04 Nov 2024

Signature Global, a prominent real estate developer in India, has entrusted Capacit'e Infraprojects Ltd with a INR 1203 crore construction contract for its prestigious residential project, Titanium SPR, located in Gurugram's Sector 71. The development, covering 14.382 acres and consisting of 608 luxury units, will be executed in two phases, with the first launched in June 2024, achieving a notable pre-sale of over INR 2700 crore. Strategically positioned near Southern Peripheral Road, Titanium SPR promises a unique blend of luxury, with over 55 exclusive amenities and design inspirations drawn from Singaporean architecture.Read more

01 Nov 2024

Golden Abodes, a prominent real estate developer, has launched two new projects in Goa-Anantam Signature in Dona Paula and Avisa in Goa Velha. These projects aim to blend luxury and nature, offering sea-view apartments and riverside homes with top-notch amenities. Anantam Signature boasts over 40 amenities and stunning Arabian Sea views, while Avisa offers a serene riverside living experience. Both developments are scheduled for completion by 2025 and 2026, respectively, with flexible payment plans designed to suit prospective buyers.Read more

01 Nov 2024

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Spaze Towers following a plea from flat owners due to the company's failure to complete the 'Spaze Arrow' project in Gurugram within the promised timeline. An interim resolution professional has been appointed, and the company's board has been suspended. The NCLT rejected Spaze Towers' claims of settling dues with certain allottees and confirmed that outstanding debts exceeding Rs one crore justified the insolvency process. This marks the second insolvency case for the firm, with previous proceedings related to its Spaze Corporate Park project in 2021.Read more

01 Nov 2024

Stonecraft Group has unveiled an iconic PGA-standard golf facility in Hyderabad, developed in partnership with AIVOT Golf & Sports Management, the exclusive PGA of America partner in India. This 200+ acre, 18-hole championship course-the first of its kind in South India-promises a premier experience for both professional and amateur golfers. Beyond its luxury clubhouse and PGA-accredited academy, the course's eco-friendly design incorporates sustainable practices and the Miyawaki Technique, emphasizing environmental preservation. Stonecraft's Woods Shamshabad, featuring the world's largest Miyawaki Forest, demonstrates their commitment to nature-centric, net-zero living, offering farm units within a 100-acre self-sustaining forest community.Read more

31 Oct 2024

Migsun Group will soon begin the possession process for Migsun Janpath, a high-street commercial project in Shaheed Path, Lucknow. The development offers high-street retail, premium business suites, studio apartments, and world-class amenities. Located near Medanta Hospital, it boasts excellent connectivity to key city landmarks, including Lucknow Airport and Ekana Cricket Stadium. The project features high visibility due to its 4-sided open plot and includes multi-level parking, a food court, entertainment zone, and 3-tier security. With limited units still available, Migsun Group invites buyers and investors to invest in this ready-to-move-in commercial destination. The Group is renowned for timely project delivery.Read more

31 Oct 2024

Emaar India, the Indian arm of the globally renowned real estate developer Emaar, is making its debut in Maharashtra with The Casa Venero, an ultra-luxury villa project in Alibag. This new development aims to cater to Mumbai's elite, offering a tranquil weekend or holiday home experience. With exclusive villas, modern amenities, and serene coastal surroundings, Casa Venero sets a new benchmark for luxury living, combining international design standards with Alibag's natural charm.Read more

31 Oct 2024

Navin's, a prominent builder known for green buildings, has launched its festive campaign 'Unga Veedu - Love ah, Arranged ah?' featuring South Indian actress Dushara Vijayan. The ad draws a parallel between choosing a life partner and finding a home, emphasising both emotional connection and practical considerations. Navin's offers ready-to-move-in homes starting at INR 44 lakh in Chennai, appealing to first-time buyers with no pre-EMI burden. Managing Director Navin Kumar highlights the company's focus on quality, transparency, and eco-friendly construction. The campaign positions Navin's as a trusted brand, blending modern amenities with traditional values.Read more

31 Oct 2024

Arkade Developers plans to invest approximately INR 570 crore in a new project called Arkade Rare in Bhandup, Mumbai. This follows their acquisition of three acres of land for INR 103 crore in September 2023. The development will consist of seven towers, each 21 stories high, offering 432 residential units in 2BHK and 3BHK configurations, along with 43 commercial units. Amit Jain, chairman of Arkade Developers, emphasized the company's commitment to quality housing in the area, which is gaining popularity among homebuyers seeking better living conditions. The total construction area will be around 725,000 square feet, with an estimated sales value of INR 760 crore, catering to the rising demand for housing in Mumbai's suburbs.Read more

30 Oct 2024

Kolte-Patil Developers Ltd. (KPDL) reported its highest-ever quarterly sales of INR 770 crore for Q2FY25, with the premium 24K segment contributing 30%. Sales volumes reached 1.03 million square feet, driven by flagship projects like Life Republic. Average realisations increased by 16% year-on-year to INR 7,472 per square foot. Collections totalled INR 550 crore for the quarter and INR 1,162 crore for H1FY25. CRISIL upgraded KPDL's ratings, reflecting financial strength. KPDL's growth is fuelled by strong sales, premium project success, and disciplined financial management, positioning it for continued success in Pune, Mumbai, and Bengaluru.Read more

30 Oct 2024

The Delhi High Court has directed Ansal Properties and Infrastructure Ltd. to maintain the status quo on its unencumbered assets following a petition by Debenture Trustee Vistra ITCL. This order, aimed at enforcing a previous Arbitral Tribunal ruling requiring security of INR 503 crore, prohibits any dealings with these assets. A follow-up hearing is scheduled for January 2025 to assess further developments in the case.Read more