Listen To The Article Ganga Realty a Gurugram-based developer, will invest Rs 750 crore in developing Tathastu, an affordable housing project in Sector 5, Sohna. The project will be spread across around 22 acres and offer 3 BHK apartments with a carpet area of 645.73 square feet at a price of Rs 25.14 lakh onwards.  The project is located in Sohna-Gurugram Sector 5 and is only a...

Listen To The Article The Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has ordered Splendor Landbase Limited to pay delayed possession charges of 10.6 percent interest to buyers in a commercial project after the developer failed to complete construction and deliver units on time. "The accused promoter is ordered to pay the stuck possession charges at the approved rate of...

Listen To The Article Despite being on paper for several years, work on the redevelopment of Southern Peripheral Road (SPR), which includes the construction of eight flyovers, has yet to begin. This is because the state government has yet to approve the Rs 845-crore project.  Furthermore, in the absence of the required number of bidders, the technical bid for the project could not be...

Listen To The Article After some delay because of the disputable land parcels, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has invited bids to auction three mixed-use sites for the ambitious Global City Project in Gurugram. The e-auction of three Gurugram Global City land parcels totaling 142.52 acres will be held on May 19. The last date for registering...

Listen To The Article The New Delhi Railway Station is set to undergo a major renovation this year, which will be completed in three phases. Initially, the station’s only platform was between platform 16 Ajmeri Gate and platform 1 Paharganj. The Indian government announced in 2022 that the New Delhi Railway Station would be renovated at the cost of Rs. 4,700 crores. The Union Cabinet had...

Listen To The Article Amazon has leased 5 lakh square feet of office space in Hyderabad and 3 lakh square feet of office space in Gurgaon for five years. Amazon has leased ground plus ten floors in Hyderabad for 60 months, totaling 4,87,800 square feet of space. The ground plus fourth floors were leased for Rs 52 per square foot per month, while the fifth to tenth floors were leased for Rs...

Listen To The Article The Delhi Traffic Police plans to close a 500-metre stretch of National Highway 48 on the Delhi-Gurugram Expressway for approximately 90 days to help the construction of a flyover and two underpasses, rising concerns about traffic congestion on the already congested stretch. The closure near Shiv Murti is intended to allow projects that will connect south Delhi with...

Listen To The Article Max Estates, a subsidiary of Max Ventures and Industries Ltd (MaxVIL), plans to invest about Rs 3,400 crore in new residential and commercial projects in Noida and Gurugram over the next four to five years, according to Sahil Vachani, the company's Managing Director (MD) and Chief Executive Officer (CEO). The company has purchased a plot of land in Noida's Sector 128...

Listen To The Article The Special Window for Affordable and Mid Income Housing (SWAMIH) investment fund has finished more than 20,000 homes worth 12,000 crores since its launch in 2019. The Union Finance Ministry is funding the SWAMIH fund, which is aimed at debt financing of distressed and affordable housing properties. Stressed properties are repossessed properties from a defaulting...

Listen To The Article The Gurugram Metropolitan Development Authority (GMDA) announced that construction on a key stretch of the master sector dividing the road passing through sectors 77, 78-78A, and 79-79A would begin within 15 days. It was stated that a hillock would be cleared to make way for sector road construction. GMDA officers stated that they got permission to remove the hillock in...