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DRA Group Partners Balajadia Family For $100 Million Property Development Fund

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    DRA Group Partners Balajadia Family For $100 Million Property Development Fund
    DRA Group Partners Balajadia Family For $100 Million Property Development Fund

    Chennai realty developer DRA Group has embarked on a landmark cross-border alliance with the Philippines-based Balajadia Family Office, unveiling a $100 million joint real estate platform. This unique 50:50 partnership, structured through a special purpose vehicle, will focus on yield-generating Grade A office and retail assets in Chennai and Bengaluru — marking the first Filipino investment in India’s commercial real estate sector.

    Under the platform’s Phase I, the partners intend to develop one million sq ft of prime commercial and retail space, split across core CBD plots and high-growth suburban locations. The portfolio is envisaged with a 70% commercial and 30% retail mix.  Already underway is a 60,000 sq ft retail centre in Chennai’s OMR corridor with a $10 million investment, along with a 1.6-acre commercial project slated for the city. According to the platform’s managing director, deploying this capital through institutional-grade, asset-backed projects with tenant pre-leasing provides a de-risked, programmatic development approach intended to deliver stable returns over the next three years.

    The Balajadia Family, well-known in Southeast Asian investment circles, emphasises that this venture transcends property development—it reflects a collaborative vision. Capital and domain-specific wisdom converge with a long-term goal: creating high-quality assets in India, while also setting the stage for reciprocal realty collaboration in the Philippines. Real estate analysts see this partnership as a reflection of a broader pivot of Southeast Asian capital toward India’s robust real estate market, especially as returns in developed economies plateau. With plans to invest in 1.5–2 acre land parcels in micro-markets boasting strong infrastructure, the platform aims to unlock over ₹6,500 crore in gross development value and pursue rental yields that support REIT-quality monetisation strategies.

    For DRA, known predominantly for residential and mixed-use developments, this institutional grade commercial push underscores a strategic shift. If organized execution follows, this venture could set a new precedent for sustainable, cross-border urban real estate growth—bridging investment climates and reinforcing India’s appeal in global property markets.

    DRA Group Partners Balajadia Family For $100 Million Property Development Fund

    Malpani Pipes Certified By BSNL Wins Rs 50 Million Fibre Contract

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      Malpani Pipes Certified By BSNL Wins Rs 50 Million Fibre Contract
      Malpani Pipes Certified By BSNL Wins Rs 50 Million Fibre Contract

      Malpani Pipes and Fittings Ltd has earned BSNL certification to supply Pre-Lubricated (PLB) duct pipes—key components for optical fibre infrastructure—and swiftly followed up with an order worth approximately ₹50 million. The contract covers the supply of 242 kilometres of PLB duct pipes, to be completed over three months. This marks the company’s formal entry into India’s burgeoning telecom infrastructure domain, promising immediate revenue and long-term opportunity.

      Achieving BSNL’s stringent technical and quality benchmarks has granted the company status as an authorised supplier for telecommunication infrastructure. A senior official emphasised that this recognition reflects both engineering precision and regulatory readiness, important strengths as the company expands beyond its traditional verticals. The executive added that the order’s swift acquisition underscores strategic alignment with India’s broader digital transformation and network expansion goals. The telecom sector is currently experiencing a surge in infrastructure development, driven by national connectivity initiatives and robust private investment. This new revenue stream positions Malpani Pipes favourably—offering visibility and relevance in a dynamic, quality-sensitive segment. Sector analysts note that entry into telecommunication supply chains enhances corporate resilience through diversification, while also reinforcing urban equity via improved digital infrastructure access.

      With BSNL certification secured, Malpani Pipes is now well-placed to participate in fibre rollout and telecom infrastructure projects across urban and rural areas. The move dovetails with emerging preferences for consolidated, eco-conscious infrastructure providers. The company plans to leverage manufacturing efficiencies and quality systems to meet scaled demand reliably. As India strives for digitally inclusive cities, corporations like Malpani now contribute tangibly to sustainable development—supplying essential components for bridgeable networks that enhance educational, economic, and social connectivity across communities.

