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Realty firm KW Group has acquired 1.5 acres of land in Ghaziabad, Uttar Pradesh, for Rs 134 crore through an auction to develop a housing project. In a statement on Thursday, the company said it has acquired a 1.5-acre freehold land parcel in Indirapuram, Ghaziabad, for Rs 133.98 crore (excluding stamp duty and registration charges). The parcel was acquired through an auction conducted by the local development authority. The company plans to develop an ultra-luxury residential project on the site, with a development potential of around 5 lakh sq ft. The project is backed by a Rs 150 crore commitment from ASK Property Fund, the real estate arm of Blackstone-backed ASK Asset & Wealth Management Group. Pankaj Kumar Jain, Director of KW Group, pointed out that there are not many luxury housing projects in Ghaziabad while the demand for such products is quite high. "ASK Property Fund's participation reflects confidence in both the location and our 27-year execution record. We will ...
HDFC Capital has partnered with realty firm DivyaSree Developers to set up a Rs 1,500 crore platform for building residential projects. In a statement on Monday, Bengaluru-based DivyaSree Developers said it has partnered with HDFC Capital Advisors Ltd to "establish an Rs 1,500 crore residential platform in India." The partnership will provide DivyaSree growth capital to support the acquisition and development of residential projects over the next three to four years with the potential revenue of Rs 6,750 crore. The projects would be developed in Bengaluru, Hyderabad and Chennai. Vipul Roongta, Managing Director and CEO, HDFC Capital, said, "India's residential real estate sector continues to offer strong opportunities for institutionally backed development, supported by sustained demand for high-quality housing across urban markets." DivyaSree Developers has a strong track record in real estate development, deep market understanding and a commitment to quality execution, he ...
Realty firm Ashiana Housing will invest Rs 1,000 crore this fiscal to buy land parcels for development of housing projects as part of its expansion plan, a top company official said. Listed entity Ashiana Housing is one of the leading real estate developers in the country. It specialises in building homes for elderly people. In an interview with PTI, Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties. To tap this demand, he said the company is expanding business across major markets including Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu. On land acquisition, Gupta said the company is continuously looking for land to develop regular group housing and also senior living projects. "We will be investing around Rs 1,000 crore this fiscal on land acquisition," he said, adding that the company has enough cash to fund the investment. The land acquisition would be outright as well as joint development with landowners. On sales book
Realty firm Embassy Developments Ltd is expecting a 73 per cent growth in sales bookings this fiscal year to Rs 8,000 crore as housing demand continues to be strong across major cities, a top company official said. In an interview with PTI, Embassy Developments Ltd Managing Director Aditya Virwani highlighted that the company performed well during 2025-26 with sales bookings rising 128 per cent to Rs 4,631 crore, slightly short of the annual guidance. He noted that the demand for well-designed and high-quality residential properties continues to be robust, especially for branded players having strong execution track record. About the outlook for the current fiscal year, Virwani said, "We are targeting Rs 8,000 crore worth of sales bookings in 2026-27." This includes Rs 2,000 crore worth of sales bookings or pre-sales in two housing projects that the company is building on a DM (development management) model, he added. In the two DM projects, the company would build as well as sell