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Real Estate News, Property Prices, Housing, Commercial Development | The HinduBusinessLine

Godrej Properties FY26 profit rises 32% to ₹1,850 crore, stock gains WeWork India opens Aerocity centre, adds 1.1 lakh sq ft in Delhi-NCR Listed realty firms tighten grip on land deals as market consolidates in FY26 Concorde leases 1.4 lakh sq ft to BHIVE at Bengaluru’s Econex Ramky Estates takes over ₹2,000-crore stressed residential projects from Skylark Builders in Bengaluru Brigade, Bain Capital to develop ₹2,200 crore mixed-use project in Bengaluru Cognizant pre-leases 6.5 lakh sq ft in Chennai to set up GCC for US Bancorp Strong leasing boosts Mindspace REIT’s Q4 performance Embassy REIT eyes 10–12 msf acquisitions; demand tailwinds support growth MICL Group acquires 2 projects in South Mumbai with sales potential of ₹2,000 cr Mahindra Lifespace pre-sales rise 21% to ₹3,405 crore in FY26 on strong housing demand Maharashtra amends sand policy, deploys flying squads to curb illegal mining DRA partners with California-based Slate AI for AI-led construction management GIFT City to expand its area by 15%; over 161 acres to be added Real estate shifts to delivery-led growth as RERA tightens norms: NBR Group Meghna Infracon to invest ₹500 cr on five redevelopment projects in Mumbai region Domestic capital drives 76% of India's real estate investment, foreign inflows stay muted: Report Nvidia inks 10-year lease for 7.6 lakh sq ft office space in Bengaluru Office market shines in Jan-Mar despite global headwinds; net leasing up 7% in top 7cities: JLL Mehul H Doshi assumes charge as president of CREDAI Chennai for 2026–2028 Sales of affordable homes down 23% in Jan-Mar to 16,273 units in top 8 cities: Knight Frank India real estate demand remains stable in Q1 despite launch slowdown: Equirus Lodha Developers bets on data centres and low leverage as it targets sustained growth after record FY26 Real estate deals down 63% to $763 mn in Jan-Mar against Dec quarter: Report Chalet Hotels acquires Udaipur resort for ₹171 crore Bengaluru’s next real estate boom to be driven by expansion of metro lines Sunteck Realty Q4 pre-sales rise 22% to ₹1,064 cr Capital inflows in Indian real estate rise 72% to record $5.1 billion in Jan-Mar: CBRE Table Space adds 4.25 lakh sqft in Mumbai, Pune Asset Homes charts road map for FY27; to launch 28 projects Prestige Estates sells over 1,700 housing units in Hyderabad for more than ₹2,500 cr Welspun One leases 2.10 lakh sq ft of warehousing space at JNPA SEZ to Indev Infra PNB Housing Finance posts higher profit on robust loan growth, asset quality boost Welspun leases 4.6 lakh sq ft office space in Pune’s Hinjewadi Vedaanta Senior Living expands footprint in Kerala with Kottayam project Office market stabilising; vacancies to decline marginally, rents to rise: Nuvama Adani arm sets up three hotel, real estate airport city units KG Builders launches commercial project KG One Global in Chennai’s Adambakkam PE investment in India real estate jumps to USD 637 million in Q1 2026, led by office assets Signature global partners tonino lamborghini for Rs 2,900 crore luxury housing project in gurugram India's top 8 cities see 24pc dip in net office leasing in Jan-Mar on lower demand: C&W Mindspace REIT acquires 51% stake in Chennai IT park for ₹3,000 crore Lodha Developers expects ₹2 lakh crore revenue from monetisation of land bank RMZ to deploy $35 billion across Data Centres, AI infra and commercial real estate; eyes IPO RMZ to invest $35 billion to build digital infra, housing, commercial projects, exploring IPO Sumitomo Corp JV firm Krisumi to invest ₹4,500 cr on housing project in Gurugram Signature Global cuts net debt by 77% to ₹200 crore in FY26 Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W Godrej Properties reports record ₹34,171 crore sales bookings in FY2026, up 16% IBBI panel suggests project-centric approach for real estate insolvency resolution Chalet Hotels activates cost saving steps, growth plans remain intact: CEO Shwetank Singh HoABL launches 1% monthly payment plan for Naigaon housing project, backed by Amitabh Bachchan Signature Global FY26 pre-sales down 20% to ₹8,220cr amid slow demand in Gurugram housing market ASK Property Fund exits two realty investments for ₹400 crore Prestige Estates crosses ₹30,000 crore pre-sales in FY26 Office transactions see record growth in Q1, residential sales decline: Knight Frank report Housing sales dip 4% annually in Jan-Mar in 8 cities on high prices, Iran war: Knight Frank Rustomjee posts record pre-sales of ₹1,346 crore in Q4, beats full-year guidance IIFCL to double InvITs exposure to ₹6,000 cr this fiscal CapitaLand Investment Ltd outlines 23 m sq ft India pipeline across business parks, logistics Builders’ Association of India appoints Dharmesh Awasthi as president Raymond Realty Q4 pre-sales jump over 2-fold to ₹1,519 cr Large corporates drive India’s flex workspace boom: Knight Frank report Foreign fund inflow in Indian real estate falls 75% in Jan-Mar amid West Asia conflict: Colliers MAIA Estates lines up ₹7,000 crore pipeline, plans Mumbai entry Mindspace REIT expands Chennai presence with ₹2,541 crore office acquisition Prologis commences 1.1 million sq ft logistics park in North Chennai Housing sales in Delhi-NCR dip 17% in Jan-Mar amid West Asia conflict: Anarock Aditya Birla Real Estate expects ₹1,700 cr revenue from 1st housing redevelopment project Housing sales in Jan-Mar dip 7% from Dec qtr due to West Asia conflict, up 9% annually: Anarock Prestige Estates, Arihant Group buy land in Chennai to build ₹5,000 cr worth housing project Workspace provider Table Space adds 4.69 lakh sq ft in Bengaluru Office leasing up 15% in Jan-Mar to 18.3 mn sq ft across top 7 cities: Colliers Gujarat Assembly passes amendment to curb illegal property transfers in specified areas Puravankara plans ₹55,000 crore project pipeline across South India and Mumbai ASK Property Fund exits Mahagun Group’s Noida Project with 21% return 65% of Indian firms plan flexible workspaces by 2027: CBRE-FICCI Report Housing sales to remain soft unless developers shift focus from luxury to mid-income segment: Nuvama Godrej Properties, Lodha acquire over 25 land parcels in FY26 to build homes, eye ₹1 lakh cr revenue NCLT allows withdrawal of insolvency proceedings against ATS Knightsbridge under section 12A India among key APAC markets as global real estate investment volumes rise 8.2% in 2025: Colliers IndiQube Spaces leases 1,140 desks in Pune to GCC client, expects ₹54 crore in revenue InVITs’ asset to grow ₹1 lakh crore in FY26: CareEdge Mahindra Lifespaces expands in Mumbai with ₹3,000 Cr residential project HCC wins Rs 1,662 crore BMC contract for Goregaon-Mulund Link Road Phase IV Godrej Properties acquires 20-acre Bengaluru plot, eyes ₹1,350 crore revenue Avante spaces to develop 1.7 million sq ft commercial business park in Pune NCLAT restores insolvency appeal against Dilip Buildcon Amrutanjan held Mylapore Kapaleeswarar Temple land till 2018; ₹9.74 crore dues: HR&CE tells HC DRA Homes acquires 3.91 acres in Karanai for ₹49.70 crore; plans ₹500 crore residential development Naredco partners with realty portal Magicbricks for research, market intelligence in property sector Career mobility drives tenant churn in India’s top rental markets Smaller towns to play big role in Indian housing market's next growth cycle: Square Yards Gaurs Group pre-sales up 12% to ₹5,347 cr in Apr-Dec on strong housing demand KG Builders launches two plotted communities in Western Chennai; ₹400-crore GDV India’s listed REIT market surges six-fold to ₹1,726 billion since FY20 Godrej Properties buys 44-acre land in Coimbatore, expects ₹450 cr revenue from sale of plots Brigade Group enters into industrial real estate with 25-acre development in Devanahalli NCLAT junks Reliance Realty's plea for insolvency against Altruist Customer Management Alligator Automations opens new office in PCMC industrial belt
Freshworks founder Girish Mathrubootham buys ₹211-cr boat club property in Chennai
Aishwarya Kumar · 2026-06-24 · via Real Estate News, Property Prices, Housing, Commercial Development | The HinduBusinessLine
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Boat Club remains one of Chennai’s most sought-after residential enclaves, with limited land availability, tree-lined avenues and large private estates making transactions in the locality relatively rare

