PROPERTY SALES VALUE
Siddhartha Sacheti buys Rs 160 crore duplex in Mumbai’s Worli
Jaipur Gems CEO Siddhartha Sacheti has acquired two sea-facing luxury duplex apartments in Worli, Mumbai, for Rs 160 crore. The deal, totaling 12,260 sq ft, includes 10 parking spaces and involved significant stamp duty payments due to a recent resale. This transaction ranks among Mumbai's most expensive property deals.
Signature Global raises Rs 875 cr via debentures to reduce debt, expand business
Realty firm Signature Global has secured Rs 875 crore through non-convertible debentures. This funding will be used to clear existing debt and fuel business growth. The company aims to strengthen its financial position and expand its operations. Signature Global is a prominent real estate developer in India.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.
Diwali 2025: Nifty heading to 26,500; Shriram Finance, L&T, Nykaa top cracker stocks; Hero MotoCorp, JK Tyre value bombs
Market experts Kunal Bothra, Jay Thakkar, and Ashish Kyal see the Nifty targeting 26,500 this Diwali, driven by the festive momentum as well as strong macros. Their top “cracker stocks” include Shriram Finance, L&T, Nykaa, SBI, and Hero MotoCorp, with themes like autos, banking, and realty expected to sparkle through 2025.
Bollywood actor Sonu Sood invests in a land in Panvel, Mumbai's fastest growing real estate belts
Sonu Sood and his son Eshaan Sood have bought a land parcel worth Rs 1.05 crore in Panvel. Panvel's strategic location along the Mumbai-Pune Expressway and Panvel-Karjat railway line has made it a preferred choice for both investors and end-users.
Japan's Nikkei rises on improving bets of Takaichi becoming next PM
Japan's Nikkei index surged more than 1 percent on Thursday, driven by increasing optimism toward Liberal Democratic Party leader Sanae Takaichi stepping into the role of prime minister. This upbeat sentiment surrounding possible government spending initiatives had investors rallying, particularly within the technology and property markets.
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Home sales value surges 14% in Q3 2025 despite flat volumes; premium segment leads growth, says PropTiger.com report
India’s residential real estate market saw home sales value rise 14% in Q3 2025 despite flat volumes, driven by premium and luxury segments. Southern and eastern markets led growth, while developers increasingly focus on high-value projects, signalling a shift toward value-driven residential demand.
Father and son jointly sell ancestral land for Rs 13 crore; father gets tax notice; they file appeal in ITAT Pune and win case
A father and son sold ancestral land for Rs 13 crore, but the buyer's TDS error led to a tax notice for the father. The ITAT Pune ruled in their favor, stating procedural lapses shouldn't deny substantive rights. The father was granted full TDS credit, preventing the revenue from unjustly enriching itself. Read more.
Ola Electric & Ather Energy: Can you bet on India’s EV stocks as China tightens lithium grip?
China’s new export curbs on lithium battery materials may disrupt India’s EV supply chain. Analysts say Ather Energy’s localisation efforts could limit the impact, while Ola Electric remains exposed due to its reliance on Chinese components. Ather’s technical outlook appears stronger, whereas Ola’s charts signal continued weakness.
Tribeca Developers repays Rs 200 cr construction finance to HDFC Capital
Tribeca Developers, the largest global developer of Trump-branded projects, has repaid a Rs 200 crore construction loan from HDFC Capital ahead of schedule, funded by strong sales of its Mumbai project featuring two 600-feet towers. With a presence in six Indian cities, Tribeca has launched or delivered over 6 million sq ft of luxury real estate worth more than Rs 7,000 crore.
IPL adds it up, and still ends up short of valuation crease
The Indian Premier League's valuation has dropped for two consecutive years, now standing at $8.8 billion. This decline stems from media rights consolidation and a government ban on real-money gaming sponsorships. The merger of Disney Star and Viacom18 into JioStar ended intense bidding wars, while the gaming sponsorship ban significantly impacted revenue, signaling a fundamental shift in India's cricket economy.
Festive sales enter slog overs; Pismo CEO on India outreach
Happy Wednesday! Online sellers and marketplaces want to finish the festive season with a bang. This and more in today's ETtech Morning Dispatch.
Michael Jackson’s $778 million empire at risk — lawsuits and scandals could wipe it all out
Michael Jackson's vast fortune is under threat. Lawsuits alleging sexual abuse seek huge damages. The IRS claims significant unpaid taxes. Family disputes and alleged mismanagement add to the crisis. If these issues are not resolved, the King of Pop's estate could be depleted, leaving little for his heirs and tarnishing his legacy.
SC seeks govt, Sebi response on Sahara asset sale to Adani
The Supreme Court on Tuesday sought the response of the Centre, the Securities and Exchange Board of India (SEBI) and other stakeholders on a plea of Sahara India Commercial Corporation Ltd seeking permission to sell its 88 prime properties to Adani Properties Private Limited.
Supreme Court asks SEBI, finance & corporate affairs ministries to respond to Sahara plea on Adani property sale
The Supreme Court has directed government ministries and SEBI to respond to Sahara's plea to sell 88 properties, including Aamby Valley, to Adani Properties. Sahara proposes depositing Rs 12,000 crore from the sale towards its liabilities. The court seeks clarity on disputed properties and Sahara's worker claims.
