17 Jun 2024

Residents of Chitra Cooperative Housing Society in Chembur celebrated paying off an INR 20 crore bank loan after independently redeveloping their building themselves. They completed construction faster and at a higher quality than offered by private builders. Originally consisting of 12 flats averaging 450 sqft each, the new 19-story tower designed by T Khareghat contains 56 flats, with each member receiving 1,150 sqft generating significant rental income. They repaid the loan within 6 months of moving in, setting an example for other housing societies undertaking redevelopment. The event was attended by housing activist Chandrashekhar Prabhu and MLA Bacchu Kadu, who was interested in understanding their novel self-redevelopment model.Read more

17 Jun 2024

Raymond, a leading textile and apparel company, is undertaking a major expansion by raising INR 25,000 crore to boost its real estate ventures and open 300 new stores by FY25. The company is also negotiating joint real estate contracts worth INR 5,000 crore, further supporting its ambitious growth plans. Through its real estate activities Raymond raised INR 25,000 crore. These strategic initiatives aim to enhance Raymond's market presence and drive significant business growth, showcasing its commitment to expanding its footprint and redefining its industry position. Through this bold expansion, Raymond is poised to achieve remarkable success and strengthen its leadership in the market.Read more

14 Jun 2024

Thane's skyline is set for a transformation with the launch of "Ashar Merac," a residential project by the Ashar Group. Spanning 11 acres, with the first phase covering 4 acres, it offers over 2,000 1, 2, and 3-bedroom residences. Designed by architect Hafeez Contractor, these homes boast expansive living spaces and balconies, blending style with functionality. With amenities spread across three levels, including jogging tracks, mini-golf courses, and a massive swimming pool dubbed "The Oasis," residents will find everything they need for leisure and relaxation. Positioned in Shree Nagar (MTC), residents will enjoy easy access to nature and excellent connectivity via the Mumbai Metropolitan Region network, making it a prime investment opportunity in Thane's booming real estate market.Read more

14 Jun 2024

Nearly 20,000 homebuyers in Noida have positive news as construction on stalled Jaypee Wish Town projects resumes. Suraksha Group, which won the bid to take over Jaypee Infratech Ltd (JIL), has started work after a National Company Law Appellate Tribunal (NCLAT) decision on May 24, 2024. The tribunal upheld the takeover plan and directed Suraksha to pay INR 1,335 crore to the Yamuna Expressway Industrial Development Authority (YEIDA) for farmers' compensation within four years. With a new board and a working capital infusion of INR 3,000 crore, Suraksha aims to deliver homes within 3 to 3.5 years.Read more

14 Jun 2024

The Godrej Group announced an internal restructuring, with Godrej Properties Limited selling a 5% stake in its subsidiary, Godrej Green Homes, to Godrej Fund Management and Investment Advisors for INR 46.7 crore. This transaction frees up significant capital for Godrej Properties to invest in new developments or strengthen existing projects. It underscores the group's proactive investment strategy within the real estate sector, valued at INR 1,914.82 crore. The sale also emphasizes the growing focus on sustainable living, positioning Godrej Green Homes as a key player in eco-friendly housing within the portfolio.Read more

13 Jun 2024

Brigade Enterprises capped off a successful FY24 with record residential pre-sales of INR 7,601.25 crore, a 6% year-on-year increase. The company also reached its highest-ever collections of INR 15,915.1 crore. In the coming year, Brigade plans to launch 12.6 million square feet of new residential projects in Bengaluru, Hyderabad, and Chennai, aiming for a potential gross development value of INR 7,130 crore. Additionally, Brigade's office spaces saw net absorption surpassing 1 million square feet and a 97.5% occupancy rate. The company expects a 15-16% growth in rental income for FY25.Read more

13 Jun 2024

Runwal has revealed "Breeze," a new residential tower within its Runwal Lands End project in Thane's Kolshet area. Offering over 500 Vaastu-compliant 1 and 2-bedroom apartments, priced between INR 62 lakh and INR 1.10 crore, "Breeze" prioritizes space, privacy, and stunning views of 1,600 acres of greenery and the Ulhas River. The 10-acre Runwal Lands End features 70% open space and over 70 resort-style amenities, including a multi-layered clubhouse, putting green, sunrise gazebo, swimming pool, and a massive vehicle-free podium. Strategically located in Thane, Kolshet combines serenity with excellent connectivity and infrastructure, making it an attractive residential option.Read more

13 Jun 2024

Raheja Developers relaunches the "Surakshit Nivesh Yojna Scheme" for their Delhi Mall Complex on Main Patel Nagar Road after the success of its initial phase. Investors can choose between two payment plans tailored to their budget, offering flexible payment options spread throughout the construction process. With minimum investments starting from INR 32.46 lakh, the scheme includes special benefits for senior citizens and women. Located in a prime area with easy access to prominent locations, the mall's completion is poised to attract national and international brands, promising good rental income and potential capital appreciation for investors. Registration closes on June 20th, 2024, with unit allocation through a draw on June 23rd.Read more

12 Jun 2024

In FY24, 18 major listed real estate developers in India sold properties worth INR 1.17 lakh crore, driven by strong demand for residential properties, especially luxury homes. Godrej Properties led with sales of INR 22,527 crore, followed by Prestige Estates at INR 21,040 crore and DLF at INR 14,778 crore. The combined sales bookings rose 33% from the previous year. This rise is attributed to post-COVID housing demand and a shift towards trusted brands. Significant performers included Macrotech Developers, Signature Global, Sobha Ltd, and Brigade Enterprises, highlighting robust pre-sales in major cities across India.Read more

12 Jun 2024

Puravankara Limited's strategic land acquisitions and redevelopment initiatives mark a significant transformation in Mumbai's real estate scene. With the acquisition of a 12.75-acre land parcel in Thane's Patlipada area and redevelopment projects in Lokhandwala and Pali Hills, the company aims to create over INR 7,500 crore in Gross Development Value (GDV). These ventures promise modern living spaces, enhanced connectivity, and revitalized neighbourhoods. Puravankara's multi-pronged approach positions them as a major player in Mumbai's residential market, offering diverse housing options and reshaping the city's skyline for years to come.Read more