Listen To The Article Signature Global has announced the launch of three independent floor projects in Gurugram as part of its Mission 2023 initiative. Signature Global City 93 in Sector 93, Signature Global City 79 B in Sector 79, and Signature Global City 92-2 in Sector 92 are among the projects announced in Gurugram. "As part of our portfolio expansion, we are overjoyed to launch these...

Listen To The Article M3M Realty has secured a Rs 1,500 crore debt facility from alternative investment firm PAG Credit & Market for eyeing its portfolio expansion. The money will be paid back in four instalments of 600, 300, 250, and 350 crores over the course of 1.5 years. The funds will be used to expand the portfolio and make additional land acquisitions. M3M recently completed...

Listen To The Article With the recent earthquake in southern Turkey causing hundreds of highrise buildings to collapse. The Confederation of NCR Residents Welfare Association (CONRWA) has demanded a structural audit of all residential buildings in Delhi-NCR, particularly in highrises. The residents' body sent a letter to Union Urban Development Minister Hardeep Singh Puri, stating that...

Listen To The Article DLF plans to launch a new ultra-luxury project with 1,100 housing units on Golf Course Extension Road in Gurgaon. It has an estimated revenue potential of Rs 8,000 crore in the future. The official launch is scheduled for the next week. After a decade, DLF will launch a high-rise condominium. Crest and Camellias were their most recent projects in Gurgaon. DLF Limited...

Listen To The Article Max Estates, the real estate arm of Max Ventures and Industries Limited (MaxVIL), has entered the residential real estate market in Gurugram through a joint development agreement (JDA) with Namo Realtech Private Limited to develop 12 acres housing project. According to a statement issued by MaxVIL, the project has a development with a potential of approximately 2.4...

Listen To The Article The Delhi High Court on Tuesday ordered the authorities to maintain the status quo on various properties in the Mehrauli Archaeological Park area of the national capital that have been identified for demolition as part of an anti-encroachment drive until February 16. The high court also ordered the Delhi Development Authority (DDA) to respond to a slew of petitions...

Listen To The Article The town and country planning department (DTCP) has begun a survey to identify illegal colonies in Sohna and surrounding areas. So far, the team has discovered 12 illegal colonies. On the orders of DTCP director TL Satyaprakash, the survey is being conducted jointly by district town planners from the enforcement wing and headquarters. The emergence of illegal...

Listen To The Article Two more towers in the Chintels Paradiso Society have been declared unsafe, where two people were killed last year when Tower D partially collapsed, officials said on Tuesday, citing an IIT-Delhi structural audit report. Towers E and F of the society in Sector 109 are declared unfit for human habitation, according to Additional Deputy Commissioner (ADC) Vishram Kumar...

Listen To The Article K Raheja Corporation, a real estate developer, has paid more than Rs 275 crore for floor space index (FSI) rights in central Mumbai's Wadala neighborhood from a joint venture between MM Developer and Saroj Landmark Realty LLP. The FSI rights will be used to develop the free-sale component of a slum rehabilitation project in Shanti Nagar, Wadala. The project's slum...

Listen To The Article As demand in the National Capital Region remains strong, real estate developers such as DLF, Godrej, M3M, County, Max, and TARC are planning to launch new housing projects. The new projects will be built in areas such as central Delhi, the Noida Expressway, and Golf Course Extension Road Gurugram, which has seen a recent surge in land acquisition. One of the most...