Real Estate Magazine

News Room

Ronit Bose Roy and Neelam Bose Roy Acquire Luxury Apartment in Versova, Mumbai

*Mumbai, July 9, 2024* – Renowned Bollywood actor Ronit Bose Roy and his wife Neelam Bose Roy have recently purchased a luxurious 4,258 sq ft apartment in the prestigious Lodha Versova complex. The property, located in the Versova district of Mumbai, was acquired for ₹18.94 crore, according to property registration documents accessed by IndexTap.com. The transaction, completed on June 10, 2024, involved a stamp duty payment of ₹1.13 crore and registration fees amounting to ₹30,000. The newly purchased apartment also includes four dedicated parking spaces within the building. Ronit Roy, celebrated for his roles in numerous television series and films, and his wife Neelam, marked their 20th wedding anniversary by renewing their marital vows in December of last year. The couple’s new residence is situated off Yari Road, a location favored by many Bollywood celebrities, with several prominent actors owning properties in nearby areas such as Andheri, Juhu, Khar, Bandra, and Lokhandwala. Information source IndexTap.

Ronit Bose Roy and Neelam Bose Roy Acquire Luxury Apartment in Versova, Mumbai Read More »

Tripti Dimri Purchases Bungalow in Mumbai’s Bandra West

Mumbai, June 8, 2024 – Renowned actress Tripti Dimri, acclaimed for her role in the film “Animal,” has made headlines with the purchase of a prestigious ground-plus-two-storey bungalow off Carter Road in the Bandra West district of Mumbai. The property acquisition, valued at ₹14 crore, was registered on June 3, 2024, as revealed by property registration data obtained from IndexTap.com. The bungalow, featuring a total area of 2,226 square feet of land and 2,194 square feet of built-up space, marks a significant investment for Dimri. The transaction included a stamp duty payment of ₹70 lakh and registration fees of ₹30,000. The property’s previous owners, Cedric Peter Fernandes and Margaret Annie Marie Fernandes, facilitated the sale. Dimri has been garnering widespread recognition, most notably for her performance alongside Ranbir Kapoor in Sandeep Reddy Vanga’s “Animal,” released in 2023. Her rising stardom was further affirmed by her recent inclusion in IMDb’s list of the top 100 most viewed Indian stars. In a recent development, Bollywood filmmaker Karan Johar announced the upcoming film “Dhadak 2,” with Tripti Dimri set to star, adding to the actress’s exciting career trajectory. For media inquiries, please contact: Indextap About Tripti Dimri Tripti Dimri is an acclaimed Indian actress known for her powerful performances in Bollywood films. She continues to capture the hearts of audiences with her talent and dedication to the craft.

Tripti Dimri Purchases Bungalow in Mumbai’s Bandra West Read More »

Shahid Kapoor Acquires Luxury Sea-View Apartment in Mumbai’s Prestigious Oberoi 360 West Project

Mumbai, May 29, 2024 – Renowned Bollywood actor Shahid Kapoor and his wife Mira Kapoor have made a significant investment in Mumbai’s luxury real estate market with the purchase of a high-end sea-view apartment in the esteemed Oberoi 360 West project located in Worli. The opulent apartment, measuring 5,395 square feet of RERA carpet area, was acquired for approximately ₹60 crore. According to registration documents accessed by IndexTap.com, the transaction, valued at ₹58.66 crore, was officially registered on May 24, 2024. The apartment, which includes three parking spaces, is situated on the higher floor of the prestigious high-rise constructed by Oberoi Realty. This marks the second property acquisition by the Kapoor family in this iconic development. The luxury apartment was purchased from Chandak Realtors Pvt Ltd. Chandak Realty had acquired this unit as part of a bulk deal in February 2023, where 28 apartments were purchased by D’ Mart owner Radhakishan Damani’s immediate family and close associates for a total sum of ₹1,238 crore. The Oberoi 360 West project is known for its exquisite design, prime location, and breathtaking views, making it one of Mumbai’s most sought-after addresses. The Kapoor family’s investment further underscores the growing demand for high-end residential properties in the city.