      Malpani Pipes Certified By BSNL Wins Rs 50 Million Fibre Contract

      DLF To Launch Rs 63 Bn Projects Across Housing And Commercial Real Estate

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        DLF To Launch Rs 63 Bn Projects Across Housing And Commercial Real Estate
        DLF To Launch Rs 63 Bn Projects Across Housing And Commercial Real Estate

        DLF is preparing to unveil expansive projects spanning approximately 25 million square feet (msf) across housing and commercial segments, reinforcing its dominance in India’s real estate landscape. The development pipeline, targeting a revenue outlay of ₹63,000 crore, will include high-end townships and premium projects.

        Central to this expansion is the second phase of the ultra-luxury “The Dahlias” in Gurugram, accounting for around 1 msf with an estimated sales potential of ₹2,500 crore. The broader luxury development footprint extends to 22 msf, expected to generate close to ₹57,400 crore. In addition, premium housing projects—such as Westpark in Mumbai’s Andheri and Midtown One in Delhi—will contribute about 2.3 msf with projected revenues of ₹2,000 crore. A further 0.2 msf of commercial space is slotted to add ₹1,000 crore to the top line. DLF’s recent launches underscore its market momentum: The Privana North luxury development sold out in just one week and generated over ₹11,000 crore, while the first phase of The Dahlias achieved remarkable success, booking ₹11,816 crore in nine weeks.

        The company’s Q1 FY26 performance reflects this strong pipeline and execution capability. New sales bookings surged 78% year-on-year to ₹11,425 crore, while net profit rose 19% to ₹766 crore. Total revenue jumped to ₹2,981 crore, supported by operational efficiency and disciplined capital deployment. The net cash position held firm at ₹7,980 crore. Strategists highlight that DLF’s new project portfolio underscores its strategic focus on scalable luxury, premium, and commercial segments—particularly the ₹3.5 crore to ₹5 crore residential sweet spot where consumer interest remains robust

        Moreover, this multi-stake approach supports sustainable urban expansion by focusing on concentrated, mixed-use developments with modern amenities and reduced urban sprawl. It also strengthens DLF’s resilient balance sheet amid shifting consumer preferences.

        DLF To Launch Rs 63 Bn Projects Across Housing And Commercial Real Estate

        Adani Ambuja Plans Sanghimax Size Cement Carrier Orders From China Soon

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          Adani Ambuja Plans Sanghimax Size Cement Carrier Orders From China Soon
          Adani Ambuja Plans Sanghimax Size Cement Carrier Orders From China Soon

          Adani Group–owned Ambuja Cements is on the verge of finalising a ₹2,500 crore contract in China to commission a fleet of specialised “Sanghimax” cement and clinker carriers—two cement carriers and eight clinker carriers—designed to revolutionise its logistics approach. A team is currently evaluating shortlisted Chinese shipyards, with a decision expected within the next 10 to 15 days.

          These vessels—dubbed “Sanghimax” on the lines of Suezmax and Panamax ships—have been custom-designed for safe navigation into the shallow, narrow channel servicing Sanghi Industries’ integrated cement plant in Kutch, Gujarat. Each clinker carrier will boast a 9,200-tonne capacity—over three times the load of conventional vessels. Costs are substantial: a Handymax cement carrier (38,500-tonne capacity) is priced at approximately ₹400 crore, while each clinker carrier is estimated at ₹200 crore.

          India’s domestic shipyards, including Cochin Shipyard, were considered but ultimately ruled out due to delivery timeline constraints and limited capacity for building such large vessels. In contrast, China’s shipbuilding ecosystem offers the capability and speed required—making it the preferred option. Once commissioned, these vessels will dramatically enhance Ambuja’s operational efficiency by supporting high-volume maritime logistics. The shift towards coastal shipping aligns with the Adani Group’s strategic push for a vertically integrated, multimodal distribution model that promises reduced carbon emissions and cost advantages over conventional road or rail transport.

          Adani Ambuja Plans Sanghimax Size Cement Carrier Orders From China Soon

          Rustomjee Group To Launch Township Projects On 100 Acres In Pune

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            Rustomjee Group To Launch Township Projects On 100 Acres In Pune
            Rustomjee Group To Launch Township Projects On 100 Acres In Pune

            Rustomjee Group is preparing to enter the Pune property market with large-scale township developments, marking a strategic expansion beyond its traditional stronghold in the Mumbai Metropolitan Region (MMR). The firm is currently evaluating two prime land parcels spanning nearly 100 acres in Pune for integrated township projects, which are likely to be executed through a joint development model.

