Innov8 expands to Delhi's Aerocity with a 9,500 sq. ft. coworking workspace
Author : PNT Bureau
Innov8 has expanded its footprint in Delhi with the inauguration of its latest coworking space in Aerocity, featuring 9,500 square feet of workspace with 217 dedicated seats, state-of-the-art conference rooms, and meeting facilities. Strategically located near the Indira Gandhi International Airport and the Aerocity metro station, the center offers unparalleled accessibility for businesses. With a significant investment of INR 4 crore, Innov8 aims to set a new standard for coworking spaces in Delhi, catering to the needs of modern businesses while fostering a sense of community and collaboration. The launch of Innov8 Aerocity underscores the company's commitment to providing strategic locations, modern amenities, and fostering innovation and entrepreneurship in India's coworking space industry....
DLF re-enters Mumbai's luxury property market with a target of INR 17,000 crore in sales bookings for FY25
Author : PNT Bureau
Gurgaon-based real estate giant DLF is re-entering Mumbai's luxury property market after an 11-year hiatus, planning to launch projects with flats priced between INR 6 crore and INR 28 crore in FY25. Targeting INR 3,500-5,000 crore of its projected INR 17,000 crore sales bookings from Mumbai's super-luxury segment, DLF aims to capture a significant market share. Additionally, DLF will launch 62 exclusive villas in Goa, priced at INR 40-50 crore each, catering to high-end buyers, including NRIs. With a solid financial foundation and a focus on high-quality developments, DLF's strategic moves are poised to strengthen its position in India's luxury real estate market....
ArisUnitern to boost Essem 18's real estate portfolio with comprehensive management services
Author : PNT Bureau
ArisUnitern, a real estate service provider, has partnered with Essem 18 to enhance its real estate portfolio through development management services. This collaboration aims to fast-track Essem 18's 18-acre plotted development in Shettigere, Bengaluru, by securing INR 40 crore in financing and providing sales and marketing support. ArisUnitern's role includes end-to-end project management, reflecting a trend where developers seek specialized services for quality and timely delivery. This partnership highlights ArisUnitern's growth, securing eight projects and raising over INR 300 crore recently, and underscores the evolving focus on quality in the Indian real estate industry....
Table Space bolsters presence in India with major leases in key urban hubs
Author : PNT Bureau
Table Space, a managed office solutions provider, has leased over 2.5 million sq ft across Chennai, Mumbai, Hyderabad, and Bengaluru. In Chennai, it secured 500,000 sq ft at Mapletree Global Infocity Park and 160,000 sq ft with DLF. In Mumbai, it added 55,000 sq ft at Oberoi Commerz III, 200,000 sq ft at Runwal R-Square, and 29,000 sq ft at Raheja Altimus Worli, with plans for an additional 500,000 sq ft. In Hyderabad, it leased 260,000 sq ft at Mindspace IT park, planning for another 500,000 sq ft. In Bengaluru, it acquired 55,000 sq ft at UB City, 100,000 sq ft at Cafe Coffee Day Square, and plans for 500,000 sq ft in Whitefield....
Bhumika Group expands to NCR with 8.5 lakh sq.ft development project
Author : PNT Bureau
Bhumika Group, a leading real estate developer headquartered in Rajasthan, is expanding its retail portfolio in NCR with the addition of 8.5 lakh square feet of new space. Their current projects include a 5.5 lakh sq ft retail development in Faridabad located on a prime 2-acre Mathura Road frontage. They are also developing 3 lakh sqft under a PPP scheme and have started work on an NHPC Metro station redevelopment. The new projects are being funded through internal cash flows and bank loans, demonstrating Bhumika's strong financial position. Their innovative Urban Square Mall in Udaipur achieved full occupancy with over 80 domestic and international brands, revolutionizing shopping in Rajasthan....
Oberoi Realty rises with 64% increase in net profit, defying market expectations
Author : PNT Bureau
Oberoi Realty impressively reported a net profit of INR 788 crore (USD 94.39 million) in Q4 FY24, a remarkable 64.1% surge compared to the previous year, exceeding analyst expectations. Their revenue from operations soared by nearly 37% to INR 1,315 crore, reflecting robust demand for luxury projects despite a 10-15% price hike. With 228 units sold, Oberoi Realty maintains its appeal among affluent buyers. Additionally, boasting a low debt-equity ratio of 0.18 and a net worth of INR 13,844.41 crore, the company stands financially strong for future expansion and investment, signaling a promising trajectory in India's luxury real estate sector....
Nimbus Realty launches luxury project "The Palm Village" on Yamuna Expressway
Author : PNT Bureau
Nimbus Realty released Nimbus The Palm Village, a luxury residential development near the Yamuna Expressway in Noida. The construction features 3 BHK independent floors, 1 BHK furnished flats, and High Retail street businesses, as well as Spanish architecture and ample green space. The property includes lavish amenities like a swimming pool, gym, and numerous gardens, which improve the living experience. The Palm Village, which is strategically positioned near major highways, metro connectivity, and the new Jewar International Airport, promises to raise luxury living standards while attracting investors and businesses to Noida....
Mumbai's Vaidya Spaces unveils investment plans of INR 1,000 crore across prime projects
Author : PNT Bureau
Vaidya Spaces Pvt. Ltd., a prominent Mumbai developer, unveils a significant investment plan of INR 1,000 crore for upcoming residential and commercial projects. Their focus remains on large-scale redevelopment in prime Mumbai areas, marking a year of milestones and continued growth. Notable achievements include completing projects ahead of RERA timelines and showcasing resilience during the COVID-19 pandemic. Led by seasoned architects Jayant and Sadhana Vaidya, the company boasts a flawless track record and a commitment to excellence. Their accessibility and unwavering dedication, coupled with a flawless record under MahaRERA, establish unprecedented standards in the real estate industry, shaping Mumbai's future development....
County Group achieves milestone by completing three housing projects in one year
Author : PNT Bureau
Leading real estate developer County Group has set a new benchmark in the industry by completing over 41.50 lakh square feet across its three housing projects - Coco County, Ivy County and County 107 - in just one year. This is a notable achievement given Noida's reputation for delays and litigation in real estate. The projects were delivered ahead of their committed RERA timelines, showcasing County Group's excellence and efficiency. Coco County is a 12.21 lakh sq ft premium project in Greater Noida, Ivy County is a 14.74 lakh sq ft luxury project in Noida, and County 107 is a 14.78 lakh sq ft ultra-luxury project in upscale Sector 107, Noida. All feature thoughtfully designed luxury living spaces. With a track record of on-time deliveries, zero complaints, and resale value appreciation, the company is trusted for landmark projects across NCR....
Ajmera Realty & Infra India Ltd.'s Q4 FY24 profit at INR 77 crore, marking a fivefold growth journey
Author : PNT Bureau
Ajmera Realty & Infra India Ltd experienced a remarkable rise in its financial performance for Q4 FY24 and the full fiscal year. Net consolidated profit soared by 90.40%, reaching INR 28.77 crore, while total income jumped by 98.71% to INR 234.08 crore. The company announced a final dividend of INR 4 per equity share and appointed Hemanti Prashant Sutaria as an independent director. Sales value doubled to INR 287 crore in Q4, with collections growing by 91%. Despite growth, the debt-equity ratio improved to 0.90:1. The company aims for 5x growth, projecting a 33% increase in pre-sales for FY25....
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