01 May 2024

The Guardians Real Estate Advisory celebrated a significant achievement on Gudi Padwa, generating a record-breaking INR 262 crore revenue through 181 real estate deals. Saurabh Phull, COO of The Guardians, attributed this milestone to the resilience of India's real estate market amid global economic challenges, exceeding INR 5,000 crore. Gudi Padwa's significance as a festival of new beginnings accentuated the success, as purchases made on this day are believed to bring good fortune. The Guardians' role in facilitating these transactions underscores their commitment to empowering homeownership aspirations and shaping the future of Indian real estate through innovation, customer satisfaction, and community engagement.Read more

01 May 2024

WeWork India, the leading flexible workspace provider in India, has announced plans to expand operations by signing lease agreements for two new buildings - HQ27 in Gurugram and Amanora Crest in Pune. HQ27 is located in Gurugram's MG Road market with over 96,000 sq ft across three floors and 1,480 desks. Amanora Crest is situated within Pune's largest mall complex, Amanora Mall, with over 87,000 sq ft and 1,700 desks. Scheduled to open in the next couple of months, both buildings offer strategically located, contemporary workspaces with amenities and will reinvent the workspace experience. WeWork India's continued expansion across cities exemplifies its reliability as a brand and is a reflection of its strong relationships with all stakeholders, including landlords, IPCs and members.Read more

30 Apr 2024

Sundream Group, a prominent Noida-based real estate developer, reveals plans for a substantial investment in its Anthurium Business Park. With an additional INR 250 crore earmarked for the project's second phase, the total investment now stands at approximately INR 522 crore. This move highlights Sundream's commitment to upscale commercial development. Located in Sector 73, Anthurium Business Park offers over 1,052,000 square feet of premium office space across two towers, equipped with cutting-edge AI technology. The expansion is poised to invigorate Noida's commercial landscape, attracting leading businesses and bolstering the local economy with new job opportunities and upscale retail options.Read more

30 Apr 2024

Oberoi Realty, a leading luxury real estate developer in India, witnessed a 53% decline in sales bookings to INR 4,007 crore in the 2023-24 financial year, compared to INR 8,572 crore in the previous year. The company sold 228 units worth INR 1,775 crore in Q4 2023-24 and 705 units worth INR 4,007 crore for the entire fiscal year. Despite the drop, attributed to a higher base effect, Oberoi Realty's performance remains notable, given its focus on the luxury and ultra-luxury residential segments, which often exhibit higher price points and longer sales cycles.Read more

30 Apr 2024

Assetz Property Group, a leading Bengaluru-based real estate developer, has teamed up with Inspira Builders to introduce their latest venture, "Melodies of Life." situated off Hosa Road, the 39-acre project offers 505 spacious plots ranging from 1500-3000 sq. ft. Targeted at startup and IT professionals, prices start at INR 1.71 crores, boasting upscale amenities like multipurpose courts, swimming pools, and lush greenery cultivated using the Miyawaki technique. With connectivity to major job centers and educational institutions, the project promises a well-rounded lifestyle.Read more

29 Apr 2024

Suraj Estate Developers acquired a 1,073.42 square meter plot in Mahim West, Mumbai, for INR 33.10 crore, projecting a GDV of INR 120 crores. Settling litigations and filing consent terms, they secured additional development rights, estimating a GDV of INR 350 crores. Winning bid for another parcel, they anticipate a GDV of INR 225 crores. Utilizing IPO funds, they fully repaid outstanding loans. With 35 years of experience, the company focuses on strategic acquisitions and expansions, aiming to strengthen its position in Mumbai's real estate market, projecting over INR 500 crores in revenue growth in the upcoming years.Read more

29 Apr 2024

Mahindra Lifespace Developers Ltd. has achieved remarkable success with the launch of Bengaluru's first Net Zero Waste plus Energy residential project, Mahindra Zen. The project witnessed an outstanding response, with over 150 homes booked within just two days, amounting to over INR 350 crores. Offering 'nature-crafted living' with features inspired by the five elements, climate-responsive design, and sustainable amenities, Mahindra Zen caters to the growing demand for eco-friendly living solutions. Its strategic location near business hubs and amenities adds to its appeal. The project's success underscores Mahindra Lifespaces' commitment to sustainable real estate development and reducing environmental impact.Read more

26 Apr 2024

Shubhashish Homes, in collaboration with Gurnani Group, unveils a luxurious villa project on Main SEZ Road in Jaipur, set to redefine luxury living in Rajasthan. Spanning 10.6 acres, the project will offer approximately 7 lakh square feet of opulent living space, promising to be a landmark development. Targeting a launch later in the fiscal year pending approvals, Mohit Jajoo, CEO of Shubhashish Homes, emphasises its significance in Rajasthan. With four launches planned this year, Shubhashish Homes reaffirms confidence in Ajmer Road's micro-market potential, backed by their track record of quality projects. Positioned to meet the rising demand for premium housing, this project blends luxury with convenience, boasting a prime location near major commercial hubs and social infrastructure.Read more

26 Apr 2024

TARC Limited celebrated a remarkable year with record-breaking presales and collections in FY2023-24, marking a 200% increase to INR 1,612 crore in presales and achieving its highest annual collection of INR 415 crore. The success is attributed to the launch of TARC Kailasa in New Delhi, garnering exceptional sales. Construction has commenced with ACC as the EPC contractor. Anticipating further triumphs, TARC 63A's upcoming launch is highly anticipated, boasting prime location and market trends alignment. CEO Amar Sarin credits the achievement to TARC's commitment to excellence and innovation, projecting to surpass INR 5,000 crore pre sales target for FY2024-25 amid a promising real estate market outlook.Read more

26 Apr 2024

Trident Realty, a major real estate developer in North India, has undertaken a strategic shift in its business focus. Through the sale of non-core assets including Shipra Mall in Ghaziabad, it has managed to raise INR 1,200 crore. Trident will utilize the sale proceeds for planned residential launches over the next 2 years' worth INR 15,000 crore across major markets in NCR, Mumbai, Panchkula and Tri-City (Chandigarh). This strategic move will allow Trident Realty to concentrate its resources on residential developments, exit non-core holdings, and further cement its position as one of the leading residential real estate players in North India.Read more