Jashn Realty Launches Landmark 10-acre Luxury Group Housing in Lucknow for Elevated Living
Jashn Elevate by Jashn Realty, is set within a 10-acre landscape and promises modern amenities with luxury living. With ‘Grand Way of Life’ as its core communication, the project is designed with a focus on providing a high standard of living. This RERA approved project has already seen significant returns with top banks reporting a 20% growth in value over the past months. This growth is projected to reach 50% by next year making Jashn Elevate a promising investment opportunity in real estate market.
The total investment for the project is estimated around Rs.820 crores, which includes construction cost of Rs.560 crores while the land cost is Rs.260 crores. The topline of the project is pegged at approx. Rs.1040 crores. Offering over 56 modern amenities to cater to residents of all ages the development have a variety of apartment configurations, including 2.5 BHK, 3 BHK, and 3.5 BHK units. These Vaastu-compliant units feature spacious balconies, expansive dining room, in-built stores, a separate guest room, mini home theatre and much more ensuring convenience and luxury for every resident.
The project comprises 12 towers spread across 5 blocks. The first phase revealed a single block and 3 towers (approx. 224 units in phase one and 856 units in total), all designed by renowned architects and engineers. Enabling a holistic living, this group housing provides amenities such as high-tech fitness hubs, serene green spaces, basketball court, kids area, track, swimming pool, café, co-working area, gym, salon, among others.
Located at a prime location (Sultanpur Road, 5 minutes away from Amar Shaheed Path and the Outer Ring Road) this sprawling group housing offers strategic connectivity to key city areas providing convenient access to top hospitals, schools, and commercial and entertainment centers. Prospective buyers and investors have the opportunity to explore the project through virtual tours, facilitated by a state-of-the-art experience center. This feature allows interested parties to gain a comprehensive understanding of the development’s design, amenities, and community-oriented living, making it a notable addition to Lucknow’s real estate landscape.
Rahul Aggarwal, Owner & Director, Jashn Realty commented, “Jashn Elevate is not just a residence but a grand way of life and a celebration of contemporary artistry redefining urban living. We are committed to enhancing the quality of life for our residents by creating vibrant, sustainable communities that foster a sense of belonging and well-being. Moreover, engaging events like big screen cricket screenings helps in creating strong sense of community. Residing in Jashn Elevate is not just about owning a home but embracing a comprehensive & grand experience that encompasses all aspects of living hence glorifying the lifestyle at large & making it big. Now one can easily experience glimpse of it with our dedicated experience centre showcasing the projects’ unmatched offerings.”
Additionally, Jashn’s in-house banking & financial assistance team provide personalized support in planning loan amounts, terms and choosing the best financial institution according to the needs of the customers. This unique service help residents navigate the financial aspects of home buying with ease and confidence.
Kalaburagi to Transform into Smart City with Rs.1,685 Crore Investment, Announces Karnataka CM
Chief Minister Siddaramaiah recently announced plans to transform Kalaburagi into a smart city with an investment of Rs.1,685 crore, as part of a broader initiative to develop the entire Kalyana Karnataka region. Under the Mahatma Gandhi Nagar Vikas Yojana 2.0, Rs.200 crore each will be allocated for infrastructure development in the Kalaburagi and Ballari municipal corporations.
The Chief Minister made the announcement during the ‘Kalyana Karnataka Amrut Mahotsav’ celebration and the 10th anniversary of granting special status to the region under Article 371(J) of the Constitution. In his address, he highlighted the historical significance of Kalyana Karnataka, noting that the districts of Bidar, Kalaburagi, and Raichur gained independence from the Nizam of Hyderabad a year after India’s 1947 independence. He paid tribute to the freedom fighters and acknowledged the roles of Jawaharlal Nehru and Sardar Vallabhbhai Patel in the region’s liberation.
Siddaramaiah also outlined various development projects for Kalyana Karnataka. The state has launched the “Kalyana Patha” scheme, which will build 1,150 kilometers of roads in rural assembly constituencies at a cost of Rs.1,000 crore. He also urged the central government to expedite the establishment of an AIIMS institute in Raichur, pledging the state’s full support.
For the 2024-25 fiscal year, the state government aims to generate 4.85 crore person-days of work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the region, having already created 3.43 crore person-days, benefiting over 13 lakh people.
In Koppal district, Rs.100 crore will be allocated to develop tourism at Anjanadri Hill and surrounding areas. Additionally, Ballari will see the development of a Jeans Apparel Park and Common Facility Centre to upgrade the local jeans industry to international standards. The 2024-25 budget has allocated Rs.5,000 crore to the Kalyana Karnataka Development Board for various projects, marking a new phase of progress in the region. A committee led by Professor Govind Rao will study economic and social changes in the area and propose strategies to reduce inequalities, Siddaramaiah added.
