LUXURY REALTY
Bollywood actor Ronit Roy buys sea-view luxury apartment in Mumbai’s Versova
Bollywood actor Ronit Roy and his wife Neelam acquired a 4,259 sq ft sea-view apartment in Versova, Andheri from Macrotech Developers for nearly Rs 19 crore. The June 10 deal includes four exclusive parking slots and a stamp duty of Rs 1.14 crore. The 29-storey project will be completed by December 2026. High net-worth individuals, including Bollywood stars like Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, are investing in real estate.
Marico’s Priyanjali Mariwala buys luxury apartment in Mumbai’s BKC for Rs 65 cr
Priyanjali Mariwala, from the promoter family of consumer goods company Marico, has purchased a luxury apartment in Mumbai’s Bandra-Kurla Complex (BKC) for Rs 65.25 crore. The apartment spans nearly 8,300 sq ft and is located on the first floor of the super-premium residential tower Signature Island. Mariwala acquired the property from Starlight Systems, a part of the project's developer Sunteck Realty.
Ganga Realty to invest Rs 1,200 cr to develop luxury housing project in Gurugram
Ganga Realty's luxury housing project in Gurugram, with units starting at Rs 16,500 per sq ft, is located on Dwarka Expressway and Sohna Road. The company aims to deliver the Anantam project within the next five years, emphasizing sustainable living and the integration of smart technologies.
Ganga realty to invest Rs 1,200 crore in developing luxury housing project in Gurgaon
Gurgaon-based real estate developer Ganga Realty plans to invest Rs 1,200 crore in a luxury residential project in Gurgaon's Sector 85. The project, expected to generate Rs 2,000 crore in revenue, will include the tallest residential towers in Gurugram, with G+59 storey buildings. It is set to be completed in the next five years.
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.
Amitabh Bachchan buys two luxury apartments in Mumbai’s Borivali suburb
The deal comes immediately after the veteran actor recently purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb of Andheri. Bachchan purchased apartments in Borivali worth nearly Rs 7 crores from Incline Realty, a subsidiary of Oberoi Realty. These apartments spread over 2,188 sq ft are located on the 57th floor of the tower, the same floor where his son Abhishek’s apartments are situated.
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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.
Share of high-value property transactions doubles since 2019
There has been a consistent increase in the sale of properties in higher price brackets, including those valued between Rs 75 lakh-1 crore and above Rs 1 crore. This trend suggests a growing inclination towards upscale real estate offerings, potentially driven by factors such as increased disposable income and changing lifestyle preferences.
Nadir Godrej, family buy 3 luxury apartments in SOBO’s Malabar Hill for Rs 180 cr
Godrej Industries’ Chairman Nadir Godrej and his family have acquired three sea-view luxury apartments in South Mumbai’s Malabar Hill for a total of nearly Rs 180 crore from a real estate development subsidiary of the JSW Group. The under-construction super-luxury residential project, Ruparel House, on Ridge Road at the top of Malabar Hill with the view of Queen’s Necklace, is being developed by R House Realty, part of JSW Realty.
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.
Kiran Gems’ Rajesh Lakhani buys sea-view luxury apartment in Worli for Rs 97 cr
Rajesh Labhubhai Lakhani, director of Kiran Gems, buys a luxury apartment in Mumbai's Three Sixty West tower. The tower includes The Ritz-Carlton Hotel. Kiran Gems is a sightholder authorized to buy rough diamonds from De Beers Group.
Properties worth Rs 1.17 lk cr sold by 18 listed realty firms in FY24; Godrej properties at top
Major real estate developers in India, including Godrej Properties, Prestige Estates Projects, and DLF, achieved significant sales bookings in the last fiscal year driven by strong demand for residential properties, especially luxury homes.
Mall developers see opportunity in tier 2 cities
Brands include H&M, Marks & Spencer, GAP and Tasva set up shop in cities like Indore, Mangalore, Patna, Ranchi, Mysore, and Coimbatore, according to data from real estate consultancy CBRE.
Dhanuka Agritech promoters, Lenskart founder buy apartment at The Camellias in Gurgaon
Promoters of Dhanuka Agritech and Lenskart’s Peyush Bansal bought apartments at The Camellias in Gurgaon for Rs 80 crore, joining other business leaders at the upscale residential complex.
