Category: REAL ESTATE
Reach Group hosts a grand partner meet to celebrate project partnerships – INDIAN NEWS & TIMES
Reach Group, a pioneering name in the real estate sector, hosted a spectacular partners meeting on August 24th, 2023, at the prestigious Airia Mall by Reach Group and Lakeshore. Over 200 notable leasing partners came together at the event to celebrate the collective accomplishments and milestones achieved through successful collaborations with Reach Group. The participants showed great enthusiasm for the occasion.
The partners met at Airia Mall by Reach Group and Lakeshore was an evening filled with excitement, celebration, and camaraderie. Leasing partners from diverse segments of the industry gathered to share their accomplishments and recognize the exceptional projects that have come to fruition as a result of their synergistic efforts with Reach Group. The event underscored Reach’s commitment to fostering, lasting partnerships that not only contribute to business growth but would also enrich the industry as a whole.
The presence of Reach Group’s senior management at the event added a touch of prestige and significance. From visionary architects to seasoned project managers, the event offered leasing partners an exclusive opportunity to interact directly with the masterminds behind Reach’s remarkable projects. This unique interaction facilitated a deeper understanding of the innovative strategies and meticulous planning that go into creating contemporary, state-of-the-art developments.
Ms. Nandini Tanjea, Vice President, Reach Group said, “Our ethos revolves around pioneering new-age modern projects that seamlessly blend innovation with experience. The Partners Meet demonstrates our dedication to building a collaborative ecosystem that has supported us in achieving our vision. Our philosophy is to design spaces that not only meet the needs of contemporary businesses but also encourage a shared sense of community and engagement.”
The event served as a platform for leasing partners to engage in strategic conversations with prominent industry facilitators. This event not only celebrated the achievements of Reach Group as a cohesive team but also served as a heartfelt expression of gratitude towards our invaluable partners. Their unwavering support has played an instrumental role in helping us achieve this significant milestone, and for that, we extend our heartfelt thanks. The event witnessed enthusiastic participation, emphasizing the strong collaborative spirit that drives us. The event was a valuable opportunity to discuss our work with our partners, fostering a shared vision for growth.
As the evening unfolded, it became evident that the partner’s meet store was not just a celebration but a reflection of Reach Group’s core values. It highlighted the company’s dedication to creating projects that transcend traditional boundaries and redefine the way people experience urban living.
Lemon Tree Hotels Unveils New Property at Urban Square Mall, Udaipur
Bhumika Group’s Urban Square Mall (Udaipur), Rajasthan’s most prominent retail and entertainment destination, announces the grand opening of Lemon Tree Hotel. The property is known as Keys Lite by Lemon Tree.
Located within the prestigious Urban Square mall, Keys Lite by Lemon Tree – Urban Square offers 68 fully-serviced apartments designed to provide a harmonious blend of comfort and sophistication. Situated on the 7th and 8th floors, these spacious 350 sq. ft. apartments offer breathtaking views of Udaipur’s scenic landscapes combined with the convenience of a world-class shopping destination at your doorstep.
Bhumika Group’s partnership with Lemon Tree signifies a significant milestone and strengthens its commitment to delivering exceptional experiences in Rajasthan.
“This is indeed a big day for Udaipur and Urban Square Mall. Known as the City of Lakes, Udaipur is not only India’s major tourist destination but also a prominent business hub. The opening of Keys Lite by Lemon Tree at Urban Square will deliver exceptional hospitality experiences and reinforce our position as a leading real estate developer in the state,” says Uddhav Poddar, Managing Director of Bhumika Group.
The franchise agreement for the rebranded property is valid for 15 years.
Urban Square Mall is strategically located in the upscale Gaurav Path area of Sukher and spans 10 lakh square feet. It is a dynamic retail destination offering diverse shopping, dining, and entertainment options.
Prestige Group launches its first project in Calicut with 1000 crore sale potential
Prestige Group, country’s leading real estate developer with a portfolio of more than 250 delivered properties across 7 cities, has announced the launch of its first residential project in Calicut – Prestige Ocean Pearl.
Prestige Ocean Pearl, located on beach road with a landscaped podium of over 40000 sqft, provides its residents a serene refuge away from the hustle and bustle of daily life. The Prestige Ocean Pearl is strategically located and offers a well-developed social infrastructure with multiple schools, hospitals, and retail spaces in the vicinity. It also has excellent road connectivity to the city.
