The residential sales in Delhi-NCR reached a 10-year high in the first half of 2023 with 30,114 units sold, with Gurugram accounting for more than half of the units sold with a 52% share. A combined 32% of the market was accounted for by Noida and Greater Noida. Ghaziabad contributed 12%, while Delhi and Faridabad each contributed 2%. The volume of home sales in 2023 will increase by 3% annually...
The focus is now on land purchases as real estate developers are picking up the pace with new projects as major companies have high sales goals for themselves beginning this year. According to JLL India report, approximately 100 land transactions encompassing a region with a 209 million square foot development potential occurred between January 2022 and May 2023. About 84% of this was allocated...
AltF Coworking has announced the opening of two additional locations in Noida and Gurgaon. The expansion demonstrates the company's dedication to offering cutting-edge workspaces that promote collaboration and productivity for professionals and enterprises. The Noida property is conveniently placed along the Yamuna Expressway, whereas the Gurgaon home is located on the Golf Course Road. These...
Listen To The Article According to a top corporate official, Godrej Properties estimates a 14% increase in sale bookings this year to a record Rs 14000 crore due to strong housing demand. Godrej Executive Chairman Pirojsha Godrej told that the company's performance in 2022-2023 was very solid on all essential indicators such as sale bookings, cash collections from clients, project completion,...
Listen To The Article Renowned developers and foreign funds focused on Delhi-NCR and Mumbai to invest in land acquisition throughout 2018–2022, as over 60% of the fund was used in these two major cities, according to an analysis conducted by property consultancy firm CBRE. Delhi-NCR attracts approx. 3.8 billion to acquire 1760 acres of land spread across 67 deals, while Mumbai witnesses 73...
Listen To The Article Paras Buildtech, a reputed real estate company, announced that it expects to earn Rs 108 crore from its new commercial property in Gurugram. According to the sources, the company has started a new project where it would sell more than 40 plots for the development of SCOs (shops cum offices). The 'Paras Arcade 114' project spans around 3.25 acres and contains 4,597 square...
Listen To The Article Gurugram real estate market has grown exceptionally in both the residential and commercial sectors. Regardless of high competition from important NCR markets like Noida, Greater Noida, and Faridabad. Gurugram has developed into a well-known investment area in recent years on a global scale as a result of the considerable presence of Fortune 500 firms and multinational...
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 Max Estates, a subsidiary of Max Ventures and Industries Limited (MaxVIL), has so far deployed equity worth approximately Rs 2,000 crore, and funded the acquisition of four projects in Noida and Gurugram, respectively, according to MaxVIL MD and CEO Sahil Vachani. We have acquired these four projects entirely through equity. We raised the funds by selling our packaging...
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...