Month: August 2024

New Delhi, 28th August 2024 – Square Yards, India’s largest integrated real estate marketplace, has announced its Q1 FY25 results, reporting an impressive revenue of INR 261 crore (USD 31 million), a 52% year-over-year (YoY) increase. This marks the 12th quarter out of the last 13 where the firm has delivered over 50% YoY growth. “Q1 has consistently contributed 16-18% of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of INR 1,506 crore (USD 180 million)”, stated Tanuj Shori, Founder and CEO, Square Yards. “We anticipate maintaining gross margins above 25% and EBITDA margins around 7% at the corporate level. Overall, we remain on track for over 50% growth this fiscal year, targeting revenue that reflects a robust four-year CAGR of 50...

The new facility, offers more than 2,000 desks. The cost per seat will start at around Rs 9,000 per month. Bengaluru August 29, 2024: Managed co-working firm Urban Vault has leased 100,000 square feet of prime office space at Brigade Summit, one of the iconic mixed-use projects by Brigade Group, in Whitefield, Bengaluru. This move aims to expand its business and meet the rising demand for managed workspaces. With this leasing transaction, Urban Vault—a self-funded, bottom-line-driven company that provides managed workspace solutions to corporates—has entered the Whitefield area. Whitefield is a key residential and commercial hub with modern infrastructure, hosting many tech companies, shopping malls, and entertainment options, making it a popular choice for both corporates and profes...

Ahmedabad, Pune and Kolkata are the most affordable markets Mumbai is the only city above the affordability threshold Mumbai, August 07, 2024: Knight Frank India, in its proprietary report, Affordability Index, cited that home affordability has remained stable in H1 2024 (January to June 2024) as interest rates have stayed steady since the end of 2023. According to the Affordability Index, Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 21%, followed by Pune and Kolkata at 24% each. Mumbai was the only city that remained marginally higher than the threshold at 51%. Knight Frank India's Affordability Index, which tracks the EMI (Equated Monthly Instalment) to income ratio for an average household, witnessed steady improvement from 2010 to...

Signature Global Q1-FY25 pre-sales grew 255% to INR 31.2 billion; collections rose 102% to INR 12.1 billion Consolidated Net Profit for Q1 FY25 stood at 0.07 billionagainst loss of 0.07 billion in Q1 FY24 Company’s Gross Profit Margin for Q1 stood at 28%, against 34% in Q1 FY24 New Delhi, August 7th, 2024:  Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135% to INR 4.0 billion compared to INR 1.7 billion in Q1 FY24. The Company’s net profit for the first quarter stood at INR 0.07 billion as against loss of INR 0.07 billion in Q1 FY24. For the quarter, the Company achieved pre-sales of INR 31.2 billion in Q1 FY25 with year on year growth of 255%....

Mumbai, Maharashtra, India Aug 10, 2024 13:15 IST ​India’s largest villa rental brand is ready to host our Paris 2024 Olympics heroes for free vacations worth upto Rs. 50 lakhs. Once the games come to a close, StayVista wants to give them something they well and truly deserve after an exhilarating display: A Vacation. The brand is inviting our Olympics participants and their support system - family, friends, training staff or coaches who have made similar sacrifices. It is estimated that the complimentary stays could in the end be worth almost Rs. 50 lakhs. Olympics 2024 at Paris This #YouDeserveABreak initiative by StayVista comes on the heels of a proud and courageous effort by the Indian contingent in Paris. StayVista currently has 850+ villas in their portfolio ac...