Gurugram, August 26th, 2024: Signature Global, India’s leading real estate brand announced an exclusive Janmashtami offer on its premium independent floor project ‘Signature Global City 63A’ located at the prominent Golf Course Extension Road, Sector 63A, Gurugram. This offer presents a unique opportunity for homebuyers to secure their dream home with significant savings and special benefits.

Under this limited-time offer, customers can book a unit with a nominal amount of just ₹1 lakh and avail of benefits worth ₹5 lakh. In addition, every booking will come with assured gold coins worth ₹2.5 lakh, adding a divine touch to this festive season. This exclusive offer is available only until August 30, 2024.

Mr. Devender Aggarwal, Co-founder & Joint Managing Director, Signature Global (India) Ltd. says” At Signature Global, our primary focus is on enriching the lives of our customers by providing value-driven offerings that go beyond just real estate. This Janmashtami, we are delighted to present an offer that not only makes luxury living more accessible but also adds significant financial benefits for our buyers. Our premium independent floors at Golf Course Extension, Gurugram, are designed to offer the perfect blend of modern amenities and serene living. We understand that purchasing a home is a significant decision, and with this special offer, we aim to make it a rewarding experience for our customers. We encourage homebuyers to seize this limited-time opportunity to secure their dream home in one of Gurugram’s most prestigious locations and enjoy the festive season with added joy and benefits.”

The premium independent floors at ‘Signature Global City 63A’ located at Golf Course Extension Road, Sector 63A, are designed to provide luxury living with modern amenities, ensuring a high standard of comfort and style. This prime location offers excellent connectivity and proximity to essential services, making it an ideal choice for discerning homebuyers.

Police to make elaborate arrangements to ensure the smooth conduct of the event

Hyderabad, August 23, 2024: A Technical Briefing was done to Elite runners both International and Indian runners who will be participating in the 13th Edition of NMDC Hyderabad Marathon Powered by IDFC First Bank at Hotel Park Hyatt on Friday evening.

The briefing was done by Mr Norrie Williamson, World Athletics Technical Delegate; Mr Hanif Iqbal, Indian Athletics Technical Delegate; Mr Ulf Anders Saletti, World Athletics Certified Delegate, Mr. Hari Prasad, ACP, Punjagutta; Mr Rajesh Vetcha, Race Director, Mr Avinash Palavancha, Assistant Race Director of NMDC Hyderabad Marathon 2024

A total of 52 elite runners are participating in the Marathon.

They were briefed about World Athletics rules, doping control, route details, aid station facilities, competition bibs, shoes, competition rules and other race-relevant details

Competition shoes must be in accordance with the Worth Athletics rule 5. Spot checks could be made and wearing unauthorized shoes will result in disqualification, they were told.

Doping tests will be conducted among the top finishers in the male and female divisions. The athletes will be chosen at random by the World Athletics Technical delegates, it was informed.

The Marathon will have 9 elite-specific aid stations. Apart from these 9 stations, there will be 12 water and sports drink-only aid stations. It is forbidden to receive drinks on any other part of the course, the elites were told.

16 Ambulances and Bike ambulances will be put into service.

Mr Hari Prasad, ACP Punjagutta, representing the Police Commissioner and additional commissioner of Hyderabad Traffic said elaborate arrangements will be made to ensure that the event goes smoothly with the least inconvenience to commuters.

The event is being organised for the public good. The event’s mission is to promote active lifestyles amongst the public and make running the preferred form of fitness activity. Hence, the police extend their fullest cooperation. He urged people to come out in large numbers, cheer and encourage participants. He said the Police will also issue a public advisory on the traffic restrictions.

NMDC Hyderabad Marathon powered by IDFC First Bank is a certified “World Athletic Label race” for 2024 and is organized in accordance with the World Athletics competition rules and technical rules informed Rajesh Vetcha, Race Director.

The main event is on 25th August 2024. Full Marathon will be flagged off at 4:30 a.m., Half Marathon and 5:30 a.m. (from People Plaza, Necklace Road) and 10K Run at 7.00 a.m. from Hitex, Madhapur.

