17 Oct 2023

Atmosphere Realty Pvt. Ltd., a consortium of The Wadhwa Group, Man InfraConstruction Limited, and Chandak Group, has obtained the Occupation Certificate (OC) for towers ‘D’ and ‘E’ in its 'Atmosphere O2' project at Mulund. The consortium has received the OC 15 months ahead of schedule. This is attributed to guidance from Japanese Conglomerate Marubeni which is also involved in the project. This achievement reflects a commitment to quality construction and customer satisfaction in the real estate sector. The 'Atmosphere O2' project spans 5.13 acres with up to 85% open spaces emphasizing on green spaces and Wadhwa’s focus on natural light and ventilation in each residence. The project offers 20+ amenities, a spacious clubhouse, and good connectivity.Read more

17 Oct 2023

Macrotech, operating under the Lodha brand, has entered into a significant developmental agreement for a slum rehabilitation project in Mumbai's Worli district, valued at Rs 359.48 crore. As part of the state government's slum rehabilitation initiative, Macrotech will handle the free-sale component while reserving the rehabilitation segment for approximately 172 slum residents. The land spans 85,153 square feet, with a Floor Space Index (FSI) approval of 5.172. The Lodha Group and Sattadhar Constructions will equitably share net revenue from the sale of constructed flats. This reflects the surge in slum redevelopment projects in Mumbai, driven by social and economic imperatives and offering developers additional FSI rights to construct premium residential complexes within the same area.Read more

14 Oct 2023

Aaditya Builders, a real estate development company, is facing legal action as Borivali police pursue a case against them for alleged fraudulent activities involving chartered accountant Harshit Kadhi. Kadhi claims that despite paying Rs1.1 crore, the builders failed to deliver the promised 941 sq ft flat in a Borivali West redevelopment project. The dispute began in January 2018, with Kadhi initially presented with a promising plan. However, he faced delays and threats from the builders, prompting him to seek legal recourse. On October 9, a case was registered against Aaditya Builders for breach of trust and fraud, highlighting the importance of diligence and transparency in real estate transactions and the role of the legal system in addressing such disputes.Read more

14 Oct 2023

G Square Realtors Private Limited has launched G Square Orion, a wellness-themed plotted community in Coimbatore. This DTCP-approved and RERA-registered project covers 10.7 acres and offers 213 residential plots with over 40 world-class amenities. Positioned near Trichy Road, it enjoys excellent connectivity to key locations and upcoming developments, including a Defence park, biodiversity park, and Aerospace Industrial Park. The project aims to provide residents with a serene environment amidst rapid urbanization. Early-bird pricing starts at Rs. 9.25 lakhs per cent for the first ten bookings, making it an attractive opportunity in Coimbatore's real estate market.Read more

14 Oct 2023

The Department of Town and Country Planning (DTCP) has issued show-cause notices to 45 residential properties in South City 2, Gurugram, for alleged misuse and violations of the Haryana Urban Development Act, 1975. These properties were found to be in violation of regulations after a recent survey by the DTCP's enforcement team. The property owners have been given seven days to respond, with potential actions including restoration orders and cancellation of occupation certificates. The move emphasizes the significance of adhering to zoning and land-use regulations in urban areas to prevent conflicts, maintain neighbourhood character, and ensure sustainable development.Read more

14 Oct 2023

Hero Realty Pvt. Ltd. (HRPL), a prominent Indian real estate developer, is teaming up with Saheb Enterprise to embark on a joint venture project in Gurugram's Sector 104. Spanning four acres along the Dwarka Expressway, this venture is poised to infuse Rs. 1500 crore into HRPL's top-line earnings for the fiscal year. Hero Homes Gurugram, part of this development, promises luxury living through premium residential apartments. This expansion solidifies HRPL's position in the National Capital Region (NCR) and enhances its market share in Gurugram. With a strategic location and a commitment to exceeding customer expectations, HRPL sets its sights on a bright future and ambitious sales goalsRead more

14 Oct 2023

Puravankara, a prominent Indian real estate developer, has achieved impressive sales growth, marking a significant milestone in Q2 FY24. The company reported a sale value of INR 1,600 crores, representing a remarkable 102% increase from Q2 FY23's INR 791 crores. This growth trend continued into H1 FY24, with a sale value of INR 2,725 crores, marking a remarkable 109% increase compared to H1 FY23's INR 1,304 crores. This robust performance is attributed to a promising pipeline of upcoming project launches, efficient project execution, and a strategic approach to diversification and business acquisitions. Puravankara's strong position in the real estate market is evident in its growing sales, highlighting its commitment to providing quality real estate solutions.Read more

13 Oct 2023

The Adarsh Group's commitment to invest Rs 2,000 - Rs 2,500 crore in India's real estate sector signals a significant move to bolster the country's real estate landscape. This substantial investment will encompass both residential and commercial projects across key locations, addressing the evolving demands of India's dynamic real estate market. As a crucial driver of economic growth, this venture is expected to create a substantial number of jobs and stimulate economic development in project locations. Moreover, it has the potential to contribute to responsible urban development, setting new standards for sustainability and efficient urban spaces. The Adarsh Group's strategic investment promises to leave a lasting positive impact on India's real estate sector and overall economic progress.Read more

13 Oct 2023

The Yamuna Expressway Industrial Development Authority (YEIDA) has unveiled an instrumental furniture park scheme in Greater Noida, geared towards fostering non-polluting industrial growth. The initiative offers plots of up to 4,000 square meters at competitive premium rates, creating a welcoming environment for entrepreneurship and innovation. With 63 plots dedicated to MSMEs, it not only boosts local economic development but also generates employment. Located strategically near key areas like Jewar Airport, this project ensures seamless connectivity and goods movement. YEIDA's initiative signifies a pivotal stride toward economic progress, inviting entrepreneurs to contribute to the flourishing industrial landscape of Greater Noida.Read more

13 Oct 2023

Ajmera Realty & Infra India Ltd, a prominent Indian real estate firm, unveiled its remarkable Q2 FY24 performance, showcasing a 52% YoY surge in sales. This substantial growth, totalling INR 252 crores in sales bookings, was fuelled by strong demand, including notable projects like Ajmera Eden. The company attributes its success to a thriving market, boosted by the Reserve Bank of India's rate freeze, and a 5x growth strategy focusing on untapped micro-markets. Dhaval Ajmera, Director, stressed the importance of pre-sales and business development to reach a fiscal year sales target of INR 1,000 crores. The company's dedication and stable interest rates promise continued growth in the festive season and beyond.Read more