Listen To The Article Sohna is a prominent micro-market centrally located in South Gurugram, becoming a prominent location for investment. Since the opening of the first stretch of the Gurgaon-Sohna Expressway. The commute time between the rest of the city and its southern suburb has been reduced to 15 minutes faster within Gurugram. As a result, Sohna is experiencing increased demand for...

Listen To The Article The Haryana Government's Deen Dayal Jan Awas Yojana (DDJAY), a scheme to provide affordable housing units, has been suspended in Gurugram and Faridabad districts for being unaffordable to the common man. The decision was taken after CM Manohar Lal Khattar raised the issue of pricing of these units in the two districts with the departments concerned while pointing out...

Listen To The Article Arkade Group, a Mumbai-based redevelopment builder, has purchased a plot from Bajaj group company Hercules Hoists for more than Rs 103 crore.  The company will construct a residential project on 8300 square metre plot in Mulund's eastern suburbs, with the potential to develop 0.5 million square feet of 2 and 3-BHK apartments. According to Amit Jain, Managing...

Listen To The Article According to international property consultant Savills, premium residential values in Mumbai, Bengaluru, Delhi, Gurugram, and Noida will rise significantly through 2022. Demand for rental properties has also increased as professionals have returned to their workplaces. End-users are considering renting larger homes in residential complexes with superior facilities in...

Listen To The Article New York Life Insurance Company, a mutual life insurance company based in the United States, has proposed an investment of Rs 290 crore for a 49% equity stake in a Max Estates SPV commercial project in Gurgaon. Max Estates Limited has acquired Acreage Builders Private Limited's remaining 2.39% equity share capital. Max and New York Life will own 51:49 of ABPL, which has...

Listen To The Article Oberoi Realty, a leading Mumbai-based real estate developer, has bought over 5 lakh square feet comprising 63 residential units in a luxury housing project at Worli, Mumbai.  Oberoi Realty said that its shareholders approved the acquisition of residential premises in the project "Three Sixty West" constructed by Oasis Realty for up to Rs 4000...

Listen To The Article The National Capital Region Transport Corporation is constructing a massive semi-high-speed rail network in and around the Delhi NCR area. In the first phase, three flagship Regional Rapid Transit System corridors, including the Delhi-Alwar RRTS, are being built.  The train will link the national capital to nearby areas in Haryana and Rajasthan, including hubs such...

Listen To The Article The budget decision to limit the deduction from capital gains on investment in residential property under Sections 54 and 54F to Rs 10 crore is likely to dampen demand for super-luxury real estate. Sections 54 and 54F of the Income Tax Act of 1961 apply to long-term capital gains (LTCG) on selling capital assets such as homes, equity, bonds, and gold and their...

Listen To The Article The Union Budget 2023 is comprised of a number of major announcements linked to the real estate industry and has a long-term impact. Infrastructure investment has a large multiplier effect on economic growth and employment. Private investments resume after post-pandemic home demands. Budget 2023 takes the initiative to accelerate the virtuous cycle of investment and...

Listen To The Article   The process of establishing a heliport in Gurugram's Sector 84 is nearing completion, according to Haryana's deputy chief minister Dushyant Chautala. The establishment of this heliport will provide a new option for Delhi's airspace, as well as a good connectivity option for the states bordering Haryana. pilot and cabin crew training centre at two...