20 Sep 2024

VTP Realty has expanded internationally with its first sales office in Dubai, targeting NRIs in the GCC region who are interested in investing in Pune real estate. This new office offers direct access to VTP's renowned portfolio of high-quality projects in Pune, streamlining the investment process for NRIs. The expansion features convenient services like flexible payment plans and E-Registration, allowing clients to complete transactions without travelling to India. This move highlights VTP Realty's dedication to enhancing global accessibility and solidifies its ambition to offer premier Pune properties to a worldwide audience.Read more

20 Sep 2024

Table Space has acquired 500,000 sq ft of office space at Kalyani Camellia in Whitefield, Bengaluru, for approximately INR 500 crore, marking its second owned asset in the city. Founded in 2017, the company specializes in custom and managed office solutions, operating over 60 centers in seven Indian cities with more than 9.5 million sq ft of workspace. Post-COVID, demand for flexible workspaces has surged as companies adopt hybrid models. This acquisition follows Table Space's earlier purchase of Panchshil Towers in Pune and underscores Bengaluru's importance, contributing 46% of the company's revenue. The expansion solidifies Table Space's leadership in India's flexible workspace market.Read more

19 Sep 2024

315Work Avenue has expanded its presence by leasing 56,000 square feet of office space at International Tech Park Pune (ITPP), following a previous lease of 44,000 square feet in the same tech park. ITPP, a Grade A technology park developed by Ascendas-Singbridge, spans 2.5 million square feet. With six centers across 0.6 million square feet in Pune, 315Work Avenue now offers around 12,000 workstations. The company manages a total portfolio of approximately 2.5 million square feet and 50,000 workstations in Bengaluru, Chennai, Mumbai, and Pune, with plans to expand into New Delhi & NCR and Hyderabad.Read more

19 Sep 2024

House of Hiranandani is expanding its presence in Mumbai's redevelopment sector, signing projects covering 17 lakh sq. ft. with a Gross Development Value of INR 5,000 crore. The company has entered into agreements with five housing societies in Chembur, planning to invest INR 3,200 crore. These projects include the redevelopment of Maitri Park and Shrinagar Society. With a legacy of over four decades, House of Hiranandani focuses on transforming old, congested areas into sustainable communities. The company also plans to explore other Mumbai locations for redevelopment while maintaining its commitment to excellence in design and environmental responsibility.Read more

19 Sep 2024

Puravankara Limited has expanded its portfolio with new redevelopment projects in Breach Candy and Andheri West, enhancing their role in Mumbai's real estate sector. Rajat Rastogi, CEO - West & Commercial Assets, emphasised the company's commitment to design excellence and timely delivery, reinforcing their reputation as a trusted partner for redevelopment projects. Additionally, in Bengaluru, Puravankara has signed a Joint Development Agreement for a 1.95-acre site in Electronics City, near the Kudlu Gate Metro Station. This project, with a saleable area of 260,000 square feet, is strategically positioned near essential infrastructure, with current market rates ranging from INR 12,000 to INR 14,000 per square foot.Read more

18 Sep 2024

BHIVE Workspace has leased 77,000 square feet of grade-A office space from Address Maker on CMH Road, Indiranagar, Bengaluru, for INR 8.5 crore annually. This new space will accommodate over 1,500 seats and feature various amenities like boardrooms, recreational zones, and dedicated parking. In August 2024, BHIVE also leased 42,000 square feet in Mahadevapura, Bengaluru, following a 62,000 square feet expansion in Mumbai's Bandra-Kurla Complex. Aiming for INR 348 crore in revenue for FY25, BHIVE plans to add 3 million square feet by FY26, solidifying its position as a leader in flexible workspaces across India.Read more

18 Sep 2024

Raymond, a leading textile and apparel conglomerate, has approved significant investments to support the growth of its real estate subsidiaries, Ten X Realty West and Ten X Realty. The board has approved investments of up to INR 100 crore and INR 50 crore, respectively, in the form of redeemable preference shares to fund redevelopment projects. Additionally, the board has re-appointed Ashish Kapadia as an independent director for a second term and appointed Harmohan Sahni, the current Business CEO of the Realty Business, as an executive director. These decisions demonstrate Raymond's commitment to expanding its real estate footprint and strengthening its leadership team to drive long-term success.Read more

18 Sep 2024

Sushma Group has acquired a 59-acre land parcel in Ludhiana for a mixed-use development, featuring residential, industrial, and commercial plots. This project aims to enhance Ludhiana's real estate landscape, leveraging the Ajmeri-Ludhiana Economic Corridor's improved connectivity. With features like medical facilities, green spaces, and infrastructure for fast airport connectivity, the initiative supports Ludhiana's economic growth. Prateek Mittal, Sushma Group's Executive Director, emphasized its role in transforming Ludhiana into a key hub for commercial and industrial activities, fostering sustainable development and elevating the city's economic landscape.Read more

17 Sep 2024

Prestige Exora Business Parks, a subsidiary of Bengaluru's Prestige Estates, has acquired a prime 4.57-acre land parcel in Pune's fast-growing Kharadi area for INR 200 crore. The deal, finalized in April 2024, marks Prestige's expansion into Pune's booming real estate market. Kharadi, known for its IT parks, corporate offices, and upscale residential developments, has become a hub for land investments due to its proximity to Pune's IT corridor and excellent connectivity via the Pune-Mumbai Expressway. Prestige's acquisition from B U Bhandari M&M Real Estate agents aligns with its strategy to capitalize on Pune's dynamic housing and commercial sectors.Read more

17 Sep 2024

The Hive Hostels plans to expand its student accommodations by adding 3,000 beds by FY 2025 with an INR 10 crore investment. To streamline operations and prepare for its upcoming IPO, the company has partnered with Crib, a leading property management software platform. Operating across 10 cities with 20 properties, The Hive recently raised INR 11.5 crore in a pre-IPO funding round. The company is also launching Aurus-Luxury Student Residences, offering 450 premium beds, with plans for 1,000 more. Crib's technology will enhance operational efficiency, supporting The Hive's growth and focus on high-end student housing.Read more