Luxury Housing

BPTP Group seeks Rs 6,500 cr revenue from Gurugram luxury housing project

Located on a 12.05-acre land parcel along the Dwarka Expressway, the developer will invest around Rs 3,000 crore in the project, which will be developed in three phases

Merlin Group, Fashion TV to launch Rs 900 cr Kolkata luxury housing project

Kolkata-based real estate major Merlin Group has partnered with global lifestyle network Fashion TV (FTV) to introduce the city's first branded luxury residential project under F Residences. The Rs 900-crore project in Rajarhat-New Town aims to bring global luxury living standards to Kolkata, comparable to high-end residences in Poland, Bali, Dubai, Turkey, Bangkok, Singapore, and key Indian cities like Pune, Chandigarh, Mumbai, and Ludhiana, the Merlin Group said. Fashion TV will offer technical expertise in the project that aims to meet its latest global luxury trends in the project for an undisclosed license fee arrangement. "The key driver for this association is aspiration, not margins. It aligns with our vision to elevate urban living in Eastern India. Kolkata's aspirational homeowners are looking for globally inspired designs and amenities," said Saket Mohta, Managing Director, Merlin Group. This is Merlin's first branded luxury project, and the company is keen to explore .

Elan Group to invest Rs 3,000 cr for building housing project in Gurugram

Real estate company Elan Group on Tuesday said it will invest around Rs 3,000 crore to develop a new ultra-luxury housing project on Dwarka Expressway, Gurugram. The project 'Elan The Emperor', located in Sector 106, Gurugram, is a part of 50-plus acres township comprising residential apartments, branded residences, a high-end mall, a luxury 5-star hotel, and premium office spaces. In a statement, the company said the total investment to develop this project is Rs 3,000 crore. The new project will have nearly 600 units with a saleable area of around 29 lakh square feet. This will be the second project in this township. "Sector 106 along the Dwarka Expressway is rapidly becoming the newest focal point of Gurugram's urban transformation," Vineet Dawar, President - Sales & Strategy at Elan Group, said. Elan Group has on-boarded internationally acclaimed consultants to develop this project. SWA, a landscaping architect from the US, will create outdoor spaces while UHA London serves as

Emaar expects Rs 3,400 cr revenue from luxury housing project in Gurugram

Realty firm Emaar India is expecting around Rs 3,400 crore revenue from its newly launched luxury housing project in Gurugram. Emaar India, which is part of Dubai-based Emaar Properties, has recently launched a housing project 'Urban Ascent' in Sector 112, Gurugram. Emaar India CEO Kalyan Chakrabarti said the company will develop 816 apartments in this 9.2-acre luxury housing project. He said this project is under a joint development agreement (JDA) with land owners. "The total investment will be around Rs 1,600 crore to develop this green project," he said. The sales bookings value is estimated at around Rs 3,400 crore, Chakrabarti said. The company is selling apartments in a price range of Rs 2.5 crore to Rs 6 crore. The project will be completed in the next four-five years. Chakrabarti noted that housing demand continues to be strong in Delhi-NCR from end-users as well as investors. Gurugram-based brokerage firm V S Realtors founder Vijay Harsh Jha said the demand for the re

DLF sells 41% units of super luxury Dahlias project in nine weeks

Buyers now more involved in ultra-luxury housing, says DLF Home Developers Joint MD

Wealthy Indians tap into bathroom luxury with $18,500 smart toilets

India is emerging as a hotspot for Kohler, Toto and Hansgrohe, the German manufacturer renowned for its taps and showers

Max Estates sells luxury residential properties worth Rs 845 cr in Noida

Realty firm Max Estates Ltd on Friday said it has sold luxury residential properties worth Rs 845 crore in Noida amid strong demand. In a regulatory filing, Max Estates said its subsidiary Max Estates 128 Pvt Ltd has successfully launched the second phase of its residential project 'Estate 128' in Noida. "Building on the success of the first phase, the second phase has achieved a pre-sales booking value of Rs 845 crore within a week of its launch, and has surpassed the company's original guidance of Rs 800 crores as the booking value potential for this phase," Max Estates said. The company did not disclose the number of units it has sold for Rs 845 crore and the price per apartment. The project, combining both phases, now comprise four towers with 268 units, spanning 10 acres and a total booking value of about Rs 2,700 crore. Max Estates said it has already achieved a booking value of about Rs 5,000 crore in the first nine months of 2024-25. This performance is well within the ...

Gaurs Group sells nearly 200 luxury homes for Rs 1,300 cr at Greater Noida

Realty firm Gaurs Group has sold nearly 200 apartments in its new luxury housing projects in Greater Noida for Rs 1,300 crore amid strong consumer demand. Gaurs Group has launched a luxury residential project 'Legacy by Gaurs', comprising around 250 units, at Jaypee Greens, Greater Noida. "The first phase of the project has generated Rs 1,300 crore in sales, with nearly 200 apartments sold," the company said in a statement on Saturday. The project features spacious residences in two configurations: 3,500 sq ft and 4,700 sq ft, across four towers, comprising a total of about 250 apartments. Gaurs Group Director Sarthak Gaur said, "The overwhelming response to 'Legacy by Gaurs' is a true reflection of the trust and confidence homebuyers have in us. For over 30 years, we've focused not only on delivering homes but on creating long-term value for our customers." He said the group has delivered nearly 50,000 units in the last decade alone. Gaurs Group will invest about Rs 750 crore to

