Listen To The Article The Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has ordered Splendor Landbase Limited to pay delayed possession charges of 10.6 percent interest to buyers in a commercial project after the developer failed to complete construction and deliver units on time. "The accused promoter is ordered to pay the stuck possession charges at the approved rate of...
Listen To The Article Amazon has leased 5 lakh square feet of office space in Hyderabad and 3 lakh square feet of office space in Gurgaon for five years. Amazon has leased ground plus ten floors in Hyderabad for 60 months, totaling 4,87,800 square feet of space. The ground plus fourth floors were leased for Rs 52 per square foot per month, while the fifth to tenth floors were leased for Rs...
Listen To The Article Max Estates, a subsidiary of Max Ventures and Industries Ltd (MaxVIL), plans to invest about Rs 3,400 crore in new residential and commercial projects in Noida and Gurugram over the next four to five years, according to Sahil Vachani, the company's Managing Director (MD) and Chief Executive Officer (CEO). The company has purchased a plot of land in Noida's Sector 128...
Listen To The Article The Special Window for Affordable and Mid Income Housing (SWAMIH) investment fund has finished more than 20,000 homes worth 12,000 crores since its launch in 2019. The Union Finance Ministry is funding the SWAMIH fund, which is aimed at debt financing of distressed and affordable housing properties. Stressed properties are repossessed properties from a defaulting...
Listen To The Article The Union Budget 2023 is comprised of a number of major announcements linked to the real estate industry and has a long-term impact. Infrastructure investment has a large multiplier effect on economic growth and employment. Private investments resume after post-pandemic home demands. Budget 2023 takes the initiative to accelerate the virtuous cycle of investment and...
Listen To The Article Smartworld Developers Private Limited, based in Gurugram, has announced the launch of its premium high street retail project, 'Smartworld Orchard Street.' The project is 100,000 square feet in size and is located on the prestigious Golf Course Extension Road opposite the Grand Hyatt in Sector 61, Gurugram. This project is expected to generate a top line of Rs 250 crore for...
Listen To The Article In a statement, Mukesh Ambani's firm said, "Model Economic Township Limited (MET City), a wholly owned subsidiary of Reliance Industries Limited (RIL), is emerging as a world class Greenfield Smart City near Gurugram, Haryana.” MET City is a Japan Industrial Township (JIT), and its integrated industrial township is home to four leading Japanese companies. "Nihon...
Listen To The Article IJM Toyota Showroom, the authorized dealer and seller of Toyota cars headquartered in Punjab, has leased a large retail space to Spaze Group of Gurugram. IJM Toyota has purchased over 15,000 square feet of space in Spaze Group's commercial project, Spaze Boulevard, on Sohna Road in Gurugram. The showroom was recently opened and features some of Toyota's best offerings,...
Listen To The Article Trehan Iris has added three premium brands to Iris Broadway Mall in Sector 85-86, the core of New Gurugram, as part of its continuous retail portfolio strengthening strategy. Starbucks, Rowan Toys, and The Beer Cafe are three new brands that have lately begun operations. Iris Broadway is the area's greatest one-stop experiential destination for food, shopping, and...
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...
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