Shahid Kapoor Acquires Luxury Sea-View Apartment in Mumbai’s Prestigious Oberoi 360 West Project Read More »

101+ Land Deals for Approx. 2,989 Acres Closed in FY-24 Across Indian Cities

Mumbai, 21 April 2024: The residential segment continues to drive the Indian real estate market, which also reflects in the land deals it is generating. Amid all-time high residential demand, several large and listed developers and other entities continued to snap up land. Other than residential, commercial, retail, industrial and logistics & warehousing are also driving prime land deals in key locations across India. ANAROCK data indicates that various developers and entities sealed approx. 101 separate land deals in fiscal year 2023-24, cumulatively accounting for nearly 2,989 acres across the country. In contrast, FY-2022-23 saw 88 land deals for approx. 1,886 acres closed across various cities. “Interestingly, out of the total land deals in FY-24, over 83 deals for about 1,135 acres were closed in the top 7 cities alone”, says Anuj Puri, Chairman – ANAROCK Group. “The remaining 18 deals, accounting for over 1,853 acres, were sealed in various tier 2 and 3 cities like Ahmedabad, Ayodhya, Jaipur, Nagpur, Mysuru, Ludhiana, and Surat. Tier 2 & 3 cities have once again emerged as redoubtable growth engines, thanks to their rapidly improving infrastructure and growth opportunities.” Among land deals in the top 7 cities, NCR topped out with 29 deals for 313+ acres, followed by MMR with 19 deals for approx. 157+ acres. Notably, in terms of total land area, Bengaluru saw 14 deals for 490+ acres transacted – the highest among all top 7 cities. The number of deals in FY 2024 has risen significantly – from 88 deals for 1,886+ acres in FY23 to approx. 101 deals for 2,989+ acres in the current financial year. In terms of total area, around 58% more land has been purchased in the FY 2024 as compared to FY 23. “At approx. 4.93 lakh units, residential sales across the top 7 cities have created a new peak in FY2024,” adds Puri. “In particular, large and listed developers have seen very high sales, and it makes sense for them to buy land across prominent urban micro-markets. Resultantly, the previous financial year saw some very prominent land deals taking place.”   Proposed Developments Of the total land deals in FY-24, around 80 separate deals for approx. 2,252 acres are for proposed residential, plotted development & township projects. In the residential category, deals were closed in Pune, Bengaluru, MMR, Hyderabad, NCR, Chennai, Mysuru, Ayodhya, and Jaipur. Deals for proposed plotted development projects were sealed in cities like Sonipat, Nagpur, Surat and Ahmedabad, while township projects are slated in Ahmedabad, Bengaluru, Thane, Ludhiana and Ghaziabad. Commercial and retail together saw 4 separate deals for over 42 acres closed. Of these, 3 were for commercial developments – one each in Gurugram, Noida and Mumbai – and one retail deal was closed in Thane. At least 79 acres in 4 separate deals have been earmarked for mixed-use developments in cities including Pune, Mumbai and Ludhiana. Approx. 164 acres in 5 separate deals were closed for industrial, IT park, and logistics park in Gujarat, Chennai, Navi Mumbai, Nagpur, and Cuttack. Proposed Developments Area (acres) No. of Deals City Commercial 31 3 Gurugram, Noida & Mumbai Industrial 38 1 Gujarat IT Park 11 2 Chennai & Navi Mumbai Logistic Park 115 2 Nagpur & Cuttack Manufacturing 411.75 3 Bengaluru, Gujarat & Andhra Pradesh Mixed-Use 79 4 Pune, Mumbai & Ludhiana Plotted Development 481.5 4 Sonipat, Nagpur, Surat & Ahmedabad Residential 606.13 70 Pune, Bengaluru, MMR, Hyderabad, NCR, Chennai, Mysuru, Ayodhya, Jaipur, Retail 11 1 Thane Township Project 1164.33 6 Ahmedabad, Bengaluru, Thane, Ludhiana & Ghaziabad Educational 8.61 1 Gurugram Not yet Decided 31.52 4 Kolkata, Chennai, Karnala Village (Maharashtra) The top developers who bought land parcels for various developments in FY24 include Godrej Properties, Eldeco Group, Adani Realty, Signature Global, Oberoi Realty, DLF India, Prestige Group, K Raheja Corp, and Brigade Group, among others. Top Land Deals Across Cities Deal in Quarter Buyer City Approx. Size (in Acres) Proposed Development Q1-FY2024 ESR India Sanand (Gujarat) 38 Industrial Q1-FY2024 Birla Estates Bengaluru 28.6 Residential Q1-FY2024 Foxconn Bengaluru 300 Manufacturing Q1-FY2024 K Raheja Corp Mumbai 4 Residential Q2-FY2024 Prestige Group Mumbai 2.3 Residential Q2-FY2024 Godrej Properties Gurgaon 7.91 Residential Q2-FY2024 Arvind Smartspace Ahmedabad 204 Township Project Q2-FY2024 UK’s Malhotra group Ludhiana 300 Township Project Q3-FY2024 Eldeco Group Greater Noida 8.9 Residential Q3-FY2024 Greenscape IT Park Navi Mumbai 4 IT Park Q3-FY2024 ESR India Nagpur 58 Logistic Park Q3-FY2024 Mahindra Lifespaces Pune 5.38 Residential Q4-FY2024 DLF Homes Developers Gurgaon 29 Residential Q4-FY2024 Lodha Ayodhya 51 Residential Q4-FY2024 Brigade Group Chennai 16 Residential & Hospitality Q4-FY2024 Signature Global Gurgaon 20.32 Residential Source: ANAROCK Research