            According to officials from the group, the company’s entry into Pune reflects its long-term plan to scale operations in high-demand urban growth centres. While formal launch timelines are yet to be announced, the group expects to firm up its Pune projects in the coming year, following the rollout of its first project in Nagpur—a market it forayed into recently. Rustomjee’s proposed projects in Pune will likely mirror its established blueprint of high-density, community-centric developments that combine residential, commercial, and social infrastructure. The company is well recognised for such township-style projects across MMR, particularly in mid to premium segments.

            While its focus remains rooted in MMR, where the group has several redevelopment and greenfield projects underway, the move to Pune aligns with growing market appetite in tier-one and emerging tier-two cities. The Pune metropolitan area, with its expanding IT corridor, robust manufacturing base, and rising aspirational housing demand, presents favourable conditions for township formats that cater to evolving urban lifestyles. In recent months, the company has launched three major redevelopment projects in Mumbai—in GTB Nagar, Swarganga CHSL, and the Lokhandwala Cluster—adding over 3.25 million sq ft of saleable area with a gross development value (GDV) exceeding ₹7,700 crore. These are part of a larger pipeline of 26 upcoming projects totalling approximately 23.79 million sq ft, with over 60% of them positioned in the ₹1 crore to ₹7 crore segment—considered a high-demand price band in the Mumbai real estate ecosystem.

            Real estate experts note that while affordable housing faces challenges in certain micro-markets, the aspirational and mid-premium categories in cities like Mumbai and Pune continue to witness sustained demand, especially in the ₹3.5 crore to ₹5 crore range. Rustomjee is expected to align its Pune strategy with this demand-supply dynamic. The group’s targeted expansion into Pune’s township space signals confidence in the city’s long-term growth trajectory and its readiness to diversify geographically while maintaining focus on quality, scale, and urban integration.

            If successfully executed, Rustomjee’s Pune ventures could contribute significantly to the city’s housing stock and set new benchmarks in sustainable urban development, particularly if aligned with climate-resilient infrastructure and inclusive community planning.

            Rustomjee Group To Launch Township Projects On 100 Acres In Pune

            TRU Realty Launches Premium Projects In Juhu Andheri Targeting Rs 400 Crore Revenue

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              TRU Realty Launches Premium Projects In Juhu Andheri Targeting Rs 400 Crore Revenue
              TRU Realty Launches Premium Projects In Juhu Andheri Targeting Rs 400 Crore Revenue

              TRU Realty has officially launched in the city’s highly prized Santacruz–Andheri corridor, announcing two high-end residential projects with combined investments of approximately ₹250 crore and projected revenue of ₹400 crore by 2028. With RERA approval secured, the developments—spanning roughly 0.3 million sq ft—are slated for launch in September 2025, tapping into surging demand for upscale housing amid constrained land supply and rising incomes.

              TRU Realty’s arrival comes at a time when Mumbai’s residential market is seeing record registration activity, reflecting renewed consumer confidence in property acquisition. Economic growth and limited developable land have fuelled demand, especially in micro-markets like Juhu and Andheri, where premium real estate remains highly sought after. The company, spearheaded by a seasoned industry executive, aims to establish a foothold in urban redevelopment through a mix of luxury projects. Already active in markets like Pune, TRU Realty brings a portfolio across Maharashtra, with ongoing projects like “Awestrum Life” in Andheri and “Spectrum Life” in Juhu.

              Experts note that while delivering palatial living standards, the firm is also aligning with sustainable city objectives. The corridor’s connectivity to major nodes—juncture proximity to Juhu, metro stations, transit hubs, and the airport—enhances the projects’ liveability quotient while limiting ecological strain through urban infill development. This move by TRU Realty may also influence broader industry trends by demonstrating the feasibility of combining redevelopment with financially robust models. With assets under development exceeding ₹1,000 crore and over 210 homes delivered as of FY 2024–25, the company is positioning itself as a future-ready developer in India’s leading metros.

