09 Oct 2024

Xanadu Realty, in collaboration with Delta Group, Bhagwati Group, and Pyramid Group, has announced Celestria, a premium residential project in Airoli, Navi Mumbai. Spanning 1 million square feet and valued at INR 1,800 crore, the development will offer nearly 1,000 units of 2BHK, 3BHK, and 4BHK homes. With prices ranging from INR 1.4 crore to INR 4 crore, Celestria is set to redefine luxury living in Navi Mumbai, combining innovative design and quality construction in one of the city's prime residential hubs.Read more

09 Oct 2024

iSprout, a prominent player in the managed office space industry, has leased an additional 1 million square feet of workspace in key locations across Hyderabad, bringing its total managed space in the city to 1.7 million sq. ft. This expansion includes prime spots like SAS iTower, iSprout Tower at Minaas, and Trendset Jayabheri Connect. The move underlines iSprout's commitment to providing modern, flexible workspaces that cater to the growing demand for innovation and productivity, positioning the company for continued growth by 2025.Read more

09 Oct 2024

NBCC (India) is set to lead the SIDBI Vashi redevelopment project, valued at INR 142 crore, following the signing of a memorandum of understanding (MoU) with SIDBI. The agreement includes comprehensive planning, design, and architectural services. In its recent financial report, NBCC announced a 38.47 per cent increase in net consolidated profit for the quarter ending on 30 June 2024, reaching INR 107.19 crore, compared to INR 77.41 crore in the same period last year. Additionally, the company's net consolidated total income for Q1 FY25 was INR 2,197.83 crore, reflecting an 11.34 per cent growth year-on-year.Read more

09 Oct 2024

The groundwater department has directed the AOA of Amrapali Leisure Valley in Greater Noida West to close all private borewells within 15 days and submit a compliance report, following the discovery of 50-60 unauthorized borewells. The society, which has around 800 villas but lacks a completion certificate and a water connection from GNIDA, relies on eight shared borewells for water. Ankita Rai from the groundwater department confirmed these borewells will remain operational, while individual villa owners' borewells will be decommissioned. The AOA asserts that only NBCC, responsible for water supply, should be held accountable. Decisions on fines are pending.Read more

08 Oct 2024

Kanakia Spaces, a real estate developer, has announced plans to invest over INR 1,100 crore in the redevelopment of two large housing societies in Borivali, Mumbai. Spanning 3.3 acres, the project holds potential for over 1.2 million sq ft of development, with a projected value exceeding INR 1,500 crore. The project will begin within six months and is expected to be completed in four years. Despite challenges such as tenant disputes and regulatory hurdles, redevelopment projects remain a key growth area in Mumbai's land-starved real estate market.Read more

08 Oct 2024

Max Estates Limited has launched its first residential project, Estate 360, in Gurugram. In just 30 days, the project reached an impressive pre-sales booking value of INR 4,100 Crore. This exceeded the FY 25 target of INR 4,100 Crore. Estate 360 is the first intergenerational residential community in Delhi NCR, designed to cater to different generations. It offers over 60 amenities and focuses on sustainability, providing a unique living experience for its residents. Estate 360 features facilities designed for all age groups, including senior living spaces managed by Antara Senior Living.Read more

08 Oct 2024

Godrej Properties, a leading real estate developer in India, has a strong presence in major markets like Delhi-NCR, MMR, Pune, and Bengaluru, with a recent entry into Hyderabad. In the last fiscal year, the company's sales bookings surged 84% to a record INR 22,527 crore, the highest among listed realty firms in 2023-24. It aims to achieve INR 27,000 crore in sales bookings. In the first quarter of this fiscal year, sales bookings grew nearly fourfold to INR 8,637 crore compared to the same period last year.Read more

08 Oct 2024

The Southern Regional Conference (SRC) 2024, hosted by The Indian Institute of Architects (IIA) Kerala Chapter, will be held on November 29-30 at Vythiri Village Resort, Wayanad. Themed "Bridging Binaries," the conference will focus on the relationships between architecture, humanity, and innovation. Key discussions will revolve around "Humanity and Society" and "Humanity and Innovation," featuring esteemed speakers, exhibitions, and engaging activities that celebrate architecture and regional culture.Read more

07 Oct 2024

91Springboard, a pioneer in coworking spaces in India, has opened its third hub in Hyderabad's HITEC City, increasing its total workspace to 1,40,000 sq. ft across the city. Located at Raheja Commerzone Hetero Tower, this 48,000 sq. ft hub offers customised office solutions for businesses of all sizes, blending flexible spaces with cutting-edge design and amenities. With its strategic location and exceptional services, the hub aims to cater to the evolving needs of modern enterprises and professionals while enhancing their work experience.Read more

07 Oct 2024

The National Company Law Appellate Tribunal (NCLAT) has approved Supertech's resumption of the Doon Square project in Dehradun, following a settlement with Bank of Baroda and co-developer EBI Projects. The project, which plans to build 750 units, will be completed within 515 days, with only 150 units currently handed over. EBI Projects has made an upfront payment of INR 75 lakh, with further payments structured over the next year. Homebuyers have also consented to the project's continuation, indicating strong stakeholder support. NCLAT noted no existing disputes, paving the way for Supertech to proceed with construction.Read more