Listen to The Article After the Reserve Bank of India (RBI) raised the policy repo rate by 50 basis points (bps) to 5.9% in its Monetary Policy Committee (MPC) meeting on Friday, leading housing finance provider HDFC Ltd. raised its lending rate by 50 basis points. HDFC has executed seven rate hikes in the last five months. “Effectively from October 1, 2022, HDFC bank increases its Retail...
Listen to The Article Nucleus Office Parks, the operating platform for Blackstone Group's fully owned office property in India, has leased over 7.50 lakh commercial projects this year throughout its Pan-India portfolio, and these rentals are likely to increase as rental income increases. Annual revenue of approximately Rs 1,100 crore. The operational platform has completed nearly 2.5 million...
Listen to The Article The Land and Development Office (L&DO) stated on Thursday that high-end properties in Delhi that were converted from leasehold to freehold before March 2000 may be registered without a no-objection certificate (NOC). L&DO, which reports to the Union Housing and Concrete Affairs Ministry, instructed the Delhi income division in July not to register any property...
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...
Listen to This Article 400 companies, including nine blue-chip firms, have purchased industrial land. The overall investment from these enterprises is estimated to be around Rs 9,000 crore, with 51,000 people directly employed once operations commence. Model Economic Township Limited (METL) is a wholly owned subsidiary of Reliance Industries Limited that is developing an integrated industrial...
The Delhi Real Estate Regulatory Authority (RERA) has directed the Delhi Development Authority (DDA) to register all current e-auction programmes where plots, flats, or retail shops are still for public sale by May 1, 2017. The decision was issued in response to complaints from the Residents Welfare Association of Rohini, where plots were auctioned in 2013 but improvement work was not completed by the...
On this land tract, MaxVIL, a subsidiary of Max Group, intends to build a commercial project with a leasable area of 1.6 million square feet, marking its entry into the Gurugram real estate market. It already has a footprint in the property marketplaces of Noida and Delhi. The acquisition will allow Acreage Builders' over 7-acre land tract in Gurgaon's lucrative Golf Course Extension Road to be used by...
Omaxe Chowk aims to become an end-to-end jewellery marketplace by integrating a diverse range of jewellery solutions under one roof. Tanishq, Senco, and Giva have signed up for flagship stores in Chandni Chowk at Omaxe Chowk, taking nearly 11,000 square feet of space in Jewel Court. Other prominent companies, including traditional jewellers from throughout India, are also lining up to sign at Omaxe...
A month after the official opening of the Gurugram-Sohna national highway, the Gurugram Metropolitan Development Authority (GMDA) has opted to beautify the 22-kilometer stretch by planting shrubs. Earlier this year, Gurugram Member of Parliament (MP) Rao Inderjit Singh proposed to the GMDA that the city's highways be beautified. According to authorities familiar with the situation, the MP explicitly...
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,...