Housing Project

Ganga Realty to invest Rs 750 cr to build affordable housing project

Real estate firm Ganga Realty will invest Rs 750 crore to build an affordable housing project in Gurugram. The company will develop 2,972 apartments in new project 'Tathastu', which is spread over 22 acres in Sector 5, Sohna-Gurugram. The price of the apartment starts from Rs 25 lakh. "The company will spend Rs 750 crore to build an affordable housing project," Ganga Realty said in a statement. Vikas Garg, Joint Managing Director of Ganga Realty, said the total project cost is Rs 750 crore and this will be funded through internal accruals and customer advances. The project is expected to be delivered by the first quarter of 2027. Garg noted that Sohna is primarily an end user driven market. In affordable housing segment, realty firm Signature Global is a leading player in the Gurugram market. According to property consultant Anarock, sales of residential properties in Gurugram jumped over two-fold to 32,617 units during 2022 on higher demand across all price categories affordab

DLF to invest Rs 3,500 cr in next 4 yrs on housing project in Gurugram

Realty major DLF will invest around Rs 3,500 crore over the next four years to construct a new luxury housing project in Gurugram as its seeks to tap strong demand for residential properties. DLF will develop a new group housing project 'The Arbour', which is spread over 25 acre and comprises 5 towers with a total of 1,137 premium apartments. DLF, the country's largest real estate firm in terms of market cap, sold all 1,137 units, each costing Rs 7 crore and above, for over Rs 8,000 crore within 3 days (February 15-17). In an interview with PTI, DLF Ltd CEO Ashok Tyagi said, "We will develop around 4.5 lakh square feet area in this new project." Asked about the construction cost, he said it will be between Rs 7,000-8,000 per square feet given the amenities promised in this luxury project. Tyagi said the overall construction cost has shot up due to increase in prices of key materials like cement and steel. The total construction cost will be around Rs 3,500 crore over the next fou

Registration of housing property in Hyderabad dips 3% to 5,274 units in Feb

Registration of residential properties in Hyderabad fell 3 per cent to 5,274 units in February, according to property consultant Knight Frank India. The residential market includes four districts, namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. The total value of properties registered stood at Rs 2,816 crore in February against Rs 2,837.7 crore in the year-ago period, Knight Frank said in a statement. At the district level, home sales registrations in the Medchal-Malkajgiri district were recorded at 43 per cent, followed by the Rangareddy district at 39 per cent. The share of Hyderabad district in total registrations was recorded at 15 per cent in February 2023. Registrations of residential units in the price band of Rs 2550 lakhs remained highest, constituting 51 per cent of the total registrations in February 2023. The share of demand in the less than Rs 25 lakhs ticket size stood at 18 per cent in February 2023 in line with the same period last year. "Greater

Mahindra Lifespace buys 4.25 acre land in B'luru to build housing project

Realty firm Mahindra Lifespace Developers Ltd on Friday said it has acquired 4.25 acre land in Bengaluru to develop a housing project and is expecting revenue of around Rs 400 crore from this property. The company expects to launch the first phase of the project within the calendar year 2023. In a regulatory filing, Mahindra Lifesapce, the real estate and infrastructure development arm of the Mahindra Group, informed that it has purchased 4.25 acres of land in Singasandra, South Bengaluru. The land is estimated to have a developable potential of around 4.6 lakh square feet of saleable area and a Gross Development Value (GDV) of about Rs 400 crore primarily comprising of premium residential apartments, it added. Arvind Subramanian, Managing Director & CEO of Mahindra Lifespace Developers, said, "Bengaluru is a key growth market for our residential business, and we are happy to add this new project to our portfolio." "This will be our third project in Bengaluru...This latest ...

