Mahindra Lifespaces posts net profit of Rs 71.48 crore in Q4 FY24
Mahindra Lifespace Developers' net consolidated total income stood at Rs 54.60 crore, a dip of 79.80 per cent from Rs 270.26 crore it recorded in the similar quarter last year.
Mahindra Lifespace Developers' net consolidated total income stood at Rs 54.60 crore, a dip of 79.80 per cent from Rs 270.26 crore it recorded in the similar quarter last year.
Embassy REIT's net consolidated total income stood at Rs 9,922.26 million, a growth of 10.18 per cent from Rs 9,005.90 million it recorded in the similar quarter last year.
Provident Housing and HDFC Capital collaboration will add an additional 6.2 million sq ft of new residential projects with a combined gross development value (GDV) of Rs 17,100 crore.
RYP fund's portfolio has scaled up to 1.8 million sq ft gross leasable area (GLA) in Bengaluru and Gurugram. With this acquisition, RYP currently holds assets valued over Rs 2,500 crore.
Sumadhura Group plans to develop four residential projects on these sites - three in the east and one in south west Bengaluru over the next five years with an estimated potential of six million sq ft of saleable area.
The infusion of Rs 450 crore will primarily be allocated towards the development of a new luxury project in the heart of Bengaluru. A part of the funds will also be used towards Century Trails and Century Wintersun Phase II.
At ₹70,300 per sq ft, the deal set a new benchmark for the property market in the country's technology hub. "The deal was closed last week, and the property belonged to Arvind Reddy and Geeta Reddy.
In a statement, Brigade Enterprises said it has achieved pre-sales of Rs 6,013 crore in FY24 and Rs 2,243 crore in the fourth quarter of FY24 - the highest ever for both in terms of a quarter as well as financial year.
With an investment of around Rs 400 crore, Brigade Tech Boulevard will have a leasable area of 8.36 lakh sq ft spread across two towers.
The first quarter of the year saw record-breaking sales, with 74,486 apartments sold in the top seven markets. Mumbai, Bengaluru, and Pune led the way, with strong sales in the luxury and mid-income segments.
A Bengaluru Metro Rail Corporation Limited (BMRCL) official said, “This critical phase involves the excavation of 935 metres of tunnel between KG Halli and Nagawara, utilising advanced Tunnel Boring Machines named Tunga and Bhadra. Tunga.