30 Oct 2024

Ceratec Group and Chaitanya Developers have launched Tower 108, a premium 108-meter-tall commercial project in Balewadi, Pune. Strategically located near the Pune-Bangalore Expressway and Balewadi Stadium, Tower 108 offers over 400,000 sq. ft. of office and showroom space across 26 floors, accommodating 450 office units. Designed with sustainability in mind, the tower features energy-efficient infrastructure, modern amenities like a gym, cinema, and conference rooms, and extensive security measures. With excellent connectivity, including an upcoming metro station nearby, Tower 108 aims to redefine Pune's commercial landscape, offering an inspiring workspace for businesses. The project reflects Ceratec's commitment to quality, innovation, and sustainability.Read more

30 Oct 2024

Aditya Birla Real Estate has reported a remarkable turnaround for Q2 FY25, posting a net profit of INR 2.82 crore, compared to a net loss of INR 32.87 crore in the same quarter last year. Total income surged by 30.26% to INR 1,138.08 crore, driven by increased demand and successful project launches. Key acquisitions include a 10-acre site in Worli, Mumbai, with a gross development value of INR 14,000 crore, and a five-acre plot in Gurugram valued at INR 1,400 crore. This growth, along with a stable financial position, highlights the company's resilience and potential for future expansion in India's recovering real estate market.Read more

29 Oct 2024

Nirala World has acquired 2.6 acres of land in Greater Noida West for INR 180 crore to develop a commercial project, possibly a mall or high street. The project will begin once UPRERA approvals are obtained. The firm recently launched a luxury residential project, 'Nirala Trio,' and has already completed the 25-acre 'Nirala Estate' development, delivering 3,600 homes, with 450 more units to be handed over soon.Read more

29 Oct 2024

Prestige Estates Projects Ltd is investing around INR 7,000 crore to develop a large township in Ghaziabad, part of its expansion in the Delhi-NCR property market. The 'Prestige City' project will span 10 million square feet, featuring residential units, retail, and educational facilities, with expected revenue of over INR 10,000 crore. The company has also acquired land in central Delhi for an ultra-luxury housing project and plans a project in Noida. Despite a recent decline in sales bookings, Prestige achieved INR 21,040 crore in bookings last fiscal year and aims for INR 24,000 crore this year, positioning itself for further growth in Delhi-NCR.Read more

29 Oct 2024

Minimalist Hotels, India's leading poshtel chain, has launched new coworking spaces at its Goa, New Delhi, and Varanasi locations. These upscale hostels, combining luxury and affordability, now offer dedicated workspaces within their cafes, catering to remote workers and travellers with flexible schedules. Promoting "hybrid hospitality," Minimalist Hotels allows guests and non-guests alike to access productive environments for video calls, networking, or brainstorming. Daily passes are available at INR 1,000, while a monthly membership costs INR 20,000, offering discounts on food, beverages, and stays. This thoughtful blend of work and leisure makes Minimalist Hotels ideal for modern travellers.Read more

28 Oct 2024

Suraj Estate Developers has raised INR 343 crore through a preferential allotment of equity shares (INR 243 crore) and convertible share warrants (INR 100 crore). The funds will support land acquisitions, working capital, and corporate expenses. The company issued 21,05,467 equity shares at INR 714 per share, increasing its paid-up capital to INR 23.88 crore. Additionally, 13,30,000 convertible warrants were issued at INR 750 per warrant, with 25% paid upfront. The promoter group's holding will dilute from 74.95% to 67.71%. This fundraising strengthens Suraj Estate's operational capacity and positions it for growth in the residential and commercial real estate segments.Read more

28 Oct 2024

Godrej Properties has acquired three acres in Vastrapur, Ahmedabad, to develop 0.9 million square feet of residential space, with an estimated booking value of INR 1,300 crore. The project offers diverse apartment configurations in a prime location with excellent connectivity and amenities. Additionally, Godrej emerged as the highest bidder for a group housing project in Kharghar, Navi Mumbai, and is planning a 6.54-acre development, offering around 2 million square feet of space. With an expected total revenue potential of INR 3,500 crore, these projects reflect the company's focus on strategic growth, addressing varied housing needs, and reinforcing its leadership in India's real estate market.Read more

28 Oct 2024

The stamps and registration department hosted a special camp at Eldeco Aamantran in Sector 119, Noida, where 81 flats were registered, generating INR 2.4 crore in revenue. The developer chose not to participate in the UP-government's rehabilitation scheme due to low outstanding dues. Homebuyers expressed joy at receiving their registration papers, likening it to an early Diwali celebration. Nikhil Singhal, president of the apartment owners' association, noted that 950 out of 1,260 flats had been registered, with 310 still pending. The department plans additional camps, with the next one scheduled for October 22 at Great Value Sharanam in Sector 107.Read more

28 Oct 2024

Iraah Lifespaces, a leading ultra-luxury villa developer, recently won two prestigious awards at the Business Excellence Awards 2024: Best Developer of the Year in Luxury Second Homes and Best Design Concept & Architecture. The awards were presented to founder Vikas Sutaria by actress Bhagyashree during a ceremony in Mumbai. Sutaria attributed the success to his team's dedication in creating exceptional living spaces that blend luxury with comfort. Known for its innovative designs in scenic locations like Alibaug and Lonavala, Iraah Lifespaces continues to set benchmarks in sustainable, high-quality villa development. The company remains a leader in crafting ultra-luxury homes that reflect elegance and modern aesthetics.Read more

25 Oct 2024

K Raheja Corp Homes successfully concluded the second edition of its 'WE WILL' initiative, part of the 'Royalty' program, which saw over 5,000 families participate in a donation drive across Mumbai, Pune, and Hyderabad. In collaboration with NGOs like Goonj, OM Creations Trust, and Ashray-Akruti, the initiative collected 750 pieces of clothing, 550 books, and 200 toys for underprivileged communities. An exhibition featuring festive decor made by individuals with special needs added to the event's success. K Raheja Corp Homes, known for its commitment to community and sustainable living, continues to foster social responsibility and positive change through its residential projects and philanthropic efforts.Read more