05 Nov 2024

Following the Supreme Court's directive, registrations for flats at Lotus 300 in Sector 107 have begun, with 16 of over 100 homebuyers successfully completing the initial phase. The court upheld an Allahabad High Court order, mandating Noida Authority to proceed with flat registrations despite pending dues from the developer, resolving a decade-long battle for buyers. Efforts to complete registrations for all units and issue occupancy certificates are ongoing, providing long-awaited relief.Read more

04 Nov 2024

Housr, a leading co-living company, is planning a massive expansion to add over 3,000 beds across 30 new properties in seven cities, pushing their total inventory to over 8,000 beds in 100 properties by March 2025. The company aims to hand over 11-12 properties currently in the pipeline and foray into new markets like Chennai and Chandigarh. The company has seen a dramatic shift in demand, with a preference for single occupancy and larger private spaces over twin-sharing rooms, particularly post-pandemic. Housr has tripled in size over the last two years, driven by both organic and inorganic growth, and is now transitioning to offer super-premium products to cater to the evolving market needs. Housr is operating at an annual run rate of INR 100 crore and aims to double this figure over the next 12 to 15 months.Read more

04 Nov 2024

Godrej Properties Ltd (GPL) has secured the rights to develop a 7.5-acre group housing plot on Golf Course Road in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot has a development potential of over 1.7 million square feet, comprising luxury residential apartments with an estimated revenue potential of over INR 5,500 crore. This acquisition is the 11th new project GPL has secured in the current financial year, taking the booking value added through new projects to INR 22,950 crore, surpassing the company's full-year business development guidance. Godrej Properties has also acquired two other prime parcels in the Golf Course Road micro-market, with an estimated revenue potential of over USD 1.5 billion.Read more

04 Nov 2024

Kalyani Developers, known for its commercial projects like Kalyani Tech Park, is expanding into residential real estate with three new projects in North Bengaluru, Whitefield, and Kanakapura Main Road. The company also plans a mixed-use development in Hyderabad and two upscale hotels in North Bengaluru, with a total investment of INR 4,500 crore over the next two years. CEO A. Mohan Raju highlighted Kalyani's commitment to quality and sustainable practices, leveraging its 30-year legacy in commercial and hospitality sectors. This strategic entry into the residential market aligns with Kalyani's vision to deliver diverse, high-value real estate projects catering to evolving market demands.Read more

04 Nov 2024

Signature Global, a prominent real estate developer in India, has entrusted Capacit'e Infraprojects Ltd with a INR 1203 crore construction contract for its prestigious residential project, Titanium SPR, located in Gurugram's Sector 71. The development, covering 14.382 acres and consisting of 608 luxury units, will be executed in two phases, with the first launched in June 2024, achieving a notable pre-sale of over INR 2700 crore. Strategically positioned near Southern Peripheral Road, Titanium SPR promises a unique blend of luxury, with over 55 exclusive amenities and design inspirations drawn from Singaporean architecture.Read more

01 Nov 2024

Golden Abodes, a prominent real estate developer, has launched two new projects in Goa-Anantam Signature in Dona Paula and Avisa in Goa Velha. These projects aim to blend luxury and nature, offering sea-view apartments and riverside homes with top-notch amenities. Anantam Signature boasts over 40 amenities and stunning Arabian Sea views, while Avisa offers a serene riverside living experience. Both developments are scheduled for completion by 2025 and 2026, respectively, with flexible payment plans designed to suit prospective buyers.Read more

01 Nov 2024

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Spaze Towers following a plea from flat owners due to the company's failure to complete the 'Spaze Arrow' project in Gurugram within the promised timeline. An interim resolution professional has been appointed, and the company's board has been suspended. The NCLT rejected Spaze Towers' claims of settling dues with certain allottees and confirmed that outstanding debts exceeding Rs one crore justified the insolvency process. This marks the second insolvency case for the firm, with previous proceedings related to its Spaze Corporate Park project in 2021.Read more

01 Nov 2024

Stonecraft Group has unveiled an iconic PGA-standard golf facility in Hyderabad, developed in partnership with AIVOT Golf & Sports Management, the exclusive PGA of America partner in India. This 200+ acre, 18-hole championship course-the first of its kind in South India-promises a premier experience for both professional and amateur golfers. Beyond its luxury clubhouse and PGA-accredited academy, the course's eco-friendly design incorporates sustainable practices and the Miyawaki Technique, emphasizing environmental preservation. Stonecraft's Woods Shamshabad, featuring the world's largest Miyawaki Forest, demonstrates their commitment to nature-centric, net-zero living, offering farm units within a 100-acre self-sustaining forest community.Read more

31 Oct 2024

Migsun Group will soon begin the possession process for Migsun Janpath, a high-street commercial project in Shaheed Path, Lucknow. The development offers high-street retail, premium business suites, studio apartments, and world-class amenities. Located near Medanta Hospital, it boasts excellent connectivity to key city landmarks, including Lucknow Airport and Ekana Cricket Stadium. The project features high visibility due to its 4-sided open plot and includes multi-level parking, a food court, entertainment zone, and 3-tier security. With limited units still available, Migsun Group invites buyers and investors to invest in this ready-to-move-in commercial destination. The Group is renowned for timely project delivery.Read more

31 Oct 2024

Emaar India, the Indian arm of the globally renowned real estate developer Emaar, is making its debut in Maharashtra with The Casa Venero, an ultra-luxury villa project in Alibag. This new development aims to cater to Mumbai's elite, offering a tranquil weekend or holiday home experience. With exclusive villas, modern amenities, and serene coastal surroundings, Casa Venero sets a new benchmark for luxury living, combining international design standards with Alibag's natural charm.Read more