Listen To The Article Mahindra Lifespace Developers, a leading real estate and infrastructure development body of Mahindra Group, will revamp two neighboring residential societies in Mumbai’s Santacruz West. These two residential projects will be developed on approximately 1.27 acres with a revenue potential of about 500 crores. As per Arvind Subramanian, MD and CEO of Mahindra...
Listen To The Article As per the recent report by property consultant ANAROCK, real estate developers increased the pace of construction in 2022, finishing 4.02 lakh housing units across seven major cities as compared to 2.79 lakh homes in the year 2021. The top 7 cities experienced record-breaking housing sales and new launches in 2022. Unit completions have also continued to rank first...
Listen To The Article Lodha Group, also known as Macrotech Developers, reported a 16 percent year-on-year increase in pre-sales to Rs 3,035 crore in the three months that ended December 2022, marking its best quarterly performance. In the December 2021 quarter, the company reported pre-sales of Rs 2,608 crore. Pre-sales for the first nine months of the current financial year totaled Rs 9,039...
Listen To The Article The new residential property supply increased 51% last year to 3,57,635 units across seven major cities as many builders launched more projects to meet rising housing demand. According to the leading housing brokerage's annual report for the year 2022, new launches increased to 3,57,635 units last year from 2,36,693 units in 2021 across seven major cities. Housing unit launches...
Listen To The Article Godrej Properties has purchased a 9-acre land plot in Gurugram to develop a housing project with a Rs. 2,500 crore sales potential. This project will comprise roughly 1.6 million square feet of luxury residential development. The site is located near Golf Course Extension Road, also known as Southern Peripheral Road. Godrej Properties MD & CEO Gaurav Pandey stated, "Gurugram...
Listen To The Article Godrej Properties announced that it had purchased approximately 62 acres of land in Kurukshetra, Haryana, to develop a plotted residential project. The company stated that this project would provide approximately 1.4 million square feet of plotted residential development. The total deal value of this land parcel was not disclosed by the company. Kurukshetra is a self-sufficient...