Real Estate

The price of affordable flats in Gurugram, Faridabad, Panchkula, Pinjore, and Kalka has increased from $4,200 per square foot (sq. ft.) to $5,000 per sq. ft. as a result of new rates announced by the department of town and country planning (DTCP) on Thursday. Additionally, the cost of a balcony has gone up from $1,000 to $1,200 per square foot. However, according to the regulation, if the balcony is...

The BPTP Astaire Gardens a prestigious Gurugram township project, has announced the inauguration of DMart, the largest 1-acre retailer in the area. DMart will provide locals a modern, all-inclusive supermarket experience by entering this crucial milestone at Gurugram. The addition of DMart at BPTP Astaire Gardens enhances the residents' convenience and shopping experience by perfectly aligning with...

The real estate market saw a tremendous improvement in the first quarter of financial year 2023, with home sales in the top 7 cities topping 100,000 units. In addition, the new launches have increased significantly Year on Year by 23%, from 89,140 units in quarter one 2022 to roughly 110,000 units in 2023. In top seven Indian cities, Delhi-NCR stands out as the leader in terms of new home...

Gurugram is a booming city in the National Capital Region (NCR), is anticipated to see a large increase in the value of its real estate because of infrastructure developments. The Millennium City is quickly becoming a vibrant centre for both residential and business activity in the whole NCR. With significant government investment and private sector involvement, the city's infrastructure...

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) intends to build Vision City, a commercial hub for items like jewellery, gems, and furniture, on about 121 acres of land near the intersection of the Dwarka Expressway and Pataudi Road in Sector 88. It will be developed after the completion of the Global City project, which will be built on 1,003 acres of land....

The Delhi government announced a 1 percent increase in transfer duty on properties priced above Rs 25 lakh throughout the city, purchasing real estate in the National Capital would now be more expensive. The Municipal Corporation of Delhi (MCD) accepted the increase in transfer duty in May 2022, but the Delhi government didn't issue a notification regarding it until July 10, 2023. The transfer...

The Municipal Corporation of Gurugram is getting ready to require separate water connections for every floors in four-story buildings in an effort to stop the threat of unlicensed non-taxed water supply. Due to unpaid water cess, the civic administration loses over Rs 7 crore each month. Only 1.9 lakh registered water connections exist despite the MC having almost 3.5 lakh homes registered with...

One of the established micro-market known for its upmarket residential and commercial construction, Golf Course Road is a desirable location for real estate development. An e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP) revealed that Godrej Properties, one of India's top real estate developers, had placed the highest offer and won the Letter of Intent to develop two group housing...

Experion Developers' has purchased three land parcels in the Delhi-NCR for Rs 1,100 crore for new residential and commercial development. Experion Developers is a 100% FDI-funded real estate developer supported by Singapore's Experion Holdings. A 4-acre land piece on Gurgaon's Golf Course Road was purchased for Rs 400 crore, and a second 5-acre parcel in Noida's sector 45 was purchased for Rs 250...

Hero Realty intends to start up real estate projects this fiscal year that would total over 4 million square feet and have a potential income potential of Rs 3,500 crore. According to Shah, the company, which is supported by Sunil Kant Munjal's Hero Enterprise, is also thinking about doing an initial public offering (IPO) in the next three to four years. Hero Realty intends to invest between Rs...