02 Feb 2024

Shapoorji Pallonji Real Estate (SPRE) unveils 'The Odyssey,' an uber-luxury project off Marine Drive, marking their historic return to South Mumbai. Strategically located near Girgaon Chowpatty, it offers seamless connectivity to business hubs and essential amenities. Designed by Architect Hafeez Contractor, The Odyssey boasts breathtaking views, grand double-height lobby, and 20 parking floors. With close to 60 apartments for sale, revenues are expected to exceed INR . 1000 crores. Priced from INR 15 crores, the meticulously designed 3 BHK apartments redefine luxury living. SPRE's Director, Venkatesh Gopalakrishnan, emphasizes their commitment to crafting luxurious environments, setting new standards in South Mumbai's uber-luxury segment.Read more

02 Feb 2024

DLF has reported a robust 26.60% increase in its net consolidated profit for Q3 FY24, reaching INR 655.71 crore, up from INR 517.94 crore in the same quarter of the previous fiscal year. The net consolidated total income for the quarter stood at INR 1,643.51 crore, reflecting a commendable 5.38% increase from the same quarter last year. The company achieved a substantial quarterly sales booking of INR 9,047 crore, one of the highest ever, driven by premium and high-margin project launches. DLF Cyber City Developers (DCCDL) reported consolidated revenue of INR 1,476 crore, with a YoY growth of 8%. The board has approved the acquisition of shares in three real estate development companies, and the sale of DLF Centre to DCCDL for INR 825 crore, showcasing DLF's proactive portfolio optimization strategy.Read more

01 Feb 2024

Moraj Group, a leading player in Navi Mumbai real estate, has partnered with Xanadu Realty for a new venture in South Mumbai's sought-after Shivaji Park. Valued at over 300+ Cr., their luxury project offers lavish 3 BHKs boasting Arabian Sea views. Fusing their expertise, the collaboration aims to redefine luxury living, creating a masterpiece. Moraj Group's Founder and Chairman, Mohan Gurnani, expressed enthusiasm for the transformative collaboration, citing it as a commitment to futuristic architecture. Vikas Chaturvedi, CEO of Xanadu Realty, emphasized the dedication to unrivalled luxury living, creating a lasting legacy in Mumbai's evolving skyline. The joint venture promises an iconic chapter in Mumbai's real estate narrative, showcasing excellence and innovation.Read more

01 Feb 2024

Kolte-Patil Developers, a prominent Pune-based real estate player, expands its footprint in Mumbai with two society redevelopment projects in Dahisar and Versova. These strategic acquisitions, totalling 3.06 lakh square feet, project a top-line potential of around Rs 545 Crore. Aligning with growth objectives, this move strengthens Kolte-Patil's position in Mumbai, the country's largest real estate market. With a growing portfolio of fifteen projects in the Mumbai Metropolitan Region, including successful ventures like Vaayu in Dahisar, the company taps into the city's diverse real estate demands. In FY24, Kolte-Patil secured eight projects with a combined development potential of 3.3 million square feet, reinforcing its commitment to expansion and innovation in targeted markets.Read more

31 Jan 2024

Thane's Vihang Group recently achieved a milestone with Thane Municipal Corporation's approval for a massive three million square feet, marking one of the largest single approvals for non-township development. The group also secured Occupancy Certificates for 2.5 million square feet across Ghodbunder Road projects in the same fiscal year. With plans for four projects, including "Capital of Thane," the group anticipates a revenue potential of Rs 2,000 crore. Funding these endeavours through equity, bank loans, and customer advances, Vihang Group has earmarked Rs 2,500 Crore for the next five years, focusing on Kasarvadavli and Bhayander micro markets.Read more

31 Jan 2024

Keystone Realtors is gearing up to redevelop Veena Nagar Co-operative Housing Society and NeelKamal Ghruh Cooperative Housing Society in Malad (West), Mumbai, covering 12,120 sq meters and boasting an estimated Gross Development Value (GDV) of Rs.1200 crore. The project, set to commence next year, not only accommodates 342 existing society members but also presents a sale potential of about 3,42,000 sq ft, contributing to the anticipated GDV. This initiative aligns with Rustomjee's commitment to a diversified portfolio in Mumbai's western suburbs, showcasing its proven expertise in redevelopment. Amidst substantial expansion, including eight new projects this fiscal year with a cumulative GDV of approximately Rs. 7,000 crore, Rustomjee emphasizes innovation, sustainability, and transformative urban development.Read more

30 Jan 2024

Shapoorji Pallonji Real Estate (SPRE) has unveiled the second phase of Golfland at VANAHA near Bavdhan, West Pune, following the success of its flagship project. Having sold over 1800 apartments worth Rs. 1500 crores, the new phase targets a revenue potential of Rs 600 crores, addressing the demand for upscale residences in Pune. With configurations ranging from 2BHKs to townhouses, it has 276 homes starting at Rs.1.48 crore. VANAHA is a 1000-acre township and offers luxury living with amenities, including an 18-hole private golf course. SPRE aims to redefine Pune's skyline and lifestyle, anticipating growth in the city's real estate market in 2024.Read more

30 Jan 2024

Purva Land, the plotted development arm of Puravankara Limited, recently unveiled Purva Soukhyam, a wellness-themed plotted project in Guduvancheri, Chennai. Covering 120 acres, it boasts 2,200 plots with sizes ranging from 600 sq. ft. to 5,000 sq. ft., accompanied by 35+ amenities, a 30,000 sq. ft. clubhouse, and a focus on wellness. Reflecting post-pandemic preferences, Puravankara anticipates heightened demand for plotted developments, providing buyers with the freedom to construct personalized homes. Purva Soukhyam's strategic location, 10 minutes from Grand Southern Trunk Road, excellent connectivity, and proximity to key facilities enhance its appeal.Read more

29 Jan 2024

Real estate giant Gulshan Homz has acquired a substantial 2.5-acre plot in Sector 129, Noida, in a Rs 150 crore deal with a prominent bank. The prime location in the National Capital Region will be developed into a one-million-square-foot commercial project. The land parcels were part of Jaypee townships and attracted various developers following financial institutions' takeover due to loan defaults and insolvency issues. Despite challenges, companies like Gulshan Homz have collectively invested over Rs 3,000 crore, initiating projects with a revenue potential exceeding Rs 10,000 crore. The strategic expansion in Noida and venture into Moradabad positions Gulshan Homz as a key player in the dynamic real estate landscape.Read more

29 Jan 2024

Ajmera Luxe Realty Private Limited (ALRPL), a joint venture between Ajmera Realty & Infra India Limited (ARIIL) and Keystone Realtors Limited (Rustomjee), is set to redevelop a housing society in Bandra West, Mumbai. With both entities will hold a 50% stake. The joint project anticipates a Gross Development Value (GDV) of Rs 760 crores. The objective is to deliver high-end residential apartments in Bandra with a distinctive offering, aiming for a carpet area of 130,000 sq. ft. This collaboration leverages the strengths of Ajmera Realty and Rustomjee to contribute to urban rejuvenation and cater to the demand for premium housing in Mumbai's competitive real estate market.Read more