15 May 2024

Casagrand HolaChennai is a 30-acre luxury township launched by Casagrand in Sholinganallur, Chennai. Housing 1818 apartments, villas and signature villas, it offers over 160 high-end amenities aimed at supreme comfort, leisure and community living. Priced starting INR 4599/sqft versus the market rate of INR 6500/sqft, it provides great value. Strategically located opposite Infosys with proximity to IT parks, schools and hospitals, the area is poised for growth. Tailored amenities for families, kids and seniors promise a luxurious lifestyle unmatched in the locality. Casagrand HolaChennai is set to become the benchmark for luxury living for discerning homebuyers in Chennai.Read more

15 May 2024

Several leading real estate developers in Mumbai launched attractive promotional offers and schemes during the recent Akshaya Tritiya festival to take advantage of the positive sentiment around property purchases and further increase home sales. Traditionally considered an auspicious time for major investments like property buying, housing companies introduced exciting games, lucky draws, cash discounts and other incentives at some of their key projects to leverage the festive spirit of Akshaya Tritiya and ride the ongoing growth momentum in the real estate sector.Read more

14 May 2024

The House of Abhinandan Lodha (HoABL) introduces One GOA, a revolutionary 130-acre luxury development in Bicholim, Goa, emphasising sustainability and opulent living. Featuring a 5-star hotel, expansive clubhouse, and a sprawling man-made beach, One GOA epitomises harmonious living amidst lush greenery. Designed by Enzyme architects, the project offers state-of-the-art amenities, including gyms, cafes, and a multi-cuisine restaurant. With Goa's infrastructure growth and improved connectivity, One GOA presents a lucrative investment opportunity. Committed to sustainability, the project boasts a carbon-negative status with over 3,000 trees planted. HoABL's portfolio spans 18 million sq. ft. across strategic locations in India, ensuring diverse investment options with growth potential.Read more

14 May 2024

Oberoi Realty has revealed plans to redevelop a 12,790 sq. metre plot in Adarsh Nagar, Worli, Mumbai, aiming to create new high-end residences. The project involves modernising seven buildings currently housing 504 flats, likely leased from the Maharashtra Housing and Area Development Authority. Expected to yield 624,000 sq. ft. of free sale space, Oberoi Realty's focus on high-end residences signifies a strategic move to target a specific segment of the Mumbai property market. Amidst a sales bookings slowdown, this redevelopment aims to revitalise Worli's Adarsh Nagar area, potentially incorporating sustainable features to attract environmentally-conscious buyers and redefine luxury living in the prime Mumbai location.Read more

14 May 2024

Birla Estates Private Limited, a subsidiary of Century Textiles and Industries Limited, announced that its tower Silas at Birla Niyaara recorded sales of INR 2,500 crore at launch. This pushed Birla Niyaara's total sales so far to over INR 5,400 crore. Silas features 148 palatial 4BHK-5BHK residences, continuing the luxury legacy of the first tower. This tower is the second phase of Birla Niyaara. In the first phase, the company launched 414 flats, of which it has closed over 85% of sales. The company aims to reach a gross pre-booking value of approximately INR 3,000 crore through its three projects in Mumbai and Bengaluru - Worli and Walkeshwar in Mumbai and RR Nagar in Bengaluru.Read more

13 May 2024

Godrej Properties (GPL) reported a 14% rise in Q4 FY24 profit to INR 471 crore, up from INR 412 crore year-on-year. However, revenue fell 15% to INR 1,426 crore. For FY24, revenue rose to INR 3,035 crore from INR 2,252 crore in FY23, while adjusted EBITDA increased to INR 1,379 crore. The company added 10 new housing projects in FY24 with a total revenue potential of INR 21,225 crore, 42% more than its guidance of INR 15,000 crore. Total bookings for FY24 grew 84% to a record INR 22,527 crore driven by 20 million square feet of space sales. Going forward, GPL targets FY25 bookings of INR 27,000 crore.Read more

13 May 2024

Leading South Indian real estate developer Shriram Properties Limited (SPL) has announced the acquisition of a 4-acre land parcel in Chandapura, Bengaluru to develop a luxury residential project. The project will consist of approximately 350 meticulously designed apartments within a saleable area of 4 lakh square feet, with an estimated revenue of over Rs. 250 crores. Nestled in vibrant Chandapura with proximity to IT parks and amenities, the project aims to provide a high-quality living experience. SPL has a robust pipeline of 47 projects with 51 million square feet of saleable area, including 25 ongoing projects of 23.5 million square feet as of March 31, 2024.Read more

13 May 2024

Arvind SmartSpaces Ltd., renowned for its premium real estate developments in Ahmedabad, Bengaluru, and Pune, reported robust financial results for the quarter and fiscal year ending March 2024. With a remarkable 67% increase, the company's net profit for Q4 2023-24 surged to INR 15.49 crore, while the annual net profit reached INR 41.57 crore, reflecting a substantial 62% growth. Impressively, Arvind SmartSpaces achieved its highest-ever annual sales bookings of INR 1,107 crore, marking a notable 38% increase from the previous year's bookings. This stellar performance is attributed to strategic expansion efforts, new project acquisitions, and a heightened focus on customer satisfaction.Read more

10 May 2024

CapitaLand India Trust (CLINT), a Singapore-based REIT, expands its presence in Hyderabad's IT hub by acquiring 2.5 million sq. ft. of office space in HITEC City. The forward purchase agreement with Phoenix Group secures prime assets in a location with strong leasing demand. CLINT's phased investment approach strategically manages cash flow while benefiting from the area's growth potential. CEO Sanjeev Dasgupta highlights the strategic value of the acquisition, building on CLINT's successful track record in Hyderabad. This move highlights Hyderabad's appeal to major investors, driven by world-class infrastructure, SEZs, a skilled workforce, and government support, ensuring continued growth and innovation in HITEC City.Read more

10 May 2024

Raymond Ltd. reports an 18% increase in consolidated profit after tax, reaching INR 229 crore in the last quarter of FY24, with a significant improvement from the previous year. Consolidated net revenue also rose by 23% to INR 2,688 crore. For the entire fiscal year, consolidated profit after tax surged to INR 1,638 crore, showcasing a growth of over 200%. Chairman Gautam Hari Singhania attributes this success to positive performance across all business segments, notably the real estate segment, which saw strong booking momentum. Raymond's diversification into high-growth sectors like aerospace, defence, and auto components further strengthens its position for future growth. Singhania's re-appointment as Managing Director reflects confidence in his leadership and vision for the company's future.Read more