AU Real Estate to invest Rs 600 crore in luxury residential project in Ghaziabad
AU Real Estate will invest Rs 600 crore in "The Sunflower," a luxury residential project in Aditya World City, Ghaziabad. The project will feature five towers with 30 floors each, offering a total of 595 units spread over 6.94 acres. The property will have 3 and 4 BHK apartments ranging from 2700 to 4000 square feet. It will also include a 70,000 sq ft lobby area in each tower. The company plans to fund the project through sales receivable and internal funds, capitalising on the post Covid surge in residential real estate demand.
Realty developer TARC reports highest ever pre sale and collection in FY24
Realty developer TARC Ltd achieved record pre sales of Rs 1,612 crore and collections of Rs 415 crore for FY24. The revenue was driven by strong demand in luxury residential properties, especially in Delhi and Gurugram. TARC Kailasa in Central West Delhi, with a revenue potential of Rs 4,000 crore, has seen positive response, with Phase I already sold out. TARC Tripundra, with a revenue potential of over Rs 1,000 crore. The company plans to launch a new project in Gurugram with a total revenue potential of Rs 2,600 crore.
Shahid Kapoor buys sea-view luxury apartment in Mumbai’s Worli for Rs 60.4 cr
The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
360 ONE founder Karan Bhagat buys luxury apartments in Mumbai’s Worli for Rs 170 crore
Bhagat founded 360 ONE, formerly known as IIFL Wealth & Asset Management, along with his colleagues in 2008. The firm is currently among India's largest asset and wealth management firms with more than $56.3 billion assets under management. Bhagat’s team works with and for around 7,200 top families in India including industrialists; new age technology founders and professionals including leading CEOs, lawyers as well as sportspersons and artistes.
Union Bank invests Rs 250 crore in Hyderabad realty co’s luxury housing project
Company’s project The Megaleio will be spread in over one million sq ft area and will need to Rs 800-900 crore. While the funding raised from the bank will be used to start the construction, balance work will be done through the sales receivable, which is more than Rs 1,200 crore.
Pune Accident: 2 bike riders killed by speeding Porsche driven by builder's juvenile son; Bystanders thrash driver, video goes viral
Pune Accident (Google Trends): In a tragic Pune accident, two bike riders lost their lives when a speeding luxury Porsche, reportedly driven by the son of construction company owner Vishal Agarwal, collided with their motorcycle. The incident occurred around 3.15 am in Kalyani Nagar. A viral video showed bystanders assaulting the driver, who was later handed over to the police. Authorities are investigating the case.
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.
Kiran Gems MD Patel buys sea-view luxury pad in Mumbai’s Worli for over Rs 97 crore
Mavjibhai Patel, the managing director and member of the promoter group of Kiran Gems, one of the world's largest natural diamond manufacturers, has acquired a sea-view luxury apartment in a highly prestigious residential tower located in Mumbai's upscale Worli area for approximately Rs 97 crore.
Luxury homes overtake the affordable segment. What gives?
Factors contributing to the luxury housing boom in India include rising incomes, the trend of premiumization, and pent-up demand post-pandemic. Additionally, the investment appeal of luxury real estate, shortage of luxury apartments in prime locations, and growing NRI investments further fuel this segment's growth.
Delhi-NCR towers over other metros in luxe apartment demand
Delhi-NCR is leading a surge in demand for luxury apartments in India, with 61% of total launches in the March quarter in Delhi NCR. This trend is driven by buyers increasingly drawn to luxury apartments, with most projects selling out within days of launch. The demand for larger, more luxurious homes has attracted established developers, leading to a 34% share in the March quarter.
Wellknown Polyester’s CMD buys two luxury apartments in Malabar Hill for Rs 270 cr
The transaction values the apartment at Rs 1.41 lakh per sq ft. The buyers have paid over Rs 16.20 crore as stamp duty alone for the registration of the deals that took place on Friday, showed the documents accessed through IndexTap.com.
Design-driven demand: Global architects sought in India's luxury real estate
Singapore's Andy Fisher Workshop, Eco-Id Architects, HBA Designs, New York's KPF and LERA consultants, Hong Kong's Ptang Studio, UHA London, and global firm Benoy are among the architects engaged in multiple residential projects across Delhi-NCR, Mumbai, Bengaluru, and Hyderabad.
Mumbai's elite lap up vacation homes for privacy & exclusivity
Several industrialists, corporate honchos, Bollywood celebrities, and sports stars have been snapping up properties in places like Alibaug, Goa, Lonavala, Khandala, Panchgani, Karjat, and Pawna Lake. On the shopping list are either readymade or under-construction villas, or land parcels to design and build their dream homes.
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