Royale Estate Group and Mohali Industries Association enter into a landmark affiliation as a new initiative to welcome industry on board. This amazing development is bound to give a big boost toward making MIEZ the best and the biggest Industrial Township in the region.

On this special occasion, Royale Estate Group announced an exclusive offer on industrial plots at the Mohali Industrial Economic Zone (MIEZ) for members of the Mohali Industries Association (MIA), during an interactive session held at The Mohali Club on August 21, 2024. The event witnessed the esteemed presence of key stakeholders, industry leaders, and approximately 300 industrialist members of the MIA.

The event highlighted the benefits of the new offer which includes a comprehensive support system for every industrialist and plot owner, ensuring a hassle-free experience. From layout approvals to construction processes, the offer provides assistance at every step, along with access to government subsidies through a Single Window Support system. This initiative underscores Royale Estate Group’s commitment to fostering industrial growth in Mohali by providing top-tier industrial infrastructure at competitive rates.

MIEZ is a unique industrial initiative by Royale Estate Group which will prove to be a game-changer in terms of industrial revolution in the Tri-city and across the states of Punjab, Haryana, Himachal and J & K. Spread over 150 acres with a vision to eventually take it to 500 acres over the next 3 years, MIEZ’s proximity to an International Airport, biggest Railway Junction of the region and close to the Dry Port of Shambhu barrier, augmented by great advantage of connectivity to all the 4 states, makes it the best Industrial Township ever in Tri-City. With unparalleled facilities and amenities like Convention Centre, centralized Reception lobby, Meeting Rooms, Conference Hall, Food Court, Fully Equipped Laboratory, Skill Development Centre, Housing for Migrant Labours, a Labour Contract centre, Staff Canteens and so on, this industrial township is surely going to an industrial destination to reckon with.

Mohali Industries Association (MIA) has immensely contributed towards growth & development of the industrial township through valuable affiliations and collaborations. MIEZ enjoys all benefits given by the Govt of Punjab under the “Invest Punjab” initiative and by the Govt of India under the MSME “Make in India” initiative.

Sh. Neeraj Kansal, Managing Director, Royale Estate Group, expressed and shared his vision for MIEZ, “We are excited to launch this exclusive offer for our esteemed MIA members. Mohali Industries Association has played a very significant role in bringing MIEZ to its current shape and status. Our goal is to create an environment at MIEZ where industries can grow and prosper, backed by our unwavering commitment to quality and service. Through this offer, we aim to initiate a significant step towards enhancing industrial growth in Mohali. It allows our members to invest in prime industrial plots with added benefits, reinforcing our vision of a strong industrial hub in the region.”

Mr. Ashish Mittal, Director, MIEZ, said, “At MIEZ, more than 60 reputed industries are already on board and are in the process of setting up their respective industries ranging from pharmaceuticals, packaging, food processing, agro and agriculture, engineering, tractors and autoparts, metal and bath fittings, machines, furniture, marbles and granites and so on. A few names from these industries are Comments Industry, Zenus Metal Manufacturers, Gopal Sweets, VK Engineering Works, Making Ways Auto Industries, Boparai Auto Industry, Woodcraft, Ethnic Biotech, Forgo Pharmaceutical Pvt Ltd, Swastik Lifesciences Pharmaceuticals, Raj Steel Furniture, Woodcraft and many more.”

Further, Col. Inderjeet Suri, President, Royale Estate Group, gave a detailed presentation on MIEZ and enlightened the attendees about the journey of Royale Estate Group. He highlighted how, in the new industrial revolution of Tri-City, the group had developed the MIEZ Industrial township through its innovative approach and vision. “The group envisions providing employment to around 50,000 skilled and unskilled people across the region at MIEZ, besides boosting the economy of the state of Punjab”, he added.

The interactive session also served as a platform for attendees to engage with industry experts, discuss the future of Mohali’s industrial landscape, and explore the potential of MIEZ as a prime investment destination. The event concluded with a networking dinner, providing an opportunity for participants to share vision and discuss future prospects of MIEZ and the advantages of the new offer.

