Vibe Realty Acquires Two New Projects, Expands Footprint in Pune, Mumbai
Real Estate

Vibe Realty Acquires Two New Projects, Expands Footprint in Pune, Mumbai

Vibe Realty Private Limited (VRPL), founded by industry veteran Gopal Sarda, has acquired a joint development project in NIBM, Pune, and a redevelopment site in Bangur Nagar, Goregaon West, Mumbai. These acquisitions mark a major expansion in the company’s residential development portfolio.

The Pune project spans eight acres and offers 1.03 million square feet of saleable area across over 750 residential units. It is expected to launch in the second half of the financial year with a projected sales value of Rs 6.5 billion. Amenities will include a landscaped environment, a 12,000-plus square feet clubhouse, a modern gymnasium, and a swimming pool.

In May 2024, VRPL secured its fourth redevelopment site in Mumbai on a 4,000 square metre plot in Goregaon West, with a development potential of 0.35 million square feet and estimated revenue of over Rs 2.9 billion.

With previous acquisitions in Khar West, Bandra East, Andheri East, and Goregaon West, VRPL now has a total development potential of 2.7 million square feet and a gross development value exceeding Rs 20 billion. Projects worth Rs 11 billion are expected to launch within the next ninety days.

Source: VMPL/ANI

Vibe Realty Private Limited (VRPL), founded by industry veteran Gopal Sarda, has acquired a joint development project in NIBM, Pune, and a redevelopment site in Bangur Nagar, Goregaon West, Mumbai. These acquisitions mark a major expansion in the company’s residential development portfolio. The Pune project spans eight acres and offers 1.03 million square feet of saleable area across over 750 residential units. It is expected to launch in the second half of the financial year with a projected sales value of Rs 6.5 billion. Amenities will include a landscaped environment, a 12,000-plus square feet clubhouse, a modern gymnasium, and a swimming pool. In May 2024, VRPL secured its fourth redevelopment site in Mumbai on a 4,000 square metre plot in Goregaon West, with a development potential of 0.35 million square feet and estimated revenue of over Rs 2.9 billion. With previous acquisitions in Khar West, Bandra East, Andheri East, and Goregaon West, VRPL now has a total development potential of 2.7 million square feet and a gross development value exceeding Rs 20 billion. Projects worth Rs 11 billion are expected to launch within the next ninety days. Source: VMPL/ANI

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?