Signature Global and Ahluwalia Contracts partner for premium housing project in Gurugram
Author : PNT Bureau
Signature Global has partnered with Ahluwalia Contracts for an INR 1,144 crore contract to develop its first luxury residential project, "De-luxe DXP," in Gurugram's Sector 37D. The project aims to redefine luxury living with sustainable design, exceptional amenities, and top-tier construction. Spanning 16.65 acres, it will feature 1,008 units across eight towers, including apartments and penthouses. The project has received positive responses, particularly from NRIs and professionals, recording INR 3,600 crores in presale bookings. With IGBC Gold Rating and features like swimming pools, clubhouses, and retail spaces, De-luxe DXP promises modern living with excellent connectivity and sustainability....
County Group acquires development rights for a 7.9 acre land parcel in Gurugram
Author : PNT Bureau
The County Group, based in Delhi-NCR, has acquired development rights for a 7.9-acre land parcel in Gurugram's village Harsaru, Sector 88A, near the Dwarka Expressway, for INR 105 crore from Brock Developers Private Limited and Ashiana Landcraft Realty Private Limited. Perfect Megastructure Private Limited, a subsidiary of the County Group, will oversee the development. The County Group plans to develop a luxury housing project on this site. Additionally, they recently announced a INR 5,000 crore investment in the 'Ivory County' project in Noida, projected to generate around INR 7,500 crore in revenue....
AIPL eyes 5 million sq. ft. commercial portfolio with new projects in Delhi-NCR and Punjab
Author : PNT Bureau
AIPL, a leading realty developer, is aggressively expanding its rental portfolio, aiming to reach nearly 5 million square feet by 2025. This ambitious plan will see the company's portfolio nearly quadruple in size, driven by strong demand for high-quality office spaces in key markets like Delhi-NCR and Punjab. AIPL's flagship project, AIPL Masterpiece, has already attracted prominent corporates like Perfetti and Samman Capital, demonstrating the company's commitment to providing modern infrastructure and world-class amenities. This expansion aligns with the robust demand for office space across India, as evidenced by the recent surge in leasing volumes and supply additions in major cities like Bengaluru, Mumbai, Delhi NCR, and Hyderabad....
ATS Realty clears dues to YEIDA, kickstarts 100-acre township development
Author : PNT Bureau
ATS Realty, a prominent developer, has recently cleared INR 130 crores in outstanding dues to the Yamuna Expressway Industrial Development Authority (YEIDA), enabling the commencement of a 100-acre township development near the upcoming Noida International Airport. This payment was made in accordance with the Amitabh Kant committee's recommendations, which granted developers a deadline of August 31st to clear 25% of their outstanding dues and additional farmer compensation. The committee's report is seen as a significant step towards reviving stalled projects and boosting investor confidence in the sector. A revival in the housing and construction sector is also vital for boosting the overall economy....
Jashn Realty unveils a premier 10-acre luxury residential development in Lucknow
Author : PNT Bureau
Jashn Elevate by Jashn Realty spans 10 acres, delivering a lavish lifestyle and an exceptional living experience. This RERA-approved project, valued at INR 820 crores, has already experienced a 20% increase in property value, with expectations of a 50% increase next year. Featuring over 56 modern amenities, including high-tech fitness centers, swimming pools, and serene green spaces, the development caters to diverse lifestyle needs. Strategically located on Sultanpur Road, it provides seamless access to key city areas. Jashn Realty also offers in-house financial assistance, ensuring a seamless homebuying process for potential residents....
NeoLiv partners with Royal Green Realty for 20-acre township development in Sonipat
Author : PNT Bureau
NeoLiv has partnered with Royal Green Realty to develop a 20-acre township in Sonipat, with a gross development value exceeding INR 600 crore. This ambitious project will feature villas, independent floors, and plots, catering to diverse residential needs. The company is actively seeking new investment opportunities in greenfield, redevelopment, and brownfield projects, focusing on Mumbai and Delhi, with investments typically ranging from USD 10-20 million. In March 2024, NeoLiv successfully raised over INR 300 crore during the first close of its alternative investment fund (AIF), Inliv Real Estate Fund, supporting its ongoing expansion and development efforts....
Signature Global expands senior management team to drive innovation and growth
Author : PNT Bureau
Signature Global, a top real estate company in India, has strategically restructured its senior management team to align with its growth trajectory and enhance leadership. The company has expanded its Senior Management Personnel (SMP) team by promoting nine key senior resources, including Jayanta Barua (Head of MARCOM) and Varun Mehta (Group President of Operations). This restructuring aims to boost operational efficiency and foster innovation. By reinforcing its leadership, Signature Global is poised to navigate the evolving real estate market with agility and maintain its leading position in the industry....
Adarsh Developers settles debt with Edelweiss Alternative Asset Advisors
Author : PNT Bureau
Adarsh Developers is nearing a financial turnaround after repaying a INR 750 crore structured finance facility from Edelweiss Alternative Asset Advisors, initially raised in 2022 at over 20% interest. This repayment, supported by operational cash flow and cheaper bank refinancing, has reduced the company's cost of funds by 8-9 percentage points. Adarsh used part of INR 1,900 crore from a land sale to Mapletree Investments to settle a portion of the debt. The firm has also repaid INR 1,270 crore of debt over the last two years and continues to focus on residential and some commercial projects....
Landmark Group to invest INR 4200 crore in real estate portfolio expansion
Author : PNT Bureau
Landmark Group, a prominent real estate developer based in Gurugram, is gearing up to expand its business portfolio with a robust project pipeline. The company plans to invest INR 4,200 crore over the next two years to launch a mix of luxury, retail, and commercial projects in the thriving micro-markets of Gurugram. Landmark Group's upcoming projects include a group housing development along the Dwarka Expressway and a premium high street project in New Gurgaon, both slated for launch by the end of 2024. The company's diverse real estate portfolio includes townships, villa complexes, group housing, and mixed-use retail spaces, as well as co-working spaces....
Eros Group invests INR 400 crore in Greater Noida Phase 3 project
Author : PNT Bureau
Eros Group is investing INR 400 crore to advance the development of Phase 3 of its Eros Sampoornam residential project in Greater Noida. Spanning 21,728 square metres, the project includes 11 towers with luxurious 2 and 3 BHK apartments. The company has already sold inventory worth INR 200 crore, reflecting strong buyer confidence. Located near the upcoming Aqua Line metro station, the project offers state-of-the-art infrastructure and modern amenities, including a gated community and a sophisticated community centre. Eros Sampoornam 3 promises to elevate living standards, blending luxury, comfort, and strategic convenience for its residents....
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