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Realty firm Ashiana Housing Ltd expects Rs 350 crore revenue from its new housing project in Jamshedpur. The Company has launched a housing project 'Ashiana Amaya' at Dobo (New Jamshedpur) to expand business amid strong housing demand. The project, spread across 3.86 acres with a saleable area of about 4.64 lakh sq ft, will be developed under a joint venture model. The upcoming project, comprising 230 homes, is expected to generate sales realisation of around Rs 350 crore. The company will sell units at a price starting at Rs 1.34 crore, according to a statement. The company will complete this project by December 2029. The investment will be funded through a mix of self-funding and customer advances. Delhi-based Ashiana Housing Ltd, one of the leading real estate developers in the country, has a portfolio of over 55 projects. It also focuses on development of senior living projects.
Hyderabad, Bengaluru, and Chennai together have seen a 47 per cent increase in sales of residential properties during the July-September period, despite an overall marginal fall in demand across eight major cities, according to PropTiger. Housing sales in three major southern cities -- Hyderabad, Bengaluru, and Chennai -- stood at 38,644 units during the September quarter, up 47 per cent from 26,284 units in the year-ago period. Real estate consultant PropTiger, which has recently been acquired by listed entity Aurum PropTech Ltd, data showed that the sales of residential properties in Hyderabad grew 53 per cent to 17,658 units from 11,564 units. In Bengaluru, the housing sales rose 18 per cent to 13,124 units from 11,160 units. Housing sales in Chennai more than doubled to 7,862 units during the July-September period this year from 3,560 units in the corresponding period of the preceding year. Overall, India's top-eight primary housing markets (first-sale) saw a 1 per cent declin
Delhi-NCR's primary housing market saw an average increase of 24 per cent annually during the July-September period due to better demand, especially for luxury homes, according to Anarock. Real estate consultant Anarock data showed that the average price of residential properties across Delhi-NCR at Rs 8,900 per sq ft during July-September from Rs 7,200 per square foot in the year-ago period. Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad are major markets in Delhi-NCR. Overall, across seven major cities of India, the consultant mentioned that the housing prices rose 9 per cent to Rs 9,105 per sq ft from Rs 8,390 per sq ft. Among seven cities, Delhi-NCR saw the maximum rise of 24 per cent. Mumbai Metropolitan Region (MMR) remained the most expensive housing market. Housing prices in MMR rose 6 per cent to Rs 17,230 per sq ft from Rs 16,300 per sq ft. In Bengaluru, the prices appreciated by 10 per cent to Rs 8,870 per square foot from Rs 8,100 per square foot. The prices o
Max Estates Ltd has acquired a 7.25-acre land in Gurugram to develop a housing project with an estimated revenue of Rs 3,000 crore, as the company intends to expand business amid strong demand. In a regulatory filing on Saturday, the company informed that the board has approved acquisition of Base Buildwell Private Limited (BBPL). Base Buildwell is a special purpose vehicle holding licence and development rights over the 7.25-acre land parcel located at Sector 59, Golf Course Extension Road in Gurugram. "The outlay associated towards the transaction is expected to be around Rs 534 crore, comprising the acquisition of 100 per cent of the share capital of BBPL on a fully diluted basis comprising 10,000 equity shares of Rs 10 each and 24,17,256 compulsorily convertible debentures of Rs 100 each, and project-level payments toward security deposit, purchase of Transferable Development Rights, and related approvals," the company said. The estimated development potential on this land is