Interarch Building Products Limited invests over Rs.95 crores in 5th PEB Manufacturing plant
Interarch Building Products Limited, a leading player in the Pre-Engineered Building (PEB) Industry today announced that the Company has inaugurated its fifth PEB manufacturing plant (4th fully integrated unit) in Attivaram Village, District Nellore in the State of Andhra Pradesh. This manufacturing facility is equipped with the latest technology and has capabilities to manufacture Pre-engineered steel (PEB) structures and pre-engineered metal roofing and cladding systems. This plant will contribute significantly to the region’s industrial growth. The Company inaugurated Phase 1 of the plant, which covers 4 acres of the plot and has been built at an investment of Rs.40 crores (including cost of land). The investment for phase 1 has been funded by internal accruals and will increase Interarch’s installed capacity by 20,000 MT per annum. This unit has generated new job opportunities for approx. 250 people, boosting the local economy. The Company further did the groundbreaking ceremony for the Phase 2 of the plant, which covers 6 acres of the plot and will increase the company’s installed capacity by 40,000 MT, increasing the overall capacity to 2 Lac MT per annum. The total plant area of phase 2 will be 2 lac Sq. Ft and is likely to be commissioned over the next 7-8 months. Phase 2 will be set up at a approximate cost of 57 crores, funded through IPO proceeds. In Phase 2, the Company expects to create direct and indirect jobs for approximately 500 people.
The new plant is designed to meet the highest standards of efficiency and quality. With this expansion, Interarch is not only expanding the production capacity but also creating new opportunities for employment and economic development in the region.
Arvind Nanda, Managing Director, and Gautam Suri, Whole Time Director, Interarch Building Products Limited, said, “We are excited to announce the inauguration of our fifth PEB manufacturing unit in Attivaram, AP, marking a key milestone in our strategic expansion. This achievement not only reflects our robust growth trajectory but also our unwavering commitment to excellence. As we continue to expand, our goal remains clear: to set new standards in the industry through quality, innovation, and customer delight. This new facility enhances our geographical reach and reinforces our commitment to innovation, quality, and sustainability. We look forward to contributing to the region’s economic development and meeting the growing demand with excellence.”
Manish Garg, CEO, Interarch Building Products Limited said, “Inaugurating this fully integrated PEB manufacturing unit in Attivaram is a proud moment for all of us at Interarch. This new facility represents our dedication to driving progress and creating value for our clients and the communities we serve. This new facility will help us service the increasing demand from our discerning consumers and help us meet our aggressive growth plans.”
Microsoft Acquires Rs.520 Crore Land Parcel in Pune’s Hinjewadi
Global technology leader Microsoft has bolstered its presence in India’s IT sector by acquiring a prime land parcel in Pune’s Hinjewadi IT Park for Rs.519.72 crore, according to Square Yards.
The acquisition, finalized in August 2024, encompasses 66,414.5 square meters (approximately 16.4 acres) and was secured from Indo Global Infotech City LLP. The transaction included a stamp duty of Rs.31.18 crore and a registration fee of Rs.30,000. This move is part of Microsoft’s broader strategy to enhance its commercial real estate holdings in India. The company previously purchased a 25-acre site in Pimpri-Chinchwad for Rs.328 crore in 2022 and acquired 48 acres in Hyderabad earlier this year for Rs.267 crore. The new land acquisition aligns with Microsoft’s ongoing efforts to expand its data centre operations and strengthen its presence in India’s burgeoning digital infrastructure sector. The company currently operates data centres in Pune, Mumbai, and Chennai. With over 23,000 employees across key cities including Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, Microsoft supports various business functions, such as sales, marketing, research, development, and customer support. Additionally, Microsoft has launched the “ADVANTA(I)GE INDIA” initiative, aiming to equip 2 million people with AI and digital skills by 2025, as part of its global “Skills for Jobs” program. This latest investment highlights Microsoft’s commitment to deepening its engagement in India and contributing to the nation’s digital growth.
Dharavi Redevelopment Construction to Begin in 6-8 Months
Construction for the highly anticipated Dharavi Redevelopment Project, spanning nearly 600 acres in Mumbai, is set to begin within the next 6-8 months, according to SVR Srinivas, CEO of the Dharavi Redevelopment Project (DRP) and the Slum Rehabilitation Authority, Government of Maharashtra.
Srinivas acknowledged the challenges of the project but remained optimistic, stating, “It’s a challenging project, but not impossible.” He added that the ongoing survey to assess the eligibility of tenement residents is expected to be completed by the end of March.
