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07 Apr 2025
Chennai-based land aggregator and real estate firm G Square Realtors Pvt Ltd aims to double its revenue to INR 5,000 crore in the current financial year. The company is expanding across Tamil Nadu, Karnataka, and Hyderabad, including tier-2 towns. Established in 2012, G Square initially catered to corporate clients before entering the B2C market in 2021. The company has acquired over 4,000 acres and served more than 15,000 customers. It recently launched 'Aranya,' a premium residential project in Porur, Chennai, with plots priced between INR 4,290 and INR 6,000 per sq ft. The firm is also planning an IPO by 2028.
04 Apr 2025
The trademark dispute between Abhishek Lodha-led Macrotech Developers and his younger brother's House of Abhinandan Lodha (HoABL) has intensified, with Macrotech alleging that HoABL fabricated documents to misuse its brand and trademarks. In a regulatory filing, Macrotech claimed that forged board resolutions were submitted to government authorities, featuring falsified signatures and altered PAN card details. Lodha Ventures denied the allegations, stating it is reviewing the matter internally. The dispute follows a INR 5,000 crore lawsuit filed by Macrotech against HoABL over the unauthorised use of the 'Lodha' brand.
04 Apr 2025
Merino Shelters, a MAN Industries subsidiary, has partnered with Paradise Group to develop its 6-acre land in Nerul, Navi Mumbai, over six years. The deal includes an upfront payment of INR 70 crore and 30% of the RERA carpet area, valued at INR 650-INR 700 crore. The total monetisation is estimated at INR 770 crore. The land, near DY Patil Stadium and the upcoming Navi Mumbai International Airport, offers strong growth potential. MAN Industries aims to monetise non-core assets, while Paradise Group sees high development prospects.
04 Apr 2025
Interior designer Gauri Khan has sold her nearly 2,000 sq ft apartment in Kohinoor Altissimo, Dadar West, Mumbai, for INR 11.61 crore. The transaction, registered on March 28, 2025, saw buyers Devendra Chaukar and Vandana Agarwal acquiring the 21st-floor unit with two car parkings. The deal reflects a 37% appreciation since Khan purchased the property for INR 8.5 crore in August 2022, highlighting Mumbai's luxury real estate growth. Meanwhile, Shah Rukh Khan has leased two duplex apartments in Pali Hill, Khar, for INR 8.67 crore over three years, temporarily relocating as Mannat undergoes renovation. Mumbai continues to dominate India's luxury real estate market, with INR 3,652 crore invested in high-end homes in 2024 and INR 850 crore in the first two months of 2025.
04 Apr 2025
Residents of Parsvnath Exotica, a gated community in Gurugram's Sector 53, are voicing concerns about unlawful multi-storey buildings and commercial establishments springing up in adjacent Saraswati Kunj. The 28-acre gated society with 18 towers and approximately 900 flats is divided into two phases. Phase-2, which consists of towers D4, D5, and D6, directly faces Saraswati Kunj. Despite a 2016 court order halting construction, illegal activity continues, with slums sprawling, and buildings being converted into unauthorised PGs and warehouses. Local authorities have yet to take action, prompting Exotica residents to urge the Chief Minister for immediate intervention to protect the safety and wellbeing of over 3,000 residents in their community.
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04 Apr 2025
United Spirits has sold a residential property located in Mumbai's Malabar Hill area for INR 172 crore. The property includes furniture, fixtures, and fittings, spanning a ground floor and two upper floors. The buyers are Ajaykumar Dineshkumar Vaghani and Manisha Ajay Vaghani, who have no ties to the company's promoters or group. United Spirits, a subsidiary of Diageo, has been liquidating non-core assets previously owned by its former chairman Vijay Mallya, who stepped down in 2015. The company is based in Bengaluru, Karnataka.
03 Apr 2025
In a recent event in Madurai, 100 construction workers were given housing allocation orders by the Tamil Nadu government. The initiative, coordinated by the Tamil Nadu Construction Workers' Welfare Board, also provided welfare benefits worth INR 82.17 lakh to 1,121 workers. With over 80,000 registered workers, the board has disbursed INR 108 crore in assistance since 2021, ensuring social security for construction workers and unorganized laborers across the state.
03 Apr 2025
The Yamuna Expressway Industrial Development Authority (YEIDA) has set up a four-member committee to oversee the completion of stalled Jaypee projects along the Yamuna Expressway, benefiting 4,600 stranded homebuyers. The committee will issue a request for proposals to select developers and ensure homebuyers receive properties at the original prices. A High Court ruling mandates strict timelines for project completion, with a nodal officer appointed to manage payments and ensure construction funds. Affected projects include Jaypee Greens Bougainvilleas, Country Homes, and others.
03 Apr 2025
Residents of Dharavi have been given until April 15 to submit their documents for verification to determine if they qualify for free housing within the redevelopment zone or rental housing outside it. Navbharat Mega Developers Pvt Ltd has tasked the Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) with the survey. The move comes amid opposition from local political parties, with nearly 63,000 out of 95,000 structures already submitting documents. The redevelopment master plan is expected soon.
03 Apr 2025
Odisha CM Shri Mohan Charan Majhi launched the Antyodaya Gruha Yojana in Kalahandi, aiming to provide housing for the poorest sections of society. The scheme aims to construct 5 lakh houses over three years, with an investment of INR 7,550 crore. Each beneficiary will receive INR 1.2 lakh, and additional essential services like sanitation, cooking gas, and electricity will be provided. The scheme prioritises families affected by critical diseases, disasters, and those in need of immediate housing.
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