SC permits NBCC to construct 8000 additional apartments in stalled Amrapali projects
Author : PNT Bureau
The Supreme Court has cleared the way for the NBCC, a public sector undertaking, to construct nearly 8,000 additional apartments in six of the 24 stalled Amrapali projects in Greater Noida and Noida. The funds generated from the sale of these flats will be used to recover project costs and clear the dues owed by the bankrupt real estate developer Amrapali to the Noida and Greater Noida authorities. Amrapali had declared bankruptcy in 2017 and abandoned the 24 projects, leaving thousands of homebuyers in the lurch. The Supreme Court has allowed NBCC to pay INR 743.16 crore to the authorities for a higher floor area ratio (FAR) to expedite the construction work....
Unitech resumes South Park project in Gurugram after a decade-long delay
Author : PNT Bureau
Unitech has resumed the construction of its long-stalled South Park project in Gurugram's Sector 70, which was halted in 2013. Originally intended to deliver 832 flats across 27.4 acres, only 672 units were sold before work stopped. The new management, appointed after a Supreme Court order, secured necessary clearances and plans to complete the project within three years. An additional 4.31 acres have been acquired to expand the project. Safety assessments are being conducted, and a quarterly payment plan for buyers has been introduced. However, buyers face challenges in securing loans, with some planning to seek court intervention....
Omaxe Group announces launch of The Omaxe State with a INR 2500 crore investment
Author : PNT Bureau
Omaxe Group has launched 'The Omaxe State,' India's first 5-in-1 destination for sports, retail, hospitality, food, and culture, spanning 50.4 acres in Dwarka Sector 19-B, New Delhi. Developed in partnership with the Delhi Development Authority (DDA) and involving an investment of over INR 2500 crore, the project includes a state-of-the-art cricket and football stadium, an international multi-sports indoor arena, and India's largest F&B space. It also features an air-conditioned high-street retail area, exclusive sports and leisure clubs, and various top-tier amenities. Set to revolutionize Delhi's infrastructure, the project is expected to generate over INR 4,200 crore in revenue and be completed by 2027....
Chandak Group receives 'Innovative Real Estate Marketing Campaign of the Year' award
Author : PNT Bureau
Chandak Group, a leading Mumbai real estate developer, has won the REAL ESTATE & BUSINESS EXCELLENCE AWARD for 'Innovative Real Estate Marketing Campaign of the Year.' The award was presented by Ms. Esha Deol at the Westin Mumbai Garden City. The campaign, notable for its comprehensive 360-degree approach, included print, OOH, IPL ads, digital, influencer marketing, and Out-Film advertising with the film Mr. & Mrs. Mahi. It also featured advanced CGI videos and a brand visibility initiative with Zomato. Launched in April 2024, the campaign for Chandak Highscape City achieved over 10 million views and 3,200 site visits within a month....
The Chapter to invest INR 850 crore in expanding luxury villa portfolio across India
Author : PNT Bureau
The Chapter, a luxury holiday home developer backed by prominent figures like Nadir Godrej, Anand Piramal, and the Burman family of Dabur India, plans to invest over INR 850 crore to develop high-end villas across key leisure destinations in India. The company, part of the Isprava Group, has acquired over 100 acres in Goa, Alibaug, Karjat, and Kasauli with an initial investment of INR 450 crore. Boosted by a INR 200 crore funding round led by Symphony International Holdings, The Chapter is expanding rapidly to meet the growing demand for branded luxury villas, with 600 villas under construction and 200 already delivered....
Century Real Estate Holdings Private Limited: A Legacy of excellence and innovation
Author : PNT Bureau
Century Real Estate Holdings Private Limited, founded in 1973, is a leading real estate developer in South India with over 50 years of legacy. Managing assets valued at over USD 2 billion and a development portfolio exceeding 20 million sq. ft., the company has achieved remarkable growth, including a 4X turnover increase in the past four years. Century's recent projects, like Century Novus and Century Trails, have sold out swiftly, reflecting high demand. Known for its strategic partnerships, accolades, and Great Place to Workr® recognition, Century is set for significant growth with ambitious plans for FY 24/25 and beyond....
NeoLiv and Royal Green Realty launch INR 600 crore development in Sonipat
Author : PNT Bureau
NeoLiv, in partnership with Royal Green Realty, is entering North India's real estate market with a major project in the Kundli-Sonipat Master Plan area. This 20-acre development, valued at over INR 600 crore, will feature premium villas, independent floors, and custom plots, along with a clubhouse designed by international architects. The project aims to meet the rising demand in the National Capital Region (NCR) driven by the nearby Maruti Suzuki plant, Asia's largest automobile facility. NeoLiv's CEO Mohit Malhotra and Royal Green's Managing Director Yashank Wason highlight the project's potential to enhance Sonipat's real estate landscape....
Suraksha Group injects INR 250 crore to revive Jaypee Infratech's stalled projects
Author : PNT Bureau
Suraksha Group, after acquiring Jaypee Infratech (JIL) through the insolvency process, has infused INR 250 crore into the company and arranged a INR 3,000 crore loan facility. This is part of their efforts to complete around 20,000 unfinished flats in the Delhi NCR region. JIL currently has INR 1,250 crore in funds, and Suraksha Group estimates an investment of INR 6,500-7,000 crore to complete the nearly 160 residential towers across various stalled projects. The group has accelerated construction in 62 towers and awarded contracts for 41 more, aiming to revive the long-stalled projects and provide relief to thousands of homebuyers....
Awfis partners with Nyati Group to manage three lakh square feet of workspace
Author : PNT Bureau
Awfis Space Solutions has expanded its partnership with Nyati Group, securing an additional three lakh square feet of grade-A workspaces under its managed aggregation model. This move increases Awfis' total workspace with Nyati to five lakh square feet across Pune. The company now operates around one lakh seats across 169 centres in 17 cities. Awfis has also signed agreements for 15,668 more seats, reinforcing its growth. With a client base dominated by large corporations and MNCs, Awfis maintains a strong portfolio, reflecting its strategic focus on asset-light expansion and long-term client relationships....
Sunteck Realty aims to double its GDV to INR 60,000 crore within 3 years
Author : PNT Bureau
Sunteck Realty plans to significantly increase its gross development value (GDV) from INR 30,000 crore to INR 60,000 crore over the next three years. This ambitious goal is supported by a major project in Dubai with a GDV of INR 9,000 crore and extensive expansions in Mumbai, including new phases and towers. The company is leveraging a strong balance sheet and a cash surplus of INR 1,532 crore to fund these initiatives. The Dubai project, strategically located near Burj Khalifa, aims to capitalise on the city's lucrative market, while Mumbai expansions focus on meeting growing demand and enhancing the development portfolio....
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