29 Mar 2024

Real estate developer Square Feet Group has announced that it will invest INR 300 crore to construct 1,000 flats spread over 3 acres in Thane under their new project 'Yuva Rajya'. Targeting millennials, the project is located opposite Grand Central Park. In the first phase launch, 300 flats were released, of which 100 were sold within 6 hours of the launch. The total cost is estimated at INR 250-300 crore with expected sales of INR 750 crore. The group owns over 20 acres in the area and plans to complete four major projects in Thane by 2027 worth INR 1,500 crore and INR 3,500 crore in revenue, catering to various housing segments and commercial areas.Read more

PNT Reporter

28 Mar 2024

Mahindra Lifespace Developers Limited (MLDL) plans to invest INR 6,000 crore in its residential business over four years, aiming for a fivefold increase in business growth by FY28. Focused on Mumbai, Pune, and Bengaluru, the company aims to achieve a gross development value (GDV) of INR 45,000 crore through new projects and joint developments, alongside housing society redevelopments and land acquisitions, as part of its expansion strategy. Recent initiatives include the launch of Green Estates in Chennai and the successful sell-out of Lakefront Estates, reflecting MLDL's commitment to strategic growth and market presence.Read more

28 Mar 2024

Birla Estates released a show apartment at Birla Niyaara in Worli, Mumbai, including Silas, the New Signature Tower. The event featured a magnificent aerial act and an immersive customer experience developed in collaboration with specialised partners from the United Kingdom and the United States. K.T. Jithendran, Birla Estates' MD and CEO, stressed the tower's iconic status and invitation to experience uber-luxury living. The celebrity-attended launch praised the location's character. Silas boasts spectacular views and LifeDesigned residences in one of Mumbai's greatest integrated complexes, carrying on the Aditya Birla Group's tradition.Read more

27 Mar 2024

Prestige Estates Projects has announced the acquisition of 62.5 acres of prime land in Indirapuram Extension, NCR for INR 468 crore to develop a large mixed-use township project spanning over 10 million square feet with a projected value of over INR 10,000 crore. The project will include residential, retail, education and recreational spaces under the Prestige Group's vision of integrated communities. This strategic land buy demonstrates the company's commitment to the NCR market and expanding its national footprint.Read more

PNT Reporter

26 Mar 2024

Tusker Workspace Pvt Ltd, operating BHIVE coworking spaces, leased seven commercial units totaling over 62,000 sq ft in Adani Realty's Inspire BKC complex in Mumbai's Bandra Kurla Complex (BKC). The lease, at INR 1.39 crore per month for five years, includes stamp duty and registration charges. The agreement, signed on March 2, 2024, includes a 15% escalation clause after three years. Inspire BKC offers unique features like 4.2 mt floor to ceiling height and a triple layer fa�ade system, catering to evolving tenant preferences in commercial real estate. This deal signifies a shift in traditional office spaces to adapt to changing needs.Read more

PNT Reporter

25 Mar 2024

Maestro Realtek, a key player in real estate, joins forces with Vascon for two projects in Pune: a residential project in Talegaon and a commercial venture in Kharadi. The Talegaon project, spanning 3 lakh sq ft, offers premium homes with 5 acres of open space, while the Kharadi commercial space boasts strategic location and amenities. The residential project offers scenic views and lifestyle amenities, while the commercial space guarantees ultra-luxury features and connectivity. With expertise and innovation, Maestro Realtek reaffirms its commitment to transforming real estate landscapes through strategic partnerships like Vascon.Read more

PNT Reporter

22 Mar 2024

White Lotus Group announced luxury villa projects in North Bangalore, projecting a revenue potential of INR 1200 crore. These projects, spanning 1 million sq. ft., introduce the "Personal Sanctuary" concept, offering bespoke living experiences. The group emphasises catering to elite clientele's unique tastes, leveraging their asset-light model for joint developments. Recent funding of INR 150 crore from Luxe Port Group aims to help fuel growth and expansion into Hyderabad, Pune, and Chennai. With a new-age team, White Lotus plans 1.5 million sq. ft. developments in North Bangalore by 2025, prioritising collaboration for future milestones and sustainability.Read more

22 Mar 2024

Shriram Properties has achieved remarkable success with its newly launched project "Codename Ultimate" near Electronic City, Bengaluru. It has sold nearly 70% of its inventory in its opening weekend. The project features a Balinese-themed design and prioritizes open spaces, reflecting the company's commitment to providing tranquil living environments. With a strong track record in the micro-market and a history of delivering quality homes, Shriram Properties continues to garner customer trust and satisfaction through its compelling value proposition.Read more

21 Mar 2024

IWG launches HQ in Bengaluru, redefining workspace with dynamic, adaptable environments spanning 10,000 sq. ft. in two locations. Aimed at meeting evolving needs, HQ offers co-working spaces, private offices, and creative zones. Positioned in key business hubs, it supports the '15-minute city' concept, reducing commute times. The move reflects IWG's commitment to flexible working amid rising demand. Bangalore's status as a tech hub influenced the launch, aligning with the city's surge in workspace demand. IWG's global presence, tech investment, and multi-brand strategy position it for exponential growth in the hybrid working era.Read more

20 Mar 2024

Godrej Properties secured a three-acre land parcel in Hyderabad's Kokapet, enhancing its total booking value to INR 4,800 crore. The acquisition offers a potential of 1.2 million sq. ft., primarily for premium residential apartments. Positioned strategically near Kokapet's Outer Ring Road junction, the location provides easy access to key areas and amenities. Earlier, the company acquired 12.5 acres in Rajendra Nagar, anticipating revenues of INR 3,500 crore. It recently also secured a Noida land parcel with a projected revenue potential of INR 3,000 crore.Read more