The National Highway Authority of India (NHAI) is stepping up to finish the 19 km Gurugram stretch by December 2022. To complete the work and achieve the deadline, the workforce and machinery work with full efficiency to finish the project on time. Nitin Gadkari, Minister for Road Transport & Highways in the Government of India, also said that the Dwarka Expressway will be fully operational in...
For a 7-acre land parcel in Gurgaon, Pardos Real Estate, a development platform run by the $250 million Alternative Investment Fund of the DMI Group, paid roughly Rs 180 crore. The commercial property parcel in Sector 74, Gurgaon has a development potential of 800,000 square feet. The individuals previously mentioned that the purchase was handled by CBRE India and that the company plans to build an...
Omaxe, a developer of real estate, has been given a limited credit rating of CARE BBB-/Stable, an upgrade from the secure outlook of CARE BB. Omaxe reduced its debt from Rs 1400 crores to Rs 850 crores as of March 31, 2022, by repaying lenders an aggregate Rs 550 crore as principal costs. However, the issuance of NCDs of Rs. 440 crores (of which Rs. 340 crores are raised until Jun. 30, 2022)...
Approximately one million square feet of office, retail, service apartments, and a hotel will be built by the Elan Group on this land parcel in Gurugram's Sector 82. According to sources, the real estate company Elan Group has purchased a 7.65-acre plot of land from Ambience Group in Gurugram for more than Rs 200 crore in order to build a commercial property as part of its expansion strategy. The...
The purchase signifies Apollo Hospitals’ entry into the state of Haryana. The proposed integrated healthcare complex on Gurugram's Golf Course Road will be completed within 24 months, Apollo Hospitals announced that it had purchased a hospital asset from Nayati Healthcare and Research NCR Private Limited for about Rs 450 crore. The facility is located in Gurugram, Haryana, and is on land that has...
Numerous homebuyers and investors are currently interested in the Southern Peripheral Road (SPR), a 16-km long highway that is an important factor in New Gurgaon. When it becomes fully operational, the Gurugram SPR might revolutionize the city's real estate market. This is because it will connect Sohna Road, Golf Course Extension Road, and NH-8 directly, and improves connectivity. This will...
In the national capital, Delhi, there will be an auction for Ambience Mall shopping centre. The 1.2 million square foot mall, located in South Delhi, is currently being valued for auction. The Ambience Mal has not paid the debt to creditors like Indiabulls Housing Finance and others. However, the director of the mall declines any such notice regarding the auction process. In fact, the largest real...
The COVID-19 pandemic's intensity has decreased, and India has emerged as the fastest-growing global economy, which has brought attention back to real estate as an evergreen asset for investment. The rising demand from purchasers and investors for both residential and commercial properties reflects the boom. Gurugram and its growing markets are quickly emerging as the top real estate locations in the...
Oberoi Realty is in the final stages of purchasing a 50-acre land bank at Gurgaon's Golf Course Extension Road and is prepared to enter the real estate market of the National Capital Region. The financial terms were pending as the expert estimate that the land is worth more than Rs 1,000 crore. Oberoi must assume the debt to a financial institution that currently owns the land in order to acquire...
Toll will increase by more than two and a half times on Gurugram Sohna Expressway effectively from 4th of August. So, how much is the new tax as earlier was 45 only? There is unhappiness among the drivers due to increase in toll tax at Ghamdoj toll plaza. People said that on one hand, the rate of diesel, petrol and CNG is skyrocketing, paying two and a half times the toll tax on top of the people's...