Prestige Group sets new standard with early completion of the Prestige Tranquil
Author : PNT Bureau
Prestige Group celebrates the early completion of The Prestige Tranquil, a luxury residential project in Hyderabad, showcasing the company's commitment to exceptional living spaces. Spanning 7.85 acres in Kokapet, the project offers seamless connectivity near the Outer Ring Road, Airport, and Financial District. The high-rise boasts panoramic views, lavish amenities, and contemporary design, setting a new standard in Hyderabad's real estate. The clubhouse features a pool, café, banquet halls, and sports facilities, while landscaped spaces promote outdoor activities....
Forbes Global Properties expands into the Indian Luxury Real Estate Market
Author : PNT Bureau
Forbes Global Properties has made its foray into the Indian real estate market with 'India Forbes Global Properties,' initially focusing on Mumbai, Delhi, and Goa. The venture will provide brokerage services for luxury residences, collaborating with local developers on ambitious projects covering 10 million square feet in Mumbai and Delhi. A mixed-use project in Navi Mumbai and an upscale retail, club, and hotel space in Delhi are in the works. The company explores opportunities in Ayodhya and plans to acquire equity stakes in two consultancy firms. Operating under the Forbes brand, it targets the luxury real estate segment, aiming to tap into India's growing demand for ultra-luxurious homes in 2024....
Sunteck Realty unveils plans for ultra-luxury housing in Nepean Sea Road and Bandstand, Mumbai
Author : PNT Bureau
Sunteck Realty Ltd unveils ambitious plans for upscale housing projects in Mumbai's exclusive Nepean Sea Road and Bandstand in Bandra West. Projected to generate around INR 3,000 crore, these ventures signify Sunteck's strategic expansion into prime Mumbai locations, showcasing its commitment to redefine the city's real estate landscape. With a debut in South Mumbai at Nepean Sea Road, Sunteck aims to deliver ultra-luxurious residential apartments, capitalizing on the market's demand for high-end living spaces. The move aligns with Sunteck's impressive growth trajectory, doubling its Gross Development Value from INR 12,500 crore in FY2022 to INR 30,100 crore in FY2024. The projects underscore Sunteck's proactive approach to market trends and evolving consumer preferences in Mumbai's thriving property market....
Ashwin Sheth Group launches FERN at Sheth Vasant Lawns, Thane
Author : PNT Bureau
Ashwin Sheth Group launches "FERN'' at Sheth Vasant Lawns in Thane, the ninth tower of the esteemed project spanning 7 acres. Featuring 2, 3, and 4 BHK residences, including Jodi apartments, FERN offers apartments starting from 840 sq. ft at INR 1.57 crore onwards. With only four apartments per floor, Vastu Compliance, and scenic views of Yeoor Hills, FERN epitomizes luxury living. Thane has emerged as a sought-after location for homebuyers, boasting connectivity to Mumbai and witnessing a rise in property demand. With 25+ amenities, proximity to Viviana Mall, Jupiter Hospital, and esteemed educational institutions, FERN promises an unparalleled urban lifestyle in Thane's Platinum Belt....
Vijay Jeswani Builders & Developers unveil 'Parivaramm' near Panvel
Author : PNT Bureau
Vijay Jeswani Builders & Developers present 'Parivaramm,' an upscale residential project in Vavandhal near Panvel. Parivaramm offers luxury and affordability with amenities like a clubhouse and premium elevations. Strategically located at Chowk Junction, Vavandhal, near the National Highway, the project benefits from Panvel's infrastructure development and connectivity, promising good returns. Parivaramm provides a range of housing options from Studio Apartments to 2BHK residences, with prices starting attractively. Exclusive booking deals, including incentives like scooters and modular kitchens, add to its appeal. Possession is scheduled for March 2024....
