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Manglam Group Unveils Rs 10 Bn Hospitality ExpansionManglam Group has announced a Rs 10 billion expansion into India鈥檚 luxury hospitality sector over the next five years. With over 70 completed real estate projects, the group is focusing on greenfield developments, targeting destination weddings, leisure travel, and meeting, incentives, conferences and exhibitions (MICE). Following the Westin Jaipur Resort, work has begun on a 200-room luxury hotel in Jagatpura, Jaipur, in collaboration with an international brand. Rajasthan鈥檚 booming Rs 10.8 trillion wedding industry and Rs 375 billion MICE market is fueling the expansion. Contact: Manglam GroupWebsite: www.manglamgroup.comTel 鈥� 0141-4311135Email - [email protected]鈥檚 Luxury Housing Market Grows Hyderabad鈥檚 premium housing market is thriving despite an overall decline in property registrations. A Knight Frank India report shows a 1 per cent rise in registrations for properties above Rs 100 million, even as overall registrations fell 16 per cent Y-o-Y in February 2025. Premium homes made up 18 per cent of total sales, while affordable housing (below Rs 50 lakh) saw a 20 per cent drop. 亚博体育官网首页s sized 1,000鈥�2,000 sq ft remained most popular, while those above 2,000 sq ft rose to 17 per cent from 13 per cent last year. Despite challenges in entry-level housing, Hyderabad鈥檚 luxury property segment continues to expand, reflecting a shift in buyer preferences.Contact: Knight FrankWebsite: www.knightfrank.com Tel 鈥� 022 6745 0101Brigade Enterprises Unveils Rs 27 Bn Residential Project Brigade Enterprises has launched Brigade Eternia, a 14.65-acre residential project in Yelahanka, Bengaluru, featuring 1,124 units with a built-up area of 20 lakh sq ft. The project, expected to generate over Rs 27 billion in revenue, is set for completion by March 2030. Established in 1986, Brigade Enterprises is a key player in South India鈥檚 real estate sector. Despite a 9 per cent decline in Bengaluru鈥檚 housing sales in 2024, Yelahanka remains a prime location due to infrastructure growth and rising demand. Contact: Brigade EnterprisesWebsite: www.brigadegroup.com Tel 鈥� 91 80 4137 9200Blackstone to Acquire 40 per cent Stake in Kolte-Patil U.S. investment firm Blackstone is set to acquire a 40 per cent stake in Kolte-Patil Developers for Rs 11.67 billion. The deal includes a 14.3 per cent preferential share allotment for Rs 4.17 billion and the purchase of a 25.7per cent stake from promoters for Rs 7.5 billion. This triggers an open offer under Indian regulations, allowing Blackstone to acquire up to 26 per cent more shares. With two decades in India, Blackstone is a major player in office spaces, malls, and logistics. Contact: Kolte-Patil DevelopersWebsite: www.koltepatil.comTel: +91 20 6622 6500Vascon Engineers Enters Mumbai Market with Rs 3 Bn Luxury ProjectVascon Engineers has debuted in Mumbai鈥檚 real estate sector with Vascon Orchids, a luxury residential project in Santacruz (West). Developed through a high-profile redevelopment on Linking Road, the project has a Gross Development Value (GDV) of Rs 3 billion. It features 62 premium 2 BHK and 3 BHK units across three wings, offering amenities like a Bocce Ball court, Cornhole game area, and a gym. Strategically located near the Coastal Road Connector and SV Road metro, Vascon Orchids marks a significant expansion for the company, which has delivered over 225 projects across 30 cities.Contact: Vascon EngineersWebsite: www.vascon.com Tel 鈥� 1800 200 4441Email - [email protected] CRDA Approves Rs 377.02 Bn for Amaravati Infra ProjectsThe Andhra Capital Region