Belicia Generates Over INR 200 Crores in Revenue in Q1; 80+ Units Sold

Belicia, a luxury residential project in Thane, has reported over INR 200 crores in revenue for Q1 FY 2024-25, following the sale of more than 80 units. The project, developed by Prescon Group and the House of Hiranandani, features a 48-storey tower and is expected to benefit from significant infrastructure improvements in the region.

Adani Realty Illuminates Projects for Ganesh Chaturthi Tribute in Mumbai

Adani Realty has unveiled an illuminated tribute to Lord Ganesha at its Views and Ten BKC projects in Mumbai for Ganesh Chaturthi. This initiative combines modern architecture with cultural significance, attracting attention from the local community and reinforcing the company’s commitment to community engagement.

Reliance Industries Among Key Clients as Interarch Building Products Secures Orders Worth INR 634 CR

Interarch Building Products Limited has secured new orders totaling INR 634 crore this financial year, with Reliance Industries among its key clients. The company’s total order book stands at INR 1,350 crore as of mid-September, reflecting strong performance across various sectors including automotive and renewables.

Phoenix Mills Subsidiary Declared Highest Bidder for Prime Mohali Plots

Phoenix Mills Limited has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. With a winning bid of approximately Rs. 891 crores, its subsidiary, Casper Realty, plans to develop a landmark retail-led mixed-use destination aimed at fulfilling the retail and entertainment needs of the Chandigarh Metropolitan Region.

Data Benchmarking Institutions Launched to Empower Indian REIT Investors

The Indian REITs Association has unveiled Data Benchmarking Institutions (DBIs), a significant initiative to improve transparency for investors in Real Estate Investment Trusts (REITs). In collaboration with SEBI, leading financial firms CareEdge, CAMS, and KFintech have developed platforms that provide standardized data and performance metrics, enabling investors to make informed decisions in India’s growing REIT sector. This move marks a crucial step in enhancing investor confidence and fostering market stability.