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 Urban

Agartala Plans Dedicated Bicycle Lanes, Inclusive Roads in Smart City

Agartala is preparing to become more inclusive and environmentally friendly through plans to introduce dedicated bicycle lanes and barrier-free roads under its Smart City initiative. The city will implement dedicated cycling lanes along major routes, including a stretch from Agartala Airport to Lichubagan, as part of the Urban Mobility Agenda 2025. The initiative aims to provide safe, separate lanes for cyclists to encourage green, accessible, healthy, and affordable transportation, benefiting a wide range of residents such as students and working women.Alongside cycling infrastructure, there ..

Next Story
Real Estate

Telangana to Develop 80-acre Eco-Town Inspired by Japan’s Kitakyushu

The Telangana government has announced plans to develop an 80-acre Eco-Town inspired by Kitakyushu City in Japan, as part of its broader commitment to sustainable development. The initiative will serve as a model for environmentally responsible urban planning and industrial growth.The state will collaborate with Kitakyushu on a range of progressive initiatives such as achieving Net Zero emissions, riverfront development, adoption of circular economy principles, promotion of clean technologies, and driving digital innovation.The envisioned Future City will prioritise eco-friendly industrial zon..

Next Story
Infrastructure Urban

Himachal CM Opens Integrated Command and Control Centre in Dharamshala

Himachal Pradesh has launched a new integrated command, control, and crime response centre named ‘Chakshu Chakra’ in Dharamshala, developed under the Smart City Mission. The centre is located at the Superintendent of Police Office and is aimed at enhancing urban surveillance and public safety.A total of 229 CCTV cameras have been installed at 89 critical locations throughout the city. Among these, seven locations feature advanced cameras under the Intelligent Traffic Management System (ITMS) to aid in traffic regulation and public safety measures.Developed at a cost of Rs 20.72 million, th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?