The transaction was officially registered in April 2026, adding to the list of high-value real estate deals in Mumbai’s premium micro-markets.

Property Details: Godrej Trilogy, Worli

As per the registration documents:

• Project: Godrej Trilogy, Worli
• Carpet Area: 2,430.06 sq. ft. (225.76 sq. m.)
• Total Area: 2,750.28 sq. ft. (255.51 sq. m.)
• Parking: 3 car parking spaces
• Transaction Value: ₹29.70 crore
• Stamp Duty Paid: ₹1.78 crore
• Registration Charges: ₹30,000

The property is located in one of Mumbai’s most sought-after luxury residential developments, known for its premium amenities and strategic location.

Why Worli Remains a Top Luxury Real Estate Destination

Worli continues to attract high-net-worth individuals (HNIs) and celebrities due to its unmatched connectivity and lifestyle appeal.

Key advantages of the locality include:

• Seamless connectivity via Bandra-Worli Sea Link
• Access to Annie Besant Road and Western Express Highway
• Proximity to business hubs like BKC, Lower Parel, and Nariman Point
• Close to premium schools, hospitals, fine dining, and retail centres
• Scenic sea-facing views and luxury high-rise developments

Over the years, Worli has evolved into a prime residential and commercial hub, blending urban sophistication with strategic location benefits.

About Shreya Ghoshal

Shreya Ghoshal is one of India’s most acclaimed playback singers, known for her versatility and classical foundation.

• Rose to fame after winning Sa Re Ga Ma Pa
• Made Bollywood debut with Devdas (2002)
• Popular for songs like “Bairi Piya”
• Has sung across multiple languages including Hindi, Bengali, Tamil, Telugu, and Malayalam
• Recipient of multiple National Film Awards

Her investment in Mumbai real estate reflects a continued trend of celebrities opting for luxury properties in prime micro-markets.

Growing Trend of Celebrity Real Estate Investments

Mumbai’s luxury housing segment has seen increased activity from celebrities and HNIs, driven by:

• Stable long-term asset value
• Premium lifestyle offerings
• Strategic connectivity
• Strong resale and rental potential

High-value transactions like this further reinforce Worli’s position as a preferred luxury destination in Mumbai.

The Bottom Line

Shreya Ghoshal’s ₹29.70 crore apartment purchase in Worli highlights the continued demand for ultra-luxury homes in Mumbai, particularly in well-connected, premium neighborhoods.

With strong fundamentals and aspirational appeal, areas like Worli are expected to remain hotspots for high-value real estate investments.

Also Read: Homes Below Rs 50 Lakh A Hit In India.

The post Shreya Ghoshal Buys ₹29.7 Crore Luxury Apartment in Mumbai’s Worli appeared first on Square Feat India.

The transaction was executed and registered on December 15, 2025, making it one of the most significant high-value residential deals in Bandra during the year. The property was developed by S Raheja, a name synonymous with premium residential developments in Mumbai.

A “Villa in the Sky” in One of Mumbai’s Prime Addresses

Often described as a “villa in the sky,” the penthouse stands out for its expansive private terraces, double-height living spaces, and a level of scale and privacy that remains rare in Mumbai’s dense urban fabric. Such large-format homes are increasingly scarce, particularly in established neighbourhoods like Bandra.

The residence features a RERA carpet area of 4,583 sq. ft., translating to an effective price of approximately ₹1.37 lakh per sq. ft. This places the transaction among the top-tier residential price points recorded in the Bandra luxury housing market.

Prominent Business Family Behind the Acquisition

The penthouse has been acquired by members of the Singh family, founders of Alkem Laboratories Ltd., highlighting a growing preference among India’s leading business families for bespoke, low-density residences in legacy locations. For ultra-high-net-worth buyers, Bandra continues to offer a rare combination of prestige, connectivity, lifestyle amenities, and long-term value.

Bandra’s Luxury Market Shows Continued Resilience

As Mumbai’s residential real estate market moves into 2026, the Evergreen penthouse transaction underscores the resilience of the luxury housing segment, particularly for one-of-a-kind homes that offer exclusivity, generous living spaces, and prime locations.

