22 Dec 2022

According to a BSE filling Keystone Relators who sells real estate under the Rustomjee Brand will team up with Raj Doshi Exports to develop a residential project in Mahim, Mumbai. The development will be created on a land parcel measuring roughly 6,100 square meters. The development is said to have a saleable carpet area of over 2,80,000 square feet. The project will officially be launched in the new year.Read more

21 Dec 2022

Gujrat based co-working and accelerator platform DevX has recently launched 400 flexible work seats in Andheri East, Mumbai. The new space launched in Mumbai spans across 30,000 square feet and is valued at Rs 3.2 crores. The company hopes to increase its presence in Mumbai to 50,000 square feet in the near future. At present, the company oversees approximately 7 lac square feet of space across the country in over 11 cities with investments to the tune of Rs 60 crores in the pipeline. The company currently has 15,000 seats with places to double this number by the end of the next year.Read more

21 Dec 2022

Mumbai based developer Jagdish Ahuja, along with his son Gautam have been detained on account of fraud cases amounting to Rs 27 crores registered against them with the city’s Economic Offenses Wing (EOW). The builder collected money from individuals for a residential project in Chunnabatti but failed to register the flats in their name or provide a refund of their money as promised. The father-son duo is also being sued in 355 cases of bounced checks.Read more

19 Dec 2022

As a result of a search conducted by the Enforcement Directorate (ED) in November of the Sallarpuria Sattva Group’s Bengaluru office and in accordance with the Prevention of Money Laundering Act of 2002 (PMLA) the ED attached land and bank assets belonging to developers in Hyderabad and Bengaluru totalling Rs 78 crores. The assets include real estate worth Rs 37.58 crore owned by SA Builders & Developers, and a bank balance of Rs 41.05 crore held by Neelanchal Technocrats Pvt Ltd, a Bengaluru-based developer and member of the Sallarpuria Group.Read more

19 Dec 2022

Raymond Realty’s TenX Habitat has been successfully completed and delivered its first three towers 24 months ahead of schedule leaving homebuyers overjoyed. The project was launched in 2019 and is set to become the tallest structure in Thane Skyline with 42 stories and 10 towers. The Address by GS and TenX Habitat, two of the group's premier real estate developments have secured the top two spots in the Thane city area with 78 and 124 apartments sold for Rs 201 crores and Rs 147 crores respectively. This accomplishment is consistent with Raymond Realty's robust second-quarter sales growth, which increased by three times, to Rs 245 crores from Rs 81 crores in the prior year.Read more

13 Dec 2022

As a result of the FIR logged against Sobha Builders and others by the Haryana Police, the Directorate of Enforcement (ED) has provisionally attached immoveable properties of the company, allegedly worth Rs 200 crores. According to the FIR, the Haryana Police believe Sobha Builders and others have colluded to sell land that was earmarked for the “no profit no loss (NPNL)” scheme in the open market for a substantial profit. In its regulatory filling, the company has issued a statement saying the are fulling cooperating with authorities and believe a favourable outcome will soon arise. The plots in question our present in the company’s township developement Sobha International City, located in Gurugram.Read more

09 Dec 2022

Having secured investments of over Rs 800 crores, Hyderabad-based real estate developer Aparna Constructions and Estates is gearing up to introduce four residential projects located near the city’s IT sector and Outer Ring Road. All four projects will offer 2.5 to 3 BHK configurations with carpet areas ranging from 1,314 to 1,981 square feet. The ticket prices will range between Rs 90 lacs to Rs 1 crore. With these new developments, the company has launched a total of seven residential projects in this fiscal year.Read more

08 Dec 2022

Paranjape Schemes has launched “Swaniketan”, a housing project specially catered for differently ables children. Located in Western Pune, the project will be developed in two phases and will contain 240 apartments of 2 and 3 BHK configurations. All the amenities required for special children, including medical centres, early intervention centres, round-the-clock respite centres, vocational centres, and hostels for special children will be made available. The company has partnered with Saad and Forum for Autism members to develop an organisation called FFL Kutumb which will oversee the management and operations of Swaniketan.Read more

07 Dec 2022

Godrej properties recently announced an upcoming launch of a premium housing project in Ashok Vihar, Delhi. The project will be developed on a 27acre land parcel that the company purchased in February this year for a reported sum of Rs 1,300 crores. The project is aimed to generate over Rs 8,000 crores in sales income for the company. Godrej Properties has beefed up its presence in Delhi-NCR this year by launching two projects this year: Godrej Connaught One, a compact luxury development near Connaught Place in another residential complex in Central Delhi.Read more

06 Dec 2022

In what is being construed as the largest contract to be secured by Crystal Lagoons, the company has collaborated with Champion’s Group to create over 100 Public Access lagoon Projects, known as PAL developments and real estate projects in India over the next 20 years. The agreement includes creation of these projects in 26 out of 28 states in the country. With this partnership, Champion’s Group aims to establish a new real estate portfolio with developments targeted at the high-income market that need a membership fee, somewhat equivalent to a classic country club.Read more