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Della Group and Alfavision Overseas Announce Landmark Joint Venture for Hospitality Destination in Madhya Pradesh

In a significant development for the Indian hospitality sector, Della Resorts & Adventure Private Limited has entered into a strategic partnership with Alfavision Overseas (India) Limited to develop a sprawling integrated hospitality, adventure, and lifestyle destination in Madhya Pradesh. Announced on March 9, 2026, this joint venture is set to bring a world-class project to the state with an estimated Gross Development Value (GDV) of over ₹2,000 crore. The project will be developed on a substantial land parcel of approximately 220 acres in the Sehore district.

Project Highlights

  • Joint Venture / Development Partner: Della Resorts & Adventure Private Limited and Alfavision Overseas (India) Limited.
  • Project Location: Village Saras, Icchawar, District Sehore, Madhya Pradesh.
  • Land Area: Approximately 220 acres.
  • Development Potential: The project will feature a mix of hotels, luxury resorts, villas, branded residences, wellness facilities, an adventure park, and other recreational and non-residential components.
  • Estimated Revenue Potential: The indicative Gross Development Value (GDV) is over ₹2,000 crore.
  • Connectivity and Infrastructure: The development is poised to create a large-scale hospitality and lifestyle destination, leveraging the region’s potential for tourism and economic growth.
  • Nearby commercial hubs / residential catchment: The project’s strategic location in Madhya Pradesh is expected to attract visitors and residents from across the region.

About the Developer

Della Group, founded by entrepreneur Jimmy Mistry, is known for its innovative approach to real estate and hospitality. The company is pursuing an asset-light model, focusing on collaborations with landowners to develop integrated townships and lifestyle destinations. This strategy allows Della to leverage its expertise in conceptualisation, design, development, marketing, and operations. The group has an ambitious pipeline of projects across several Indian cities, including Pune, Goa, Nagpur, and Raipur, with a cumulative GDV running into thousands of crores.

Market Significance

This collaboration between Della and Alfavision is a testament to the growing investor confidence in Madhya Pradesh’s real estate and tourism potential. The development of such a large-scale, integrated destination is expected to significantly boost the local economy, create employment opportunities, and establish the region as a premier hospitality and adventure hub. For investors, this project signals a new wave of development focused on experiential and lifestyle-oriented real estate, a trend that is gaining traction across India.

About the Landowner

Alfavision Overseas (India) Limited, along with certain promoter group entities, owns the approximately 220-acre land parcel where the project will be developed. This strategic partnership allows Alfavision to unlock the value of its land holdings and participate in the creation of a landmark development. A Special Purpose Vehicle (SPV) is expected to be formed to manage the hospitality component, with the landowners holding a majority stake.

Conclusion

The joint venture between Della Group and Alfavision Overseas marks a pivotal moment for Madhya Pradesh’s hospitality landscape. This ambitious ₹2,000 crore project is set to redefine luxury, adventure, and lifestyle experiences in the region, creating a vibrant destination for tourists and a valuable asset for the state’s economy. The successful execution of this development will undoubtedly pave the way for more such large-scale, integrated projects in the future.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

Vaishnaoi Group and Prestige Group Announce Major Hospitality Expansion in Hyderabad with Two New Luxury Hotels

In a significant move to bolster Hyderabad’s luxury hospitality sector, the Vaishnaoi Group, in a strategic partnership with the Prestige Group, has announced the development of two new high-end hotels. This joint venture will introduce over 500 luxury rooms to the city, with the establishment of an Aloft by Marriott in Rajendra Nagar and an Oberoi in Raidurg, catering to the growing demand from both business and leisure travelers in these key commercial and IT hubs.

Project Highlights

  • Joint Venture Partners: Vaishnaoi Group and Prestige Group
  • Project Locations: Rajendra Nagar and Raidurg, Hyderabad
  • Development Scale: Over 500 luxury hotel rooms across two properties
  • Hotel Brands: Aloft by Marriott and The Oberoi
  • Connectivity and Infrastructure: The Rajendra Nagar location offers excellent connectivity to the international airport and major IT hubs. The Raidurg hotel is situated in the heart of the Financial District.
  • Nearby Commercial Hubs / Residential Catchment: The projects are strategically located to serve the burgeoning South and West Hyderabad corridor, as well as the bustling Financial District, which are home to numerous corporate offices and high-end residential areas.

