Mumbai Metropolitan Region

SWAMIH Fund For Stuck Real Estate Projects, Aims To Deliver 43000 Homes By 2023

SWAMIH Fund For Stuck Real Estate Projects, Aims To Deliver 43000 Homes By 2023

Listen To The Article The Special Window for Completion of Affordable and Mid-Income Housing Investment Fund, also known as SWAMIH Investment Fund, which was entrusted with supporting stalled projects around the nation, has completed 23000 homes since its introduction. By the end of 2023, the 43000 homes that have already been delivered across Tier 1 and 2 cities are expected to be completed by...

Godrej Properties Purchases 18 Land Parcels In 2023 To Build New Projects Worth 32,000 Crore

Godrej Properties Purchases 18 Land Parcels In 2023 To Build New Projects Worth 32,000 Crore

Listen To The Article Godrej Properties Limited, encouraged by the strong housing demand, purchased 18 land parcels in 2023 for the development of new projects with an estimated sales potential of more than 32,000 crores. The Mumbai-based Godrej Properties, a part of the behemoth Godrej Group, stated that it will add new land parcels with a sales revenue potential of Rs 15,000 crore. In order...

Mahindra Lifespaces To Redevelop Two Societies In Mumbai With Revenue Potential Of 500 Crore

Mahindra Lifespaces To Redevelop Two Societies In Mumbai With Revenue Potential Of 500 Crore

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‚Äôs 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...

Over 4.02 Lakh Homes Will Be Finished By 2022 In The Top Seven Cities

Over 4.02 Lakh Homes Built By End Of 2022 In The Top Seven Cities

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...

Lodha Achieves Rs 9,000 Crore In Pre-Sales And Continues To Reduce Debt

Lodha Achieves Rs 9,000 Crore In Pre-Sales And Continues To Reduce Debt

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...

New Housing Supply Will Increase By 51% Across Seven Cities, NCR Sees 20% Fall

New Housing Supply Will Increase By 51% Across Seven Cities, NCR Sees 20% Fall

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...

Godrej Properties Has Purchased 9 Acres Of Premium Land In Gurugram

Godrej Properties Has Purchased 9 Acres Of Premium Land In Gurugram

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...

Godrej Properties Purchased 62 Acres Of Land In Kurukshetra

Godrej Properties Purchased 62 Acres Of Land In Kurukshetra To Develop Residential Plots

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...

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