real estate

WSB Partners, a real estate-focused investment firm, has announced a fresh investment of ₹75 crore in Sowparnika Projects, reinforcing its ongoing association with the company. This marks WSB’s ninth investment in Sowparnika. The transaction is aligned with WSB Partner’s investment focus, which targets structured debt funding with developers in mid-income and affordable housing projects across tier I and select tier II cities in India. 

The funding is intended to support Sowparnika’s expansion plans in Bengaluru, Karnataka, and will be primarily utilised as growth capital. Over the last four years, WSB has deployed more than ₹500 crore across six transactions with Sowparnika, covering six residential projects. These investments have been concentrated in the mid-income housing segment across Bengaluru and other southern markets.

Commenting on the investment, Rahul Rajendran, Principal – Investments, WSB Partners, said, “Our engagement with the Sowparnika has been built through multiple transactions across projects. This investment reflects our continued approach of backing developers with an established execution track record in the mid-income housing segment. We look forward to maintaining this association and supporting their planned expansion.”

Sowparnika operates in the mid-income housing segment across southern India. Since inception in 2003, the company has completed 70 projects, delivered more than 7,600 homes, and developed approximately 7.1 million square feet of residential space.

Commenting on the development, Ramji Subramaniam, Managing Director, Sowparnika Projects, said, “WSB Partners has been a long-term capital partner. This investment strengthens our financial flexibility and supports our growth plans in Bengaluru, where demand for mid-income housing remains steady. We remain committed to strengthening our presence in this segment and delivering residential projects in this segment across our key markets.”

The investment forms part of WSB Partners’ broader strategy of participating in residential development platforms with established project pipelines in high-demand housing markets.

About WSB Partners:

WSB Partners is a real estate-focused investment firm with a strong track record of investing across diverse markets and asset classes. Since 2013, the company has committed approximately ₹4,000 crore in capital across 75+ real estate investments. WSB Partners is backed by the family offices of Allcargo Group, Navneet Education Limited, Mahavir Agency and BAsoil Advisory.

For more information, please visit: https://wsbindia.com/

About Sowparnika:

Started in 2003, Sowparnika Projects is one of India’s trusted real estate developers. Headquartered in Bengaluru, Sowparnika has a strong presence across Karnataka, Kerala, and Tamil Nadu. The company blends affordability, design excellence, and sustainability in its projects. Sowparnika’s strength lies in its integrated business model, with in-house capabilities spanning architecture, engineering, construction, interiors, and allied services. This allows the company to maintain stringent quality control and seamless execution at every stage of development. With over 15,000 happy families and a strong track record of on-time delivery, Sowparnika has successfully completed 70 projects.

For more information, please visit: https://sowparnika.com/

The era of the aesthetics-first facade is over. While cladding selection was historically driven by visual appeal and upfront cost, tightening regulations now dictate that performance comes first.

A modern facade is a building’s primary defense against fire, wind loads, and environmental degradation. Consequently, developers must execute rigorous due diligence into a material’s composition, manufacturing origin, and certified safety. Here are the five non-negotiable pillars driving facade selection in 2026.

Warranty of the Material

Developers must demand coverage that precisely aligns with an asset’s true lifecycle—scaling up to 15 or 20 years for premium infrastructure. However, a paper guarantee is meaningless if the issuer lacks credibility. A warranty alone offers no real protection without the manufacturer’s financial stability and technical capability to honor it. When inferior materials inevitably fail, developers are left exposed to compounding replacement costs, compliance liabilities, and severe brand damage.

The new standard is non-negotiable: materials must be tested, certified by an authorised government body, and then warranted. Furthermore, trust must be replaced by verification. Industry leaders mandate that performance claims be backed by NABL-accredited (ISO/IEC 17025) in-house labs. When a manufacturer internally verifies 16 different parameters like impact resistance and coating thickness, the warranty transitions from a marketing promise to a documented, scientific fact.

Durability of Material

While standard commercial-grade alloys have historically been the norm, they can pose unnecessary structural risks over time. For superior architectural strength, a more prudent approach involves specifying high-performance options like the 3003 and 5000 series. The 5000 series (such as 5005) serves as a true marine-grade solution, making it the ideal recommendation for coastal infrastructure. Engineered for targeted corrosion resistance and a higher strength-to-weight ratio, these advanced alloys help ensure panel flatness and long-term structural integrity under severe thermal stress

This requirement has driven the adoption of the Engineered Solid Panel.

