Arbour Investments expands portfolio with USD 7 million investment in Justo Realfintech
Author : PNT Bureau
Mumbai's Arbour Investments has forged a strategic partnership with Justo Realfintech through a USD 7 million investment, including USD 5 million in equity and USD 2 million in debt. This investment is designed to leverage Justo's innovative sales and marketing strategies along with Arbour's financial strength, enhancing service offerings and expanding market presence, particularly in the mid-market developer sector. The collaboration aims to integrate Justo's expertise with Arbour's capabilities, driving growth and innovation while improving project efficiency and client satisfaction....
Group Satellite unveils exciting Ganesh Chaturthi offers for home buyers
Author : PNT Bureau
As Ganesh Chaturthi approaches, Group Satellite is celebrating with special, limited-time offers for homebuyers. Their project, Aarambh Avyaan, is presenting 1 BHK homes starting at an all-inclusive price of INR 54.50 Lacs. Buyers can secure a home with a 10% down payment plus Stamp Duty, enjoying financial freedom throughout 2024. Each purchase includes a 10 GM Gold Coin and a Modular Kitchen. This offer is valid until September 18, 2024. According to Mr. Himanshu Jain, the festive season is an opportune time for home investment, and Group Satellite's deals align with ongoing infrastructure developments in Mumbai....
Siddha & Sejal Group opens EOI phase of final tower at Siddha Sky, Sion NX
Author : PNT Bureau
Siddha Group, in collaboration with Sejal Group, announces the Express of Interest (EOI) Phase for their final tower, "WOW OR NEVER," at 'Siddha Sky' in Sion NX. From August 29 to October 3, 2024, buyers can access EOI benefits worth INR 21 Lacs. The project features 5 towers with 39 storeys each, connected by Mumbai's first Rooftop Skywalk. Offering 2 & 3 Bed Lifestyle Residences, it includes over 4 acres of open space, a 22,000 sqft Resident's Club, and a range of unique amenities....
WeWork expands in Delhi-NCR with 400,000 sq ft leases across key locations
Author : PNT Bureau
WeWork India is set to lease over 400,000 square feet in Delhi and Gurgaon, expanding its footprint in response to rising demand for flexible workspaces. The company will occupy 148,000 sq ft at Prestige Trade Tower, 115,000 sq ft at Bharti Worldmark 6, and 140,000 sq ft at DLF Cyber City. This move aligns with a broader trend in the National Capital Region (NCR) where office leasing activity is increasing. Key developments by Prestige Group and Bharti Realty highlight the region's growing appeal for global businesses and the shift towards hybrid work models....
Shriram Properties aims to triple revenue and double sales by 2027
Author : PNT Bureau
Shriram Properties Ltd, a division of the Shriram Group, plans to boost its sales and revenue over the next three years. They are focusing on mid-market housing projects and aim to double their sales and triple their revenue. The company has launched a new brand identity called SPLNxT to improve its image. Shriram Properties will invest INR 2,000 crore in new projects and expand their inventory. They are also planning to enter the Pune market and continue their strong presence in Chennai. Additionally, they will look into projects for senior retirement homes....
Ivy League House: New 325-bed student hostel in Juhu, Mumbai by CLSPL and BNMV Trust
Author : PNT Bureau
Curated Living Solutions Pvt Ltd (CLSPL) and Shree Banbai Nenshi Trust (BNMV) Trust have partnered to launch Ivy League House, a 325-bed student hostel in Juhu, Mumbai. Spanning 100,000 square feet on Gulmohar Road, this all-female hostel caters to students from nearby institutions like NMIMS and Mithibai College. The initiative reflects a rising trend in premium student accommodations amid high demand and urban challenges. Emphasizing secure, supportive living environments, the project aims to set new standards in student housing. With a projected shortfall of 20 million student beds by the decade's end, this development addresses a crucial market need....
Birla Estates and LGCPL Group to develop 131-acre luxury project in Sector 150, Noida
Author : PNT Bureau
Birla Estates has partnered with LGCPL Group to develop a 131-acre land parcel in Sector 150, Noida. This project, pending necessary approvals, will feature a 50-acre golf course and top-tier sports facilities. Located near the Noida-Greater Noida Expressway and the Yamuna Expressway, the site offers excellent access to Delhi, Noida, and Greater Noida. This venture is part of Birla Estates' broader expansion plan, which includes a five-acre plot in Sector 71, Gurugram, expected to generate over INR 1,400 crore in revenue. Additionally, Ekamaya Properties, a subsidiary, recently acquired land in Kalwa, Maharashtra, for INR 595 crore....
Suraksha Group outlines a INR 6,500 crore plan to revive Jaypee Infratech
Author : PNT Bureau
Following its acquisition of Jaypee Infratech Ltd (JIL) on June 4, 2024, Suraksha Group has outlined a resolution plan to address JIL's debt and revive its projects. The plan includes allocating 2,552 acres of land to lenders, injecting INR 125 crore in equity, and securing INR 3,000 crore in loans to complete 20,000 residential units. With an estimated need of INR 6,500-7,000 crore to finish 160 towers, Suraksha aims to restart construction by October 2024. Governance changes and a payment of INR 1,334 crore to YEIDA are also part of the strategy, reflecting broader real estate sector challenges....
Macrotech Developers acquires Opexefi Services and One Box Warehouse for INR 95.76 crore
Author : PNT Bureau
Macrotech Developers has acquired Opexefi Services and One Box Warehouse for INR 46.67 crore and INR 49.09 crore, respectively. Both companies will operate as wholly-owned subsidiaries, marking Macrotech's entry into the logistics and digital infrastructure sectors. This strategic move aims to enhance operational efficiencies and meet growing market demands driven by e-commerce and technological advancements. The acquisitions align with the expanding logistics market in India, projected to reach USD 215 billion by 2025. Macrotech's investment reflects its commitment to diversifying its portfolio and strengthening its presence in the industrial sector....
Urban Vault expands with 100,000 sq. ft. lease in Whitefield, Bengaluru
Author : PNT Bureau
Urban Vault, a managed co-working firm, has leased 100,000 square feet of prime office space at Brigade Summit in Whitefield, Bengaluru, to meet the growing demand for managed workspaces. The new facility will house over 2,000 desks, with a per-seat cost of INR 9,000 and above-monthly. Urban Vault, with over 20 lakh square feet of office space and 30,000 desks in its portfolio, plans to expand into Pune, Gurugram, Hyderabad, Delhi-NCR, and Mumbai. The company reported a turnover exceeding INR 100 crore in the 2023-24 fiscal year, driven by the demand for Grade A office space....
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