PRPL starts construction of five towers in Delhi
Parsvnath Realcon (PRPL), a wholly-owned subsidiary of Parsvnath Developers, has started the construction work on the Parsvnath Paramount project at Subhash Nagar, New Delhi. It is to be completed
SOBHA tops National Best Practices ranking at Track2Realty's Brand X Report 2020-21
SOBHA Limited has topped the charts with a score of 80.2 in 'Best Practices' nationally for the 3rd consecutive year at the Track2Realty's Brand X Report 2020-21. It has secured top position in the
Gift City in Gujarat gets ₹1,000-cr realty projects
Savvy Group will build ₹1,000 crore real estate projects comprising commercial and residential space in Gift City, which is the country's first operational smart city and International Financial Services Centre
Gulshan Group in JV plans ₹475-cr luxury project in Noida
Gulshan Group has formed a joint venture with Jaiprakash Associates to complete 418 luxury apartments in Noida at ₹475 crore investment and fetching gross sales realization of ₹1,200 crore
Lodha Group unveils ₹700-cr towers in Pune
Mumbai-based realty firm, Lodha Group, is returning to the Pune market with an initial 400 unit premium project in the south of the city involving ₹700 core investment in the first phase. The project is being constructed
Puravankara invests ₹3,000-cr in real estate projects
Puravankara will invest ₹3,000 crore in residential projects on 14 million sq ft area in the next few years. The company will also launch its affordable homes brand, Provident, in the Mumbai Metropolitan Region (MMR) in Pune
Karnataka carves out 81,864-acre land for multiple townships
The Karnataka Government has decided to build industrial and residential townships across the state. Industries Minister, Murugesh R Nirani, informed that his department is developing 9,010 acres of land for industrial
Sumadhura to invest ₹1,500-cr in residential housing
Sumadhura Group will invest ₹1,500 crore in Hyderabad's residential realty market over the next four years. This includes its investment in the city's tallest residential towers, the 44-story tall Olympus, in the Nanakramguda
Centre sanctions 60,000 units under rental housing scheme
The central government has sanctioned the construction of 60,000 houses by the public, private organizations under the Affordable Rental Housing Complexes (ARHCs). This is an addition to around 4,000 affordable
Chintels Group plans ₹400-cr commercial project in NCR
Chintels Group will build a new commercial project in Gurugram at ₹400 crore investment. It will be developed on 6.25 lakh square feet area of the 7-acre project named as 'Chintels Centre' comprising both office
Hines & Conscient JV to build ₹700-cr luxury project in Gurgaon
Hines and Conscient will jointly invest ₹700 crore in developing a luxury residential complex in Gurgaon as a part of Phase II of Elevate. The total project cost is ₹1,500 crore, out of which 55 per cent has been spent on Phase I
Centre approves construction of 16,488 houses in urban areas under PMAY
The Centre has sanctioned the construction of 16,488 houses in urban areas. They will be constructed under the Beneficiary-Led Construction (BLC) and Affordable Housing in Partnership (AHP) verticals of Pradhan
Eros Group to invest ₹200 cr for residential complex in Greater Noida
Eros Group has planned to invest ₹200 crore in Greater Noida, UP, to develop six residential towers in its project Sampoornam. The towers, comprising 378 units and 14,000 sqm in area, will be completed by early
ADB ties up with IIFL for green housing projects
Asian Development Bank has tied up with low-cost housing financier IIFL Home Finance to launch a green housing initiative in India to reduce carbon emissions and conserve water and energy. The bank is also planning
MRERA extends six-month breather to realty builders
The Maharashtra Real Estate Regulatory Authority has allowed a six-month relief to builders to deliver projects by accepting their demand for invoking the 'force majeure' clause because of the second Covid-19 wave
APNRTS gets nod for ₹500-cr realty project in AP
AP non-resident Telugu society (APNRTS) has got the approval of the state government to go ahead with the construction of the NRT Icon tower project, which is a gated community funded by non-resident Telugus
Signature Global plans ₹700-cr project in Gurgaon
Signature Global, which is supported by IFC, an arm of World Bank and HDFC CAPITAL, has planned to invest ₹700 crore to develop 1296 independent premium floors in 324 plots spread across 20.6 acre under
SDMC approves 28 towers at Ayurvigyan Nagar in Delhi
The South Delhi Municipal Corporation has approved the construction of 28 residential towers at Ayurvigan Nagar near AIIMS. The layout plan for the high-rise residential housing project with 20-storey height
Nila Spaces gets nod for realty projects in GIFT City
Nila Spaces receives an FSI allotment confirmation from Gujarat International Finance Tec-City Company Limited (GIFT) for Residential Real Estate development at GIFT City, Gandhinagar. The allotment envisages
Ace Group launches luxury housing project in Noida
The NCR-based realtor Ace Group has launched its luxury residential housing project, Ace Starlit, at Sector 152 on the Noida Expressway. Located at a corner plot right on Noida – Greater Noida Expressway
CIDCO allows realty development around NAINA areas
The City and Industrial Development Corporation (CIDCO) has decided to give development permission to realty projects that have secured a height Non-Objection Certificate from the Airport Authority of India
NAREDCO seeks one-time loans restructuring for stalled projects
Realtors' body NAREDCO has sought one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis triggered by the pandemic. A delegation led by NAREDCO
GHB floats tender for rebuilding Rameshwar Apartments
The Gujarat Housing Board (GHB) has floated tender for the redevelopment of the high-income group (HIG) Rameshwar Apartments on Sola Road. The Housing Board informed that 75% of residents consent has
Hiranandani Group announces ₹700-cr project in Thane
Hiranandani Group has decided to invest ₹700 crore in developing a 2 million square feet office building at Thane on the outskirts of Mumbai. Niranjan Hiranandani, Founder & MD of Hiranandani Group informed
GPL targets USD 1-bn investment in realty projects
Godrej Properties Ltd (GPL) has planned to invest more than USD 1 billion over the next couple of years to acquire and develop new projects as part of its target to achieve higher growth, informed Executive Chairman
DDA approves affordable rental housing scheme
The Delhi Development Authority (DDA) has approved the proposal for developing an affordable rental housing complex (ARHC) scheme under its Master Plan of Delhi (MPD)-2021. The policy will now be sent to
ICRA: Steep climb ahead to achieve the target of Housing for All by 2022
The Pradhan Mantri Awas Yojna (PMAY) was launched in 2015, through which the Government of India had set a target of constructing 50 million new housing units by 2022, of which 30 million units are proposed to be
Kohinoor Group plans ₹750-cr realty project in Pune
Real estate developer Kohinoor Group has planned to invest around ₹750 crore to develop an over 1.8 million sq ft commercial office project, Kohinoor World Towers, in Pimpri Chinchwad of Pune. The project
RLDA takes up reconstruction of Supari Baug Colony in Mumbai
The Rail Land Development Authority has decided to redevelop the Supari Baug Colony at Parel in Mumbai. It has floated tender for engaging architectural and real estate consultancy for the site located in
Naredco launches Ambarnath-Badlapur housing project
Naredco Maharashtra has launched its new affordable housing project offering 10,000 units in Ambarnath and Badlapur region. President of Naredco Maharashtra, Ashok Mohanani, informed that this