Investors now have the chance to seize lucrative opportunities with the launch of society shops at India Rashtra, Sector 88A, and Vanya City, Sector 99A, Gurgaon. These projects, sanctioned under the New Integrated Licensing Policy 2022 and Deen Dayal Jan Awas Yojana, offer prime commercial real estate in one of the most sought-after locations in the National Capital Region (NCR).

An evening event was organized to announce and inaugurate the sales gallery at Sector 88A, Dwarka Expressway, with the occasion graced by the presence of renowned Bollywood actress Shamita Shetty.

Strategically located on the Dwarka Expressway, India Rashtra and Vanya City feature lockable society shops that present unique investment opportunities. With a nominal registration fee, the projects offer two flexible payment plans: the Construction Linked Payment Plan and the Down Payment Plan.

Under the Construction Linked Payment Plan requires a 9% booking amount within 7 days of allocation, 21% of TBC within 45 days from the date of allotment and on the BBA registration, staggered payments of 10% on the completion of each floor slab from the basement to the 4th floor, and the final 20% upon possession. Meanwhile, Down Payment Plan, investors are required to pay 9% of the booking amount within 7 days of allocation. Following this, 21% of the total basic cost (TBC) must be paid within 45 days from the date of allotment and on the BBA registration, 60% within 90 days from the date of allotment, and the remaining 10% upon the offer of possession.

India Rashtra in Sector 88A, Gurugram, offers prime lockable shops directly on the Dwarka Expressway, with shop sizes ranging from 312.328 to 384.537 sq. ft., available from the ground to the third floor.  The registration deadline is September 5th, 2024, and the draw of lots for unit allocation is scheduled for September 7th, 2024.

The minimum investment starts from Rs. 32.46 lacs onwards.

Similarly, Vanya City in Sector 99A, Gurugram, provides a variety of lockable shops ranging from 399.95 to 1381.36 sq. ft., ensuring an exclusive shopping experience. Registration for Vanya City society shops is open at www.ddjayshops.com with a fee of Rs. 31,000/-. The registration deadline is September 5th, 2024, with the allocation draw scheduled for September 7th, 2024. With only 70 shops available at India Rashtra and 30 at Vanya City, these projects offer a limited but highly advantageous investment opportunity. The minimum investment starts from Rs. 46 lacs onwards.

Mihir Jha, Sales Head, expressed, “This is a once-in-a-lifetime opportunity for investors to secure strategically located shops right on Dwarka Expressway. Once the registration is successful in the draw of lots, investors will be able to obtain the allotment after payment of the initial booking amount. Both locations are strategically positioned to offer excellent connectivity and location advantages.”

The township, spanning 20 acres, is close to major landmarks, including the upcoming Global City, which covers over 1,000 acres and is surrounded by multiple luxury residential projects. The future metro station is just 5 minutes away, while the Global Smart City and IGI Airport are 5 and 20 minutes away, respectively. Additionally, NH 8 is just 5 minutes away, Hero Honda Chowk is 12 minutes away, and Yashobhoomi Dwarka Sector 25 is reachable within 15 minutes, making these locations highly desirable for investment.

The recent joint report of CBRE and Zyoin highlighted how GCCs have significantly amplified their Indian operations over the recent decades, fueled by a skilled workforce, cost efficiency, and a conducive business climate. These growth factors have resulted in leading global companies to lease nearly 53 million square feet of office space since 2022 across Bengaluru, Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai to set up GCCs.

CBRE’s 2024 India Office Occupier survey also revealed that approximately 67% of GCCs intend to increase their office portfolios by at least 10% within the next two years. Thus, this upsurge in demand for office spaces from GCCs underscores a continued growth trajectory for the commercial real estate sector, encouraging developers to plan and curate more office spaces to meet future demands.

Mr. Nisheeth Thukral, Head of Leasing, Ambience Group said, “Global companies leasing office space in India to set up Global Capability Centres (GCCs) will turn out to be the prime drivers for the country’s commercial real estate. Even though Bangalore is at the top, NCR has also witnessed increased traction. There is a widespread demand, particularly for Grade A office spaces. As a key player in this thriving market, Delhi National Capital Region (NCR) offers immense potential, with companies like Ambience Group planning luxury mixed-use commercial developments near the Noida Expressway to capitalise on these opportunities.”