Godrej Properties announces acquisition of 60-acre land parcel in Chennai

The real estate development arm of Godrej Group said it would develop a residential project on the land

Anarock facilitates sale of 1,455 unsold units so far in stalled projects

Property consultant Anarock, which has got the mandate to sell over 5,000 unsold flats of erstwhile Amrapali group, on Wednesday said it has facilitated the sale of 1,455 housing units so far. State-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali Stalled Projects and Investment Reconstruction Establishment (ASPIRE) and supervision of the Supreme Court of India. "To date, Anarock has sold 1,455 homes in the NBCC Aspire mandate, with 520 units having been sold in the last three months alone," Anarock said in a statement. Of about 5,200 unsold units in these projects, the consultant said that about 4,000 are still up for sale. Anarock was appointed as the exclusive agent to market and sell these units, it added. These unsold units are spread across 22 projects in Noida and Noida Extension. Overall, there are over 40,000 undelivered homes in these projects, for which customers have been waiting for many ...

Uttar Pradesh plans to buy 43,000 acres of land for Rs 7.3 trillion

According to estimates, the state requires about 6.4 million new housing units in the urban and suburban centres in the next five years to meet the target

RBI's Housing Price index up 4.5% in Q2, Kochi tops chart with 11.5% rise

Four of the 10 cities in the index recorded sequential contraction, the others posted expansion

Godrej Properties acquires 12 acres in Pune to build housing project

Realty firm Godrej Properties has acquired 12 acres of land in Pune for development of a housing project that has an estimated sales revenue potential of about Rs 2,000 crore. According to a regulatory filing, the company has, on an outright basis, acquired a 12-acre land parcel in Mundhwa-East, Pune. The development on this land will primarily be for a premium group housing project. The project will have a developable potential of approximately 2.2 million square feet with an estimated revenue potential of around Rs 2,000 crore, it added. Mohit Malhotra, MD & CEO, Godrej Properties, said, "Mundhwa is an important micromarket in Pune and we are happy to add this land parcel to our portfolio. This will further expand our presence in Pune and fits with our strategy of deepening our presence in established micro markets across India's leading cities." Godrej Properties, which is part of business conglomerate Goderj group, is one of the leading real estate developers of the ...

TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

Godrej Properties eyes Rs 8k-cr sales revenue from housing project in Delhi

Realty firm Godrej Properties s waiting for some pending government approvals to launch this 27-acre luxury residential project in Delhi-NCR, its best performing market last fiscal

Amrapali homebuyers asked to pay Rs 200 per sq ft extra to meet shortfall

A separate fund, namely "Sinking cum Reserve Fund", has been made where all homebuyers of Amrapali Group would deposit the amount

Ranveer Singh buys quadruplex worth Rs 119 crore near Shah Rukh's Mannat

Ranveer Singh has bought the quadruplex nearby SRK's Mannat along with his father Jugjeet Sundersingh Bhavnani's firm Oh Five Oh Media Works LLP

Modi launches schemes worth Rs 21,000 cr in Gujarat as elections near

Prime Minister inaugurates work to build Railway projects, dedicates houses built for the poor.

Realty developers expecting 30% rise in real estate prices this yr: Survey

A significant percentage of real estate developers expect property prices to rise of up to 30 per cent this year due to sharp increase in rates of building materials

DLF launches luxury housing project in Delhi; starting price Rs 3 crore

DLF is developing this project in partnership with Singapore sovereign wealth fund GIC

Axis Ecorp to invest Rs 100 cr to build housing project in Maharashtra

Realty firm Axis Ecorp will invest Rs 100 crore to develop a 25-acre luxury housing project in Maharashtra.

Godrej Properties ties up with TDI group for housing project in Delhi

Realty firm Godrej Properties Ltd on Monday said it has entered into a joint venture (JV) with TDI group to build a luxury housing project at Connaught Place in Central Delhi.

PNB Housing Sept qtr net down 25% to Rs 235 cr even as housing demand rises

Consolidated interest income drops to Rs 1,500 cr from Rs 1,960 cr in the same quarter last year. NII down 23% to Rs 503 cr

SC allows auction of 9,600 unclaimed flats in Amrapali projects

The Supreme Court was informed on Friday that nearly 9,600 home buyers, in various Amrapali housing projects, have not come forward to claim their flats.