Updated - June 24, 2026 at 04:35 PM.

Girish Mathrubootham, Executive Chairman, Freshworks

Girish Mathrubootham, Executive Chairman, Freshworks | Photo Credit: BIJOY GHOSH

Freshworks Founder and Executive Chairman Girish Mathrubootham has acquired a prime residential property in Chennai’s prestigious Boat Club locality for ₹211 crore, marking one of the city’s notable high-value residential transactions this year.

Property registration data accessed through Zapkey showed that the transaction was registered on June 17. The buyer is Ratna Girish Mathrubootham, while the sellers are Prakash Dodla Reddy and Anita Dodla Reddy.

The property, known as Anita’s Apartment, is located at Plot No. 13, Boat Club Road in R.A. Puram. Spread across 18,358 sq ft (about 7.65 grounds), the asset comprises a five-level building with a total built-up area of 47,168 sq ft

As part of the transaction, a loan of ₹140 crore has been availed from HSBC against the property, according to the registration documents.

The acquisition is understood to be for Mathrubootham’s personal residence.

Boat Club remains one of Chennai’s most sought-after residential enclaves, with limited land availability, tree-lined avenues and large private estates making transactions in the locality relatively rare. The neighbourhood has long been home to leading industrialists, business families and senior professionals, with property values commanding a significant premium over most other parts of the city.

The property was previously owned by the family of Brij Mohan Reddy, founder of Dodla Dairy. The deal adds to a series of marquee residential purchases by startup founders and business leaders in recent years.

Published on June 24, 2026

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