Mr. Sanchit Bhutani, Managing Director, Group 108, said, “The report showcases a positive viewpoint for Delhi-NCR’s commercial space market in India. Notably, the area around the Noida Expressway indicates a higher potential, fueled by the demand for office spaces and retail outlets. Further, significant infrastructure developments like the Noida International Airport have strengthened commercial realty growth. As global businesses expand their presence in the region, the trend encourages developers to create more specialized and premium office spaces, catering to the unique needs of various industries and enhancing the overall vibrancy of India’s commercial real estate landscape.”

Moreover, the availability and cost of quality real estate emerge as one of the prime growth factors for GCCs in India. The report also indicated that the leasing for GCCs accounted for 37% of the total leasing during H1 of 2024.

Harinder Singh Hora, Founder Chairman, Reach Group, said, “The report indicates an optimistic outlook for the Delhi-NCR office space market, particularly for Gurugram. As the region is introduced to noteworthy infrastructure growth, it forecasts an upsurge in rental values and leasing activity by GCCs, leading to growth in Grade A retail and office spaces. This momentum reaffirms our vision to deliver cutting-edge commercial spaces and reshape the real estate landscape.”

Salil Kumar, Director- Marketing and Business Management, CRC Group, said, “The surge in leasing by GCCs signals a strong demand for Grade A Office spaces. This heightened demand will not only drive the rental prices in prime locations in Delhi-NCR but also catalyze new developments, further strengthening the commercial real estate sector. As global companies secure large office spaces for their GCCs in India, we look forward to sustained demand for commercial spaces, encouraging developers to develop and deliver future-ready office spaces.”

Thus, as the market continues to evolve, the commercial spaces in India are set to experience sustained growth, reinforcing the country’s status as a strategic destination for global companies. This dynamic environment encourages developers to create specialized and premium office spaces, enhancing the vibrancy and competitiveness of India’s commercial real estate market.

Gurugram: South of Gurugram has emerged as a premier real estate destination, experiencing notable property price appreciation and benefiting from stellar connectivity. According to data from 99 Acres, average residential property rates in this area have surged by 20.5% in the past year, 62.2% over the last three years, and an impressive 137.3% in the past five years. Independent floor prices have also seen significant growth, appreciating by 39.2% in the last three years and 98.9% over the last five years. The region’s exceptional connectivity, highlighted by the Delhi-Mumbai Expressway, has transformed it into a hub for high-value investments, making it an attractive choice for homebuyers and investors alike.

South of Gurugram has emerged as a prominent suburb for residential investments, thanks to its exceptional connectivity with the Delhi-Mumbai Expressway, the Centre’s flagship and most expensive infrastructural project. Sohna Road, located in South of Gurugram, has garnered significant attention from developers, transforming the region into a hub for high-value investments.

Mr. Ravi Aggarwal, Co-founder & Managing Director, Signature Global (India) Ltd. says that “South of Gurugram is rapidly transforming into one of the thriving suburbs in the National Capital Region, capitalizing on its proximity to the Delhi-Mumbai Expressway and commercial hubs like Cyber City and Golf Course Road. The seamless connectivity to the Gurugram-Sohna elevated road makes it an attractive location for professionals, offering a quick 15-minute drive to major commercial, retail, and entertainment hotspots in Gurugram. Homebuyers are increasingly drawn to areas like South of Gurugram for their closeness to nature and the health and wellness benefits it offers.

Access to green spaces is associated with greater social cohesion and a sense of community, enhancing overall well-being. In response to this rising demand for sustainable and health-oriented living, developers and urban planners are focusing on creating micro markets and suburbs that emphasize natural features and healthy lifestyles. This trend is set to continue as more people prioritize their physical and mental health in their daily lives.”

The proximity to the Sohna-Dausa stretch of the Delhi-Mumbai Expressway has been a major catalyst for the surge in real estate investments in Sohna Road, especially in the residential sector. This expressway has elevated Sohna Road’s status, making it a capital-rich investment zone with promising returns.

