Listen To The Article To make it easier to travel between NH-48 and the Dwarka Expressway, the Gurugram Metropolitan Development Authority (GMDA) plans to rehabilitate two important arterial routes, one 4.9 km long stretch between IFFCO Chowk and Mahavir Chowk, and another 6.5 km long stretch from the old railway road to the Dwarka Expressway. In order to improve and upgrade the roadways from...
Listen To The Article DLF Home Developers has awarded Engineering and construction giant Ahluwalia Contracts (India) a contract of Rs. 744.68 crore to build the civil structures for "The Arbour Project" in Sector-63, Gurugram. The order is for civil construction, waterproofing, and rough finishing work for the residential development's north parcel. The development is a gated neighbourhood...
Listen To The Article The district government came up with a definitive plan for occupants of towers that an IIT-Delhi panel found unfit for habitation after holding meetings with all parties involved in the Chintels Paradiso condominium in Sector 109. They can choose to reside at the same property and developers will construct new flats for them in three years, or they can choose to receive a...
Listen To The Article The new inter-state bus terminal (ISBT) would be built on 15 acres off the Dwarka Expressway, according to the state government. The site in Sihi village is close to a projected RRTS station as well as Global City and the heliport. Tenders were likely to be floated soon, according to officials. Rao Inderjeet Singh, a union minister and Gurgaon MP, claimed that he had...
Listen To The Article The Special Window for Completion of Affordable and Mid-Income Housing Investment Fund, also known as SWAMIH Investment Fund, which was entrusted with supporting stalled projects around the nation, has completed 23000 homes since its introduction. By the end of 2023, the 43000 homes that have already been delivered across Tier 1 and 2 cities are expected to be completed by...
Listen To The Article The 990-crore resolution plan for the insolvent real estate company Sare Gurugram, a division of Sare Homes, proposed by a consortium consisting of KGK Realty and Dhoot Infra, has been approved by the insolvency tribunal NCLT. A two-member primary bench in Delhi, made up of President Ramalingam Sudhakar and Member Technical A K Srivastava, approved the bids and ordered that...
Listen To The Article The data analytics company PropEquity revealed that the unsold housing stocks reduced by 6% between January and March to approximately 5.18 lakh units across 14 Indian cities, compared to the prior quarter. Between the first trimester of the year, unsold inventory decreased from 5,48,217 units to 5,17,879 units. Housing sales were 1,23,938 units during the January to March...
Listen To The Article IndoSpace, an industrial and logistics parks developer invested Rs 1000 crore to expand its warehousing presence in NCR region, according to a senior executive. The company has built two logistics parks, one in Dhatir, near Palwal, and another in Taoru, near Sohna, sum up 3.4 million square feet of space. "From a warehousing viewpoint, NCR is a prime location for us." We...
Listen To The Article Real estate developer Vatika Group has leased more than 1 million square feet space for its upcoming office and retail projects as demand for quality space has increased after pandemic. Delhi-NCR dominated the absorption levels and witnessed an increase in rentals in Central Business District area. The vacancy levels have dropped in Central Business District of Gurguram and...
Listen To The Article Renowned developers and foreign funds focused on Delhi-NCR and Mumbai to invest in land acquisition throughout 2018–2022, as over 60% of the fund was used in these two major cities, according to an analysis conducted by property consultancy firm CBRE. Delhi-NCR attracts approx. 3.8 billion to acquire 1760 acres of land spread across 67 deals, while Mumbai witnesses 73...
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