              As TRU Realty prepares for its September launch, its initiative will be closely watched by both investors and homebuyers seeking elevated lifestyle offerings without sacrificing connectivity. Simultaneously, planners and market analysts will be gauging the impact of such premium projects on urban equity and inclusive growth in Mumbai’s evolving housing landscape.

              TRU Realty Launches Premium Projects In Juhu Andheri Targeting Rs 400 Crore Revenue

              Mirzapur Actor Shweta Tripathi Acquires Rs 3 Crore Mumbai Apartment

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                Mirzapur Actor Shweta Tripathi Acquires Rs 3 Crore Mumbai Apartment
                Mirzapur Actor Shweta Tripathi Acquires Rs 3 Crore Mumbai Apartment

                Actor Shweta Tripathi has acquired a 938 sq ft apartment in Mumbai’s Chembur neighbourhood for ₹3 crore, registered on 2 July 2025. The purchase includes two car parking slots and entitles her to stamp duty exemption under Maharashtra’s women homebuyer policy, as reflected in public property records from Supreme Boulevard by Supreme Universal.

                The premium real estate deal, costing approximately ₹32,000 per square foot, involved a ₹15 lakh stamp duty waiver and a ₹30,000 registration fee, reducing the effective tax cost of the transaction significantly. The flat is located on the 9th floor of the building and forms part of a luxury residential tower operated by Mumbai-based Supreme Universal—though neither Tripathi nor the developer responded to queries at the time of reporting. Shweta Tripathi gained widespread recognition from her portrayal of Gajgamini ‘Golu’ Gupta in the Amazon Prime series Mirzapur, which debuted in 2018. An alumna of the National Institute of Fashion Technology (NIFT), she began her career in the film industry behind the scenes before transitioning to acting. She gained critical acclaim with her debut in Masaan (2015) and went on to star in films including Haraamkhor, Gone Kesh, and Cargo. In 2025, she made her debut as a film producer to back unconventional and boundary-breaking narratives.

                Property experts point out that the acquisition reflects both Tripathi’s Mumbai roots and growing investor interest in mid‑range but well-connected neighbourhoods such as Chembur. Unlike iconic zones like Bandra or Juhu, Chembur offers a balance of affordability, accessibility, and green amenities—traits increasingly valued for low-carbon, inclusive urban living. Analysts note that the Maharashtra government’s policy for stamp duty concessions to women buyers encourages female property ownership and promotes equitable urban participation—especially in emerging suburbs experiencing rapid densification. Tripathi’s purchase exemplifies this trend and aligns with broader efforts to diversify homeownership in Indian cities.

                While high-profile actors often gravitate toward ultra-luxury sea-facing residences, industry observers say this investment reflects a deliberate preference for mainstream, evolving residential pockets which offer future capital appreciation and urban integration. Experts commend the move as signalling market maturity. Tripathi’s choice to acquire a self-use unit rather than leasing also suggests confidence in long-term residential intent rather than speculative investment. With Mumbai tackling supply constraints and sustainability targets, well-planned localities such as Chembur are increasingly positioned as equitable, eco-conscious housing zones.

                The relevance of her corporate identity in arts and storytelling further aligns with the rise of creative professionals increasingly investing in sustainable urban neighbourhoods—where community living, walkability, and civic infrastructure meet housing ambition.

                Mirzapur Actor Shweta Tripathi Acquires Rs 3 Crore Mumbai Apartment

                Ashiana Housing Targets Mumbai NCR Bengaluru With Rs 425 Crore Investment In FY26

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                  Ashiana Housing Targets Mumbai NCR Bengaluru With Rs 425 Crore Investment In FY26
                  Ashiana Housing Targets Mumbai NCR Bengaluru With Rs 425 Crore Investment In FY26

                  Ashiana Housing Ltd has unveiled a strategic allocation of ₹425 crore for the financial year 2025–26 to scale its senior living business across Mumbai, Bengaluru, and NCR. In a regulatory filing, the firm disclosed plans to launch five new phases within existing senior living communities, encompassing approximately 5.71 lakh square feet of saleable area, reflecting confidence in its integrated, demographic-driven housing model.