So far, the survey has made significant progress, covering a substantial portion of the area. The redevelopment aims to transform Dharavi into a modern urban space, addressing the area’s housing and infrastructure needs.
Infra.Market Becomes India’s Largest AAC Block Manufacturer, Sets New Standards in Sustainable Construction
Infra.Market, one of India’s leading construction materials companies, has reached a significant milestone, becoming India’s largest manufacturer of Autoclaved Aerated Concrete (AAC) blocks. With nine plants across the country, the company now boasts an annual production capacity of 3 million cubic metres, marking a significant step forward for sustainable construction in India, serving diverse regional markets effectively and reducing transportation costs and environmental impact.
AAC blocks, with their growing appeal as a greener alternative, currently represent 7-8% of the conventional brick market. Their increasing adoption reflects a growing awareness of environmental issues in construction and as a member of the Indian Green Building Council, Infra.Market is actively involved in promoting sustainable construction practices.
“Our growth in AAC block production is a response to the changing needs of India’s construction industry,” says Pankaj Phadnis, President-Retail, Infra.Market. “We’re proud to offer a product that performs well and helps reduce the environmental impact of building projects. This expansion is backed by significant investments in technology and automation and will help meet the growing demand for sustainable building materials across India.”
He further added, “At the heart of what we do is a deep commitment to producing only Grade 1 AAC blocks that are both strong and reliable. Our tagline, ‘Majboot Blocks, Majboot Deewarein,’ reflects our promise to deliver products that stand the test of time, offering strength and trust you can depend on.”
The company aims to significantly enhance its annual production capacity in the coming years. AAC blocks are lightweight yet strong, energy-efficient, and environmentally friendly – a combination that is becoming increasingly vital in modern construction. The green building certifications incorporate recycled materials and offer superior insulation properties. Tech advancements ensure consistent quality and efficient production across all nine manufacturing facilities. The company’s R&D lab further enhances product performance, focusing on innovation and rigorous quality control. This aligns well with government initiatives like Pradhan Mantri Awas Yojana (PMAY), which aims to provide affordable and environmentally friendly housing solutions.
Infra.Market’s emergence as the top AAC block manufacturer represents a positive shift in India’s construction industry. It indicates a growing preference for materials that balance performance with environmental responsibility. With manufacturing facilities in Ahmedabad, Bangalore, Chennai, Hyderabad, Hubli, Kolhapur, Mumbai, Panipat, and Pune, the company is well-positioned to play a vital role in driving sustainable building practices and supporting the construction revolution across the country.
Puravankara to Redevelop Housing Society in Breach Candy, South Mumbai
Bengaluru-based real estate developer Puravankara has secured the redevelopment rights for the Miami Apartments located in South Mumbai’s upscale Breach Candy. The project, which spans approximately 2,000 square meters, marks Puravankara’s debut in the high-end South Mumbai market, where property rates are estimated between Rs.1,25,000 and Rs.1,40,000 per square foot.
The company has recently expanded its operations in Mumbai, having previously acquired redevelopment rights for two societies on 3 acres of land in Lokhandwala, Andheri West, in November 2023. Puravankara has now been selected as the preferred developer for an additional 1.3 acres, bringing the total project area to 4.3 acres. Property rates in this Andheri West area are estimated between Rs.40,000 and Rs.45,000 per square foot.
Ashish Puravankara, Managing Director of Puravankara Limited, commented, “Our entry into South Mumbai with the redevelopment of Miami Apartments signifies a major milestone for Puravankara Ltd. This project reflects our dedication to delivering unmatched luxury and our vision to create iconic living spaces in prime locations. We look forward to enhancing the luxury living experience in Breach Candy and reinforcing our presence in other markets.”
Rajat Rastogi, CEO – West & Commercial Assets at Puravankara Limited, added, “The new redevelopment projects in Breach Candy and Andheri West bolster our portfolio in Mumbai and underscore our growing influence in the city’s real estate landscape. We remain focused on acquiring landmark assets in the Mumbai Metropolitan Region and Pune.”
In addition to its Mumbai projects, Puravankara has signed a Joint Development Agreement (JDA) for a 1.95-acre land parcel in Bengaluru’s Electronics City micro-market, adjacent to the Purva Westend project. This parcel, with a saleable area of 260,000 square feet, is located just 100 meters from the Kudlu Gate Metro Station, providing convenient access to tech parks, hospitals, and schools. Market rates in this area range between Rs.12,000 and Rs.14,000 per square foot.
