Kolte-Patil Developers unveils INR 9,000 crore project launch plans over the next 14 months
Author : PNT Bureau
Kolte-Patil Developers had revealed a INR 9,000 crore project launch plan over 14 months, bolstering its presence in Pune, Mumbai, and Bengaluru. Pune's growth, driven by infrastructure and economic activities, will witness unveiling of projects worth INR 6,400 crore. Strategic micro-market positioning includes Kiwale, Pimple Nilakh, Baner, Kharadi, Hinjewadi, and NIBM Road. The company intends of investment INR 2,500 crore by FY25 in Mumbai. The company is aiming for a sales target of INR 3,500 crore in FY25 and INR 4,500 crore in FY26, backed by partnerships like Marubeni Corporation. With 26 million sq. ft developed and ongoing projects spanning 33.5 million sq. ft, Kolte-Patil eyes a Gross Development Value of INR 25,000 crore, emphasizing technology-driven growth across key markets....
Pushpam Group announces luxurious Bali-themed studio suites in Alibaug
Author : PNT Bureau
Pushpam Group, renowned for its upscale resort homes, has unveiled 14 exquisite Bali-themed studio suites at Balibaug in Alibaug. Priced at INR 59 lakh and above, these meticulously crafted suites offer residents a tropical retreat with panoramic views from their verandas. Dr. Sachin Chopda, Managing Director of Pushpam Group, emphasised the suites' addition to their luxury villa offerings, highlighting the project's appeal for investors seeking monthly rental income. Balibaug, situated along Alibaug's scenic coastline, promises a serene escape reminiscent of 'Mini Goa', just a short drive from Mumbai and the forthcoming Navi Mumbai International Airport....
County Group reveals INR 5,000 crore investment plan in Noida
Author : PNT Bureau
County Group plans to invest INR 5,000 crore over five years in Ivory County, an ultra-luxury housing project in Noida's Sector 115. With 2,372 units spread across 28 acres, the project includes 'Ivory County' and 'Ivory County Gold' segments. Phase one's 1,500 units are already sold out. Offering 3, 4, and 5-BHK apartments ranging from 2,034 to 6,939 sq ft, prices start at INR 14,000 per sqft for Ivory County and INR 16,000 per sqft for Ivory County Gold. With a revenue potential of INR 7,500 crore, the project targets buyers from within County Group's existing projects for a lifestyle upgrade....
Squarefeet Group unveils India’s first millennial housing project in Thane
Author : PNT Bureau
Squarefeet Group launched India's first Millennial Housing Project in Thane, strategically situated opposite the expansive Grand Central Park. The project, unveiled by Maharashtra Chief Minister Eknath Shinde, is a pioneering venture aimed at redefining urban living for millennials. The Grand Central Park, spanning 20.5 acres, offers a diverse range of cultural themes and lush landscapes. The housing project promises a five-star hotel-like living experience with tailored amenities including culinary delights, housekeeping, and automated laundry services. Innovative features such as dedicated health experts and hybrid gyms ensure holistic well-being....
Ashiana Housing's Q3 FY24 net profit surges over 200 percent
Author : PNT Bureau
Ashiana Housing, based in Delhi, reported a robust Q3 FY23-24, with a net profit of INR 27.80 crore, surging 207.18% year-on-year. Total income rose to INR 189.25 crore, a significant 39.86% increase. The company's success lies in tailored residential developments across key cities like Gurugram and Jaipur, catering to evolving buyer needs. Additionally, its focus on the senior living segment has strategically positioned it amidst rising demand. With a debt-equity ratio of 0.18 and current liability ratio of 0.88, Ashiana is well-equipped for sustained growth, driven by customer-centric strategies and a commitment to excellence....
Casagrand, a leading real estate developer in South India, has launched Casagrand Medora, a premium residential project in Chennai's Korattur area, offering 155 luxurious apartments with 40+ amenities. Strategically located near Anna Nagar, the project stands out with an attractive price of INR 6999 per sq.ft., providing a holistic living experience in the heart of the city. Casagrand Medora emphasizes convenience, elegance, and functionality, featuring architectural finesse, world-class amenities, and meticulously crafted residences, demonstrating the developer's commitment to upscale urban living in Chennai....
Sobha Limited reports record sales and operational growth in Q3-FY24
Author : PNT Bureau
Sobha Limited's Q3-FY24 financial results demonstrate strong sales and operational growth, with record-breaking collection, realization, and sales values. Quarterly sales hit INR 19.52 billion, up 37.0% YoY and 13.2% from Q2-FY24, driven by Bengaluru's highest-ever quarterly sales of 1.25 million sq ft., valued at INR 14.99 billion. Two new projects totaling 3.84 million sq ft. were launched, contributing to the highest-ever quarterly real estate collection of INR 12.93 billion, up 11.8% YoY. With positive cash flow, net debt/equity ratio reduced to 0.54. 9-month FY24 revenue rose to INR 24.26 billion, and Q3-FY24 profits reached INR 153 million, reflecting growth strategies focused on new launches and effective execution....
Arkade Developers launch Arkade Nest in Mulund West and secure two redevelopment projects in Mumbai
Author : PNT Bureau
Arkade Developers Ltd., a burgeoning real estate entity in Mumbai, unveiled Phase 1 of Arkade Nest, an upscale residential enclave in Mulund West's Sarvodaya Nagar, spanning a generous 2-acre expanse with six wings, three already operational. Concurrently, Arkade secured redevelopment contracts for Arunachal Co-op HSG Society in Goregaon East's Jay Prakash Nagar and Nutan Ayojan Co-op HSG Society in Malad West's Liberty Garden. These initiatives underscore Arkade's stature in Mumbai's real estate landscape, blending luxury, affordability, and quality craftsmanship while addressing market demands effectively....
Signature Global’s Q3 FY24 pre-sales soar by 47 percent to INR 12627 million
Author : PNT Bureau
Signature Global, a leading real estate developer in India, reported robust financial results for Q3 FY24, with pre-sales increasing by 47.38% to INR 12,627.34 million and collections rising by 45.9% to INR 7,690.52 million year-over-year. The company sold 1,179 units and 1.31 million sq. ft, showcasing its ability to seize market opportunities. For the first nine months of FY24, pre-sales expanded by 41.38% to INR 31,241.29 million, with revenue from operations reaching INR 2,818.05 million. Despite a slight decline in margins, Signature Global reported a profit of INR 21.79 million in Q3 FY24, signalling a turnaround. Moreover, the acquisition of GCPL strengthens its land bank and market position, positioning Signature Global for sustained growth and leadership in the real estate sector....
Puravankara set to deliver 2,000 units and develop 2 million sq ft across multiple cities
Author : PNT Bureau
Bengaluru-based real estate developer Puravankara plans to deliver 2,000 units and develop over 2 million sq ft by Q4FY24 across Bengaluru, Pune, Chennai, and Mumbai. The company anticipates Provident Housing and Purva Land to lead sales. Notably, it aims to complete plotted developments spanning 1.8 msf in Bengaluru and Chennai. Puravankara reported a profit of INR 78 crore in Q3FY24, with a net debt of INR 1,741 crore. The company aims to maintain momentum in FY25 and is actively engaged in redevelopment projects in Mumbai while expecting occupancy certificates for four projects in Q4....
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