Keystone Realtors to redevelop two housing societies with a Rs 1,200 crore GDV in Mumbai
Author : PNT Bureau
Keystone Realtors is gearing up to redevelop Veena Nagar Co-operative Housing Society and NeelKamal Ghruh Cooperative Housing Society in Malad (West), Mumbai, covering 12,120 sq meters and boasting an estimated Gross Development Value (GDV) of Rs.1200 crore. The project, set to commence next year, not only accommodates 342 existing society members but also presents a sale potential of about 3,42,000 sq ft, contributing to the anticipated GDV. This initiative aligns with Rustomjee's commitment to a diversified portfolio in Mumbai's western suburbs, showcasing its proven expertise in redevelopment. Amidst substantial expansion, including eight new projects this fiscal year with a cumulative GDV of approximately Rs. 7,000 crore, Rustomjee emphasizes innovation, sustainability, and transformative urban development....
Shapoorji Pallonji launches Golfland Phase 2 at VANAHA in Pune
Author : PNT Bureau
Shapoorji Pallonji Real Estate (SPRE) has unveiled the second phase of Golfland at VANAHA near Bavdhan, West Pune, following the success of its flagship project. Having sold over 1800 apartments worth Rs. 1500 crores, the new phase targets a revenue potential of Rs 600 crores, addressing the demand for upscale residences in Pune. With configurations ranging from 2BHKs to townhouses, it has 276 homes starting at Rs.1.48 crore. VANAHA is a 1000-acre township and offers luxury living with amenities, including an 18-hole private golf course. SPRE aims to redefine Pune's skyline and lifestyle, anticipating growth in the city's real estate market in 2024....
Purva Soukhyam: A wellness-themed plotted development in Guduvancheri, Chennai
Author : PNT Bureau
Purva Land, the plotted development arm of Puravankara Limited, recently unveiled Purva Soukhyam, a wellness-themed plotted project in Guduvancheri, Chennai. Covering 120 acres, it boasts 2,200 plots with sizes ranging from 600 sq. ft. to 5,000 sq. ft., accompanied by 35+ amenities, a 30,000 sq. ft. clubhouse, and a focus on wellness. Reflecting post-pandemic preferences, Puravankara anticipates heightened demand for plotted developments, providing buyers with the freedom to construct personalized homes. Purva Soukhyam's strategic location, 10 minutes from Grand Southern Trunk Road, excellent connectivity, and proximity to key facilities enhance its appeal....
Gulshan Homz secures a 2.5-acre land in Noida for Rs 150 crore
Author : PNT Bureau
Real estate giant Gulshan Homz has acquired a substantial 2.5-acre plot in Sector 129, Noida, in a Rs 150 crore deal with a prominent bank. The prime location in the National Capital Region will be developed into a one-million-square-foot commercial project. The land parcels were part of Jaypee townships and attracted various developers following financial institutions' takeover due to loan defaults and insolvency issues. Despite challenges, companies like Gulshan Homz have collectively invested over Rs 3,000 crore, initiating projects with a revenue potential exceeding Rs 10,000 crore. The strategic expansion in Noida and venture into Moradabad positions Gulshan Homz as a key player in the dynamic real estate landscape....
Ajmera Realty and Rustomjee join forces for Rs 760 Crore Bandra redevelopment project
Author : PNT Bureau
Ajmera Luxe Realty Private Limited (ALRPL), a joint venture between Ajmera Realty & Infra India Limited (ARIIL) and Keystone Realtors Limited (Rustomjee), is set to redevelop a housing society in Bandra West, Mumbai. With both entities will hold a 50% stake. The joint project anticipates a Gross Development Value (GDV) of Rs 760 crores. The objective is to deliver high-end residential apartments in Bandra with a distinctive offering, aiming for a carpet area of 130,000 sq. ft. This collaboration leverages the strengths of Ajmera Realty and Rustomjee to contribute to urban rejuvenation and cater to the demand for premium housing in Mumbai's competitive real estate market....
