19 Nov 2024

1 Finance, a leading financial services institution in India, has partnered with NAREDCO Maharashtra NextGen for Excelerate 3.0. The event revealed a detailed research report on Greater Mumbai's real estate market, examining pricing trends, transaction volumes, and inventory levels. Key insights include high property prices, low affordability for the affluent middle class, and the need for regulatory reforms to improve the market. The report highlighted real estate's role as a strong asset class, offering competitive returns compared to equities, debt, and gold. Industry leaders emphasized the importance of collaboration for addressing affordability challenges and driving sustainable urban growth.Read more

18 Nov 2024

Puravankara reported a consolidated net loss of INR 17.06 crore for the latest quarter, exceeding the loss from the same period last year. However, the company recorded substantial revenue growth of 36.2%, reaching INR 519.68 crore, and achieved a 67% rise in project revenues for the first half of FY25. Key growth indicators included a 14% increase in sustenance sales, higher pricing for Purva and Provident brands, and significant land investments. The company remains focused on launching new projects with a GDV potential of INR 13,625 crore in the coming quarters.Read more

18 Nov 2024

Anthurium Developers, a subsidiary of Mahindra Lifespace Developers, has entered into a joint development agreement with GKW to develop a 37-acre land parcel in Bhandup, Mumbai. The project, which holds a development potential of around 3.6 million sq ft, will include a mixed-use development featuring residential, commercial, and retail spaces. The deal was facilitated by ANAROCK Capital, with Khaitan & Co acting as the legal advisor, marking a significant step in enhancing Mumbai's real estate landscape.Read more

15 Nov 2024

Agami Realty has successfully sold over 80% of the units in its premium residential project, Agami Eternity, located near Bandra Kurla Complex (BKC). The 22-storey building comprises 66 units, set for handover by April 2027. Designed by acclaimed architect Reza Kabul, the project combines contemporary architecture with sustainability, featuring amenities such as a rooftop infinity pool, hammock court, and green building certifications. The development, focused on luxury, art, and innovative design, integrates smart energy management tools and sustainable practices like solar panels and rainwater harvesting. The project's strategic location offers excellent connectivity to key business and entertainment hubs.Read more

15 Nov 2024

Supreme Universal has announced the second phase of Supreme Villagio, a luxury villa township in Somatane, Pune. Following the success of the first phase, which sold nearly 100 villas, this new phase introduces 70 additional 4 BHK villas. Situated on a scenic 16-acre plot, Supreme Villagio offers high-end amenities, convenient transport links, and natural surroundings. Supreme Universal anticipates INR 500 crore revenue from this expansion, appealing to both local and NRI buyers interested in premium, nature-integrated living.Read more

15 Nov 2024

Ajmera Realty & Infra India Ltd (ARIIL) has reported remarkable pre-sales for its newly launched residential project, Ajmera Iris, in Bengaluru's Electronic City, Phase 2. Within the first week of its launch, the project sold 59,000 sq. ft. out of 1,58,859 sq. ft., totaling INR 60 crore in revenue-about 37% of the available inventory. Located near key infrastructure like Hosur Road and the Bengaluru Metro, Ajmera Iris combines convenience with lifestyle amenities, making it an attractive choice for buyers and investors seeking quality living spaces in Bengaluru.Read more

15 Nov 2024

Brigade Group has entered a Joint Development Agreement for a one million square foot residential project in West Chennai, forming part of a larger 1.5 million square foot mixed-use complex. Brigade envisions Chennai as a key growth market, second only to Bengaluru, with this project valued at an estimated INR 800 crore. With plans to invest over INR 8,000 crores in Chennai by 2030, Brigade aims to expand across residential, commercial, retail, and hospitality sectors. This partnership reinforces Brigade's commitment to delivering premium, integrated spaces that meet evolving market demands and enhance Chennai's urban landscape.Read more

14 Nov 2024

Ashiana Housing has signed a memorandum of understanding (MoU) to develop a senior-living-project on approximately 12.5 acres along Kanakpura Road, Harohalli, Karnataka. The project, entered with three land-owning individuals, will feature an estimated saleable-area of 11 lakh square feet, with a joint development agreement anticipated within six months. Additionally, Ashiana Housing has agreed to lease 20 acres in the social infrastructure zone of Mahindra World City, Jaipur, for a group housing project. This development, with Mahindra World City (Jaipur), has an estimated saleable area of 20 lakh square feet, and a lease deed will be finalised within 90 days.Read more

13 Nov 2024

The redevelopment of the Rajaji Nagar (Chenkalchoola) colony in Thiruvananthapuram has officially begun, led by Smart City Thiruvananthapuram Ltd (SCTL). With a budget of INR 9 crore, the first phase aims to construct 248 housing units and develop infrastructure, including drainage and recreational spaces. Initial groundwork has commenced, and construction is expected to accelerate soon. Although the project faced delays due to various challenges, it marked a significant step towards improving living conditions for the colony's approximately 2,000 residents.Read more

13 Nov 2024

Innov8, a leading coworking start-up in India, plans to double its workspace centres in 2025, aiming to meet India's growing demand for flexible and collaborative workspaces. Currently, Innov8 operates over 45 centres with a seating capacity of 17,000. By expanding over 50,000 seats, Innov8 will support a range of businesses, from start-ups to large enterprises, with high-quality, affordable, and sustainable office spaces. This ambitious plan aligns with India's booming coworking market, which continues to attract businesses seeking productivity, agility, and cost-effectiveness.Read more