Author: RM Bureau

PMRDA – A Blueprint of The City of the Future

– by Anil Pharande Widely called the lifeblood of any urban ecosystem, infrastructure is the very foundation of city functioning and plays a crucial role in shaping its future. Infrastructure like transportation, power, telecommunications, electricity, water, sanitation and proper disposal of waste, are all central to urban growth. Studies also prove that countries with better infrastructure...

Strata aims to cross 850 crore in AUM by June 2021; to expand across Mumbai, Delhi & Pune

Eyes to raise assets worth Rs. 600 crore by the upcoming quarter – June 2021 Aims to become ‘Go to Platform’ for Developers / Asset Owners to unlock value *  Assets executed last month — premium office assets worth Rs. 35 and Rs. 46 crore in Mumbai and Hyderabad respectively *  Both assets received 100% funding within just 2-5 days of its listing *  Currently has more than 10k+ investors &am...

Welspun One Logistics Parks launches ‘Partner Portal’ for Landowners and Brokers

Aims to digitize land buying and leasing in the industrial real estate sector Mumbai, March 31, 2021: In an industry-first move, Welspun One Logistics Parks, a pan-India integrated fund, development and asset management platform has introduced a unique, online ‘Partner Portal’ to effectively collaborate with their external stakeholders, especially landowners and brokers. The goal of this platform ...

Upsurge in demand for Luxury RTMI in Noida

The growth of luxury real estate in India is going to be on a positive scale for quite some time, as the number of ultra-net-worth individuals are on a rise from few years. Taking into account, one of the most important realty markets in North India- Delhi NCR; there lies a myriad range of luxury and ultra-luxury residential options that can very well cater to the demand of designed and customized...

L&T Construction Awarded (Significant*) Contracts for its Various Businesses

Delhi, March 30, 2021: The construction arm of L&T has secured orders from prestigious clients for its various businesses. Heavy Civil Infrastructure Business: The Heavy Civil Infrastructure business of L&T Construction has secured an EPC order to construct a New Four-lane Bridge (parallel to the existing Vikramshila Setu) from Km 8+080 to Km 14+309 including approaches across river Ganga ...

NCR market registers a rise in demand and variety of luxury homes

The luxury continues to redefine itself with changing times; the definition depends on the prevalent social ecosystem. Similar is the case now when a global pandemic continues to loom and dominate our lifestyle choices, buyers of luxury spaces the UHNI and HNI are seeking homes that provide sustainable luxury and a promise of wellness and security. Be-spoke experiences, multi-functional spaces, in...

CREDAI’s New President Harsh Vardhan Patodia Announces Free COVID-19 Vaccination for 2.5 Crore Construction Work Force

Announces the CREDAI Start-up Angel Network and Incubation & Acceleration Center to support start-ups in real estate sector CREDAI to set-up its own Research and Analytics Centre National, March 30, 2021: The apex body of private real estate developers, Confederation of Real Estate Developers’ Associations of India (CREDAI), with a strong membership base of 13,000+ developers in 21 States and ...

Benito Business Development Ltd, hospitality wing of TDI Group, won two awards at HT Hall of Fame

Garam Dharam and Warehouse Cafe bag popular family restaurant & Trending Bar & Kitchen in Tricity awards March 30, 2021: HT City Foodies Chandigarh bestowed the ‘Hall of Fame’ award to Benito Business Development Ltd, the hospitality wing of TDI Group, in a ceremony organized at JW Marriott, Chandigarh. Garam Dharam, the popular Punjabi restaurant brand, has won the title of ‘P...

Second Homes concept gaining ground in New Normal

You have compelling reasons to buy an apartment in the woods, a beach house, or another retreat if you’ve been dreaming of doing so. Since coronavirus cases aren’t going anywhere, being able to get away from busy places is appealing. Many people plan to work from home for the near future, and some are allowed to do so permanently. Second Homes cater to consumers and suit their purchasi...

ReNew Power, India’s Leading Renewable Energy Company, Announces Commissioning of 300 MW Wind Farm

New Delhi, March 25, 2021: ReNew Power (“ReNew” or “the Company”), India’s leading renewable energy company, today announced that it has commissioned a 300 megawatt (MW) wind power generation facility in the Indian state of Gujarat. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Energy (AP2) Private Limited in a competitive E-reverse auction conducted by the Solar En...

Godrej Properties enters Central Noida with Godrej Woods

The Mumbai-based real estate developer achieved sales of INR 475 Crore in a single day New Delhi, March 26, 2021- Godrej Properties Limited (GPL) (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced that it has sold over 275 residences worth INR 475 crore within one day at the launch of its project, Godrej Woods, in Noida making this one of the most successful...

Mahindra Lifespaces® acquires new land parcel in Kalyan

Mumbai, March 25, 2021 – In line with its plans to acquire land parcels in established micro-markets, Mahindra Lifespace Developers Ltd. today announced the addition of a new residential project in Kalyan.  The Company has entered into an agreement for sale for 10.3 acres.  This new project will offer approximately 7 lakh sq. ft. of carpet area and is expected to be launched in FY 2022.  This is M...

