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Showing posts from October, 2024

Design Your Future: Build a Luxurious Villa with G Square Real Estate at Atlantis

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 Imagine the joy of designing your own villa in the vibrant city of Chennai! G Square Atlantis, a premier offering from G Square Real Estate , presents an exceptional opportunity to bring your dream home to life, located in the thriving neighborhood of Ambattur. This carefully planned community offers a perfect blend of luxury and convenience, allowing you to create a personalized sanctuary for you and your family in one of the most sought-after locations in the city. G Square Owner   Bala Ramajayam  gives you the chance to be part of this exclusive community and invest in a future filled with comfort and elegance. Build your future with G Square Real Estate: where every plot is a step towards your dream villa! Your Future Home Awaits G Square Atlantis offers 121 villa plots set on a sprawling 5.28 acres of lush landscape. Each plot varies in size, ranging from 617 to 2170 sq. ft., allowing you the flexibility to design a villa that perfectly suits your family's needs an...

Luxurious Bungalow in Delhi’s Sunder Nagar Fetches ₹100 Crore, Reflecting Premium Real Estate Trends

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 A luxurious 900-square-yard bungalow in Delhi's elite Sunder Nagar neighborhood has recently been sold for approximately ₹100 crore, underscoring the area's desirability among high-profile buyers such as leading lawyers and businessmen. Here are the key details regarding this notable real estate transaction: Sale Price : The bungalow was sold for nearly ₹100 crore, translating to around ₹11 lakh per square yard. Size : The property boasts a total built-up area of about 6,000 to 7,000 square feet, featuring a ground and first floor, as well as a barsati (an additional living space). Previous Transactions : Another bungalow in Sunder Nagar, owned by Sunil and Ravi Sachdev, was sold for approximately ₹96 crore. Earlier this year, former Attorney General Mukul Rohatgi sold a bungalow in the same area for ₹100 crore. In 2022, Ameera Shah of Metropolis Healthcare purchased a 9,896-square-foot bungalow in Sunder Nagar for ₹64 crore. Property Trends : Most bungalows in Sunder Nagar a...

ED Attaches ₹335-Crore Assets in Unitech Group Money Laundering Case

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  The Enforcement Directorate (ED) has taken significant action in the Unitech Group money laundering case by attaching assets worth ₹335 crore. These assets are linked to Unitech Group and a related company and have been seized under the Prevention of Money Laundering Act (PMLA). The assets include ₹319 crore in movable properties from Unitech International Realty Fund (UIRF) and ₹16 crore from Sahana Builders Private Limited. ED seizes ₹335 crore worth of Unitech Group assets under anti-money laundering law The case originates from investigations initiated following FIRs lodged by the Delhi Police and the Central Bureau of Investigation (CBI) against Unitech Limited. A 2019 Supreme Court order also mandated a deeper investigation into the financial irregularities. The ED claims that Unitech's promoters, Sanjay and Ajay Chandra, played a central role in diverting funds from homebuyers and investors, amounting to a total of ₹7,612 crore. Further, the ED's probe revealed that t...

India's GCC Boom: Over 1,800 Centers Lease 240 Million Sq Ft of Office Space Across Key Cities

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 India has emerged as a major hub for Global Capability Centres (GCCs), housing over 1,800 such centers that occupy more than 240 million square feet of prime office space across the top seven cities, according to a recent report by property consultancy JLL. These centers, set up by multinational corporations, handle various support functions such as IT, back-office operations, and customer relationship management. The rapid expansion of GCCs in India reflects the country’s strong infrastructure, skilled talent pool, and strategic location.           Over 1,800 GCCs in India lease 240+ million sq ft of office space across 7 major cities. Bengaluru leads the charge, accounting for 42% of the total office space leased by GCCs, followed by other key cities like Hyderabad and Chennai. These three cities together have absorbed 75% of the new space leased by GCCs in the past 18 months, reflecting their growing importance as business hubs. In the same period, GCCs...

Oberoi Realty Achieves ₹1,348 Crore in Luxury Home Sales in Thane Launch

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On October 21, 2024, Oberoi Realty, a prominent Mumbai-based real estate developer, announced impressive sales of luxury homes totaling ₹1,348 crore within just three days of launching its new housing project, Oberoi Garden City Thane. The project, which spans 75 acres, began bookings on October 18, and has already recorded a gross booking value of approximately ₹1,348 crore for 5.65 lakh square feet of carpet area. Mumbai-based Oberoi Realty announced the successful sale of luxury homes totaling ₹1,348 crore. The initial phase includes five residential towers featuring 3 BHK and studio apartments, with sizes starting from 1,475 square feet. Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, expressed gratitude for the strong customer response, emphasizing the project’s commitment to providing a luxurious living experience and setting new standards in Thane's real estate market. Oberoi Garden City Thane will offer over 30 amenities, alongside a 5-star JW Marriott Hote...

Elan Group Secures ₹1200 Crore Investment from Kotak Real Estate Fund to Expand in Gurugram

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 In a significant financial move, the Elan Group has secured an investment of ₹1200 crore from Kotak Real Estate Fund. This capital infusion is set to enhance Elan's presence in Gurugram’s thriving real estate market, supporting the company’s expanding portfolio of commercial and residential developments. The Gurugram-based developer views this investment as a pivotal moment in its growth strategy. Commenting on the deal, Akash Kapoor, Director of Elan Group, expressed enthusiasm about partnering with Kotak Real Estate Fund. "We are thrilled to collaborate with Kotak Real Estate Fund, which shares our vision for innovation and excellence in real estate. This funding is a milestone for us, empowering us to solidify our position in Gurugram and continue delivering outstanding real estate experiences." A stunning, futuristic entrance with illuminated canopies in a modern urban setting. Sandeep Agarwal, CFO of Elan Group, emphasized how this strategic investment will accele...