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

31 Oct 2024

Navin's, a prominent builder known for green buildings, has launched its festive campaign 'Unga Veedu - Love ah, Arranged ah?' featuring South Indian actress Dushara Vijayan. The ad draws a parallel between choosing a life partner and finding a home, emphasising both emotional connection and practical considerations. Navin's offers ready-to-move-in homes starting at INR 44 lakh in Chennai, appealing to first-time buyers with no pre-EMI burden. Managing Director Navin Kumar highlights the company's focus on quality, transparency, and eco-friendly construction. The campaign positions Navin's as a trusted brand, blending modern amenities with traditional values.Read more

31 Oct 2024

Arkade Developers plans to invest approximately INR 570 crore in a new project called Arkade Rare in Bhandup, Mumbai. This follows their acquisition of three acres of land for INR 103 crore in September 2023. The development will consist of seven towers, each 21 stories high, offering 432 residential units in 2BHK and 3BHK configurations, along with 43 commercial units. Amit Jain, chairman of Arkade Developers, emphasized the company's commitment to quality housing in the area, which is gaining popularity among homebuyers seeking better living conditions. The total construction area will be around 725,000 square feet, with an estimated sales value of INR 760 crore, catering to the rising demand for housing in Mumbai's suburbs.Read more

30 Oct 2024

Kolte-Patil Developers Ltd. (KPDL) reported its highest-ever quarterly sales of INR 770 crore for Q2FY25, with the premium 24K segment contributing 30%. Sales volumes reached 1.03 million square feet, driven by flagship projects like Life Republic. Average realisations increased by 16% year-on-year to INR 7,472 per square foot. Collections totalled INR 550 crore for the quarter and INR 1,162 crore for H1FY25. CRISIL upgraded KPDL's ratings, reflecting financial strength. KPDL's growth is fuelled by strong sales, premium project success, and disciplined financial management, positioning it for continued success in Pune, Mumbai, and Bengaluru.Read more

30 Oct 2024

The Delhi High Court has directed Ansal Properties and Infrastructure Ltd. to maintain the status quo on its unencumbered assets following a petition by Debenture Trustee Vistra ITCL. This order, aimed at enforcing a previous Arbitral Tribunal ruling requiring security of INR 503 crore, prohibits any dealings with these assets. A follow-up hearing is scheduled for January 2025 to assess further developments in the case.Read more

30 Oct 2024

Ceratec Group and Chaitanya Developers have launched Tower 108, a premium 108-meter-tall commercial project in Balewadi, Pune. Strategically located near the Pune-Bangalore Expressway and Balewadi Stadium, Tower 108 offers over 400,000 sq. ft. of office and showroom space across 26 floors, accommodating 450 office units. Designed with sustainability in mind, the tower features energy-efficient infrastructure, modern amenities like a gym, cinema, and conference rooms, and extensive security measures. With excellent connectivity, including an upcoming metro station nearby, Tower 108 aims to redefine Pune's commercial landscape, offering an inspiring workspace for businesses. The project reflects Ceratec's commitment to quality, innovation, and sustainability.Read more

30 Oct 2024

Aditya Birla Real Estate has reported a remarkable turnaround for Q2 FY25, posting a net profit of INR 2.82 crore, compared to a net loss of INR 32.87 crore in the same quarter last year. Total income surged by 30.26% to INR 1,138.08 crore, driven by increased demand and successful project launches. Key acquisitions include a 10-acre site in Worli, Mumbai, with a gross development value of INR 14,000 crore, and a five-acre plot in Gurugram valued at INR 1,400 crore. This growth, along with a stable financial position, highlights the company's resilience and potential for future expansion in India's recovering real estate market.Read more

29 Oct 2024

Nirala World has acquired 2.6 acres of land in Greater Noida West for INR 180 crore to develop a commercial project, possibly a mall or high street. The project will begin once UPRERA approvals are obtained. The firm recently launched a luxury residential project, 'Nirala Trio,' and has already completed the 25-acre 'Nirala Estate' development, delivering 3,600 homes, with 450 more units to be handed over soon.Read more

29 Oct 2024

Prestige Estates Projects Ltd is investing around INR 7,000 crore to develop a large township in Ghaziabad, part of its expansion in the Delhi-NCR property market. The 'Prestige City' project will span 10 million square feet, featuring residential units, retail, and educational facilities, with expected revenue of over INR 10,000 crore. The company has also acquired land in central Delhi for an ultra-luxury housing project and plans a project in Noida. Despite a recent decline in sales bookings, Prestige achieved INR 21,040 crore in bookings last fiscal year and aims for INR 24,000 crore this year, positioning itself for further growth in Delhi-NCR.Read more

29 Oct 2024

Minimalist Hotels, India's leading poshtel chain, has launched new coworking spaces at its Goa, New Delhi, and Varanasi locations. These upscale hostels, combining luxury and affordability, now offer dedicated workspaces within their cafes, catering to remote workers and travellers with flexible schedules. Promoting "hybrid hospitality," Minimalist Hotels allows guests and non-guests alike to access productive environments for video calls, networking, or brainstorming. Daily passes are available at INR 1,000, while a monthly membership costs INR 20,000, offering discounts on food, beverages, and stays. This thoughtful blend of work and leisure makes Minimalist Hotels ideal for modern travellers.Read more