• For those developers that are working in high-risk areas where fire safety is critical, developers are choosing Solid-Aluminum Panels as these panels are made of a       homogeneous metal and, consequently, achieve the highest Class A1 rating for non-combustibility.
• For projects that require versatility in terms of design and exterior appearance, Engineered Solid Panels can be specified to have Class A2 fire-retardant characteristics, while allowing for dual finish options (i.e. two different finishes applied to the same side of the panel)

Advanced panel coatings like PVDF (Polyvinylidene Fluoride) and FEVE coatings, are engineered to resist the fading and chalking that plague standard polyesters.

Test Certificate & The Issuing Body

As fire safety norms become universally stricter, a generic, self attested report is no longer sufficient. True risk mitigation requires a definitive, uninterrupted chain of custody from internationally accredited testing authorities.

Developers must demand project-specific certifications from international third-party testing and certification labs like Thomas Bell-Wright, TUV Nord, or Exova Warringtonfire. Crucially, internal due diligence must verify that the provided certificate matches the exact batch and technical specifications of the material delivered to the site.

Equally critical is validation through NABL-accredited (ISO/IEC 17025) facilities, a highly desired benchmark that demands strict equipment calibration, verified staff competence, and grueling unannounced audits. Backed by global Mutual Recognition Arrangements (MRA), this rigorous accreditation ensures that a manufacturer’s everyday production holds the exact same weight and reliability as international safety standards.

Service & Delivery Part

The logistics crisis of the early 2020s taught the construction world a hard lesson: a superior product is useless if it is stuck in a container halfway across the world.

This realization has driven a preference for backward integration. Manufacturers who have moved from simple assembly to full-scale engineering—bringing continuous coil coating and paint mixing processes  in-house—have effectively protected themselves against global supply chain volatility. This domestic capability doesn’t just mean faster delivery; it allows for the customization of cores like fire-retardants among others as well as specific finishes in a fraction of the time it takes to import, keeping project timelines strictly on track.

Long-term Durability & Weather Performance

In the end, the message is one of accountability. As climate change accelerates the frequency and severity of extreme weather events, true weather performance is no longer a theoretical promise; it is validated through grueling, quantifiable metrics. Modern architecture demands materials proven to withstand extreme environments—verified through 1,000-hour Accelerated Weathering, Salt-Spray, and Humidity resistance tests mimicking real world environments. Furthermore, evaluating parameters like Linear Thermal Expansion, Abrasion Resistance (Falling Sand), and 1,000-hour Colour and Chalk Retention ensures the facade will not warp, delaminate, or degrade under severe thermal stress and intense UV exposure.

Beyond physical durability, sustainability will be quantifiable in ways that can be measured. Examples will be Zero Liquid Discharge (ZLD) manufacturing for facilities and the use of renewable energy, solar, to operate their production lines. Examples will be making a commitment to the circular economy through 100% recyclable aluminium cladding that maintains its structural integrity.

Ultimately, choosing a facade material has a lasting impact for the next several years. By promoting building materials that are sustainable and durable that meet or exceed verified safety criteria, developers are not just finishing a building; they are also creating a future-proof asset.

Persistent uncertainty amid the West Asia war and its inevitable supply chain disruptions impacted housing sales in the top 7 cities in Q2 2026, finds latest ANAROCK Research data. Residential sales dropped 6%, with approx. 90,715 units sold in the quarter against approx. 96,285 units in Q2 2025. On Q-o-Q basis, housing sales fell 11%.

MMR and Bengaluru together accounted for over 48% of total sales in the top 7 cities, with approx. 43,995 units cumulatively sold in these cities in Q2 2026. Of the top cities, only Kolkata, Hyderabad and Bengaluru respectively saw 10%, 2% and 1% yearly sales increases in Q2 2026. Pune saw the steepest yearly decline of 15% in the quarter.

New launches, on the other hand, rose by 7% Y-o-Y – from approx. 98,625 units in Q2 2025 to approx. 1,06,000 units in Q2 2026. MMR and Bengaluru saw the maximum new supply, accounting for 53% of the total new inventory additions across the top 7 cities.

