01 Dec 2022

Following the completion of their project "Aaradhya Highpark" (Towers A, B, C, D, and retail) 16 months early, MAN Infraconstruction Ltd (MICL) will debut its upscale residential property Aaradhya Parkwood through its subsidiary Man Vastucon LLP shortly. The project will span across 2.5 acres of land and offer over 5.3 lac square feet of carpet space for sale. This project alone has the potential to bring in over Rs 800 crores in revenue for the realty firm. The project would comprise 1 and 2 BHK luxury apartments with over 60+ amenities and facilities designed in the state-of-the-art clubhouse.Read more

30 Nov 2022

Mumbai based Macrotech Developers has had an eventful and fruitful year, barring a few hiccups. The realty firm presently headed by Abhishek Lodha reportedly delivered 4.4 million square feet of space creating an estimated Rs 8,000 crores in revenues in this fiscal year alone. Although the company reported a consolidated net loss of Rs 933 crores for the quarter ending September 2022, their net profit has increased by 28 per cent YoY. The loss booked has been largely due to an exceptional loss suffered on account of economic turbulence in the United Kingdom where they have two projects.Read more

30 Nov 2022

Co-working company Avanta India recently announced its intention to expand its portfolio to meet the growing demand for flexible workspaces in the coming months. The company will add 2 lac square feet of office space, including 50,000 square feet of space dedicated solely to premium co-working establishments. The developments will add almost 3,000 workstations across multiple localities in Delhi-NCR. Their project at Nehru Place in Delhi, scheduled to be completed by December, will create 150 seats across the 10,000 square foot set-up.Read more

29 Nov 2022

The Runwal Group has opened its first-ever "By Invitation only" residences at Park Avenue in Kalyan-Dombivli at Runwal Gardens in Dombivli. The 3-BHK, 4-BHK, and Duplex residences on Park Avenue range in size from 1017 square feet to 2,595 square feet and start at Rs 1.40 crore. These residences created by AR Hafeez Contractor, offer lifetime views of an 11-acre central park along with a private clubhouse and other luxury amenities catering to the demands of the privileged few who will call this place home.Read more

25 Nov 2022

Japan based Marubeni Corporation has entered into a joint development agreement with Pune-based Kolte Patil Developers Ltd, according to a recent BSE filling. The project will be located in Pimple Nilakh, Pune and is said to have the development potential of over eight lac square feet. As per the agreement Marubeni Corporation will invest a sum of 200 crore rupees into the project, via a single tranche, providing KPDL will the requisite liquidity needed. Marubeni Corporation will be entitled to 2.85 lac square feet of saleable area within the project.Read more

25 Nov 2022

The Special Investigation Team (SIT), set up by Thane Police Commissioner has arrested 10 people involved in the Kalyan Dombivli RERA scam. The SIT had booked 65 developers in the case but was yet to make any arrests. A key witness recorded his statement in front of the Judge earlier this week, allowing the police to move ahead with arrests. The builders have been accused of forging and falsifying documents to obtain RERA certificates to construct and sell properties. The scam has revealed multiple gaps in communication between government departments and corruption within its institutions.Read more

24 Nov 2022

Earlier this week, two parties along with Kolte Patil Developers settled a case with SEBI regarding alleged violations or listing and disclosure regulations. Kolte Patil is said to have paid a sum of Rs 42 lac while G L Vishwanath and Manasa Vishwanath have paid Rs 10 lac each. This comes in light of a decision made by the parties involved to settle the alleged violations of the LODR Regulations without admitting or denying the findings through a settlement order.Read more

22 Nov 2022

Tata Housing has launched a new phase of their mixed development township project Tata New Haven near Tumkur Road, Bengaluru. The entire project is situated on a twenty-five-acre land parcel comprising of thirty-five towers in total. The new phase will have a combination of 10, 12 and 14 storey towers and contain more than 400 residential units. Four towers have already received their occupancy certificates (OC).Read more

21 Nov 2022

Disgruntled homebuyers of Kalpataru township project Immensa in Kolshet Thane, staged a protest outside the company’s head office in Santacruz earlier last week. More than fifty individuals gathered during the day with placards and demanded an explanation for the extended delay in handing over possession of the flats. Two senior representatives of the company supposedly met the protesters to address their concerns and put them at ease. As per the MahaRERA website, the project is now scheduled to be delivered in 2025.Read more

21 Nov 2022

Inner Circle, a project undertaken by SILA in collaboration with JCK group and Top-Notch Realty has received its occupancy certificate. The project achieved record sales within three years of launching in 2019, selling over 95 per cent of its inventory even before completion. Located in the Saral neighbourhood of Alibaug, the project is situated on a 7-acre plot of land, Phase two is scheduled to begin in early 2023. It will span across 3 acres and include more than 40 units.Read more