"Godrej Properties Ltd has entered into a development management agreement with Shivam Realty to develop a residential group housing project off the Akurli cross road at Hanuman Nagar, Kandivali East, Mumbai," the company said in a statement.
Piramal group's real estate firm Piramal Realty will invest Rs 1,800 crore to develop a new project in Mumbai.
M3M India's subsidiary Mikado Realtors Pvt Ltd had got a formal approval from the Commerce Ministry to develop a 25 acre SEZ for electronic hardware, IT/ITES in Gurgaon with a developable area of 3-3.5 million sq ft.
The sales bookings in value terms stood at Rs 1,648 crore in 2015-16 fiscal against Rs 1,491 crore in the preceding financial year, according to company's analyst presentation.
In an interview to CNBC-TV18, Irfan Razack, CMD, Prestige Estates, said the average realization stands at Rs 5,800 per sq ft against Rs 6,200 /sq ft on a quarter-on-quarter basis.
Omaxe will invest Rs 200 crore to set up a five-star hotel in Chandigarh. The company has joined hands with the Intercontinental Hotel Group (IHG) to manage and set up the 150-room hotel, named as Holiday Inn, a statement issued said.