Embassy reports 85% surge in sales bookings to Rs 2,250 cr

Embassy Group aims to publicize WeWork India

Embassy Group, a prominent real estate developer in India, has set its sights on taking WeWork India public following its recent acquisition. This strategic move marks a significant milestone in the Indian commercial real estate landscape and signals Embassy Group's commitment to expanding its footprint in the coworking sector.

The acquisition of WeWork India by Embassy Group underscores the growing demand for flexible workspace solutions in the country's commercial real estate market. With the rise of startups, freelancers, and remote workers, coworking spaces have emerged as a popul..

Indiabulls Real Estate to Raise Rs 3,911 Crore

In a significant move aimed at bolstering its financial position and fostering growth opportunities, Indiabulls Real Estate announced on Friday that its board has given the green light to raise Rs 3,911 crore through the issuance of shares and warrants to investors, including the renowned Blackstone Group and the Bengaluru-based Embassy Group.

Under the approved plan, global investment firm Blackstone is set to inject Rs 1,235 crore into Indiabulls Real Estate, while the Embassy Group will infuse Rs 1,160 crore. After the conversion of warrants, the Embassy Group is slated to hold 18.7..

WeWork Stance on India Unit Sale to Embassy; Talks Continue

WeWork, the popular co-working space provider, has reportedly refused to sell its stake in its India unit to the Embassy Group, an Indian real estate developer. The two parties are said to be engaged in ongoing discussions.

WeWork has been exploring various options, including a potential partnership or stake sale, to raise funds for its India operations. However, talks with the Embassy Group seem to have hit a roadblock as WeWork has turned down the proposal to sell its stake.

Sources familiar with the matter have stated that the negotiations are expected to continue, with th..

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..