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

28 Oct 2024

Suraj Estate Developers has raised INR 343 crore through a preferential allotment of equity shares (INR 243 crore) and convertible share warrants (INR 100 crore). The funds will support land acquisitions, working capital, and corporate expenses. The company issued 21,05,467 equity shares at INR 714 per share, increasing its paid-up capital to INR 23.88 crore. Additionally, 13,30,000 convertible warrants were issued at INR 750 per warrant, with 25% paid upfront. The promoter group's holding will dilute from 74.95% to 67.71%. This fundraising strengthens Suraj Estate's operational capacity and positions it for growth in the residential and commercial real estate segments.Read more

28 Oct 2024

Godrej Properties has acquired three acres in Vastrapur, Ahmedabad, to develop 0.9 million square feet of residential space, with an estimated booking value of INR 1,300 crore. The project offers diverse apartment configurations in a prime location with excellent connectivity and amenities. Additionally, Godrej emerged as the highest bidder for a group housing project in Kharghar, Navi Mumbai, and is planning a 6.54-acre development, offering around 2 million square feet of space. With an expected total revenue potential of INR 3,500 crore, these projects reflect the company's focus on strategic growth, addressing varied housing needs, and reinforcing its leadership in India's real estate market.Read more

28 Oct 2024

The stamps and registration department hosted a special camp at Eldeco Aamantran in Sector 119, Noida, where 81 flats were registered, generating INR 2.4 crore in revenue. The developer chose not to participate in the UP-government's rehabilitation scheme due to low outstanding dues. Homebuyers expressed joy at receiving their registration papers, likening it to an early Diwali celebration. Nikhil Singhal, president of the apartment owners' association, noted that 950 out of 1,260 flats had been registered, with 310 still pending. The department plans additional camps, with the next one scheduled for October 22 at Great Value Sharanam in Sector 107.Read more

28 Oct 2024

Iraah Lifespaces, a leading ultra-luxury villa developer, recently won two prestigious awards at the Business Excellence Awards 2024: Best Developer of the Year in Luxury Second Homes and Best Design Concept & Architecture. The awards were presented to founder Vikas Sutaria by actress Bhagyashree during a ceremony in Mumbai. Sutaria attributed the success to his team's dedication in creating exceptional living spaces that blend luxury with comfort. Known for its innovative designs in scenic locations like Alibaug and Lonavala, Iraah Lifespaces continues to set benchmarks in sustainable, high-quality villa development. The company remains a leader in crafting ultra-luxury homes that reflect elegance and modern aesthetics.Read more

25 Oct 2024

K Raheja Corp Homes successfully concluded the second edition of its 'WE WILL' initiative, part of the 'Royalty' program, which saw over 5,000 families participate in a donation drive across Mumbai, Pune, and Hyderabad. In collaboration with NGOs like Goonj, OM Creations Trust, and Ashray-Akruti, the initiative collected 750 pieces of clothing, 550 books, and 200 toys for underprivileged communities. An exhibition featuring festive decor made by individuals with special needs added to the event's success. K Raheja Corp Homes, known for its commitment to community and sustainable living, continues to foster social responsibility and positive change through its residential projects and philanthropic efforts.Read more

25 Oct 2024

The Guardians Real Estate Advisory achieved another milestone by recording over INR 350 crore in sales during the Dussehra weekend, following their previous success of INR 515 crore during Akshaya Tritiya. Launched in 2016, the firm operates across India and Dubai, offering comprehensive real estate services including project management, marketing, and sales. Dussehra, seen as an auspicious time for investments, further boosted buyer interest. Jayesh Rathod, Director and Co-founder, attributes this success to the company's commitment to quality and trust. The company's continued strong performance during key festivals underscores its role in India's thriving real estate market.Read more

25 Oct 2024

AFCONS Infrastructure Ltd, the infrastructure arm of the Shapoorji Pallonji Group, has set the price band for its INR 5,430 crore IPO at INR 440-463 per share. The offering includes a fresh issue of INR 1,250 crore and an offer for sale of INR 4,180 crore. Proceeds will fund capital expenditures, working capital, debt repayment, and general corporate purposes. The IPO opens on October 25 and closes on October 29. AFCONS previously raised INR 2,967 crore from institutional investors in a pre-IPO placement. The company's order book stands at INR 31,747 crore as of June 2024, and it reported a rise in FY24 revenue and profit.Read more

24 Oct 2024

The Maharashtra government has sanctioned INR 41.21 crore for the redevelopment of the Siddharth Vihar hostel in Wadala, following the intervention of Ramdas Athawale, chairman of the People's Education Society and Central Minister of State for Social Justice and Empowerment. The hostel, declared dilapidated in 2015, was demolished by the BMC for safety reasons. Architect Shashi Prabhu initially proposed a renovation plan costing INR 78 crore, but funding delays raised concerns. After continued discussions, the government approved the funds, with the project to be carried out under Public Works Department regulations. This redevelopment will modernize the hostel, honoring BR Ambedkar's legacy and improving educational infrastructure.Read more

24 Oct 2024

AAIJI Group has acquired 50 acres of land in Dholera, Gujarat, with an estimated project cost exceeding INR 150 crore. The company plans to develop a mix of residential options, including 3BHK villas, plots, and retail spaces, contributing to the area's growth. Additionally, the launch of the second phase of Project Lotus 1145 will expand the project's total area to 100,000 square yards. To date, AAIJI Group has invested over INR 100 crore in five projects in Dholera, reflecting its confidence in the region's potential for development.Read more