Sobha acquires Gurugram Land from Chintels India for Rs 1.21 billion

16 Jan 2024 CW Team

Sobha, a realty developer based in Bangalore, has reportedly transferred a sum of Rs 1.21 billion to Chintels India, a developer located in Gurgaon, as payment for the land associated with their collaborative venture in Gurgaon.

The specific land in question is a component of Sobha International Cy, a joint project that both companies had been working on together.

A spokesperson from Sobha mentioned, "This transaction is part of the ongoing partnership settlement, concluding with the registration of specific land in International City."

In February 2022, an unfortunate incident occurred where two individuals lost their lives due to a roof collapse in Chintels Paradiso Society, Sector-109, Gurugram. In response, the state government imposed a ban on registry activities in seven projects, including the one being developed by Sobha.

As per documents obtained from CRE Matrix, a real estate data analytics firm, Sobha has made payments for two distinct parcels of land, measuring 2 acres and 5.8 acres. Additionally, approximately Rs 80.5 million has been remitted as stamp duty.

JN Yadav, Vice President of Chintels, clarified, "The 5.7 acres plot constitutes the commercial segment of the licensed land known as 'International City,' fully allocated to Sobha according to our existing Joint Development agreement. The ownership transfer to Sobha occurred in December 2023, and no consideration was received by us, as this allocation was always part of Sobha's share."

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..