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

05 Jun 2024

Sattva Group introduces Sattva Green Groves, a 45-acre development in Nelamangala, Bengaluru, featuring 750 villa plots. This project emphasizes open spaces and community living, with landscaped gardens and dedicated zones for all ages. The central clubhouse includes amenities like a swimming pool, gym, multipurpose hall, and library. Strategically located, Green Groves offers easy access to the airport and city via Nelamangala Road and the upcoming STRR project. Catering to the trend of plotted developments, Sattva Green Groves balances modern living with natural beauty, making it an attractive investment for discerning homeowners.Read more

04 Jun 2024

L&T Realty has partnered with Jagdale Infrastructure to develop a 12.2-acre slum rehabilitation project in Thane's Panchpakhadi area, with L&T Realty leading the project and earning 69% of the profits. The development, which involves over 20 slum pockets and has a potential of 3.12 million square feet, is expected to be completed in five years. L&T Realty will manage the design, construction, and sale of the free-sale component, while also overseeing the rehabilitation process for slum dwellers.Read more

04 Jun 2024

Delhi-NCR-based M3M Group has launched its uber-luxury housing project, M3M Altitude, on Golf Course Road Extension in Gurugram, targeting a revenue of INR 4,000 crore. Situated near Trump Towers within the 60-acre M3M Golf Estate, the project spans 4 acres and includes 350 super-luxury residences priced between INR 10 crore and INR 30 crore. The total saleable area is 1 million sq ft, with development costs at INR 1,200 crore. Completion is expected by 2031. Residences will feature 4 BHK units with servant rooms and penthouses ranging from 3,780 to 8,000 sqft. Golf Course Extension Road is noted for its significant price appreciation and luxury market demand.Read more

04 Jun 2024

K Raheja Corp Homes recently launched Raheja Amaltis, a luxurious residential project in Sion, Mumbai, near the Chembur-BKC connector. It features spacious 3 to 4-bedroom homes with decks, offering views of the BKC skyline and Maharashtra Nature Park scheduled for completion by 2027. Amenities include a rooftop infinity pool, fitness center, sky bar, and more. Designed for corporate leaders and elite professionals, Raheja Amaltis emphasizes sustainability with advanced water treatment and energy-efficient fixtures. Its strategic location ensures excellent connectivity to major business hubs in the city.Read more

03 Jun 2024

Bengaluru-based real estate developer Puravankara Ltd has reported a 33% yearly decline in net profit to INR 42 crore for the quarter ended March 2023, although revenue jumped 112% to INR 947 crore. Sales value rose 93% to INR 1,947 crore with collection of INR 1,094 crore. Sales volume increased 84% to 7.36 million sq ft with collection of INR 3,609 crore. However, EBITDA was INR 139 crore and the company posted a net loss of INR 7 crore due to rising costs. For the full fiscal year 2024, asset sales value reached INR 5,914 crore across 7.36 million square feet with revenue growth of 61% and operating cash flows up 41%.Read more