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 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 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. Furthermore, under the Union government's regional connectivity...
Listen To The Article The smart world will invest nearly Rs 3000 crore in developing approximately 8 million square feet of premium residential space across three projects in Gurgaon. The first phase of the three projects will begin in 2023, and the company is also looking into projects in Mumbai, Bengaluru, and Pune. They have already done two projects in sectors 89&63 Gurgaon,...
Listen To The Article K Raheja Corporation Homes, the residential development arm of real estate developer K Raheja Corporation, has agreed to build a 1 million square foot luxury housing project on a 3-acre prime land parcel in Mahalaxmi locality, South Mumbai. The project will be developed through a sale agreement for the plot currently owned by Modern India, which has business interests...
Listen To The Article DLF Limited, a real estate giant, plans to launch a luxury housing project in Gurugram next month, with an estimated sales revenue of around 7,500 crore, in order to capitalise on strong demand for high-end apartments. DLF Group Executive Director and Chief Business Officer Aakash Ohri told that the company intends to build around 1,100 apartments in this residential...
Listen To The Article Mahindra Lifespace Developers, a leading real estate and infrastructure development body of Mahindra Group, will revamp two neighboring residential societies in Mumbai’s Santacruz West. These two residential projects will be developed on approximately 1.27 acres with a revenue potential of about 500 crores. As per Arvind Subramanian, MD and CEO of Mahindra...
Listen To The Article The real estate developer Shapoorji Pallonji Real Estate (SPRE) and PAG (an investment company) have to get involved to revive a super-luxury residential project in south Mumbai, “The Minerva,” India's tallest residential building, in South Mumbai's Mahalaxmi locality. The project will be developed and executed by the current developer, Lokhandwala Kataria...
Listen To The Article The Gurugram Metropolitan Development Authority (GMDA) is projected to begin building four-foot overbridges (FOBs) on the stretch this year and have them completed by the end of 2024 in order to facilitate safe and simple movement of pedestrians on the busy Golf Course Road. According to the GMDA approved plan, these pedestrian-friendly structures will be built to...
Listen To The Article The newly formed Residents Advisory Council (RAC) of the Gurugram Metropolitan Development Authority (GMDA) was informed that by June 2024, most of the roads in Gurugram would receive specialized repairs and upgrades to provide better connectivity and commuting experiences to residents. When the RAC met for the first time, Sudhir Rajpal, CEO of the GMDA, informed the...