About the Developer

The Vaishnaoi Group has a rich history in residential and commercial real estate development. This expansion into the hospitality sector is a natural progression of their expertise in creating high-value, modern spaces. This venture is a key part of their long-term vision to develop future-ready property assets that provide tangible value to customers and partners, further solidifying their presence in Hyderabad’s urban landscape.

Market Significance

This collaboration between Vaishnaoi Group and Prestige Group is poised to significantly enhance Hyderabad’s appeal as a global business and lifestyle destination. The addition of over 500 luxury hotel rooms will cater to the city’s rapidly growing corporate scene and increasing tourism. This development is expected to create numerous employment opportunities and further strengthen Hyderabad’s position in India’s competitive hospitality market, reflecting the city’s break-neck urban development and flourishing economy.

About the landowner

Details about the landowner for these specific hotel projects have not been publicly disclosed.

Conclusion

The joint venture between Vaishnaoi Group and Prestige Group to bring two globally recognized hotel brands to Hyderabad marks a pivotal moment for the city’s real estate and hospitality sectors. This strategic expansion not only addresses the current demand for luxury accommodation but also anticipates future growth, contributing to the city’s economic vitality and its reputation as a premier destination for business and leisure.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article, please email news@jvdeals.in

Puravankara Signs Major Joint Development Deal in Bengaluru for a Prime 4-Acre Project on Hennur Road

Leading real estate developer, Puravankara Group, has recently entered into a joint development agreement in Bengaluru to develop a 4-acre land parcel situated on the bustling Hennur Road. This strategic move is set to tap into the high-demand residential market of North Bengaluru, with the project carrying an estimated gross development value (GDV) of over INR 1,300 crore.

Project Highlights

  • Joint Venture / Development Partner: The project is a joint development, although the landowner’s details have not been disclosed.
  • Project Location: Hennur Road, Bengaluru.
  • Land Area: 4 acres.
  • Development Potential (Sq Ft): Approximately 0.84 million sq. ft. of saleable area.
  • Estimated Revenue Potential: Over INR 1,300 crore.
  • Connectivity and Infrastructure: Hennur Road is a well-established micro-market known for its robust infrastructure and excellent connectivity to key city hubs.
  • Nearby commercial hubs / residential catchment: The project is strategically located to cater to the sustained residential demand in North Bengaluru.

About the Developer

This new development is a part of Puravankara’s aggressive expansion strategy focused on strengthening its footprint in key Bengaluru micro-markets that exhibit strong infrastructure and consistent housing demand. This year, the company has been active in its acquisition drive, recently securing a 53.5-acre parcel in Anekal and a 24.59-acre plot at KIADB Hardware Park, collectively adding significant development potential to its pipeline. Another joint development on a 5.5-acre land in Balagere is also underway, highlighting the developer’s commitment to the Bengaluru market.

Market Significance

This joint development is a significant indicator of the continued confidence in Bengaluru’s real estate market, particularly in the northern corridor. For investors and homebuyers, this project promises a modern residential offering in a high-growth area. The deal also underscores the growing trend of established developers like Puravankara opting for joint development models to expand their portfolio and mitigate risks while ensuring faster project turnarounds.

About the landowner

Details about the landowner involved in this joint development agreement have not been made public at this time.

Conclusion

In conclusion, Puravankara’s latest joint development on Hennur Road is a noteworthy addition to Bengaluru’s real estate landscape. The project is well-positioned to meet the evolving demands of urban homebuyers and is expected to deliver significant value to both the developer and the local property market upon its launch in the next 6-12 months.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article, please email news@jvdeals.in

Raymond Realty Expands Mumbai Footprint with New Joint Development Project in Kandivali

Introduction

Raymond Realty, the real estate arm of the Raymond Group, has announced a new joint development agreement in Kandivali for a premium residential project in the well-connected suburb of Kandivali in Mumbai. This strategic partnership is set to deliver a landmark development with an estimated revenue potential of approximately ₹3,000 crore, further solidifying the company’s growing presence in the Mumbai Metropolitan Region.

