Assetz to Launch 6.5 Mn Sq Ft in FY26, Eyes Rs 150 Billion Housing GDV

21 Apr 2025 CW Team

Assetz Property Group has announced plans to launch 6.5 Mn square feet of new residential developments in FY 2025–26, part of a total secured gross development value of Rs 150 Bn. The upcoming launches include apartments, villas, and plotted developments across Bengaluru’s key growth corridors.

Of the total, three Mn square feet has already been launched. Executive director Sunil Pareek stated that ten new launches this year will introduce Rs 70 Bn of additional inventory, with the aim of doubling the company’s turnover within three years.

Over the past two years, Assetz has secured sixteen prime land parcels totalling more than 200 acres, adding around 15 Mn square feet of saleable area to its pipeline. These new sites could yield over 7,500 homes, further expanding its footprint across north, south, and southeast Bengaluru.

Operating through a partnership-led joint development model, Assetz competes with established developers like Prestige, Sattva, Puravankara, and Brigade. Founded in 2006, the company has delivered 20 projects totalling 15 Mn square feet and now holds a residential portfolio of over 43 Mn square feet across more than 40 projects.

Source: Business Standard

Infrastructure Urban

13 Oct 2025

Jharkhand Forms Teams to Modernise Urban Infrastructure

The Jharkhand Urban Development Department has constituted multiple expert teams to plan, assess, and modernise urban infrastructure across the state’s cities and towns, an official said on Thursday. The initiative aligns with Chief Minister Hemant Soren’s vision to position Jharkhand among India’s leading states in the field of advanced and sustainable urban development. The teams have been tasked with identifying existing infrastructure gaps and proposing new projects to promote stable and long-term growth. According to Sunil Kumar, Principal Secretary of the Urban Development and Ho..

Kerala CM Seeks Rs 22 Billion NDRF Aid, AIIMS Nod from PM

Kerala Chief Minister Pinarayi Vijayan met Prime Minister Narendra Modi in New Delhi on Friday, seeking urgent financial and policy support for the state. The Chief Minister requested the release of the Rs 22.21 billion National Disaster Response Fund (NDRF) grant for Wayanad landslide reconstruction and pressed for immediate approval to establish an AIIMS at Kinaloor, Kozhikode. “Called on the Hon’ble Prime Minister Narendra Modi Ji and requested the urgent release of the full Rs 22.21 billion NDRF grant for Wayanad landslide reconstruction. Also urged immediate approval for establishing..

Meta Picks Mumbai, Vizag for Global Subsea Cable Project

Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has selected Mumbai and Visakhapatnam as the landing sites for its multibillion-dollar subsea cable project, Waterworth. The company has appointed Sify Technologies as its landing partner in India under a USD 5 million (Rs 420 million) contract. Google has also partnered with Sify for the Indian landing of its USD 400 million (Rs 33.6 billion) Blue-Raman subsea cable, underscoring the surge in global investment into India’s digital infrastructure and its growing strategic significance in international data connectivity..