Gaurs Group to complete 10,964 Amrapali units, NBCC awards tender worth 2124 crores

New Delhi, March 25, 2021: Gaurs Group, one of the leading real estate developers, has been awarded four tenders from state-run NBCC worth Rs 2,124 crore for stuck Amrapali Projects – Verona Heights, Heartbeat City and Amrapali Centurian Park with a total inventory of 10,964 flats. “Having invested in construction over the years, we are increasing our presence in the infrastructure segment a...

Airport Road is the latest investment hub

When it comes to buying or investing in a property, people look for the best of places. Just like highways remain in demand for commercial properties, airport roads also come in the same league. With an attraction of getting a different class of travelers the properties on airport roads offer lucrative returns. The same holds for PR7 Airport Road near Zirakpur where people are investing in large n...

Housing Sales in Top 7 Cities Surge 29% Y-o-Y in Q1 2021, Breach Pre-COVID-19 Levels

58,290 homes were sold in the top 7 cities in Q1 2021 against 45,200 units in Q1 2020; housing sales breach pre-COVID levels MMR & Pune account for 53% of total sales in top cities, driven by stamp duty cuts, discounts & rock-bottom home loan rates New launches outpace housing sales – 62,130 units launched in 1st quarter against 41,220 units in Q1 2020; Bengaluru the only city to see...

Dalmia Cement (Bharat) Ltd. commences commercial production of Line 2 at its Bengal Cement Works unit

The company has added an additional capacity of 2.25 MTPA with an investment of INR 360 Cr Overall capacity of the unit now rises to 4 MTPA New Delhi, 24 March 2021: Dalmia Cement (Bharat) Limited, a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, announced the commencement of commercial production of Line 2, having a capacity of 2.25 MTPA, at its Bengal Cement Works (BCW) U...

ACC launches Global green concrete ‘ECOPact’ in Delhi NCR and Punjab today

Offered through ACC Ready Mix Concrete, ECOPact is a low carbon range of concrete ECOPact already available in Mumbai, Hyderabad, Bengaluru and Chennai. Launch in India follows successful adoption in US, Europe, Canada, UK, Latin America and other markets worldwide. New Delhi, March 24th 2021: ACC Ltd, one of the leading producers of cement and ready-mix concrete in the country, has brought global...

L&T-Built Sixth Offshore Patrol Vessel ICGS Vajra Commissioned into the Indian Coast Guard

Delivery ahead of schedule despite Pandemic Delhi, March 24, 2021: L&T-built Offshore Patrol Vessel ICGS Vajra was commissioned into the Indian Coast Guard (ICG) by General Bipin Rawat, PVSM, UYSM, AVSM, YSM, SM, VSM, ADC, Chief of Defence Staff, at Chennai today in the august presence of Director General K Natarajan, PVSM, PTM, TM, Director General Indian Coast Guard, Mr JD Patil, Whole Time ...

Tier II-III cities are key drivers for realty growth

Tier-II and -III cities are hotbeds for growth; as per a recent report by consulting firm Kearney, these cities are opening up opportunities for businesses and industries to expand. For a long time, these cities with abundant resources have been untapped. The country’s major developers flocked only towards the metro cities to establish world-class infrastructure. However, the pandemic has re...

Xanadu Realty helps Raunak Codename Centre of Mumbai become FY21’s most successful real estate launch

A sell-out within 9 days of launch, the project has already generated INR 200 Cr+ in revenues Mumbai, 23rd March 2021: Underlining how adopting cutting-edge marketing can drive exponential growth for Indian real estate, Raunak Codename Centre of Mumbai has emerged as the most successful real estate launch in FY21. The project, located in Mumbai’s Sion area, achieved a complete sell-out of its inve...

VEDANTA CELEBRATES WORLD WATER DAY

Recycles 282.65 million cubic metres of water in last four years Implementing 19 water saving projects across its businesses Implementing new technologies to optimise water consumption Delhi, 22nd March 2021: As part of its philosophy of sustainable and responsible growth, Vedanta has recycled 282.65 million cubic metres of water in the past four years. Protecting water resources is an integral pa...

Real estate market favorable for buyers

The end-user is in the driver’ seat while purchasing property as developers are going all-out to attract the buyers; icing on the cake for residential buyers is the low home loan interest rate Did you know that challenging times are an opportunity for making money in real estate? This is no joke. And the icing on the cake is favourable market scenario inclined towards the buyers. It only req...

NAR-India celebrate World Realtors Day at 12th Annual Convention hosted by APP Delhi NCR The convention aims to raise funds for transforming school education in Ladakh

New Delhi, March 22, 2021: World Realtors Day was celebrated with great enthusiasm at the 12th Annual Convention hosted by APP with NAR-India on 21st March 2021 at Aerocity in New Delhi. True to its theme Opportunities Infinite, the conclave offered a multitude of opportunities to real estate professionals, developers, architects, financial institutions and many national as well as international d...

Fractional Ownership – Putting Luxury Vacation Homes Within Reach

Prashant Thakur, Director & Head – Research, ANAROCK Property Consultants The times are changing for the luxury resorts and vacation homes market in India. Previously the exclusive domain of HNIs capable of shelling out huge sums, this market may now attract a new set of buyers with a yen for owning a luxurious beach-facing property or mountain vacation home at a fraction of the total cost. Th...