Listen To The Article Migsun Group announced that it has purchased 9 acres land parcel in Rohini, Delhi, for Rs 265 crore in order to develop a high-street retail project. They bought a land parcel in Rohini's Sector 22 from Yogi Raj Promoters Pvt Ltd for the development of retail project. According to Migsun Group MD Yash Miglani, the company has entered into a share purchase agreement with...
Listen To The Article With the recent earthquake in southern Turkey causing hundreds of highrise buildings to collapse. The Confederation of NCR Residents Welfare Association (CONRWA) has demanded a structural audit of all residential buildings in Delhi-NCR, particularly in highrises. The residents' body sent a letter to Union Urban Development Minister Hardeep Singh Puri, stating that...
Listen To The Article Max Estates, the real estate arm of Max Ventures and Industries Limited (MaxVIL), has entered the residential real estate market in Gurugram through a joint development agreement (JDA) with Namo Realtech Private Limited to develop 12 acres housing project. According to a statement issued by MaxVIL, the project has a development with a potential of approximately 2.4...
Listen To The Article The new residential property supply increased 51% last year to 3,57,635 units across seven major cities as many builders launched more projects to meet rising housing demand. According to the leading housing brokerage's annual report for the year 2022, new launches increased to 3,57,635 units last year from 2,36,693 units in 2021 across seven major cities. Housing unit launches...
Listen To The Article The country's real estate sector is expected to grow by 15% from $ 60 billion in 2010 to $1,000 billion by 2030, contributing 13% of India's GDP by 2025. By 2023, the organized retail real estate sector is expected to grow by 28% to 82 million square feet. According to Ansh Batra, Director of Buniyad Group, the post-pandemic momentum appears to be building. "Despite a slight...
Listen To The Article Winworld Realty Former US President Donald Trump's Trump Organization plans to open nearly a half-dozen ultra-luxury properties in India. The group is in talks with Gurgaon-based Tribeca Developers and plans to begin construction on at least two of these Trump properties by 2023. Donald Trump Junior, the flamboyant US President's son and executive vice president...
Listen To The Article The construction ban on NCR residential properties will go into effect only when the air quality falls into the very low category, according to the rules of the Graded Response Action Plan (Grap). According to Anarock, a construction ban in Delhi-NCR owing to severe pollution might affect nearly 500,000 under-construction residential units. According to the report, if a...