Industry observers note that while overall market activity remains driven by end-users, trophy assets in established neighbourhoods continue to attract discerning buyers willing to pay a premium for rarity and enduring appeal.

Also Read: Preity Zinta buys Bandra Home for Rs 17 Cr

The post Alkem Laboratories Founder Family Buys ₹62.81-Crore Ultra-Luxury Penthouse in Bandra appeared first on Square Feat India.

Prime Property Purchase in Elysian by Oberoi Realty

Both apartments are located in Elysian, a luxury residential tower developed by Oberoi Realty, a well-known name in Mumbai’s high-end housing segment.

According to registration documents:

• Both apartments have a RERA carpet area of 163.59 sq. m. (1,760 sq. ft.)
• Each includes one dedicated car parking space
• Transactions were registered separately but within the same project

Why Goregaon East? A Booming Luxury Micro-Market

Goregaon East has rapidly transformed into a premium residential hub due to its:

• Excellent connectivity via:
  • Western Express Highway
  • Jogeshwari–Vikhroli Link Road (JVLR)
  • Goregaon Railway Station
  • Expanding Mumbai Metro network
• Proximity to commercial hubs such as Andheri, Powai, and BKC
• Access to lifestyle and entertainment zones, including Oberoi Mall and Film City
• Upcoming infrastructure projects like the Goregaon–Mulund Link Road, which are expected to boost property prices further

With strong social amenities, corporate parks, and green surroundings, the locality has emerged as a preferred address for professionals, business families, and celebrities.

Transaction 1: Apartment Bought for ₹8.40 Crore

The first apartment purchased by Subhra Sen is valued at ₹8.40 crore.

Key Details:

• Carpet Area: 163.59 sq. m. (1,760 sq. ft.)
• Parking: 1 car park
• Stamp Duty: ₹42.02 lakh
• Registration Charges: ₹30,000

The pricing reflects the premium positioning of Oberoi Realty’s luxury inventory in Mumbai’s western suburbs.

Transaction 2: Another Apartment for ₹8.49 Crore

The second transaction shows a purchase worth ₹8.49 crore, also within the same Elysian tower.

Key Details:

• Carpet Area: 163.59 sq. m.
• Parking: 1 car park
• Stamp Duty: ₹42.49 lakh
• Registration Fees: ₹30,000

The slightly higher price indicates floor variation or better view positioning within the building.

Project Insights: Elysian’s Strong Market Demand

As per Square Yards Data Intelligence:

• 172 units in Elysian have been registered so far
• Total transaction value: ₹1,715 crore
• Average price: ₹47,641 per sq. ft.

Oberoi Realty projects typically command premium pricing due to high construction quality, amenities, and brand value.

Who is Subhra Sen?

Subhra Sen, mother of actress and former Miss Universe Sushmita Sen, is a renowned jewellery designer known for her artistic craftsmanship. Coming from an Air Force background, she has played a pivotal role in shaping Sushmita’s values, confidence, and creative outlook.

Her refined aesthetic and grounded philosophy have contributed significantly to Sushmita’s journey as a celebrated public figure.

Also Read: Sonu Sood Sells Mahalaxmi Apartment for ₹8.10 Crore

The post Actress Sushmita Sen’s Mother Subhra Sen Buys Two Luxury Apartments Worth ₹16.89 Crore in Mumbai’s Goregaon East appeared first on Square Feat India.

Mumbai is on the cusp of a historic urban transformation as the city’s Bandra waterfront emerges as India’s most iconic luxury real estate destination. Dubbed ‘Bandra Bay’ by the developer fraternity, this upcoming waterfront belt near Bandra–Kurla Complex (BKC) is expected to unlock over ₹1 lakh crore in development potential, according to an exclusive report jointly released by Lighthouse Luxury and CRE Matrix.

