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Tag: real estate developer

TVS Emerald acquires 10-acre land parcel in Bengaluru

TVS Emerald, a leading real estate developer, has acquired a 10-acre land parcel in Sathnur, Bengaluru. The new acquisition, with a development potential of 1.4 million sq. ft., is expected to generate Rs 1600 crore in revenue. With this addition, the company’s total revenue potential from land deals in FY 2024-25 has reached Rs 5300…

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Merlin Group executing projects worth Rs 20,000 cr, revenue to double in 7-8 years

Merlin Group, Kolkata’s largest real estate developer, is currently executing projects worth Rs 20,000 crore, which are expected to double its annual revenue over the next 7-8 years, a senior official said on Monday. The announcement coincided with the unveiling of the company’s new brand identity. “We have been growing steadily year on year for…

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Ashiana housing to double its annual senior living housing sales

Ashiana Housing, a listed real estate developer, aims to double its annual senior living housing sales to 1,000 units within four years, capitalising on the post-Covid surge in demand that has already boosted sales from 200 to 450–500 units per year.The company reported revenue of Rs 1,800 crore in FY 2023–24, marking a 50% increase…

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Sattva Group to invest Rs 12,000-14,000 crore in diversification over next three years

Real estate developer Sattva Group plans to invest Rs 12,000-14,000 crore in the next two-three years to diversify its portfolio and explore new markets. The company is also considering options such as fundraising and entering into platform deals across segments to fuel its growth, said its managing director Bijay Agarwal.“The funding for the initiative will…

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Sameera Group lines up Rs 500 cr for senior living

Real estate developer Sameera Group has earmarked ₹500 crore as investments over the next five years to set up 1,000 senior living homes across South India, the company said.For developing the senior living homes, city-based Sameera Group has signed a memorandum of understanding with Vedaanta Senior Living that aims to create high-quality senior living communities,…

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