Listen To The Article Hero Realty Pvt Ltd has paid Rs 90 crore for a 5-acre plotted residential project in Sector 85, Gurugram. Cushman & Wakefield, a property consultant, assisted with the transaction, and the seller's identity has yet to be revealed. Hero Realty, a secondary body of Sunil Kant Munjal's Hero Enterprise, has purchased land in Gurugram's Sector 85 for residential...
Listen To The Article Signature Global has announced the launch of three independent floor projects in Gurugram as part of its Mission 2023 initiative. Signature Global City 93 in Sector 93, Signature Global City 79 B in Sector 79, and Signature Global City 92-2 in Sector 92 are among the projects announced in Gurugram. "As part of our portfolio expansion, we are overjoyed to launch these...
Listen To The Article M3M Realty has secured a Rs 1,500 crore debt facility from alternative investment firm PAG Credit & Market for eyeing its portfolio expansion. The money will be paid back in four instalments of 600, 300, 250, and 350 crores over the course of 1.5 years. The funds will be used to expand the portfolio and make additional land acquisitions. M3M recently completed...
Listen To The Article DLF plans to launch a new ultra-luxury project with 1,100 housing units on Golf Course Extension Road in Gurgaon. It has an estimated revenue potential of Rs 8,000 crore in the future. The official launch is scheduled for the next week. After a decade, DLF will launch a high-rise condominium. Crest and Camellias were their most recent projects in Gurgaon. DLF Limited...
Listen To The Article Two more towers in the Chintels Paradiso Society have been declared unsafe, where two people were killed last year when Tower D partially collapsed, officials said on Tuesday, citing an IIT-Delhi structural audit report. Towers E and F of the society in Sector 109 are declared unfit for human habitation, according to Additional Deputy Commissioner (ADC) Vishram Kumar...
Listen To The Article As demand in the National Capital Region remains strong, real estate developers such as DLF, Godrej, M3M, County, Max, and TARC are planning to launch new housing projects. The new projects will be built in areas such as central Delhi, the Noida Expressway, and Golf Course Extension Road Gurugram, which has seen a recent surge in land acquisition. One of the most...
Listen To The Article Sohna is a prominent micro-market centrally located in South Gurugram, becoming a prominent location for investment. Since the opening of the first stretch of the Gurgaon-Sohna Expressway. The commute time between the rest of the city and its southern suburb has been reduced to 15 minutes faster within Gurugram. As a result, Sohna is experiencing increased demand for...
Listen To The Article The budget decision to limit the deduction from capital gains on investment in residential property under Sections 54 and 54F to Rs 10 crore is likely to dampen demand for super-luxury real estate. Sections 54 and 54F of the Income Tax Act of 1961 apply to long-term capital gains (LTCG) on selling capital assets such as homes, equity, bonds, and gold and their...
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...
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