Fractional ownership & lifestyle living - The Gen Z real estate playbook
Gen Z investors are reshaping India's real estate market, prioritizing lifestyle and flexibility alongside financial growth. They are embracing fractional ownership and seeking smart, sustainable, and wellness-oriented properties, influencing developers to adapt their offerings to meet these evolving preferences for long-term value.
Qatar to offer property titles, residency visas to foreign investors within days of real estate purchases
Qatar is set to offer property title deeds and real estate residency within days for foreign buyers investing at least $200,000. This initiative aims to streamline ownership and attract international investors, with permanent residency available for purchases of $1 million or more. The move supports Qatar's expanding real estate sector, which saw significant growth in Q2 2025.
Ranjan Pai’s backed firm buys central Bengaluru bungalow for record Rs 166 crore, sets new benchmark
Bengaluru's luxury property market has set a new record with a Rs 165.66 crore bungalow sale on Lavelle Road, fetching an unprecedented Rs 64,166 per sq ft. This highlights a surge in ultra-luxury deals, with transactions in the Rs 40-60 crore bracket becoming common, signaling strong investor confidence and the city's maturing high-end housing segment.
SC to hear on Tuesday Sahara firm's plea seeking nod for sale of assets to Adani Properties
Sahara India Commercial Corporation Ltd. seeks Supreme Court approval to sell key properties, including Amby Valley and Shahara Saher, to Adani Properties. This move aims to liquidate assets and satisfy court-ordered liabilities. The plea highlights past difficulties in asset liquidation and the need for expeditious resolution following Subrata Roy's demise.
Prestige Group launches 620 homes worth Rs 2,200 cr for sales in Ghaziabad
Realty firm Prestige Estates Projects Ltd has launched 620 flats for sale in Ghaziabad with an estimated revenue of Rs 2,200 crore, as part of its strategy to expand business amid strong demand for premium residential properties.
Prestige Group launches 620 homes worth Rs 2,200 cr for sales in Ghaziabad
Prestige Estates Projects Ltd has launched 620 flats in Ghaziabad, projecting Rs 2,200 crore in revenue as part of its expansion strategy. This follows the successful first phase of its township, 'The Prestige City, Indirapuram', which comprised 3,421 units. The company has reported a significant 50% increase in sales bookings to Rs 6,017.
Lodha Developers buys 1 land parcel in Q2 to build homes worth Rs 2,300 crore
Lodha Developers acquired a land parcel in MMR for a Rs 2,300 crore housing project, achieving its fiscal target for land acquisition with potential revenue of Rs 25,000 crore. The company also reported a 7% year-on-year rise in pre-sales to Rs 4,570 crore in Q2 FY26, driven by improved housing demand.
CoreWeave deal turns $50 million into $12.5 billion — hedge fund strikes AI gold
Hedge fund Magnetar made a huge profit by investing in CoreWeave, an AI company using Nvidia GPUs. A small $50 million investment grew into $12.5 billion, showing the power of AI stocks. CoreWeave helps train big AI models, and Magnetar’s smart early move made it one of the biggest winners in the AI boom.
Signature Global to raise Rs 875 cr next week via NCDs
Realty firm Signature Global is set to raise Rs 875 crore next week. The company will issue non-convertible debentures to investors. These debentures will have a coupon rate of 11 percent and a tenure of over three years. The allotment is planned for October 2025. Signature Global is a leading real estate developer in India.
Navi Mumbai airport: Lodha big beneficiary, stock can rally 46%, says Jefferies
The upcoming Navi Mumbai International Airport could transform Mumbai’s property landscape. Jefferies identifies Lodha Developers as a major beneficiary, citing its extensive land holdings and surrounding infrastructure upgrades. Despite recent share declines, the brokerage projects significant upside, driven by land value appreciation and ongoing monetisation of Lodha’s assets.
Lottery ticket printing materials like ink, chemicals are subject to UP trade tax, rules SC
The Supreme Court ruled that inks and processing materials used in printing lottery tickets are taxable under the Uttar Pradesh Trade Tax Act. The court found that the printing of lottery tickets constitutes a works contract, and the materials used are transferred to a third party as part of the final product.
Moneytree Realty expands to Mumbai and Pune, eyes international growth
Moneytree Realty is expanding its operations to Pune and Mumbai, with plans for international markets, following a significant 30% growth in sales value in 2025. The company anticipates closing the year with ₹1,000 crore in sales, driven by a stabilized real estate sector and continued investment in property.
Realty transactions evade taxmen using fake PANs
Tax authorities are scrutinizing property deals across India. Many transactions are escaping detection due to deliberate reporting lapses and incorrect buyer and seller PANs. This move aims to curb benami transactions and unaccounted wealth. Officials are inspecting registrar records and conducting surveys to improve compliance and voluntary disclosures. Accurate data from banks and registrars is crucial for tax assessments.
Your dream home in Dubai could become a reality
Dubai real estate developers are actively targeting Indian buyers this festive season with attractive offers and flexible payment plans. Rising Indian property prices and higher rental yields in Dubai are driving this trend, attracting a new generation of investors seeking wealth creation and long-term residency options. Developers are even waiving DLD fees to secure these buyers.
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