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...

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...