The remarkable 137.3% growth in South Gurugram’s real estate over the past five years underscores its emergence as a prime investment destination. This surge is propelled by strategic infrastructure developments, particularly the Delhi-Mumbai Expressway, which has dramatically enhanced connectivity and appeal. What truly sets South Gurugram apart is its commitment to sustainable living. The emphasis on green spaces and eco-friendly developments aligns perfectly with the growing demand for healthier, more balanced lifestyles. As urban professionals increasingly prioritize well-being, this region’s thoughtful urban planning and natural beauty become even more attractive. The consistent appreciation in property values, especially in residential sectors, reflects strong market confidence. Looking ahead, I anticipate this upward trajectory to continue. The area’s holistic development approach, combining economic opportunities with quality living, positions South Gurugram not just as a real estate hotspot, but as a model for sustainable urban growth in the NCR region.” – Mr Shashank Vashishtha, Executive Director, Exp Realty India

Sohna Road benefits from excellent connectivity to several key routes, including the Direct Noida-Delhi flyways, Delhi-Meerut Expressway, Kundli-Manesar-Palwal (KMP) Expressway, NH-2 (Delhi-Agra), Delhi-Mumbai Expressway, and the Jewar Airport connectivity highway. Additionally, the controlled six-lane elevated Gurugram-Sohna corridor (NH-248A) provides seamless access to major commercial, retail, and entertainment hotspots in Gurugram, just a 15-minute drive away.

Shailesh kumar Gupta, city based real estate consultant says, “Sohna popularly known as South of Gurugram has become an investment magnet within Gurugram’s thriving real estate landscape. Key corridors such as the Dwarka Expressway, Southern Peripheral Road (SPR), and 160-km Sohna-Dausa stretch of the DMIC (Delhi-Mumbai Industrial Corridor) are at the forefront of this transformation. The Sohna-Dausa stretch, in particular, has been hailed as a game-changer for South of Gurugram’s realty ecosystem, significantly enhancing interstate connectivity with states like Delhi-NCR, Madhya Pradesh, Maharashtra, Gujarat, and Rajasthan. The prospects of this stretch emerging as a prime residential and commercial corridor are high, simultaneously boosting real estate developments in the surrounding areas of Gurugram.

South of Gurugram’s commercial real estate properties offer diverse opportunities for businesses, including office spaces, retail outlets, industrial parks, and logistics centers. As per industry data and estimation investing in commercial property in South of Gurugram can yield immediate benefits and long-term gains both, driven by consistent infrastructural development. The region’s flourishing business ecosystem and robust economic growth further cement South of Gurugram’s status as a desirable hub for commercial real estate investments.”

The area is increasingly attracting upper-middle-class and upper-class income groups who are recalibrating their home-buying choices towards green homes and eco-friendly areas. The notified Master Plan 2031 for Sohna emphasizes the development of ample open spaces and green belts, making it a desirable location for homebuyers. The region’s commitment to preserving large swathes of agricultural land and its picturesque surroundings, including the serene Aravalis, adds to its appeal.

With its strategic location, stellar connectivity, and appealing residential options, South of Gurugram is set to become one of the most sought-after real estate destinations. The area’s growth trajectory indicates robust investment potential, making it an ideal choice for homebuyers and investors alike.

South of Gurgaon is emerging as one of the most favorable destinations for real estate investment. Due to its better connection via the Delhi-Mumbai Expressway & the government’s most significant and expensive infrastructure project, the southern part of Gurugram is emerging as a major destination for real estate investment. This southern area is home to Sohna Road, which has drawn an increasing number of developers and turned the area into a sought-after destination for premium real estate buys.

The region has played an important part in the real estate expansion, particularly in the residential sector, because of its proximity to the Sohna-Dausa section of the Delhi-Mumbai Expressway. This has significantly improved the area’s standing as an appealing location to invest with excellent potential for large returns, particularly in the luxury project market. The trend toward more expensive projects suggests that there is an increasing need for upscale housing options. Of the 5,452 newly launched residential units in Gurugram alone in H1 2024, 43% had prices of at least ₹5 crore. In response to this demand, developers have made significant contributions to the creation of high-end housing options, establishing South Gurgaon as a sought-after location that provides long-term value and excellent living.

