Godrej Properties
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, Pirojsha Godrej. Godrej Properties has become India’s largest developer by the value and volume of sales it achieved. It sold 9,345 homes at an average of over 25 homes per day. The company’s sales bookings shot up 14 per cent to ₹6,725 crore last fiscal despite adverse impact of the Covid pandemic, surpassing nearly ₹6,000 crore clocked by Macrotech Developers. Pirojsha informed that the company is committed to two medium-term goals of consistently being among the leading developers by the value of housing sales in each of its focus markets and achieving a Return on Equity (RoE) of over 20 per cent.
NBCC has recently signed an agreement with the External Affairs Ministry to redevelop a housing complex in central Delhi worth ₹175 crore. In this connection, the company has signed a memorandum of understanding (MoU) with MEA Housing Complex

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Demand for home loans from country’s tier 3 and 4 cities and districts have been growing at a faster pace than the top two tier districts, including Mumbai and Delhi (NCR), while the country’s home loan market is likely to double in five years

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In an attempt to soften the impact of the rising interest rate on home buyers, real estate developers have started to undertake mitigating measures. Realty developers including Tata Housing, Lodha Developers, and Runwal Group are stepping in to protect

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Adding more projects to its portfolio in the realty sector, the Brigade Group has recently signed agreements for prime land parcels in Chennai and Bengaluru and will build real estate projects on both the cities. The agreement to purchase the Mount Road

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The Chandigarh Housing Board (CHB) has decided to auction 154 properties - 101 commercial and 53 residential. All the properties are mainly in

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Lodha Group has planned to develop a high-end residential luxury project in Pune with a small component of retail space. This project has

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Godrej Properties has decided to develop a luxury project near Carmichael Road, an upmarket residential area in Mumbai. The new project for

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MahaRERA is planning to revive more than 2,800 stalled and lapsed housing projects involving a staggering investment of ₹78,684 crore. It has set up a dedicated

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The City and Industrial Development Corporation (CIDCO) has completed construction of a 12-storey residential tower with 96 flats under the Prime Minister

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Adani Group has decided to develop real estate projects alongside its airports across the country in addition to its aeronautical and non-aeronautical terminal

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Joyville Shapoorji Housing has planned to invest ₹700 crore in land acquisition together with exploring the option for the next round of funds. Managing

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Singapore-based sovereign wealth fund GIC has decided to invest ₹2,800 crore in a commercial project in Bengaluru being built by the Bhartiya Group. In return

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Gujarat government has approved four town planning (TP) schemes in Ahmedabad, Surat and Junagadh, where 15,200 low-cost housing units will be built

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Macrotech Developers, with an aim to be a net-zero carbon company by 2035, has targeted to invest ₹3,950 crore in various sustainable residential and commercial

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L&T Realty has entered into an agreement to jointly develop realty projects in South Mumbai on the western fringes of Mumbai and Thane entailing

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Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, via its wholly owned subsidiary

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The Kolkata-based real estate builder, Merlin Group, has planned to develop both residential and commercial projects on an area of over 3

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Real estate building major Sobha Developers has entered into a joint development agreement (JDA) to build a housing project in Chennai where the project pact

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Brigade Group has signed a Joint Development Agreement to develop around 2.1 million square feet space in Chennai where the land, located at Perumbakkam

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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has set up a dedicated team to help revive stalled and lapsed housing initiatives

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