Apartment

Sobha’s Sales Bookings Increased 13% To Rs 1,164 Crore

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...

Ashiana Housing Sells All 224 Units For Rs. 242 Crore On The Day Of The Project's Inauguration

Ashiana Housing Sells All 224 Units For Rs. 242 Crore On The Day Of The Project’s Inauguration

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...

Owners De-Seal Illegal Flats, While DTCP Partially Demolishes 27 Units In Palam Vihar, Gurugram

Owners De-Seal Illegal Flats, While DTCP Partially Demolishes 27 Units In Palam Vihar, Gurugram

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...

Gurugram: New Metro Lines Are Likely To Be Approved At The Next Centre And Haryana Cabinet Sessions

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...

The Increase In The Repo Rate By The RBI Will Have An Impact On The Growth Of The Gurugram Real Estate Sector

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...

DLF Introduces Luxury Independent Floors In Gurugram, Targets Rs 1,800 Crore Sales

DLF Introduces Luxury Independent Floors In Gurugram, Targets Rs 1,800 Crore Sales

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...

Good News For Amrapali Homebuyers: 11K Units Will Be Available In 2-3 Months

Listen To This Article Here is the good news for Amrapali Group's troubled home buyers, the Supreme Court was notified on Friday that 11,858 apartments will be delivered in 2 to 3 months, with 5,428 units being turned over in October. Court receiver senior lawyer R Venkataramani informed a bench of Chief Justice UU Lalit and Justice Bela M Trivedi that during the impending Christmas season...

A structural audit of 200 towers

A Structural Audit Of 200 Towers In 17 Societies Will Be Conducted In Gurugram

The department of town and country planning (DTCP) has directed developers of 17 residential societies undergoing structural audits to deposit the cost in an escrow account. The funds will then be distributed to the four agencies conducting the audit. During the 45-day process, the structural audit will cover more than 200 towers, covering an area of around 2.5 crore sq. ft. in 17 residential...

Lack of power infrastructure

Due To Lack Of Power Infrastructure, 25 Societies May Lose Licences In Gurugram

These societies rely mainly on diesel generators in the lack of a proper electric connection due to inadequate electrical infrastructure. The Dakshin Haryana Bijli Vitran Nigam (DHBVN) has threatened to nullify project permits for 25 housing societies in new locations along the Dwarka Expressway if their developers do not secure a solid electrical connection within the next two weeks. Because of a...

DTCP banned the sale of property

The DTCP Has Prohibited The Sale Of Homes In 18 Gurugram Societies Due To Licence Rule Violations

Amit Madholia, district town planner (enforcement), stated that action was taken against the 18 societies and notices were posted at the premises in accordance with the DTCP director's office's instructions. The department of town and country planning (DTCP) has prohibited the purchase and sale of properties in 18 residential societies in Gurugram due to licence violations and non-payment of dues,...

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