Arkade Developers Raises ₹122.40 Crore Ahead of IPO

Arkade Developers Ltd has successfully raised Rs 122.40 crore from anchor investors in advance of its initial public offering (IPO). The company has set a price band of Rs 121-128 per share for the Rs 410-crore IPO, which will be open for public subscription from September 16 to September 19. The raised funds will be used for ongoing and future real estate projects, acquisitions, and general corporate purposes.

Over 75,000 Applications Received for MHADA Mumbai Board Lottery

The Mumbai Board of MHADA has announced that it has received over 75,000 applications for its 2024 housing lottery. The final deadline for application submission and earnest money deposit is September 19, 2024, with the lottery draw scheduled for October 8, 2024. The lottery includes 2030 residential units across various income groups.

Top Malls in India Revealed

GeoIQ has published its report on the top 25 malls in India by footfall for the first quarter of FY 24-25. The leading malls include Vegas Mall in Delhi, V3S East Centre Mall in Delhi, and Phoenix Marketcity in Greater Mumbai. The report provides detailed insights into daily visitor numbers, highlighting a decline in footfall during the early months due to rising temperatures.

TREVOC Group Launches Ultra-Luxury Residential Project in Gurugram, Targets INR 1000 Crore Revenue

TREVOC Group has launched its ultra-luxury residential project, TREVOC Royal Residences, in Gurugram’s Sector-56, with a projected revenue of INR 1000 crore. The 27-story development features 172 high-end apartments, a world-class clubhouse, and a Skydeck with panoramic views. This project continues TREVOC’s 75-year legacy of combining luxury, innovation, and sustainability in prime real estate locations.

Microsoft Buys 2nd Land Parcel for Rs 453 Crore in Pune

Microsoft has strengthened its presence in India by acquiring a 66,450 square meter land parcel in Pune’s Hinjewadi area for Rs. 453 crore. This marks Microsoft’s second major land purchase in Pune within the past month. The investment supports the company’s strategy to expand its commercial real estate and data center operations in India. Microsoft’s recent acquisitions align with its broader goal of increasing its footprint in the Indian market, following similar deals in Pimpri-Chinchwad and Hyderabad. Additionally, Microsoft’s ADVANTA(I)GE INDIA initiative aims to train 2 million people in AI and digital skills by 2025.