101+ Land Deals for Approx. 2,989 Acres Closed in FY-24 Across Indian Cities Read More »

Credtech Knowledge Platform successfully organizes PuneChapter; brings together commercial real estate sector leaders

This is the 8th chapter after widely-acclaimed platforms in Bengaluru, Hyderabad and Chennai. Three more chapters to be organized in 2024. April 12, 2024, Pune: Credtech Knowledge Platform, hosted a sparkling line-up of Pune’s commercial real estate sector leaders including developers, occupiers, experts and policy makers under the theme ‘The Future of Workspaces – Vision 2030’. ‘The Credtech platform brings together industry experts, interdisciplinary speakers and best practices across the globe, to drive change and the future of workspace. We are dedicated to cultivating a dynamic platform for convergence of ideas, content and expertise. After having organized successful conclaves in South India, we found Pune to be an exciting venue to take our journey forward,’ explains Sunanda Jaiprakash, Founder and MD, Credtech Knowledge Platform. Due to positive factors such as location, the presence of industrial and educational institutions, and overall quality of life, Pune has been seen as a long-term growth story. In 2023, the Pune commercial real estate market reported a gross absorption of approximately 6.4 million square feet (MSF), comparable to Mumbai’s absorption. During the Pune platform, Credtech and CIRIL released a whitepaper titled ‘An overview of Pune’s buoyant CRE market.’ Credtech’s Pune Chapter was graced by Shri Sharavan Hardikar, IAS, MD, Maharashtra Metro Rail Corporations Chief Guest. In his address, Hardikar said ‘Pune has huge growth potential for three distinct reasons. Firstly, it has a pleasant climate for most of the year. Secondly, it has abundant water resources. Finally, it has a great pool of talent that can be readily employed across industries. With public transport and infrastructure improving alongside favorable government policies, we have more reason to be optimistic.’ Investing in vision-2030 for Pune’s development A distinguished panel of CXOs comprising Shrinivas Rao-CEO Vestian, Jaydeep Wakankar- Country Leader Management & Finance, Veradigm, Vivek Rachh, Director – Corporate Solutions,Panchshil Reality and Vithal Suryavanshi-Partner,KotakReal Estate Fund addressed questions like: How do you assess Pune’s development over the last 5-10 years, what are the key drivers? What will be the growth triggers over the next 5-6years? How optimistic are you about investing and partaking in the city’s economic development? What remains to be done from a policy, infrastructure, city planning, technology side to ensure that the city achieves its potential? Sustainable Buildings-An outlook-2030 Durgesh Srivastava, Head – Tenant Advisory Group, C&W, Pune Area, Shailendra Potdar, OperationsProfessional-Facility,Property,Mall Management, KRaheja Corp,Neha Deosthale, Senior Director – Facilities and Admin at Principal Global Services, Leena Kurup – Head of Facilities Management at Globant, Pallav Agrawal, Vice President – Revenue COWRKS, Santosh Laxman Budhe, Director – Facilities, Procurement & Travel (India), Expleo Solutions Limited deliberated upon best practices for sustainable development – current scenario vs. future of commercial spaces. The confluence of eco-consciousness, technology, design, experiences emerged as a major theme. Alongside, there was a realisation that developers, occupiers and service providers must work collaboratively to develop sustainable solutions. A vision for a holistically developed Pune Ranjit Gadgil, Programme Director, Parisar spoke about imperatives of air pollution, road safety and sustainable mobility. Over the past decade Parisar has successfully campaigned with Pune’s policy makers to adopt a comprehensive bicycle plan, a pedestrian policy and urban street design guidelines. Parisar has provided inputs to policies such as the Transit Oriented Development (TOD) and Parking Policy. Upcoming Credtech Platforms Pune is the first Credtech platform in 2024. Credtech has plans to roll out events of similar scale during the rest of the year: • Bangalore: May31,2024 • Hyderabad: August30,2024 • Chennai: November22, 2024 For further information, please contact: Sridhar Chari, Associate Director, Credtech Knowledge Platform, +919820818334 sridhar@cred-tech.org

