Golf Course Road is a well-established luxury micro market in Gurgaon that has seen significant demand from both High Net worth individuals and high-end consumers. Because of high property prices investors are backing, and DLF knows how to win this game in these situations. DLF has completed the sale of all 1,137 units at Golf Course Extension Road, valued at Rs 7 crore and above, for more than Rs...
The Grade A+ office complex 'AIPL Business Club', which is owned by Gurugram-based Advance India Projects Limited (AIPL), has leased out roughly 5 lakh square feet of office space, the company announced on June 13. AIPL specialises in creating upscale commercial and residential real estate projects. With an average lease agreement term of 9 years, AIPL expects that the project will generate yearly...
Mukesh Ambani, India's richest person, has quickly transformed Reliance Industries Limited into a business conglomerate with the most diverse interests. RIL subsidiary Model Economic Township Limited, or MET City, is currently building a world-class smart city from the ground up near the national capital region. The new greenfield city is being developed in Jhajjar Haryana near Gurugram, a key...
Real estate developers are responding to consumer housing demand by building larger flats in major cities. From January to March of this year, the average size of flats introduced in seven cities climbed by 5% over the previous year. According to the data, the average size of apartments in these seven main cities increased from 1,170 square feet last year to 1,225 square feet this...
The share of non-resident Indians (NRIs) in the Indian property market has doubled since the Covid-19 outbreak, and nearly 20% of sales for several real estate developers are now coming from outside the nation. According to industry experts, the share of NRIs in premium and luxury product sales has more than doubled to 20%. Prior to the coronavirus epidemic, NRIs accounted for fewer than 10% of...
The Gurugram Metropolitan Development Authority (GMDA) and the Municipal Corporation of Gurugram (MCG) will form a joint committee to develop the city's green belts. PC Meena, CEO of the GMDA, asked architects, landscapers and residents to submit proposals for improving green belts, crossroads and pathways. The best suggestions will be recognised and adopted. The emphasis is on the city's overall...
The Gurugram Metropolitan Development Authority (GMDA) will rebuild five master roads between sectors 99 and 115 to link traffic with the newly opened Dwarka Expressway. These roads are currently impassable and full of potholes, with blacktop layers washed away. More than 80 crores would be spent on the development of these five connecting highways, which are expected to be completed within a year....
The Union Cabinet ministry approved the metro rail connectivity from the HUDA City Centre metro station to Cyber City in Gurugram on Wednesday, with the goal of strengthening public transport in the NCR region. After the approval order is issued, the project will be carried out by Haryana Mass Rapid Transport Corporation Limited (HMRTC), which will be established as a 50:50 special purpose vehicle...
The Department of Town and Country Planning (DTCP) has formed four teams to survey nearly 60 high-rises in Gurugram as part of the roll-out of the second phase of the structural safety audit of condominiums, which was directed by the district administration last week. The teams have been given a deadline of 15 days to complete the survey. Each team has been tasked with performing a visual check of...
The development of municipal amenities at the Global City project site is expected to begin in August. The Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) has invited bids for three land parcels sum up 142.5 acres, with a combined reserve price of Rs 7,817 crore. The Global City project will be built in two phases on a total of 1,003 acres in sectors 36B and 37B of...