Indian property developers ramp up water conservation efforts to drive sales
Author : PNT Bureau
As heat waves worsen water stress in major Indian cities, homebuyers are increasingly seeking homes built with sustainability in mind. Large developers recognize the need to proactively build climate resilience and water security into new projects. Established brands like Lodha, Prestige and Mahindra Lifespaces have implemented various water conservation measures like rainwater harvesting, greywater recycling, and passive design. These initiatives are differentiating projects and driving sales. Developers are also educating residents on water-saving habits and providing resources for sustainable living. By integrating climate resilience from the start, developers are helping prepare India's cities and real estate for water-related impacts of climate change....
Sunteck Realty Ltd, a real estate developer in India, reported a 20% annual growth in sale bookings, reaching INR 1,915 crore in the last fiscal year. This impressive achievement reflects the strong housing demand in the country. The company witnessed a 26% increase in sale bookings during the fourth quarter, amounting to INR 678 crore. Sunteck Realty expanded its portfolio by adding seven large projects in the Mumbai Metropolitan Region, with a combined Gross Development Value of over INR 30,000 crore. Additionally, the company diversified into the annuity income segment by acquiring two leased assets at Bandra-Kurla Complex, positioning itself for steady rental income....
Lightning fast sales for Ashiana Housing's luxury project in Gurugram
Author : PNT Bureau
Premium real estate developer Ashiana Housing sold out 224 luxury flats worth INR 440 crores within 15 minutes of launch. The project 'Ashiana Amarah Phase 3' located in Gurugram sector 93 saw registration begin at 11 am, with 800 cheques received by 11:15 am for the 224 units. Company JMD Ankur Gupta attributed the incredible response to their quality offerings and strong brand value over the years, as well as the kid-centric amenities appealing to buyers seeking better quality of life for their children. Going forward, Ashiana Housing aims to continue expanding its premium portfolio across India....
Kolte-Patil Developers' sales for FY24 surge by 26 percent
Author : PNT Bureau
Kolte-Patil Developers' annual sales in FY24 reached 3.92 million square feet, marking a significant 20% increase compared to the previous fiscal year's 3.27 million square feet. This surge underscores the company's robust performance and growing market presence. The uptick reflects strong demand for their real estate offerings. In Q4 FY24 alone, the company recorded quarterly pre-sales of INR 743 crore, indicating a 6% YoY growth. Kolte-Patil also launched projects worth INR 3,800 crore across Pune and Bengaluru during the fiscal year....
Kanodia Group purchases 1.74 acre Gurugram land for INR 153 crore
Author : PNT Bureau
The Kanodia Group has ventured into real estate with the acquisition of a prized 1.74-acre land parcel in Gurgaon, valued at INR 153 crore. Situated in Sector 46, Gurgaon, the location offers proximity to key amenities and landmarks. With a projected revenue of over INR 1,000 crore, the project is slated for completion within 48 to 60 months, blending exclusivity with contemporary living. Backed by a long-term vision, Kanodia Group eyes substantial investments exceeding INR 5,000 crore, aiming for a stronghold across multiple states while delivering innovative real estate solutions. Positioned to meet the burgeoning demand for luxury residences, the group aspires to become a leading name in the professionally managed real estate arena, promising unparalleled experiences for discerning clientele....
DevX, Gujarat's leading managed office space provider, launched a new coworking space in Udaipur, Jaipur, signaling its commitment to expanding nationally and globally. Founded in 2017, DevX seamlessly combines coworking spaces with an incubator's nurturing culture, fostering innovation and strategic alliances. Its initiatives cater to diverse entrepreneurial needs, aiming for collaborative growth. Co-Founder Umesh Uttamchandani highlighted Udaipur's launch as a strategic move to tap into North India's potential. Partner Kshitiji Patel lauded DevX's role in upholding service excellence. With plans for further expansion and consolidation, DevX aims to be the preferred partner for multinational firms, GCCs, and ODCs by 2024....
Godrej Properties reports record sales of INR 22500 crore in FY24
Author : PNT Bureau
Godrej Properties reported its highest ever quarterly and annual booking sales in Q4 and FY24. Booking value in Q4 grew 135% to over INR 9,500 crore while FY24 bookings grew 84% to more than INR 22,500 crore. This was backed by strong demand for new project launches in NCR and Mumbai and an improved product mix. The company surpassed its booking target for FY24 and has gained market share over competitors. With continued growth planned in key markets and expansion to Hyderabad, Godrej Properties is well positioned for further sales growth under the leadership of MD Gaurav Pandey....
DevX to double footprint, eyes tier-2 and tier-3 cities for expansion
Author : PNT Bureau
DevX, a managed office space provider, is set to double its footprint in the next two years, eyeing tier-2 and tier-3 cities amidst the rise of remote and hybrid work models. With centers in major cities like Mumbai and Delhi, DevX aims to cater to the demand for flexible office spaces in smaller cities like Udaipur, Raipur, and Jaipur. Additionally, international expansion into Dubai and Singapore aligns with the trend of global capability centers. Umesh Uttamchandani, DevX's co-founder, sees immense potential in India's smaller cities and aims to unlock it by providing flexible workspace solutions. With recent funding and innovative initiatives like partnering with Deakin University for an India campus in GIFT City, Gujarat, DevX is poised to meet the evolving needs of businesses and professionals beyond traditional metropolitan hubs....
Piramal Enterprises invests INR 500 crores in Puravankara Group's real estate projects
Author : PNT Bureau
Piramal Enterprises has invested over INR 500 crores in various real estate projects of Puravankara Group. The strategic partnership encompasses commercial and residential developments in cities like Bengaluru, Goa, etc. Notable projects include 800,000 sq ft of commercial space in Bengaluru and 1.5 million sq ft of residential properties in Goa. Puravankara Group is a leading developer with a portfolio spanning major cities. The partnership signifies both companies' commitment to high-quality projects catering to evolving customer needs....
Ajmera Realty & Infra India Ltd. reports great Q4 FY24 results, sales exceed INR 1,000 crores
Author : PNT Bureau
Ajmera Realty & Infra India Ltd. witnessed a 3.79% rise in its shares after its Q4 FY24 results announcement, boasting sales crossing the INR 1,000 crore milestone. The firm reported remarkable growth, with sales area up by 63% to 1,12,931 sq. ft. and sales value soaring by 104% to INR 287 crores year-on-year. Collections also soared by 91% to INR 197 crores. The company credited improved connectivity via Atal Setu, Wadala, for the sales boost. Ajmera Manhattan achieved a record INR 100 crore in sales in a single month, and Ajmera Greenfinity's next phase launch was equally impactful. With six new projects added, the launch pipeline expanded to 1.3 million sq. ft. and a GDV of INR 3,130 crore in FY24....
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