Raymond Realty Sets Ambitious Target: Aims for ₹25,000 Crore Revenue from Real Estate
Raymond Realty, the real estate arm of the Raymond Group, has set a high target for its future growth. The company aims to achieve a revenue of ₹25,000 crore (₹2.5 lakh crore) from its real estate business, leveraging its extensive land bank in Thane and its upcoming Bandra project. Raymond
Birla Estates Partners Up for Luxury Development in Gurugram
Birla Estates, a leading real estate developer, has announced a joint venture with Barmalt India to develop a luxury housing project in Gurugram. The project will be built on a 13.27-acre land parcel in Sector 31, offering an estimated revenue potential of approximately Rs 5,000 crore. Birla Estates Limited, the
Mumbai’s Realty Market Sees Big-Ticket Deal: Director Splashes ₹97 Crore on Sea-Facing Luxury Apartment
Mumbai’s luxury real estate segment witnessed a significant transaction with a real estate firm director purchasing a sea-facing apartment for a staggering ₹97.40 crore. This high-value deal highlights the continued presence of high net-worth individuals (HNWIs) in the city’s premium property market. The Mumbai real estate market continues to attract
Relief for Homebuyers: Suraksha Group Takes Over Jaypee Infratech, Forms New Board
After a prolonged period of uncertainty, homebuyers in Jaypee Infratech projects can finally breathe a sigh of relief. Suraksha Group, which emerged as the successful bidder in the insolvency process, has officially taken control of the debt-ridden company. The group has also constituted a three-member board, signaling a renewed focus
Bengaluru and Delhi NCR Lead the Way: Fastest Selling Cities for Unsold Homes
Homebuyers looking for ready-to-move-in options may find Bengaluru and Delhi NCR the most attractive destinations in India. A recent report by JLL India reveals that these two major cities boast the shortest timeframes for selling unsold housing inventory, with Bengaluru taking just 13 months and Delhi NCR following closely at
Noida Authority Faces Contempt Notice Over Delayed Flat Registrations in Lotus 300 Project
Synopsis: The Allahabad High Court has issued a contempt notice to the Noida Authority for failing to register approximately 300 flats in the Lotus 300 project in Sector 107. This action comes after the High Court’s earlier order in February 2024 mandated the registration within a month and a half,
Portugal Revamps Golden Visa Scheme to Focus on Affordable Housing
Synopsis: Portugal is introducing a significant change to its popular golden visa program. In a bid to tackle the nation’s housing affordability crisis, the scheme will now offer residency rights to wealthy foreigners who invest in affordable housing projects or migrant accommodation. Portugal’s golden visa program, known for attracting foreign
Vistry Partners with Blackstone & Regis to Deliver 1,750 Homes in Southeast England
Synopsis: UK housebuilder Vistry has announced a major partnership with private equity giant Blackstone and property investor Regis Group. The deal involves the construction of 1,750 new homes across 36 Vistry developments in the southeast of England, with a gross development value of £580 million. Vistry Group, a leading UK
Reliance Sets Sights on Global Hub: RIL to Develop Economic Powerhouse in Navi Mumbai
Synopsis: Reliance Industries Limited (RIL) has secured land for a massive project in Navi Mumbai. The company plans to develop a global economic hub focused on digital and service industries, aiming to attract international partnerships and cutting-edge technologies. Reliance Industries Limited (RIL) has announced a bold initiative to establish a
Cooling Down: Demand for Holiday Homes Dips as Rentals Decline
Synopsis: The once-booming market for holiday homes appears to be losing steam. Real estate professionals report a significant decrease in demand for these properties, coinciding with a drop in rental income for existing holiday homes. According to industry experts, the scorching demand for holiday homes seems to be cooling off.
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