The report, “Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment,” was unveiled by Ashish Shelar, Minister for Information Technology and Cultural Affairs, Government of Maharashtra, at an event in Mumbai.

The landmark analysis positions ‘Bandra Bay’ as India’s answer to Dubai’s Palm Jumeirah and Singapore’s Marina Bay, with 8 million sq. ft. of premium residential and retail development in the pipeline.

140 Acres of Luxury: Mumbai’s Own Palm Jumeirah Moment

The ‘Bandra Bay’ master plan spans over 140 acres, set to transform Bandra Reclamation into Mumbai’s most exclusive bay-side luxury destination.

The report identifies nine key growth drivers behind the rise of Bandra Bay — including strategic location, elite exclusivity, iconic architecture, global demand, sustainability-led design, and unmatched connectivity.

According to CRE Matrix data, Mumbai’s premium waterfront homes already command a 15–20% price premium. Bandra Bay, with its limited curated supply and ultra-luxury positioning, is expected to outperform existing luxury hubs like Juhu and Worli. The BKC submarket has already recorded a 3.6% CAGR in luxury housing sales, compared to the Mumbai average of 2.2%.

Connectivity: The Backbone of Bandra Bay’s Transformation

The report highlights that Bandra Bay’s evolution is built on unprecedented infrastructure investment — ₹2,62,889 crore since 2002, spanning 649 km of projects like the Coastal Road, Sea Link, Metro (Yellow & Aqua Lines), Atal Setu, expressways, and proximity to Mumbai International Airport and the upcoming Bullet Train.

This multi-modal connectivity positions Bandra Bay as a central, well-linked urban hub — offering quick access to BKC, South Mumbai, and key commercial corridors. The BKC office district, just 10 minutes away, is projected to add 7 million sq. ft. of Grade A office space in five years, driving demand for nearby luxury housing. The report estimates that around 8,000 CXOs will require luxury homes by 2030, further tightening supply.

Rising Price Premiums and Developer Interest

Waterfront homes in Mumbai typically command a 15–20% price premium. The upcoming Bandra Bay stretch is projected to hit price levels of ₹1.2 lakh per sq. ft., with potential for significant appreciation — much like Worli, where prices are 46% higher than Bandra West.

Major developers are already onboard, including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group, among others, signalling large-scale mixed-use developments.

Voices from the Ground: Leaders Speak

Ashish Shelar, Minister for Information Technology and Cultural Affairs, Government of Maharashtra:

“This region of Bandra is poised to redefine Mumbai’s urban narrative. The Bandra–Kurla catchment could be transformed into a world-class township integrating infrastructure, culture, and innovation. Mumbai, as a city of international stature, is becoming the landmark of global living, working, and leisure.”

Sanjeev Jaiswal, Vice President & CEO – MHADA:

“The Bandra Bay development represents a leap forward in Mumbai’s urban evolution. Planned under the Cluster Development framework, it’s more than a real estate initiative. It is a blueprint for inclusive urban renewal, integrating wider roads, open spaces, and future-ready connectivity. The upcoming tunnel to the Bullet Train station and direct waterway links will further anchor ‘Bandra Bay’ as a sustainable, world-class township.”

Dr. Niranjan Hiranandani, Chairman, Hiranandani Group:

“Bandra Bay redefines luxury living at the confluence of Mumbai’s key corridors. With curated architecture, sweeping bay views, and modern amenities, this region will become Mumbai’s next icon for premium living — where time, mobility, and lifestyle converge.”

Sumesh Mishra, Founder, Lighthouse Proptech:

“At Lighthouse Luxury, we are proud to have coined the term ‘Bandra Bay’ and reimagined this coastline as a global destination. Bandra Bay is not just a location — it is a movement. It will be the most desired address in India, attracting ultra HNIs, NRIs, and global investors seeking a truly iconic lifestyle.”

Abhishek Kiran Gupta, CEO, CRE Matrix:

“Our data shows that Bandra Bay will emerge as Mumbai’s most valuable waterfront asset. Limited curated supply, elite demand, and unparalleled infrastructure synergy will drive sustained capital appreciation. Bandra Bay stands as the symbol of India’s real estate evolution.”

