21 Oct 2024

Sattva Group and Bain Capital have entered a USD 100 million partnership to develop a built-to-suit co-living platform under the management of Colive. This move marks the largest funding in the co-living sector to date. With Colive's established presence in the rental home market, the collaboration aims to cater to executives seeking serviced living spaces. This venture underscores the growing demand for co-living solutions in India's major cities, especially post-pandemic, as the market is expected to expand significantly.Read more

21 Oct 2024

Ajmera Realty & Infra India Ltd reported a modest 1% rise in its sale bookings during the second quarter of the fiscal year 2024-25, recording INR 254 crore. However, the company experienced a significant 18% increase in total sale bookings during the first half of the current fiscal year, reaching INR 560 crore, reflecting its successful strategy in navigating market challenges and capitalising on the growing interest in the residential real estate segment. Headquartered in Mumbai, Ajmera Realty & Infra India Ltd. is one of the leading real estate developers in the country.Read more

18 Oct 2024

Godrej Properties has made significant strides in its growth by acquiring six new land parcels in the July-September quarter, aimed at developing housing projects worth INR 9,650 crore. This acquisition reflects the company's strategy to expand in the midst of rising housing demand driven by urbanization. Utilizing a combination of direct purchases and partnerships for joint development, Godrej has also secured a total of eight new parcels this fiscal year, offering an estimated saleable area of 11 million square feet and a potential booking value of INR 12,650 crore. With 63 percent of its annual land acquisition target already met, Godrej is reinforcing its market position.Read more

18 Oct 2024

OYO-owned Innov8 has launched a new vertical in the managed office space sector, signaling its expansion into this growing market. With plans to add 4 million square feet of managed office space in India over the next three years, the startup is investing INR 50 crore to develop high-quality infrastructure. Innov8 aims to construct Grade A buildings featuring premium amenities, including a significant project in Mumbai. Established in 2015 by Malik, Innov8 currently operates in nine cities, serving over 350 brands, including notable names like Swiggy and PhonePe. OYO acquired the company in 2019 for approximately INR 220 crore (USD 31.84 million).Read more

18 Oct 2024

In August 2024, Oberoi Realty received approval from the National Company Law Tribunal (NCLT) to acquire Nirmal Lifestyle through the corporate insolvency resolution process. Nirmal Lifestyle holds rights to over 20,000 square meters of land in Mulund West, Mumbai, located adjacent to Oberoi's Eternia project, offering valuable expansion potential. Oberoi Realty will settle Nirmal's INR 273 crore debt, purchasing the company's equity for INR 1 lakh, making Nirmal Lifestyle a fully-owned subsidiary. Additionally, Oberoi plans to raise INR 6,000 crore to fund future projects through phased issuance of shares and other instruments. With these moves, Oberoi Realty is strengthening its foothold in Mumbai's competitive real estate market, enhancing its growth outlook, especially in suburban and high-growth regions.Read more

18 Oct 2024

Transcon has commenced the phased handover of 148 SRA units to residents of Sai Durga SRA Co- operative Housing Society in Santacruz, Mumbai. The event, attended by urban development advocate Shri Ashish Shelar, highlighted the company’s commitment to safe and adequate housing. Director Shraddha Kedia-Agarwal emphasized the focus on sustainability and community needs. The newly built homes prioritize comfort and essential amenities, reinforcing Transcon's dedication to positively impacting urban living and fostering growth in the community.Read more

17 Oct 2024

DLF, India's largest real estate firm by market capitalization, is preparing to launch its most expensive project, DLF The Dahlias, on Golf Course Road in Gurugram. Featuring 400 residences priced from INR 80,000 per square foot, the average cost per apartment is expected to be around INR 100 crore. With a projected sales value of INR 34,000 crore, the project is set to surpass DLF's Camellias, another high-end development in the area. The Dahlias is anticipated to rival Mumbai's luxury projects, marking a new benchmark in India's luxury real estate market, attracting high-net-worth individuals to the NCR region.Read more

17 Oct 2024

Arvind SmartSpaces Limited (ASL), part of the Lalbhai group, has announced a joint development agreement for a new residential project on ITPL Road, Bengaluru, covering 4.2 lakh square feet with a revenue potential of INR 600 crore. This move reflects ASL's strategy to tap into Bengaluru's thriving real estate market, driven by its status as an IT hub and growing population. Kamal Singal, MD & CEO, highlighted the company's strong growth prospects with a cumulative business potential of INR 1,010 crore for the year. ASL's expansion into key markets like Bengaluru positions it well for continued success in India's resurgent real estate sector.Read more

17 Oct 2024

Puravankara reported pre-sales of INR 1,331 crore in Q2-FY25, a rise from INR 1,128 crore in Q1, with total pre-sales of INR 2,459 crore in H1-FY25. Customer-collections reached INR 1,033 crore in Q2, up 18% year-on-year, INR 1,998 crore for H1, up 27%. Average-price-realisation increased by 9% to INR 8,697 per sq-ft The company acquired 5.75 million sq-ft of saleable-land in Mumbai, Bengaluru, and Goa with a potential GDV of over INR 10,000 crore. It signed a JDA for a 1.95-acre plot in Electronics City and entered South Mumbai's luxury market.Read more