Sobha Developers (Pune) (SDPL), a fully owned subsidiary of Sobha, and BNB Builders (BBPL) have engaged into a share purchase agreement for the acquisition of 100% of the company's equity shares for Rs 29.5 crore, according to a BSE filing. As a result of this transaction, BBPL will become a step-down subsidiary of the business and an entirely-owned subsidiary of SDPL. Additionally, this will assist...
The focus is now on land purchases as real estate developers are picking up the pace with new projects as major companies have high sales goals for themselves beginning this year. According to JLL India report, approximately 100 land transactions encompassing a region with a 209 million square foot development potential occurred between January 2022 and May 2023. About 84% of this was allocated...