07 Oct 2024

Roha Realty has rebranded as Vida Realty, aiming to enhance consumer trust and personalise the home-buying experience. The name 'Vida,' meaning life in Spanish, reflects the company's commitment to uplifting residents' living standards. The new logo symbolises the five elements of life and encapsulates five core commitments. Vida Realty will continue its legacy while focusing on sustainable living and modern construction techniques, including an exclusive Buy Back Guarantee, and plans to launch major projects across Mumbai.Read more

04 Oct 2024

Emerald Haven Realty, a wholly owned subsidiary of TVS Holdings, has strategically acquired two prime land parcels in Bengaluru and Chennai, with a combined revenue potential of INR 900 crore. The first parcel, a four-acre site in Thanisandra, Bengaluru, offers a tentative saleable area of 0.5 million sq ft, while the second parcel in Padur, Chennai, presents promising development opportunities. These acquisitions reflect the company's commitment to capitalising on the growing demand for quality real estate in key urban areas, positioning itself as a significant player in the evolving Indian real estate market.Read more

04 Oct 2024

Creditors of Lavasa Corp, India’s first private hill town project, have introduced stricter eligibility criteria for potential bidders after a failed sale attempt earlier this year. Led by Union Bank of India (UBI), 77% of lenders have agreed to require a net worth of INR 100 crore and a refundable deposit of INR 25 lakh for expressions of interest. A new resolution professional and process advisor are expected to replace current overseers. The National Company Law Tribunal recently revived the insolvency process after Darwin Platform Infrastructure failed to implement the approved resolution plan, leaving creditors seeking a fresh approach to secure a buyer.Read more

04 Oct 2024

Excentia Infra, a leading real estate developer, has unveiled Excentia Tatva, Dehradun's first ultra-luxury residential project, nestled in the serene surroundings of Rajpur Road. Spanning across 5 acres, this exclusive low-density development features only 307 premium units, with the company investing a staggering Rs 650 crores in this prestigious project. The project has already received RERA approval. The project features world-class amenities and is strategically located near prominent landmarks like Max Super Speciality Hospital and Taj Hotel.Read more

04 Oct 2024

The redevelopment of Worli's BDD chawls is progressing, with around 550 flats near completion. MHADA began work on 14 structures in 2021, with six buildings under construction and two almost finished. Originally slated for completion in 2025, the project could now wrap up by January 2025. While the redevelopment aims to provide modern housing for 9,689 residents, current tenants are facing severe hardships, including health issues, sewage problems, and power outages. Despite these challenges, officials have assured residents that they will be relocated to the new apartments soon, with some already receiving rent assistance during construction.Read more

03 Oct 2024

Bhumika Group, a renowned real estate developer and the largest mall developer in Rajasthan, has entered the Gurgaon market with a new commercial project on MG Road. Acquiring a 1-acre land parcel, the Group aims to generate approximately INR 300 crore in revenue. This move aligns with their plan to expand their retail footprint in Delhi NCR, with 8.5 lakh sq. ft. of space expected by 2024. The project will feature premium retail, dining, and entertainment options, following the success of their Urban Square Mall in Udaipur.Read more

03 Oct 2024

Shriram Properties Ltd has launched "Codename Pudhiya Chennai," a RERA-approved apartment project in the Thirumazhisai area, to the west of Chennai, with a revenue potential of INR 550-600 crore. Spread across 1.1 million square feet, the project offers two- and three-bedroom vastu-compliant apartments with modern designs and premium finishes. It includes various amenities such as a fitness centre, clubhouse, and landscaped spaces. Strategically located near major transport hubs, including the Thirumazhisai Metro, Chennai-Bangalore Expressway, and the upcoming Parandur Airport, the project promises excellent connectivity and long-term investment value, catering to the evolving needs of Chennai residents.Read more

03 Oct 2024

Over 1,200 LIG and 440 EWS flats were sold under DDA's Sasta Ghar and Madhyam Vargiya Housing schemes, with significant sales in locations like Ramgarh, Rohini, and Narela. Since bookings began on September 10, all HIG flats in Jasola sold out on the first day, and strong demand was seen in Dwarka, where various flats were auctioned. Launched in August 2024 under Delhi LG Vinai Kumar Saxena, these schemes aim to provide affordable, quality housing while enhancing community life with green spaces. Buyers benefit from organized property documents and available sample flats for informed decision-making.Read more

02 Oct 2024

WeWork has leased a total of 143,000 square feet of office space at Embassy Golf Links Business Park in Bengaluru to IBM and OpenText. IBM secured 73,000 sq. ft., while OpenText took 70,000 sq. ft., both for two years. The growing demand for managed office spaces, particularly from the IT sector, is driving these transactions. Recent reports indicate that flexible office space in India reached 58 million square feet in the first half of 2024, with the IT sector accounting for half of the total absorption. IBM also renewed a separate lease for 830,000 sq. ft. in Bengaluru.Read more

02 Oct 2024

Century Real Estate, a prominent player in Bengaluru's real estate landscape for over five decades, has revealed a striking achievement with its new project, Codename Built Rare, in Indiranagar, securing INR 450 crores in sales during its pre-launch phase. Spanning 8.5 acres, this opulent development features 347 luxurious residences and an impressive array of amenities. With anticipated revenues of INR 2200 crores, it is set to redefine high-end living in one of the city's most coveted areas.Read more