27 Dec 2022

According to a press release by the company, Piramal Realty is set to invest a sum of Rs 3,500 crore into four on going residential housing projects in the Mumbai Metropolitan Region (MMR) the coming two years. The identified projects have the development potential of over 12 million square feet would create more than 12,000 residential apartments. The projects are in Mulund, Thane, Mahalaxmi and Byculla. Established in 2012, Piramal Realty currently has 15 million square feet of residential and commercial space under construction in MMR.Read more

27 Dec 2022

After successfully establishing several retail and commercial developments throughout Gurugram, Elan Group recently launched its first residential property, a super luxury development called “The Presidential” in Sector 106, Dwarka Expressway, Gurugram. Shortly after its launch, the company announced a record-breaking sale of Rs 2,500 crores for the project, making it one of their most successful launches till date. The project will span across 30 acres and contain over 1,800 apartments with configurations of 3, 4, and 5 BHK, and duplex penthouses. The project will be rolled out in three phases.Read more

26 Dec 2022

Purva Real Estate Fund, the Real Estate Alternative Investment Fund (AIF) of realty firm Puravankara has acquired 100acres of land in Guduvanchery, Chennai for a reported sum of Rs 200 crores. The company is currently developing a plotted land project and intends to launch three more plotted development projects by March 2023. The plotted development is said to have a revenue potential of over Rs 900 crores. The Fund plans to invest in various plotted land and residential development projects under both brands; “Purva Land” and “Provident” across cities such as Bengaluru, Chennai, Pune, Mumbai Metropolitan Region, and Hyderabad.Read more

26 Dec 2022

Renowned builders Casagrand have launched a world-class residential community Casagrand Aria in Tambaram near Chennai with prices starting at just Rs 25 lakhs. The Tambaram complex which spans 4 acres, will contain 817 luxury 1 and 2 BHK high-rise lifestyle apartments. Casagrand Aria will provide homebuyers with over 85 top-notch interior and outdoor amenities with luxurious 17,000 square foot clubhouse and several other exclusive amenities. The entire project has been carefully planned to create an adequate footprint with over 70% open space and 30, 000 sq ft of landscape areas for maximum light, ventilation, and recreational activity.Read more

23 Dec 2022

The Gurugram Police have arrested Mr Amit Austin, the proprietor of Manish Switchgear and Construction, the company commissioned to conduct the repair work that caused the death of two women residing in Chintels Paradiso in Gurugram. The women were killed when the dining room on the 6th floor of Tower D collapsed bringing down with it the roofs and floors of all the flats below. A magisterial inquiry found that the retrofitting in Flat D603 was the key trigger for the collapse, thus holding Chintels India and Manish Switchgear and Construction responsible for the accident. Mr Austin will be produced in a city court in the coming week.Read more

23 Dec 2022

JMS Group, a real estate company headquartered in Gurugram, procured a RERA registration number from the Haryana Real Estate Regulatory Authority (HRERA) for its projected development project, The Pride located in Sector 95 A in New Gurugram close to the NH-8 and KMP/Western Peripheral Expressway. The development of New Gurugram is supported by the Gurugram-Manesar Masterplan 2031. In comparison to other Gurugram micro markets, this Sector has superior infrastructure including wide roadways, robust rainwater drainage systems, an underground electric cable network and service roads.Read more

22 Dec 2022

According to a BSE filling Keystone Relators who sells real estate under the Rustomjee Brand will team up with Raj Doshi Exports to develop a residential project in Mahim, Mumbai. The development will be created on a land parcel measuring roughly 6,100 square meters. The development is said to have a saleable carpet area of over 2,80,000 square feet. The project will officially be launched in the new year.Read more

21 Dec 2022

Gujrat based co-working and accelerator platform DevX has recently launched 400 flexible work seats in Andheri East, Mumbai. The new space launched in Mumbai spans across 30,000 square feet and is valued at Rs 3.2 crores. The company hopes to increase its presence in Mumbai to 50,000 square feet in the near future. At present, the company oversees approximately 7 lac square feet of space across the country in over 11 cities with investments to the tune of Rs 60 crores in the pipeline. The company currently has 15,000 seats with places to double this number by the end of the next year.Read more

21 Dec 2022

Mumbai based developer Jagdish Ahuja, along with his son Gautam have been detained on account of fraud cases amounting to Rs 27 crores registered against them with the city’s Economic Offenses Wing (EOW). The builder collected money from individuals for a residential project in Chunnabatti but failed to register the flats in their name or provide a refund of their money as promised. The father-son duo is also being sued in 355 cases of bounced checks.Read more

19 Dec 2022

As a result of a search conducted by the Enforcement Directorate (ED) in November of the Sallarpuria Sattva Group’s Bengaluru office and in accordance with the Prevention of Money Laundering Act of 2002 (PMLA) the ED attached land and bank assets belonging to developers in Hyderabad and Bengaluru totalling Rs 78 crores. The assets include real estate worth Rs 37.58 crore owned by SA Builders & Developers, and a bank balance of Rs 41.05 crore held by Neelanchal Technocrats Pvt Ltd, a Bengaluru-based developer and member of the Sallarpuria Group.Read more