Tribeca in talks to expand Trump Towers brand across Indian cities
Author : PNT Bureau
Tribeca, a leading real estate developer, is in discussions to expand the Trump Towers brand across more Indian cities. Despite the buzz surrounding Donald Trump's participation in the upcoming US elections, the company maintains that it stays clear of any political associations in its projects. With luxury living as the focus, Tribeca plans to further build upon the success of its existing Trump Towers in India. The developer is committed to delivering high-end residences while ensuring the brand remains detached from any political connotations....
Rustomjee targets INR 1,750 crore GDV with 'Verdant Vistas' launch in Thane
Author : PNT Bureau
Real estate developer Rustomjee has announced the launch of its new project, 'Verdant Vistas,' in Thane, aiming for a Gross Development Value (GDV) of INR 1,750 crore. The project focuses on luxury living, offering modern amenities and green spaces in one of Mumbai's rapidly growing suburbs. With this launch, Rustomjee aims to strengthen its presence in the Thane real estate market, attracting homebuyers seeking a blend of urban convenience and natural beauty....
Shriram Properties reveal new brand identity with SPLNxT mission
Author : PNT Bureau
Shriram Properties Limited (SPL) marks its 25th anniversary with a brand transformation initiative under the SPLNxT mission. This rebranding aims to resonate with modern buyers while retaining core values of quality and innovation. The company targets the growing mid-market segment, which accounted for 59% of housing demand in India in 2023. SPL plans to expand its footprint in key cities, aiming to double sales and triple revenue within three years. The company's robust pipeline of 42 projects and impressive growth metrics underscore its commitment to capturing new market opportunities....
Flutter Entertainment is set to launch Hyderabad GCC with USD 3.5 million
Author : PNT Bureau
Flutter Entertainment has invested USD 3.5 million to establish a global capability centre in Hyderabad's Knowledge City, marking a significant expansion in India. The 80,000-square-foot facility will accommodate over 700 employees in various roles, with plans to increase headcount to 900 by 2024. The expansion aligns with Flutter's global strategy of leading the industry through innovation in iGaming and sports betting. The company also aims to have 40% of leadership positions filled by women by 2026. Additionally, Flutter has pledged GBP 30,000 to support local initiatives, reinforcing its commitment to growth and corporate social responsibility....
Tower C of Chintels Paradiso deemed unsafe by CBRI, demolition scheduled for November
Author : PNT Bureau
The Central Building Research Institute (CBRI) has declared Tower C of Chintels Paradiso unsafe for habitation, marking it as the seventh out of nine towers in the complex deemed unfit. This follows a vertical collapse in February 2022 that killed two residents. The CBRI report cited severe corrosion and poor-quality concrete as key issues, making the tower non-compliant with safety standards, especially given its location in seismic zone IV. The report recommended demolition over costly and ineffective repairs. The developer is reviewing the report and will extend similar offers to Tower C's residents as previously done. The district administration has ordered the evacuation of Tower J and is prepared to take legal action if necessary....
India Rashtra and Vanya City offer exclusive society shops in Gurgaon with flexible payment plans
Author : PNT Bureau
Investors can now capitalise on prime commercial real estate with the launch of society shops at India Rashtra, Sector 88A, and Vanya City, Sector 99A, Gurgaon. These projects, authorised under the New Integrated Licensing Policy 2022 and Deen Dayal Jan Awas Yojana, offer lockable shops in highly desirable locations along Dwarka Expressway. India Rashtra offers shops from 312.328 to 384.537 sq. ft., while Vanya City features spaces from 399.95 to 1381.36 sq. ft. Registration for both projects is open until 5th September 2024, with the draw of lots on 7th September 2024. Investment starts from INR 32.46 lacs for India Rashtra and INR 46 lacs for Vanya City....
Macrotech Developers net debt increased by 43.5% to INR 4,320 crore in Q1 FY25
Author : PNT Bureau
Macrotech Developers Ltd, under the Lodha brand, saw its net debt rise by 43.5% to INR 4,320 crore in Q1 FY 2024-25, due to increased investment in land acquisition and construction. Despite this, the debt remains manageable at 0.24 times equity. The company's CEO, Abhishek Lodha, highlighted strong cash flows and reduced funding costs. Macrotech achieved a 20% growth in sale bookings, reaching INR 4,030 crore, with customer collections up by 12%. The firm reported a 2.7-fold increase in net profit to INR 475.3 crore and continues to expand its real estate footprint, particularly in Mumbai and Pune....
Signature Global plans major expansion with new projects in Delhi, Noida, and Greater Noida
Author : PNT Bureau
Signature Global, a Gurugram-based real estate firm, is set to expand with new housing projects in Delhi, Noida, and Greater Noida. The company has already delivered 11 million square feet of space and plans to develop 32.2 million square feet of new projects. CEO Rajat Kathuria noted that major projects outside Gurugram are expected to launch in the next financial year. For Q1 2024-25, Signature Global reported a substantial rise in sales bookings to INR 3,120 crore from INR 880 crore and achieved a net profit of INR 6.76 crore, reversing last year's loss. Net debt fell by 16% to INR 980 crore....
Zo World's Whitefield Clubhouse blends luxury real estate with partial ownership
Author : PNT Bureau
The Zo World introduces its latest tech-enabled clubhouse in Whitefield, Bangalore, offering a unique blend of luxury real estate and fractional ownership. Founded by Dharamveer Singh Chouhan and Chetan Singh Chauhan, Zo House caters to an exclusive community of artists, web3 innovators, and entrepreneurs. Members enjoy advanced collaborative spaces, wellness zones, fine dining, and access to a global network. The clubhouse operates on a blockchain-based NFT-gated system, with limited "Founder NFTs" offering lifetime global access and profit-sharing. This 36,000 sq.ft clubhouse demonstrates Zo's innovative lifestyle concept, with similar successful spaces in Koramangala, Dubai, and San Francisco....
Chandak Group honoured for 'Transformation Excellence Western Suburbs' at Times Redevelopment Awards 2024
Author : PNT Bureau
Chandak Group, a renowned Mumbai-based real estate developer with over 35 years of experience, has been honoured with the Times Redevelopment Award 2024 for 'Transformation Excellence Western Suburbs'. Their extensive portfolio includes 10 active projects across 12 million square feet, enhancing living standards for over 10,000 families. Key projects include Chandak Highscape City and Chandak Treesourus. Specialising in Society and Slum Redevelopment Schemes, Chandak Group focuses on transforming ageing neighbourhoods into modern, well-planned communities. Their approach aims to uplift living conditions and create thriving environments, responding to Mumbai's growing need for redevelopment....
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