Project Highlights

  • Joint Development / Development Partner: A joint development agreement has been signed with a local landowner.
  • Project Location: The project is strategically located in Kandivali, a prime residential hub in the Western Suburbs of Mumbai.
  • Land Area: While the exact land size has not been disclosed, it is a significant parcel for a large-scale residential development.
  • Development Potential (Sq Ft): The project will focus on premium residential apartments, though the total saleable area is yet to be announced.
  • Estimated Revenue Potential: The gross development value (GDV) for the project is estimated to be around ₹3,000 crore.
  • Connectivity and Infrastructure: Kandivali boasts excellent connectivity to major commercial hubs and social infrastructure, making it a sought-after residential destination.
  • Nearby commercial hubs / residential catchment: The project is situated in a location with a strong residential catchment and is well-connected to the commercial corridors of Mumbai.

About the Developer

This new joint venture in Kandivali marks Raymond Realty’s seventh joint development project in Mumbai, highlighting the company’s asset-light growth strategy. It is also their third project in the Western Suburbs of Mumbai, indicating a focused expansion in this high-potential market. Raymond Realty has been aggressively building its portfolio through such strategic partnerships, aiming to become a key player in Mumbai’s competitive real estate landscape.

Market Significance

This joint development is a significant move for the Mumbai real estate market, particularly in the Western Suburbs. It reflects the growing trend of established corporate houses like Raymond leveraging their brand equity in the real estate sector. For investors and homebuyers, this project promises a high-quality residential offering from a trusted name. The deal also underscores the viability of joint development models for unlocking land value and executing large-scale projects in land-scarce cities like Mumbai.

About the landowner

Details about the landowner have not been publicly disclosed by the developer at this stage.

Conclusion

The upcoming residential project in Kandivali is poised to be a significant addition to Raymond Realty’s portfolio and the real estate landscape of Mumbai’s Western Suburbs. This development, born out of a strategic joint venture, is expected to meet the growing demand for premium housing in the area and deliver substantial value to all stakeholders involved.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article, please email news@jvdeals.in

Birla Estates Enters in to 13 acre Joint Venture Deal in Gurugram with Barmalt India

Birla Estates Announces ₹5,000 Crore Luxury Housing Project in Gurugram. Birla Estates, the real estate arm of Aditya Birla Group, is expanding its presence in the Delhi-NCR region through a Joint Venture with a new luxury housing project in Gurugram. Birla Estate’s inks pact for Joint Venture in Gurugram with Barmalt India for 13-acre land in sector 31, Gurugram, NCR, Delhi.

Project Highlights:

  • Joint Venture: Developed in partnership with Barmalt India.
  • Location: Upscale micro market in Gurugram (Sector 31).
  • Land Area: 13.27 acres.
  • Development Potential: 2.4 million square feet.
  • Revenue Potential: ₹5,000 crore.
  • Connectivity: Excellent access to Cyber City, Golf Course Road, Sohna Road, and metro line.
  • Proximity: Close to commercial hubs, premium residences, schools, hospitals, and 5-star hotels.

Birla Estates’ Growth:

  • This project marks Birla Estates’ further expansion in NCR, adding to its existing presence.
  • The company has ongoing projects across Mumbai, Bengaluru, NCR, and Pune.
  • Birla Estates’ current development portfolio boasts a revenue potential of over ₹45,000 crore spread across 24.4 million square feet.

Overall Significance:

This new luxury housing project signifies Birla Estates’ commitment to developing high-end residential spaces in key Indian cities. Its strategic location and proximity to amenities position the project to attract significant investor interest.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

Brigade group Signs 7 acre JV Deal in Old Madras Road, Bengaluru

Brigade Group Announces New Residential Project in Bengaluru. Brigade Group, a leading real estate developer, has signed a Joint Development Agreement (JDA) for a premium residential project in Bengaluru. Brigade Group Signs 7 acre JV Deal in Old Madras Road, Bengaluru with local land owner.

