23 May 2024

Vaidya Spaces Pvt. Ltd., a prominent Mumbai developer, unveils a significant investment plan of INR 1,000 crore for upcoming residential and commercial projects. Their focus remains on large-scale redevelopment in prime Mumbai areas, marking a year of milestones and continued growth. Notable achievements include completing projects ahead of RERA timelines and showcasing resilience during the COVID-19 pandemic. Led by seasoned architects Jayant and Sadhana Vaidya, the company boasts a flawless track record and a commitment to excellence. Their accessibility and unwavering dedication, coupled with a flawless record under MahaRERA, establish unprecedented standards in the real estate industry, shaping Mumbai's future development.Read more

22 May 2024

Ajmera Realty & Infra India Ltd experienced a remarkable rise in its financial performance for Q4 FY24 and the full fiscal year. Net consolidated profit soared by 90.40%, reaching INR 28.77 crore, while total income jumped by 98.71% to INR 234.08 crore. The company announced a final dividend of INR 4 per equity share and appointed Hemanti Prashant Sutaria as an independent director. Sales value doubled to INR 287 crore in Q4, with collections growing by 91%. Despite growth, the debt-equity ratio improved to 0.90:1. The company aims for 5x growth, projecting a 33% increase in pre-sales for FY25.Read more

22 May 2024

DLF, India's leading property developer, exceeded expectations in Q4FY24, with a 62% rise in net profit to INR 920.71 crore and a 47% surge in revenue to INR 2,134.84 crore. Total FY24 revenue reached INR 6,427 crore, driven by record sales bookings of INR 14,778 crore. The company plans to launch 11 million sq. ft of residential projects in FY25 across markets like Gurugram, Mumbai, Goa, and Chandigarh, targeting a sales potential of INR 36,000 crore. DLF's robust cash flow of INR 4,385 crore and net cash position of INR 1,547 crore position them for sustained growth amidst evolving buyer preferences.Read more

22 May 2024

India's senior living sector is poised for significant expansion in the coming years. The market is projected to grow fivefold, reaching a value of $12 billion by 2030, driven by demand from seniors seeking customized care housing. Currently a nascent sector, it offers major opportunities for developers as India's population ages rapidly. Projections indicate over 1.5 million new senior living units will be needed in the next decade to house the growing elderly population, which is projected to double to 230 million in the next 10-12 years. Developers like Wadhwa Group and Prescon Group are enhancing offerings by integrating advanced facilities and strategic partnerships to meet seniors' diverse needs holistically. With government support and guidelines enhancing quality standards, India's seniors can look forward to vastly improved housing and lifestyle choices tailored for active aging in the coming years.Read more

21 May 2024

Gera Developments is celebrating a decade of its innovative ChildCentric Homes concept with the launch of Gera's Island of Joy in Pune. This 12.5-acre project offers 1,800+ homes, unparalleled amenities like clubhouses, Go-Kart racing, a wave pool, and bowling alley, along with 9 celebrity-led learning academies. Strategically located near IT hubs, it emphasises sustainability. Rohit Gera highlights their commitment to crafting exceptional living spaces for modern families. Amidst substantial growth in Pune's real estate market, Gera maintains equilibrium between supply and demand while increasing apartment sizes to meet evolving family needs.Read more

21 May 2024

Arihant Foundations plans to invest INR 650 crore in real estate projects in Chennai and Bengaluru by FY25, focusing INR 150 crore on Grade A office spaces in Bengaluru. The Chennai-based developer aims to develop 0.5 million sq ft of commercial space and 1 million sq ft of residential space in both cities. Arihant's MD Kamal Lunawath highlights new commercial and residential projects, including premium and mid-segment apartments and senior living developments in Chennai. The company targets 15-20% growth in FY25, driven by increasing investment in Chennai's real estate market and robust office leasing activities.Read more

20 May 2024

Peninsula Land Limited, a prominent real estate developer, secures INR 150 crore through Optionally Convertible Debentures from Arsenio Strategies Private Limited, an affiliate of Alpha Alternative Holdings Private Limited. This investment facilitates the formation of a real estate platform worth INR 765 crores, shared with Delta Corp Limited. AA Holdings contributes 59%, Delta Corp follows with 29%, and Peninsula Land contributes 12%. Peninsula Land will exclusively manage development, leveraging Delta Corp's expertise. The trio aims to capitalise on real estate opportunities, pooling resources to deliver successful projects. This collaboration marks a strategic move to unlock value and drive growth in the sector.Read more

20 May 2024

Renowned real estate developer Rustomjee Group introduces 'The Panorama', a luxury residential project in Bandra West's Pali Hill. Following the success of 'Parishram', this venture anticipates a Gross Development Value of 375 crore rupees. Offering 4 and 5 bedroom residences, each unit features a 44 feet long balcony, providing exclusivity and stunning city views. With amenities like a swimming pool and rooftop terrace, 'The Panorama' prioritizes privacy and comfort for about 20 families. Positioned in Mumbai's cultural hub, it ensures access to premium social infrastructure.Read more

17 May 2024

Kalpataru Projects International Limited (KPIL) reported stellar financial performance for Q4 FY24 and FY24. Revenue grew 22% YoY in Q4 and 20% in FY24, while EBITDA surged 36% and 19% respectively. Profit figures (PBT and PAT) also witnessed significant YoY growth. With a strong order book of INR 58,415 crores, up 27% YoY, and new orders worth INR 30,022 crores in FY24, KPIL is well-positioned for future growth. The company proposed a dividend of INR 8 per share and plans to strengthen its position in T&D and civil construction, leveraging the infrastructure push in India and globally.Read more

17 May 2024

Brigade Group has successfully secured a prime parcel of land on Old Madras Road in Bengaluru, marking a significant milestone in their real estate endeavours. With a hefty investment of INR 660 crore, the residential project will sprawl across 4.6 acres, emphasising sustainability as a core principle. Managing Director Pavitra Shankar highlights the project's strategic alignment with Brigade's growth trajectory, emphasising its commitment to providing eco-friendly living spaces tailored to meet customer preferences. With an extensive pipeline totalling 12.61 million square feet, Brigade Group continues to revolutionise urban living standards across Bengaluru, Chennai, and Hyderabad.Read more