Ravi Aggarwal, Co-founder & Managing Director, Signature Global (India) Ltd said, “The strategic location and rapid infrastructure development in and around South of Gurugram offers unmatched long-term value and quality living, making it highly attractive to homebuyers and investors. Its proximity to the Delhi-Mumbai Expressway enhances connectivity, further boosting its appeal. As developers focus on creating premium and mid-housing options, South of Gurugram continues to evolve, offering a blend of affordable, mid segment & luxury housing and abundant green spaces.

Ravi Aggarwal added, “Affluent buyers are gravitating towards South of Gurugram owing to the recalibration of their home-buying choices and the desire to invest in green homes and eco-friendly areas. South of Gurugram offers a unique combination of affordable luxury housing and abundant green spaces, creating an attractive environment for homebuyers. Further, the region’s excellent connectivity via the Delhi-Mumbai Expressway, coupled with other infrastructure marvels, positions South of Gurugram as a prime real estate destination. Hence, all these factors offer long-term investments and quality living to buyers and investors in the region.”

Additionally, the area enjoys exceptional access to a number of important thoroughfares, such as the Delhi-Meerut Expressway, the Delhi-Direct Noida flyway, the Delhi-Mumbai Expressway, the Kundli-Manesar-Palwal (KMP) Expressway, the NH-2 (Delhi-Agra), and the Jewar Airport link highway. Furthermore, the immaculate six-lane elevated Gurugram-Sohna corridor (NH-248A) provides easy access to major commercial, retail, and entertainment areas in Gurugram, which are only a fifteen-minute drive away. This is contributing to the natural growth of residential complexes in the area.

Kushagr Ansal, Director Ansal Housing said, “South Gurgaon is one of the promising and rapidly transforming areas in the NCR region. Its proximity to the Delhi-Meerut Expressway and other prominent hubs makes it an attractive location for residents and businesses in this area. Consequently, these factors collectively position South Gurgaon as a leading real estate destination, promising substantial returns on investment and a superior quality of life.”

Thus, investing in South Gurgaon, especially in upscale residential developments, offers selective homebuyers and investors a distinctive opportunity. The area’s advantageous connectivity, bolstered by the Delhi-Mumbai Expressway and other significant roads, has established it as an emerging hotspot for real estate growth. The notable increase in property values and rising interest in luxury homes highlight the region’s potential as a profitable investment location. As the region evolves, it promises a perfect combination of opulence, peace, and accessibility, making it an excellent option for those seeking to invest in a high-end lifestyle.

Mumbai, 22 August 2024: Tribeca Developers, India’s largest luxury branded residential developer and the largest global developer of Trump-branded projects, has set a new benchmark with the launch of their latest luxury residential offering, ‘The Edge.’ In just 30 days the project, which is a collaboration between Tribeca Developers and Tejukaya, has achieved sales exceeding INR. 1,000 crores, establishing it as South Mumbai’s fastest-selling residential development in recent years.

Situated on a prime 2.5-acre site in Parel, Tower 1 of ‘The Edge’ features 228 meticulously designed residences. The development includes a range of 2, 3, 4 & 5 Bed homes, with prices from INR. 4 cr to INR. 12 cr.

The project is one of the largest projects in South Mumbai and is being developed under the Maharashtra government’s ambitious Cluster Redevelopment Policy.

In January 2024, Tribeca Developers announced a collaboration with the 135-year-old Tejukaya Group on this project, with INR. 200 cr. financing line secured from HDFC Capital. Subsequently, Piramal Capital provided an additional INR. 120 cr. of credit line. With less than 50% of these financing lines drawn till date, Tribeca doesn’t expect to draw the balance lines.

