Shriram Properties acquires four acre land parcel in Bengaluru
Shriram Properties will develop a residential project encompassing around four lakh sq ft of aggregate saleable area. This project has revenue potential of over Rs 250 crore.
Shriram Properties will develop a residential project encompassing around four lakh sq ft of aggregate saleable area. This project has revenue potential of over Rs 250 crore.
The investment amount was Rs 200 crore and it has achieved 1.8x multiples of capital invested with an IRR of approx 20%.
The final notice was issued on March 27, stating, “Upon several intimations through notices, no serious compliance was observed. Hence, it is being recommended to KSPCB for further necessary action in accordance with the provision of the Environment (Protection) Act 1986…”
The builder must submit the occupancy certificate and khata certificate to the sub-registrar while registering the sale deed.
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.