April 2023

Circle Rates Hiked By Up To 30% In Gurugram; Property Registries To Get Costlier In Some Sectors

Circle Rates Hiked By Up To 30% In Gurugram; Property Registries To Get Costlier In Some Sectors

Listen To The Article The Gurugram administration raising circular rates by up to 30% throughout the district, as a result the property rates in Gurugram are expected to rise. According to the order made by the district collector of Gurugram on April 3, rates for residential, agricultural, and commercial properties in Gurugram tehsil have increased by 20%, while rates in Badshahpur tehsil have...

Hero Realty And Saheb Enterprise To Build Rs 2,000 Crore Project In Gurugram

Listen To The Article Hero Realty has partnered with Saheb Enterprise to build a 2 million square foot mixed-use joint project in Gurugram with a projected sales income of Rs 2,000 crore. Hero Enterprise is owned by Sunil Kant Munjal that promotes Hero Realty. Sources claim that Hero Realty and Saheb Enterprise, the owner of an 8-acre property tract, have inked a joint development agreement for...

GMDA Plans 1% Cess On Property Transfers To Fund 845 Crore SPR Gurugram Project

GMDA Plans 1% Cess On Property Transfers To Fund 845 Crore SPR Gurugram Project

Listen To The Article The Gurugram Metropolitan Development Authority (GMDA) has suggested levying a 1% user fee in the form of a duty on real estate transfers in the areas along the Southern Peripheral Road (SPR), Gurugram. Due to finance concerns, the SPR project has been delayed; however, according to GMDA, the full tendering procedure has been finished, and the powerful committee headed by...

Strong Demand For Luxury Homes In Gurugram Led To 10% More Housing Sales In January-March

Listen To The Article The national capital region's prime residential market, Gurugram saw a net 10% hike in housing sales in the first trimester of 2023. But, other NCR regions like Noida and Greater Noida, saw housing sales fall by 23%, according to the reports of Anarock. The real estate experts in Gurugram anticipated the strong demand for luxury and ultra-luxury homes. As per the Anarock...

How Gurgaon Metro Route Will Prove Beneficial For The Real Estate Industry

Listen To The Article The Gurugram Metro declaration made during the Haryana budget is expected to significantly increase demand for residential and commercial space, according to real estate developers. With 27 stations, including a stop at the Dwarka highway, the projected 28.8-km-long corridor that will connect the Huda City Centre to Cyber City via Old Gurgaon is anticipated to feature 27...

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