Prateek Group takes on the traffic problems in Delhi/NCR
As part of its corporate social responsibility, Prateek Group has taken upon the initiative to educate people on traffic rules.
As part of its corporate social responsibility, Prateek Group has taken upon the initiative to educate people on traffic rules.
Housing Development and Infrastructure Ltd has started resettling people living in the slums bordering the Mumbai airport, clearing the way for Mumbai International Airport Ltd to develop the area.
Supertech Limited plans to expand its geographical presence before filing DRHP with market regulator SEBI for its IPO in around a year’s time.
Evader, Inc. subsidiary ASCC has announced to launch a 480-unit integrated group housing project, in New Chandigarh valued at $33 million U.S.
Investigating the Adarsh scame in Mumbai the CBI and Income Tax department unearthed the unholy nexus between the then Chief Minister Ashok Chavan and his Mumbai Commissioner of Police (Traffic) termed as Traffic CP Sanjay Burve.
The Finance Minister seems to be getting more appreciation than brickbats for renewing focus on the housing needs of Aam Aadmi. Even the real estate sector is divided and while the long awaited demands have not been fulfilled, a section of the realtors with affordable housing projects have appreciated the efforts.
Vascon Engineers Ltd, a Real Estate and EPC company, on a consolidated basis recorded a revenue of Rs. 215.82 crore for Q3FY11 as against Rs.158.60 crore in the corresponding quarter last year; marking a growth of 36.08%.
Puravankara has acquired the redevelopment rights of a prestigious society — Miami Apartments at Breach Candy. Spread little over ~2,000 sq m of land, this marks the developer’s entry into the uber-luxury South Mumbai market, where rates (as per market sources) are estimated in the range of Rs 1,25,000 and Rs 1,40,000 per sq. ft.
This funding round featured participation from high-profile individuals such as Dr. Shriram Madhav Nene, Anmol Sood, Sahil Vachani, Managing Director and CEO of Max Estates, and Rohit Kothari’s Anchorage Capital Fund. Prominent angel investor Ritesh Malik and Ankit Mittal and his family office Sixth Sense Ventures Partners also contributed to the funding round, among others.
The Indian real estate sector is poised for robust growth in FY25, driven by the country’s strong economic performance and rising demand across residential, commercial, and industrial segments. The IMF has revised India’s GDP forecast to 7% from 6.8% for FY25. Increased urbanization, infrastructure development, and favourable government policies are boosting homebuyers confidence. The residential sector is witnessing a continued surge in demand. Overall inventory overhang has reduced from 3.7 years (2017) to 1.3 years (Q1 CY 2024). Puravankara is expected to experience sustained growth, in line with the sector, supported by a conducive economic environment and evolving consumer preferences.