Gurgaon's real estate market experienced the largest growth in home demand during the second quarter of the year. Increasing home demand and decline in availability have created an exciting market environment that has raised usual rates and changed the dynamics of the Gurgaon real estate market. According to the most recent data from Magic Bricks, the demand for properties in Gurgaon increased by...
The India division of Dubai-based real estate developer Emaar Properties has signed a joint venture deal with Worldwide Resorts & Entertainment to build a 73.60-acre land parcel in Gurgaon for Rs 278 crore. This was Emaar India's third contract since December 2021, and it was signed in June 2023. Emaar India and Synergy Finhub signed a joint development agreement (JDA) in August 2022 for the...
Bharti Realty intends to invest more than Rs 6,595 crore in the construction of a global commercial hub close to the Delhi airport. The next phase of the development of Aerocity will include the construction of about 6.5 million square feet of office and retail space. Bharti Realty successfully constructed Worldmark 1, 2, and 3 in the first phase, totaling about 1.5 million square feet space....
The Gurugram Metropolitan Development Authority (GMDA) has floated tenders to repair and improve walkways on six important city roads in the next six to nine months in order to help pedestrians on city roads commute securely and comfortably. Almost 12 km of sector roads in sectors 32/39, 52/57, 33/34, 24/27, 51/57, and 49/50 will be upgraded. These roads receive a lot of traffic, so creating better...
The average premium housing rent increased by 28% in the first half of this year as a result of increased demand, limited supply, and growing capital values, according to Savills India. The average rental rate in Gurugram "seen an increase of 28% year-on-year across all segments. The prime locations like Golf Course Road, and Golf Course Extension Road witnessed the largest increases in rental...
Due to the upcoming festival season, developers have been buying land over the last six months in an effort to meet the increased demand for homes. Delhi-NCR is expected to have a record number of housing unit launches around the coming festive season. NCR based real estate developers like DLF, Godrej, L&T, TARC, Signature Global, and County Group among the developers with launches scheduled...
The demand for luxury homes has been expanding in Delhi NCR. So, that the residences price more over Rs 3 crore make up about 35% of for the Sobha portfolio. Increase in our profit as a result of the mix change from the mid-luxury to a slightly high-end luxury market. As a result, for the first time this quarter, we exceeded the Rs 10,000 average price realisation threshold. The business had...
The Master Plan 2041 was approved by the Greater Noida Industrial Development Authority (GNIDA), opening the path for this satellite town near Delhi to continue to expand. The master plan calls for the purchase of 40,000 hectares of land for the growth and development of Greater Noida. Greater Noida currently covers 31,733 hectares. After the master plan is implemented, the city will encroach on...
Residential property prices in the Delhi-NCR region have increased strongly over the last five years as per 99acres data. Changes in government policies, economic situations, and regulatory reforms have all contributed to market changing aspects. "More than 1.6 lakh housing units are set to be delivered to home buyers across Delhi NCR in 2023," said Maneesh Upadhyaya, Chief Business Officer,...
Global Health Limited (Medanta), a prominent private multi-speciality healthcare service provider, and DLF, a real estate giant, has signed an agreement to launch a 400-bed multi-super speciality hospital in the heart of Delhi. Medanta and DLF both will hold 50 percent of the new company. DLF will be a strategic investor, while Medanta will administer and control the hospital. The super-specialty...