Shriram Properties sess 58.74% growth in Q1 FY24 net profit
Aurum PropTech to acquire NestAway for $20M
Proptech major Aurum PropTech is set to acquire NestAway Technologies, a managed rental home company backed by Goldman Sachs, Tiger Global and Ratan Tata. The deal is likely to be worth over $20 million and will be one of the first such buyout deals for a rental platform.
NestAway was founded in 2015 and has raised $110 million from investors including Flipkart, Chiratae Ventures and a university fund. The company has over 39,600 tenants across 10 cities.
Aurum PropTech is looking to expand its presence in the Indian residential rental market. The company has made seven ..
Aurum PropTech acquires MYRE Capital’s platform
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..