05 Aug 2023

Haridwar One is a new residential project in Haridwar, Uttarakhand, launched by prominent real estate developer ETH Infra. The project offers one, two, and three BHK apartments with a range of prices, starting from 44 lakhs to 1.15 crores. Conveniently located just two minutes away from the revered Har Ki Pauri, a significant spiritual site in Haridwar, the project aims to blend modern amenities with the spiritual ambiance of the holy city. The project boasts picturesque views of the Himalayan Mountain Ranges and features lush green gardens, a rooftop club, a skywalk, and a senior living-friendly lifestyle.Read more

05 Aug 2023

NCR-based Royal Green Realty has introduced the 'Courtyard 37D' project, an Shop-cum-Office (SCO) venture located in Gurugram's promising Sector 37D. Spanning 3.63 acres, the initiative offers exclusive built-up plots and the flexibility to develop up to 4 floors along with a basement. With investment slated to exceed Rs 60 crore through internal funds, the project is set for completion by 2025, strategically positioned near Dwarka Expressway.Read more

05 Aug 2023

Arvind SmartSpaces Limited (ASL), a prominent real estate development company in India, has announced the acquisition of two expansive golf-themed development projects in Ahmedabad. These projects cover approximately 704 acres and have a potential worth of around Rs. 2,300 crore. Positioned in South Ahmedabad, they mark ASL's 17th and 18th projects in the area. The projects will follow a joint development model, enhancing returns through low capital intensity.Read more

05 Aug 2023

Godrej Properties reported an impressive 208.68% growth in net consolidated profit, amounting to Rs 133.69 crore in Q1 FY24. The company's total revenue also surged by 196.90% to Rs 1,265.98 crore during the same period. With a robust launch pipeline and resilient demand, they aim to achieve a booking target of Rs 14,000 crore in FY24. Despite a slow start in bookings, the company witnessed a strong performance in deliveries, cash collections, and earnings. Additionally, they granted stock to eligible employees and appointed a new non-executive director.Read more

04 Aug 2023

The Enforcement Directorate (ED) has accused the directors of the Mahira Group, including Samalakha MLA Dharam Singh Chhoker and his sons Sikander Singh and Vikas Chhoker, of diverting nearly Rs 107 crore collected from approximately 1,500 homebuyers invested in an affordable housing project in Sector 68. The ED's investigation revealed that the accused orchestrated the diversion through fabricated expenditures and loans to group-related entities. The ED conducted searches in 11 locations, yielding evidence of money laundering and seizure of luxury cars, jewellery, and cash. The case originated from an FIR filed by the Gurgaon police against Sai Aaina Farms, a company under the control of the Samalakha legislator.Read more

04 Aug 2023

The Securities and Exchange Board of India (SEBI) has imposed fines of Rs 20 lakh each on Kapil Wadhawan and Dheeraj Wadhawan, former promoters of Dewan Housing Finance Corp Ltd (DHFL), for their failure to comply with disclosure norms. The regulatory action was taken after an investigation into the transfer of shares from DHFL to its subsidiary, DHFL Investments, and other related transactions during the period from February to March 2017. SEBI found significant shortcomings in disclosing crucial information to DHFL shareholders, particularly in the postal ballot notice and draft share purchase agreement.Read more

04 Aug 2023

K Raheja Corp has received clearance from the Mumbai bench of the National Company Law Tribunal (NCLT) to demerge its subsidiary, K Raheja Corporate Services, as part of its strategy to consolidate and grow its residential real estate business. The move will enable the company to access capital markets through the listing of the subsidiary and to attract strategic investments. K Raheja Corp's residential vertical already spans Mumbai, Pune, Hyderabad, Bengaluru, and Goa, and the decision marks a significant step in expanding and specializing in residential real estate, underlined by recent land acquisitions and development plans.Read more

04 Aug 2023

Oberoi Realty's net consolidated profit for Q1 FY24 decreased by 20.20 percent compared to the corresponding quarter of the previous fiscal year. The company's total income also saw a slight dip of 0.31 percent in the same period. Despite challenges, the company remains confident in the demand for premium housing and anticipates sustained growth. The approval of the amalgamation scheme aims to enhance operational efficiency and value for stakeholders.Read more

03 Aug 2023

Mahindra Lifespace Developers, the real estate arm of the Mahindra Group, reported a net consolidated loss of Rs 4.27 crore in Q1 FY24, compared to a profit of Rs 75.70 crore in the same period last year. Despite this setback, MLDL remains committed to its vision, aiming for 5X growth in the next five years. The company achieved significant pre-sales of Rs 345 crore in the residential segment during the quarter. With visionary leadership and a focus on excellence, MLDL continues its journey of progress, driven by innovation and dedication.Read more

03 Aug 2023

Olive by Embassy, a prominent player in real estate, plans to launch 2,500 co-living beds in Bengaluru and Mumbai to meet the rising demand for affordable and innovative housing solutions. Focused on millennials and young professionals, the project aims to create collaborative living spaces with shared amenities, emphasizing sustainability and design excellence. By targeting India's bustling metropolitan cities, Olive seeks to redefine urban living experiences and set a precedent for the future of co-living. Leveraging expertise and strategic partnerships, the company aims to expedite construction and deliver high-quality living spaces within a year.Read more