Sobha developers acquires land in Gurugram through subsidiary purchase for INR 29.5 crore
Author : PNT Reporter
Sobha Developers Limited expands its footprint in Gurugram by acquiring Bengaluru-based BNB Builders for INR 29.5 crore. This strategic move aims to capitalize on Gurugram's growing real estate demand, particularly among businesses and young professionals. Sobha gains access to 2.03 acres of prime land in Sector 106, allowing potential development of luxury apartments or office spaces. Despite facing tax assessment orders totaling INR 45.8 crore, Sobha remains focused on project delivery and assures stakeholders of uninterrupted operations. Analysts view this acquisition as a diversification strategy to tap into Gurugram's market potential....
Manasum Senior Living launches luxury retirement community IKIGAI Goa
Author : PNT Reporter
Manasum Senior Living, a leading senior living developer, has announced the launch of IKIGAI Goa in collaboration with Prescon Homes. Located 10 minutes from Panjim, Goa, IKIGAI Goa is a luxury retirement community spread over 7.5 acres with 240 1-BHK and 2-BHK homes priced between INR 65-87 lakhs. The community offers a 35,000 sq ft clubhouse, wellness center, pools, gym and other amenities. IKIGAI Goa aims to provide seniors aged 50+ a vibrant space to live meaningful lives through holistic experiences and community support, in line with the Japanese philosophy of 'Ikigai'....
Concorde invests INR 250 crore in North Bengaluru residential project
Author : PNT Reporter
Concorde is set to invest INR 250 crore to develop a residential project in North Bengaluru, acquiring 4.5 acres for INR 100 crore. The project will encompass six towers with 424 units, projecting a revenue potential of INR 400 crore. Previously, Concorde acquired a stressed project in October 2023, achieving 85-87% revenue recognition. Targeting INR 440 crore in pre-sales this fiscal year, with H1 FY24 sales at INR 200 crore, the company plans four launches in the next 12 months. Additionally, it's developing 36 luxury towers on two acres, foreseeing revenue of INR 1,400 crore....
Group Satellite launches affordable luxury housing In Malad, Mumbai
Author : PNT Reporter
Group Satellite launches the final phase of its affordable housing project, Aarambh, with Aarambh Avyaan in Malad East, setting new standards for luxury living. With meticulously crafted 1 BHK homes starting from INR 50 Lacs, Avyaan offers an exclusive subvention scheme for early bird buyers. The project offers international design finesse and over 25 lavish amenities, including a rooftop garden, meditation area, and plunge pool. Clever space utilisation, large windows, and excellent connectivity make Avyaan the epitome of intelligently designed living spaces in Mumbai, promising a significant lifestyle upgrade and attractive investment opportunities....
K Raheja Corp enters joint venture for luxury development in Mumbai's Worli 2.5 acre land parcel
Author : PNT Reporter
K Raheja Corp has signed an agreement to jointly develop a 2.5-acre land parcel in Mumbai's Worli, aiming for a luxury residential project with revenue potential exceeding INR 2,000 crore. The revenue share structure allocates 57% to K Raheja Corp and 43% to the landlord. The developer will handle planning, design, approvals, execution, branding, and sales, aiming to complete the project within five years. The development, covering around 3 lakh sq ft carpet area, includes an office building and commercial outlets. Mumbai's luxury housing market has seen significant growth, with a surge in sales value and transactions, particularly in upscale areas like South Mumbai and Worli-Prabhadevi....
Square Feet Group announces major housing development in Thane for millennials
Author : PNT Bureau
Real estate developer Square Feet Group has announced that it will invest INR 300 crore to construct 1,000 flats spread over 3 acres in Thane under their new project 'Yuva Rajya'. Targeting millennials, the project is located opposite Grand Central Park. In the first phase launch, 300 flats were released, of which 100 were sold within 6 hours of the launch. The total cost is estimated at INR 250-300 crore with expected sales of INR 750 crore. The group owns over 20 acres in the area and plans to complete four major projects in Thane by 2027 worth INR 1,500 crore and INR 3,500 crore in revenue, catering to various housing segments and commercial areas....
Union Living launches customised co-living experience for students and professionals
Author : PNT Reporter
Union Living, a leading co-living startup, announced the launch of 500 bed co-living properties in Mumbai and Pune. These build-to-suit properties include 'Southside' in Mahalakshmi with 200 beds, 'Terra' in Juhu with 150 beds, and 150 studio apartments in Koregaon Park, Pune. Co-founded by Rishab Soni and Parth Soni, Union Living aims to enhance the co-living experience for students and young professionals. With a focus on modern, secure, and customised accommodations, the company's expansion will increase operational beds to 1,500 by June 2024. Pioneering the build-to-suit concept, Union Living's properties prioritise functionality, efficiency, and tenant satisfaction, reflecting their commitment to redefining co-living standards....
Mahindra Lifespace to invest INR 6,000 crore in residential business by FY28
Author : PNT Reporter
Mahindra Lifespace Developers Limited (MLDL) plans to invest INR 6,000 crore in its residential business over four years, aiming for a fivefold increase in business growth by FY28. Focused on Mumbai, Pune, and Bengaluru, the company aims to achieve a gross development value (GDV) of INR 45,000 crore through new projects and joint developments, alongside housing society redevelopments and land acquisitions, as part of its expansion strategy. Recent initiatives include the launch of Green Estates in Chennai and the successful sell-out of Lakefront Estates, reflecting MLDL's commitment to strategic growth and market presence....
Birla Estates reveals luxurious show apartment at Birla Niyaara in Worli, Mumbai
Author : PNT Bureau
Birla Estates released a show apartment at Birla Niyaara in Worli, Mumbai, including Silas, the New Signature Tower. The event featured a magnificent aerial act and an immersive customer experience developed in collaboration with specialised partners from the United Kingdom and the United States. K.T. Jithendran, Birla Estates' MD and CEO, stressed the tower's iconic status and invitation to experience uber-luxury living. The celebrity-attended launch praised the location's character. Silas boasts spectacular views and LifeDesigned residences in one of Mumbai's greatest integrated complexes, carrying on the Aditya Birla Group's tradition....
Prestige Estates Projects acquires 62.5 acres land in NCR for INR 468 crore
Author : PNT Bureau
Prestige Estates Projects has announced the acquisition of 62.5 acres of prime land in Indirapuram Extension, NCR for INR 468 crore to develop a large mixed-use township project spanning over 10 million square feet with a projected value of over INR 10,000 crore. The project will include residential, retail, education and recreational spaces under the Prestige Group's vision of integrated communities. This strategic land buy demonstrates the company's commitment to the NCR market and expanding its national footprint....
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
