NBR Group unveils new logo and tagline as it expands into luxury gated community living
Author : PNT Bureau
NBR Group, a prominent real estate developer in Bengaluru, has unveiled a new logo and tagline, "Elevate to Extraordinary," marking its shift from mid-segment homes to luxury high-rise gated communities. With over 25 years in the industry and a portfolio of 12 million square feet of residential space, NBR is reinforcing its commitment to excellence in urban living. The revamped brand identity reflects a focus on aspirational lifestyles, modern amenities, and sustainability, with a new project worth over INR 1200 crore underway. Managing Director Nagabhushan Reddy highlighted the brand's dedication to creating superior living experiences for its discerning clientele....
Concorde NEO: North Bengaluru's new urban living destination with smart homes and community-centric design
Author : PNT Bureau
Concorde, a leading developer in Bengaluru, is launching Concorde NEO, a residential project on Thanisandra Main Road spanning 4.02 acres with a revenue potential of INR 450 crores. The project features six towers with 424 units designed for community living, boasting over 40 amenities, including a 7,000-square-foot "Evolve" clubhouse. Its strategic location offers easy access to Kempegowda International Airport and nearby metro stations, enhancing connectivity for residents. Emphasizing sustainability, Concorde NEO incorporates smart technology and eco-friendly systems, making it an attractive option for families and professionals seeking modern urban living in a rapidly developing area....
Uttar Pradesh government revives Wave Group's lease for Noida commercial property
Author : PNT Bureau
The state government has reversed the decision made by the Noida Authority in February 2021 to cancel the lease of 1.08 lakh square meters of commercial land allocated to Wave Group, highlighting the potential economic advantages of the project. Wave had challenged the cancellation, claiming procedural flaws, and the government reinstated the lease with revised compliance terms. Under the new arrangement, Wave's dues of INR 1,156 crore will be recalculated without penalties during the cancellation period. Despite project delays since its 2011 launch due to external regulatory challenges, Wave warns that lease cancellation could harm retail buyers, as the company has made significant investments in the project....
Certus Capital invests INR 150 crore in mid-market housing projects in MMR
Author : PNT Bureau
Certus Capital, a real estate investment firm, has invested INR 150 crore in two mid-market housing projects in Mumbai Metropolitan Region (MMR) by JSB Group and Dynamix Group, targeting areas near Mumbai Airport and Vasai. Covering 385,000 sq ft, the projects could generate over INR 750 crore in revenue. This aligns with Certus's plan to invest INR 1,000 crore in secured credit by year-end. With investments in Pune, Chennai, and prospective ventures in Bengaluru and Hyderabad, Certus is diversifying its portfolio. The firm's digital platform Earnnest.me has attracted a 77% reinvestment rate, underlining investor confidence in its real estate-focused strategy....
Abhishek Lodha and family transfer INR 20,000 crore stake to philanthropic foundation for social causes
Author : PNT Bureau
Real estate mogul Abhishek Lodha and his family have announced plans to transfer shares worth around INR 20,000 crore from Macrotech Developers (MDL) to the Lodha Philanthropy Foundation (LPF). This transfer of approximately 18-19% of the Lodha family's stake in MDL, inspired by the Tata Group's philanthropic model, will be used to fund social initiatives in education, women's empowerment, and sustainable urban development....
House of Hiranandani strengthens its presence in the Mumbai Metropolitan Region
Author : PNT Bureau
The House of Hiranandani, led by Surendra Hiranandani, has announced a strategic investment of INR 12,500 crore to expand its footprint in the Mumbai Metropolitan Region (MMR) over the next two years. This initiative includes luxury developments spanning over 7.3 million square feet and key projects in Thane and Chembur. With a growing commercial portfolio and a commitment to sustainable luxury, the company aims to enhance the urban landscape and meet the rising demand for premium residential and commercial spaces in the region....
Prestige Estates Projects strengthens portfolio with key land and equity acquisitions
Author : PNT Bureau
Prestige Estates Projects has made significant strides in Bengaluru's real estate market by acquiring 17.45 acres of land in Whitefield for INR 462 crore, set for residential development with 2.68 million sq ft of buildable area. The company has also invested in various equity stakes, including a 25% stake in K2K Infrastructure India and a 27% stake in Prestige Garden Estates, transitioning these entities into wholly-owned subsidiaries. Additionally, a 16% stake in Prestige Projects has been acquired, increasing ownership to 76%, solidifying their influence and growth potential in the sector....
SPL expands portfolio with new mixed-use development in Undri, Pune
Author : PNT Bureau
Shriram Properties Limited (SPL) has signed a Joint Development Agreement for a six-acre land parcel in Undri, Pune, to develop a mixed-use project featuring over 650 apartments and retail/commercial spaces. With a total saleable area exceeding one million square feet, the project has an estimated revenue potential of INR 700-750 crore and is expected to launch in H2 FY25. SPL also plans to secure rights for an additional eight acres primarily for retail and commercial development....
Panchshil Realty's Wagholi Estates sells 4.8-acre land in Pune for INR 103 crore to Vilas Javdekar Infinitee Developers
Author : PNT Bureau
Panchshil Realty's subsidiary, Wagholi Estates, sold a 4.8-acre land parcel in Pune's Wagholi to Vilas Javdekar Infinitee Developers for over INR 103 crore. The land is part of Panchshil's 4.5 million sq ft IT park project, with 1 million sq ft designated for residential development in this mixed-use layout. Registered on October 21 with a stamp duty of INR 7.21 crore, the transaction highlights growing demand for land in high-growth areas like Pune. As major cities such as Mumbai, Chennai, and Bengaluru expand, developers and investors are actively pursuing land for new residential, commercial, and mixed-use projects....
Nimbus and Theme County take over Noida projects, providing relief for 1,000 homebuyers
Author : PNT Bureau
The Noida Authority has approved two projects under the Uttar Pradesh government's co-development policy to address stalled real estate developments. Nimbus Projects will oversee Sunworld Residency in Sector 168, and Theme County will manage a project in Sector 115, benefiting approximately 1,000 homebuyers. The initiative follows the Hawelia Group's takeover of Shree Radha Sky Garden in Greater Noida. The new developers are required to settle dues and secure funding to complete the projects. With around 190,000 housing units worth INR 1 lakh crore currently stalled in the region, this policy aims to revitalize the market....
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