Bandra Bay: The Next Chapter in Mumbai’s Luxury Evolution

With its strategic location, robust infrastructure, and unmatched luxury positioning, Bandra Bay is poised to become the most aspirational address in India, rivaling global waterfront capitals. It represents not just a real estate story but Mumbai’s emergence as a global city, where finance, culture, and coastal grandeur converge.

Also Read: Bandra luxury flat sold to Toppr Promoter for ₹41 Crore

The post 🏙️ ‘Bandra Bay’ Set to Make Mumbai the ‘Waterfront Capital’ of India with ₹1 Lakh+ Crore Development Potential appeared first on Square Feat India.

A Towering Statement of Luxury

The luxurious apartment, located on the 61st floor of Tower A, boasts a massive 17,384 sq. ft. of usable space, making it one of the most significant residential deals in Mumbai’s prime real estate market. The property also includes the privilege of eight dedicated car parking spaces.

360 West, situated on Annie Besant Road in Worli, is known for its opulence and breathtaking views of the Arabian Sea. It is one of Mumbai’s most coveted residential addresses, attracting high-profile buyers and corporate magnates.

Hefty Stamp Duty and Registration Details

The acquisition came with a substantial stamp duty of ₹7,04,14,000, underlining the magnitude of the deal. The transaction was completed through a transfer deed registered under document number 6192/2025.

Leadership Behind the Purchase

The Zydus Family Trust, managed by Pankaj R. Patel, Sharvil P. Patel, and Pritiben P. Patel, is at the helm of the transaction. Pankaj R. Patel, son of the Zydus Lifesciences founder, currently serves as the chairman of the pharmaceutical giant. The trust’s decision to invest in this premium property underscores their strategic asset diversification approach while also solidifying their presence in Mumbai’s elite residential market.

Mumbai’s Luxury Real Estate Still Shines

Despite recent stagnation in the broader real estate sector, this high-value transaction showcases the enduring allure of luxury properties in Mumbai. Experts believe that landmark deals like this signify the continued appetite for prime real estate among India’s corporate elite, even amid market uncertainties.

With the registration completed just days before Gudi Padwa, the purchase highlights the cultural belief in making significant investments on auspicious occasions. As the real estate market watches closely, this deal is set to make waves among luxury property enthusiasts and market analysts alike.

Also Read: Oberoi Realty to acquire residential premises in Three Sixty West Valued at Rs 4k Cr

The post Zydus Family Trust Acquires Ultra-Luxury Apartment at Mumbai’s 360 West for ₹200 Crore appeared first on Square Feat India.

The project, which is located in one of Mumbai’s most coveted neighborhoods, is a low-density, boutique offering designed for a select group of buyers. Positioned as a tribute to Bollywood icon Late Dilip Kumar, ‘The Legend by Ashar’ blends heritage with modern luxury, attracting buyers seeking a unique combination of nostalgia and sophistication.

The sales achievement follows a record-setting transaction for a 9,527-square-foot triplex apartment, which was sold to Apco Infratech Private Limited at Rs 1.81 lakh per square foot, marking one of the highest-value deals in Mumbai real estate this year. Further transactions at ‘The Legend by Ashar’ have maintained a high market value, with the average price per square foot reaching Rs 1.71 lakh.

In a statement, Ajay Ashar, Chairman and Managing Director of Ashar Group, highlighted that the sales milestone reflects the strong resilience of Mumbai’s luxury real estate market. He emphasized that the project’s success is a result of Ashar Group’s focus on creating spaces that combine quality, exclusivity, and timeless appeal.

The RERA-certified project offers three unique types of residences: The Estate (3,200 sq. ft. apartments with panoramic windows and open floorplans), The Duets (3,400 sq. ft. vertical villas), and The Bungalows (3,700 sq. ft. residences with private garden access). The development also includes premium amenities, such as a state-of-the-art fitness center, a temperature-controlled swimming pool, and concierge services.

