On this land tract, MaxVIL, a subsidiary of Max Group, intends to build a commercial project with a leasable area of 1.6 million square feet, marking its entry into the Gurugram real estate market. It already has a footprint in the property marketplaces of Noida and Delhi. The acquisition will allow Acreage Builders' over 7-acre land tract in Gurgaon's lucrative Golf Course Extension Road to be used by...
Omaxe Chowk aims to become an end-to-end jewellery marketplace by integrating a diverse range of jewellery solutions under one roof. Tanishq, Senco, and Giva have signed up for flagship stores in Chandni Chowk at Omaxe Chowk, taking nearly 11,000 square feet of space in Jewel Court. Other prominent companies, including traditional jewellers from throughout India, are also lining up to sign at Omaxe...
The district town planner (enforcement) has asked the developers of 17 residential societies experiencing construction-related concerns to submit structural and architectural plans by Friday. Following submission, the district administration will issue work orders to a committee of four agencies on Monday to carry out the structural examination of these societies. The decision was made on Wednesday...
The Haryana Real Estate Regulatory Authority (H-Rera) has ordered developer ILD to submit a resolution plan for an unfinished project in Sector 37C and give over units to allottees. The regulator warned the builder that the project must be completed or the builder's land, offices, plots, and flats will be attached or auctioned to obtain lacking cash to complete the project, which has been in doubt...
As many as 30 homebuyers filed a case against Raheja Developers Limited, requesting a return of the total sum collected from them for consideration of the units, plus interest, due to the project's delay in development. The National Consumer Disputes Redressal Commission (NCDRC) has ordered Raheja Developers to refund homebuyers' deposits as well as interest for delaying its project Revanta in Sector...
With the addition of new top companies, Iris Broadway is becoming a more popular retail and entertainment destination. Trehan Iris, a renowned participant in the Indian real estate market, has leased over 3 lakh square feet in its Iris Broadway mall in Gurugram's Sector 85 and 86. With the addition of new top companies, Iris Broadway is becoming a more popular retail and entertainment destination. The...
While the affordable housing sector continues to be in decline, the luxury residential market in NCR cities is booming, with a year-on-year increase in its proportion. According to the most recent research by real estate consultants Anarock, the NCR cities had a close to 12% luxury property market share in the first half of the calendar year — a nearly 100% increase from 6% in 2021. In 2019, the...
Residents of Shree Vardhman Flora, Sector 90, have filed a complaint with the deputy commissioner against the developer for failing to pay power dues to Dakshin Haryana Bijli Vitran Nigam (DHBVN), despite the fact that they were collected through a pre-paid method. This, they claim, has forced them to rely on DG sets for the last three days, compounding their financial troubles. This comes after the...
RK Arora, Chairman of Supertech, said, "Our overall loss is more than 500 crores. We have invested in land and overall construction costs." The company's chairman, RK Arora, said on Sunday that it has suffered a loss of around 500 crores, including construction and interest costs, as a result of the demolition of its twin towers in Noida. The approximately 100-metre-tall twin towers, Apex and...
The Grand Hyatt brand makes its arrival in the Indian state of Haryana with the 442-room resort. The Grand Hyatt Gurgaon in Delhi NCR has opened, according to Hyatt Hotels Corporation. The 442-room luxury hotel is the first Grand Hyatt property in Gurgaon, and it is a vibrant luxury destination that will give an inspiring environment to meet, work, celebrate, and stay for both business and leisure...