Mr. Kalpesh Mehta, founder of Tribeca said “Tribeca focuses on building only landmark trophy properties, and our projects have always been extremely well received across India. With The Edge we pushed the boundaries of luxury well, till the edge, and we are grateful to our customers for rewarding us so robustly on our maiden entry into Mumbai. This is the biggest launch that Tribeca has had in its 12-year journey. The market for luxury residences in India remains strong and buyers across the country are willing to pay huge premiums over competition to acquire homes in trophy projects that are one of a kind, and that is the demand we cater to.”

He added, “Our asset light approach relies heavily on having extremely strong partners who have strong land expertise, such as Mr. Pranav Tejookaya. This land had been in his family for over 100 years and had 730 families housed in chawls built by his great grandfather. Pranav bhai’s ability to vacate and get approvals on once in a lifetime site, is a big reason for our success.”

Pranav P. Tejookaya, CEO & Managing Director of Tejukaya Group, said “Collaborating with Tribeca on ‘The Edge’ reflects our shared vision for redefining luxury in Mumbai. This location has a deep personal significance for us, and seeing it transformed into an iconic residential address is a proud achievement. With Tribeca’s expertise and our deep-rooted local insight, ‘The Edge’ will set a new standard for luxury living in Mumbai.”

‘The Edge’ boasts an iconic façade with two shimmering glass towers rising 600 feet into the sky and will be among the tallest towers in the micro-market. Design is at the core of the residences with every room featuring Tribeca’s signature openable façade, with full length sliding windows and glass railings on the outside.

Tribeca is known for developing the largest rooftop in the world in Pune. The rooftop at The Edge will be the most iconic in Mumbai and will be packed with amenities such as the glass-bottom sky-bridge. The project has one of the largest amenities programs in the entire micro-market with amenities spread across 4 levels.

Mumbai, August 21, 2024: The National Real Estate Development Council (NAREDCO), Maharashtra Chapter, is set to host its flagship event, The Real Estate Forum (TREF) 2024 with JLL as their knowledge partner. The forum will take place on August 29, 2024, at Hotel Trident, Mumbai, with a key focus on India’s Residential Sector. Now in its third edition, this highly anticipated event promises to be even more impactful, aiming to shape the future of Maharashtra’s real estate industry.

The forum will be graced by an impressive lineup of dignitaries, including the Chief Minister of Maharashtra, Shri Eknath Shinde; Deputy Chief Minister Shri Devendra Fadnavis; and Maharashtra Housing Minister Shri Atul Save. This year’s edition is expected to gather over 500 attendees from the real estate sector, providing a platform to explore the latest trends, innovations, and opportunities that the sector presents. Additionally, JLL will unveil a white paper during the event, offering key insights into the industry.

Mr. Prashant Sharma, President of NAREDCO Maharashtra, expressed his enthusiasm for the upcoming forum, stating, “We are delighted to host The Real Estate Forum 2024, an event that will be pivotal in shaping the future of our industry. This year’s forum is designed to tackle the pressing challenges and opportunities offered in the real estate sector. It will be our endeavor to bring forward the changes needed in policy matters with the government that will ably support the industry.”

Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL said, “As Mumbai continues to expand, the completion of key transit infrastructure projects and the upcoming Navi Mumbai Airport promise to drive significant growth in both residential and commercial sectors, propelling the city’s real estate market towards unprecedented levels of activity and value. Mumbai’s residential sales value is projected to surpass INR 1.35 lakh crore in 2024 and grow at a CAGR of ~6.8% to reach over INR 2 lakh crore by 2030. Developers have already acquired over 280 acres of land, translating to a development potential of approximately 42-48 million sq ft and a sales potential of approx. INR 70,000 crore.”

The Real Estate Forum 2024 will feature an array of keynote speakers, panel discussions, and interactive workshops, addressing a broad spectrum of topics vital to the industry. Key discussion topics will include government policies that drive real estate, the diversity of the residential market, challenges and opportunities in redevelopment, trends in real estate financing, and necessary amendments to RERA 2.0, among others.