Signature Global Awards Rs.320 Crore Contract to ACC India for the Construction of its Luxury Residential Project, “Twin Towers DXP”
Gurugram based real estate developer, Signature Global, who has a focus on realty projects in Northern India has appointed ACC India Pvt Ltd for Civil, Structure and Part MEP work for all the Towers, Basements and Other Ancillary Buildings for its residential group housing project in Sector 84, Gurugram, Haryana which is located along the rapidly developing Dwarka Expressway.
The LOI dated September 12, 2024 determines the total contract value to be Rs.320 crs. It additional determines that the completion period of the project as 27 months from the date of commencement of work and 3 months from complete handing over of work.
On the announcement of the appointment Lalit Aggarwal, Vice Chairman, Signature Global said “This is going to be one of the finest projects that we will be executing and will be a crowning jewel in our portfolio. While I cannot share too many details of the project until it is officially launched, I can definitely share that it will span four and a half acres and exhibit architectural brilliance. Also, it’ll be one of the tallest in the area and Arabian Construction Company, along with their Indian subsidiary ACC India, is known for constructing many prominent towers in the Middle East and India, showcasing their proven expertise in delivering this project. We have proudly delivered approximately 11 million sq. ft. across projects and more than 30,000 happy customers since our inception in 2014 and have a robust pipeline too.”
On ACCs appointment, Ani Ray, Managing Director, ACC India Pvt Ltd said “It’s a privilege to be associated with Signature Global for its Twin Towers DXP project and we look forward to completing the project in the time limit prescribed. It gives us utmost joy to build homes for the aspiring and growing population in the country. ACC has been associated with landmark projects such as World ONE (84 floors, 285 Meter) of Lodha Developers in Mumbai; 88 East Kolkata of Tata Housing & Keventers, and The 42 (62 floor, 255 Meter) besides ongoing projects in Delhi + NCR for DLF, TARC and Unity Group Projects and others across major metros”
Ramco Cements Boosts Grinding Capacity by Nearly 1 Million Tonnes Per Annum.
Tamil Nadu-based Ramco Cements announced recently that it has increased its cement grinding capacity by nearly one million tonnes per annum (MTPA). The company achieved this by implementing debottlenecking measures at its Kalavatala Plant in Andhra Pradesh, raising capacity from 1.5 MTPA to 2 MTPA.Additionally, at its Valapady Grinding Unit in Salem District, Tamil Nadu, Ramco Cements also enhanced grinding capacity from 1.6 MTPA to 2 MTPA through similar debottlenecking efforts.
With these upgrades, the company’s total cement grinding capacity has increased by 0.9 MTPA, bringing it from 23.14 MTPA to 24.04 MTPA, supported by an investment of Rs.58 crore. The company has received the necessary consent to operate from relevant authorities for these capacity expansions.
For the financial year ending March 31, 2024, Ramco Cements reported a revenue of Rs.9,349.83 crore. The company operates five integrated cement units and six grinding units across India.
UP to Develop Two Industrial Corridors in Prayagraj and Agra
Recently, the Union Cabinet approved the development of 12 new industrial corridors, including two in Uttar Pradesh: Prayagraj and Agra. While the Union Ministry of Commerce and Industry generally requires a minimum land parcel of 1,000 acres for corridor development, the Prayagraj corridor will be developed on a smaller 352-acre site due to a special request from the Uttar Pradesh government.
Union Minister Piyush Goyal explained that the Prayagraj corridor will be situated adjacent to the Saraswati Hi-tech City project. The corridor, estimated to cost around Rs.658 crore, is expected to generate approximately 18,000 jobs and attract investments totaling about Rs.1,600 crore. It will be strategically located near National Highway 35, with easy access to NH-30, Prayagraj railway station, Naini station, and Prayagraj airport.
The Prayagraj corridor will focus on sectors such as e-mobility-based automobiles, food processing, leather articles, readymade garments, cycle manufacturing, and packaging.
In Agra, the designated 1,058-acre site will primarily host non-polluting industries. With an estimated project cost of Rs.1,812 crore, this corridor is projected to create around 70,000 jobs and attract investments of approximately Rs.3,447 crore. Key sectors for the Agra corridor include leather articles, apparel, food processing, medicine, medical consumables, engineering, and fabrication.
The Agra corridor will be conveniently located 2 km from the Yamuna Expressway and NH 19, with Agra Airport 25 km away and Jewar Airport 140 km from the site.
Minister Goyal indicated that, pending cooperation from state governments, the corridors are expected to be completed by 2027. Land acquisition for all corridors has been finalized, and interest from potential investors is already being noted. The corridors are part of an effort to alleviate congestion in existing industrial parks and regions.
These new corridors will complement the existing industrial project at Dadri, Greater Noida, where the Multi-modal Logistics Hub and Multi-modal Transport Hub projects are already under construction.
