22 Jun 2023

In a recent development, the National Company Law Tribunal (NCLT) has granted approval to Ace Infracity's resolution plan for 3C Homes. This comes after the NCLT initially denied approval due to opposition from some of the allottees. The matter was subsequently taken to the National Company Law Appellate Tribunal (NCLAT), which has now remanded the case back to the NCLT with specific instructions. The resolution plan aims to address the challenges faced by 3C Homes and pave the way for its successful restructuring and revival.Read more

22 Jun 2023

Dotom Realty and Eka Life Ltd. have partnered to introduce DOMAIN, a luxurious residential development in the prominent locality of Govandi, Mumbai. This project will feature the tallest residential luxury tower in Central Mumbai, comprising two towers with 33 floors. DOMAIN will offer premium residential segments, rooftop amenities, and multi-level car parking. The choice of Govandi as the location is driven by its excellent connectivity and infrastructure growth. The project's unique selling points include its magnificent 360-degree skyline view and a design tailored to modern luxury living.Read more

22 Jun 2023

Kalpataru Limited has announced its plans to invest in the redevelopment of a housing society spanning nearly 6 acres in Borivali, Mumbai. With a substantial investment of Rs. 700 crore, the project aims to transform the existing residential complex into a modern development covering 7 lakh sq. ft. The redevelopment will comprise 11 buildings housing a total of 400 apartments, which will be provided to the current residents as renovated units. Approximately 90% of the project will be dedicated to premium residential development, while the remaining portion will be allocated for commercial use. Kalpataru expects to generate a revenue of Rs. 1700 crores from this venture.Read more

21 Jun 2023

MANA, a trailblazing real estate brand, acquired 9 acres of prime land in Sarjapur, aiming to create unrivalled premium living spaces. This aligns with their vision to expand in East Bengaluru. The acquisition enables MANA to deliver upscale, eco-friendly properties that exceed expectations. The upcoming Sarjapur apartments blend green living, luxury, and convenience. The strategic location offers easy access to employers, making it ideal for professionals seeking a luxurious lifestyle.Read more

21 Jun 2023

In Hyderabad's developing Kokapet neighborhood, Sattva Group has launched Sattva LakeRidge, its newest residential development. Six high-rise towers make up the project, which comprises 897 opulent apartments with three to five bedrooms. Elegant architecture, first-rate amenities, and an IGBC Gold rating for its eco-friendly initiatives are all features of Sattva LakeRidge. The project is a desirable option for prospective purchasers seeking opulent and modern living spaces in Hyderabad's flourishing real estate market because of its strategic position and close proximity to utilities, educational institutions, healthcare facilities, and entertainment options.Read more

21 Jun 2023

In an electronic auction, Godrej Properties won the right to purchase 7.44 acres of property in Kolkata's New Alipore from the West Bengal Housing Infrastructure Development Corporation. Godrej Properties intends to build a luxurious group home project with an estimated developable potential of over 9.8 lakh square feet and a revenue potential of roughly Rs 1,200 crore on the site thanks to the land acquisition. The demand for luxury residences in Kolkata's real estate market has increased, and Godrej residences' acquisition positions the business to meet the city's expanding need for upmarket residential options.Read more

21 Jun 2023

The Delhi High Court has granted bail to Preeti Chandra, wife of Unitech promoter Sanjay Chandra, in a money laundering case. The order will be effective after June 16, as the Enforcement Directorate requested time to challenge it. The case stems from allegations that the Unitech Group and its promoters illegally diverted over Rs 2,000 crore to offshore accounts. Preeti Chandra, who has been in custody since October 2021, maintains her innocence and claims no connection to the proceeds of crime. The trial court had previously denied her bail due to the seriousness of the allegations.Read more

20 Jun 2023

The Strand Square, developed by the SSPL Group is the company’s newest offering the commercial real estate space. The project is strategically located in Kharadi, Punr offering excellent connectivity and surrounded by prominent business areas. The Regus Brand, the world's leading provider of workplace solutions, was the first tenant to occupy The Strand Square. The project features A-class retail outlets, premium office spaces, and F&B spaces, along with modern infrastructure and world-class amenities. It aims to foster work-life balance and caters to businesses of all sizes.Read more

20 Jun 2023

NTT and the Prestige Group have joined forces to develop a 100 MW data centre in Bangalore, marking the Prestige Group's entry into the data centre business in India. The project spans a million square feet and will be executed in three phases, with the first building expected to be completed within a year. NTT has invested $4.5 billion in India since 2020 and plans to launch six additional data centres. The increasing demand for data centres in India, driven by technological advancements and digitalization, is attracting substantial investments in the sector.Read more

20 Jun 2023

WeWork India is embarking on a journey of growth and expansion with a new workspace at Raheja Mindspace in Hyderabad. Spanning over 100,000 square feet, the workspace will accommodate 1,500 individuals and open in August 2023. Located in Madhapur, Hyderabad's IT hub, Raheja Mindspace offers seamless connectivity and sophisticated amenities. Blending traditional and contemporary elements, the workspace draws inspiration from Hyderabad's cultural heritage. This addition strengthens WeWork India's presence and its goal of redefining workspaces nationwide.Read more