Credtech Knowledge Platform successfully organizes PuneChapter; brings together commercial real estate sector leaders Read More »

CREDAI Pune Metro orchestrated a remarkable D2C event 2024

Pune: Thursday April 4, 2024: CREDAI Pune Metro orchestrated a remarkable D2C event yesterday, a Game-Changer for the Real Estate Industry, leaving the real estate fraternity in awe. Supported by the Professional Realtors of Pune (PROP) and other brokers associations this event has set a new standard for collaboration and innovation said Darshan Chawla, President PROP. D2C aimed to bridge the gap between developers and realtors. By fostering direct interactions, it empowered real estate professionals to better serve homebuyers. The initiative recognizes the pivotal role realtors play in guiding buyers through the property purchase journey. Kishen Milaney, Chairman of PROP said, in 2023, the Indian real estate landscape experienced a transformation. Improved homebuyer sentiments led to higher housing registrations and contributed to a robust GDP growth rate. The industry’s focus on meeting homebuyers’ needs has been pivotal in shaping this positive trend. PROP’s commitment to social responsibility and consumer-centric initiatives positions it as a beacon of progress in Pune’s real estate sector. As we move forward, the D2C model promises to revolutionize the industry, benefiting both realtors and homebuyers alike, he added. In a significant move toward enhancing professionalism and accountability in the real estate industry, PROP the premier body of realtors in Pune initiated a drive to establish a Self-Regulatory Organization (SRO). The goal is to organize and streamline real estate services, ensuring transparency, ethical practices, and consumer confidence, added Darshan Chawla. A Self-Regulatory Organization (SRO) represents a specific segment of entities within an industry. It sets and enforces rules, standards, and codes of professional ethics for its members. Internationally and nationally, SROs play a crucial role in maintaining industry integrity and protecting consumer interests, said Kishen Milaney. In no time, interested realtors filled up the membership forms and showed their willingness to be part of the PROP SRO, for organizing realty and better client services. For PROP SRO membership contact +91 82620 81379

CREDAI Pune Metro orchestrated a remarkable D2C event 2024 Read More »

GET IN TOUCH
Scroll to Top