10 Oct 2024

Experion Developers, a subsidiary of Singapore-based Experion Holdings, has achieved a significant milestone with the complete sell-out of Phase 1 of their flagship luxury residential project, Experion Elements, located in Sector 45, Noida. The project generated INR 900 crore in sales, highlighting the demand for premium homes in the region. Featuring cutting-edge amenities such as EV charging stations, a cineplex, and a pickleball court, Experion Elements stands out as a prime example of modern, sustainable urban living. Following this success, the launch of Phase 2 is eagerly anticipated.Read more

10 Oct 2024

Birla Estates, a subsidiary of Aditya Birla Real Estate Limited, has achieved remarkable success with Phase II of its Birla Trimaya project, selling 95% of its inventory within 24 hours and securing bookings worth INR 600 Crore. This follows the strong performance of Phase I, which garnered INR 500 Crore in 36 hours. The entire 52-acre project, located in North Bengaluru, is expected to generate around INR 3,000 Crore in revenue. Birla Estates continues to expand across key Bengaluru markets with various premium projects.Read more

10 Oct 2024

Macrotech Developers reported 21% year-on-year growth in pre-sales for Q2 FY25, achieving INR 42.9 billion. For the first half of FY25, pre-sales reached INR 83 billion, maintaining 21% YoY growth, keeping the company on track to meet its full-year pre-sales growth-target of 20%. Collections for Q2 FY25 grew 11% YoY to INR 30.7 billion. The company added four projects in Pune and Bengaluru with a gross development value (GDV) of INR 55 billion. Macrotech's business development in H1 FY25 reached INR 166 billion, 75% of its annual target, while its net debt stands at INR 49.2 billion.Read more

10 Oct 2024

Jenika Ventures hosted a successful "Meet and Greet" event at Radisson Blu Hotel, Ranchi, showcasing investment opportunities with M3M, a leading North Indian developer. The event attracted over 100 attendees, including business professionals and politicians, and was widely promoted across Ranchi. Key representatives from both companies expressed enthusiasm for the collaboration and future plans for expansion in the real estate sector.Read more

09 Oct 2024

Xanadu Realty, in collaboration with Delta Group, Bhagwati Group, and Pyramid Group, has announced Celestria, a premium residential project in Airoli, Navi Mumbai. Spanning 1 million square feet and valued at INR 1,800 crore, the development will offer nearly 1,000 units of 2BHK, 3BHK, and 4BHK homes. With prices ranging from INR 1.4 crore to INR 4 crore, Celestria is set to redefine luxury living in Navi Mumbai, combining innovative design and quality construction in one of the city's prime residential hubs.Read more

09 Oct 2024

iSprout, a prominent player in the managed office space industry, has leased an additional 1 million square feet of workspace in key locations across Hyderabad, bringing its total managed space in the city to 1.7 million sq. ft. This expansion includes prime spots like SAS iTower, iSprout Tower at Minaas, and Trendset Jayabheri Connect. The move underlines iSprout's commitment to providing modern, flexible workspaces that cater to the growing demand for innovation and productivity, positioning the company for continued growth by 2025.Read more

09 Oct 2024

NBCC (India) is set to lead the SIDBI Vashi redevelopment project, valued at INR 142 crore, following the signing of a memorandum of understanding (MoU) with SIDBI. The agreement includes comprehensive planning, design, and architectural services. In its recent financial report, NBCC announced a 38.47 per cent increase in net consolidated profit for the quarter ending on 30 June 2024, reaching INR 107.19 crore, compared to INR 77.41 crore in the same period last year. Additionally, the company's net consolidated total income for Q1 FY25 was INR 2,197.83 crore, reflecting an 11.34 per cent growth year-on-year.Read more

09 Oct 2024

The groundwater department has directed the AOA of Amrapali Leisure Valley in Greater Noida West to close all private borewells within 15 days and submit a compliance report, following the discovery of 50-60 unauthorized borewells. The society, which has around 800 villas but lacks a completion certificate and a water connection from GNIDA, relies on eight shared borewells for water. Ankita Rai from the groundwater department confirmed these borewells will remain operational, while individual villa owners' borewells will be decommissioned. The AOA asserts that only NBCC, responsible for water supply, should be held accountable. Decisions on fines are pending.Read more

08 Oct 2024

Kanakia Spaces, a real estate developer, has announced plans to invest over INR 1,100 crore in the redevelopment of two large housing societies in Borivali, Mumbai. Spanning 3.3 acres, the project holds potential for over 1.2 million sq ft of development, with a projected value exceeding INR 1,500 crore. The project will begin within six months and is expected to be completed in four years. Despite challenges such as tenant disputes and regulatory hurdles, redevelopment projects remain a key growth area in Mumbai's land-starved real estate market.Read more

08 Oct 2024

Max Estates Limited has launched its first residential project, Estate 360, in Gurugram. In just 30 days, the project reached an impressive pre-sales booking value of INR 4,100 Crore. This exceeded the FY 25 target of INR 4,100 Crore. Estate 360 is the first intergenerational residential community in Delhi NCR, designed to cater to different generations. It offers over 60 amenities and focuses on sustainability, providing a unique living experience for its residents. Estate 360 features facilities designed for all age groups, including senior living spaces managed by Antara Senior Living.Read more