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

12 Jun 2024

Mahindra Lifespace Developers Limited (MLDL) reveals the final phase of Mahindra Happinest Tathawade in Pune, reporting rapid sales in earlier phases. Tower A, offering 2 BHK units and duplexes, is part of this sought-after development in the PCMC area. MLDL introduces highway-facing offices and shops, enhancing resident convenience and reaffirming its commitment to thoughtful amenities. Positioned near the Mumbai-Pune highway and Hinjewadi IT hub, the project benefits from its strategic location. Designed for modern living, Mahindra Happinest Tathawade addresses post-pandemic lifestyle needs with unique amenities and efficient space utilization. Residents enjoy easy access to transit points, health facilities, and retail options, ensuring a holistic living experience.Read more

11 Jun 2024

Concorde Mayfair, a cutting-edge development in Yelhanka, Bangalore by Concorde, offers a holistic urban lifestyle. Spanning 3.35 acres, this project merges 217 carefully crafted 2 and 3 BHK residences with commercial units and retail outlets, creating a self-sufficient community. With 60%+ open spaces, residents can seamlessly live, work, and relax within this dynamic microcosm. The project features four 14-story towers, including a pinnacle 'Evolve' clubhouse on the 14th floor, providing unparalleled views and amenities. Emphasizing sustainability, Concorde Mayfair integrates eco-friendly practices and prioritizes connectivity, offering residents unmatched comfort and convenience in the bustling heart of Yelhanka.Read more

11 Jun 2024

Paras Buildtech's new project, "The Manor," in Gurugram's upscale Gwal Pahari, aims at luxury living with 120 expansive apartments, each 4,750 sq. ft, priced around INR 9 crore. With an INR 490 crore investment, The Manor addresses the growing demand for high-end housing. Construction begins soon, targeting an August 2028 completion. The development highlights Gurugram's rise as a luxury housing hub, driven by affluent residents. Paras Buildtech, renowned for delivering over 15 million sq. ft of residential and commercial spaces, expects a total revenue of INR 1,200 crore from this exclusive project.Read more

11 Jun 2024

RICL announces a significant preferential issue, securing INR 99 crores for strategic growth initiatives. CEO Manoj Punamiya emphasizes the company's commitment to redefining urban living through projects like Kalyan Marina, Juhu, and Kalyan APMC. Noteworthy investors, including Sunder Iyer and the Mangal Keshav family offices, join the venture. Proceeds from the issue will fund Kalyan Marina, set to generate INR 265 crores over three years. Discussions for projects in Juhu and Kalyan APMC are underway, projecting revenues of INR 150 crores and INR 300 crores, respectively. RICL's focus on quality and luxury underpins its vision for transformative urban developments.Read more

10 Jun 2024

As companies mandate return to office rules, demand for flexible workspaces is surging across major cities and tier 2 markets in India. Large enterprises, startups, and freelancers are increasingly opting for coworking and managed offices over traditional leases for their cost benefits and flexibility. Demand is coming up across sectors such as tech, IT/ITeS, professional services & consulting, health & pharma, manufacturing, food aggregators, BFSI, BPOs, GCCs, airlines and media. Major operators report 85-100% occupancy underscoring strong demand for these services. Experts attribute this trend to the ability of these workspaces to successfully fuse employee flexibility with cost benefits that bolster both individual and business performance in current market conditions.Read more

10 Jun 2024

A new report from property consultancy Anarock reveals that the number of skyscrapers over 40 floors tall in the Mumbai Metropolitan Region will grow by 34% between 2024-2030. There are currently 361 high-rise buildings in the MMR, with 154 completed so far and another 207 scheduled for completion in the next six years. Rising population levels and higher development densities permitted over the last decade are fuelling demand for tall buildings. The state government's recent reduction of premiums for additional constructed space is also encouraging more high-rise development among builders. South Central Mumbai currently has the most towers, though growth is projected across all areas in the coming years.Read more

07 Jun 2024

Manasum Group, one of India's fastest-growing senior living brands, has introduced "Banyan" at Godrej Royale Woods in North Bengaluru. This serene sanctuary for seniors offers a unique blend of luxury, comfort, and holistic wellness, setting a new benchmark for retirement homes in India. Strategically located just a 5-minute drive from the KIAL airport toll, Banyan features ready-to-move-in 1 & 2 BHK residences starting from INR 60 lakh onwards, designed to cater to the discerning needs of today's seniors. Spanning 13 acres, the Banyan project comprises 191 residences, while the Godrej Royale Woods project has a total of 1,678 units and features over 1,000 trees. Banyan's commitment to holistic living is evident through its comprehensive range of amenities aimed at ensuring the physical, emotional, and social well-being of its residents.Read more

07 Jun 2024

Sameera Group and Vedaanta Senior Living have partnered to develop senior living projects in Chennai, Bengaluru, and Vellore, with an investment of INR 500 crore to create 1,000 senior homes over five years. This collaboration combines Sameera's expertise in real estate development with Vedaanta's senior care knowledge to address the rising demand for high-quality, affordable senior living solutions in South India. The first project in Kancheepuram will set the standard for future developments, aiming to provide superior living environments for seniors.Read more

07 Jun 2024

Paranjape Schemes, a leading real estate developer in Pune, has successfully handed over 1,000 units across their projects in Blue Ridge Township, Forest Trails Township, and Wakad, covering a total carpet area of 450,000 square feet. This achievement underscores the brand's commitment to delivering quality homes to their customers. With these new additions, the company's presence in Pune has grown significantly, with over 5,000 units already delivered in Groves (Blue Ridge) and more than 2,000 residences in Athashri (Forest Trails). The company's premium project, The Broadway in Wakad, has also received a great response in the previous phase. These newly completed units are a testament to the company's dedication to exceptional execution and unwavering quality standards, solidifying its efficiency and reliability in the real estate sector.Read more