                  Currently operating nine live senior living projects (three in Bhiwadi, three in Chennai, and one each in Jaipur, Pune, and Lavasa), the company constructed 5.38 lakh sq ft in the segment last year and invested ₹213 crore. It recorded booking revenues of ₹382 crore in FY2024–25 and has set a target of ₹450 crore this fiscal, with senior living now contributing over 30% of its residential revenue. In commentary about the company’s approach, the joint managing director stated that senior living represents not a mere asset class but a social commitment, underscoring the urgency of catering to India’s ageing population through gender-neutral, community-centric design and ongoing support infrastructure. The investment covers payouts to landowners, construction costs, execution expenditures, and infrastructure.

                  The expansion into Mumbai and Bengaluru — markets with tight land supply and high demand — signals Ashiana’s bet on premium urban infill projects. However, company officials have acknowledged rising land prices as a critical constraint for growth, particularly in integrated live-work neighbourhoods. Urban analysts note that this push aligns with broader trends in sustainable urbanisation: senior living homes are increasingly valued for lower carbon footprints, walkability, and inclusion for older age groups. Ashiana’s approach to combine premium, affordable, and senior residences under one portfolio—with over 55 projects across four housing categories and delivery of 23 million sq ft to 19,000 families—supports a vision of equitable and eco-friendly city growth.

                  Experts flag that the ageing population in India presents both a demographic opportunity and a social necessity, and senior living developments—when designed with accessibility, green features, and local connectivity—can reduce pressure on urban crises like overcrowding and carbon-intensive long-term care facilities. Going forward, sustainability observers emphasise that the success of Ashiana’s senior living roll-out hinges not solely on financial commitment but on ecological design: rainwater harvesting, waste segregation, renewable energy integration, and landscaped open space must underpin project execution to ensure alignment with low-carbon urban mandates.

                  As the company positions senior living at the core of its growth, the emphasis on measurable booking targets, land acquisition strategy, and phased rollout presents a model balancing commercial viability with socially relevant housing delivery.

                  Ashiana Housing Targets Mumbai NCR Bengaluru With Rs 425 Crore Investment In FY26

                  K Raheja Corp Buys 7.43 Acre Pune Land For 195 Crore Development

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                    K Raheja Corp Buys 7.43 Acre Pune Land For 195 Crore Development
                    K Raheja Corp Buys 7.43 Acre Pune Land For 195 Crore Development

                    K Raheja Corp’s subsidiary, KRC Queens Pvt Ltd, has finalised the acquisition of a 7.43‑acre land parcel in Mahalunge, situated near Hinjewadi on the outskirts of Pune, for a consideration of approximately ₹195 crore, official realty registration documents accessed via CRE Matrix confirm. The transaction, registered on 21 July 2025, yielded a stamp duty collection of ₹13.67 crore, indicating formal completion of the purchase.

                    Designated for an integrated township development, the site boasts a development potential of 1.51 lakh sq metres, equivalent to about 16.28 lakh sq ft, translating into a saleable area of approximately 17 lakh sq ft. K Raheja Corp is reportedly planning a residential scheme that aligns with its ongoing expansion in emerging micro-markets. Industry analysts note that this is K Raheja’s strategic move into Pune’s growth corridor, complementing its aggressive acquisitions in Mumbai. Earlier in January 2025, a separate K Raheja subsidiary had tied up for a 5.75‑acre land purchase in Kandivali East for ₹466 crore, consolidating the developer’s footprint in Mumbai’s residential segment.

                    The Pune transaction invites comparison to recent land deals by other developers. Notably, Godrej Properties acquired a 14‑acre parcel in Kharadi‑Wagholi in June 2025, with plans for a premium group housing project capable of yielding 3.7 million sq ft of saleable space and generating ₹4,200 crore in revenue These high-value land investments signal robust confidence in the Pune residential pipeline. Real estate observers suggest that K Raheja’s policy of acquiring large land parcels in growth zones underscores rising demand in Warwick-like micro-markets, such as Hinjewadi and Mahalunge. The development is anticipated to integrate sustainability measures, green open spaces, equitable housing options, and eco‑friendly construction standards—aligning with broader urban resilience goals.