Tridhaatu Morya Chembur celebrates Republic Day with Rs 26 Lakh discount on 2 BHK homes
Author : PNT Bureau
Tridhaatu Morya, a flagship project by Tridhaatu Realty in Mumbai, is offering an exclusive Republic Day deal for the first 26 customers on January 26, 2024. Buyers of luxury 2 BHK homes can avail a unique Rs 26 lakh discount within the 26-hour window, bringing the starting price down to Rs 1.83 crores from Rs 2.09 crores. Mr. Pritam Chivukula, Co-Founder & Director of Tridhaatu Realty, emphasizes the limited-time nature of the offer, urging prospective buyers to act quickly. Conveniently located in Chembur, Tridhaatu Morya offers easy access to major transportation routes, providing a blend of luxury living and strategic connectivity. The project features 1, 2, and 3 BHK units across two phases, offering options for various preferences and needs....
Century Real Estate to invest Rs 1,700 Crore in Bengaluru
Author : PNT Bureau
Bengaluru's Century Real Estate plans to invest Rs 1,700 crore in developing 4.5 million sq ft of residential space by FY25, creating a Rs 5,000 crore pipeline. The company surpassed FY23 sales in the first six months of the current fiscal year and aims to launch six projects in FY25. Projects include luxury residences in Indira Nagar, mid-segment apartments in Yelahanka, and mixed-use developments in East Bengaluru. Plotted development is on the rise, with a 25-acre project in Devanahalli. Additionally, 2.5 million sq ft of commercial space with Prestige group and 7 million sq ft of business parks are in the pipeline....
Concorde unveils Concorde Antares - A 7 acre residential project in Bengaluru
Author : PNT Bureau
Concorde, a prominent real estate developer in Bangalore, has unveiled its latest project, Concorde Antares, a high-rise apartment complex in the lakeside surroundings of Yelahanka, Vidyaranyapura. With a projected development value of Rs 525 crore, the 7-acre property features 592 units, including 2, 3, and 4 BHK apartments and duplex penthouses. Comprising five towers with 16 floors each, the development prioritizes community-oriented living with over 60 amenities, including a 19,000 sq. ft. smart clubhouse, Evolve. The project emphasizes smart living, sustainability, and modern design, offering tech-enabled features like Alexa control. With a focus on open spaces, indigenous plants, and picturesque views, Concorde Antares is set to redefine the living experience in North Bangalore....
Integrow has collaborated with Paranjape Schemes’ realty project to invest Rs 100 crores in Thane
Author : PNT Bureau
Integrow Asset Management has partnered with Pune-based developer Paranjape Schemes, committing a substantial Rs 100 crore investment in their new Thane project. With over three decades of experience, Paranjape Schemes is known for quality and innovation, having completed 200 projects across 9 Indian cities. With incredible views of Yeoor Hills, the massive 1.5 million square foot Thane project is expected to generate an astounding revenue of Rs 1000 crores. With a focus on technology and customer-focused strategies, the executives convey enthusiasm for reinventing urban living. This partnership, which combines creativity, excellence, and client satisfaction, is expected to have a long-lasting effect on Thane's real estate market....
Lodha Group forecasts Palava City's annual revenue to exceed USD 1 Billion
Author : PNT Bureau
Macrotech Developers, anticipates Palava City, to become an annual revenue powerhouse surpassing USD 1 billion. Established in 2010, the 5,000-acre Palava City has evolved into a self-sustaining ecosystem, showcasing urban progress. With Phase 1's success and ongoing Phase 2 expansion, it accommodates residential and commercial spaces, including offices, life sciences hubs, and industrial areas. Palava's strategic location has attracted diverse businesses, joint ventures with Morgan Stanley Real Estate Investing and partnerships with Bain Capital and Ivanhoe Cambridge. The development's economic vibrancy is set to contribute 15% to Lodha's sales exceeding Rs 14,500 crore in the current fiscal year. Beyond being a residential hub, Palava City stands as a testament to sustainable growth and economic vitality, with smart technology ensuring efficiency and green practices....
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