Ashiana Housing Announces Upscale “Nitara” Project on Jaipur’s Ajmer Road. Jaipur’s real estate scene gets a boost as Ashiana Housing unveils their newest project, Nitara, located on Ajmer Road. Ashiana housing signs JV Deal with Jaipur local developer KG Kothari Primehomes LLP to develop Residential project on 8 acre land at Ajmer Road, Jaipur.
Project Highlights:
- Developed by: Ashiana Housing (in a joint venture with KG Kothari Primehomes LLP)
- Location: Ajmer Road, Bhakrota, Jaipur
- Land Area: 8 acres
- Project Type: Upscale residential development
- Target Completion: Phase 1 & 1A – December 2028 (phased development)
Project Features:
- Modern Living Experience: Nitara promises to redefine upscale living in Jaipur, offering a luxurious and contemporary living experience.
- Revenue-Sharing Joint Venture: This project is a collaborative effort between Ashiana Housing and KG Kothari Primehomes LLP, a local developer, with a revenue-sharing model.
- Premium Amenities: Residents can enjoy a range of amenities including:
- Clubhouse
- Central garden with pedestrian zone
- Dedicated drop-off areas
- Sporting facilities (box cricket, badminton courts, lawn tennis court)
- Pool-facing cafe
- State-of-the-art gymnasium
Strategic Location:
- The project’s location on Ajmer Road ensures good connectivity within Jaipur.
This new project by Ashiana Housing caters to those seeking a luxurious and amenity-filled lifestyle in Jaipur. The collaboration with KG Kothari Primehomes LLP signifies Ashiana Housing’s commitment to the Jaipur 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
Delta Corp Makes Strategic Entry into Real Estate via Investment in Peninsula Land. Casino and hospitality giant Delta Corp has announced its foray into the real estate sector through a strategic collaboration with Peninsula Land (PLL). Delta Corp Inks JV with Peninsula Land to Entre into Real Estate
Key Points:
- Investment: Delta Corp to invest Rs. 100 crore in Peninsula Land through equity shares and compulsorily convertible debentures (CCDs).
- Joint Venture: Delta Corp and PLL propose a joint venture with a combined investment of Rs. 250 crore, with Delta Corp holding the majority stake and PLL acting as the development manager.
- Peninsula Land’s Strengths: Extensive experience across asset classes, strong operational performance, and a debt reduction track record of over 90% in the past five years.
- Delta Corp’s Vision: Leverage its financial resources and industry experience to capitalize on the growth potential of the Indian real estate market.
Peninsula Land’s Portfolio:
- Delivered over 10.6 million sq ft of real estate across key cities like Mumbai, Pune, Bangalore, and Goa.
- Diverse project range including affordable housing, luxury apartments, plots, and villas.
Benefits of the Collaboration:
- Provides Peninsula Land with growth capital for future projects.
- Allows Delta Corp to enter a high-growth sector and diversify its business portfolio.
- Combines Delta Corp’s financial strength with Peninsula Land’s development expertise.
Industry Outlook:
- Delta Corp views the Indian real estate sector as poised for significant growth due to factors like consolidation, rising demand, and customer preference for established brands.
Overall Significance:
This strategic partnership marks a significant development for both companies. Delta Corp gains a foothold in a promising new market, while Peninsula Land secures funding and a valuable partner for future projects. The collaboration is well-positioned to capitalize on the anticipated growth in the Indian real estate industry.
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
Roha Realty and Sabari Group inks JV Deals in Chembur, Mumbai’s MMR Region for Sustainable Luxury Living. Real estate giants Roha Realty and Sabari Group have announced a strategic partnership to develop premium residences in Chembur, Mumbai.
Project Highlights:
- Location: Chembur, Mumbai
- Developers: Roha Realty and Sabari Group (joint venture)
- Project Area: 6 lakh sq. ft.
- Estimated Revenue: Rs. 1,000 crore
- Target Launch: First quarter of FY 24-25
Project Focus:
- Redefining luxury living in Chembur
- Sustainable residences with modern amenities
Significance for Roha Realty:
- Solidifies their position as a key player in the MMR
- Underscores their commitment to Chembur with additional projects planned
Collaboration Benefits:
- Combines Roha Realty’s expertise with Sabari Group’s experience in premium housing
- Aims to achieve excellent customer satisfaction
Company Quotes:
-
Harshvardhan Tibrewala, Director, Roha Realty:
- “This collaboration marks the beginning of a long-term relationship.”
- “We are excited to work with Sabari Group and combine our strengths to deliver exceptional living spaces.”
-
Surinder Sharma, Founder and Senior Partner, Sabari Group:
- “This partnership leverages the strengths of both companies for project success.”
- “We are committed to on-time delivery, customer service, and sustainable development.”
This joint venture in Chembur signifies a significant development in Chembur’s real estate landscape. The focus on sustainable, high-end living caters to a growing demand for quality housing in the area.
