18 Sep 2024

Raymond, a leading textile and apparel conglomerate, has approved significant investments to support the growth of its real estate subsidiaries, Ten X Realty West and Ten X Realty. The board has approved investments of up to INR 100 crore and INR 50 crore, respectively, in the form of redeemable preference shares to fund redevelopment projects. Additionally, the board has re-appointed Ashish Kapadia as an independent director for a second term and appointed Harmohan Sahni, the current Business CEO of the Realty Business, as an executive director. These decisions demonstrate Raymond's commitment to expanding its real estate footprint and strengthening its leadership team to drive long-term success.Read more

18 Sep 2024

Sushma Group has acquired a 59-acre land parcel in Ludhiana for a mixed-use development, featuring residential, industrial, and commercial plots. This project aims to enhance Ludhiana's real estate landscape, leveraging the Ajmeri-Ludhiana Economic Corridor's improved connectivity. With features like medical facilities, green spaces, and infrastructure for fast airport connectivity, the initiative supports Ludhiana's economic growth. Prateek Mittal, Sushma Group's Executive Director, emphasized its role in transforming Ludhiana into a key hub for commercial and industrial activities, fostering sustainable development and elevating the city's economic landscape.Read more

17 Sep 2024

Prestige Exora Business Parks, a subsidiary of Bengaluru's Prestige Estates, has acquired a prime 4.57-acre land parcel in Pune's fast-growing Kharadi area for INR 200 crore. The deal, finalized in April 2024, marks Prestige's expansion into Pune's booming real estate market. Kharadi, known for its IT parks, corporate offices, and upscale residential developments, has become a hub for land investments due to its proximity to Pune's IT corridor and excellent connectivity via the Pune-Mumbai Expressway. Prestige's acquisition from B U Bhandari M&M Real Estate agents aligns with its strategy to capitalize on Pune's dynamic housing and commercial sectors.Read more

17 Sep 2024

The Hive Hostels plans to expand its student accommodations by adding 3,000 beds by FY 2025 with an INR 10 crore investment. To streamline operations and prepare for its upcoming IPO, the company has partnered with Crib, a leading property management software platform. Operating across 10 cities with 20 properties, The Hive recently raised INR 11.5 crore in a pre-IPO funding round. The company is also launching Aurus-Luxury Student Residences, offering 450 premium beds, with plans for 1,000 more. Crib's technology will enhance operational efficiency, supporting The Hive's growth and focus on high-end student housing.Read more

17 Sep 2024

Aranyakaa Farms has launched H2O -Harvesting a Brighter Tomorrow, a 61-acre sustainable farmland project near Bangalore. Designed to address the city's water shortage, H2O integrates innovative conservation techniques, including rainwater harvesting pits, recharging wells, and a two-and-a-half-acre man-made lake. Located in the soon-to-boom Hosur Economic Corridor, the project blends eco-friendly designs like a sustainable clubhouse, Gaushala, and Biopool. With a focus on long-term water security, H2O promotes sustainability while offering significant investment potential.Read more

16 Sep 2024

State-run NBCC has proposed a three-phase plan over three years to complete 50,000 Supertech flats in the NCR across 17 projects. The cost is estimated at INR 9,500 crore, with receivables pegged at INR 16,000 crore, mainly from unsold inventory. NBCC seeks NCLAT's approval to enter as project management consultant, requiring an initial INR 100 crore. It also proposes a committee to oversee project execution and finances. NBCC's involvement, following its success with Amrapali projects, has garnered homebuyer support, especially as Supertech's promoter faces insolvency and legal issues. NBCC will charge 8% fees and 1% marketing fees.Read more

16 Sep 2024

Signature Global has partnered with Ahluwalia Contracts for an INR 1,144 crore contract to develop its first luxury residential project, "De-luxe DXP," in Gurugram's Sector 37D. The project aims to redefine luxury living with sustainable design, exceptional amenities, and top-tier construction. Spanning 16.65 acres, it will feature 1,008 units across eight towers, including apartments and penthouses. The project has received positive responses, particularly from NRIs and professionals, recording INR 3,600 crores in presale bookings. With IGBC Gold Rating and features like swimming pools, clubhouses, and retail spaces, De-luxe DXP promises modern living with excellent connectivity and sustainability.Read more

13 Sep 2024

Jashn Elevate by Jashn Realty spans 10 acres, delivering a lavish lifestyle and an exceptional living experience. This RERA-approved project, valued at INR 820 crores, has already experienced a 20% increase in property value, with expectations of a 50% increase next year. Featuring over 56 modern amenities, including high-tech fitness centers, swimming pools, and serene green spaces, the development caters to diverse lifestyle needs. Strategically located on Sultanpur Road, it provides seamless access to key city areas. Jashn Realty also offers in-house financial assistance, ensuring a seamless homebuying process for potential residents.Read more

13 Sep 2024

AIPL, a leading realty developer, is aggressively expanding its rental portfolio, aiming to reach nearly 5 million square feet by 2025. This ambitious plan will see the company's portfolio nearly quadruple in size, driven by strong demand for high-quality office spaces in key markets like Delhi-NCR and Punjab. AIPL's flagship project, AIPL Masterpiece, has already attracted prominent corporates like Perfetti and Samman Capital, demonstrating the company's commitment to providing modern infrastructure and world-class amenities. This expansion aligns with the robust demand for office space across India, as evidenced by the recent surge in leasing volumes and supply additions in major cities like Bengaluru, Mumbai, Delhi NCR, and Hyderabad.Read more

13 Sep 2024

ATS Realty, a prominent developer, has recently cleared INR 130 crores in outstanding dues to the Yamuna Expressway Industrial Development Authority (YEIDA), enabling the commencement of a 100-acre township development near the upcoming Noida International Airport. This payment was made in accordance with the Amitabh Kant committee's recommendations, which granted developers a deadline of August 31st to clear 25% of their outstanding dues and additional farmer compensation. The committee's report is seen as a significant step towards reviving stalled projects and boosting investor confidence in the sector. A revival in the housing and construction sector is also vital for boosting the overall economy.Read more