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...
Deerika Hypermarket has secured a lease for 20,176 square feet of prime retail space in Elan Miracle, Gurugram. Elan Miracle known for providing a wide range of daily household essentials, including fashion items, electronics, luggage, footwear, and home fashion. Hypermarket has quickly established itself as a go-to destination since its inception in 2020. The retailer currently operates four...
Experion Developers has bought a land lot in Sector 48 in Gurgaon through a government auction worth around Rs 550 crore. The 5.5-acre plot of land is auctioned by HSVP. This is the company's fourth acquisition in the last several months. The land parcel will be used to build a luxury residential project in sector 48, Gurugram. This land acquisition is a key milestone for Experion Developers...
Galaxy Group, a real estate developer based in Noida, plans to undertake a high-end residential venture in South Delhi, with an estimated budget of Rs 1,000 crore, according to company sources. The opulent apartment complex will be erected on approximately 16,000 square meters of land situated in the Lodhi Colony and Sewa Nagar regions. The Rail Land Development Authority (RLDA) has allocated this land...
Royal Green Realty launched Shop-Cum-Office (SCO) project of the Courtyard 37D in one of the Gurgaon's most promising location Sector 37D. The project spans 3.63 acres and provides upscale built-up plots. The project provides business with a suitable scale, space, and visibility thanks to its wide choice of site sizes and flexibility for expansion up to 4 stories along with a basement. The project will...
Singapore-based NBFC with a real estate and infrastructure focus made its first investment in India by providing 200 crores as project financing for Vatika Group's premium residential project, Sovereign Park in Gurugram. The investment includes a term loan that aids in a partial refinance to the current lender and the rest sum is allocated for building. The project is located on a 10.5-acres of...
One of the established micro-market known for its upmarket residential and commercial construction, Golf Course Road is a desirable location for real estate development. An e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP) revealed that Godrej Properties, one of India's top real estate developers, had placed the highest offer and won the Letter of Intent to develop two group housing...
Experion Developers' has purchased three land parcels in the Delhi-NCR for Rs 1,100 crore for new residential and commercial development. Experion Developers is a 100% FDI-funded real estate developer supported by Singapore's Experion Holdings. A 4-acre land piece on Gurgaon's Golf Course Road was purchased for Rs 400 crore, and a second 5-acre parcel in Noida's sector 45 was purchased for Rs 250...
Hero Realty intends to start up real estate projects this fiscal year that would total over 4 million square feet and have a potential income potential of Rs 3,500 crore. According to Shah, the company, which is supported by Sunil Kant Munjal's Hero Enterprise, is also thinking about doing an initial public offering (IPO) in the next three to four years. Hero Realty intends to invest between Rs...