Construction resumes on Jaypee Wish Town Projects in Noida, benefiting 20,000 homebuyers
Author : PNT Bureau
Nearly 20,000 homebuyers in Noida have positive news as construction on stalled Jaypee Wish Town projects resumes. Suraksha Group, which won the bid to take over Jaypee Infratech Ltd (JIL), has started work after a National Company Law Appellate Tribunal (NCLAT) decision on May 24, 2024. The tribunal upheld the takeover plan and directed Suraksha to pay INR 1,335 crore to the Yamuna Expressway Industrial Development Authority (YEIDA) for farmers' compensation within four years. With a new board and a working capital infusion of INR 3,000 crore, Suraksha aims to deliver homes within 3 to 3.5 years....
Godrej Properties sells 5% stake in green homes for INR 46.7 crore
Author : PNT Bureau
The Godrej Group announced an internal restructuring, with Godrej Properties Limited selling a 5% stake in its subsidiary, Godrej Green Homes, to Godrej Fund Management and Investment Advisors for INR 46.7 crore. This transaction frees up significant capital for Godrej Properties to invest in new developments or strengthen existing projects. It underscores the group's proactive investment strategy within the real estate sector, valued at INR 1,914.82 crore. The sale also emphasizes the growing focus on sustainable living, positioning Godrej Green Homes as a key player in eco-friendly housing within the portfolio....
Brigade Enterprises achieves record pre-sales of INR 7,601.25 crore in FY24
Author : PNT Bureau
Brigade Enterprises capped off a successful FY24 with record residential pre-sales of INR 7,601.25 crore, a 6% year-on-year increase. The company also reached its highest-ever collections of INR 15,915.1 crore. In the coming year, Brigade plans to launch 12.6 million square feet of new residential projects in Bengaluru, Hyderabad, and Chennai, aiming for a potential gross development value of INR 7,130 crore. Additionally, Brigade's office spaces saw net absorption surpassing 1 million square feet and a 97.5% occupancy rate. The company expects a 15-16% growth in rental income for FY25....
Runwal launches 'Breeze' tower in Thane with over 500 apartments starting at INR 62 lakh
Author : PNT Bureau
Runwal has revealed "Breeze," a new residential tower within its Runwal Lands End project in Thane's Kolshet area. Offering over 500 Vaastu-compliant 1 and 2-bedroom apartments, priced between INR 62 lakh and INR 1.10 crore, "Breeze" prioritizes space, privacy, and stunning views of 1,600 acres of greenery and the Ulhas River. The 10-acre Runwal Lands End features 70% open space and over 70 resort-style amenities, including a multi-layered clubhouse, putting green, sunrise gazebo, swimming pool, and a massive vehicle-free podium. Strategically located in Thane, Kolshet combines serenity with excellent connectivity and infrastructure, making it an attractive residential option....
Raheja Developers relaunches the "Surakshit Nivesh Yojna Scheme" for their Delhi Mall Complex on Main Patel Nagar Road after the success of its initial phase. Investors can choose between two payment plans tailored to their budget, offering flexible payment options spread throughout the construction process. With minimum investments starting from INR 32.46 lakh, the scheme includes special benefits for senior citizens and women. Located in a prime area with easy access to prominent locations, the mall's completion is poised to attract national and international brands, promising good rental income and potential capital appreciation for investors. Registration closes on June 20th, 2024, with unit allocation through a draw on June 23rd....
FY24 sees major recovery in India's housing market with INR 1.17 lakh crore in sales
Author : PNT Bureau
In FY24, 18 major listed real estate developers in India sold properties worth INR 1.17 lakh crore, driven by strong demand for residential properties, especially luxury homes. Godrej Properties led with sales of INR 22,527 crore, followed by Prestige Estates at INR 21,040 crore and DLF at INR 14,778 crore. The combined sales bookings rose 33% from the previous year. This rise is attributed to post-COVID housing demand and a shift towards trusted brands. Significant performers included Macrotech Developers, Signature Global, Sobha Ltd, and Brigade Enterprises, highlighting robust pre-sales in major cities across India....
Puravankara expands in MMR with new projects in Thane, Pali Hill, and Lokhandwala
Author : PNT Bureau
Puravankara Limited's strategic land acquisitions and redevelopment initiatives mark a significant transformation in Mumbai's real estate scene. With the acquisition of a 12.75-acre land parcel in Thane's Patlipada area and redevelopment projects in Lokhandwala and Pali Hills, the company aims to create over INR 7,500 crore in Gross Development Value (GDV). These ventures promise modern living spaces, enhanced connectivity, and revitalized neighbourhoods. Puravankara's multi-pronged approach positions them as a major player in Mumbai's residential market, offering diverse housing options and reshaping the city's skyline for years to come....
Mahindra Lifespaces launches phase 4, completing Happinest Tathawade in Pune
Author : PNT Bureau
Mahindra Lifespace Developers Limited (MLDL) reveals the final phase of Mahindra Happinest Tathawade in Pune, reporting rapid sales in earlier phases. Tower A, offering 2 BHK units and duplexes, is part of this sought-after development in the PCMC area. MLDL introduces highway-facing offices and shops, enhancing resident convenience and reaffirming its commitment to thoughtful amenities. Positioned near the Mumbai-Pune highway and Hinjewadi IT hub, the project benefits from its strategic location. Designed for modern living, Mahindra Happinest Tathawade addresses post-pandemic lifestyle needs with unique amenities and efficient space utilization. Residents enjoy easy access to transit points, health facilities, and retail options, ensuring a holistic living experience....
Concorde presents Concorde Mayfair with a gross development value of INR 700 crore
Author : PNT Bureau
Concorde Mayfair, a cutting-edge development in Yelhanka, Bangalore by Concorde, offers a holistic urban lifestyle. Spanning 3.35 acres, this project merges 217 carefully crafted 2 and 3 BHK residences with commercial units and retail outlets, creating a self-sufficient community. With 60%+ open spaces, residents can seamlessly live, work, and relax within this dynamic microcosm. The project features four 14-story towers, including a pinnacle 'Evolve' clubhouse on the 14th floor, providing unparalleled views and amenities. Emphasizing sustainability, Concorde Mayfair integrates eco-friendly practices and prioritizes connectivity, offering residents unmatched comfort and convenience in the bustling heart of Yelhanka....
Paras Buildtech launches INR 490 crore ultra luxury project in Gurugram
Author : PNT Bureau
Paras Buildtech's new project, "The Manor," in Gurugram's upscale Gwal Pahari, aims at luxury living with 120 expansive apartments, each 4,750 sq. ft, priced around INR 9 crore. With an INR 490 crore investment, The Manor addresses the growing demand for high-end housing. Construction begins soon, targeting an August 2028 completion. The development highlights Gurugram's rise as a luxury housing hub, driven by affluent residents. Paras Buildtech, renowned for delivering over 15 million sq. ft of residential and commercial spaces, expects a total revenue of INR 1,200 crore from this exclusive project....
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