While the project has already set a high benchmark for luxury real estate in Mumbai, it also signals the continued growth of the city’s high-end market. The success of ‘The Legend by Ashar’ could further fuel interest in boutique luxury developments across the region.

Also Read: Repo Rate Unchanged – Housing Set for Festive Season

The post Ashar Group’s Luxury Project ‘The Legend by Ashar’ Crosses Rs 500 Crore Sales Mark in 15 Months appeared first on Square Feat India.

The surge in high-value transactions was particularly notable, with properties priced above Rs 2 crore making up 22% of all registrations. This marked an increase from 18% in October 2023, reflecting a shift in buyer preference towards more premium properties. In contrast, the share of registrations for properties priced below Rs 50 lakh decreased significantly from 27% in the same month last year to just 20% in October 2024, indicating a growing trend of mid-to-high-end property investments.

Key Insights from Industry Leaders

Prashant Sharma, President of NAREDCO Maharashtra, attributed the spike in property registrations to the alignment of auspicious festivals like Navratri and Diwali, which traditionally drive property investments in India. The festive period provided an ideal environment for high-value purchases, and this has contributed to the positive sentiment surrounding Mumbai’s real estate market. Sharma expressed confidence that this momentum would continue, further boosting buyer confidence and contributing to economic growth in the state.

Rajeev Ranjan, Co-Founder & CEO of The Mentors Real Estate Advisory Pvt Ltd, highlighted that the seasonal upturn in registrations showcases Mumbai’s strength as a premium investment destination. He emphasized that the surge in registrations is not just a reflection of market activity but also signals a more sophisticated, long-term approach by buyers, who see real estate as a key wealth-building asset.

Anil Mutha, Chief Visionary & Co-Founder of Nandivardhan Group, pointed out that the shift toward higher-value properties is a positive trend, signaling a maturing market where homebuyers are increasingly focused on location, lifestyle, and amenities. The demand for these types of properties is encouraging for developers, as it reflects a transformation in the market toward more aspirational living spaces.

Vedanshu Kedia, Director of Prescon Group, noted that the increased demand for properties priced above Rs 2 crore highlights a shift in buyer preferences toward premium, amenitized living experiences. This trend underscores the growing aspirations of Mumbai’s buyers, who are prioritizing quality, lifestyle, and long-term value in their investments.

Rohan Khatau, Director of CCI Projects, echoed this sentiment, stating that the surge in premium property registrations is driven by economic stability and a growing desire among buyers for aspirational living. The reduction in demand for lower-value properties, he said, points to a broader trend where homebuyers are looking to make long-term investments that improve their quality of life.

Govind Krishnan Muthukumar, Managing Director & Co-founder of Tridhaatu Realty, commented that the continued rise in property registrations, particularly in the high-value segment, signals renewed confidence among homebuyers. This growth reflects strong market fundamentals, and with infrastructure advancements on the horizon, Muthukumar expects this trend to continue, benefiting both developers and consumers alike.

A Resilient Market

October’s property registration numbers underscore the resilience and vitality of Mumbai’s real estate market. The shift towards higher-value properties and the sustained demand for premium housing signal a maturing market, where homebuyers are increasingly prioritizing quality and long-term value. The festive season, marked by Dussehra and Diwali, played a significant role in stimulating market activity, and this positive momentum is expected to continue into the final quarter of 2024.

As the city’s property market evolves, it is clear that Mumbai is maintaining its status as one of India’s most lucrative and resilient real estate markets, catering to a growing base of aspirational buyers looking for more than just a home—but a lifestyle that aligns with their evolving needs and aspirations.

Also Read: Mumbai’s Property Market Shows Resilience with Rising Registration Figures and Revenue

The post Mumbai Property Registrations Surge by 22% in October 2024, Driven by Festive Demand appeared first on Square Feat India.

