13 Sep 2024

The County Group, based in Delhi-NCR, has acquired development rights for a 7.9-acre land parcel in Gurugram's village Harsaru, Sector 88A, near the Dwarka Expressway, for INR 105 crore from Brock Developers Private Limited and Ashiana Landcraft Realty Private Limited. Perfect Megastructure Private Limited, a subsidiary of the County Group, will oversee the development. The County Group plans to develop a luxury housing project on this site. Additionally, they recently announced a INR 5,000 crore investment in the 'Ivory County' project in Noida, projected to generate around INR 7,500 crore in revenue.Read more

12 Sep 2024

NeoLiv has partnered with Royal Green Realty to develop a 20-acre township in Sonipat, with a gross development value exceeding INR 600 crore. This ambitious project will feature villas, independent floors, and plots, catering to diverse residential needs. The company is actively seeking new investment opportunities in greenfield, redevelopment, and brownfield projects, focusing on Mumbai and Delhi, with investments typically ranging from USD 10-20 million. In March 2024, NeoLiv successfully raised over INR 300 crore during the first close of its alternative investment fund (AIF), Inliv Real Estate Fund, supporting its ongoing expansion and development efforts.Read more

12 Sep 2024

Signature Global, a top real estate company in India, has strategically restructured its senior management team to align with its growth trajectory and enhance leadership. The company has expanded its Senior Management Personnel (SMP) team by promoting nine key senior resources, including Jayanta Barua (Head of MARCOM) and Varun Mehta (Group President of Operations). This restructuring aims to boost operational efficiency and foster innovation. By reinforcing its leadership, Signature Global is poised to navigate the evolving real estate market with agility and maintain its leading position in the industry.Read more

12 Sep 2024

Adarsh Developers is nearing a financial turnaround after repaying a INR 750 crore structured finance facility from Edelweiss Alternative Asset Advisors, initially raised in 2022 at over 20% interest. This repayment, supported by operational cash flow and cheaper bank refinancing, has reduced the company's cost of funds by 8-9 percentage points. Adarsh used part of INR 1,900 crore from a land sale to Mapletree Investments to settle a portion of the debt. The firm has also repaid INR 1,270 crore of debt over the last two years and continues to focus on residential and some commercial projects.Read more

11 Sep 2024

Eros Group is investing INR 400 crore to advance the development of Phase 3 of its Eros Sampoornam residential project in Greater Noida. Spanning 21,728 square metres, the project includes 11 towers with luxurious 2 and 3 BHK apartments. The company has already sold inventory worth INR 200 crore, reflecting strong buyer confidence. Located near the upcoming Aqua Line metro station, the project offers state-of-the-art infrastructure and modern amenities, including a gated community and a sophisticated community centre. Eros Sampoornam 3 promises to elevate living standards, blending luxury, comfort, and strategic convenience for its residents.Read more

11 Sep 2024

Landmark Group, a prominent real estate developer based in Gurugram, is gearing up to expand its business portfolio with a robust project pipeline. The company plans to invest INR 4,200 crore over the next two years to launch a mix of luxury, retail, and commercial projects in the thriving micro-markets of Gurugram. Landmark Group's upcoming projects include a group housing development along the Dwarka Expressway and a premium high street project in New Gurgaon, both slated for launch by the end of 2024. The company's diverse real estate portfolio includes townships, villa complexes, group housing, and mixed-use retail spaces, as well as co-working spaces.Read more

11 Sep 2024

Mumbai's Arbour Investments has forged a strategic partnership with Justo Realfintech through a USD 7 million investment, including USD 5 million in equity and USD 2 million in debt. This investment is designed to leverage Justo's innovative sales and marketing strategies along with Arbour's financial strength, enhancing service offerings and expanding market presence, particularly in the mid-market developer sector. The collaboration aims to integrate Justo's expertise with Arbour's capabilities, driving growth and innovation while improving project efficiency and client satisfaction.Read more

10 Sep 2024

WeWork India is set to lease over 400,000 square feet in Delhi and Gurgaon, expanding its footprint in response to rising demand for flexible workspaces. The company will occupy 148,000 sq ft at Prestige Trade Tower, 115,000 sq ft at Bharti Worldmark 6, and 140,000 sq ft at DLF Cyber City. This move aligns with a broader trend in the National Capital Region (NCR) where office leasing activity is increasing. Key developments by Prestige Group and Bharti Realty highlight the region's growing appeal for global businesses and the shift towards hybrid work models.Read more

10 Sep 2024

Shriram Properties Ltd, a division of the Shriram Group, plans to boost its sales and revenue over the next three years. They are focusing on mid-market housing projects and aim to double their sales and triple their revenue. The company has launched a new brand identity called SPLNxT to improve its image. Shriram Properties will invest INR 2,000 crore in new projects and expand their inventory. They are also planning to enter the Pune market and continue their strong presence in Chennai. Additionally, they will look into projects for senior retirement homes.Read more

10 Sep 2024

As Ganesh Chaturthi approaches, Group Satellite is celebrating with special, limited-time offers for homebuyers. Their project, Aarambh Avyaan, is presenting 1 BHK homes starting at an all-inclusive price of INR 54.50 Lacs. Buyers can secure a home with a 10% down payment plus Stamp Duty, enjoying financial freedom throughout 2024. Each purchase includes a 10 GM Gold Coin and a Modular Kitchen. This offer is valid until September 18, 2024. According to Mr. Himanshu Jain, the festive season is an opportune time for home investment, and Group Satellite's deals align with ongoing infrastructure developments in Mumbai.Read more