Singapore-based NBFC with a real estate and infrastructure focus made its first investment in India by providing 200 crores as project financing for Vatika Group's premium residential project, Sovereign Park in Gurugram. The investment includes a term loan that aids in a partial refinance to the current lender and the rest sum is allocated for building. The project is located on a 10.5-acres of...
The Haryana Mass Rapid Transport Corporation (HMRTC), announced that the foundation work for the proposed Metro extension from Ballabhgarh to Palwal, covering a distance of about 25 km, and the RITES has been given the contract for the techno feasibility study. The RITES has been asked to make the detailed project report (DPR) for the new Metro rail project from Vatika Chowk, Sohna Road to Pachgaon in...
The National Highways Authority of India (NHAI) agreed to purchase land at eight locations along the Dwarka Expressway under the NHAI Act to connect city sector roads with the Expressway. The NHAI chairman Santosh Kumar Yadav approved the idea after inspecting the Gurugram section of Dwarka expressway. Partial work is still ending on the stretch, Gurugram district administration officials said...
Gurugram is a booming city in the National Capital Region (NCR), is anticipated to see a large increase in the value of its real estate because of infrastructure developments. The Millennium City is quickly becoming a vibrant centre for both residential and business activity in the whole NCR. With significant government investment and private sector involvement, the city's infrastructure...
The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) intends to build Vision City, a commercial hub for items like jewellery, gems, and furniture, on about 121 acres of land near the intersection of the Dwarka Expressway and Pataudi Road in Sector 88. It will be developed after the completion of the Global City project, which will be built on 1,003 acres of land....
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...
South Delhi-bound motorists who encounter traffic bottlenecks on Nelson Mandela Marg on their way to the T3 airport terminal and Gurgaon will soon find relief when construction on the central government's proposed tunnel begins in two months.The tunnel, which will run from Vasant Kunj Nelson Mandela Marg to Shiv Murti in Mahipalpur and cost around Rs 2,000 crore, has been cleared, according to South Delhi...
The expansion of the Metro line from HUDA City Centre Metro Station to Cyber City Gurugram has been given approval by the Union Cabinet. The development is expected to have a positive impact on the area's real estate market. Since it would receive a big infrastructure development, real estate companies appealed it holds enormous potential, mainly for the real estate sectors between the Dwarka...
The Gurugram Metropolitan Development Authority (GMDA) will rebuild five master roads between sectors 99 and 115 to link traffic with the newly opened Dwarka Expressway. These roads are currently impassable and full of potholes, with blacktop layers washed away. More than 80 crores would be spent on the development of these five connecting highways, which are expected to be completed within a year....
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