Attendees will have the opportunity to engage in various breakout sessions and panel discussions, focusing on topics such as:

• MahaUrban Revolution@2047: Government Policies driving real estate
• Real Estate Spectrum: Insights into opportunities beyond residential
• Urban Tapestry: Diversity of India’s residential market
• Rebuilding Mumbai: Challenges and Opportunities in redevelopment
• Unlocking Capital: Trends in Real Estate Financing
• RERA 2.0: Amendments needed in the Act / Implementation

The Indian real estate sector is currently witnessing significant transformations, driven by a series of government reforms and initiatives that have revitalized the housing market. Recent quarters have seen record home sales, with buyers increasingly recognizing the value of home ownership. Developers are advocating for further reforms to enhance transparency, streamline the home buying process, and reduce bureaucratic hurdles.

The Real Estate Forum 2024 is set to be a landmark event, offering a comprehensive platform for industry leaders to deliberate on the future of the residential sector and beyond.

The Union Cabinet, under the leadership of Prime Minister Narendra Modi, has given the green light to the Thane Integral Ring Metro Rail Project (IRMRP), a crucial development poised to revolutionize urban mobility and real estate in Thane. The Maharashtra Metro Railway Corporation Limited (MMRCL) will spearhead this groundbreaking project, marking its first greenfield venture in the metropolitan region.

Scheduled to commence operations by 2029, the Thane Ring Metro will create a vital link between Thane’s remote residential and commercial hubs — Wagle Estate, Ghodbunder, Kolshet, and Saket — and both the new and old Thane railway stations. The project will also connect with Mumbai and Kalyan through the ongoing metro lines 4 and 5. Out of the 22 stations planned, the new and old Thane railway stations will be constructed underground, ensuring seamless integration with the existing urban infrastructure.

With the capacity to carry 1,500 passengers per six-coach rake, the metro is expected to operate every 15 minutes, completing a full loop within an hour. By 2045, the daily ridership on this corridor is projected to reach 8.72 lakh passengers, underscoring the project’s significance for the future of Thane’s urban transportation.

The real estate industry has responded enthusiastically to this development, recognizing the potential for a transformative impact on the region.

Mr. Vedanshu Kedia, Director, Prescon Group, highlighted the project’s broader impact: “The Union Cabinet’s approval of the Thane Ring Metro Project marks a transformative milestone for the Thane real estate market. This project, with its strategic connectivity across key residential and commercial hubs is set to redefine urban mobility and catalyze significant growth in the region. The enhanced connectivity to Mumbai and Kalyan, along with the integration with existing metro lines, will not only improve accessibility but also elevate Thane’s appeal as a preferred destination for homebuyers and investors alike. We anticipate that this development will spur demand for both residential and commercial properties, driving up property values and contributing to the overall economic prosperity of Thane.”

Mr. Rajeev Ranjan, Co-Founder & CEO, The Mentors Real Estate Advisory Pvt Ltd, echoed these sentiments, stating, “The approval of the Thane Ring Metro Project by the Union Cabinet is a game-changer for the Thane real estate market. This project will not only enhance connectivity across key residential and commercial areas but will also bring a transformative impact on property values and development potential in these areas. With the metro seamlessly linking old and new railway stations and integrating with existing metro lines, we anticipate a significant uptick in demand for both residential and commercial spaces. The improved accessibility will make Thane even more attractive to homebuyers and investors, fostering sustainable growth and solidifying Thane’s position as a preferred destination within the Mumbai Metropolitan Region.”

Mr. Rajan Bandelkar, Vice Chairman, NAREDCO and MD, Raunak Group, expressed, “The Thane Integral Ring Metro Rail Project is a significant milestone that will undoubtedly catalyze the real estate market in Thane. The enhanced connectivity provided by this ambitious project will transform Thane into an even more attractive destination for both homebuyers and investors. As commuting times reduce and accessibility improves, we anticipate a surge in demand for residential and commercial spaces, particularly in areas around the proposed metro stations. Thane Integral Ring Metro Rail Project aligns with the vision of creating well-connected, sustainable urban centers, and will play a pivotal role in elevating Thane’s status as a thriving real estate hub. We expect a positive ripple effect on property values, leading to accelerated growth and development in the region. As the metro project unfolds, it will not only uplift the real estate market but also contribute to the overall socio-economic development of Thane, further solidifying its position as a prominent residential and commercial hub in the MMR region.”