Kalpataru secures INR 2,100 crore redevelopment project in Andheri's Lokhandwala
Author : PNT Bureau
Kalpataru Ltd. has secured the rights to redevelop a housing society in Mumbai's Lokhandwala area, with a projected value of INR 2,100 crore. This ambitious project encompasses transforming nearly 4 acres of land, including 12 existing residential buildings, into a modern development exceeding 8 lakh sq. ft. Kalpataru plans to prioritize resident well-being by providing 3 lakh sq. ft of redeveloped space for existing residents, alongside saleable space projected to generate significant revenue. Emphasizing modern design and amenities, including green spaces with mangrove views, the project aligns with Mumbai's redevelopment boom, contributing to urban revitalization. This strategic move reflects Kalpataru's commitment to meeting evolving buyer preferences and capitalizing on Mumbai's real estate potential....
E-infra and Hero FinCorp partner for a USD 50 million project in Hyderabad with Elegant Nivasa
Author : PNT Bureau
E-infra, a prominent developer with a vast portfolio, has teamed up with Hero FinCorp to develop Elegant Nivasa, a luxury residential project in Hyderabad's prime location of Tellapur. Spread across 4 acres, the project comprises three 23-floor towers offering spacious apartments ranging from 1375 to 2205 sq. ft. With a lavish clubhouse and HMDA approval, Elegant Nivasa promises a luxurious lifestyle adhering to all regulations. This partnership aims to achieve a turnover of INR 300 crore in three years, supported by Hero FinCorp's financial expertise. Both parties' express enthusiasm for the collaboration, emphasizing luxury living, architectural finesse, and community building....
Lohia Global ventures into real estate via subsidiary Lohia Developers, investing INR 1,000 crore
Author : PNT Bureau
Lohia Global, a conglomerate spanning multiple sectors, is entering the real estate market through its subsidiary, Lohia Developers, targeting India's premium housing segment in tier-II cities. With a substantial investment of INR 1,000 crore, they plan to develop five projects covering 30 lakh square feet in Moradabad, Lucknow, and Delhi NCR over five years. Director Pyush Lohia cites increasing demand for high-quality housing in tier-II cities, driven by rising disposable incomes. With a significant land bank, they aim to construct 175 villas in Moradabad initially, followed by group housing projects in Delhi and Lucknow. This strategic move aligns with Lohia Global's ambitious revenue target of USD 1 billion by 2030, with real estate projected to contribute significantly. While their focus on tier-II cities and premium housing presents a novel approach, its success will be closely mon...
Indiabulls Real Estate obtains Sky Forest projects for INR 646.71 crore in Mumbai
Author : PNT Bureau
Indiabulls Real Estate has bolstered its presence in Mumbai through the strategic acquisition of Sky Forest Projects (SFPPL), completed by its subsidiary, Indiabulls Constructions. The acquisition, valued at approximately INR 646.71 crore, grants Indiabulls full ownership of Sky Forest, a residential project in Lower Parel. Despite reporting a consolidated net loss of INR 1,038.65 crore for FY24, indicating a rise from the previous year, the move underscores Indiabulls' commitment to Mumbai's real estate market. Analysts view the acquisition positively, citing Lower Parel's established commercial and residential status, though effective project management will be crucial amid rising construction costs and market competition. The acquisition marks a pivotal moment for Indiabulls Real Estate, signaling confidence in Mumbai's growth potential and the premium residential segment....
Tulip Monsella sells over INR 300 crore on launch day in Gurugram
Author : PNT Bureau
Tulip Infratech's luxury project, Tulip Monsella, in Gurugram, witnessed remarkable success with its second phase launch, generating over INR 300 crore in sales on the first day alone. The project offers a comprehensive mixed-use development spanning 60 lakh sq. ft., including luxurious residential units and 6 lakh sq. ft. of commercial space. The competitive pricing at INR 27,000 per sq. ft. attracted discerning homebuyers, leading to rapid sales. The project's strategic location, upscale amenities, and Tulip Infratech's proven track record contribute to its appeal. This success signals a strong demand for high-quality luxury developments in Gurugram's real estate market....
