Brigade Group expands BuzzWorks with premium workspace in Brigade Towers
Author : PNT Bureau
Brigade Group has expanded its BuzzWorks flexible office brand by opening a premium workspace in Brigade Towers. This move is part of BuzzWorks' strategy to reach over 5000 seats in its portfolio by FY24, including the establishment of new centres in key locations like Hyderabad, Chennai, and Ahmedabad GIFT City. BuzzWorks strategically positions its centres within Brigade Group's Grade A tech parks, providing access to top-notch amenities. The workspaces feature biophilic design, collaborative spaces, and a plug-and-play model, reducing overall costs for users. Brigade Towers, the first commercial venture by the group, remains an iconic landmark in the city....
Vaishnavi Sushrutha: Bengaluru’s latest world-class tertiary care facility
Author : PNT Bureau
Vaishnavi Group, a leading real estate developer, has expanded its collaboration with Manipal Hospitals to construct a built-to-suit hospital in South Bengaluru. This strategic partnership responds to evolving healthcare needs and quality medical infrastructure, heightened by the COVID-19 pandemic. The Vaishnavi Sushrutha project, spanning 3.3 lakh square feet, will house a world-class tertiary care hospital with 250 beds, offering comprehensive healthcare services. Construction on Kanakapura Main Road commenced in March 2022, aiming for completion by December 2024. The move aligns with India's growing demand for healthcare infrastructure, emphasizing a shift towards prevention and wellness, along with its popularity in the medical tourism sector....
NCLT grants Lok Housing 936-day exclusion period for resolution process
Author : PNT Bureau
The National Company Law Tribunal (NCLT) has sanctioned an extraordinary exclusion of 936 days in the Corporate Insolvency Resolution Process (CIRP) for realty developer Lok Housing and Constructions, marking one of the lengthiest extensions in insolvency cases. Under bankruptcy regulations, the resolution process must be completed within 270 days, or the company faces mandatory liquidation. This significant exclusion is expected to defer Lok Housing's liquidation, granting approximately two and a half years to finalize the resolution. The decision followed a plea from the interim resolution professional....
Praneeth Group unveils IXORA Residences in Hyderabad's JNTU area
Author : PNT Bureau
Praneeth Group launches IXORA, a luxurious residential project spanning 8.31 acres in Hyderabad's JNTU area. With 1,504 modern residences ranging from 1305 to 3130 square feet, the development offers 2, 2.5, 3, and 3.5 BHK configurations, all designed according to vastu principles. Amenities include a children’s play area, walking spaces, swimming pool, amphitheatre, pet park, and diverse indoor-outdoor facilities. This upscale project epitomizes opulent living, strategically situated for easy access to amenities, educational institutions, and commercial hubs. IXORA showcases Praneeth Group's commitment to crafting sophisticated living spaces with meticulous design and top-notch amenities, redefining Hyderabad's real estate landscape....
Navin’s ventures into Bengaluru real estate with Rs. 250 crore investment
Author : PNT Bureau
Navin’s, a reputable Tamil Nadu-based real estate developer, has entered Bengaluru's residential market with a Rs. 250 Crores investment. The project would be its first luxury residential apartment project located at JP Nagar, 4th stage. It has also launched its new office at Infantry Road, Bengaluru. Navin’s aims to build upon their strengths, viz. ethical business practices, customer centricity and adherence to rules and regulations that are proved over three decades through 125+ projects delivered on time in Chennai. The proposed luxury project, set for early 2024, features a biophilic theme, integrating green spaces for a harmonious 'Being within the Landscape' experience....
NCDRC orders Parsvnath Developers to Pay Rs 80 lakh compensation to aggrieved buyer
Author : PNT Bureau
The National Consumer Disputes Redressal Commission (NCDRC) has taken significant steps to address consumer concerns by compelling Parsvnath Developers to disburse approximately Rs 80 lakh in compensation to a flat buyer in Delhi. This intervention comes after the real estate company failed to fulfil its obligations, including refunding payments and compensating for project delays, as directed by the NCDRC over three years ago. The commission has warned of daily penalties if the developer fails to honour cheques totalling Rs 15 lakh. The matter is set for a hearing on November 29, with the commission emphasizing compliance with its directives....
OC for ‘Siddha Seabrook’, Siddha-Sejal Group’s first premium project in Mumbai
Author : PNT Bureau
Siddha Group, in collaboration with Sejal Group, celebrates the receipt of the Occupational Certificate for 'Siddha Seabrook,' their first premier 57-storied residential project in Mumbai. Located in Kandivali (W), this iconic tower stands as the tallest in the area. Despite Covid-related delays, the project, with 282 well-designed units, including 2 BHK Smart & Premium and 3 BHK Premium + Sky Garden apartments, was completed in 60 months. Boasting luxurious amenities, scenic views, and strategic connectivity in Kandivali, the project signifies Siddha Group's commitment to quality and timely delivery...
Allahabad HC grants relief to Ace Infracity over Noida Sports City project
Author : PNT Bureau
The Allahabad High Court has overturned a local development authority's 2021 order restraining real estate developer Ace Infracity in connection with its Noida Sports City project, nullifying a demand for Rs 79 crore due to the developer's inability to complete work amid land possession issues. The court deemed the restrictions imposed by the Noida Authority unwarranted, highlighting that Ace Infracity had deposited more than the required premium amount. Consequently, the court granted the developer the benefit of the 'Zero Period' and directed the authority not to collect lease premium and rent while instructing a reconsideration of the revised building plan for the project in Sector 150 of Noida....
Draper Start-Up House launches Hyderabad Hub for global entrepreneurs
Author : PNT Bureau
Draper Start-Up House inaugurates its largest co-living and co-working space in Hyderabad, marking a pivotal moment in global entrepreneurship. With a capacity of 108 beds, the space aims to foster collaboration among start-ups, digital nomads, and entrepreneurs. The launch event, attended by key industry figures, highlights Hyderabad's thriving start-up ecosystem with over 8,000 start-ups and 75+ incubators. This expansion solidifies Draper Start-Up House's commitment to nurturing innovative ventures, providing not just physical spaces but also educational support, venture capital, and technology assistance, all aimed at empowering entrepreneurs on their journey to global success....
MANA seeks to redefine modern living with MANA Dale in East Bengaluru
Author : PNT Bureau
Bengaluru-based real estate firm MANA is making strategic moves in East Bengaluru with its latest project, MANA Dale. Positioned in the premium segment, MANA Dale, located in Kodathi off Sarjapur Road, follows the success of MANA Verdant. With the tagline 'Live Brilliantly,' MANA aims to cater to older millennials and their families, offering a lifestyle of luxury and convenience. MANA Dale features apartments, villas, and townhouses, with a clubhouse for community gatherings, dedicated play areas for children, and abundant green spaces. This expansion reflects MANA's commitment to redefining modern living standards and delivering a tranquil oasis in the bustling city....
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