13 Mar 2024

Signature Global has planned to revolutionise Gurugram's real estate with upcoming projects spanning 8-10 million sq. ft. Strategically located in key sectors like 71, 84, and along Sohna Road, the company emphasizes affordability, pricing mid-income homes at INR 1-1.5 crore and upper mid-income at INR 4-5 crore. Despite a reported loss last fiscal year, they target INR 11,000-12,000 crore worth of projects by 2026, investing INR 1,000-1,200 crore annually for land acquisition. With strong sales performance and a robust pipeline, Signature Global has aimed to reshape Gurugram's real estate landscape, focusing on mid-income and upper mid-income segments.Read more

12 Mar 2024

Godrej Properties has announced plans to develop a large township project in North Bengaluru under a profit-sharing model. The project, spanning 62 acres, will offer approximately 56 lakh sq ft of saleable area, primarily comprising residential apartments. With an estimated booking value of INR 5,000 crore, the project is expected to launch in the upcoming financial year. Godrej Properties has achieved strong financial performance, with sale bookings rising 59% and net profit increasing 11% in the December quarter. The company has acquired land parcels with a revenue potential of over INR 32,000 crore in FY23 and plans to add more land parcels in the coming months.Read more

11 Mar 2024

Mahindra Lifespace Developers, the real estate arm of the Mahindra Group, plans to build a project pipeline worth over INR 45,000 crore as part of its growth strategy. The target is nearly 10 times its current size, focusing on joint developments, housing society redevelopments, and land acquisitions in Mumbai, Pune, and Bengaluru. The company will invest INR 7,500 crore through internal accruals, parent company capital, and external financing. The growth will primarily drive through residential projects, while the industrial segment remains stable. Mahindra Lifespace has recently launched Mahindra Codename Crown in Pune and plans to capitalize on the redevelopment boom in Mumbai. The company's current development footprint spans 35.06 million sq ft across seven Indian cities, with ongoing projects totaling 14.48 million square feet.Read more

11 Mar 2024

Awfis, a leading name in flexible workspace solutions, expands its footprint in Bhubaneshwar with the inauguration of its third and largest centre, covering nearly 1 lakh square feet at the Odisha Technology Centre, Anand Bazar. The esteemed Chief Minister of Odisha, Shri Naveen Patnaik, officially opened the facility, tailored to accommodate the needs of two Fortune 500 companies in Information Technology services and Consulting. With a comprehensive range of amenities and interiors inspired by Odisha's rich heritage, the centre reflects Awfis's commitment to innovation and modern infrastructure. This strategic move underscores the growing trend towards flexible working and caters to the increasing demand for coworking spaces in Tier II cities.Read more

08 Mar 2024

Signature Global, a prominent real estate developer, has achieved remarkable success with the sale of over 1,000 luxury flats in its latest project near Dwarka Expressway, Gurugram, fetching over INR 3,600 crore. The 'DE LUXE-DXP' project, offering diverse units, witnessed overwhelming demand, reflecting growing affluence and aspirations among consumers. With a commitment to quality and customer satisfaction, Signature Global's strong market positioning and successful sales highlight the robust demand for premium residential properties in Gurugram.Read more

07 Mar 2024

Nisus Finance, in partnership with BCD Group, has invested over INR 105 crore in Shapoorji Pallonji Real Estate's subsidiary, Suvita Real Estate, through senior secured listed non-convertible debentures (NCD). The investment aims to facilitate the acquisition of a 12.16-acre land parcel in Manjari-Budruk, Pune, with potential for a mixed-use township exceeding 2.1 million sq ft. The project aligns with Shapoorji Pallonji's focus on mid-income affordable housing. Nisus Finance's Real Estate Special Opportunities Fund, with a corpus of INR 700 crore, underscores its commitment to opportunistic investments in the real estate sector. This collaboration highlights strategic synergy for growth in Pune's real estate market.Read more

06 Mar 2024

Ashiana Housing commits INR 400 crore to Ashiana Vatsalya, a specialized residential project catering exclusively to Chennai's elderly population. Situated within the vibrant Mahindra World City, the project offers a tranquil lifestyle with 66% of flats enjoying three-sided openness and 55% boasting breathtaking lake views. With holistic amenities including cultural, recreational, and wellness spaces, the project aims to redefine elderly living. Over eight years, it will meticulously develop 258 residential units in its first phase, promising tailored comfort and convenience for Chennai's seniors.Read more

06 Mar 2024

DLF, a major player in India's real estate sector, is planning to launch 10 million square feet of properties in the fiscal year 2025, targeting revenues of approximately INR 24,200 crore. The ambitious expansion includes projects in Chennai, Goa, and Mumbai, in addition to the company's primary markets of Gurugram and Panchkula. With a strategic focus on the super luxury segment and a robust financial performance in the December quarter, where net profit rose by 26% to INR 648 crore and sales bookings reached INR 9,047 crore, DLF aims to capitalise on evolving market dynamics and changing preferences, particularly among individuals aged 30 and above shifting towards homeownership.Read more

05 Mar 2024

Shapoorji Pallonji Real Estate has introduced ‘Sequoia’, a premium residential development in Bengaluru's Parkwest 2.0 project. The project encompasses 180 luxury apartments, spanning 4.3 lakh square feet with a potential revenue of INR 500 crore. Sequoia completes the 46-acre Parkwest 2.0 complex, offering 3 and 4 BHK apartments. The project boasts excellent connectivity and proximity to key amenities. Shapoorji Pallonji Real Estate's recent launches in Pune and South Mumbai underscore its commitment to the luxury real estate segment in major Indian cities.Read more

05 Mar 2024

Spain-based IndiaLand Group has collaborated with four leading MNCs to facilitate their expansion in India's tech parks in Pune and Coimbatore. In Pune's IndiaLand Global Tech Park, US-based Regal Rexnord and Atlas Copco secure grade-one office spaces, while in Coimbatore's IndiaLand Tech Park, German multinational Bosch and US-based Cotiviti secure floor spaces. The eco-friendly properties align with green real estate practices and are set to become hubs for innovation. Expected to be operational by mid-2024, these developments highlight India's potential as a global business hub and contributor to economic growth. IndiaLand Group aims to set benchmarks in commercial real estate with sustainable infrastructure.Read more