3-Wheeler cargo vehicles powered by Log9’s InstaCharge battery technology will boost the fleet operations of Pi Beam while also reducing carbon emissions for last-mile delivery

Bengaluru-based advanced battery technology start-up Log9 Materials has partnered with Chennai-based startup Pi Beam to empower the last-mile delivery operations of the latter using Log9’s flagship InstaCharge battery technology. The partnership was finalized recently with an MOU signed between the two companies; both Log9 and Pi Beam believe that their partnership will go a long way in reducing the carbon footprint of the logistics sector and is a step forward in fighting climate change.

As a part of this collaboration, Log9 Materials will deliver a large number of Rage+ RapidEV electric 3-Wheeler fleets powered by Log9’s RapidX batteries that InstaCharge (get fully charged from 0 to 100 per cent) within 35 minutes. Notably, the Rage+ RapidEV has been developed jointly by Omega Seiki Mobility and Log9 Materials, keeping in mind the unique requirements of Indian consumers and is powered by Log9’s RapidX 6000 battery.

Log9’s InstaCharge battery technology will empower Pi Beam’s fleets to have more uptime, efficiency, and better return on investment vis-à-vis their last-mile delivery operations. Furthermore, data-driven analytics from these RapidEV fleets will enable them to optimize their route planning for hyper-local last-mile deliveries. The partnership also brings Pi Beam under the aegis of Log9’s responsible Delivery Movement initiative, a first-of-its-kind initiative in India to fight against climate change by working proactively to reduce last-mile delivery emissions. The objective of Responsible Delivery Movement is to accelerate India’s e-mobility adoption and bring down India’s transportation and logistics emissions intensity by up to 33% by 2030.

Speaking on the partnership, Dr. Akshay Singhal, Founder & CEO, Log9 Materials said, “We are happy to partner with Pi Beam to empower their delivery operations with the Rage+ RapidEVs electric 3-wheelers powered by Log9’s battery packs and InstaCharge technology. We are confident that this partnership will go a long way to give an impetus to the transformation of India’s conventional last-mile logistics operations to sustainable electric mobility. This is also in line with Log9’s initiative of Responsible Delivery Movement, and moreover, this partnership strengthens our movement and re-affirms our joint commitment to fight against climate change by reducing last-mile delivery emissions.”

Pi Beam offers end-to-end micro-mobility sustainable EV solutions along with data-driven analytics, particularly to augment productivity in last-mile logistics and transportation space. Their smart, green, and affordable EVs fleets are revolutionizing transport and customer deliveries in e-commerce, retail, and small and medium businesses.  On the other hand, Log9 has leveraged its cell-to-pack competency to develop its InstaCharge batteries that provide 9x faster charging, 9x better performance, and 9x battery life. Log9’s InstaCharge technology brings down the total charging time which further optimizes the utilization of charging infrastructure and operational profitability for fleets. In addition, Log9’s RapidX batteries are built to operate across -30° to 60° C and come with an operational life of 15,000+ cycles, thereby providing a seamless experience and entirely revolutionizing the last mile logistics sector.

About Log9 Materials

Log9 is an indigenous deep-tech and advanced battery-tech startup that is redefining the EV industry’s standards in the fight against climate change, by offering batteries that can be charged 9x faster, can last 9x longer and offer 9x higher performance and safety. It is the only Indian company today that holds in-house competencies ranging from electrode materials to cell fabrication to battery packs. Log9’s sole purpose and mission are to pioneer Responsible Energy, and through its initiative, the Responsible Delivery Movement, Log9 is leading an industrywide consortium of OEMs, Aggregators, End Users, and other stakeholders to raise awareness about the threats of climate change and is mobilizing the first and last-mile delivery ecosystems to combat it. Furthermore, with an eye on the changing transportation and logistics industries, Log9 is investing heavily in the research and development of Aluminum Fuel Cells that will power long-haul commercial vehicles of the future. Log9 is funded by leading VCs like Sequoia and Exfinity Ventures and strategic investors such as Amara Raja Batteries and Petronas (Malaysia).

