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

Sobha Q4 profit up at ₹92 cr; FY26 profit rises 2 times to ₹193 cr 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 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
DRA partners with California-based Slate AI for AI-led construction management
By BL Chennai Bureau · 2026-04-28 · via Real Estate News, Property Prices, Housing, Commercial Development | The HinduBusinessLine
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DRA will be integrating Slate AI across key functions including project management, quality inspection, site monitoring, procurement optimisation, safety analytics, and delay prediction, among others

Updated - April 28, 2026 at 07:27 PM.

Ranjeeth Rathod (right), Managing Director, DRA, and Senthil Kumar, CTO- Global Head of AI, Slate Technologies Inc. at a press conference in Chennai.

Ranjeeth Rathod (right), Managing Director, DRA, and Senthil Kumar, CTO- Global Head of AI, Slate Technologies Inc. at a press conference in Chennai. | Photo Credit: BIJOY GHOSH

Chennai-based real estate developers DRA on Tuesday announced a strategic partnership with California-based Slate Technologies Inc. to deploy Slate AI, an AI-powered construction intelligence platform across its operations.

The platform is currently deployed across DRA projects in Chennai covering approximately 3.3 million sq. ft., supporting nearly 2,000 workers across construction sites and over 100 technical staff, the real estate company said in a press conference on Tuesday. DRA will be integrating Slate AI across key functions including project management, quality inspection, site monitoring, procurement optimisation, safety analytics, and delay prediction, among others.

Slate Technologies helps developers shift from traditional reporting systems to proactive, AI-led execution models. Its platform and the various modules help offer more visibility in the project phases and help improve delivery outcomes and reduce cost overruns.

Ranjeeth Rathod, Managing Director, DRA said that the construction industry is at a crucial juncture where it needs to evolve. “Construction by experience is great but need to move to construction by intelligence for efficient delivery,” he said.

With Slate, we are now able to forecast the exact number of days, manpower, and material needed to deliver on projects and right now are focusing on shortening project delivery timelines,” he added. He expects to go in for full implementation of the AI modules by December 2026.

On the risk of AI eating up jobs in the labour intensive sector, Rathod told businessline that the tool is going to help the sector upskill their workforce and use of robots or other such physical AI systems is not here yet. Speaking about the impact of the West Asia war, Rathod says they have seen about 8-10 per cent cost increase and delivery pressures due to the situation. “AI tools like Slate help in meeting project timelines amid such crisis,” he added.

Speaking about the partnership, Senthil Kumar, Global Head of AI, Slate Technologies Inc. said that traditional systems are no longer enough to manage growing project complexity in the construction industry. The Silicon Valley based company that already serves North American, EU, UK, Africa and others, is making their India foray with DRA. We are now also in talks with more real estate players in India, Kumar told businessline.

Published on April 28, 2026

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