Commenting on the grand launch, Mr. Irfan Razack, CMD, Prestige Group said, “We are delighted to unveil Prestige Group’s latest masterpiece in Calicut, a breathtaking sea-facing haven. This property reflects our dedication to crafting iconic living spaces. Nestled along the picturesque coastline, this sea-facing property embodies opulence, serenity and unparalled living experience in the heart of Calicut. Embrace a home where the waves echo sophistication and the horizon paints the canvas of your dreams.”
Commenting on the launch, Mr. Praveer Shrivastava, Sr. VP, Residential, Prestige Group said, “We are thrilled to mark our debut in Calicut with the unveiling of our latest property, a testament to Prestige Group’s unwavering commitment to crafting spaces that redefine living. This launch signifies a new chapter in our journey, as we bring legacy of excellence to the vibrant city of Calicut, creating homes that resonates with elegance.”
Within the expanse of 6.5 acres, Prestige Ocean Pearl offers 530 units of finely-crafted premium homes. With a mix of 3-bedroom and 4-bedroom units housed in 4 high-rise towers, this residential project promises spacious and exquisite living. Its richly landscaped frontage ascends to a raised level offering undisrupted views of the sea.
The towers are further elevated by means of a parking deck that rises four levels above ground, all to ensure maximum privacy and breathtaking views of the sea. Beyond the obvious picturesque allure of the beach view, it also insulates residents from the hustle & bustle of the main road. All the homes have two or more external faces, which allows for natural light and encourages cross ventilation.
Prestige Ocean Pearl offers multiple leisure amenities including multipurpose hall, a gym, an infinity swimming pool, indoor games and a clubhouse. Sustainability is integral to design at Prestige Ocean Pearl, with rainwater harvesting systems, solar power for common area lighting, and provision for electric vehicle charging stations. There is also dedicated parking for the differently abled.
Prestige Ocean Pearl is poised to become landmark development in Calicut, thanks to its scale, remarkable design, world-class amenities, and strategic location.
Puravankara Bags Prestigious CIDC Vishwakarma Award for Social Development and Impact
Puravankara Limited (BSE: 532891), one of India’s most trusted and admired real estate developers, has bagged the Achievement Award for Creating Social Development and Impact at the 15th Edition of the Vishwakarma Awards, hosted by the Construction Industry Development Council (CIDC) – a joint initiative by the Niti Aayog and the Indian construction industry.
The award recognises Puravankara’s exemplary efforts in driving positive change through its impactful campaigns, particularly its collaboration with the Biome Environmental Trust in rejuvenating heritage wells as part of the “Million Wells for Bengaluru” campaign. This initiative reflects Puravankara’s commitment to environmental sustainability and community empowerment.
Commenting on the recognition, Ashish Puravankara, Managing Director, Puravankara Limited, said, “It is a humbling experience to be recognised with this eminent award – a testament to our unwavering commitment to social responsibility and environmental stewardship. We are honoured to be recognised for our efforts to make a meaningful difference in the lives of people and the communities we serve.
Puravankara is actively contributing to the ‘Million Wells for Bengaluru’ campaign – an initiative that aims to combat the depleting water table in the city. Through this, we want to demonstrate our commitment to the cause of water conservation and resuscitating the ancient tradition of well-digging among the Manu Vaddar community. The company’s efforts are focused on rejuvenating open and heritage wells and promoting rainwater harvesting, which has significantly helped in recharging the shallow aquifers, thereby replenishing groundwater reservoirs.”
Since 2021, more than a dozen heritage/recharge wells have been restored in Bengaluru and surrounding areas. These include one existing well rejuvenated at Rest House Park on Crescent Road, two in Lalbagh, and three new wells dug at ACF, Madiwala, Bengaluru.
In 2022-2023, six open heritage wells and a Kalyani were rejuvenated in Hunsamaranahalli TMC limits in Yelahanka Taluk, positively impacting thousands of nearby residents. A well opposite the aviation academy pumps 2 lakh litres daily and supplies water to Shaktinagar, Muneshwar Camp, and Sonnappanahalli municipal wards. Near Bettahalasur Cross, a well serves approximately 100 households.
Most wells have been adorned with captivating Warli art, adding a touch of artistry and enhancing their visual appeal. These wells have also become a central congregation point for the nearby communities, transforming them into vibrant cultural landmarks symbolising the harmony between tradition and progress. The use of a pulley system ensures that water is not wasted.
In addition, the campaign has also helped to install rainwater harvesting systems at the Sonappanahalli School in Bengaluru and the Vidyaprabodhini School in Goa, which can harvest up to 33 lakh litres of water annually.
The CIDC Vishwakarma Awards, held annually, celebrate excellence and innovation in the construction industry. They recognise organisations that demonstrate exemplary achievements in various aspects of development and impact.
