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Other Developments
A curated list of other prominent stories from this day.
11:03 AMThe Property Times
Prateek Grand Begonia Achieves ₹1,200 Crore Sales Milestone; 600 Homes Sold in FY 2025-26
Summary
Prateek Group says its Prateek Grand Begonia project in Siddharth Vihar, Ghaziabad sold 600 homes in FY 2025-26, generating about Rs 1,200 crore in sales value. The project performance is positioned as evidence of rising demand for luxury housing in emerging NCR micro-markets such as Siddharth Vihar.
Why it matters
Large-ticket absorption in an emerging Ghaziabad micro-market signals where NCR’s next wave of premium residential supply and capital is likely to concentrate.
NCLT approves Mantra Properties’ resolution plan for stalled project in Worli
Summary
The NCLT Mumbai approved Mantra Properties and Developers' resolution plan to revive a stalled residential project in Worli, Mumbai. The project is estimated to have revenue potential of about Rs 2,000 crore.
Why it matters
A successful restart in Worli can unlock large cash flows and set a precedent that reshapes bargaining power in future insolvency resolutions for stuck Mumbai projects.