Latest news with #premiumapartments
Reuters
6 days ago
- Business
- Reuters
Indian homebuilder Sobha's profit jumps on sustained demand for premium apartments
July 25 (Reuters) - Indian homebuilder Sobha ( opens new tab reported a first-quarter profit on Friday that more than doubled, helped by higher prices and sustained demand for premium apartments. The Bengaluru-based real estate company, which logged record sales, opens new tab in the June-quarter, said its consolidated net profit rose to 136.2 million Indian rupees ($1.58 million) from 60.56 million rupees year. Revenues rose 33% to 8.52 billion rupees. In recent years, Indian real estate developers have capitalized on a post-pandemic shift in buyer preferences towards larger, amenity-rich apartments by securing land deals and swiftly launching new projects. But with the frenzy cooling in some parts of the country, homebuilders have pivoted from chasing higher sales towards timing their launches as per shifts in demand, analysts have said. National elections delayed approvals for project launches last year across the real estate industry - which hampered timelines for Sobha as well until recently. With approvals-related bottlenecks easing, analysts at HSBC expect the current fiscal year to mark a "turnaround" for the company PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT APRIL-JUNE STOCK PERFORMANCE -- All data from LSEG -- $1 = 86.4490 Indian rupees
Zawya
21-07-2025
- Business
- Zawya
Madar launches 99-unit Tulip Oasis branded homes in Dubai
UAE-based real estate developer Madar Developments has expanded its legacy brand portfolio, introducing the 11th edition under the Tulip Oasis Collection, in Dubai. Featuring 99 premium apartments, Tulip Oasis 11 Residences is set for completion in September 2026, offering residents and investors elevated living experiences in the heart of the Majan district. Thoughtfully created and designed by Madar's in-house team of designers, architects and construction experts, Tulip Oasis 11 Residences will encompass expansive signature homes consisting of 48 one-bedroom and 51 two-bedroom apartments that focus on wholesome living in a vibrant community. With a gross development value of AED130 million ($35.4 million), Tulip Oasis 11 Residences marks the developer's fourth premium property launch in Majan since 2023, thus showcasing the growing demand for elevated lifestyles in the community. Younes Al Arab, Managing Director at Madar Developments, said: "At Madar Developments, we blend elevated designs and expansive spaces with functionality to deliver the best possible living experiences. Tulip Oasis 11 Residences exemplifies our dedication to quality and innovation, while reflecting our commitment to creating premium developments that offer lasting value and comfort in vibrant communities such as Majan." Strategically located in one of Dubai's most promising and upcoming residential areas, Tulip Oasis 11 Residences provides convenient access to Dubai's leisure and commercial districts, including Global Village, Dubai Hills Mall, and Dubai Marina, while providing serene views of the city skyline. It will feature beautifully designed homes and premium amenities curated for modern living, stated Al Arab. With a focus on wellness and lifestyle, residents will enjoy a fully equipped gym and yoga area, swimming pool, plunge pool, sauna rooms, a children's play area, BBQ area, EV charging stations, and a welcoming lobby lounge, providing a community environment that prioritises comfort and connection, he added. Al Arab said the development has been carefully designed to blend a sense of harmony and space, with an abundance of natural light through floor-to-ceiling windows and expansive open living areas. "The apartments will include matt finish porcelain tiles, marble-textured kitchen counters, and dark oak wood fittings, seamlessly combined with marbling features and natural tones for a warm aesthetic and timeless elegance. Furthermore, each apartment offers a fully equipped kitchenette, dedicated laundry and storage areas, bespoke walk-through wardrobes with concealed LED lighting and spacious storage," he stated. To woo investors, Madar Developments is offering a flexible 40/60 payment plan with prices starting at AED988,000 for a one-bedroom and AED1.42 million for a two-bedroom apartment, he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
News.com.au
13-05-2025
- Business
- News.com.au
70 new homes bound for Gabba precinct in lead-up to 2032 Games
A collection of 72 premium apartments is coming to East Brisbane, with a design that takes cues from an iconic Queensland plant. The 10-storey tower at 169 Wellington Rd is named the Banksii: named after the Grevillea Banksii, which can be found right across the road in Raymond Park. Designed by Mas Architects, managing director Nick Symonds said the building's look was created with its views of nature and the Brisbane River in mind. 'The screen elements on the front facade … they reference the flower in terms of its symmetry and its softer elements,' he said. 'We really just designed the building to reflect that viewpoint and connect back to the park.' The building sits on a 1619 sqm block, and features one-bedroom, two-bedroom and three-bedroom offerings for residents. Developed by Vector Property Group, rooms will have a subtropical design and a focus on natural light, along with outdoor living spaces for time under the sun. '[There's] a real focus on new lines and opening up interiors to the outside,' Mr Symonds said. 'I think the indoor-outdoor feeling is obviously a reflection of our Queensland lifestyle, where we like to dine and BBQ outside.' MORE: Big bank's huge rates call amid property confidence spike Handbag heir sells lavish Byron Bay hinterland estate for $30m In addition, residents will be able to share gym and rooftop facilities proposed by the developer, which include a swimming pool, pool deck, bar and alfresco dining spaces. 'Even with apartments that don't look back onto the city, they also get the opportunity to see the roofline and experience that in those communal spaces,' Mr Symonds said. A retail offering will also be present on the ground floor, expected to be a coffee shop. 'Banksii is a statement project that reflects our ambition to help shape Brisbane's evolving residential landscape,' Vector Property Australia joint managing director Rhett Williams said. 'As our third project in Brisbane, it reflects the growing appetite for affordable luxury apartment living in the city's expanding market. We see strong demand from buyers who want location, lifestyle, and considered design, and Banksii delivers on all three.' Mr Symonds said it was one of many developments helping to reshape the spaces around the iconic Gabba Stadium, in advance of its swan song during the 2032 Olympic Games. 'It's going to diversify and become a home for many new people, and it's going to bring a lot of new opportunities,' he said. Nine one-bedroom units, 36 two-bedroom units and 27 three-bedroom units will be available to purchase when the project goes to market. Construction is estimated to start later in 2025, with an expected completion at the end of 2026.
