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…
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…
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…
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…
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…
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…
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…
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…
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…
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…