13 Jun 2024

Runwal has revealed "Breeze," a new residential tower within its Runwal Lands End project in Thane's Kolshet area. Offering over 500 Vaastu-compliant 1 and 2-bedroom apartments, priced between INR 62 lakh and INR 1.10 crore, "Breeze" prioritizes space, privacy, and stunning views of 1,600 acres of greenery and the Ulhas River. The 10-acre Runwal Lands End features 70% open space and over 70 resort-style amenities, including a multi-layered clubhouse, putting green, sunrise gazebo, swimming pool, and a massive vehicle-free podium. Strategically located in Thane, Kolshet combines serenity with excellent connectivity and infrastructure, making it an attractive residential option.Read more

13 Jun 2024

Raheja Developers relaunches the "Surakshit Nivesh Yojna Scheme" for their Delhi Mall Complex on Main Patel Nagar Road after the success of its initial phase. Investors can choose between two payment plans tailored to their budget, offering flexible payment options spread throughout the construction process. With minimum investments starting from INR 32.46 lakh, the scheme includes special benefits for senior citizens and women. Located in a prime area with easy access to prominent locations, the mall's completion is poised to attract national and international brands, promising good rental income and potential capital appreciation for investors. Registration closes on June 20th, 2024, with unit allocation through a draw on June 23rd.Read more

12 Jun 2024

In FY24, 18 major listed real estate developers in India sold properties worth INR 1.17 lakh crore, driven by strong demand for residential properties, especially luxury homes. Godrej Properties led with sales of INR 22,527 crore, followed by Prestige Estates at INR 21,040 crore and DLF at INR 14,778 crore. The combined sales bookings rose 33% from the previous year. This rise is attributed to post-COVID housing demand and a shift towards trusted brands. Significant performers included Macrotech Developers, Signature Global, Sobha Ltd, and Brigade Enterprises, highlighting robust pre-sales in major cities across India.Read more

12 Jun 2024

Puravankara Limited's strategic land acquisitions and redevelopment initiatives mark a significant transformation in Mumbai's real estate scene. With the acquisition of a 12.75-acre land parcel in Thane's Patlipada area and redevelopment projects in Lokhandwala and Pali Hills, the company aims to create over INR 7,500 crore in Gross Development Value (GDV). These ventures promise modern living spaces, enhanced connectivity, and revitalized neighbourhoods. Puravankara's multi-pronged approach positions them as a major player in Mumbai's residential market, offering diverse housing options and reshaping the city's skyline for years to come.Read more

12 Jun 2024

Mahindra Lifespace Developers Limited (MLDL) reveals the final phase of Mahindra Happinest Tathawade in Pune, reporting rapid sales in earlier phases. Tower A, offering 2 BHK units and duplexes, is part of this sought-after development in the PCMC area. MLDL introduces highway-facing offices and shops, enhancing resident convenience and reaffirming its commitment to thoughtful amenities. Positioned near the Mumbai-Pune highway and Hinjewadi IT hub, the project benefits from its strategic location. Designed for modern living, Mahindra Happinest Tathawade addresses post-pandemic lifestyle needs with unique amenities and efficient space utilization. Residents enjoy easy access to transit points, health facilities, and retail options, ensuring a holistic living experience.Read more

11 Jun 2024

Concorde Mayfair, a cutting-edge development in Yelhanka, Bangalore by Concorde, offers a holistic urban lifestyle. Spanning 3.35 acres, this project merges 217 carefully crafted 2 and 3 BHK residences with commercial units and retail outlets, creating a self-sufficient community. With 60%+ open spaces, residents can seamlessly live, work, and relax within this dynamic microcosm. The project features four 14-story towers, including a pinnacle 'Evolve' clubhouse on the 14th floor, providing unparalleled views and amenities. Emphasizing sustainability, Concorde Mayfair integrates eco-friendly practices and prioritizes connectivity, offering residents unmatched comfort and convenience in the bustling heart of Yelhanka.Read more

11 Jun 2024

Paras Buildtech's new project, "The Manor," in Gurugram's upscale Gwal Pahari, aims at luxury living with 120 expansive apartments, each 4,750 sq. ft, priced around INR 9 crore. With an INR 490 crore investment, The Manor addresses the growing demand for high-end housing. Construction begins soon, targeting an August 2028 completion. The development highlights Gurugram's rise as a luxury housing hub, driven by affluent residents. Paras Buildtech, renowned for delivering over 15 million sq. ft of residential and commercial spaces, expects a total revenue of INR 1,200 crore from this exclusive project.Read more

11 Jun 2024

RICL announces a significant preferential issue, securing INR 99 crores for strategic growth initiatives. CEO Manoj Punamiya emphasizes the company's commitment to redefining urban living through projects like Kalyan Marina, Juhu, and Kalyan APMC. Noteworthy investors, including Sunder Iyer and the Mangal Keshav family offices, join the venture. Proceeds from the issue will fund Kalyan Marina, set to generate INR 265 crores over three years. Discussions for projects in Juhu and Kalyan APMC are underway, projecting revenues of INR 150 crores and INR 300 crores, respectively. RICL's focus on quality and luxury underpins its vision for transformative urban developments.Read more

10 Jun 2024

As companies mandate return to office rules, demand for flexible workspaces is surging across major cities and tier 2 markets in India. Large enterprises, startups, and freelancers are increasingly opting for coworking and managed offices over traditional leases for their cost benefits and flexibility. Demand is coming up across sectors such as tech, IT/ITeS, professional services & consulting, health & pharma, manufacturing, food aggregators, BFSI, BPOs, GCCs, airlines and media. Major operators report 85-100% occupancy underscoring strong demand for these services. Experts attribute this trend to the ability of these workspaces to successfully fuse employee flexibility with cost benefits that bolster both individual and business performance in current market conditions.Read more

10 Jun 2024

A new report from property consultancy Anarock reveals that the number of skyscrapers over 40 floors tall in the Mumbai Metropolitan Region will grow by 34% between 2024-2030. There are currently 361 high-rise buildings in the MMR, with 154 completed so far and another 207 scheduled for completion in the next six years. Rising population levels and higher development densities permitted over the last decade are fuelling demand for tall buildings. The state government's recent reduction of premiums for additional constructed space is also encouraging more high-rise development among builders. South Central Mumbai currently has the most towers, though growth is projected across all areas in the coming years.Read more