26 Aug 2023

In Mumbai's Matunga West, Sumit Woods Ltd. has presented exhibition apartments and a distinctive exercise facility for its Sumit Atulyam project. The building, which was finished in 15 months, features opulent residential units and facilities, such as three show flats and a cutting-edge exercise facility. Construction was sped up by the development of aluminum shuttering technology. With 60% of the project's sales completed, the managing director, Mitaram Jangid, expressed delight in its advancement and invited potential buyers to tour the sumptuous living quarters. P.N. Bhobe, Chief Architect of P.N. Bhobe & Associates oversaw the project's renovation.Read more

24 Aug 2023

South Indian real estate developer Casagrand has appointed cricket legend Sourav Ganguly as its national brand ambassador as part of its expansion strategy into new markets, including Maharashtra. With an investment of around 8000 crores, Casagrand aims to construct 20 million sq. ft in the next three years. The collaboration with Ganguly, known for his leadership style in cricket, will drive a marketing campaign titled "Transforming Lives." Casagrand has completed over 140 projects and 40,000 homes in Chennai, Bengaluru, Coimbatore, and Hyderabad, with plans to become one of India's top 5 builders within five years.Read more

23 Aug 2023

Greater Noida now boasts an operational senior housing complex called "Saral Satya Legacy" thanks to DS Group. The 12-acre complex provides rental senior living that is completely furnished. It attempts to improve the quality of life for inhabitants by providing services including wholesome meals, medical help, and security. The development includes a cutting-edge club, beautiful gardens, and a range of housing alternatives. This project, which reflects a new standard in senior living, demonstrates the DS Group's dedication to comprehensive care and community involvement.Read more

23 Aug 2023

An impressive 58.74% growth in net consolidated profit was recorded for Q1 FY24 by Shriram Properties, a well-known real estate company. In comparison to the same quarter the prior fiscal year, the company's profit after tax increased to Rs 16.62 crore from Rs 10.47 crore. At Rs 157.17 crore, net consolidated total income increased by 8.31%. In the third quarter, Shriram Properties sold 0.78 million square feet for a total of Rs 459 crore. The company's gross debt dropped by 12% to Rs 488 crore, and the acquisition of Shriram 122 West is likely to be completed.Read more

19 Aug 2023

Palladian Partners, a major player in India's real estate sector, unveils an ambitious expansion strategy encompassing 30 additional cities nationwide. Building on recent successes, the company aims to solidify its status as a premier real estate advisory brand, tailoring solutions for diverse markets. Since its inception in late 2020, Palladian has exhibited impressive growth, with this fiscal year's sales revenue crossing 1050 Crores. A robust project pipeline exceeding 6200 Crores marks the company's positive trajectory. Notably, 5.17 Lakh square feet of prime real estate has already been sold this fiscal year, setting the stage for forthcoming launches. Aiming for prominence across India's 16 key cities, Palladian emphasizes a strategy melding local insights with global expertise, anchored by a robust channel partner network of over 19000 members.Read more

18 Aug 2023

In celebration of India's Independence Day, leading real estate developer K Raheja Corp has unveiled a novel music campaign, #PragatiKiDhun. This unique project features a melody composed not of traditional instruments, but of sounds captured from the company’s bustling construction sites and customer interactions across its various sectors, including residences and retail spaces. Skillfully arranged to the tune of the iconic patriotic song 'Saare Jahan Se Accha', this campaign aims to spotlight the significant role played by the real estate industry in India's sustained growth.Read more

18 Aug 2023

Mahindra Lifespaces Developers Limited (MLDL) has partnered with KidZania Mumbai to empower children as sustainability advocates. MLDL's 'Experiences' within KidZania will offer interactive zones like Sustainable Design Studio, Green Power Zone, and Construction Zone, educating children about sustainable practices. The collaboration, aligned with MLDL's 'Green Army' CSR initiative, aims to foster environmentally conscious leaders. The announcement took place during a lively launch event at KidZania Mumbai, symbolizing the partnership's journey to educate young minds through engaging experiences.Read more

17 Aug 2023

Puravankara Limited, a prominent real estate player in India, reported a 12.93% growth in consolidated income, reaching Rs. 335.81 crore in Q1. However, the company faced challenges, resulting in a net loss of Rs. 17.86 crore compared to a profit of Rs. 34.44 crore in the same period last year. Rising marketing expenses and unsold inventory impacted the financials. Despite this, Presales increased by 119% YoY, with sales of Rs. 1,126 crore during the period. The company's average price realization rose by 11%, and net debt decreased, showcasing its commitment to growth amid challenges.Read more

16 Aug 2023

Indiabulls Real Estate reported a significant net consolidated loss of Rs 679.34 crore in Q1 FY24, contrasting with Rs 51.77 crore in the same period last year. Sales surged by 29.25 percent to Rs 195.87 crore in Q1 FY24 from Rs 151.54 crore in Q1 FY23. The company's net consolidated total income grew by 27.35 percent to Rs 209.10 crore in Q1 FY24. The board approved fund-raising through NCDs and/or bonds within a limit of Rs 7,500 crore. The long-term rating was revised by Infomerics Valuation and Rating from "IVR A+" to "IVR A."Read more

16 Aug 2023

Sunteck Realty has reported a net consolidated loss of Rs 6.73 crore in Q1 FY24, contrasting with the previous year's net consolidated profit of Rs 24.94 crore. The company's total income also decreased by 40.55 percent, amounting to Rs 88.41 crore in the same period. Challenges faced by the real estate sector, including pandemic impacts, contribute to the financial performance. Sunteck Realty's board of directors approved the amalgamation of subsidiaries – Skystar Buildcon, Advaith Infraprojects, Magnate Industries, and Shivay Brokers – into the holding company, aiming to enhance operational efficiency.Read more