Godrej Construction unveils 'The Cocoon': A 3D-printed architectural marvel redefining office spaces
Author : PNT Bureau
Godrej Construction, a flagship of the Godrej Group, has achieved a milestone with the completion of 'The Cocoon,' a 500 sq. ft. office at its Greenfield campus in Khalapur. Utilizing 3D Construction Printing (3DCP) Technology and prefabricated modules, the office showcases innovative design with a curvilinear elliptical structure. The absence of columns maximizes usable space, and the sustainable approach incorporates up to 20% Recycled Concrete Aggregates (RCA), sourced from Godrej & Boyce's recycling facility. Notably, the entire project, including civil work, electrical tasks, plumbing, and landscaping, was completed in a swift 40 hours. 'The Cocoon' stands as a symbol of innovation, efficiency, and a commitment to sustainable practices in the construction industry....
Experion Developers unveils ambitious plans with Rs 10,000 crore projects for 2024
Author : PNT Bureau
Experion Developers, the Indian subsidiary of Singapore's Experion Holdings, is set for an ambitious year ahead, with plans to launch projects exceeding Rs 10,000 crore in cumulative sales value. The company's strategic land acquisitions, totalling Rs 2,100 crore, have positioned it for expansion in the National Capital Region (NCR) and other urban centres. Experion Developers intends to diversifying its geographical footprint, earmarking land in Amritsar, Goa, and Panipat for future development. With a diverse project portfolio, the company anticipates substantial growth in FY24, aligning with broader industry trends and reinforcing its position as a key player in India's competitive real estate landscape....
DLF to launch a luxury housing project in Sector 76 Gurugram
Author : PNT Bureau
DLF, a leading real estate developer, is set to launch a luxury residential project in Gurugram's Sector 76, projecting revenues between Rs 8,000 crore and Rs 10,000 crore. The formal launch is anticipated in January 2024, marking DLF's significant venture into the Southern Peripheral Road (SPR) area. The project, part of the integrated 'Privana' township spanning 120 acres, is expected to offer 1,100 premium residences in the price range of Rs 17,000 to Rs 18,000 per square foot, following the success of DLF's earlier project, 'The Arbour.'...
NBCC sells 5,000 flats across various Amrapali Group projects for Rs 2,900 crore
Author : PNT Bureau
State-owned NBCC has announced the completion of the sale of 5,000 residential units valued at Rs 2,900 crore across various projects of the Amrapali Group, as part of the Supreme Court-directed initiative through Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE). This significant milestone represents over 80 percent of the available inventory, providing relief to buyers who have awaited possession for years. NBCC, committed to completing Amrapali projects, aims to finish all remaining projects by March 2025, as it actively addresses challenges and contributes to the resolution of the long-standing issue of stalled residential developments....
Godrej Aristocrat in Gurugram sells 600+ apartments, crosses Rs 2,600 crore mark
Author : PNT Bureau
Godrej Properties Ltd achieves a remarkable milestone with the sale of over 600 apartments in its upscale Gurugram project, Godrej Aristocrat, raking in an impressive Rs 2,600 crore. This exceeds the previous record set by Godrej Tropical Isle in Noida, showcasing the company's most successful launch to date. Managing Director Gaurav Pandey highlights Gurugram's strategic importance, revealing plans for four new projects in 2024. The company reports a 48% increase in sales bookings, reaching Rs 7,288 crore in April-September 2023-24, with Delhi-NCR contributing significantly. Executive Chairperson Pirojsha Godrej expresses confidence in achieving a Rs 14,000 crore sales target this fiscal year, signalling robust growth and expansion....
Curated Living Solutions launches maiden industrial housing project in AMTZ, Visakhapatnam
Author : PNT Bureau
Curated Living Solutions, under the Divyasree Group, launches its first Green Field project in Visakhapatnam, providing 500 beds catering to Andhra Pradesh Medtech Zone (AMTZ) employees and students. This venture, the sole housing on AMTZ grounds, marks a novel collaboration boosting industrial housing. With plans to expand to 50,000 beds in five years and a robust portfolio, the company eyes significant growth in alternative housing. Their pioneering initiatives signal a promising trajectory, drawing parallels to commercial real estate for investment potential and service standards....
Raymond Realty unveils Thane's most expansive clubhouse at Ten X Habitat
Author : PNT Bureau
Raymond Realty unveiled a grand 51,000-square-foot clubhouse in Thane's Ten X Habitat, marking a major milestone in its prime real estate venture. Featuring facilities like squash and badminton courts, a movie theatre, gym, and a serene pool. It also houses a communal catering kitchen for large gatherings. Gautam Hari Singhania, Chairman of Raymond Ltd, expressed pride, highlighting the commitment to creating vibrant communities. This clubhouse, accessible to all residents, sets a new standard in communal living, offering a space for connection, recreation, and a holistic living experience. Ten X Habitat project had already made headlines for completing three of its ten towers in December 2022, 4 years of its RERA schedule....
DLF announces commercial and residential ventures in Gurugram and Panchkula
Author : PNT Bureau
DLF Limited, a leading real estate developer, has revealed plans to launch a commercial plotted development project, "Central 67," in Gurugram, and a low-rise residential township, "The Valley Orchard," in Panchkula, Haryana, with a combined revenue projection of over Rs 1,400 crore. "Central 67" encompasses commercial plots across 8.6 acres in Gurugram, strategically located near the Sohna Elevated Road, while "The Valley Orchard" is a 15.83-acre low-rise township offering 3BHK-plus-study and 3BHK residences with scenic views of the Shivaliks mountain range. The projects form part of DLF's ambitious growth strategy, aiming to achieve Rs 13,000 crore in sale bookings during the fiscal year, backed by a strong financial performance in Q2 2023....
Prestige Group forays into the Pune residential market with 3 million sq ft
Author : PNT Bureau
The Prestige Group is gearing up to enter the Pune real estate market in 2024, planning to launch 1 million square feet of residential units with an estimated revenue of Rs 750 crore to Rs 1,000 crore. The Bengaluru-based developer also aims to introduce 3 million square feet of property in Mumbai, projecting a top-line of Rs 15,000 crore for the next year. While currently focused on commercial projects in Pune, the Prestige Group aims to cater to IT and tech communities, mirroring its success in Bengaluru. In Mumbai, recent projects like Prestige Ocean Tower in Marine Lines and upcoming ventures underscore the company's strategic expansion plans, capitalizing on the city's lucrative real estate landscape....
Tulsiani Builders directors under investigation for money laundering and loan fraud
Author : PNT Bureau
The Enforcement Directorate (ED) has initiated a case against Tulsiani Builders' Chief Managing Director Anil Kumar Tulsiani and Director Mahesh Tulsiani under the Prevention of Money Laundering Act (PMLA) for allegedly securing a loan of Rs 4.63 crore with forged documents. The ED's action follows a complaint from Punjab National Bank, asserting that the directors failed to respond to requests for loan recovery. The investigation also reveals allegations of money laundering and deceptive practices, including collecting funds from homebuyers without the necessary land for construction, prompting the ED to issue summons to the firm's directors....
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