Gurugram

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...

The share of non-resident Indians (NRIs) in the Indian property market has doubled since the Covid-19 outbreak, and nearly 20% of sales for several real estate developers are now coming from outside the nation. According to industry experts, the share of NRIs in premium and luxury product sales has more than doubled to 20%. Prior to the coronavirus epidemic, NRIs accounted for fewer than 10% of...

The Gurugram Metropolitan Development Authority (GMDA) and the Municipal Corporation of Gurugram (MCG) will form a joint committee to develop the city's green belts. PC Meena, CEO of the GMDA, asked architects, landscapers and residents to submit proposals for improving green belts, crossroads and pathways. The best suggestions will be recognised and adopted. The emphasis is on the city's overall...

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....

The Union Cabinet ministry approved the metro rail connectivity from the HUDA City Centre metro station to Cyber City in Gurugram on Wednesday, with the goal of strengthening public transport in the NCR region. After the approval order is issued, the project will be carried out by Haryana Mass Rapid Transport Corporation Limited (HMRTC), which will be established as a 50:50 special purpose vehicle...

The Department of Town and Country Planning (DTCP) has formed four teams to survey nearly 60 high-rises in Gurugram as part of the roll-out of the second phase of the structural safety audit of condominiums, which was directed by the district administration last week. The teams have been given a deadline of 15 days to complete the survey. Each team has been tasked with performing a visual check of...

The development of municipal amenities at the Global City project site is expected to begin in August. The Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) has invited bids for three land parcels sum up 142.5 acres, with a combined reserve price of Rs 7,817 crore. The Global City project will be built in two phases on a total of 1,003 acres in sectors 36B and 37B of...

AltF Coworking has announced the opening of two additional locations in Noida and Gurgaon. The expansion demonstrates the company's dedication to offering cutting-edge workspaces that promote collaboration and productivity for professionals and enterprises. The Noida property is conveniently placed along the Yamuna Expressway, whereas the Gurgaon home is located on the Golf Course Road. These...

One Group Developers has won the e-auction organised by Haryana Shahari Vikas Pradhikaran (HSVP) for a 3,486 square meter of plot in Gurgaon. According to the business's director Udit Jain, the company will spend Rs 57.2 crore for the land and invest another Rs 50 crore to create a residential complex on it. One Group will develop a premium housing project and will take advantage of...