12 Sep 2023

Sumadhura Infracon, a prominent real estate developer, intends to invest Rs 5,000 crore to double its property portfolio in the next three years. The company recently acquired 45 acres along Bengaluru's Outer Ring Road for a commercial project and plans to construct three million square feet of residences and develop two million square feet of land in 2023. Chairman G. Madhusudhan highlighted that internal accruals and strong financial institution partnerships would fund most of the projects. The company also ventures into plotted development with nearly 100 acres in Devanahalli, aiming for a total of five million square feet of construction.Read more

12 Sep 2023

ASBL, a forward-thinking real estate company, has launched its latest project, ASBL Loft—a high-rise residential community designed to address modern homebuyers' needs. The project, located in the financial district, offers exclusive 3BHK units with outdoor living balconies and aims for accelerated completion by December 2026, thanks to innovative 'digital twin' technology, Inncircles Arena. ASBL Loft goes beyond traditional housing, offering premium services like childcare facilities, fitness and wellness spaces, and work-from-home (WFH) convenience. The design is the result of extensive research into customer lifestyles, emphasizing biophilic design principles and a strong sense of community with urban corridors.Read more

11 Sep 2023

Garbage collection in Crossings Republik, with 14,000 flats, has been halted due to a lack of waste processing facilities, in line with Solid Waste Management Rules. The housing societies and commercial units generate a significant amount of waste daily. The Federation of Crossings Republik AOA may request a two-month extension to establish processing facilities. The Municipal Commissioner has not received such requests and emphasizes holding builders accountable. Compliance with waste management rules is being verified in integrated townships, highlighting the importance of responsible waste management in growing urban areas. The outcome will impact residents and the environment.Read more

11 Sep 2023

SS Group has unveiled its luxury project, SS Cendana Residences, in Sector 83 of Gurgaon. The opulent complex spans 8 acres and includes 10 high-rise towers designed by renowned architect ARCOP. It offers a wide range of amenities, catering to various interests and age groups. The project aims to provide a self-contained luxury living experience and reflects SS Group's commitment to delivering upscale homes in prime locations. With its thoughtfully planned design and amenities, SS Cendana Residences is set to redefine modern luxury living in Gurgaon, making it an attractive option for premium homebuyers in the area.Read more

11 Sep 2023

Ashiana Housing, a renowned real estate developer listed on NSE and BSE, is embarking on an ambitious expansion in Western India. Their diverse portfolio includes residential and senior living projects, with a substantial investment of approximately Rs 550 crore. Notable projects like Ashiana Malhar and Ashiana Amodh in Pune exemplify their commitment to quality and innovation. With successful ventures in nine Indian cities and millions of square feet developed and managed, Ashiana Housing is rapidly becoming a trailblazer in the Western Indian real estate sector, reshaping the region's housing landscape.Read more

08 Sep 2023

Following a collective request from 28 unit holders invested in the Gurugram-based 'Imperia Mindscape' project, the National Company Law Tribunal (NCLT) has ruled in favour of initiating insolvency proceedings against Imperia Structures. The tribunal's decision is grounded in a thorough review of financial records, revealing an outstanding debt of Rs 36.79 crore due to Imperia Structures' inability to fulfil promised assured returns. This development highlights the growing concerns surrounding the realty firm's financial obligations and underscores the urgency of addressing these issues through the insolvency process.Read more

08 Sep 2023

Naiknavare Developers, known for their community-centric projects in Pune, Mumbai, and Goa, have launched "Avasa Grassland," a premium plotted development in Chakan, Pune. This project is part of the larger Dwarka Township, offering plots ranging from 1836 sq ft to 3298 sq ft. Situated amidst a thriving community with excellent amenities and infrastructure, it's strategically located near major industrial zones and business centres. Residents will also enjoy a Forest Park, and the development includes various amenities like a Senior Citizen Sitting Area, Vegetable Garden, and more. This expansion reflects Naiknavare Developers' commitment to offering diverse real estate solutions.Read more

08 Sep 2023

EFC (I) Limited, an integrated office infrastructure and design company in India, has expanded into the Delhi NCR region by opening a 65,000 sq. ft. managed office space in Noida's Sector 62, with an option for an additional 65,000 sq. ft. The facility will host prestigious brands like Tata Capital and Virtuous Transactional Analyst, along with EFC's own regional operations teams in a 25,000 sq. ft. office. EFC aims to tap into Delhi NCR's thriving office leasing market, with plans to significantly increase its total capacity to 60,000 seats by March 2024, as it reported strong financial performance in Q1FY24.Read more

07 Sep 2023

Prestige Group is embarking on a transformative venture in Hyderabad with Prestige City Hyderabad, a sprawling 64-acre mixed-use township. This ambitious project, requiring a substantial investment of Rs 5,000 crore, promises to reshape the city's urban landscape. Set for completion in four years, it anticipates a remarkable gross development value of Rs 8,000 crore. Featuring a diverse range of residential units, including villas and a massive retail mall, this development aims to cater to a wide spectrum of residents and stimulate economic growth in the region. Prestige Group's track record of excellence adds credibility to this visionary undertaking.Read more

07 Sep 2023

Whiteland Corporation, a Gurugram-based real estate developer, has announced a strategic collaboration with Shapoorji Pallonji E&C for their residential projects, The Aspen & Aspen Iconic. Located in Gurugram's sector 76, these projects encompass 3.3 million square feet of construction area and feature 11 towers ranging from 30 to 43 stories. Shapoorji Pallonji E&C, known for its construction expertise, will contribute to the projects' execution. Whiteland aims to set new standards in the real estate industry through this partnership, which has been carefully crafted to ensure the successful delivery of these prestigious developments.Read more