EIH unveils expansion plan with 20 properties, including a Nile cruiser

The company also outlined a robust expansion plan, with a pipeline of 20 properties to be completed by 2029. This includes 17 hotels, two luxury boats, and a Nile cruiser

Bollywood's tall storey: Mega deals drive real estate boom in India

Square Yards, a proptech firm, noted that when a celebrity acquires a property, commercial or residential, it tends to boost market sentiment surrounding that asset

Arkade Developers to invest Rs 570 cr on new luxury project in Mumbai

Realty firm Arkade Developers Ltd will invest Rs 570 crore to develop a luxury real estate project in Mumbai. The project "Arkade Rare" is spread over 3 acres and located at Bhandup West in Mumbai. The company will develop 432 residential units along with 43 commercial units. "The total construction area is approximately 7,25,000 square feet which will be developed in a single phase with an estimated sales value of Rs 760 crore," the company said in a regulatory filing on Monday. Amit Jain, Chairman and Managing Director, Arkade Developers Limited said the company is expanding its presence in the eastern suburbs of Mumbai. "With 'Arkade Earth in Kanjurmarg' and the under-construction 'Arkade Nest' in Mulund West, we're building a strong pipeline in this corridor. Arkade Rare in Bhandup West further solidifies our commitment to developing luxury, community living projects within the Kanjur-Bhandup-Mulund corridor," Jain added. Arkade Developers recently got listed on stock exchange

Luxury home sales surge 37.8% across top seven cities in Jan-Sept 2024

Overall, about 225,000 units were sold across the top seven Indian cities during the period, says CBRE

Shapoorji Pallonji Real Estate, Kanodia to develop 1.74 acre luxury project

Shapoorji Pallonji Real Estate (SPRE) has formed a joint venture with Kanodia Group's real estate venture Kreeva to develop a luxury residential project in Gurugram. The land is located at Sector 46, Gurugram. Spanning across 1.74 acres, the project will consist of luxury apartments, targeting homebuyers in the National Capital Region (NCR), the company said in a statement. Venkatesh Gopalakrishnan, Director Group Promoter's Office, MD & CEO, Shapoorji Pallonji Real Estate (SPRE), said, "We are excited to partner with KREEVA (Kanodia Real Estate Venture Arm) to bring our expertise in real estate development to Gurugram's Sector 46". This collaboration is in line with the company's vision of expanding its footprint in key markets across India, he said. "This is our second project in Gurugram, and we aim to create a landmark that will redefine the skyline of the location and provide an unparalleled living experience," Gopalakrishnan said. Gautam Kanodia, founder of Kreeva and ...

DLF sales jump over 3X to Rs 6,404 cr in Q1 on high demand for luxury homes

Realty major DLF's sales bookings jumped over three-fold to Rs 6,404 crore during the first quarter of this fiscal on strong demand for its luxury housing properties. The company had sold properties worth Rs 2,040 crore in the year-ago period. DLF has given guidance to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year as against nearly Rs 15,000 crore in the preceding year. According to its latest investor presentation, the company's sales bookings in the April-June quarter were driven by its luxury project 'DLF Privana West' at Sector 76/77, Gurugram that saw sales of Rs 5,600 crore. In its super-luxury housing project 'The Camellias' at DLF 5, Gurugram, the company sold 4 units for Rs 251 crore. On Thursday, DLF reported a 23 per cent increase in its consolidated profit to Rs 645.61 crore in the first quarter of this fiscal. Its net profit stood at Rs 527 crore in the year-ago period. Total income rose to Rs 1,729.82 crore during the April-J

Houses worth over Rs 4 cr record 27% growth in sales in Delhi-NCR: CBRE

The first half of 2024 witnessed a surge in the luxury housing market in the Delhi-NCR region, driven by affluent buyers, enhanced amenities, and major infrastructure projects, according to CBRE

Sale of Mumbai luxury homes, priced over Rs 10 cr, up 8% to Rs 12,300 cr

Demand for luxury homes, each priced Rs 10 crore and above, remained strong with sales rising 8 per cent in January-June to around Rs 12,300 crore, according to a report by India Sotheby's International Realty and CRE Matrix. Sales stood at Rs 11,400 crore in the first half of the 2023 calendar year. In the report, India Sotheby's International Realty and CRE Matrix noted that the surge at the high end of the market aligns with an ongoing bullish trend in residential property sales overall, reflecting the exuberance and confidence in the Indian economy. India Sotheby's International Realty, one of the leading transaction and advisory firms for luxury homes, and data analytics firm CRE Matrix released the report on Mumbai's luxury housing market (including both primary and secondary market) for the first half of this year on Thursday. Out of the total sales, the primary luxury segment saw sales worth Rs 8,752 crore while the secondary (resale) market saw record sales of over Rs 3,50

Amid high demand, real estate developers ramp up uber-luxury projects

Luxury home sales in India surged by 75 per cent last year

Ultra-luxury housing in India sees shift to ultra-customised marketing

Prestige Group, a leading real estate developer, is targeting ultra-luxury buyers using the "by appointment" method

LAUNCHING ELIXIR RESERVE 2: Luxury So Rare, You'll Wonder Whether It's Mumbai

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Real estate sector is looking to a smart future supported by technologies

The use of technology today comes into play right when a project is being designed, and goes on to assist in its customisation and maintenance