REAL ESTATE
Assetz Acquires 11.5 acres of Land in East Bengaluru, Backed by Motilal Oswal Alternates The acquisition adds an estimated GDV of INR 1400cr to the residential portfolio Bengaluru, August 05, 2025: Assetz, one of Bengaluru’s leading real estate developers, has acquired a 11.5-acre land parcel on the Old Madras Road (OMR)/Hoskote Highway in East Bengaluru […]
Prestige Group launches its first project in Calicut with 1000 crore sale potential
Prestige Group, country’s leading real estate developer with a portfolio of more than 250 delivered properties across 7 cities, has announced the launch of its first residential project in Calicut – Prestige Ocean Pearl.
Prestige Ocean Pearl, located on beach road with a landscaped podium of over 40000 sqft, provides its residents a serene refuge away from the hustle and bustle of daily life. The Prestige Ocean Pearl is strategically located and offers a well-developed social infrastructure with multiple schools, hospitals, and retail spaces in the vicinity. It also has excellent road connectivity to the city.
Commenting on the grand launch, Mr. Irfan Razack, CMD, Prestige Group said, “We are delighted to unveil Prestige Group’s latest masterpiece in Calicut, a breathtaking sea-facing haven. This property reflects our dedication to crafting iconic living spaces. Nestled along the picturesque coastline, this sea-facing property embodies opulence, serenity and unparalled living experience in the heart of Calicut. Embrace a home where the waves echo sophistication and the horizon paints the canvas of your dreams.”
Commenting on the launch, Mr. Praveer Shrivastava, Sr. VP, Residential, Prestige Group said, “We are thrilled to mark our debut in Calicut with the unveiling of our latest property, a testament to Prestige Group’s unwavering commitment to crafting spaces that redefine living. This launch signifies a new chapter in our journey, as we bring legacy of excellence to the vibrant city of Calicut, creating homes that resonates with elegance.”
Within the expanse of 6.5 acres, Prestige Ocean Pearl offers 530 units of finely-crafted premium homes. With a mix of 3-bedroom and 4-bedroom units housed in 4 high-rise towers, this residential project promises spacious and exquisite living. Its richly landscaped frontage ascends to a raised level offering undisrupted views of the sea.
The towers are further elevated by means of a parking deck that rises four levels above ground, all to ensure maximum privacy and breathtaking views of the sea. Beyond the obvious picturesque allure of the beach view, it also insulates residents from the hustle & bustle of the main road. All the homes have two or more external faces, which allows for natural light and encourages cross ventilation.
Prestige Ocean Pearl offers multiple leisure amenities including multipurpose hall, a gym, an infinity swimming pool, indoor games and a clubhouse. Sustainability is integral to design at Prestige Ocean Pearl, with rainwater harvesting systems, solar power for common area lighting, and provision for electric vehicle charging stations. There is also dedicated parking for the differently abled.
Prestige Ocean Pearl is poised to become landmark development in Calicut, thanks to its scale, remarkable design, world-class amenities, and strategic location.
Puravankara pledges to plant one million trees as part of 1t.org movement
Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real estate developers, has pledged to plant 1 million trees by 2030 in and around Bengaluru as part of the World Economic Forum’s Trillion Tree Movement (1t.org). This initiative aims to increase green cover, restore biodiversity, sequester carbon, and support local ecosystems while contributing to the global goal of conserving, restoring, and growing 1 trillion trees by 2030.
The pledge focuses on planting native tree species well-suited to the local climate, ensuring a high survival rate. These 1 million trees are expected to absorb approximately 25,000,000 kg of carbon annually, significantly contributing to climate mitigation efforts. Additionally, the initiative will provide essential ecosystem services, such as pollination, water conservation, and soil preservation, benefiting local communities through access to Non-Timber Forest Products (NTFPs).
“At Puravankara, we believe that sustainable development goes beyond buildings—it is about creating a greener, healthier future for generations to come. Our pledge to 1t.org to plant 1 million trees by 2030 is a testament to our commitment to environmental stewardship. By restoring green cover, enhancing biodiversity, and mitigating climate change, we aim to make a lasting positive impact on Bengaluru’s urban and rural landscapes. We are proud to be part of this global movement and will continue to drive initiatives that contribute to a more sustainable tomorrow,” saidAshish Puravankara, Managing Director, Puravankara Limited.
