11 Sep 2024

Eros Group is investing INR 400 crore to advance the development of Phase 3 of its Eros Sampoornam residential project in Greater Noida. Spanning 21,728 square metres, the project includes 11 towers with luxurious 2 and 3 BHK apartments. The company has already sold inventory worth INR 200 crore, reflecting strong buyer confidence. Located near the upcoming Aqua Line metro station, the project offers state-of-the-art infrastructure and modern amenities, including a gated community and a sophisticated community centre. Eros Sampoornam 3 promises to elevate living standards, blending luxury, comfort, and strategic convenience for its residents.Read more

11 Sep 2024

Landmark Group, a prominent real estate developer based in Gurugram, is gearing up to expand its business portfolio with a robust project pipeline. The company plans to invest INR 4,200 crore over the next two years to launch a mix of luxury, retail, and commercial projects in the thriving micro-markets of Gurugram. Landmark Group's upcoming projects include a group housing development along the Dwarka Expressway and a premium high street project in New Gurgaon, both slated for launch by the end of 2024. The company's diverse real estate portfolio includes townships, villa complexes, group housing, and mixed-use retail spaces, as well as co-working spaces.Read more

11 Sep 2024

Mumbai's Arbour Investments has forged a strategic partnership with Justo Realfintech through a USD 7 million investment, including USD 5 million in equity and USD 2 million in debt. This investment is designed to leverage Justo's innovative sales and marketing strategies along with Arbour's financial strength, enhancing service offerings and expanding market presence, particularly in the mid-market developer sector. The collaboration aims to integrate Justo's expertise with Arbour's capabilities, driving growth and innovation while improving project efficiency and client satisfaction.Read more

10 Sep 2024

WeWork India is set to lease over 400,000 square feet in Delhi and Gurgaon, expanding its footprint in response to rising demand for flexible workspaces. The company will occupy 148,000 sq ft at Prestige Trade Tower, 115,000 sq ft at Bharti Worldmark 6, and 140,000 sq ft at DLF Cyber City. This move aligns with a broader trend in the National Capital Region (NCR) where office leasing activity is increasing. Key developments by Prestige Group and Bharti Realty highlight the region's growing appeal for global businesses and the shift towards hybrid work models.Read more

10 Sep 2024

Shriram Properties Ltd, a division of the Shriram Group, plans to boost its sales and revenue over the next three years. They are focusing on mid-market housing projects and aim to double their sales and triple their revenue. The company has launched a new brand identity called SPLNxT to improve its image. Shriram Properties will invest INR 2,000 crore in new projects and expand their inventory. They are also planning to enter the Pune market and continue their strong presence in Chennai. Additionally, they will look into projects for senior retirement homes.Read more

10 Sep 2024

As Ganesh Chaturthi approaches, Group Satellite is celebrating with special, limited-time offers for homebuyers. Their project, Aarambh Avyaan, is presenting 1 BHK homes starting at an all-inclusive price of INR 54.50 Lacs. Buyers can secure a home with a 10% down payment plus Stamp Duty, enjoying financial freedom throughout 2024. Each purchase includes a 10 GM Gold Coin and a Modular Kitchen. This offer is valid until September 18, 2024. According to Mr. Himanshu Jain, the festive season is an opportune time for home investment, and Group Satellite's deals align with ongoing infrastructure developments in Mumbai.Read more

10 Sep 2024

Siddha Group, in collaboration with Sejal Group, announces the Express of Interest (EOI) Phase for their final tower, "WOW OR NEVER," at 'Siddha Sky' in Sion NX. From August 29 to October 3, 2024, buyers can access EOI benefits worth INR 21 Lacs. The project features 5 towers with 39 storeys each, connected by Mumbai's first Rooftop Skywalk. Offering 2 & 3 Bed Lifestyle Residences, it includes over 4 acres of open space, a 22,000 sqft Resident's Club, and a range of unique amenities.Read more

09 Sep 2024

Birla Estates has partnered with LGCPL Group to develop a 131-acre land parcel in Sector 150, Noida. This project, pending necessary approvals, will feature a 50-acre golf course and top-tier sports facilities. Located near the Noida-Greater Noida Expressway and the Yamuna Expressway, the site offers excellent access to Delhi, Noida, and Greater Noida. This venture is part of Birla Estates' broader expansion plan, which includes a five-acre plot in Sector 71, Gurugram, expected to generate over INR 1,400 crore in revenue. Additionally, Ekamaya Properties, a subsidiary, recently acquired land in Kalwa, Maharashtra, for INR 595 crore.Read more

09 Sep 2024

Following its acquisition of Jaypee Infratech Ltd (JIL) on June 4, 2024, Suraksha Group has outlined a resolution plan to address JIL's debt and revive its projects. The plan includes allocating 2,552 acres of land to lenders, injecting INR 125 crore in equity, and securing INR 3,000 crore in loans to complete 20,000 residential units. With an estimated need of INR 6,500-7,000 crore to finish 160 towers, Suraksha aims to restart construction by October 2024. Governance changes and a payment of INR 1,334 crore to YEIDA are also part of the strategy, reflecting broader real estate sector challenges.Read more

09 Sep 2024

Curated Living Solutions Pvt Ltd (CLSPL) and Shree Banbai Nenshi Trust (BNMV) Trust have partnered to launch Ivy League House, a 325-bed student hostel in Juhu, Mumbai. Spanning 100,000 square feet on Gulmohar Road, this all-female hostel caters to students from nearby institutions like NMIMS and Mithibai College. The initiative reflects a rising trend in premium student accommodations amid high demand and urban challenges. Emphasizing secure, supportive living environments, the project aims to set new standards in student housing. With a projected shortfall of 20 million student beds by the decade's end, this development addresses a crucial market need.Read more