Listen To The Article Real estate developer Vatika Group has leased more than 1 million square feet space for its upcoming office and retail projects as demand for quality space has increased after pandemic. Delhi-NCR dominated the absorption levels and witnessed an increase in rentals in Central Business District area. The vacancy levels have dropped in Central Business District of Gurguram and...
Listen To The Article Renowned developers and foreign funds focused on Delhi-NCR and Mumbai to invest in land acquisition throughout 2018–2022, as over 60% of the fund was used in these two major cities, according to an analysis conducted by property consultancy firm CBRE. Delhi-NCR attracts approx. 3.8 billion to acquire 1760 acres of land spread across 67 deals, while Mumbai witnesses 73...
Listen To The Article Godrej Properties Limited, encouraged by the strong housing demand, purchased 18 land parcels in 2023 for the development of new projects with an estimated sales potential of more than 32,000 crores. The Mumbai-based Godrej Properties, a part of the behemoth Godrej Group, stated that it will add new land parcels with a sales revenue potential of Rs 15,000 crore. In order...
Listen To The Article Paras Buildtech, a reputed real estate company, announced that it expects to earn Rs 108 crore from its new commercial property in Gurugram. According to the sources, the company has started a new project where it would sell more than 40 plots for the development of SCOs (shops cum offices). The 'Paras Arcade 114' project spans around 3.25 acres and contains 4,597 square...
Listen To The Article The national capital region's prime residential market, Gurugram saw a net 10% hike in housing sales in the first trimester of 2023. But, other NCR regions like Noida and Greater Noida, saw housing sales fall by 23%, according to the reports of Anarock. The real estate experts in Gurugram anticipated the strong demand for luxury and ultra-luxury homes. As per the Anarock...
Listen To The Article A metro link between Faridabad and Gurugram is possible now. After a DPR is finalized and approved, work on the project will begin in the coming months. According to reports, the project has been approved by the Haryana government. This project will be beneficial for both cities. It will also improve connectivity between Delhi and the rest of the National Capital...
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...
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