07 Jun 2024

Manasum Group, one of India's fastest-growing senior living brands, has introduced "Banyan" at Godrej Royale Woods in North Bengaluru. This serene sanctuary for seniors offers a unique blend of luxury, comfort, and holistic wellness, setting a new benchmark for retirement homes in India. Strategically located just a 5-minute drive from the KIAL airport toll, Banyan features ready-to-move-in 1 & 2 BHK residences starting from INR 60 lakh onwards, designed to cater to the discerning needs of today's seniors. Spanning 13 acres, the Banyan project comprises 191 residences, while the Godrej Royale Woods project has a total of 1,678 units and features over 1,000 trees. Banyan's commitment to holistic living is evident through its comprehensive range of amenities aimed at ensuring the physical, emotional, and social well-being of its residents.Read more

07 Jun 2024

Sameera Group and Vedaanta Senior Living have partnered to develop senior living projects in Chennai, Bengaluru, and Vellore, with an investment of INR 500 crore to create 1,000 senior homes over five years. This collaboration combines Sameera's expertise in real estate development with Vedaanta's senior care knowledge to address the rising demand for high-quality, affordable senior living solutions in South India. The first project in Kancheepuram will set the standard for future developments, aiming to provide superior living environments for seniors.Read more

07 Jun 2024

Paranjape Schemes, a leading real estate developer in Pune, has successfully handed over 1,000 units across their projects in Blue Ridge Township, Forest Trails Township, and Wakad, covering a total carpet area of 450,000 square feet. This achievement underscores the brand's commitment to delivering quality homes to their customers. With these new additions, the company's presence in Pune has grown significantly, with over 5,000 units already delivered in Groves (Blue Ridge) and more than 2,000 residences in Athashri (Forest Trails). The company's premium project, The Broadway in Wakad, has also received a great response in the previous phase. These newly completed units are a testament to the company's dedication to exceptional execution and unwavering quality standards, solidifying its efficiency and reliability in the real estate sector.Read more

07 Jun 2024

Prestige Estates, an Indian real estate developer, aims for a 25-30% increase in pre-sales, building on a record INR 72,104 crore in FY24. With a strong launch pipeline of 59.2 million square feet and a potential gross development value of INR 75,910 crore, the company is optimistic despite challenges like project approval delays and competition in new markets such as Mumbai and Delhi. Expansion into NCR and diversification into offices, retail spaces, and hospitality are key strategies. However, significant investments and rising debt levels, with a net debt of INR 77,790 crore and a net debt-to-equity ratio of 0.66, pose financial challenges.Read more

06 Jun 2024

Indiabulls Real Estate has made a series of strategic acquisitions, expanding its residential development portfolio in Bengaluru and Chennai. The company acquired the rights to three major projects from Embassy Property Developments - Embassy Residency in Chennai, Embassy Eden in North Bengaluru, and Embassy East Avenue in Whitefield, Bengaluru. These acquisitions, totaling over 1.6 million square feet of saleable area, strengthen Indiabulls' presence in key real estate markets. Alongside these developments, the company also completed the acquisition of Equinox Developments. In a separate announcement, Indiabulls Housing Finance reported a 21% rise in consolidated net profit for the March quarter, reflecting its robust financial performance. The company's improving asset quality, with declining gross and net non-performing assets, further underscores its operational efficiency.Read more

06 Jun 2024

Top real estate developers in India are shifting focus to super-luxury homes priced at INR 10 crore and above, following the success of homes in the INR 2-4 crore range. These exclusive residences boast larger living spaces, five to six bedrooms, and premium amenities, strategically located in prime areas of cities like Gurugram, Mumbai, Goa, and Hyderabad. Renowned developers such as DLF Ltd, Prestige Group, and K Raheja Corp Homes are leading the charge, catering to the elite's demand for opulent living. With strong demand driving sales, developers are poised to launch even higher-priced projects, reaffirming India's status as a destination for ultra-luxury real estate.Read more

06 Jun 2024

Columbia Pacific Communities (CPC) and KITES Senior Care are joining forces in a INR 250 crore merger to create India's first and largest Continuing Care Retirement Community (CCRC). CPC will invest INR 65 crore for a 25% stake in KITES. The merger will fuel expansion plans, with KITES developing over 1,000 beds across six South Indian cities and CPC adding 1,200 residential units, aiming for 10,000 senior living units and 2,000 geriatric care beds within five years. This initiative addresses the growing demand for senior care, driven by rising life expectancy and nuclear families, and targets the Indian senior living market, projected to reach USD 12 billion by 2030.Read more

06 Jun 2024

Bengaluru-based builder Trifecta Projects unveils Trifecta Vanto, blending luxury living with eco-friendly design on Sarjapur Road, East Bengaluru. Spread over 9 acres, the project offers 825 spacious apartments, ranging from 710 to 1,340 sq. ft., with prices starting at INR 68.5 lakh. The 50,000 sq. ft Platinum Oasis Clubhouse features extensive amenities, including a semi-Olympic-size swimming pool, virtual golf course, and eco-friendly workout options. With 85% open space, solar lighting, rainwater harvesting, and EV charging, Trifecta Vanto emphasizes sustainability. Completion is expected by August 2027, ensuring a luxurious and green lifestyle.Read more

05 Jun 2024

Truliv, Tamil Nadu's largest co-living startup and a subsidiary of DRA Homes, achieved 250% revenue growth in FY 2023-2024, reaching INR 16 crore. The company aims to add 3,500 more beds in FY 2024-2025 to maintain its market leadership. Truliv's success is driven by its build-to-suit designs, premium amenities, and technology-driven processes. Operating at full capacity, its 22 properties and 7 holiday homes cater to millennials and young professionals. With a 95% occupancy rate and strategic expansion plans in western and southern markets, Truliv targets a INR 50 crore topline in FY 2024-2025. The startup secured USD 1.5 million in pre-seed funding in June 2023.Read more

05 Jun 2024

Bengaluru-based Century Real Estate plans to bring a substantial portion of its land holdings to market, aiming to generate INR 2,100 crore in sales during FY 2024-25. This move follows a successful year with a 121% growth in residential sales bookings. Managing Director Ravindra Pai highlighted that they are nearing completion on key projects, enabling them to focus on new developments in Bengaluru. The company boasts a 96% sell-out rate for residential inventory since FY24 began, reflecting strong demand. Century Real Estate's plan will introduce over INR 7,200 crore worth of new inventory this year, indicating confidence in Bengaluru's real estate sector.Read more