Arvind SmartSpaces enters Vadodara's real estate scene with a massive Rs 700 crore horizontal housing project on Ajwa Road, marking its 23rd venture in Gujarat. CEO Priyansh Kapoor eyes more launches in Gujarat, Bengaluru, and Mumbai MMR amid booming market optimism. This pre-launch plotted development spans 100 acres with plots from 1500 sq.ft., starting at Rs 47.5 lakhs.
Shriram Properties signed Joint Development Agreement for premium residential project in Chennai's Koyambedu with revenue potential of ₹350-400 crores.
Mumbai-based Rustomjee Group explores two joint development proposals for 100-acre township projects in Pune, marking expansion beyond Mumbai Metropolitan Region next year.
Godrej Industries partners with Godrej & Boyce and Godrej Properties to develop Vikhroli property via a new SPV, potentially before the Urban Land Ceiling Act is repealed.
Real estate firms are engaging in joint developments amid a significant drop in apartment sales and rising inflation, with experts predicting rising land values in select areas.