DLF is expected to begin construction of a new 25 lakh square feet shopping mall in Gurugram this quarter at a cost of about 1700 crore in order to expand its company amid a boom in demand for premium real estate space from retailers. DLF currently has a retail footprint of around 42 lakh square feet, consisting of nine properties, including malls and shopping centres, primarily in Delhi-NCR. DLF...
Real estate developer Experion is entirely funded by FDI. Experion Holding Pte. Ltd., Singapore, the real estate investing arm of the $2.5 billion AT Holdings group of enterprises, is backing it. We have completed eight projects totalling about 6 million square feet. Throughout Haryana, Punjab, and Uttar Pradesh, we have been developing premium townships, modern commercial landmarks, and organized...
Real estate developer Wave Group plans to add 35 cinema screens at seven to eight new premises at an investment of around Rs 100 crore. Wave Group opened Wave Cinemas, a luxury 7-screen multiplex, on September 27 at M3M Urbana luxury in Sector 67, Gurgaon. According to the corporation, Wave Group now operates 10 multiplexes with 42 screens. They have identified seven to eight additional...
The retail real estate business expands across the country, a recent JLL India study report revealed bright numbers for the next years. According to the survey, there has been a remarkable increase in retail real estate supply across the country's seven major cities, with developers supporting the development. The new supply of retail real estate space is predicted to increase by 43% across seven...
The environment is shifting in Gurugram, and it's not just skyscrapers that are defining the city's future. Plotted development is quickly becoming the preferred option for homebuyers and investors alike, providing a blank image and the chance to build their dreams from the ground up. JMS Group, a real estate developer that creates communities with a focus on sustainability and openness, is at the...
The tunnel connecting the Kapashera border to NH-8 is being built to provide seamless connectivity from the Haryana border to the IGI Airport in Delhi, is around 80% complete, according to NHAI officials. The tunnel is part of the Dwarka Expressway, a major project of India's NHAI. The tunnel is the longest and widest urban road tunnel in the country, with a length of 3.6 km and eight...
The residential real estate market in India has seen a 35% year-on-year increase in non-resident Indian (NRI) investments over the last year. The average ticket size investment falling between 90 lakhs and 1.5 crore, according to NoBroker data. Although the trend is not new, the increase in demand is significant when compared to the period before to the Covid-19 pandemic, when it was in the single...
Haryana deputy chief minister cum civil aviation minister Dushyant Chautala has asked civil aviation officials to investigate the potential of constructing an airstrip along the Delhi-Mumbai Expressway in the Nuh-Gururgam area. The minister also asked officials to investigate the possibilities of constructing an airstrip along the under construction Delhi-Katra Expressway in the Haryana districts...
According to the ANAROCK Consumer Sentiment Survey 202,3 there is still a strong demand for mid-range and luxury properties, with 59 percent of consumers favoring residences between Rs 45 lakh and Rs 1.5 crore. The residences priced between Rs 45 and Rs 90 lakh are the most popular (favorited by 35% of respondents), followed by homes priced between Rs 90 and Rs 1.5 crore by 24% of respondents. This...
The NHAI and highway contractor L&T confirmed that the work to connect the cloverleaf junction on the Dwarka Expressway with the NH-48, and the SPR near Kherki Daula will be finished by the end of the month. This will ensure seamless connectivity for commuters across all three roads. Although both organizations claim that the road would be finished by the end of the month, neither was prepared...
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