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
Ashwin Sheth Group executed a JV Deal in Kandivali, Mumbai to develop a Luxurious Mixed-Use Development. This Joint Development Deal in Kandivali Mumbai has been done between K Hemani and Ashwin Sheth Group and promises a luxurious living experience.
Project Highlights:
- Location: Kandivali West, Mumbai
- Land Area: Over 2.02 acres
- Project Type: Mixed-use development (residential and potentially retail)
- Phase 1: EDMONT Aurelia – Three towers with 51 stories each
- Apartment Options: Spacious 2, 3 BHK configurations
Key Features:
- Emphasis on Open Spaces and Greenery: Over 60% of the project area is dedicated to creating a haven of tranquillity with expansive open spaces and verdant landscaping, drawing inspiration from the nearby Manori Creek.
- Curated Amenities: The project promises a superior lifestyle with a range of well-designed amenities to cater to residents’ needs.
- Strategic Location: EDMONT boasts excellent connectivity to South Mumbai via major roads like S.V. Road and Link Road. It also provides easy access to commercial hubs like Malad, Goregaon, and Andheri.
- Upmarket Living: Ashwin Sheth Group aims to elevate Kandivali’s image by offering high-end living options and a luxurious lifestyle experience.
Quote:
- Mr. Ashwin Sheth, Chairman and Managing Director, of Ashwin Sheth Group, states, “EDMONT is more than just a residential project; it’s a transformational journey for Kandivali. We are committed to elevating Kandivali into an upmarket suburb in Mumbai. Our focus is on creating a superior lifestyle as well as curated amenities to enhance lifestyles.”
This new development signifies the Ashwin Sheth Group’s commitment to providing luxurious living spaces with modern amenities in well-connected locations.
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, a leading real estate developer, has signed a Joint Venture Deal in Yelahanka, Bengaluru with Krishna Priya Estates and Micro Labs to develop a new residential project in Yelahanka, Bengaluru.
Project Highlights:
- Location: Yelahanka, Bengaluru
- Land Area: Approximately 14 acres
- Construction Area: Nearly 2 million sq ft
- Project Focus: Quality, sustainability, robust infrastructure, and seamless connectivity
- Estimated GDV (Gross Development Value): Rs 2,100 crore
Brigade Group’s Expansion:
- Added approximately 42 acres of land across Bengaluru, Hyderabad, and Chennai in Q2 FY24.
- Plans to launch projects covering nearly 13 million sq ft in the next four quarters.
- 11 million sq ft of the planned projects will be residential with an estimated cost of Rs 11,000 crore.
Quote:
- Pavitra Shankar, Managing Director, Brigade Enterprises Ltd.:
- “We will create a wonderful residential development worthy of the marquee location. We anticipate the project to yield a revenue realisation of Rs 2,100 crore on completion.”
Overall, this joint venture signifies Brigade Group’s continued investment in Bengaluru’s residential market. The project is expected to offer high-quality, sustainable living spaces upon completion.
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
Mahindra Lifespaces Cancels Dahisar Project, Faces Penalty for Air Pollution Violation. Mahindra Lifespaces has scrapped its plans for a joint development project on a 4.8-acre land parcel in Dahisar, Mumbai. Mahindra Lifespaces cancels Joint venture deal in Dahisar, Mumbai.
- Reason for Cancellation: Significant delays in fulfilling certain regulatory clearances and approvals.
- Project Details (announced in Oct 2021):
- Location: Dahisar East, Mumbai
- Size: ~5 lakh sq ft of carpet area
Separate Regulatory Filing:
Mahindra Lifespaces also received a penalty notice of Rs 4.6 lakh from Pimpri Chinchwad Municipal Corporation for alleged non-compliance with air pollution control regulations at a construction site (location not specified in the report).
Previous Announcement:
In October 2021, Mahindra Lifespaces announced finalizing terms for this project, which was expected to contribute significantly to their Mumbai residential portfolio.
Overall:
This news highlights the challenges faced by developers due to delays in obtaining clearances and the importance of adhering to environmental regulations at construction sites.
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
R-Tech Group, a prominent Commercial property developer in NCR and Rajasthan, has announced a new Commercial Joint Venture Deal in Beawar, Ajmer with MNS Infratech. R-tech Group plans to construct a high street commercial complex through a commercial Joint venture Deal in Beawar, Ajmer with MNS Infratech.
Project Highlights:
- Project Type: Glorious High Street Market (similar to the Bikaner project)
- Developers: R-Tech Group and MNS Infratech
- Location: Amrit Kaur Hospital Road, Beawar, Ajmer
- Project Type: Retail high street and office spaces
- Land Area: Approximately 2,280 sq. mtr
- Gross Development Value (GDV): Approximately Rs 200 crore
Strategic Significance:
- Meeting Market Needs: The project aims to address the rising demand for high-quality commercial spaces in Beawar, including retail space for medium and large businesses and office space for professionals seeking premium work environments.
- Prime Location: Strategically situated on Amrit Kaur Hospital Road, the project benefits from high visibility and accessibility, making it attractive to potential tenants and buyers.
