TransIndia Real Estate Limited, an Allcargo Group firm, has purchased two land parcels for warehousing in Gurgaon's Farukh Nagar for a total of Rs 231 crore. Both plots of land are located in Reliance Industries' Model Economic Township. According to papers discovered by analytic firm CRE Matrix, the first property piece, covering 56.52 acres, was purchased for Rs 134 crore by Allcargo Inland Park...
Godrej Properties purchased around 15 acres of land in Gurugram Sector 103 for a net value of Rs 403 crore from Microtek Infratech. The news confirmed by CRE Matrix, a real estate data analytics business provider. The sale deed was signed in the name of Godrej Vestmark LLP On June 22, 2023. According to the paperwork, the company also paid a stamp duty of Rs 28.21 crore for the...
Tulip Infratech will invest Rs 280 crore to create 350,000 square feet of residential space as part of phase 2 of its Tulip Monsella project on Golf Course Road in Gurugram. The Gurgaon-based developer obtained the Golf Course Road site from PNB Housing Finance Limited, which had taken over the 19-acre plot in 2020 after its borrower Vipul Limited failed to repay a Rs 412-crore loan taken for the...
Eldeco Group has purchased 8.5 acres of land in Sector 80 Gurugram for Rs 165 crore through an auction organized by the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). Pankaj Bajaj, Chairman and MD of the company, told that the company expects to invest another Rs 400 crore in the construction of an 850,000-square-foot residential property. Eldeco Group intends to...
A Gurgaon-based real estate developer Adore Group, has purchased 10.20 acres of land in Sector 77 Gurgaon and plans to invest Rs 200 crore in the development of a residential project, according to a senior official. Director and founder of Adore Group Mr. Jetaish Gupta said that "This is the first Greek lifestyle residential project launch in Gurgaon" The project will include a 60,000-square-foot...
Signature Global, a Delhi-NCR based real estate developer, plans to build over 21 million square feet residential projects over the next six to seven years, according to the company's CEO, Rajat Khaturia. Signature Global is all set to launch its IPO on September 20, will build 19 low- and middle-income developments in Gurugram and its catchment areas such as Sohna Elevated Road and Manesar. "We...
Experion Developers, backed by Experion Holdings of Singapore, intends to invest Rs 4,700 crore in the construction of luxury apartments in Gurugram and Noida in Financial Year 2024. The company anticipates three projects in the two cities bordering the national capital, totaling 4.1 million square feet and a collective top line of Rs 6,500 crore. It intends to invest Rs 1,400 crore in Noida's...
The India division of Dubai-based real estate developer Emaar Properties has signed a joint venture deal with Worldwide Resorts & Entertainment to build a 73.60-acre land parcel in Gurgaon for Rs 278 crore. This was Emaar India's third contract since December 2021, and it was signed in June 2023. Emaar India and Synergy Finhub signed a joint development agreement (JDA) in August 2022 for the...
The Master Plan 2041 was approved by the Greater Noida Industrial Development Authority (GNIDA), opening the path for this satellite town near Delhi to continue to expand. The master plan calls for the purchase of 40,000 hectares of land for the growth and development of Greater Noida. Greater Noida currently covers 31,733 hectares. After the master plan is implemented, the city will encroach on...
Global Health Limited (Medanta), a prominent private multi-speciality healthcare service provider, and DLF, a real estate giant, has signed an agreement to launch a 400-bed multi-super speciality hospital in the heart of Delhi. Medanta and DLF both will hold 50 percent of the new company. DLF will be a strategic investor, while Medanta will administer and control the hospital. The super-specialty...
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