17 Oct 2024

DLF, India's largest real estate firm by market capitalization, is preparing to launch its most expensive project, DLF The Dahlias, on Golf Course Road in Gurugram. Featuring 400 residences priced from INR 80,000 per square foot, the average cost per apartment is expected to be around INR 100 crore. With a projected sales value of INR 34,000 crore, the project is set to surpass DLF's Camellias, another high-end development in the area. The Dahlias is anticipated to rival Mumbai's luxury projects, marking a new benchmark in India's luxury real estate market, attracting high-net-worth individuals to the NCR region.Read more

17 Oct 2024

Arvind SmartSpaces Limited (ASL), part of the Lalbhai group, has announced a joint development agreement for a new residential project on ITPL Road, Bengaluru, covering 4.2 lakh square feet with a revenue potential of INR 600 crore. This move reflects ASL's strategy to tap into Bengaluru's thriving real estate market, driven by its status as an IT hub and growing population. Kamal Singal, MD & CEO, highlighted the company's strong growth prospects with a cumulative business potential of INR 1,010 crore for the year. ASL's expansion into key markets like Bengaluru positions it well for continued success in India's resurgent real estate sector.Read more

17 Oct 2024

Puravankara reported pre-sales of INR 1,331 crore in Q2-FY25, a rise from INR 1,128 crore in Q1, with total pre-sales of INR 2,459 crore in H1-FY25. Customer-collections reached INR 1,033 crore in Q2, up 18% year-on-year, INR 1,998 crore for H1, up 27%. Average-price-realisation increased by 9% to INR 8,697 per sq-ft The company acquired 5.75 million sq-ft of saleable-land in Mumbai, Bengaluru, and Goa with a potential GDV of over INR 10,000 crore. It signed a JDA for a 1.95-acre plot in Electronics City and entered South Mumbai's luxury market.Read more

17 Oct 2024

The government-appointed board of directors at Unitech Group has issued a stern warning to homebuyers who are defaulting on payments, indicating that construction of their flats could be halted and allotments canceled if payments are not made promptly. After nearly a decade of stalled construction, work has resumed on several Unitech projects across cities like Noida, Gurgaon, and Bhubaneswar. However, inconsistent payment compliance is hindering progress. For example, projects in Greater Noida have seen only a fraction of the demanded payments, with some buyers opting to pay penalties rather than dues. Unitech has urged defaulting homebuyers to settle outstanding amounts or face severe consequences.Read more

16 Oct 2024

Keystone Realtors Ltd, operating under the Rustomjee brand, has reported a significant increase in pre-sales, reaching INR 7 billion in Q2 FY25, marking a remarkable 129% year-on-year growth compared to INR 3.06 billion in the same quarter last year. The company's total pre-sales for H1 FY25 stand at INR 13.11 billion, reflecting a 62% increase from the previous year. Keystone launched three new projects in Q2, adding a saleable area of 2.49 million sq ft and an estimated gross development value (GDV) of INR 20.40 billion.Read more

16 Oct 2024

Sheth Realty's maiden redevelopment project, Codename Younique, located in Sion, has achieved a sales of over INR 200 crore within 45 days of its launch. The project, an investment of INR 150 crore with a total estimated cost of INR 800 crore, marks the developer's entry into the redevelopment sector. Spread over two acres, it offers 350 premium 2 and 3 BHK units, complemented by retail outlets and a serene Ganesh temple. Developed in partnership with the Aakshya Group, its success is attributed to strategic pricing and flexible payment plans, appealing to first-time buyers, professionals, and families upgrading their lifestyles.Read more

16 Oct 2024

Ajmera Realty & Infra India Ltd (ARIIL) has announced its performance for Q2FY25, achieving impressive sales of INR 254 crore and collections of INR 133 crore. This reflects a 1% increase in sales and a significant 20% rise in collections year-on-year, showcasing the company's robust performance. The company saw strong demand across its diverse portfolio, which includes luxury projects like Ajmera Manhattan and Ajmera Prive, as well as affordable housing options such as Ajmera Vihara, which successfully sold 49% of its units. Looking ahead, Ajmera Realty plans to launch new projects in the second half of FY25, particularly focusing on the upcoming festive season.Read more

16 Oct 2024

WeWork India has unveiled its latest premium workspace, WeWork 37 Cunningham, located in one of Bengaluru's prime business areas. Spanning over 61,000 sq. ft. and housing 891 desks across four floors, this space stands out for its luxurious design, cutting-edge technology, and bespoke services. As Bengaluru grows as a hub for multinational corporations, the demand for world-class workspaces is rising. WeWork 37 Cunningham meets this need by offering a mix of elegance, functionality, and sustainability, making it a perfect choice for large enterprises and businesses.Read more

15 Oct 2024

Hero Realty, renowned for its innovative concepts, dedication to sustainability, and client-centric approach, celebrated Navratra by unveiling the new sales gallery for Phase 2 of Hero Homes Ludhiana. Channel partners and guests attended the event, which began with a traditional Havan Puja and continued with a brunch. The sales gallery provides a modern, immersive experience for potential homebuyers, showcasing the development's features through advanced technology. Phase 2 focuses on delivering smart, sustainable homes that cater to a balanced lifestyle. The Navratri celebration and the gallery's forward-thinking design reflect Hero Realty's commitment to building high-quality, innovative homes.Read more