Individually, MMR witnessed a 23% yearly rise and a 14% quarterly decline in new supply. Bengaluru saw new supply rise by a remarkable 41% Y-o-Y in Q2 2026 against Q2 2025, but a 11% quarterly decline.

Anuj Puri, Chairman – ANAROCK Group, says, “These readings are along expected lines, as the Middle East war’s impacts on the entire sector were all too obvious. Reasons aside, what we have currently is a more balanced housing market where new supply is catching up with absorption as sales growth moderated across most top cities. Notable, the most sales growth now is in premium housing, GCC-led employment hubs, and infrastructure-driven corridors. Also, the Middle East war’s disruptions and, inevitably, AI-related uncertainties in the IT/ITeS sector have pushed more buyers onto the fence.”

“Interestingly, new launces remained strong in Q2 2026 annually as large and listed developers unleashed projects on the massive land parcels they acquired in 2025,” adds Puri. “However, on quarterly basis, new supply in the top cities dropped by 16% in Q2 2026. Uncertainty-weakened buyer sentiment would also have caused many developers to throttle back new supply.”

Average Price Movement

Quarterly, average residential prices in the top 7 cities rose by a meagre 1% – but rose 7% annually. The annual growth rate has slowed down marginally in this quarter when viewed against the double-digit growth in these cities last year.

At 13%, NCR by far saw the highest annual price surge in Q2 2026, while quarterly growth was a more modest 2%. Bengaluru followed with an 8% annual price jump.

New Launches

The top 7 cities saw approx. 1,06,000 new units launched in Q2 2026, against 98,625 units in Q2 2025 – a 7% rise. The key cities contributing to new launches were MMR (Mumbai Metropolitan Region), Pune, Hyderabad, and Bengaluru, which together accounted for 81% of the supply addition.

• MMR saw approx. 34,555 units launched in Q2 2026 – increasing by 23% over Q2 2025 and declining over 14% on quarterly basis. More than 57% of the new supply was added in the sub-INR 1.5 Cr budget segment.

• NCR saw a 40% decline in new launches against Q2 2025 with approx. 11.205 units launched in Q2 2026. On quarterly basis, there was a 30% fall. A whopping 61% new supply in Q2 was added in the luxury segments (priced >INR 1.5 Cr.)
• Bengaluru added approx. 21,670 units in Q2 2026, declining quarterly by 11%. However, on a yearly basis, there was whopping 41% jump.  Approx. 96% of the new supply was in the premium and luxury segments (INR 80 lakh onwards)
• Pune added approx. 12,735 new units in Q2 2026, compared to 14,220 units in Q2 2025 – a decrease of 10%. Quarterly, the city recorded a 20% supply decline. Over 78% of the new supply in Q2 2026 was added in the mid and premium segments (INR 40 lakh to INR 1.5 Cr.)
• Hyderabad added approx. 16,970 units in Q2 2026, a quarterly decrease of 12% but a 53% increase against the corresponding period in 2025. Over 82% of the new supply was added in the premium and luxury segments (INR 80 lakh to INR 2.5 Cr.)
• Chennai added approx. 5,315 units in Q2 2026, a quarterly decrease of 1% against Q1 2026 and an annual fall of 38%. Over 78% of new supply was added in the mid and premium segments.
• Kolkata added approx. 3,550 units in Q2 2026, a decrease of 32% over Q1 2026 and a 42% rise against Q2 2025. Approx. 58% of the new supply was added in the premium and luxury segments (INR 80 lakh to INR 2.5 Cr.)

Source: ANAROCK Research & Advisory

Overall Sales Overview

Approx. 90,715 units were sold in Q2 2026 across the top 7 cities – a quarterly decline of 11% over Q1 2026. NCR, MMR, Bengaluru, Pune, and Hyderabad together accounted for 90% sales in the quarter. Annually, the top 7 cities recorded a 6% sales decline (approx. 96,285 units were sold in Q2 2025.)