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By Varun Singh

Network for People of Construction, CLUBNPC, the non-profit organisation of Construction, Real estate and infrastructure industry organised its first annual conference, AAGAAZ 2022 in Pune. The Conference highlighted the issues of the industry and articulated the views and concerns of industry.

CLUBNPC is an initiative to bring all the key stakeholders of the construction industry on a single platform ranging from architects, interior designers, engineers, builders, and contractors. ‘CLUBNPC‘ is the focal point and platform for the Construction industry professionals to network, communicate and support each other on the issues that impact the businesses. It has grown in strength and credibility as a reliable entity with over 3500+ professionals across the country and are growing strength to strength. It has strong presence in all the four zones of the country.

CLUBNPC has also emerged as a huge knowledge sharing platform and organised more than 100 workshops for professionals to build new relationships and establish connections with like-minded professionals.

Speaking on the occasion, Yogesh Jagatramka, President CLUBNPC said, “It is a moment of great pride for us to organise our first event. We would like to make CLUBNPC to be voice of India’s construction industry. From influencing policy to encouraging debate, engaging with policy makers, CLUBNPC would articulate the views and concerns of industry. Its key purpose is to build a strong relationship with members of construction fraternity.”

Renowned Architect Mr. Ravi Gadre was the Chief Guest during the occasion. In his address, he highlighted that architect should build according to the need of the customers. 

The event was attended by construction industry luminaries including Ar. Pradeep Giri, Er. Sameer Deodhar, Er. Rohan Karkare, Ar. Omkar Samudra, Dr. Yogesh Kumar, ID Rajni Shinde, NPC Club President – ID Yogesh Jagatramka, Vice President – Ar. Karan Arora, Secretary – ID Amit Shah, Ar. Rohit Jain Mohammad Parvez, Ashish Bughra, ID Ritu Marwah, Mayur Mangal and others were present on the occasion.

The experts from across the country including builders, architects, interior designers, PMC engineers, contractors, suppliers and manufacturers attended the event.

The winners of the design competition held across the cities were also awarded at the occasion. The event witnesses the signing of no of MoUs (Memorandum of understanding) along with panel discussions, experts’ sessions, cultural events and followed by the oath to make CLUBNPC as the industry’s voice and build it as a strong fraternity.

Also Read: 5 Tips to keep in Mind before Investing in a Luxury Property

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By Varun Singh

Residential real estate has been on a steady and resilient growth trajectory, especially in the last quarter. Despite the shadow of uncertainty cast by the third wave, the segment continued to witness a surge in demand and sales. This is evidenced in a recent report which indicates a 71% rise in quarterly housing sales compared to last year. We are optimistic that the rising aspiration for homeownership and favorable market forces will help sustain the sector’s growth momentum. This, in turn, will positively impact the country’s economic development. The same is reflecting in our quarterly sales performance.

We would like you to take note of our key operational updates for Q4FY22:

A.  Key Sales highlights

• Sales FY22Total sales volume of 3.52 msft with a total sales value of INR 2406 Crore; clocking highest ever sales value for the company since inception.Sales volume from under-construction inventory up by 51% in comparison to FY21

• Sales Volume Q4FY22 – Area sold stood at 1.19 msft, up by 20%, compared to 0.99 msft in Q4FY21

• Sales Value Q4FY22 – Sales value stood at INR 829 Crore, up by 10%, compared to INR 753 in Q4FY21

• New Launches – Of the 6 projects launched during the year, 4 projects were launched in Q4; Tree Haven, Provident Winworth, Purva Southbay and Sparkling Springs

~~First plotted project by the Group in Chennai market (Purva Southbay) was sold out in 48 hours from launch

B. Debt and cash flows – Cash flow remained healthy during the quarter resulting in net debt reduction.

C.     Performance Summary:

Other matters: AIF – The Company’s wholly owned subsidiary received approval from the SEBI for an INR 750 crore, category II fund, under the Alternative Investment Fund (AIF) guidelines, 2012.

Also Read: Lodha launches its Lifesciences Hub at Palava with Encube Ethicals as their first client

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