Track2Realty: Godrej Properties has added a new project in Sector 79, Gurgaon to its development portfolio. The land parcel measures 17.4 acres and the project will be developed as a premium residential housing project. The expected saleable area in the project is .15 million square meters (1.6 million sq. ft.).
Track2Realty: Kolte-Patil Developers (KDPL) has launched four new luxury projects- Tuscan Estate Signature Meadows, Downtown, 24K Glamore and 3rd Avenue at Life Republic in Pune to develop a total of 1.8 million sq.ft. for these new projects.
Track2Realty Exclusive: Crème de la crème real estate project for the upscale and upmarket buyers is an ambition that is driving the developers across the country. It seems the Indian real estate has woken up to the reality that the destination of brand positioning is ‘luxury’ and as Track2Realty finds, in this rat race the term is so over-used and abused that it has lost its relevance. From high-end condominiums to affordable, the tag of luxury seems to be the biggest brand driver for the sector.
Track2Realty: Godrej Properties has entered into a development agreement with Oasis Buildhome to develop a 13.76 acre property situated on Northern Periphery Road (NPR) in Sector 88A/89A, Gurgaon. The project will be developed as a premium residential group housing project and is expected to offer 1.2 million sq. ft. of saleable area.
Track2Realty: In a continuation of the company’s global growth plan, Cushman & Wakefield has entered into an agreement to acquire Singapore-based project management specialist company Project Solution Group (PSG).
Track2Realty: Tata Housing has got an investment by Portman Holdings into its luxury housing project “The Promont” in Bengaluru. This is the first private equity funding for a Tata Housing project.
The Macquarie SBI Infrastructure Fund (MSIF) has announced the completion of an investment into Ashoka Concessions Limited (ACL) for $US150 million1 (INR8 billion), along with a co-investor, the SBI Macquarie Infrastructure Trust (SMIT).
Asset management firm ICICI Prudential’s real estate portfolio management service (PMS) today said it has divested investment in KUL Ecoloch, a township project in Pune. ICICI Prudential PMS real estate portfolio, a part of ICICI Prudential AMC, had invested Rs 47.5 crore in the 105-acre integrated township in Pune developed by realty firm Kumar Urban Development (KUL), a company statement said.
Interstate Hotels & Resorts, announced that JHM Interstate Hotels India, a 50/50 joint venture management company between Interstate and JHM Hotels, has signed contracts to operate two more hotels in India.
Tata Housing Development Co. Ltd. has announced the launch of their new residential project in Gurgaon – Primanti, a premium luxury housing complex.