NEW DELHI: J Estates is venturing into the senior living housing sector as part of its diversification strategy.
The company plans to launch three senior living projects in Gurugram, spanning over eight acres and totaling approximately 450 units. The anticipated gross development value (GDV) of these projects is ₹2,100 crore.
According to the United Nations Population Fund (UNFPA), the senior population in India (aged 80 and above) is expected to grow by around 279% between 2022 and 2050.
CHANDIGARH: The UT urban planning department has declined to approve the Chandigarh Housing Board’s (CHB) proposal for plotted housing development in the Rajiv Gandhi Chandigarh Technology Park (RGCTP). The department referenced the Chandigarh Master Plan (CMP) 2031, which forbids individual plotted development in the city. This decision was shared last week, requiring CHB to reassess its IT Park housing scheme. CHB had put forward a comprehensive proposal intending to replace the previous group housing model with individual plots for sale at the IT Park. However, the urban planning department’s recent communication explicitly stated: “According to the notified Chandigarh Master Plan…
NEW DELHI: British International Investment (BII) has invested ₹170 crore in Altum Credo Home Finance, a company focused on affordable housing finance. This funding will enable Altum Credo to expand its operations in its current regions within India and to bolster its IT infrastructure, enhancing operational efficiency, customer experience, and digital service delivery. The firm primarily addresses the home finance needs of first-time buyers from low-income groups, boasting assets under management (AUM) exceeding ₹1,000 crore. Published On Aug 25, 2025 at 09:45 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest…
Sure! Here’s a rewritten version of the content: NEW DELHI: Sunteck Realty Ltd has announced a 47% increase in consolidated net profit, reaching ₹33.43 crore in the first quarter of the current fiscal year. In the same period last year, the net profit was ₹22.78 crore. However, total income decreased to ₹201.53 crore in the April-June quarter of 2025-26, down from ₹328.01 crore in the corresponding quarter of the previous year, as noted in a regulatory filing on Thursday. Sunteck Realty is recognized as one of the prominent real estate companies in India, having developed numerous projects in the Mumbai…