                    Economic experts highlight that Pune’s expanding IT belt and improving connectivity have triggered a decade-long surge in township projects. With regulated land availability in Mumbai, developers are increasingly targeting peri‑urban land parcels offering scalable buildable area and balanced returns—while navigating regulatory clearances and social infrastructure planning. Government data indicates continued investor traction, with Pune property registrations remaining flat in early 2025 despite softening sales in smaller apartment segments, reflecting a structural momentum in premium land acquisitions as urban strategies shift toward compact, sustainable development models.

                    K Raheja’s move also reflects proactive land acquisition tactics ahead of formal approvals. By completing the transaction and affixing the stamp duty, the developer can now proceed with planning under Maharashtra’s township policy framework, including zoning for mixed-income housing, public open space quota, and carbon-efficient amenities. While officials at K Raheja Corp and Mahalunge Real Estate Developers have not responded to media queries at the time of reporting, market observers expect this deal to fuel interest among institutional investors and commercial property markets.

                    The end result: a major step for K Raheja Corp’s pivot from Mumbai saturation toward Pune’s evolving residential ecosystem—one that balances high return potential with city-level sustainability and inclusive urban design.

                    K Raheja Corp Buys 7.43 Acre Pune Land For 195 Crore Development

                    Bollywood Actor Aamir Khan Leases Four Premium Apartments In Bandra

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                      Bollywood Actor Aamir Khan Leases Four Premium Apartments In Bandra
                      Bollywood Actor Aamir Khan Leases Four Premium Apartments In Bandra

                      Bollywood superstar Aamir Khan has leased four premium apartments in Mumbai’s upscale Bandra neighbourhood. This temporary relocation comes as his long-time residence in the Virgo Housing Society, Pali Hill, undergoes redevelopment. According to reports, the five-year lease, starting from May 2025 through May 2030, commands a monthly rent of ₹24.5 lakh.

                      The leased apartments are located near the temporary residence of actor Shah Rukh Khan, reaffirming Bandra’s position as the epicentre of Mumbai’s celebrity housing market. Sources in the real estate industry indicate that Khan chose to remain in Bandra to retain proximity to Mumbai’s film hubs and maintain continuity in his work and personal routine. Aamir Khan’s Pali Hill duplex, with an estimated value of ₹60 crore, has served as both his residence and work space for several years. The sea-facing 5,000 sq ft property is now under redevelopment, prompting the decision to lease nearby accommodations instead of relocating elsewhere in the city.

                      Beyond this, Khan owns multiple apartments in the Bella Vista and Marina Apartments buildings in the same locality. As per realty records, he purchased a new flat in Bella Vista in June 2024 for ₹9.75 crore, paying ₹58.5 lakh in stamp duty and ₹30,000 in registration fees. Between Bella Vista and Marina, Khan owns 10 of the 24 total apartments. These buildings, too, are undergoing redevelopment, signalling a wider transformation of Bandra’s residential landscape. Khan’s property holdings extend well beyond Mumbai. In 2013, he acquired a sprawling two-acre farmhouse in Panchgani, Maharashtra, for approximately ₹7 crore. The estate includes a main house and expansive green land, offering him a rural retreat from city life.

                      He has also invested in commercial real estate. In 2019, along with his former wife Kiran Rao, Khan bought four office units in Prime Plaza, Santacruz West, for ₹35 crore. Additionally, he owns a luxury mansion in Beverly Hills, California, reportedly valued at ₹75 crore, reflecting his global lifestyle footprint. Back in India, Khan holds ancestral property in Shahabad, Uttar Pradesh, where he co-owns 22 homes with his siblings. These homes were acquired from extended family members in 2012 and hold personal and heritage significance.

                      Experts suggest Aamir Khan’s decision to lease premium apartments instead of purchasing new property is a pragmatic choice given the prolonged timelines often associated with redevelopment. It allows for continuity in daily life without disrupting his work commitments or relocating out of his preferred locality. As real estate in Bandra continues to evolve, the actor’s strategic property moves highlight how even Bollywood’s elite are navigating the dynamic realities of Mumbai’s housing landscape—balancing legacy ownership with modern flexibility.

                      Bollywood Actor Aamir Khan Leases Four Premium Apartments In Bandra