08 Oct 2024

Godrej Properties, a leading real estate developer in India, has a strong presence in major markets like Delhi-NCR, MMR, Pune, and Bengaluru, with a recent entry into Hyderabad. In the last fiscal year, the company's sales bookings surged 84% to a record INR 22,527 crore, the highest among listed realty firms in 2023-24. It aims to achieve INR 27,000 crore in sales bookings. In the first quarter of this fiscal year, sales bookings grew nearly fourfold to INR 8,637 crore compared to the same period last year.Read more

08 Oct 2024

The Southern Regional Conference (SRC) 2024, hosted by The Indian Institute of Architects (IIA) Kerala Chapter, will be held on November 29-30 at Vythiri Village Resort, Wayanad. Themed "Bridging Binaries," the conference will focus on the relationships between architecture, humanity, and innovation. Key discussions will revolve around "Humanity and Society" and "Humanity and Innovation," featuring esteemed speakers, exhibitions, and engaging activities that celebrate architecture and regional culture.Read more

07 Oct 2024

91Springboard, a pioneer in coworking spaces in India, has opened its third hub in Hyderabad's HITEC City, increasing its total workspace to 1,40,000 sq. ft across the city. Located at Raheja Commerzone Hetero Tower, this 48,000 sq. ft hub offers customised office solutions for businesses of all sizes, blending flexible spaces with cutting-edge design and amenities. With its strategic location and exceptional services, the hub aims to cater to the evolving needs of modern enterprises and professionals while enhancing their work experience.Read more

07 Oct 2024

The National Company Law Appellate Tribunal (NCLAT) has approved Supertech's resumption of the Doon Square project in Dehradun, following a settlement with Bank of Baroda and co-developer EBI Projects. The project, which plans to build 750 units, will be completed within 515 days, with only 150 units currently handed over. EBI Projects has made an upfront payment of INR 75 lakh, with further payments structured over the next year. Homebuyers have also consented to the project's continuation, indicating strong stakeholder support. NCLAT noted no existing disputes, paving the way for Supertech to proceed with construction.Read more

07 Oct 2024

Roha Realty has rebranded as Vida Realty, aiming to enhance consumer trust and personalise the home-buying experience. The name 'Vida,' meaning life in Spanish, reflects the company's commitment to uplifting residents' living standards. The new logo symbolises the five elements of life and encapsulates five core commitments. Vida Realty will continue its legacy while focusing on sustainable living and modern construction techniques, including an exclusive Buy Back Guarantee, and plans to launch major projects across Mumbai.Read more

04 Oct 2024

Emerald Haven Realty, a wholly owned subsidiary of TVS Holdings, has strategically acquired two prime land parcels in Bengaluru and Chennai, with a combined revenue potential of INR 900 crore. The first parcel, a four-acre site in Thanisandra, Bengaluru, offers a tentative saleable area of 0.5 million sq ft, while the second parcel in Padur, Chennai, presents promising development opportunities. These acquisitions reflect the company's commitment to capitalising on the growing demand for quality real estate in key urban areas, positioning itself as a significant player in the evolving Indian real estate market.Read more

04 Oct 2024

Creditors of Lavasa Corp, India’s first private hill town project, have introduced stricter eligibility criteria for potential bidders after a failed sale attempt earlier this year. Led by Union Bank of India (UBI), 77% of lenders have agreed to require a net worth of INR 100 crore and a refundable deposit of INR 25 lakh for expressions of interest. A new resolution professional and process advisor are expected to replace current overseers. The National Company Law Tribunal recently revived the insolvency process after Darwin Platform Infrastructure failed to implement the approved resolution plan, leaving creditors seeking a fresh approach to secure a buyer.Read more

04 Oct 2024

Excentia Infra, a leading real estate developer, has unveiled Excentia Tatva, Dehradun's first ultra-luxury residential project, nestled in the serene surroundings of Rajpur Road. Spanning across 5 acres, this exclusive low-density development features only 307 premium units, with the company investing a staggering Rs 650 crores in this prestigious project. The project has already received RERA approval. The project features world-class amenities and is strategically located near prominent landmarks like Max Super Speciality Hospital and Taj Hotel.Read more

04 Oct 2024

The redevelopment of Worli's BDD chawls is progressing, with around 550 flats near completion. MHADA began work on 14 structures in 2021, with six buildings under construction and two almost finished. Originally slated for completion in 2025, the project could now wrap up by January 2025. While the redevelopment aims to provide modern housing for 9,689 residents, current tenants are facing severe hardships, including health issues, sewage problems, and power outages. Despite these challenges, officials have assured residents that they will be relocated to the new apartments soon, with some already receiving rent assistance during construction.Read more

03 Oct 2024

Bhumika Group, a renowned real estate developer and the largest mall developer in Rajasthan, has entered the Gurgaon market with a new commercial project on MG Road. Acquiring a 1-acre land parcel, the Group aims to generate approximately INR 300 crore in revenue. This move aligns with their plan to expand their retail footprint in Delhi NCR, with 8.5 lakh sq. ft. of space expected by 2024. The project will feature premium retail, dining, and entertainment options, following the success of their Urban Square Mall in Udaipur.Read more