Project Highlights:

  • Location: Prime location on Old Madras Road, Bengaluru, with lake frontage
  • Area: 6.9 acres
  • Development Potential: Around 0.8 million sq ft
  • Gross Development Value (GDV): Rs 720 crore
  • Project USP:
    • Proximity to popular areas like Indiranagar and Whitefield
    • Excellent connectivity to other parts of the city
    • Innovative design
    • Commitment to sustainability
    • Modern amenities for a contemporary living experience

Strategic Significance:

  • This project caters to the rising demand for spacious and well-equipped homes in Bengaluru.
  • The design and amenities align with Brigade Group’s focus on quality and resident experience.
  • The project strengthens Brigade Group’s presence in Bengaluru’s premium residential market.

Additional Information:

  • Brigade Group has a strong pipeline of new residential projects totaling 12.61 million sq ft across Bengaluru, Chennai, and Hyderabad.

This announcement reinforces Brigade Group’s commitment to developing high-quality residential projects in Bengaluru that cater to evolving customer needs and enhance the overall living experience.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

L&T Realty has Signed JV for Slum Rehabilitation Project in Thane with Jagdale Infrastructure

L&T Realty Partners for Slum Rehabilitation Project in Thane. L&T Realty has joined forces with Jagdale Infrastructure on a slum rehabilitation project in Thane’s Panchpakhadi area. L&T Realty has Signed a JV for the Slum Rehabilitation Project in Thane with Jagdale Infrastructure

  • Project Details:

    • Location: 12.2-acre land parcel in Panchpakhadi, Thane
    • Size: Over 3.12 million sq ft of total development potential
    • Rehabilitation Area: Minimum 12.7 lakh sq ft for slum dwellers
    • Free-Sale Area: Minimum 31.25 lakh sq ft for market sale
    • Timeline: 5 years
    • Profit Sharing: L&T Realty – 69%, Jagdale Infrastructure – 31%

  • Significance:

    • Improves living conditions for slum residents.
    • Expand L&T Realty’s presence in Thane’s growing market (established players include Oberoi, Rustomjee, and Hiranandani).
    • Contributes to Thane’s infrastructure development.

  • Financial Details:

    • Stamp Duty Paid: Rs 34.88 crore

  • L&T Realty’s Role:

    • Lead Developer
    • Design & Development
    • Construction
    • Marketing & Branding
    • Sales (Free-Sale Component)

  • Connectivity:

    • Easy access to Eastern Express Highway (EEH) and Thane Railway Station

  • Thane Market:

    • Residential property prices range from Rs 10,000 to Rs 25,000 per sq ft.

Overall, this project highlights L&T Realty’s commitment to social responsibility and its strategic expansion in the Thane real estate market.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

Shriram Properties Signs 4 Acre JV Deal in Yelahanka, Bengaluru

Shriram Properties Announces New Residential Projects in Bengaluru. Shriram Properties Limited (SPL), a leading South Indian developer, has announced two new residential projects in Bengaluru. Shriram Properties has signed 4 acre JV Deal in Yelahanka, Bengaluru to develop 270 apartment residential projects in Yelahanka, Bengaluru.

  • Location: Prime 4-acre land parcel in Yelahanka
  • Size: 270 apartments with ~3.8 lakh sq ft saleable area
  • Revenue Potential: Over Rs 250 crore
  • Timeline: Launch in H1-FY25, completion in 3 years
  • Highlights:
    • Easy access to Yelahanka and Bangalore International Airport
    • Close proximity to schools, healthcare, and retail

Strategic Significance:

  • These projects strengthen SPL’s pipeline and growth momentum.
  • The company has a strong pipeline of 47 projects with 51 million sq ft of saleable area.
  • SPL prioritizes quality and customer satisfaction with a proven track record of delivering 44 projects.

Management Commentary:

Murali Malayappan, CMD, SPL, highlighted the projects’ alignment with their growth strategy and focus on the Yelahanka micro-market due to its rising demand.

