Rustomjee Wins Rs 45 Billion GTB Nagar Redevelopment
Keystone Realtors Ltd, the Bengaluru based developer behind the Rustomjee brand, has secured a Letter of Acceptance to overhaul GTB Nagar in Sion, Mumbai, in partnership with the Maharashtra Housing and Area Development Authority (MHADA). Occupying about 11.19 acres, the project will rehouse more than 1,400 families and unlock roughly 2.07 million square feet of saleable area.Keystone estimates the scheme’s gross development value at about Rs 45.21 billion, with free saleable space expected to generate over Rs 45 billion in revenue. The redevelopment underscores the com..
Prestige Unveils Rs 33.5 Billion Pallavaram Gardens
Bengaluru‑based developer Prestige Group has launched Prestige Pallavaram Gardens, a large residential community on Chennai’s Pallavaram–Thoraipakkam Radial Road. With a gross development value of about Rs 33.5 billion, the 21.84‑acre scheme is set to become a marquee address in the fast‑growing corridor. The master plan provides 2,069 premium homes across 2‑, 3‑ and 4‑bedroom layouts, offering a combined saleable area of roughly 3.1 million square feet. Residents will benefit from easy access to key transport arteries and major employment hubs along th..
Tamil Nadu Sets Compensation For Parandur Airport Land
The Tamil Nadu government has approved the compensation payable to landowners for the proposed second Chennai airport at Parandur in Kancheepuram district, fixing payments at between Rs 3.5 million and Rs 25.7 million per acre. The figures were calculated from guideline values, recent sale prices and state level negotiations, according to a government order issued on 25 June by the Industries, Investment Promotion and Commerce Department.Although officials insist the package sits “well above market price”, residents of thirteen affected villages—who have opposed the scheme si..
Latest Updates
