The House of Abhinandan Lodha (HoABL) announces One GOA, a luxury project
Author : PNT Bureau
The House of Abhinandan Lodha (HoABL) introduces One GOA, a revolutionary 130-acre luxury development in Bicholim, Goa, emphasising sustainability and opulent living. Featuring a 5-star hotel, expansive clubhouse, and a sprawling man-made beach, One GOA epitomises harmonious living amidst lush greenery. Designed by Enzyme architects, the project offers state-of-the-art amenities, including gyms, cafes, and a multi-cuisine restaurant. With Goa's infrastructure growth and improved connectivity, One GOA presents a lucrative investment opportunity. Committed to sustainability, the project boasts a carbon-negative status with over 3,000 trees planted. HoABL's portfolio spans 18 million sq. ft. across strategic locations in India, ensuring diverse investment options with growth potential....
Oberoi Realty to redevelop 12,790 sq. metre leased land for high-end residences
Author : PNT Bureau
Oberoi Realty has revealed plans to redevelop a 12,790 sq. metre plot in Adarsh Nagar, Worli, Mumbai, aiming to create new high-end residences. The project involves modernising seven buildings currently housing 504 flats, likely leased from the Maharashtra Housing and Area Development Authority. Expected to yield 624,000 sq. ft. of free sale space, Oberoi Realty's focus on high-end residences signifies a strategic move to target a specific segment of the Mumbai property market. Amidst a sales bookings slowdown, this redevelopment aims to revitalise Worli's Adarsh Nagar area, potentially incorporating sustainable features to attract environmentally-conscious buyers and redefine luxury living in the prime Mumbai location....
Godrej Properties reports strong Q4FY24 results: PAT up 14% to INR 471 crore
Author : PNT Bureau
Godrej Properties (GPL) reported a 14% rise in Q4 FY24 profit to INR 471 crore, up from INR 412 crore year-on-year. However, revenue fell 15% to INR 1,426 crore. For FY24, revenue rose to INR 3,035 crore from INR 2,252 crore in FY23, while adjusted EBITDA increased to INR 1,379 crore. The company added 10 new housing projects in FY24 with a total revenue potential of INR 21,225 crore, 42% more than its guidance of INR 15,000 crore. Total bookings for FY24 grew 84% to a record INR 22,527 crore driven by 20 million square feet of space sales. Going forward, GPL targets FY25 bookings of INR 27,000 crore....
Shriram Properties announces acquisition of 4-acre land parcel in Chandapura, Bengaluru
Author : PNT Bureau
Leading South Indian real estate developer Shriram Properties Limited (SPL) has announced the acquisition of a 4-acre land parcel in Chandapura, Bengaluru to develop a luxury residential project. The project will consist of approximately 350 meticulously designed apartments within a saleable area of 4 lakh square feet, with an estimated revenue of over Rs. 250 crores. Nestled in vibrant Chandapura with proximity to IT parks and amenities, the project aims to provide a high-quality living experience. SPL has a robust pipeline of 47 projects with 51 million square feet of saleable area, including 25 ongoing projects of 23.5 million square feet as of March 31, 2024....
Arvind SmartSpaces profits up by 62%, bookings hit record high of INR 1,107 crore
Author : PNT Bureau
Arvind SmartSpaces Ltd., renowned for its premium real estate developments in Ahmedabad, Bengaluru, and Pune, reported robust financial results for the quarter and fiscal year ending March 2024. With a remarkable 67% increase, the company's net profit for Q4 2023-24 surged to INR 15.49 crore, while the annual net profit reached INR 41.57 crore, reflecting a substantial 62% growth. Impressively, Arvind SmartSpaces achieved its highest-ever annual sales bookings of INR 1,107 crore, marking a notable 38% increase from the previous year's bookings. This stellar performance is attributed to strategic expansion efforts, new project acquisitions, and a heightened focus on customer satisfaction....
CapitaLand India Trust (CLINT) expands presence in Hyderabad's HITEC city with 2.5 million sq. ft. office space acquisition
Author : PNT Bureau
CapitaLand India Trust (CLINT), a Singapore-based REIT, expands its presence in Hyderabad's IT hub by acquiring 2.5 million sq. ft. of office space in HITEC City. The forward purchase agreement with Phoenix Group secures prime assets in a location with strong leasing demand. CLINT's phased investment approach strategically manages cash flow while benefiting from the area's growth potential. CEO Sanjeev Dasgupta highlights the strategic value of the acquisition, building on CLINT's successful track record in Hyderabad. This move highlights Hyderabad's appeal to major investors, driven by world-class infrastructure, SEZs, a skilled workforce, and government support, ensuring continued growth and innovation in HITEC City....
Raymond Ltd. reports 18% increase in profit, plans expansion into high-growth sectors
Author : PNT Bureau
Raymond Ltd. reports an 18% increase in consolidated profit after tax, reaching INR 229 crore in the last quarter of FY24, with a significant improvement from the previous year. Consolidated net revenue also rose by 23% to INR 2,688 crore. For the entire fiscal year, consolidated profit after tax surged to INR 1,638 crore, showcasing a growth of over 200%. Chairman Gautam Hari Singhania attributes this success to positive performance across all business segments, notably the real estate segment, which saw strong booking momentum. Raymond's diversification into high-growth sectors like aerospace, defence, and auto components further strengthens its position for future growth. Singhania's re-appointment as Managing Director reflects confidence in his leadership and vision for the company's future....
Trehan Group launches affordable housing project Shalimar Heights in Alwar
Author : PNT Bureau
The Trehan Group has launched a new affordable housing project called Shalimar Heights in Alwar, Rajasthan. Located just 10 minutes from the Delhi-Mumbai Expressway, the project offers connectivity to Delhi, Gurugram and Jaipur. Comprising 320 units of 1BHK and 2BHK flats priced between Rs. 10.25-23.99 lakhs, the project is part of Trehan Group's 200-acre township Apna Ghar Shalimar. Managing Director Saransh Trehan stated the project aims to fulfill the aspirations of homebuyers seeking affordable homes with amenities like security, backup power and recreational spaces....
UrbanWrk reveals cutting-edge workspace in Hyderabad's Hi-Tech hub
Author : PNT Bureau
UrbanWrk inaugurated a cutting-edge workspace spanning 50,000 sq ft at Raheja Mindspace, Hi-Tech City, Hyderabad, catering to enterprises with 50-500 employees. The design emphasises functionality and elegance, featuring a minimalist aesthetic with wooden rafters guiding visitors to various sections. With Hyderabad's flexi space market accounting for 6% of India's total, UrbanWrk's strategic move anticipates the city's entrepreneurial growth. Anuj Munot, Co-Founder and CEO, highlights the space's appeal to professionals and businesses seeking adaptability. With tech, BFSI, and flex spaces driving demand, Hyderabad's diverse industry landscape positions it for sustained flexi workspace growth, aligning with UrbanWrk's expansion strategy....
Godrej Properties reveals INR 30,000 crore expansion plan, targets major Indian cities for residential projects
Author : PNT Bureau
Godrej Properties, renowned for its quality and trust, is embarking on an aggressive expansion plan, aiming to launch residential projects worth INR 30,000 crore across major Indian cities this fiscal year. Bolstered by record-breaking sales bookings of INR 22,527 crore in 2023-24, the company solidifies its position as India's largest publicly listed real estate developer. Notable achievements include acquiring a 4-acre land parcel in Bengaluru and entering the Hyderabad market with a 12.5-acre acquisition. With a focus on sustainable construction practices and strategic expansion into key markets, Godrej Properties is poised for continued success....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
