The phase-1 construction of the premium residential project Elan The Presidential, Gurgaon has been contracted out to Leighton India by the NCR-based Elan Group for Rs 1,000 crore. Elan The Presidential, the company's first high-end project, will contain 728 units and is being built in Gurugram's sector 106, close to the Dwarka Expressway. Leighton Asia, a subsidiary of the well-known CIMIC...
The Sare Gurugram group housing project is now under the control of KGK Realty (India) Limited and Dhoot Infrastructure Projects Limited. This development brings great news for more than 1200 homebuyers, as the consortium has already taken steps to transfer possession of the properties. Spanning across a vast 47-acre area, the Sare Homes complex offers a total of 4 million square feet of...
Godrej Properties is ready to repurchase all the units sold in the Godrej Summit project in Sector 104, Gurgaon. This decision comes after the concrete used in the construction was found to be contaminated with chloride, causing corrosion in the steel reinforcement when mixed with water. According to Executive Chairperson Pirojsha Godrej, only around 50 residents have shown interest in selling back...
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) is anticipated to appoint a consultant for the highway project within the next two months. The plan is to create a two-layer elevated road over NH-8 from Dhaula Kuan to Manesar. It is expected that the elevated route, which is exclusively intended for light cars, will ease traffic between Delhi and Gurgaon, particularly near the Sirhaul...
Birla Estates has just finalised five projects across Bengaluru, Mumbai, Pune, and Delhi, with a potential income of about Rs 9,000 crore, according to KT Jithendran, managing director and CEO of Birla Estates Private Limited. Birla Estates intends to begin new projects and phases in major cities. These will include ultra-luxury projects in Mumbai, luxury projects in Bengaluru, and mid-segment...
Many developers and local builders have launched a flurry of luxury real estate projects in Delhi-NCR. The healthy offtake and demand for renovating properties in the premium class is the main reason behind this. The publicly traded real estate company is still optimistic about India's housing market and anticipates strong sales momentum to continue as a result of the country's rising urbanisation,...
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...
The price of affordable flats in Gurugram, Faridabad, Panchkula, Pinjore, and Kalka has increased from $4,200 per square foot (sq. ft.) to $5,000 per sq. ft. as a result of new rates announced by the department of town and country planning (DTCP) on Thursday. Additionally, the cost of a balcony has gone up from $1,000 to $1,200 per square foot. However, according to the regulation, if the balcony is...