Experion Developers' has purchased three land parcels in the Delhi-NCR for Rs 1,100 crore for new residential and commercial development. Experion Developers is a 100% FDI-funded real estate developer supported by Singapore's Experion Holdings. A 4-acre land piece on Gurgaon's Golf Course Road was purchased for Rs 400 crore, and a second 5-acre parcel in Noida's sector 45 was purchased for Rs 250...
Hero Realty intends to start up real estate projects this fiscal year that would total over 4 million square feet and have a potential income potential of Rs 3,500 crore. According to Shah, the company, which is supported by Sunil Kant Munjal's Hero Enterprise, is also thinking about doing an initial public offering (IPO) in the next three to four years. Hero Realty intends to invest between Rs...
The residential sales in Delhi-NCR reached a 10-year high in the first half of 2023 with 30,114 units sold, with Gurugram accounting for more than half of the units sold with a 52% share. A combined 32% of the market was accounted for by Noida and Greater Noida. Ghaziabad contributed 12%, while Delhi and Faridabad each contributed 2%. The volume of home sales in 2023 will increase by 3% annually...
According to a recent analysis by R&R by Rise, the demand for both residential and commercial buildings would cause the Delhi-NCR real estate market to increase significantly in 2023. The 30- to 44-year-old millennial group, which is driving this demand, is anticipated to reach new heights in the upcoming year. About 40% of prospective purchasers believe that real estate in Delhi-NCR is the...
The Grade A+ office complex 'AIPL Business Club', which is owned by Gurugram-based Advance India Projects Limited (AIPL), has leased out roughly 5 lakh square feet of office space, the company announced on June 13. AIPL specialises in creating upscale commercial and residential real estate projects. With an average lease agreement term of 9 years, AIPL expects that the project will generate yearly...
Real estate developers are responding to consumer housing demand by building larger flats in major cities. From January to March of this year, the average size of flats introduced in seven cities climbed by 5% over the previous year. According to the data, the average size of apartments in these seven main cities increased from 1,170 square feet last year to 1,225 square feet this...
One Group Developers has won the e-auction organised by Haryana Shahari Vikas Pradhikaran (HSVP) for a 3,486 square meter of plot in Gurgaon. According to the business's director Udit Jain, the company will spend Rs 57.2 crore for the land and invest another Rs 50 crore to create a residential complex on it. One Group will develop a premium housing project and will take advantage of...
DLF, a prominent real estate firm, intends to sell property projects worth Rs 197 billion by March of next year. Due to robust demand for housing, the company expects to book sales of roughly Rs 120 billion in the current fiscal year. DLF reported a more than two-fold increase in sale bookings in the last fiscal year, reaching a record Rs 150 billion, up from Rs 72 billion the previous year. The...
According to CBRE's 'India Market Monitor Quarter 1 2023' study, the luxury residential market in India will continue to rise in sales and launch activity in 2023 for the second year in a row. An increase of over 151% Year on Year was registered between January 2023 and March 2023. Delhi-NCR is currently in first place, with a 216% rise in luxury housing sales in Quarter 1 2023 compared to Quarter...
Listen To The Article According to a top corporate official, Godrej Properties estimates a 14% increase in sale bookings this year to a record Rs 14000 crore due to strong housing demand. Godrej Executive Chairman Pirojsha Godrej told that the company's performance in 2022-2023 was very solid on all essential indicators such as sale bookings, cash collections from clients, project completion,...