28 May 2024

Leading Mumbai developer Keystone Realtors saw its net profit for FY24 increase 36.92% to INR 112.21 crore compared to the previous year, although profit dropped 60% in the fourth quarter. While Q4 profit fell to INR 30.68 crore from INR 76.59 crore year-on-year, total income jumped over 130% for the quarter. For the full year, total income witnessed strong growth of over 215% to INR 2,275.63 crore. Keystone Realtors operates under the Rustomjee brand with a development portfolio spanning MMR, including 34 completed and 35 ongoing/planned projects delivering over 23 million square feet to date.Read more

27 May 2024

Siroya Corp has revealed plans for a massive mixed-use development in Oshiwara, Andheri West, with a staggering 1 million square feet of space. This project, encompassing residential, commercial, and retail areas, aims to redefine the area's landscape. With Oshiwara experiencing significant population growth, particularly among young professionals and families, the project's 600 residential units across two towers meet a rising demand for modern living spaces. The inclusion of commercial offices and retail spaces creates a self-sufficient community, promoting convenience and sustainability. Siroya Corp's proven track record and focus on quality instil confidence in the project's success, while its strategic location ensures excellent connectivity and accessibility.Read more

27 May 2024

Innov8 has expanded its footprint in Delhi with the inauguration of its latest coworking space in Aerocity, featuring 9,500 square feet of workspace with 217 dedicated seats, state-of-the-art conference rooms, and meeting facilities. Strategically located near the Indira Gandhi International Airport and the Aerocity metro station, the center offers unparalleled accessibility for businesses. With a significant investment of INR 4 crore, Innov8 aims to set a new standard for coworking spaces in Delhi, catering to the needs of modern businesses while fostering a sense of community and collaboration. The launch of Innov8 Aerocity underscores the company's commitment to providing strategic locations, modern amenities, and fostering innovation and entrepreneurship in India's coworking space industry.Read more

27 May 2024

Gurgaon-based real estate giant DLF is re-entering Mumbai's luxury property market after an 11-year hiatus, planning to launch projects with flats priced between INR 6 crore and INR 28 crore in FY25. Targeting INR 3,500-5,000 crore of its projected INR 17,000 crore sales bookings from Mumbai's super-luxury segment, DLF aims to capture a significant market share. Additionally, DLF will launch 62 exclusive villas in Goa, priced at INR 40-50 crore each, catering to high-end buyers, including NRIs. With a solid financial foundation and a focus on high-quality developments, DLF's strategic moves are poised to strengthen its position in India's luxury real estate market.Read more

27 May 2024

ArisUnitern, a real estate service provider, has partnered with Essem 18 to enhance its real estate portfolio through development management services. This collaboration aims to fast-track Essem 18's 18-acre plotted development in Shettigere, Bengaluru, by securing INR 40 crore in financing and providing sales and marketing support. ArisUnitern's role includes end-to-end project management, reflecting a trend where developers seek specialized services for quality and timely delivery. This partnership highlights ArisUnitern's growth, securing eight projects and raising over INR 300 crore recently, and underscores the evolving focus on quality in the Indian real estate industry.Read more

24 May 2024

Table Space, a managed office solutions provider, has leased over 2.5 million sq ft across Chennai, Mumbai, Hyderabad, and Bengaluru. In Chennai, it secured 500,000 sq ft at Mapletree Global Infocity Park and 160,000 sq ft with DLF. In Mumbai, it added 55,000 sq ft at Oberoi Commerz III, 200,000 sq ft at Runwal R-Square, and 29,000 sq ft at Raheja Altimus Worli, with plans for an additional 500,000 sq ft. In Hyderabad, it leased 260,000 sq ft at Mindspace IT park, planning for another 500,000 sq ft. In Bengaluru, it acquired 55,000 sq ft at UB City, 100,000 sq ft at Cafe Coffee Day Square, and plans for 500,000 sq ft in Whitefield.Read more

24 May 2024

Bhumika Group, a leading real estate developer headquartered in Rajasthan, is expanding its retail portfolio in NCR with the addition of 8.5 lakh square feet of new space. Their current projects include a 5.5 lakh sq ft retail development in Faridabad located on a prime 2-acre Mathura Road frontage. They are also developing 3 lakh sqft under a PPP scheme and have started work on an NHPC Metro station redevelopment. The new projects are being funded through internal cash flows and bank loans, demonstrating Bhumika's strong financial position. Their innovative Urban Square Mall in Udaipur achieved full occupancy with over 80 domestic and international brands, revolutionizing shopping in Rajasthan.Read more

24 May 2024

Oberoi Realty impressively reported a net profit of INR 788 crore (USD 94.39 million) in Q4 FY24, a remarkable 64.1% surge compared to the previous year, exceeding analyst expectations. Their revenue from operations soared by nearly 37% to INR 1,315 crore, reflecting robust demand for luxury projects despite a 10-15% price hike. With 228 units sold, Oberoi Realty maintains its appeal among affluent buyers. Additionally, boasting a low debt-equity ratio of 0.18 and a net worth of INR 13,844.41 crore, the company stands financially strong for future expansion and investment, signaling a promising trajectory in India's luxury real estate sector.Read more

23 May 2024

Leading real estate developer County Group has set a new benchmark in the industry by completing over 41.50 lakh square feet across its three housing projects - Coco County, Ivy County and County 107 - in just one year. This is a notable achievement given Noida's reputation for delays and litigation in real estate. The projects were delivered ahead of their committed RERA timelines, showcasing County Group's excellence and efficiency. Coco County is a 12.21 lakh sq ft premium project in Greater Noida, Ivy County is a 14.74 lakh sq ft luxury project in Noida, and County 107 is a 14.78 lakh sq ft ultra-luxury project in upscale Sector 107, Noida. All feature thoughtfully designed luxury living spaces. With a track record of on-time deliveries, zero complaints, and resale value appreciation, the company is trusted for landmark projects across NCR.Read more

23 May 2024

Nimbus Realty released Nimbus The Palm Village, a luxury residential development near the Yamuna Expressway in Noida. The construction features 3 BHK independent floors, 1 BHK furnished flats, and High Retail street businesses, as well as Spanish architecture and ample green space. The property includes lavish amenities like a swimming pool, gym, and numerous gardens, which improve the living experience. The Palm Village, which is strategically positioned near major highways, metro connectivity, and the new Jewar International Airport, promises to raise luxury living standards while attracting investors and businesses to Noida.Read more