• NCR saw sales decline 6% Y-o-Y – from approx. 14,255 units in Q2 2025 to approx. 13,365 units in Q2 2026. Quarterly, it saw a 12% decline in sales.
• MMR witnessed the highest sales of approx. 28,710 units in Q2 2026, against 31,275 in Q2 2025 – declining by 8% annually and 12% quarterly.
• Pune saw approx. 13,090 units sold in Q2 2026, down by 15% over Q2 2025.
• Bengaluru saw housing sales by meagre 1% in Q2 2026 against Q2 2025, with approx. 15,285 units sold in the quarter. Quarterly, it saw a 7% decline in sales.
• Chennai saw approx. 5,135 units sold in Q2 2026 – decreasing by 9% against Q2 2025. Quarterly, it saw a 3% decline in sales.
• Hyderabad saw approx. 11,270 units sold in the quarter, rising by 2% over Q2 2025. Quarterly, sales declined by 9%.
• Kolkata saw housing sales increase by 10% in the quarter against Q2 2025, with approx. 3,860 units sold in Q2 2026. Quarterly, the city saw sales decline by 8%.

Source: ANAROCK Research & Advisory

Available Inventory

Available inventory in the top 7 cities rose to more than 6.16 lakh units by Q2 2026-end, against approx. 5.62 lakh units in Q2 2025 – rising by 10% annually. Bengaluru witnessed the highest yearly increase of 34% – from approx. 58,890 units by Q2 2025-end to approx. 79,180 units by Q2 2026-end.

Harmony Infra Ventures, one of the Tricity’s active developers with three ongoing projects in Mohali, hosted an exclusive Ferrari Esperienza event to mark the unveiling of its fourth and most ambitious project in the region. The evening brought together Ferrari owners, investors, business leaders, channel partners, and invited guests — roughly 350 people in all — for an experience that was equal parts networking and preview.

Two Ferraris were on display through the evening. Guests could experience the cars up close, and the event featured a live screening of the Formula 1 race alongside curated hospitality and interaction with Ferrari representatives. The site itself formed the backdrop for the event, giving serious buyers an early walk of the land before any formal launch.

Addressing the gathering on the occasion, Sailendar Solanki, Founder and Chairman, spoke about what has brought Harmony Infra Ventures to this point in Mohali — three projects already on the ground, and now a fourth that the company believes will set a different bar for what luxury residential can look like in this market.

“We have been building in Mohali for a while now. Three projects, and the ground-level reality of what buyers here actually want — that understanding takes time to develop. This fourth project comes from that understanding. The Tricity buyer at the top end of the market is sophisticated. They have seen a lot of promises. What they have not seen is a product that genuinely delivers on them. That is what we are here to do. The Ferrari evening was our way of starting that conversation directly, with the people it matters to.”

— Sailendar Solanki, Founder & Chairman, Harmony Infra Ventures

The event comes at a significant moment for Harmony Infra Ventures. The company recently completed the acquisition of 100 per cent ownership of The Horizon Residences in Indirapuram, Ghaziabad — a twin-tower, 264-unit uber-luxury project previously held jointly with the Saya Group. With full ownership now in place and an asking price starting at ₹5.99 crore per unit, The Horizon Residences represents the upper end of what Harmony Infra is building across its portfolio. The Mohali project is expected to carry the same standard into the Tricity market.

“Mohali is ready for a serious luxury market. The roads are there, the airport works, the right kind of buyer is already living here. What has been missing is the right product. Three projects in, we understand this market well enough to know what that product needs to look like. Our fourth project here is not just another tower. It is built for buyers who have been waiting for something that actually matches what they expect. We will share more in the coming weeks.”

— H.S. Kandhari, Co-Founder & Executive Director, Harmony Infra Ventures

The company has not announced a formal launch date for the Mohali project yet. Pricing and other details are expected to be shared in the coming weeks. What stands out for the trade is that Harmony Infra has been working in the Tricity for some time now — three projects already running in Mohali — but this is the first time the company has come out with an event of this scale. The Ferrari night signals that the fourth project is being treated as a serious step up.

What the Evening Looked Like

The Ferrari Esperienza format was chosen deliberately. It is not a typical real estate launch — there were no renders on loop, no sales counters. The idea was to bring the right people into the same room, on the actual site, and let the conversation happen naturally.

Channel partners attended in strong numbers, which the company sees as a positive signal. Trade interest in a new project, particularly one at the luxury end of the market, often indicates confidence in the developer’s track record of delivery — something Harmony Infra can point to with three active projects already running in Mohali.

The Formula 1 screening gave the evening a shared moment that worked well with the guest profile. Ferrari owners and enthusiasts from across the region mingled with business leaders and investors through the night.