Noida's Anthurium business park set for expansion with INR 250 crore investment
Author : PNT Bureau
Sundream Group, a prominent Noida-based real estate developer, reveals plans for a substantial investment in its Anthurium Business Park. With an additional INR 250 crore earmarked for the project's second phase, the total investment now stands at approximately INR 522 crore. This move highlights Sundream's commitment to upscale commercial development. Located in Sector 73, Anthurium Business Park offers over 1,052,000 square feet of premium office space across two towers, equipped with cutting-edge AI technology. The expansion is poised to invigorate Noida's commercial landscape, attracting leading businesses and bolstering the local economy with new job opportunities and upscale retail options....
Assetz Property launched plotted development project in Bengaluru starting at INR 1.71 crore
Author : PNT Bureau
Assetz Property Group, a leading Bengaluru-based real estate developer, has teamed up with Inspira Builders to introduce their latest venture, "Melodies of Life." situated off Hosa Road, the 39-acre project offers 505 spacious plots ranging from 1500-3000 sq. ft. Targeted at startup and IT professionals, prices start at INR 1.71 crores, boasting upscale amenities like multipurpose courts, swimming pools, and lush greenery cultivated using the Miyawaki technique. With connectivity to major job centers and educational institutions, the project promises a well-rounded lifestyle....
Suraj Estate Developers acquires land in Mahim for a redevelopment project
Author : PNT Bureau
Suraj Estate Developers acquired a 1,073.42 square meter plot in Mahim West, Mumbai, for INR 33.10 crore, projecting a GDV of INR 120 crores. Settling litigations and filing consent terms, they secured additional development rights, estimating a GDV of INR 350 crores. Winning bid for another parcel, they anticipate a GDV of INR 225 crores. Utilizing IPO funds, they fully repaid outstanding loans. With 35 years of experience, the company focuses on strategic acquisitions and expansions, aiming to strengthen its position in Mumbai's real estate market, projecting over INR 500 crores in revenue growth in the upcoming years....
Mahindra Lifespaces achieves INR 350 crore sales milestone at Mahindra Zen
Author : PNT Bureau
Mahindra Lifespace Developers Ltd. has achieved remarkable success with the launch of Bengaluru's first Net Zero Waste plus Energy residential project, Mahindra Zen. The project witnessed an outstanding response, with over 150 homes booked within just two days, amounting to over INR 350 crores. Offering 'nature-crafted living' with features inspired by the five elements, climate-responsive design, and sustainable amenities, Mahindra Zen caters to the growing demand for eco-friendly living solutions. Its strategic location near business hubs and amenities adds to its appeal. The project's success underscores Mahindra Lifespaces' commitment to sustainable real estate development and reducing environmental impact....
TARC Limited soars in FY 2023-24, sees record-breaking year ahead
Author : PNT Bureau
TARC Limited celebrated a remarkable year with record-breaking presales and collections in FY2023-24, marking a 200% increase to INR 1,612 crore in presales and achieving its highest annual collection of INR 415 crore. The success is attributed to the launch of TARC Kailasa in New Delhi, garnering exceptional sales. Construction has commenced with ACC as the EPC contractor. Anticipating further triumphs, TARC 63A's upcoming launch is highly anticipated, boasting prime location and market trends alignment. CEO Amar Sarin credits the achievement to TARC's commitment to excellence and innovation, projecting to surpass INR 5,000 crore pre sales target for FY2024-25 amid a promising real estate market outlook....
Shubhashish Homes & Gurnani Group partner for luxury villas in Jaipur
Author : PNT Bureau
Shubhashish Homes, in collaboration with Gurnani Group, unveils a luxurious villa project on Main SEZ Road in Jaipur, set to redefine luxury living in Rajasthan. Spanning 10.6 acres, the project will offer approximately 7 lakh square feet of opulent living space, promising to be a landmark development. Targeting a launch later in the fiscal year pending approvals, Mohit Jajoo, CEO of Shubhashish Homes, emphasises its significance in Rajasthan. With four launches planned this year, Shubhashish Homes reaffirms confidence in Ajmer Road's micro-market potential, backed by their track record of quality projects. Positioned to meet the rising demand for premium housing, this project blends luxury with convenience, boasting a prime location near major commercial hubs and social infrastructure....
Trident Realty raises INR 1200 crore to fuel its strategic shift towards residential projects
Author : PNT Bureau
Trident Realty, a major real estate developer in North India, has undertaken a strategic shift in its business focus. Through the sale of non-core assets including Shipra Mall in Ghaziabad, it has managed to raise INR 1,200 crore. Trident will utilize the sale proceeds for planned residential launches over the next 2 years' worth INR 15,000 crore across major markets in NCR, Mumbai, Panchkula and Tri-City (Chandigarh). This strategic move will allow Trident Realty to concentrate its resources on residential developments, exit non-core holdings, and further cement its position as one of the leading residential real estate players in North India....
Hiranandani launches luxury 'Belicia' apartments in Thane's Panch Pakhadi
Author : PNT Bureau
Prescon Group and House of Hiranandani have unveiled 'Belicia', a luxury residential project in Thane. This 48-storey tower promises elegant living and is slated for completion by June 2028. Located near Nitin Company Junction, it offers 2, 3 & 4 BHK apartments starting at INR 1.85 crore. Amenities include a clubhouse, swimming pools, and jogging tracks. The project benefits from its proximity to essential services, major transport hubs, and corporate parks. Thane's rapid infrastructure development and connectivity make it an attractive investment destination. 'Belicia' embodies modern luxury and represents a smart investment opportunity in the Mumbai Metropolitan Region....
22 Rose Valley properties in West Bengal will be up for auction on May 20th by SEBI
Author : PNT Bureau
SEBI is conducting an e-auction on May 20th for 22 properties owned by Rose Valley companies in West Bengal, with a combined reserve price of INR 8.6 crore. These properties, including flats and office spaces, are part of SEBI's efforts to recover investor dues exceeding INR 5,000 crore. Rose Valley Group faced accusations of running illegal investment schemes promising high returns. Despite SEBI's directive to refund investors in 2017, Rose Valley failed to comply, leading to further regulatory actions. The Enforcement Directorate also initiated investigations and attached assets worth INR 150 crore. The auction offers investors a chance to recover some losses, but it's crucial for interested buyers to conduct thorough inquiries into the properties' status before bidding....
Senior citizens of Signature View Apartment to approach Delhi High Court to boost evacuation
Author : PNT Bureau
The Senior Citizens Welfare Association of Signature View Apartments plans to file a plea in the Delhi High Court regarding the evacuation and rent payment promised by the Delhi Development Authority (DDA) for the structurally unsafe 336-unit Signature View Apartment housing complex in North Delhi. While over 100 families had already shifted after demolition orders were issued last year, full evacuation is still pending. The association will argue that DDA's clause to only pay rent after all apartments are vacated is unfair as most owners are still paying EMIs and cannot afford additional rent during the interim period....
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