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...
Listen To The Article According to a survey, approximately 20 percent of NRIs intend to buy homes in NCR cities for investment purposes. Other major cities on the NRI's wish list include Bengaluru and Hyderabad. As per the report, the devaluing rupee and the ongoing resilience in the Indian residential real estate market are significant draws for NRIs to invest in their home country....
Listen To The Article Smartworld Developers Pvt. Ltd., based in Gurgaon, has raised Rs. 250 crores from Motilal Oswal for the expansion of projects, according to a senior executive. Smartworld Developers, which was founded in 2021 by M3M Group promoters, announced an investment of around Rs 3,000 crores in October last year to develop the company’s first two residential projects in...
Listen To The Article Whiteland Corporation has launched a mega residential project on Gurugram’s Southern Peripheral Road, sector 76. The total project area of 26 acres will be developed in phases, beginning with luxurious low rise floors and progressing to ultra-premium high-rise apartments. Gurgaon has always been an investor's first choice due to growth factors such as world-class...
Listen To The Article The National Consumer Disputes Redressal Commission (NCDRC) ordered Ramprastha to refund the entire amount paid by seven homebuyers, along with 12% interest. Around eight years ago, the homebuyers paid Rs 70-80 lakh for flats in the SKYZ project, which is part of Ramprastha City in Sector 37D. They are now expected to receive around Rs 1.2 crore each from the...
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