ACRE
Godrej Properties buys 7-acre land in Bengaluru to build housing project worth Rs 1,200 cr
Godrej Properties has acquired a 7-acre land in Thanisandra, North Bengaluru, for developing a luxury housing project. The project is expected to yield around 9 lakh square feet of residential space, with an estimated revenue of Rs 1,200 crore. In a separate development, the company will also develop an 11-acre land parcel in Hinjewadi, Pune, focusing on group housing and high street retail, with a projected revenue of approximately Rs 1,800 crore.
Godrej Properties to develop 11-acre project at Pune with revenue potential of Rs 1,800 cr
The newly acquired land is situated in a prime area near the upcoming Megapolis Metro Station, enhancing its accessibility to major IT hubs in Hinjewadi. The location is anticipated to draw substantial interest from both residential and commercial investors due to its proximity to essential amenities such as schools, hospitals, shopping malls, restaurants, and premium hotels.
Concorde acquires 1.6 acre land in Bengaluru
Concorde, a real estate developer based in Bengaluru, has purchased a 1.6-acre land parcel situated on Sarjapur Road in the city. This joint development project is slated to become a high-end residential complex with an estimated gross development value (GDV) of Rs 200 crore. Earlier in March, Concorde also acquired a 4.5-acre plot in Thanisandra, Bengaluru.
Paradigm Realty inks pact to redevelop 11 societies on 5 acres in Mumbai’s Bandra, Kandivali
Paradigm Realty has signed agreements to redevelop 11 housing societies in Mumbai's western suburbs of Bandra and Kandivali, with a gross consolidated revenue potential of around Rs 4,500 crore. The projects, spread across over five acres, have development potential of over 2.8 million sq ft. The Mahavir Nagar project has a development potential of over 2.5 million sq ft, with a free-sale RERA carpet area of up to 1 million sq ft holding a gross development value of nearly Rs 3,500 crore.
Birla Estates acquires 16.5-acre land in Pune's Manjri
Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries and part of the Aditya Birla Group, has acquired a 16.5-acre land parcel in Pune's Manjri locality. This acquisition has a development potential of approximately 32 lakh square feet with an estimated revenue potential of Rs 2,500 crore, according to a company release.
Birla Estates acquires 16.5 acre land in Pune; to build Rs 2,500 cr housing project
Birla Estates Pvt Ltd acquired a 16.5-acre land in Manjri, Pune for a housing project with a revenue potential of Rs 2,500 crore. It is a wholly-owned subsidiary of Century Textiles and Industries Ltd, part of the Aditya Birla Group. K T Jithendran, MD & CEO, stated Pune is a strategic market for them.
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Jagan govt allotted 42 acres land for YSRCP offices in 26 districts for Rs 1,000 lease: Nara Lokesh
Andhra Pradesh Information Technology and Electronics Minister Nara Lokesh has accused the former YSRCP government, led by Y S Jagan Mohan Reddy, of allocating 42 acres of land in 26 districts for YSRCP offices at a nominal lease cost of Rs 1,000 for 33 years. Lokesh made the allegations on Sunday via a post on the social media platform X, where he also shared several pictures of the alleged YSRCP offices under construction.
ESR acquires additional 27 acres in Chennai’s Oragadam to expand industrial park
ESR Group, focusing on real estate services and investment in the Asia Pacific region, has expanded its industrial and logistics park in Chennai’s Oragadam by acquiring an additional 27 acres of land. This brings the total area of ESR Oragadam Industrial & Logistics Park to 107 acres, with plans to develop 2.5 million sq ft. The Hong Kong-listed company will invest over Rs 276 crores for construction, including land costs.
Signature Global buys 3.8 acre land in Sector 37D of Dwarka Expressway, Gurugram
Signature Global's strategic acquisitions and successful project launches have propelled the company's growth in the luxury housing market, exceeding pre-sales targets and achieving significant sales realisation increases.
Environment Day: Noida Airport to have 8-acre forest with local species, 133-hectare green area
Noida International Airport (Google Trends): The Noida International Airport CEO Christoph Schnellmann has emphasized a net-zero emissions philosophy. With 580 trees transplanted and an eight-acre forest reserve, biodiversity preservation is a priority. The airport's eco-friendly initiatives include renewable energy and innovative technology to reduce carbon emissions, paving the way for a greener future in Indian air travel.
NCLT dismisses developer’s intervention plea at pre-admission stage
The National Company Law Tribunal dismissed an intervention petition by Surya Landmark Developers regarding exclusion of its prime 0.5-acre land parcel in Mumbai's Lower Parel from insolvency proceedings initiated by ACRE.
Puravankara acquires 12.75-acre land parcel on Thane’s Ghodbunder Road
Realty developer Puravankara's subsidiary, Purva Oak, acquired 12.75 acres in Thane's Patlipada for a premium residential project with an estimated potential of 18.20 lakh sq ft. The project, adding to Mumbai Metropolitan Region portfolio, has a potential gross development value of Rs 4,000 crores. Puravankara aims for strategic expansion and increased revenue contribution in the western region.
NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore
NCLAT affirmed Suraksha Realty's acquisition bid for Jaypee Infratech but mandated an extra Rs 1,300 crore as farmers' compensation. The decision aimed to expedite the resolution plan, addressing concerns of stakeholders, including homebuyers and YEIDA. Suraksha pledged timely payment, aiming to resolve the debt-ridden firm's fate.
L&T Realty inks pact for joint development of 12.2-acre land parcel in Thane
The current developer Jagdale Infrastructure has received a letter of intent from the Slum Rehabilitation Authority in 2022 and is now bringing in L&T Realty as its partner in the project.
Shriram Properties signs JDA for a 4-acre land in Bengaluru
Shriram Properties Limited (SPL) has inked a joint development agreement for a 4-acre land parcel in Yelahanka, Bengaluru. The project, slated for completion in three years, will feature 270 apartments spanning 3.8 lakh square feet, with an estimated revenue surpassing Rs 250 crore. SPL aims to launch the project in the first half of the fiscal year.
Shriram Properties inks JV for 4-acre housing project; eyes over Rs 250 cr revenue
Shriram Properties Ltd has signed a Joint Development Agreement with a landowner to develop a 4-acre housing project in Bengaluru, with an estimated revenue potential of over Rs 250 crore. The project will consist of 270 apartments with a saleable area of 3.8 lakh square feet. The project is expected to be launched in the first half of the current financial year.
Dvok Buildcon buys 18-acre land in Gurgaon for Rs 310 crore
In terms of total land area, Bengaluru saw 14 deals for 490 acres transacted, the highest among all the top 7 cities. Land deals in the National Capital Region (NCR) have peaked due to urbanisation, infrastructure development, and investment opportunities driving demand for land.
Signature Global buys 14.65 acre land on Dwarka Expressway in Gurgaon
" Dwarka Expressway has swiftly become a premier destination for homebuyers seeking luxury residences. In recent years, numerous high-end residential projects have been launched in this area, with many more expected in the near future,” said Pradeep Kumar Aggarwal, Chairman and Whole-Time Director.
Naukri parent Info Edge Q4 revenues up 9% to Rs 657.4 crore
Naukri parent Info Edge reported Rs 60.4 crore in quarterly profit in Q4 FY24. The company approved a dividend of Rs 12 per share for shareholders.
Narayana Health acquires 1.2 acres in Bengaluru for Rs 169 crore
Narayana Health acquires 1.2 acres of Bengaluru land for Rs 169 crore, as per Propstack data. The property, in Begur Hobli, south Bengaluru, was sold by Venture Projects Bangalore Pvt Ltd. Founded by heart surgeon Devi Shetty, Narayana Health operates 18 hospitals in India and abroad. Bengaluru sees rising luxury property transactions amid growing wealth.
Oberoi Realty in pact to redevelop 3.2-acre housing society in Mumbai’s Worli
The listed company expects to generate a free sale component of around 6.24 lakh sq ft RERA carpet area from the development and redevelopment of the said land, as per the extant provisions of Development Control & Promotion Regulations (DCPR) for Greater Mumbai, 2034.
Drone Destination signs pact with IFFCO for spraying agri products on 30 lakh acres of farm land
IFFCO and Drone Destination collaborate on a significant deal to enhance agricultural productivity through drone spraying across 30 lakh acres. The partnership aims to revolutionize Indian agriculture with innovative technologies and products.
SPL acquires 4 acre land parcel near Electronic City, Bengaluru
Shriram Properties Limited (SPL) has acquired a 4 acre land parcel in Chandapura, near Electronic City in Bengaluru, to develop residential communities. The project, expected to generate revenue over Rs 259 crore, will cover 4 lakh sq ft and include 350 apartments. SPL plans to launch the project during FY25
Gujarat Toolroom acquires 65-acre land for Rs 570-cr hybrid energy project
Gujarat Toolroom invested Rs 572 crore in a 65-acre Gujarat land for a green energy project. The Hybrid Power Plant, with solar panels and wind turbines, aims to contribute 97.5 megawatts of sustainable electricity.
Kalpataru to redevelop 4-acre housing society in Mumbai’s Andheri
Kalpataru Ltd acquires rights for housing society redevelopment in Lokhandwala, Mumbai with significant revenue potential. Multiple redevelopment projects in progress in Mumbai suburbs. Market achieves record highs despite rising property prices.
Prestige Estates shares rise over 3% on acquisition of a 21-acre land parcel in Bengaluru
As per Trendlyne data, the average target price of the stock is Rs 1,244, which shows a downside of 4% from the current market prices. The consensus recommendation from 16 analysts for the stock is a 'Buy'.
Mahindra Lifespaces acquires 9.4-acre land parcel in Bengaluru's Whitefield
"Bengaluru continues to remain a focus market for us. This (deal) aligns with our strategy to deepen our presence in India's thriving urban centers, particularly within our focus markets," said Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers.
Google reinstates some delisted apps including Naukri, 99acres, Shaadi
These apps are back on Play Store a day after Google delisted them citing ‘non-compliance’ with billing policy
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