24 May 2024

Table Space, a managed office solutions provider, has leased over 2.5 million sq ft across Chennai, Mumbai, Hyderabad, and Bengaluru. In Chennai, it secured 500,000 sq ft at Mapletree Global Infocity Park and 160,000 sq ft with DLF. In Mumbai, it added 55,000 sq ft at Oberoi Commerz III, 200,000 sq ft at Runwal R-Square, and 29,000 sq ft at Raheja Altimus Worli, with plans for an additional 500,000 sq ft. In Hyderabad, it leased 260,000 sq ft at Mindspace IT park, planning for another 500,000 sq ft. In Bengaluru, it acquired 55,000 sq ft at UB City, 100,000 sq ft at Cafe Coffee Day Square, and plans for 500,000 sq ft in Whitefield.Read more

24 May 2024

Bhumika Group, a leading real estate developer headquartered in Rajasthan, is expanding its retail portfolio in NCR with the addition of 8.5 lakh square feet of new space. Their current projects include a 5.5 lakh sq ft retail development in Faridabad located on a prime 2-acre Mathura Road frontage. They are also developing 3 lakh sqft under a PPP scheme and have started work on an NHPC Metro station redevelopment. The new projects are being funded through internal cash flows and bank loans, demonstrating Bhumika's strong financial position. Their innovative Urban Square Mall in Udaipur achieved full occupancy with over 80 domestic and international brands, revolutionizing shopping in Rajasthan.Read more

24 May 2024

Oberoi Realty impressively reported a net profit of INR 788 crore (USD 94.39 million) in Q4 FY24, a remarkable 64.1% surge compared to the previous year, exceeding analyst expectations. Their revenue from operations soared by nearly 37% to INR 1,315 crore, reflecting robust demand for luxury projects despite a 10-15% price hike. With 228 units sold, Oberoi Realty maintains its appeal among affluent buyers. Additionally, boasting a low debt-equity ratio of 0.18 and a net worth of INR 13,844.41 crore, the company stands financially strong for future expansion and investment, signaling a promising trajectory in India's luxury real estate sector.Read more

23 May 2024

Leading real estate developer County Group has set a new benchmark in the industry by completing over 41.50 lakh square feet across its three housing projects - Coco County, Ivy County and County 107 - in just one year. This is a notable achievement given Noida's reputation for delays and litigation in real estate. The projects were delivered ahead of their committed RERA timelines, showcasing County Group's excellence and efficiency. Coco County is a 12.21 lakh sq ft premium project in Greater Noida, Ivy County is a 14.74 lakh sq ft luxury project in Noida, and County 107 is a 14.78 lakh sq ft ultra-luxury project in upscale Sector 107, Noida. All feature thoughtfully designed luxury living spaces. With a track record of on-time deliveries, zero complaints, and resale value appreciation, the company is trusted for landmark projects across NCR.Read more

23 May 2024

Nimbus Realty released Nimbus The Palm Village, a luxury residential development near the Yamuna Expressway in Noida. The construction features 3 BHK independent floors, 1 BHK furnished flats, and High Retail street businesses, as well as Spanish architecture and ample green space. The property includes lavish amenities like a swimming pool, gym, and numerous gardens, which improve the living experience. The Palm Village, which is strategically positioned near major highways, metro connectivity, and the new Jewar International Airport, promises to raise luxury living standards while attracting investors and businesses to Noida.Read more

23 May 2024

Vaidya Spaces Pvt. Ltd., a prominent Mumbai developer, unveils a significant investment plan of INR 1,000 crore for upcoming residential and commercial projects. Their focus remains on large-scale redevelopment in prime Mumbai areas, marking a year of milestones and continued growth. Notable achievements include completing projects ahead of RERA timelines and showcasing resilience during the COVID-19 pandemic. Led by seasoned architects Jayant and Sadhana Vaidya, the company boasts a flawless track record and a commitment to excellence. Their accessibility and unwavering dedication, coupled with a flawless record under MahaRERA, establish unprecedented standards in the real estate industry, shaping Mumbai's future development.Read more

22 May 2024

Ajmera Realty & Infra India Ltd experienced a remarkable rise in its financial performance for Q4 FY24 and the full fiscal year. Net consolidated profit soared by 90.40%, reaching INR 28.77 crore, while total income jumped by 98.71% to INR 234.08 crore. The company announced a final dividend of INR 4 per equity share and appointed Hemanti Prashant Sutaria as an independent director. Sales value doubled to INR 287 crore in Q4, with collections growing by 91%. Despite growth, the debt-equity ratio improved to 0.90:1. The company aims for 5x growth, projecting a 33% increase in pre-sales for FY25.Read more

22 May 2024

DLF, India's leading property developer, exceeded expectations in Q4FY24, with a 62% rise in net profit to INR 920.71 crore and a 47% surge in revenue to INR 2,134.84 crore. Total FY24 revenue reached INR 6,427 crore, driven by record sales bookings of INR 14,778 crore. The company plans to launch 11 million sq. ft of residential projects in FY25 across markets like Gurugram, Mumbai, Goa, and Chandigarh, targeting a sales potential of INR 36,000 crore. DLF's robust cash flow of INR 4,385 crore and net cash position of INR 1,547 crore position them for sustained growth amidst evolving buyer preferences.Read more

22 May 2024

India's senior living sector is poised for significant expansion in the coming years. The market is projected to grow fivefold, reaching a value of $12 billion by 2030, driven by demand from seniors seeking customized care housing. Currently a nascent sector, it offers major opportunities for developers as India's population ages rapidly. Projections indicate over 1.5 million new senior living units will be needed in the next decade to house the growing elderly population, which is projected to double to 230 million in the next 10-12 years. Developers like Wadhwa Group and Prescon Group are enhancing offerings by integrating advanced facilities and strategic partnerships to meet seniors' diverse needs holistically. With government support and guidelines enhancing quality standards, India's seniors can look forward to vastly improved housing and lifestyle choices tailored for active aging in the coming years.Read more

21 May 2024

Gera Developments is celebrating a decade of its innovative ChildCentric Homes concept with the launch of Gera's Island of Joy in Pune. This 12.5-acre project offers 1,800+ homes, unparalleled amenities like clubhouses, Go-Kart racing, a wave pool, and bowling alley, along with 9 celebrity-led learning academies. Strategically located near IT hubs, it emphasises sustainability. Rohit Gera highlights their commitment to crafting exceptional living spaces for modern families. Amidst substantial growth in Pune's real estate market, Gera maintains equilibrium between supply and demand while increasing apartment sizes to meet evolving family needs.Read more