24 Sep 2024

Belicia, a luxury residential project in Thane, developed by Prescon Group and House of Hiranandani, generated over 200 crores in Q1 FY 2024-25, selling more than 80 units. The 48-storey tower, offering 2, 3, and 4 BHK apartments, redefines upscale living with modern amenities and prime location advantages. Set for possession in June 2028, Belicia enjoys proximity to key transport, educational, and healthcare facilities. A report by Prop Equity highlights Thane's robust real estate market, supported by infrastructure projects like the Thane Integral Ring Metro Rail, boosting growth and investment potential.Read more

23 Sep 2024

TREVOC Group has launched TREVOC Royal Residences in Sector-56, Gurugram. This high-end residential project is expected to generate INR 1000 Crore in revenue and features 172 luxury apartments spread across 27 floors. It offers cutting-edge design, a top-tier clubhouse, and a Skydeck with sweeping views. Emphasizing TREVOC's 75-year legacy, the project integrates innovation, functionality, and sustainability. The company is also set to deliver over 5 million square feet of residential space and 1 million square feet of commercial space, alongside plans to develop 75-100 acres of land for future projects.Read more

23 Sep 2024

Bric-X Infra, a leading player in the real estate industry, is celebrating its 5th anniversary, a milestone that reflects its remarkable growth and commitment to excellence. The company plans to expand its footprint in the Delhi NCR region, launch new verticals in the commercial real estate and luxury residential segments, and introduce a specialized venture to cater to the growing demand from Non-Resident Indians (NRIs) for both residential and commercial real estate investments in India. With its strategic expansion plans, diversified offerings, and dedicated service for NRI clients, Bric-X Infra is set to solidify its position as a dominant force in the dynamic real estate market.Read more

20 Sep 2024

Unitech is set to resume its long-delayed housing projects in Noida following the Noida Authority's approval of a revised layout in June 2023, per a Supreme Court directive. Last week, a bhoomi puja was conducted for the Express City project in sectors 96, 97, and 98. The revised plan includes seven towers in Amber, seven in Burgundy, and 397 plots in The Willows, with a mix of residential, recreational, and institutional spaces. Unitech aims to complete these projects within 26 to 36 months, addressing delays and rebuilding buyer confidence.Read more

20 Sep 2024

VTP Realty has expanded internationally with its first sales office in Dubai, targeting NRIs in the GCC region who are interested in investing in Pune real estate. This new office offers direct access to VTP's renowned portfolio of high-quality projects in Pune, streamlining the investment process for NRIs. The expansion features convenient services like flexible payment plans and E-Registration, allowing clients to complete transactions without travelling to India. This move highlights VTP Realty's dedication to enhancing global accessibility and solidifies its ambition to offer premier Pune properties to a worldwide audience.Read more

20 Sep 2024

Table Space has acquired 500,000 sq ft of office space at Kalyani Camellia in Whitefield, Bengaluru, for approximately INR 500 crore, marking its second owned asset in the city. Founded in 2017, the company specializes in custom and managed office solutions, operating over 60 centers in seven Indian cities with more than 9.5 million sq ft of workspace. Post-COVID, demand for flexible workspaces has surged as companies adopt hybrid models. This acquisition follows Table Space's earlier purchase of Panchshil Towers in Pune and underscores Bengaluru's importance, contributing 46% of the company's revenue. The expansion solidifies Table Space's leadership in India's flexible workspace market.Read more

19 Sep 2024

315Work Avenue has expanded its presence by leasing 56,000 square feet of office space at International Tech Park Pune (ITPP), following a previous lease of 44,000 square feet in the same tech park. ITPP, a Grade A technology park developed by Ascendas-Singbridge, spans 2.5 million square feet. With six centers across 0.6 million square feet in Pune, 315Work Avenue now offers around 12,000 workstations. The company manages a total portfolio of approximately 2.5 million square feet and 50,000 workstations in Bengaluru, Chennai, Mumbai, and Pune, with plans to expand into New Delhi & NCR and Hyderabad.Read more

19 Sep 2024

House of Hiranandani is expanding its presence in Mumbai's redevelopment sector, signing projects covering 17 lakh sq. ft. with a Gross Development Value of INR 5,000 crore. The company has entered into agreements with five housing societies in Chembur, planning to invest INR 3,200 crore. These projects include the redevelopment of Maitri Park and Shrinagar Society. With a legacy of over four decades, House of Hiranandani focuses on transforming old, congested areas into sustainable communities. The company also plans to explore other Mumbai locations for redevelopment while maintaining its commitment to excellence in design and environmental responsibility.Read more

19 Sep 2024

Puravankara Limited has expanded its portfolio with new redevelopment projects in Breach Candy and Andheri West, enhancing their role in Mumbai's real estate sector. Rajat Rastogi, CEO - West & Commercial Assets, emphasised the company's commitment to design excellence and timely delivery, reinforcing their reputation as a trusted partner for redevelopment projects. Additionally, in Bengaluru, Puravankara has signed a Joint Development Agreement for a 1.95-acre site in Electronics City, near the Kudlu Gate Metro Station. This project, with a saleable area of 260,000 square feet, is strategically positioned near essential infrastructure, with current market rates ranging from INR 12,000 to INR 14,000 per square foot.Read more

18 Sep 2024

BHIVE Workspace has leased 77,000 square feet of grade-A office space from Address Maker on CMH Road, Indiranagar, Bengaluru, for INR 8.5 crore annually. This new space will accommodate over 1,500 seats and feature various amenities like boardrooms, recreational zones, and dedicated parking. In August 2024, BHIVE also leased 42,000 square feet in Mahadevapura, Bengaluru, following a 62,000 square feet expansion in Mumbai's Bandra-Kurla Complex. Aiming for INR 348 crore in revenue for FY25, BHIVE plans to add 3 million square feet by FY26, solidifying its position as a leader in flexible workspaces across India.Read more