Anvitha Real Estate Group under income tax investigation for suspected tax evasion
Author : PNT Bureau
The income tax investigation unit in Hyderabad conducted raids last week at various locations connected to Anvitha Real Estate Group, investigating potential tax evasion. The group is involved in real estate projects across Abu Dhabi, the United States, and Kollur, Hyderabad. Searches were carried out in Hyderabad and Rangareddy districts, targeting offices of directors Atchuta Rao Boppana and Anup Boppana, as well as the registered office in Gachibowli. The probe also extended to related companies like Anvitha Buildpro and Anvitha Assets Private Limited....
Iraah Lifespaces launches ultra-luxury villas in Maharashtra
Author : PNT Bureau
Iraah Lifespaces, a newcomer in ultra-luxury villa development, has launched bespoke properties in Maharashtra's prime locations-Alibaug and Lonavala. These high-end villas, located near celebrity homes, cater to ultra-high-net-worth individuals (UHNIs), high-net-worth individuals (HNIs), CXOs, and NRIs. Designed to reflect luxury and elegance, the villas blend contemporary aesthetics with natural beauty, offering a tranquil yet luxurious lifestyle. Founder Vikas Sutaria emphasized the brand's focus on creating lifestyle destinations that meet the aspirations of their elite clientele. With growing interest in wellness and spacious homes, Iraah Lifespaces is strategically positioned to lead the luxury villa market, incorporating sustainable practices while offering unparalleled living experiences in Maharashtra's scenic locales....
Godrej Properties wins bid for large-scale housing project in Kharghar, Navi Mumbai
Author : PNT Bureau
Godrej Properties (GPL) has won the bid to develop a 6.54-acre group housing project in Kharghar, Navi Mumbai, offering around two million square feet of residential space with an estimated revenue potential of INR 3,500 crore. In the first half of the financial year, GPL saw a 62% rise in collections and over 200% growth in operational cash flow. The company added eight new projects, with a saleable area of 11 million square feet and a booking value potential of INR 12,650 crore....
Sattva Group and Bain Capital join forces for co-living expansion
Author : PNT Bureau
Sattva Group and Bain Capital have entered a USD 100 million partnership to develop a built-to-suit co-living platform under the management of Colive. This move marks the largest funding in the co-living sector to date. With Colive's established presence in the rental home market, the collaboration aims to cater to executives seeking serviced living spaces. This venture underscores the growing demand for co-living solutions in India's major cities, especially post-pandemic, as the market is expected to expand significantly....
Noida: Gaurs Group considers INR 3,000 crore investment for a commercial project
Author : PNT Bureau
Gaurs Group, a leading NCR-based real estate developer, plans to raise funds for a 5 million sq ft commercial project in Noida. The project, spread over 18 acres, will include 2.5 million sq ft of retail space, 2 million sq ft of A-Grade office space, a convention centre, and a hotel, requiring an INR 3,000 crore investment. Additionally, the company launched a 12-acre luxury project in Ghaziabad, selling 1,200 apartments in three days, and plans an ultra-luxury project in Noida's Jaypee Greens. Gaurs Group aims to reduce debt with INR 4,500 crore in receivables....
Sobha Ltd, a leading real estate firm, reported a 32 per cent decline in sale bookings for the July-September quarter, totalling INR 1,178.5 crore, compared to INR 1,723.8 crore in the same period last year. The company sold 929,907 square feet of property, down from 1,686,196 square feet a year ago. In the first half of the fiscal year, sales amounted to INR 3,052.2 crore, slightly lower than the INR 3,188.5 crore recorded last year. Despite robust housing demand, Sobha's sales volume has declined, though it remains a significant player with projects across south India, Delhi-NCR, Pune, and Gujarat....
Ajmera Realty sees 1% rise in Q2 FY25 sale bookings
Author : PNT Bureau
Ajmera Realty & Infra India Ltd reported a modest 1% rise in its sale bookings during the second quarter of the fiscal year 2024-25, recording INR 254 crore. However, the company experienced a significant 18% increase in total sale bookings during the first half of the current fiscal year, reaching INR 560 crore, reflecting its successful strategy in navigating market challenges and capitalising on the growing interest in the residential real estate segment. Headquartered in Mumbai, Ajmera Realty & Infra India Ltd. is one of the leading real estate developers in the country....
Transcon commences phased handover of SRA units to residents in Santacruz
Author : PNT Bureau
Transcon has commenced the phased handover of 148 SRA units to residents of Sai Durga SRA Co-
operative Housing Society in Santacruz, Mumbai. The event, attended by urban development
advocate Shri Ashish Shelar, highlighted the company’s commitment to safe and adequate housing.
Director Shraddha Kedia-Agarwal emphasized the focus on sustainability and community needs. The
newly built homes prioritize comfort and essential amenities, reinforcing Transcon's dedication to
positively impacting urban living and fostering growth in the community....
1. The editor acknowledges a mistake made in the title of the article “Puravankara acquires 5.75 million sq ft land, plans new launches worth INR 13,000 crore” published on 17th October 2024. The company has acquired 5.75 million sqft of saleable area and not land with a potential GDV nearing INR 10,000 crore. The title has been changed to reflect the correct scenario.
2. The editor acknowledges a mistake made in the title of the article “Mumbai: Transcon delivers 148 SRA units to Santacruz residents” published on 18th October 2024. The company has begun but not yet completed delivery of 148 SRA units to its benefactors. The title has been changed to reflect the correct scenario....
Godrej Properties secures six new land parcels worth INR 9,650 crore for housing projects
Author : PNT Bureau
Godrej Properties has made significant strides in its growth by acquiring six new land parcels in the July-September quarter, aimed at developing housing projects worth INR 9,650 crore. This acquisition reflects the company's strategy to expand in the midst of rising housing demand driven by urbanization. Utilizing a combination of direct purchases and partnerships for joint development, Godrej has also secured a total of eight new parcels this fiscal year, offering an estimated saleable area of 11 million square feet and a potential booking value of INR 12,650 crore. With 63 percent of its annual land acquisition target already met, Godrej is reinforcing its market position....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
