Listen To The Article M3M, a real estate developer, will invest Rs 1800 crores in the construction of several projects on the Dwarka Express, including luxury residential, retail, and SCOs, with a revenue potential of over Rs 6100 crores. M3M India's revenues increased 34% year on year to Rs 3583 crores in the first half of fiscal year 2022-23. The business has begun utilising vast land...
Listen To The Article The completion of the Dwarka Expressway and the development of Global City will propel Gurugram to new heights, said Dushyant Chautala, deputy chief minister of Haryana. "Dwarka Expressway is nearly completed, and the Global City Project is most likely to open in the next 3–4 years," he stated in an interview. "The Delhi and Haryana state governments are trying to...
Listen To The Article The wait for hundreds of homebuyers of Vipul World, a housing society situated on Sohna Road, Gurugram for new electricity connections is to be expected to end soon. This is as the developer has finally submitted the necessary bank guarantee of about Rs 10 crore to DHBVN. Around 18 months back, the DISCOM had stopped allotting fresh connections to the housing societies...
Listen To The Article TARC Tripundra, located on Bijwasan Road in New Delhi, will include 190 3 BHK and 4 BHK homes in this luxury housing project. TARC Limited, a well-known real estate developer, said on October 14 that it would invest Rs 250 crore in constructing a premium housing project near Indira Gandhi International Airport, Delhi. The corporation would invest Rs 250 crore in the...
Listen To The Article Sobha Ltd recorded a 13% increase in sales bookings to Rs 1,164.2 crore in the second quarter of this fiscal year, owing to higher price realization. In terms of volume, sales bookings fell to 13,36,828 square feet in the July-September quarter of the 2022-23 fiscal year from 13,48,864 square feet the previous year. In the previous year, it had sales bookings of Rs...
Listen to The Article The company, which primarily operates senior living facilities, announced in a statement that it has opened a 22-acre kid-centric project called “Ashiana Amarah” in Sector 93, Gurugram. Despite a rise in home loan interest rates, Ashiana Housing Ltd said on Monday that it had sold all 224 flats in its new Gurugram housing complex for Rs 242 crore, owing to festive...
Listen to The Article The enforcement wing of the department of town and country planning (DTCP) partially demolished 27 flats in the Palam Vihar area on Thursday after developers and property owners unsealed the sealed units and resumed work. The DTCP has sealed 32 flats that were illegally built by developers in the neighbourhood. The violators, on the other hand, quickly removed the seals...
Listen to The Article The upcoming cabinet meetings of the state and federal governments may put two proposed metro lines for the city on the agenda, where the present urban rail network is limited to 17 kilometres and has not been extended since 2017. One of the two planned routes is an 8.4-kilometer-long corridor. Gurugram runs from Palam Vihar to Dwarka in Delhi. The metro line for...
Listen To The Article The Reserve Bank of India's decision to raise the repo rate by 50 basis points to 5.9 percent, far higher than the pre-pandemic level of 5.40 percent, is likely to restrict the pace of expansion in the residential real estate industry. The city's realtors believe the move will have a long-term impact on the sector's growth and could have been postponed until after the...
Listen to The Article DLF will build a new premium low-rise independent floors housing complex in Gurugram with a sales value of more than Rs 1,800 crore, stated the company’s Group Executive Director Aakash Ohri on September 26. The Grove, located in DLF5, Gurugram, is a low-rise luxury development with 292 units offering 4 BHK and 4 BHK plus entertainment lounge, as well as a staff room...
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