09 Sep 2024

Macrotech Developers has acquired Opexefi Services and One Box Warehouse for INR 46.67 crore and INR 49.09 crore, respectively. Both companies will operate as wholly-owned subsidiaries, marking Macrotech's entry into the logistics and digital infrastructure sectors. This strategic move aims to enhance operational efficiencies and meet growing market demands driven by e-commerce and technological advancements. The acquisitions align with the expanding logistics market in India, projected to reach USD 215 billion by 2025. Macrotech's investment reflects its commitment to diversifying its portfolio and strengthening its presence in the industrial sector.Read more

06 Sep 2024

Urban Vault, a managed co-working firm, has leased 100,000 square feet of prime office space at Brigade Summit in Whitefield, Bengaluru, to meet the growing demand for managed workspaces. The new facility will house over 2,000 desks, with a per-seat cost of INR 9,000 and above-monthly. Urban Vault, with over 20 lakh square feet of office space and 30,000 desks in its portfolio, plans to expand into Pune, Gurugram, Hyderabad, Delhi-NCR, and Mumbai. The company reported a turnover exceeding INR 100 crore in the 2023-24 fiscal year, driven by the demand for Grade A office space.Read more

06 Sep 2024

The Supreme Court has cleared the way for the NBCC, a public sector undertaking, to construct nearly 8,000 additional apartments in six of the 24 stalled Amrapali projects in Greater Noida and Noida. The funds generated from the sale of these flats will be used to recover project costs and clear the dues owed by the bankrupt real estate developer Amrapali to the Noida and Greater Noida authorities. Amrapali had declared bankruptcy in 2017 and abandoned the 24 projects, leaving thousands of homebuyers in the lurch. The Supreme Court has allowed NBCC to pay INR 743.16 crore to the authorities for a higher floor area ratio (FAR) to expedite the construction work.Read more

06 Sep 2024

Unitech has resumed the construction of its long-stalled South Park project in Gurugram's Sector 70, which was halted in 2013. Originally intended to deliver 832 flats across 27.4 acres, only 672 units were sold before work stopped. The new management, appointed after a Supreme Court order, secured necessary clearances and plans to complete the project within three years. An additional 4.31 acres have been acquired to expand the project. Safety assessments are being conducted, and a quarterly payment plan for buyers has been introduced. However, buyers face challenges in securing loans, with some planning to seek court intervention.Read more

05 Sep 2024

The Chapter, a luxury holiday home developer backed by prominent figures like Nadir Godrej, Anand Piramal, and the Burman family of Dabur India, plans to invest over INR 850 crore to develop high-end villas across key leisure destinations in India. The company, part of the Isprava Group, has acquired over 100 acres in Goa, Alibaug, Karjat, and Kasauli with an initial investment of INR 450 crore. Boosted by a INR 200 crore funding round led by Symphony International Holdings, The Chapter is expanding rapidly to meet the growing demand for branded luxury villas, with 600 villas under construction and 200 already delivered.Read more

05 Sep 2024

Omaxe Group has launched 'The Omaxe State,' India's first 5-in-1 destination for sports, retail, hospitality, food, and culture, spanning 50.4 acres in Dwarka Sector 19-B, New Delhi. Developed in partnership with the Delhi Development Authority (DDA) and involving an investment of over INR 2500 crore, the project includes a state-of-the-art cricket and football stadium, an international multi-sports indoor arena, and India's largest F&B space. It also features an air-conditioned high-street retail area, exclusive sports and leisure clubs, and various top-tier amenities. Set to revolutionize Delhi's infrastructure, the project is expected to generate over INR 4,200 crore in revenue and be completed by 2027.Read more

05 Sep 2024

Chandak Group, a leading Mumbai real estate developer, has won the REAL ESTATE & BUSINESS EXCELLENCE AWARD for 'Innovative Real Estate Marketing Campaign of the Year.' The award was presented by Ms. Esha Deol at the Westin Mumbai Garden City. The campaign, notable for its comprehensive 360-degree approach, included print, OOH, IPL ads, digital, influencer marketing, and Out-Film advertising with the film Mr. & Mrs. Mahi. It also featured advanced CGI videos and a brand visibility initiative with Zomato. Launched in April 2024, the campaign for Chandak Highscape City achieved over 10 million views and 3,200 site visits within a month.Read more

04 Sep 2024

NeoLiv, in partnership with Royal Green Realty, is entering North India's real estate market with a major project in the Kundli-Sonipat Master Plan area. This 20-acre development, valued at over INR 600 crore, will feature premium villas, independent floors, and custom plots, along with a clubhouse designed by international architects. The project aims to meet the rising demand in the National Capital Region (NCR) driven by the nearby Maruti Suzuki plant, Asia's largest automobile facility. NeoLiv's CEO Mohit Malhotra and Royal Green's Managing Director Yashank Wason highlight the project's potential to enhance Sonipat's real estate landscape.Read more

04 Sep 2024

Century Real Estate Holdings Private Limited, founded in 1973, is a leading real estate developer in South India with over 50 years of legacy. Managing assets valued at over USD 2 billion and a development portfolio exceeding 20 million sq. ft., the company has achieved remarkable growth, including a 4X turnover increase in the past four years. Century's recent projects, like Century Novus and Century Trails, have sold out swiftly, reflecting high demand. Known for its strategic partnerships, accolades, and Great Place to Workr® recognition, Century is set for significant growth with ambitious plans for FY 24/25 and beyond.Read more

03 Sep 2024

Awfis Space Solutions has expanded its partnership with Nyati Group, securing an additional three lakh square feet of grade-A workspaces under its managed aggregation model. This move increases Awfis' total workspace with Nyati to five lakh square feet across Pune. The company now operates around one lakh seats across 169 centres in 17 cities. Awfis has also signed agreements for 15,668 more seats, reinforcing its growth. With a client base dominated by large corporations and MNCs, Awfis maintains a strong portfolio, reflecting its strategic focus on asset-light expansion and long-term client relationships.Read more