Sunteck Realty Ltd has entered the ultra-luxury housing segment to meet rising demand, with plans to launch two new projects in Mumbai and Dubai by June next year, targeting an estimated revenue of ₹20,000 crore. “We are entering the ultra-luxury residential segment under a new brand, Emaance — derived from the fusion of the words Immense and Indulgence — where each apartment will cost no less than ₹100 crore,” Sunteck Realty CMD Kamal Khetan told PTI.
Interarch Building Solutions on Sunday said it will invest around ₹100 crore to set up a new plant in Andhra Pradesh for pre-engineered steel structures. The facility, spread over 20 acres, will have a capacity of 25,000 metric tonnes in its first phase.
Ceigall has secured an infrastructure project worth ₹509.20 crore in a joint venture with JSP Projects. The JV was awarded the project by the Greater Mohali Area Development Authority (GMADA) to develop infrastructure in Mohali, Ceigall India said in a statement. The project is to be executed within 24 months under an item-rate contract.
Brigade Enterprises has executed a sale deed for 6,534 square yards (approximately 1.35 acres) of land in Kokapet, Telangana, to its subsidiary Brigade Hotel Ventures Limited for ₹110.14 crore. The transaction aligns with Brigade Hotel Ventures’ Initial Public Offering (IPO) objectives and represents a significant internal reallocation of assets within the Brigade Group.