Commenting on the same, Florian Vernaz, Head of 1t.org at the World Economic Forum, said, “We are delighted to welcome Puravankara Ltd to 1t.org and the global movement for nature restoration. Their ambitious pledge to plant 1 million trees in and around Bengaluru reflects a deep commitment to sustainability and environmental stewardship. By joining the growing and dynamic Indian chapter of 1t.org, Puravankara is demonstrating corporate leadership in advancing nature-based solutions in India. We look forward to supporting and amplifying their impact as we work together toward a greener, more resilient future.”
Puravankara has planted 55,000 trees across three rural locations in Bengaluru, covering 3.5 hectares, and an additional 7,000 trees across urban medians and parks as part of its CSR initiatives. As part of the pledge, the company will plant around 1.56 lakh trees annually in and around Bengaluru till 2030. Puravankara’s tree plantation initiative is a key component of its broader sustainability strategy, aligning with its mission of environmental stewardship and community engagement.
REAL ESTATE – Page 3
JLL India, one of the largest real estate consultancy firm, today announced a partnership with the Indian School of Hospitality (ISH) to develop the next generation of talent in real estate operations and HR. This strategic collaboration addresses India’s dynamic real estate market’s growing need for skilled professionals. The partnership with ISH introduces a specialized one-year […]
Puravankara acquires 7-acre land parcel in Hebbagodi, Bengaluru
Puravankara Limited, one of India’s most trusted and admired real estate developers, has announced the acquisition of a 7.26-acre land parcel in Hebbagodi, Bengaluru.
Hebbagodi is strategically located near Electronics City and is well-connected to other parts of the city, making it an attractive location for residential developments. The area is a desirable location for IT professionals working in Electronics City. The area has a well-developed social infrastructure, with major hospitals, international schools and retail, and the IT hub of Electronics City Phase 1 and Phase 2, located within a 5-km radius. The land parcel is also close to the Hebbagodi Metro Station. The proximity to IT campuses and the growing infrastructure and connectivity make it an attractive option for homebuyers.
The saleable area of the project will be around 750,000 sq ft, with a potential Gross Development Value (GDV) of 900+ crores. The company also recently announced the acquisition of a 12.75-acre land parcel in Thane’s Ghodbunder Road and Lokhandwala in Mumbai, with a potential total GDV of Rs. 5,500 crores over the project lifecycle.
“We are excited to announce the acquisition of this land parcel in Hebbagodi, Bengaluru. It is a mature market with a limited residential real estate and land supply. The company intends to develop a high-end luxury project of approximately 750,000 sq ft, bringing in the much-required supply of high-quality homes in the micro market with proximity to major industrial and IT hubs. With the acquisition of landowner share of 820,661 sq ft in Provident Adora De Goa, Provident Botanico and Provident Capella, along with the 7.26 acres of land in Hebbagodi, the group has added a potential total GDV of Rs. 1,550 crores in addition to the recent acquisitions in Mumbai,” said Ashish Puravankara, Managing Director of Puravankara Limited.
“In the previous financial year, we sold around 7.35 million square feet. With planned launches of around 14 million square feet for FY25 from our existing land bank, our focus shall continue to be on business development to replenish our land bank, keeping in mind the future growth plans of the group,” he added.
AAGRI DURG” promise to cater and maintain the food standards forever, even at our upcoming projects
When we started off on planning a ‘restaurant we weren’t sure about the genre of food we wanted to invest in. Initially we were juggling with the idea of fast food joint or a full fledged restaurant
We started hunting for places through random “FOR RENT” banners we used to see on shops. We had the fire in our belly to lock and freeze on any good spot and get started with the business. But things didn’t fall in place as we expected.
Its easy to target young crowd with a fast food joint as Navi Mumbai has many Schools and Colleges around. But the main obstacle for us, was the location. As we all know Navi Mumbai is now coming up with an International Airport, the rents and shop prices have skyrocketed in the City. We wanted a location where footfall is in grace and the crowds spending power was good.
As we were still looking for a place we got to learn how real estate industry works and how rent prices and lease could be tackled.
In the process of looking out for places we made good contacts with agents and were taking constant follow ups from them.
After many let downs from shop owners and agents, March turned out to be an auspicious month for us.,where we finally found our spot for desired rent and carpet area.The vibe of the place was just perfect and we could sense the aura of the place accepting us.
We formed our company called “DELISH HOSPITALITY SERVICES” We wanted an easy going name for the crowd to relate and could easily understand our product with the touch of Chattrapati Shivaji Maharaj’s blessings.,hence we came up with the name “AAGRI DURG” .Where Durg means “unconquerable fort that stands in middle of the sea”.
