03 Oct 2024

Shriram Properties Ltd has launched "Codename Pudhiya Chennai," a RERA-approved apartment project in the Thirumazhisai area, to the west of Chennai, with a revenue potential of INR 550-600 crore. Spread across 1.1 million square feet, the project offers two- and three-bedroom vastu-compliant apartments with modern designs and premium finishes. It includes various amenities such as a fitness centre, clubhouse, and landscaped spaces. Strategically located near major transport hubs, including the Thirumazhisai Metro, Chennai-Bangalore Expressway, and the upcoming Parandur Airport, the project promises excellent connectivity and long-term investment value, catering to the evolving needs of Chennai residents.Read more

03 Oct 2024

Over 1,200 LIG and 440 EWS flats were sold under DDA's Sasta Ghar and Madhyam Vargiya Housing schemes, with significant sales in locations like Ramgarh, Rohini, and Narela. Since bookings began on September 10, all HIG flats in Jasola sold out on the first day, and strong demand was seen in Dwarka, where various flats were auctioned. Launched in August 2024 under Delhi LG Vinai Kumar Saxena, these schemes aim to provide affordable, quality housing while enhancing community life with green spaces. Buyers benefit from organized property documents and available sample flats for informed decision-making.Read more

02 Oct 2024

WeWork has leased a total of 143,000 square feet of office space at Embassy Golf Links Business Park in Bengaluru to IBM and OpenText. IBM secured 73,000 sq. ft., while OpenText took 70,000 sq. ft., both for two years. The growing demand for managed office spaces, particularly from the IT sector, is driving these transactions. Recent reports indicate that flexible office space in India reached 58 million square feet in the first half of 2024, with the IT sector accounting for half of the total absorption. IBM also renewed a separate lease for 830,000 sq. ft. in Bengaluru.Read more

02 Oct 2024

Century Real Estate, a prominent player in Bengaluru's real estate landscape for over five decades, has revealed a striking achievement with its new project, Codename Built Rare, in Indiranagar, securing INR 450 crores in sales during its pre-launch phase. Spanning 8.5 acres, this opulent development features 347 luxurious residences and an impressive array of amenities. With anticipated revenues of INR 2200 crores, it is set to redefine high-end living in one of the city's most coveted areas.Read more

02 Oct 2024

Navratri, one of India's most anticipated festivals, symbolises the triumph of good over evil and offers developers a chance to attract homebuyers with special promotions. Tridhaatu Realty and Group Satellite present exciting limited-time offers on luxury apartments, featuring favourable payment plans and modern amenities. These opportunities make investing in dream homes particularly appealing amid rising property prices and interest rates.Read more

02 Oct 2024

The Rail Land Development Authority (RLDA) has announced bids for a prime railway land parcel of over 10,000 square meters in Mahalaxmi, offering immense potential for high-end residential projects, luxury hotels, and Grade-A office spaces. The site, with a reserve price of INR 805 crore and an FSI of 4.05, is expected to stimulate economic growth and transform Mumbai's skyline. Featuring dual-road access, it is suitable for diverse developments. RLDA officials anticipate strong competition, as the successful bidder will create a landmark project that sets new standards for luxury and innovation in the city's real estate market.Read more

01 Oct 2024

Puravankara, a prominent real estate developer in India, is expanding its commercial portfolio by acquiring 2.3 acres of land in Bengaluru for approximately INR 135 crore. The company aims to develop 3 million square feet of office space over the next four to five years, anticipating rental income growth to INR 500 crore. Recently, they announced plans to acquire 20 million square feet of land by the financial year's end, focusing on both outright purchases and redevelopment to boost residential and commercial project launches in major markets like Mumbai, Bengaluru, and the Delhi-National Capital Region.Read more

01 Oct 2024

NBR Group, a Bengaluru-based real estate developer, has acquired a 9.65-acre land parcel in the Sarjapur-Mullur suburb to develop a high-rise residential project covering 9 lakh square feet, projected to generate over INR 1200 crore. This area is rapidly gaining popularity due to its strategic location and ongoing infrastructure improvements, attracting tech professionals and families seeking affordable housing options. Meanwhile, Bengaluru's residential market is booming, with a 30% increase in home sales value in Q2 2024, reflecting sustained demand from buyers and investors alike.Read more

01 Oct 2024

Max Estates Limited has successfully completed a transaction with New York Life Insurance Company, which acquired a 49% stake in Max Towers and Max House (Phase I & II) for INR 391 crore. This marks a significant milestone in their partnership, with New York Life now committing a total of INR 1,200 crore to Max Estates. The capital infusion enhances Max Estates' ability to expedite growth across commercial and residential real estate sectors. With plans to allocate funds towards expanding into the residential market, the company aims to acquire at least 3 million square feet of development opportunities annually in the NCR region.Read more

30 Sep 2024

Prestige Group, a leading real estate developer, has introduced its new luxury project, 'Prestige Pine Forest', in Whitefield, Bangalore. With sales potential estimated at INR 1,100 crore, the project offers spacious 3 and 4 bedroom apartments designed for comfort, privacy, and luxury. Located near IT parks and top schools, it provides excellent connectivity for professionals and families. Prestige Pine Forest features green spaces and premium amenities, setting a new standard for upscale living in Bangalore.Read more