Listen To The Article Gurugram Developers want that the city's infrastructure must be upgraded and the stilt-plus-four-floors policy restored. They claimed that because there is such a high demand for residential floors in the city, there is a need for establishing criteria for building, the environment, and other concerns associated with fourth floors. The developers met with P Raghavendra, the...
Listen To The Article The National Capital Region (NCR) saw a spike in new residential unit releases during the first quarter of 2023, as per the most recent data by the real estate consultants Anarock. However, there has been a small decline in sales due to several reasons. Around 12,450 new apartments were added across NCR cities in the first quarter of 2023, which is 34% more than the same...
Listen To The Article The Gurugram administration raising circular rates by up to 30% throughout the district, as a result the property rates in Gurugram are expected to rise. According to the order made by the district collector of Gurugram on April 3, rates for residential, agricultural, and commercial properties in Gurugram tehsil have increased by 20%, while rates in Badshahpur tehsil have...
Listen To The Article Hero Realty has partnered with Saheb Enterprise to build a 2 million square foot mixed-use joint project in Gurugram with a projected sales income of Rs 2,000 crore. Hero Enterprise is owned by Sunil Kant Munjal that promotes Hero Realty. Sources claim that Hero Realty and Saheb Enterprise, the owner of an 8-acre property tract, have inked a joint development agreement for...
Listen To The Article The Gurugram Metropolitan Development Authority (GMDA) has suggested levying a 1% user fee in the form of a duty on real estate transfers in the areas along the Southern Peripheral Road (SPR), Gurugram. Due to finance concerns, the SPR project has been delayed; however, according to GMDA, the full tendering procedure has been finished, and the powerful committee headed by...
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 The Gurugram Metro declaration made during the Haryana budget is expected to significantly increase demand for residential and commercial space, according to real estate developers. With 27 stations, including a stop at the Dwarka highway, the projected 28.8-km-long corridor that will connect the Huda City Centre to Cyber City via Old Gurgaon is anticipated to feature 27...
Listen To The Article The second phase of the structural assessments of highrise residential societies will begin on April 1 as per the decision made by the district administration. This follows a meeting to discuss the issues highlighted in the first phase between (resident welfare associations) RWAs, developers, and auditing agencies at the mini secretariat. Many highrise societies encountered...
Listen To The Article Two separate FIRs have been filed for alleged fraud against Gurugram based reputed real estate developer Vatika Limited and its managing directors. An FIR has been registered at the Sector 10-A police station for Rs 133 crore rupees fraud, while one more has been registered at the Kherki Daula police station for Rs 36 lakh rupees cheating. Both FIRs were filed on the advice...
Listen To The Article The Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has rejected real estate promoter Shree Vardhman Infraheights Private Limited's application for an extension of registration for its group housing project Shree Vardhman Victoria, “over repeated non-compliance” with various rules and the Real Estate (Regulation and Development) Act, 2016. According to...