The location was perfect for a full fledge restaurant. After many meetings and market research we narrowed down to SEA FOOD , AAGRI_KOLI and MALVANI cuisine. People in Navi Mumbai are grand foodies and love sea-food and local Aagri Cuisine.
Our interior is also inspired by the 16th/17th century Maratha and Peshwas Rajwadas.We tried to keep the ambience as raw as possible, so that once the guest enters the ‘restaurant, they are automatically time capsuled to 16th-17th century of Marathas and Peshwa age with perfect music.
With daily 10 hrs of labour shift, we made sure we would physically be present there and see how the restaurant is taking shape. Furniture and other paraphernalia were shopped with absolute detailing to match the theme of the restaurant.
Menu planning, indent , raw material, restaurant manning and other aspects kept us awake upto 2-3am at night. Still we had a charged morning with peaked up energy as ‘our baby was taking shape.
Finally after 3 months of hard work and team support we opened up our restaurant on May 13th by Gods grace and parents blessing .The restaurant has picked up really well with hygiene maintained plp no compromise on food quality, quantity and standard of service.
OUR BEST DISHES !!
Our ‘masalas are authentically home grinded’ and prepared by special care to match the taste palate of the guest. We have made sure the masalas are not too spicy or not too blunt for the taste and no quality is been compromised on the same, as masala has a special ability to soul the food and a special way to speak to guests from the very 1st bite !!
PASARA THALI : Its basically a JUMBO THALI introduced to the menu for guests with massive appetite. Non-Veg Pasara thali includes 4 different servings chicken gravy, chicken sukkah, mutton gravy and mutton sukkah along with dessert, solkadi, 2 servings of bhakr,wade and rice.
PLATTERS : Our highest selling appetizer is our platter, which is a perfect order for group of 6-8 pax. Our platter can be fused as mixed platter including Seafood and Non Veg. The platter serves 5 different varieties of food preparations 3-4 servings of each preparations. The platter includes chicken koliwada, chicken in white sauce, butter garlic prawns, rawas fry, chicken tikka, chicken afghani, chicken lollipop, prawns koliwada, bombil fry and more.
STUFFED BOMBIL: Stuffed bombil is one of the innovative dish we have come up with. Our Chef shows his culinary skills in this dish., bombil is stuffed with chunks of prawns along with Chefs special masala stuffing. It’s a perfect order for your seafood day cravings.
SPECIAL AAGRI CHICKEN THALI : Aagri special thali is a perfect fusion of aagri masala gravy and flavourful juicy chicken koliwada,here the guest ends up the meal with dessert and perfectly in house blended delectable coconutty solkadi.
SEAFOOD THALI : Seafood thali gives you variety of fish to be chosen for the thali. You can choose SURMAI, POMFRET, RAWAS, PRAWNS for your thali. Thali also includes sukhat chutney, solkadi, dessert, special curry and mixed salad !!
CHICKEN AAGRI KING: Chicken Aagri King is a dish we have introduced at our restaurant, its one of a kind and no other restaurant in Mumbai serves it. Aagri king is chicken breast stuffed with mozzarella cheese and our secret herbs. Once its cooked to perfection, the product is topped with chicken kheema which is platted and served in front of guests, giving them a live presentation experience.
AKSHAY PATIL: Coming from a industrial family business background, always wanted to make something of my own. Culinary, has always been my passion as being born in aagri family ,where food is very diverse. Completed my hotel management from Kohinoor imi (khandala)., worked in properties like four points, le meridian, yogi executive etc..
2012 started of with catering services and escalated that to event management firm in 3 yrs., Post lockdown, businesses got slow.. and I realized it was right time to take a leap.,so planned to get into restaurant business along with a childhood friend.
RAHUL BAVISKAR: From teaching & educational background.,always want to do somthing different. I always had a vibe for travelling, taking guidance from my parents who always supported me in whatever field I wanted to choose. Then I did my Hotel Management from ITM(IHM) .. post my studies I worked for several branded ‘Star Hotels, . which fascinated me to explore more and travel.
I joined one of the world’s best Cruise Lines and working 10yrs for COSTA CROCIERE.This gave me an amazing exposure to the world.,In 10 Years I’ve covered major part of the world’’ EUROPE, SOUTH AMERCIA, ASIA, UAE and many more’’
After 10 long years, me and my childhood friend thought of manifesting our dream of owning a restaurant & we achieved it, we call it AAGRI DURG RESTAURANT.
Courtesy : In Conversation with Akshay Patil and Rahul Baviskar ‘Restaurateurs & Partners’ at AAGRI DURG RESTAURANT, Nerul, Navi Mumbai.