Sumadhura Group acquires 40 acres in Bengaluru for INR 800 crore
Author : PNT Bureau
Sumadhura Group, a real estate developer in South India, has announced land acquisition in Bengaluru, demonstrating confidence in the city's thriving housing market. With an investment of approximately INR 800 crore, the acquisition spans 40 acres across chosen locations. The company plans to develop four new residential projects, addressing the city's growing demand for quality housing. With construction expected to begin within the next three quarters, these projects will collectively offer around six million square feet of saleable area. This move strengthens Sumadhura Group's presence in Bengaluru and positions them for future growth, with plans to explore opportunities in other high-growth cities like Pune and Chennai. This diversification underscores their commitment to catering to diverse demographics and project types, contributing to the overall development landscape of India's ...
Womeki Group invests INR 44 crore in a 34,000-square-foot office space in Noida's Alphathum
Author : PNT Bureau
Womeki Group has made a significant stride in the real estate sector with the acquisition of a sprawling 34,000-square-foot office space in Noida Sector 90, Alphathum, valued at INR 44 crore. This investment underscores their commitment to driving the region's business landscape forward, positioning them to capitalise on the anticipated surge in Noida's office space demand. The workspace, designed to accommodate over 400 employees, prioritises productivity and collaboration, catering to the evolving needs of today's workforce. Notably, it features the world's longest infinity pool, offering employees a serene environment to recharge. With excellent connectivity to key areas and modern amenities like a vibrant caf� and well-equipped conference rooms, Womeki Group's acquisition sets a new benchmark for office space design, emphasising employee well-being, functionality, and strategi...
Prestige Ocean Towers: Prestige Group's iconic luxury development in South Mumbai
Author : PNT Bureau
Prestige Group, India's leading real estate developer, has launched their prestigious luxury project Prestige Ocean Towers in Marine Lines, South Mumbai. Comprising just 169 spacious homes spread across two towers within a 2-acre plot, the development offers spectacular views of the Queen's Necklace and Arabian Sea. Designed by renowned architects Norman Foster and Hafeez Contractor, Prestige Ocean Towers will have a built-up area of 4.62 lakh square feet and estimated revenues of INR 4,100 crores. The group has already pre-launched 75 residences worth INR 1,700 crores and sold over 70% of these units, reflecting strong customer demand for the group's high-quality offerings....
Dextrus expands coworking empire in One BKC, Mumbai, offering over 1,000 workspaces
Author : PNT Bureau
Dextrus, a key player in Mumbai's coworking sector, has strengthened its footprint in the bustling Bandra Kurla Complex (BKC) by unveiling its third center. This expansion boosts Dextrus' workspace capacity in Mumbai to over 1,000 seats across BKC and Lower Parel. Situated in One BKC, the new workspace spans 12,000 square feet, accommodating around 300 dedicated workspaces. Dextrus pioneers the "Build by Dextrus" initiative, allowing businesses to customize their office space seamlessly. The center offers a dynamic ecosystem with amenities like well-equipped meeting rooms, breakout areas, a cafe, and private phone booths, fostering collaboration and productivity. Robin Chhabra, Dextrus' Founder & CEO, underscores the company's commitment to tailored workspace solutions....
Casagrand introduces French-themed residential community Casagrand French Town in Chennai
Author : PNT Bureau
Casagrand introduces its latest project, Casagrand French Town, a French-themed residential community sprawled over 10.76 acres in Chennai. With over 8.4 acres dedicated to lush greenery, the project embraces nature amidst urban living. Strategically located near Medavakkam and Velachery, it offers easy access to essential amenities and major IT hubs. The development includes 2 & 3 BHK apartments and 4 BHK villas, addressing the demand for spacious living areas. Boasting 95+ amenities, including a 23,000 sq. ft. clubhouse, the community fosters a vibrant social environment. With a focus on resident well-being, features like a reflexology pathway and meditation lawn promote relaxation. Casagrand French Town redefines luxury living, blending French charm with modern amenities, making it an appealing choice for Chennai's homebuyers....
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