DLF Ltd, India's top listed real estate developer, set a new annual sales record in the Indian real estate business in Financial Year 2023, ending March 31st, with cumulative new transactions of INR 15,058 crores. The success of important project launches, such as the luxury residential offering, The Arbour, The Grove in Gurugram, among others, fuelled this extraordinary performance. DLF recorded...
Haryana Shahari Vikas Pradhikaran (HSVP) will auction a total of 28 plots in 17 sectors of Gurugram on May 28, with an estimated revenue generation of 250-300 crore. The auction will include 28 plots in various sectors and is designed for group housing developments. The authority pulled some sites from the sale after complaints that four of them were in an area designated as gair mumkin nullah? The...
Magnolia Quality Development Corporation (MQDC), a Bangkok-based property development firm, has signed a lease for approximately 45,000 square feet of space in Gurgaon, marking the construction of the country's second coworking hub. The deal was confirmed by Chulamas Jitpatima, country director of the company's Indian division. MQDC entered the Indian market in 2019 with the opening of Whizdom...
Krisumi Corporation, a joint venture of Japanese firm Sumitomo Corporation and Indian auto components firm Krishna Group, will invest Rs 300 crore in phase 2 of the 30.38-acre housing project "Krisumi City" in Sector 36A, Gurugram, according to a senior official. Both partners funded the initial capital, and the company expects to earn Rs 500 crore from it. The company has set a revenue target of...
Listen To The Article Sohna is a fast developing area in the Indian state of Haryana, located in the southern portion of the Gurugram district. It is well-known for its scenic beauty, close proximity to the Aravalli Hills, and a thriving real estate market. The completion of the Delhi-Mumbai Expressway, one of India's greatest infrastructural projects, encouraged real estate development in the...
Manohar Lal Khattar, the chief minister of Haryana, declared that the Kherki Daula toll plaza on the Delhi-Gurgaon Expressway will be demolished within the next two to three months, adding that his government is seeking options for its removal. Khattar made the statement on the sidelines of an event in Gurugram's Sector 79, and stated that he discussed the matter with Union Transport Minister Nitin...
Real estate developers have purchased over 2,200-acre land parcels for around Rs 26,000 crore since January last year, primarily to create residential developments as per JLL India. The developers have bought around 2,181 acres of land area in the last 17 months (January 2022-May 2023) valued at over Rs 26,000 crore, with an estimated development potential of approximately 209 million square feet...
Ganga Realty has purchased 8.35 acres of land parcel in Sector 84 in Gurgaon for Rs 132 crore in order to create a luxury group housing project. The NCR based real estate company will invest an additional Rs 750-800 crore in the project's development. "On this project development, we will develop a total of 1.5 million square feet, of which 10.5 lakh square feet will be residential and 4.5 lakh...
According to CBRE's 'India Market Monitor Quarter 1 2023' study, the luxury residential market in India will continue to rise in sales and launch activity in 2023 for the second year in a row. An increase of over 151% Year on Year was registered between January 2023 and March 2023. Delhi-NCR is currently in first place, with a 216% rise in luxury housing sales in Quarter 1 2023 compared to Quarter...
The launch of the Dwarka Expressway in Gurgaon is predicted to enhance real estate prices in the vicinity by 30-40%. Because of the increased interest in the area, numerous developers have launched projects along the Expressway, driving up home prices. The completion of the Dwarka Expressway is expected to have a significant impact on the Gurgaon real estate market in terms of both demand and price...