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…
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…
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…
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…
The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has decided to extend the deadline for applications and auctions for three mixed-use sites in Global City by one month, according to officials aware with the development. The new deadline for submitting applications is June 1, rather than May 1, and the projected date of the…
The Vatika Group, one of India’s leading real estate developers, has recently partnered with IREAA India Pvt Ltd as key leasing partners for their retail developments in New Gurgaon. This agreement is intended to attract a number of well-known retail companies to the neighbourhood, delivering a great shopping experience for all New Gurgaon residents. Vatika…
According to a top corporate official, Godrej Properties estimates a 14% increase in sale bookings this year to a record Rs 14000 crore due to strong housing demand. Godrej Executive Chairman Pirojsha Godrej told that the company’s performance in 2022-2023 was very solid on all essential indicators such as sale bookings, cash collections from clients,…
When most of the city’s licenced colonies were being developed in the 1990s, essential facilities including as roads, power supply, water supply, and sewerage were planned with the construction of two and a half levels on each residential plot in mind. The population has more than doubled in the last three decades, and four levels…
The Gurugram-based real estate firm Ganga Realty has announced that it will spend Rs 4 billion in Swarnim, its first high-street retail project, in Gurugram’s Sector 5. As per the company’s recent announcement about its affordable housing project in Sohna Road, which would be its second significant undertaking. The project is located 20 minutes away…
In Gurugram, at 21B Udyog Vihar, 91Springboard has opened a Platinum hub with more than 1000 seats. The 40,000 square foot coworking space was built to accommodate the region’s expanding need for opulent offices with high productivity levels. This location joins Sector 44, Vatika Triangle (MG Road), and Udyog Vihar as the city’s other hubs….