Listen To The Article The 990-crore resolution plan for the insolvent real estate company Sare Gurugram, a division of Sare Homes, proposed by a consortium consisting of KGK Realty and Dhoot Infra, has been approved by the insolvency tribunal NCLT. A two-member primary bench in Delhi, made up of President Ramalingam Sudhakar and Member Technical A K Srivastava, approved the bids and ordered that...
Listen To The Article Buying a home in India can be difficult and complicated with many steps and paperwork involved. This includes applying for a loan, obtaining a home loan sanction letter, transferring the property title, obtaining a no-objection certificate from the builder, and registering the sale deed. The home buying process can take an extended time and involve multiple agencies. To...
Listen To The Article The data analytics company PropEquity revealed that the unsold housing stocks reduced by 6% between January and March to approximately 5.18 lakh units across 14 Indian cities, compared to the prior quarter. Between the first trimester of the year, unsold inventory decreased from 5,48,217 units to 5,17,879 units. Housing sales were 1,23,938 units during the January to March...
Listen To The Article IndoSpace, an industrial and logistics parks developer invested Rs 1000 crore to expand its warehousing presence in NCR region, according to a senior executive. The company has built two logistics parks, one in Dhatir, near Palwal, and another in Taoru, near Sohna, sum up 3.4 million square feet of space. "From a warehousing viewpoint, NCR is a prime location for us." We...
Listen To The Article Real estate developer Vatika Group has leased more than 1 million square feet space for its upcoming office and retail projects as demand for quality space has increased after pandemic. Delhi-NCR dominated the absorption levels and witnessed an increase in rentals in Central Business District area. The vacancy levels have dropped in Central Business District of Gurguram and...
Listen To The Article Renowned developers and foreign funds focused on Delhi-NCR and Mumbai to invest in land acquisition throughout 2018–2022, as over 60% of the fund was used in these two major cities, according to an analysis conducted by property consultancy firm CBRE. Delhi-NCR attracts approx. 3.8 billion to acquire 1760 acres of land spread across 67 deals, while Mumbai witnesses 73...
Listen To The Article Mohan Exports, the parent company of Mohan Group, has purchased approximately 27,000 square feet of premium office space at DLF Horizon Centre on Golf Course Road in Gurgaon from Hero Cycles for Rs 80.66 crore. DLF, which is also a leading lease-rental company, sold several office floors to prominent families and corporations between 2014 and 2019, but then stopped selling....
Listen To The Article Fortis Healthcare said that it had signed final bonds with the VPS Group to buy the Manesar based Medeor Hospital in Gurugram, for Rs 225 crore. The hospital may be operationalized gradually in roughly nine months and has a 350-bed maximum bed capacity. A combination of loans and internal accruals will be used to finance the transaction. Following IHH Healthcare's...
Listen To The Article Godrej Properties Limited, encouraged by the strong housing demand, purchased 18 land parcels in 2023 for the development of new projects with an estimated sales potential of more than 32,000 crores. The Mumbai-based Godrej Properties, a part of the behemoth Godrej Group, stated that it will add new land parcels with a sales revenue potential of Rs 15,000 crore. In order...
Listen To The Article Renowned real estate developer M3M India recorded its highest-ever sale of Rs 13,000 crore during the financial year 2023, an increase of 113% as compared to the financial year 2022 Rs 6,100 crore. M3M India's founder, Pankaj Bansal, claims that the group aims to achieve Rs 20,000 crore in sales in the financial year 2024 due to the continued growth of the residential...