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...
Gurugram Metropolitan Development Authority (GMDA) Officials announced that the area between the Sikanderpur Metro Station and the IFFCO Chowk will shortly undergo streetscape and remodelling work. The first project of its kind in Gurugram would see the creation of a dedicated pedestrian walkway, cycle lanes, green spaces with kids play area, benches, bus stops, and vending areas. According to...
The forest department said that a demolition effort would take place in more than 100 acres of an 11-village-diameter Aravali forest area in the coming month. The forest department conducted a survey and found that these regions had been invaded for the purpose of building farmhouses. Next month, we will be conducting a large-scale demolition drive in the area. The push has been put on hold while...
Sohna has developed itself as a significant name in the plotted real estate development. This once-quaint town, which is located in the lovely Aravalli Range, has seen an amazing transformation into a thriving hub of urban growth and economic prosperity. Sohna is becoming a well-liked option for investors and consumers interested in planned real estate because of its advantageous location, stunning...
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 focus is now on land purchases as real estate developers are picking up the pace with new projects as major companies have high sales goals for themselves beginning this year. According to JLL India report, approximately 100 land transactions encompassing a region with a 209 million square foot development potential occurred between January 2022 and May 2023. About 84% of this was allocated...
An outstanding commercial development called Elan The Mark is launched in Sector 106 Gurgaon, off the Dwarka Expressway. It serves as a model for contemporary and energetic commercial spaces. Elan The Mark provides a strategic business address with strong connectivity to important transit hubs and commercial centres because of its outstanding position. The project's cutting-edge infrastructure and...
Golf Course Road is a well-established luxury micro market in Gurgaon that has seen significant demand from both High Net worth individuals and high-end consumers. Because of high property prices investors are backing, and DLF knows how to win this game in these situations. DLF has completed the sale of all 1,137 units at Golf Course Extension Road, valued at Rs 7 crore and above, for more than Rs...
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...