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Macrotech Developers Plans Fundraising via QIP to Fuel Growth
Ajmera Realty’s Bengaluru project launch sees strong festive sales
In a landmark achievement, Ajmera Realty & Infra India (ARIIL) launched a residential project – Ajmera Iris in Electronic City, Phase 2, Bengaluru. ARIIL sold 59,000 sq. ft. out of 1,58,859 sq. ft in the project for value of Rs 60 crores, which represents about 37 percent of ARIIL’s inventory sold, achieved within a week of its launch following RERA registration.ARIIL has reinforced its industry leadership with impressive pre-sales for its latest project, Ajmera Iris, in Bengaluru’s sought-after Electronic City. The project offers a wide of range of lifestyle amenities for an enhance..
Godrej Properties wins 7.5-acre plot for luxury development in Gurugram
Godrej Properties (GPL) has secured a 7.5-acre plot on Golf Course Road, Gurugram, through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot offers a development potential of over 1.7 million square feet for luxury residential apartments, with an estimated revenue potential of Rs 5,500 crore. This marks the 11th project acquired by GPL in FY25, taking its total business development value to Rs 22,950 crore, exceeding its annual target of Rs 20,000 crore. GPL’s recent growth is highlighted by strong sales bookings, with a five-fold increase in net profit to INR 3..
Godrej Summit buyers awarded compensation for missing amenities in Gurgaon
Flat buyers of Godrej Summit in Gurgaon, including Ravikant Bansal, Vivek Talwar, and Deepak Dhody, were compensated after the builder failed to provide promised amenities. The buyers had booked a Rs 2 crore flat, which was marketed with specific features like a 24-meter wide road access and full utilities. However, the project had multiple lapses, including a 10.06-meter road, water tankers, and power generators instead of consistent services. In a ruling on October 11, 2024, the National Commission ordered the builder to refund the entire amount along with 9% interest. The commission noted t..
