Listen To The Article Max Estates, a subsidiary of Max Ventures and Industries Limited (MaxVIL), has so far deployed equity worth approximately Rs 2,000 crore, and funded the acquisition of four projects in Noida and Gurugram, respectively, according to MaxVIL MD and CEO Sahil Vachani. We have acquired these four projects entirely through equity. We raised the funds by selling our packaging...
Listen To The Article Ashiana Housing exceeds its annual booking value target of Rs 1,100 crore. The company has exceeded its annual booking value of Rs 1,100 crore for the financial year 2022-2023. The total booking value for financial year 2023 was Rs 1,278.84 crore, with 25.21 lakh square feet of booking area. In addition, a total of 351 expressions of interest (EOIs) were received in...
Listen To The Article K Raheja Realty, a Mumbai-based real estate developer, has launched a premium ready-to-move-in residential property. Tower G at Raheja Residency in Malad East offers 2BHK luxury residences beginning at Rs 1.95 crore. The 20-story tower will have four units on each floor, and the early bird booking offer will begin around April 30, 2023. The property, which is in a good...
Listen To The Article Experion Developers Singapore’s real estate focussed fund received the highest votes for Blackstone-backed besieged Dignity Buildcon in a deal that would imply a 50% recovery for lenders originally led by Stanchart Bank, as per the application filed by the resolution expert with the bankruptcy court. Experion Developers offered Rs 450 crore for the real estate...
Listen To The Article Ganga Realty a Gurugram-based developer, will invest Rs 750 crore in developing Tathastu, an affordable housing project in Sector 5, Sohna. The project will be spread across around 22 acres and offer 3 BHK apartments with a carpet area of 645.73 square feet at a price of Rs 25.14 lakh onwards. The project is located in Sohna-Gurugram Sector 5 and is only a...
Listen To The Article The Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has ordered Splendor Landbase Limited to pay delayed possession charges of 10.6 percent interest to buyers in a commercial project after the developer failed to complete construction and deliver units on time. "The accused promoter is ordered to pay the stuck possession charges at the approved rate of...
Listen To The Article After some delay because of the disputable land parcels, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has invited bids to auction three mixed-use sites for the ambitious Global City Project in Gurugram. The e-auction of three Gurugram Global City land parcels totaling 142.52 acres will be held on May 19. The last date for registering...
Listen To The Article The New Delhi Railway Station is set to undergo a major renovation this year, which will be completed in three phases. Initially, the station’s only platform was between platform 16 Ajmeri Gate and platform 1 Paharganj. The Indian government announced in 2022 that the New Delhi Railway Station would be renovated at the cost of Rs. 4,700 crores. The Union Cabinet had...
Listen To The Article Amazon has leased 5 lakh square feet of office space in Hyderabad and 3 lakh square feet of office space in Gurgaon for five years. Amazon has leased ground plus ten floors in Hyderabad for 60 months, totaling 4,87,800 square feet of space. The ground plus fourth floors were leased for Rs 52 per square foot per month, while the fifth to tenth floors were leased for Rs...
Listen To The Article Max Estates, a subsidiary of Max Ventures and Industries Ltd (MaxVIL), plans to invest about Rs 3,400 crore in new residential and commercial projects in Noida and Gurugram over the next four to five years, according to Sahil Vachani, the company's Managing Director (MD) and Chief Executive Officer (CEO). The company has purchased a plot of land in Noida's Sector 128...