This new commercial complex adds to R-Tech Group’s impressive portfolio and signifies its commitment to shaping the Beawar commercial landscape by offering top-tier workspaces for the city’s growing workforce.
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
Shyaswa Developers Debuts in Luxury with Landmark Project in Ahmedabad. Real estate developer Shyaswa Developers has announced its grand entry into the luxury segment through a joint venture with the established Bakeri Group. Shyaswa Developers signs Joint Venture Deal in Ahmedabad with Bakeri Group
Project Highlights:
- Location: Western Ahmedabad
- Developers: Shyaswa Developers and Bakeri Group
- Significance:
- First luxury project for Shyaswa Developers
- Sets a new standard for luxury living in Ahmedabad
- Represents a strategic collaboration between two industry leaders
Project Vision:
- The project aims to be a unique architectural masterpiece that redefines luxury living in Ahmedabad.
- It will symbolize the rich cultural heritage of the western part of the city.
Quotes:
- Shyaswa Developers: “Our projects will be a testament to the synergy of two industry leaders, creating a living experience that’s truly unique.”
- Pavan Bakeri, Bakeri Group: “Our collaboration with Shyaswa Developers reflects our shared vision for exceptional living spaces. This high-rise building promises to redefine luxury and culture in Ahmedabad.”
Additional Information:
- The name of the project and other specific details are yet to be revealed.
- Shyaswa Developers’ name itself reflects their focus on cultural heritage (“Shyaswa” meaning something of that nature).
This joint venture marks a significant development in Ahmedabad’s real estate market, with a new player entering the luxury segment and promising a project that blends modern living with cultural heritage.
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
Real estate developers Kosmos Developers and West Avenue Realty have signed a Joint Venture Deal in Dadar West, Mumbai. Both real estate developers have joined forces to launch a high-end residential project named Eirene in Dadar West, Mumbai.
Project Highlights:
- Location: Post Office Marg, Dadar West (opposite Senapati Bapat Road), Mumbai
- Building: 18-storey tower
- Apartments: Spacious 800 sq ft carpet area 2 BHKs (only 2 per floor)
- Amenities: Automatic parking tower, gym, garden, and terrace lounge
- Sea View: Opulent apartments on higher floors offer stunning city and sea views
Strategic Location:
- Easy access to Tulsi Pipe Road and Dadar railway station (walking distance)
- A short drive (5 minutes) to Siddhivinayak Mandir and Shivaji Park
- Excellent connectivity to Lower Parel and BKC business districts
Target Audience:
- Residents seeking an upgrade within Dadar and Matunga
- Senior professionals seeking a convenient location near their workplaces
Developer Quotes:
- Rakesh Singh, Managing Director, Kosmos Developers:
- Emphasizes commitment to exceeding customer expectations and building high-quality projects.
- Highlights focus on leadership, ethics, and excellence in customer service.
- Saumitra Bhatkhalkar & Vaibhav Kanabar, Co-founders, West Avenue Realty:
- Reiterate focus on developing projects aligned with market trends.
- Eirene exemplifies their commitment to providing quality, affordable luxury housing.
- Express confidence in Dadar’s real estate potential and plan to explore further premium projects.
- Acknowledge the rising demand for luxury apartments in prime locations.
Eirene promises luxurious living with modern amenities in a well-connected and established area of Mumbai. This project is likely to attract significant interest from Dadar residents and professionals seeking a convenient and upscale lifestyle.
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
NeoLiv Gears Up for Major Expansion in Delhi-NCR and Mumbai Real Estate. NeoLiv, a new residential real estate venture, is embarking on an ambitious growth plan. Led by Mohit Malhotra, former MD and CEO of Godrej Properties, NeoLiv aims to develop around 10 million sq ft of housing projects across Delhi-NCR and Mumbai. NeoLiv will Expand through Joint Venture in Delhi-NCR and Mumbai
Key Highlights:
- Project Pipeline:
- 5 group housing projects
- 5 plotted developments
- Total development potential: 10 million sq ft
- Targeted Locations: Noida, Gurgaon, Goregaon, Chembur, Vikhroli, Borivali (and others)
- Funding: Securing $150 million (including a $60 million green-shoe option) to become a top 15 developer by net worth
- Equity Backing: ₹1,200 crore
- Development Model: Asset-light development management model (unique in residential real estate)
- Focus: Providing quality homes for the middle-income segment
- Equity Partners: Eight, including wealth and alternatives firm ‘360 One’
- Post-possession Services: Maintenance and facility management
Current Stage and Future Plans:
- Negotiations for several JDAs (Joint Development Agreements) with landowners in Delhi-NCR and MMR are in advanced stages, with potential signings expected within 2-3 months.
- Aim to secure 7-8 JDAs by the end of the fiscal year, totaling 10 million sq ft of development potential.
- Launch at least two residential projects in the next financial year – around 1,000 units in NCR and 800 units in Mumbai.
Significance:
NeoLiv’s unique model and focus on middle-income housing position them to be a major player in the Delhi-NCR and Mumbai real estate markets. Their strong financial backing and experienced leadership team suggest a promising 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
