NEW DELHI: Godrej Properties (GPL) has acquired a 26-acre land parcel in South Bengaluru, near Sarjapur Road.
Gaurav Pandey, MD & CEO, remarked, “As Bengaluru solidifies its reputation as one of India’s most vibrant real estate markets, the Sarjapur Road corridor emerges as a pivotal growth zone in the city’s urban landscape.”
GPL intends to develop a premium residential project on this land, projecting a revenue potential of ₹1,100 crore.
Global real estate investment, development, and management firm Tishman Speyer, along with Axis Commercial Real Estate Fund, has formed a strategic alliance with Kasturi Housing to launch a commercial and IT office project valued at ₹1,700 crore in Pune’s Balewadi region. This collaboration will yield approximately 1 million sq ft of premium office space, with Tishman and Axis holding a joint 50% stake while Kasturi Housing retains the rest. “Our partnership with Kasturi Housing and Axis AMC marks a significant expansion in India,” stated Parvesh Sharma, MD & country head of Tishman Speyer India. “The Pune project is a crucial…
NEW DELHI: Puravankara, through its wholly owned subsidiary Purva Blue Agate, has secured redevelopment rights for a residential society located in Malabar Hill, Mumbai. This 1.43-acre project has the potential for 0.7 million sq ft of development, which will provide new homes for current residents as well as create a significant number of units for sale. “With this acquisition, our redevelopment portfolio in Mumbai now amounts to 4.25 million sq ft, with a potential Gross Development Value (GDV) of ₹10,500 crore,” stated Rajat Rastogi, CEO – West & Commercial Assets at Puravankara. The projected revenue for this project is estimated…
HYDERABAD: The ongoing Indiramma housing scheme in urban Telangana received a significant boost as the Central government approved 1.13 lakh housing units under the Pradhan Mantri Awas Yojana (PMAY-Urban 2.0). This approval translates to nearly Rs 1,500 crore in Central funding for the state. A senior official in the housing department informed TOI that Telangana ranks first among Indian states in receiving a Rs 1,500 crore allocation for housing under PMAY-Urban 2.0. Notably, even Bihar, which is heading into elections, has not received such a substantial sanction, nor have BJP-ruled states like Uttar Pradesh or Gujarat. Chief Minister A. Revanth…
