Listen To The Article Godrej Properties Limited recorded its highest-ever quarterly and yearly sales in Quarter 4 Financial Year 2023. With a record bookings of INR 4,051 crore and growing by 56% to INR 12,232 crore. Sales volumes increased by 19% Quarter on Quarter from 4.42 million square feet to 5.25 million square feet during the period. Sales volumes increased by 40% in area terms from...
Listen To The Article The National Capital Region (NCR) saw a spike in new residential unit releases during the first quarter of 2023, as per the most recent data by the real estate consultants Anarock. However, there has been a small decline in sales due to several reasons. Around 12,450 new apartments were added across NCR cities in the first quarter of 2023, which is 34% more than the same...
Listen To The Article The Gurugram administration raising circular rates by up to 30% throughout the district, as a result the property rates in Gurugram are expected to rise. According to the order made by the district collector of Gurugram on April 3, rates for residential, agricultural, and commercial properties in Gurugram tehsil have increased by 20%, while rates in Badshahpur tehsil have...
Listen To The Article Hero Realty has partnered with Saheb Enterprise to build a 2 million square foot mixed-use joint project in Gurugram with a projected sales income of Rs 2,000 crore. Hero Enterprise is owned by Sunil Kant Munjal that promotes Hero Realty. Sources claim that Hero Realty and Saheb Enterprise, the owner of an 8-acre property tract, have inked a joint development agreement for...
Listen To The Article The national capital region's prime residential market, Gurugram saw a net 10% hike in housing sales in the first trimester of 2023. But, other NCR regions like Noida and Greater Noida, saw housing sales fall by 23%, according to the reports of Anarock. The real estate experts in Gurugram anticipated the strong demand for luxury and ultra-luxury homes. As per the Anarock...
Listen To The Article The second phase of the structural assessments of highrise residential societies will begin on April 1 as per the decision made by the district administration. This follows a meeting to discuss the issues highlighted in the first phase between (resident welfare associations) RWAs, developers, and auditing agencies at the mini secretariat. Many highrise societies encountered...
Listen To The Article Ashiana Housing Limited, a real estate developer announced that it had submitted the highest bid for a residential project being developed in Gurugram by the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). According to the company, HSIIDC has certified that Ashiana Housing was the top bidder in their own e-auction for the allocation of...
Listen To The Article Ganga Realty a Gurugram-based developer, will invest Rs 750 crore in developing Tathastu, an affordable housing project in Sector 5, Sohna. The project will be spread across around 22 acres and offer 3 BHK apartments with a carpet area of 645.73 square feet at a price of Rs 25.14 lakh onwards. The project is located in Sohna-Gurugram Sector 5 and is only a...
Listen To The Article Max Estates, a subsidiary of Max Ventures and Industries Ltd (MaxVIL), plans to invest about Rs 3,400 crore in new residential and commercial projects in Noida and Gurugram over the next four to five years, according to Sahil Vachani, the company's Managing Director (MD) and Chief Executive Officer (CEO). The company has purchased a plot of land in Noida's Sector 128...
Listen To The Article The Special Window for Affordable and Mid Income Housing (SWAMIH) investment fund has finished more than 20,000 homes worth 12,000 crores since its launch in 2019. The Union Finance Ministry is funding the SWAMIH fund, which is aimed at debt financing of distressed and affordable housing properties. Stressed properties are repossessed properties from a defaulting...
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