Sheth Avalon announces largest 5-BHK apartments in Thane (2,722 sq. ft. carpet area)
Author : PNT Bureau
Ashwin Sheth Group's "The 2722 Life" campaign introduces 5-bedroom residences at Sheth Avalon, Thane, featuring an expansive 2,722 sq. ft. carpet area - the largest in the region. Designed by ZZ Architects and Coopers Hill, these homes blend modern elegance with traditional charm. Sheth Avalon spans 5.5 acres, offering over 35 high-end amenities, including a swimming pool and clubhouse. Situated in Thane's Platinum Belt, the project provides luxury living with excellent connectivity. Bhavik Bhandari, Chief Sales and Marketing Officer, highlights the campaign's commitment to unparalleled living experiences, setting a new benchmark for luxury in Thane....
DRA Homes reveals plans for 400 luxurious sea view apartments in OMR, Chennai
Author : PNT Bureau
Real estate developer DRA Homes has announced plans to construct 400 upscale apartments boasting stunning ocean views along Chennai's Old Mahabalipuram Road (OMR). Situated on a strategically chosen 3.43-acre plot in Navalur, the project offers residents a tranquil coastal lifestyle with convenient access to essential amenities. Spread over 7 lakh square feet, the development is projected to generate INR 650 crore in revenue over the next four years. Managing Director Ranjeeth Rathod anticipates that these sea-view apartments will set a new standard for luxury living in Chennai, catering to the city's growing demand for modern, premium residences....
Suraksha Group to pay INR 133 crore to YEIDA by August 24
Author : PNT Bureau
The Suraksha Group is set to pay the first instalment of INR 133 crore to the Yamuna Expressway Industrial Development Authority (YEIDA) before August 24. This payment is a crucial step in the ongoing resolution process. The Suraksha Group's commitment to making this payment highlights progress in their financial obligations. Meeting this deadline signifies attachment to the agreed-upon terms, demonstrating a positive stride towards resolving financial matters with YEIDA. The payment of INR 133 crore within three months marks a significant development in the ongoing discussions between Suraksha Group and YEIDA, contributing to the compensation to farmers and continued progress of the resolution process....
Unsold housing stock rises by 24% in top seven cities in India
Author : PNT Bureau
In the top seven cities, the number of unsold homes has increased by 24%. However, the time it takes to sell these homes has decreased by 31%. This means while there are more unsold properties, they are being sold faster than before. The real estate market is showing mixed signals with an increase in available homes but a quicker turnover rate. This could indicate growing demand or more effective selling strategies. The housing market is experiencing significant changes in both supply and sales speed by reflecting the dynamic nature of the real estate market, suggesting that buyers are more active, and sellers are adapting quickly....
Total Environment secures over INR 1600 crore to complete and deliver 12 million sq. ft. of projects
Author : PNT Bureau
Total Environment, a Bangalore-based real estate developer, secures over INR 1,600 crore funding, accelerating residential project delivery across Bangalore spanning 12 million sq. ft. The funding, sourced from top banks, comes after robust residential sales performance. Founder Kamal Sagar attributes their strategic exit from expensive debt to sales focus and market uptrend, enabling loans at lower interest rates (9.7% to 12.5%). This shift from higher-interest investments marks Total Environment's transition, aiming to deliver 100 homes monthly. The move aligns with the booming Indian residential sector, witnessing heightened sales and increased investments, positioning Total Environment advantageously in Bangalore's competitive market....
Gopalan Enterprises aims for INR 500 crore in annual office rental income with INR 2,000 crore investment
Author : PNT Bureau
Bangalore-based Gopalan Enterprises plans to invest INR 2,000 crore to develop a 20 million sq. ft office portfolio, aiming to increase annual rental income to INR 500 crore within four to five years. This strategic move addresses the rising demand for large corporate campuses. With prestigious clients like Oracle, Samsung, Google, and TCS, Gopalan focuses on key locations like Whitefield and Outer Ring Road in Bengaluru. Additionally, they are expanding their aerospace park to 1 million sq. ft and diversifying into various sectors, positioning themselves for growth in real estate, aerospace, education, and more....
Mahindra Lifespace sets ambitious growth targets at 5X sales bookings by 2028
Author : PNT Bureau
Mahindra Lifespace anticipates a fivefold increase in bookings by the financial year 2028, driven by strategic expansions and innovative projects. The company aims to use its reputation for quality and sustainability by focusing on technology integration and efficient project execution to attract a broader customer base. This projection is supported by strong market demand and Mahindra Lifespace's commitment to delivering premium residential and commercial properties. Enhanced marketing efforts and customer-centric initiatives are also expected to play a crucial role in achieving this ambitious target. Overall, Mahindra Lifespace is poised for significant growth, reinforcing its position as a leader in the real estate sector....
Chitra Housing Society Completes high-quality self-redevelopment and repays INR 20 crore loan
Author : PNT Bureau
Residents of Chitra Cooperative Housing Society in Chembur celebrated paying off an INR 20 crore bank loan after independently redeveloping their building themselves. They completed construction faster and at a higher quality than offered by private builders. Originally consisting of 12 flats averaging 450 sqft each, the new 19-story tower designed by T Khareghat contains 56 flats, with each member receiving 1,150 sqft generating significant rental income. They repaid the loan within 6 months of moving in, setting an example for other housing societies undertaking redevelopment. The event was attended by housing activist Chandrashekhar Prabhu and MLA Bacchu Kadu, who was interested in understanding their novel self-redevelopment model....
Raymond to raise INR 25,000 crore for real estate ventures and targets 300 new stores by FY25
Author : PNT Bureau
Raymond, a leading textile and apparel company, is undertaking a major expansion by raising INR 25,000 crore to boost its real estate ventures and open 300 new stores by FY25. The company is also negotiating joint real estate contracts worth INR 5,000 crore, further supporting its ambitious growth plans. Through its real estate activities Raymond raised INR 25,000 crore. These strategic initiatives aim to enhance Raymond's market presence and drive significant business growth, showcasing its commitment to expanding its footprint and redefining its industry position. Through this bold expansion, Raymond is poised to achieve remarkable success and strengthen its leadership in the market....
Ashar Group launches "Ashar Merac" in Thane with 2000 homes spanning across 11 acres
Author : PNT Bureau
Thane's skyline is set for a transformation with the launch of "Ashar Merac," a residential project by the Ashar Group. Spanning 11 acres, with the first phase covering 4 acres, it offers over 2,000 1, 2, and 3-bedroom residences. Designed by architect Hafeez Contractor, these homes boast expansive living spaces and balconies, blending style with functionality. With amenities spread across three levels, including jogging tracks, mini-golf courses, and a massive swimming pool dubbed "The Oasis," residents will find everything they need for leisure and relaxation. Positioned in Shree Nagar (MTC), residents will enjoy easy access to nature and excellent connectivity via the Mumbai Metropolitan Region network, making it a prime investment opportunity in Thane's booming real estate market....
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