Shapoorji Pallonji launches 'The Odyssey' in South Mumbai
Author : PNT Bureau
Shapoorji Pallonji Real Estate (SPRE) unveils 'The Odyssey,' an uber-luxury project off Marine Drive, marking their historic return to South Mumbai. Strategically located near Girgaon Chowpatty, it offers seamless connectivity to business hubs and essential amenities. Designed by Architect Hafeez Contractor, The Odyssey boasts breathtaking views, grand double-height lobby, and 20 parking floors. With close to 60 apartments for sale, revenues are expected to exceed INR . 1000 crores. Priced from INR 15 crores, the meticulously designed 3 BHK apartments redefine luxury living. SPRE's Director, Venkatesh Gopalakrishnan, emphasizes their commitment to crafting luxurious environments, setting new standards in South Mumbai's uber-luxury segment....
DLF reports strong Q3 FY24 as net profit surges to INR 655 crore
Author : PNT Bureau
DLF has reported a robust 26.60% increase in its net consolidated profit for Q3 FY24, reaching INR 655.71 crore, up from INR 517.94 crore in the same quarter of the previous fiscal year. The net consolidated total income for the quarter stood at INR 1,643.51 crore, reflecting a commendable 5.38% increase from the same quarter last year. The company achieved a substantial quarterly sales booking of INR 9,047 crore, one of the highest ever, driven by premium and high-margin project launches. DLF Cyber City Developers (DCCDL) reported consolidated revenue of INR 1,476 crore, with a YoY growth of 8%. The board has approved the acquisition of shares in three real estate development companies, and the sale of DLF Centre to DCCDL for INR 825 crore, showcasing DLF's proactive portfolio optimization strategy....
Moraj Group and Xanadu Realty launch a luxury residential project in Shivaji Park, Mumbai
Author : PNT Bureau
Moraj Group, a leading player in Navi Mumbai real estate, has partnered with Xanadu Realty for a new venture in South Mumbai's sought-after Shivaji Park. Valued at over 300+ Cr., their luxury project offers lavish 3 BHKs boasting Arabian Sea views. Fusing their expertise, the collaboration aims to redefine luxury living, creating a masterpiece. Moraj Group's Founder and Chairman, Mohan Gurnani, expressed enthusiasm for the transformative collaboration, citing it as a commitment to futuristic architecture. Vikas Chaturvedi, CEO of Xanadu Realty, emphasized the dedication to unrivalled luxury living, creating a lasting legacy in Mumbai's evolving skyline. The joint venture promises an iconic chapter in Mumbai's real estate narrative, showcasing excellence and innovation....
Kolte-Patil expands its presence in Mumbai with two redevelopment projects
Author : PNT Bureau
Kolte-Patil Developers, a prominent Pune-based real estate player, expands its footprint in Mumbai with two society redevelopment projects in Dahisar and Versova. These strategic acquisitions, totalling 3.06 lakh square feet, project a top-line potential of around Rs 545 Crore. Aligning with growth objectives, this move strengthens Kolte-Patil's position in Mumbai, the country's largest real estate market. With a growing portfolio of fifteen projects in the Mumbai Metropolitan Region, including successful ventures like Vaayu in Dahisar, the company taps into the city's diverse real estate demands. In FY24, Kolte-Patil secured eight projects with a combined development potential of 3.3 million square feet, reinforcing its commitment to expansion and innovation in targeted markets....
Vihang Group obtains OCs for 2.5 million sq. ft. across Ghodbunder Road projects
Author : PNT Bureau
Thane's Vihang Group recently achieved a milestone with Thane Municipal Corporation's approval for a massive three million square feet, marking one of the largest single approvals for non-township development. The group also secured Occupancy Certificates for 2.5 million square feet across Ghodbunder Road projects in the same fiscal year. With plans for four projects, including "Capital of Thane," the group anticipates a revenue potential of Rs 2,000 crore. Funding these endeavours through equity, bank loans, and customer advances, Vihang Group has earmarked Rs 2,500 Crore for the next five years, focusing on Kasarvadavli and Bhayander micro markets....
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