Listen To The Article The smart world will invest nearly Rs 3000 crore in developing approximately 8 million square feet of premium residential space across three projects in Gurgaon. The first phase of the three projects will begin in 2023, and the company is also looking into projects in Mumbai, Bengaluru, and Pune. They have already done two projects in sectors 89&63 Gurgaon,...
Listen To The Article DLF Limited, a real estate giant, plans to launch a luxury housing project in Gurugram next month, with an estimated sales revenue of around 7,500 crore, in order to capitalise on strong demand for high-end apartments. DLF Group Executive Director and Chief Business Officer Aakash Ohri told that the company intends to build around 1,100 apartments in this residential...
Listen To The Article As per the recent report by property consultant ANAROCK, real estate developers increased the pace of construction in 2022, finishing 4.02 lakh housing units across seven major cities as compared to 2.79 lakh homes in the year 2021. The top 7 cities experienced record-breaking housing sales and new launches in 2022. Unit completions have also continued to rank first...
Listen To The Article Sanskar Homes, a Delhi-based real estate developer, has paid Rs 71 crore for an 800-square-yard property in South Delhi's Westend. Ravi Arora’s company intends to build residential floors on the property. Previously, the company, which focuses on luxury floors, had purchased a bungalow from Mobius Foundation chairman Pradip Burman for...
Listen To The Article M3M India has purchased 1.3-acre land parcels in Gurugram for approximately Rs 200 crore in order to construct a luxury commercial project, primarily retail space. The land near IFFCO Chowk was acquired through an auction held by Haryana Shahari Vikas Pradhikaran (HSVP). The entire project would cost Rs 250 crore. The estimated top line for this...
Listen To The Article Godrej Properties (GPL) has purchased an 18-acres land parcel in Kandivali, Mumbai for about 750 crores. According to the company, the project has a developable potential of approximately 3.72 million square feet and an estimated revenue potential of approximately 7,000 crores. The project will include premium residential apartments as well as...
Listen To The Article Motilal Oswal Group has provided Rs 450 crore to Shapoorji Pallonji Real Estate (SPRE) to fund two Shapoorji Pallonji Real Estate projects. Motilal Oswal Alternates, the Motilal Oswal Group's investment arm, has committed Rs 450 crore to Shapoorji Pallonji Real Estate. The funds were allocated to complete two projects. One of the projects is a partially...
Listen To The Article A city court on Monday denied the director of Ardee City's builder's anticipatory bail application, accusing him of forging documents to obtain a licence for approximately 40 acres of land owned by the HSVP and failing to develop the area earmarked for EWS plots in Sector 57, Gurugram. Additional Sessions Judge Jasbir Singh denied Gopal Das Estates & Housing...
Listen To The Article Soon after its announcement of Gurugram part of Dwarka Expressway opening, it significantly increased demand for nearby real estate projects. There has been a lot of development in every sector, including residential and commercial properties like independent floors, high-rise buildings, shopping arcades, malls, healthcare and education facilities, and so on, attracting a...
Listen To The Article Godrej Properties Limited paid Rs. 377 crores to the local authority for two land parcels for a residential project in Noida. Godrej emerged as the highest bidder for both plots after the authority received five bids. "The Noida authority will earn Rs 377 crore from the auction, which will attract Rs 2,000 crore in investment," the Noida authority said in a...