Development Authority (AP CRDA) has sanctioned 59 tenders worth Rs 377.02 billion for Amaravati鈥檚 infrastructure development, pending State Cabinet approval on March 17. Originally, 73 projects worth Rs 480.12 billion were proposed, with 59 receiving clearance. Of these, 22 projects fall within AP CRDA limits at Rs 226.07 billion, while 37 under Amaravati Development Corporation total Rs 150.95 billion. Over 20,000 workers will be involved in construction. To fund development, revenue from surplus land sales or mortgages will be used. AP CRDA has also approved land allotment for 31 organisations without relying on taxpayer funds.Contact: Andhra Capital Region Development Authority (AP CRDA)Website: www.crda.ap.gov.inTel 鈥� 9666866600  Sunteck Realty Launches Subsidiary Astrica Realtors for ExpansionSunteck Realty has incorporated a wholly owned subsidiary, Astrica Realtors Private Limited (ARPL). ARPL will focus on construction, real estate, and allied activities. Sunteck Realty has acquired 100 per cent of ARPL鈥檚 share capital, investing Rs 1,00,000 in 10,000 equity shares. A major player in India鈥檚 luxury real estate market, Sunteck Realty oversees 52.5 million sq ft across 32 projects. The company posted a Rs 425 million net profit in Q3 FY25, reversing a Rs 973 million loss in Q3 FY24, with revenue surging 281.06 per cent year-on-year to Rs 1.61 billion.Contact: Sunteck RealtyWebsite:  www.sunteckindia.comTel 鈥� 91 2261989898Email- [email protected] Tops in RERA-Compliant HousingA study by eXp India has revealed that Nagpur leads Indian cities in RERA-compliant housing, with 38 per cent of listed properties meeting regulatory standards. Surat (36 per cent) and Indore (29 per cent) follow closely, while cities like Pune (26 per cent), Hyderabad (24 per cent), and Navi Mumbai (22 per cent) also show strong compliance. In contrast, Delhi ranks lowest, with just 0.6 per cent of homes meeting RERA norms. Since its introduction in 2016, RERA has improved transparency, grievance redressal, and timely housing delivery. Contact: eXp IndiaWebsite: www.expglobalindia.co.inTel 鈥�  +911141169977IHCL to Launch Taj Alibaug Resort & SpaIndian Hotels Company (IHCL) has announced the signing of Taj Alibaug Resort & Spa, a 156-key luxury hotel in Maharashtra鈥檚 coastal hotspot. The property will feature an all-day dining restaurant, a specialty Konkan Caf茅, a bar, and a lobby lounge, alongside 8,500 sq ft of banqueting space, a swimming pool, fitness centre, and Taj鈥檚 J Wellness Spa. Suma Venkatesh, EVP 鈥� Real Estate & Development, IHCL, noted Alibaug鈥檚 rising appeal due to improved connectivity with Mumbai and Pune. With this addition, IHCL鈥檚 Maharashtra portfolio grows to 38 hotels, including 14 under development.Contact: Indian Hotels Company (IHCL)Website: www.ihcltata.com Tel 鈥� 022 6137 1710MICL Unveils India鈥檚 Tallest Ultra-Luxury Residential Tower in MumbaiMan Infraconstruction (MICL) has launched Avaan Tower 2, a 306-m residential skyscraper in Tardeo, Mumbai, making it India鈥檚 tallest ultra-luxury residential tower. Designed by Hafeez Contractor, the project spans 650,000 sq ft and offers 3, 4, and 5 BHK residences with carpet areas from 1,300 to 3,282 sq ft. MICL expects revenues exceeding Rs 30 billion from this landmark project. Residents will enjoy 55 premium amenities, including an ocean-view infinity pool, UFC gym, private theatre, and bowling alley. The launch aligns with rising demand from high-net-worth and ultra-high-net-worth individuals in Mumbai鈥檚 luxury real estate market.Contact: Man Infraconstruction (MICL)Website: www.maninfra.comTel 鈥� +91 22 4246 4246.Email - [email protected]