Overall, these announcements indicate Shriram Properties’ continued expansion in Bengaluru’s residential market.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

Supreme Court Issues Notice to Centre Gvt for GST on Joint Venture/ JV Deals/ Joint Development Agreement

Supreme Court Considers GST Applicability on Transfer of Development Rights in Real Estate. The Supreme Court of India is examining a petition challenging the Goods and Services Tax (GST) levied on the transfer of development rights within joint development agreements (JDAs) in the real estate sector. This case has significant implications for developers and landowners nationwide. Supreme Court Issues Notice to Centre Gvt for GST on Joint Venture/ JV Deals/ Joint Development Agreement.

 

Background:

  • A Telangana-based property developer filed a petition contesting the Telangana High Court’s decision upholding the 18% GST on development rights transfers.
  • The developer argues that GST on development rights amounts to double taxation, as works contract services under JDAs are already subject to GST.
  • Real estate developers have also expressed concerns about the impact of GST on rehabilitation apartments provided in redevelopment projects.

Key Points:

  • The Supreme Court has issued notices to the Union government, GST Council, and the Central Board of Indirect Taxes and Customs (CBIC) to respond to the petition.
  • The Telangana High Court previously ruled that JDAs are distinct from land sale agreements, making development rights transfers taxable under GST.
  • Developers argue that since land sales are exempt from GST, taxing development rights as part of the transaction creates project feasibility issues.

Supreme Court Order on GST on Joint Venture Agreement – JVDeals

 

Impact:

  • The outcome of this case will determine the GST treatment of development rights transfers in JDAs, impacting real estate transactions across India.
  • A decision in favor of the developer could lead to a revision of GST policies affecting JDAs and potentially reduce project costs.
  • Clarity on GST regulations will be crucial for stakeholders in the real estate sector, particularly in major cities like Mumbai, Pune, Bengaluru, Hyderabad, and Kolkata.

Arguments for Exemption:

  • Double Taxation: Experts argue that GST on development rights, alongside existing GST on works contract services, creates double taxation.
  • Land Sale vs. Development Rights: The SLP argues that JDAs involve transfers of development rights, not land itself, which is exempt from GST.
  • Project Feasibility: Developers fear the 18% GST will render many JDA projects financially unviable, particularly in major cities.

Current Status:

  • The Supreme Court has not issued a stay order, meaning GST on development rights remains applicable until the final judgment.
  • The next hearing is scheduled for September 9, 2024, after receiving responses from the government authorities.

Overall Significance:

This legal battle highlights the complexities of GST implementation in the Indian real estate sector. The Supreme Court’s verdict will influence future real estate transactions and development practices in the country.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

Oberoi Realty Enters into JV in Worli Mumbai to develop 12790 sq.mtr Land

Oberoi Realty has secured a Joint development agreement for a large-scale project in Mumbai’s affluent Worli area. Oberoi Realty Enters into JV in Worli Mumbai to develop 12790 sq.mtr Land in Adarsh Nagar, Worli, Mumbai.

Project Details:

  • The project encompasses the redevelopment of approximately 12,790 square meters of land in Adarsh Nagar, Worli.
  • Currently, the land is leased to the Maharashtra Housing and Area Development Authority (MHADA) and houses seven buildings with a total of 504 flats.
  • Oberoi Realty anticipates generating a free sale component of around 6.24 lakh sq ft upon project completion.

Financial Performance:

  • Despite a decline in sales bookings during the previous fiscal year (down 53% to Rs 4,007 crore), Oberoi Realty remains confident in its future prospects.
  • The company’s sales bookings for FY 2022-23 reached Rs 8,572 crore, demonstrating a significant recovery compared to FY 2021-22 (Rs 3,889 crore).
  • In FY 2023-24, Oberoi Realty successfully sold 705 units, generating a revenue of Rs 4,007 crore.

This new project signifies Oberoi Realty’s continued commitment to development projects in Mumbai and their focus on capitalizing on redevelopment opportunities. The project is expected to generate a substantial free sale component, potentially boosting their future sales figures.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in