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Bangalore-based Prestige Estate Projects plans to treble its hotel portfolio with a ₹1700 crore investment in the next 3-4 years. Managing 1,849 keys across India, the business aims to create ₹1,800 crore in income, tripling current sales of ₹900 crore.
- 1st May 2024
- 1140 Views
Baashyaam Constructions will buy a prime land from Standard Chartered Bank in Chennai. The INR 800 crore transaction covers a 4.6-acre plot that Standard Chartered bought from ANZ Grindlays Bank.
- 21st Apr 2024
- 1166 Views
Purevankara outperformed itself in 2024, selling Rs 5,914 crores, up 90% from Rs 3,107 crores in FY23. Customer collections increased by 60% to Rs 3,609 crores from Rs 2,258 crores last year.
- 7th Apr 2024
- 1178 Views
In a Rs 18,000 crore ($2.4 billion) initiative with the Abu Dhabi Investment Authority (ADIA) and Kotak Alternate Investment Fund, Prestige Group is developing residential projects in India. Partners will spend Rs 2,001 crore ($270 million) to accelerate early-stage housing developments.
- 3rd Apr 2024
- 1169 Views
With a landmark verdict, a Mumbai consumer commission ordered a development company to pay purchaser Neela Pawar with INR 8.5 lakh and return INR 7.5 lakh for failing to get licences for a Kandivli redevelopment project. This ruling shows the consequences of unlicensed redevelopment.
- 31st Mar 2024
- 1176 Views
Palava City, a smart township developed by Lodha, a prominent real estate investor, is expected to generate considerable income. The roughly 5,000-acre Palava City in Mumbai is estimated to earn over INR 8000 crore (USD 1 billion) yearly in the future years.
- 17th Jan 2024
- 1224 Views
Vihang Group, a leading real estate developer, has launched four massive Thane projects. These projects cost above 850 crore rupees. They want to build around 5 million square feet of residential area in Thane micromarkets.
- 11th Jan 2024
- 1245 Views
The Uttar Pradesh government plans to create a 1200-acre Greenfield Township with an investment of around ₹2,180 crore. This proposal is a model for pilgrimage cities. Prime Minister will likely launch the initiative shortly.
- 11th Jan 2024
- 1275 Views
Brigade Enterprises Ltd. signed two MoUs with the Tamil Nadu government on January 8. This bold plan involves an investment of over Rs 3,400 crore in the state over the next three to four years.
- 11th Jan 2024
- 1196 Views
Prime Minister Narendra Modi inaugurated and started over Rs 20,000 crore in development projects in Tiruchirappalli to boost Tamil Nadu's economy. On January 2, 2024, these projects included rail, road, oil and gas, and shipping, signifying a major infrastructure investment in the state.
- 7th Jan 2024
- 1223 Views
Bollywood star John Abraham bought a luxury Khar mansion in Mumbai's real estate market. It cost Rs 70.83 crore to buy the 5,416-square-foot home with 7,722 square feet of land.
- 31st Dec 2023
- 1233 Views
Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.
- 28th Dec 2023
- 1222 Views
Aamor Inox Pvt. Ltd., a Delhi-based metals producer and exporter, has entered the real estate market. The business paid INR 87.5 crore for Delhi land and a home. The September transaction coincided with the Delhi government's intention to raise the circular rate for agricultural property.
- 27th Dec 2023
- 1203 Views
The family of BDR Pharmaceuticals' Chairman & Managing Director bought two sea-view flats in Worli for roughly ₹81 crore, marking a significant investment in Mumbai's luxury real estate market. These apartments on the 39th livable level of the ultra-luxurious Raheja Artesia building have 6,670 sq ft
- 27th Dec 2023
- 1222 Views
The overall value of housing inventory sold in 2023 would reach Rs 4.5 lakh crore, up 38% from 2022's Rs 3.27 lakh crore. Anarock Group research shows strong housing market expansion.
- 20th Dec 2023
- 1234 Views