Listen To The Article The ICON, a new project launched by the Gurgaon-based, renowned real estate developer Mapsko Group. The property is strategically located on 2.312 acres of land in Sector 79, Gurgaon. The ICON offers residents a lavish way of life with its 53 classily designed 4BHK apartments measuring 3500 square feet. With an abundance of top-notch amenities, such as an elegant...
Listen To The Article Paras Buildtech, a reputed real estate company, announced that it expects to earn Rs 108 crore from its new commercial property in Gurugram. According to the sources, the company has started a new project where it would sell more than 40 plots for the development of SCOs (shops cum offices). The 'Paras Arcade 114' project spans around 3.25 acres and contains 4,597 square...
Listen To The Article MCG has established 16 teams to investigate cases of tax evasion involving conversions of properties from commercial to residential, industrial, or institutional usage, and they have to report their findings by April 30. There are 1,244 commercial properties have been reclassified as residential homes, 514 as industrial assets, 95 as institutional facilities, and 403 as...
Listen To The Article The Union Housing and Urban Affairs Ministry has blacklisted two firms involved in the ill-fated NBCC Green View project in Gurgaon, barring them from receiving any work from the ministry for two years for substandard work. Supreme Infrastructure India Ltd and Ramacivil Construction Pvt Ltd have also been barred from receiving work from the ministry's attached entities,...
Listen To The Article Nitin Gadkari, the union's minister of transport and highways, will dedicate the cloverleaf intersection, which connects the Dwarka Expressway and NH-8 Southern Peripheral Road with four-way loops, next month. After meeting Gadkari and talking about numerous projects related to the NCR area, Union minister and Gurgaon MP Rao Inderjeet Singh stated on Wednesday that the...
Listen To The Article Gurugram real estate market has grown exceptionally in both the residential and commercial sectors. Regardless of high competition from important NCR markets like Noida, Greater Noida, and Faridabad. Gurugram has developed into a well-known investment area in recent years on a global scale as a result of the considerable presence of Fortune 500 firms and multinational...
Listen To The Article Godrej Properties Limited recorded its highest-ever quarterly and yearly sales in Quarter 4 Financial Year 2023. With a record bookings of INR 4,051 crore and growing by 56% to INR 12,232 crore. Sales volumes increased by 19% Quarter on Quarter from 4.42 million square feet to 5.25 million square feet during the period. Sales volumes increased by 40% in area terms from...
Listen To The Article The RBI held the repo rates constant at 6.5%, which goes against the grain of prevailing predictions. The affordable and mid-segment homebuyers are especially relieved, as they were worried that the increase in the repo rate would make it even more difficult to purchase properties by using house loans. Since May 2022, the RBI has increased the repo rate by 250 basis points,...
Listen To The Article Gurugram Developers want that the city's infrastructure must be upgraded and the stilt-plus-four-floors policy restored. They claimed that because there is such a high demand for residential floors in the city, there is a need for establishing criteria for building, the environment, and other concerns associated with fourth floors. The developers met with P Raghavendra, the...
Listen To The Article The National Capital Region (NCR) saw a spike in new residential unit releases during the first quarter of 2023, as per the most recent data by the real estate consultants Anarock. However, there has been a small decline in sales due to several reasons. Around 12,450 new apartments were added across NCR cities in the first quarter of 2023, which is 34% more than the same...