Listen To The Article The Special Window for Affordable and Mid Income Housing (SWAMIH) investment fund has finished more than 20,000 homes worth 12,000 crores since its launch in 2019. The Union Finance Ministry is funding the SWAMIH fund, which is aimed at debt financing of distressed and affordable housing properties. Stressed properties are repossessed properties from a defaulting...
Listen To The Article The Gurugram Metropolitan Development Authority (GMDA) announced that construction on a key stretch of the master sector dividing the road passing through sectors 77, 78-78A, and 79-79A would begin within 15 days. It was stated that a hillock would be cleared to make way for sector road construction. GMDA officers stated that they got permission to remove the hillock in...
Listen To The Article Migsun Group announced that it has purchased 9 acres land parcel in Rohini, Delhi, for Rs 265 crore in order to develop a high-street retail project. They bought a land parcel in Rohini's Sector 22 from Yogi Raj Promoters Pvt Ltd for the development of retail project. According to Migsun Group MD Yash Miglani, the company has entered into a share purchase agreement with...
Listen To The Article Central Park, a real estate developer known for concept-based luxury housing with exceptional hospitality services, has launched luxury independent floors in Gurugram. The Orchard, based on the concept of a fruit valley, is located in iconic global township Central Park Flower Valley, Sohna. The Orchard is a low-rise luxury development with 284 residences in Stilt+4...
Listen To The Article The department of town and country planning (DTCP) Gurugram has directed its planning wing officials not to issue occupation certificates (OCs) to residential properties where the owners have built a four-story building plan. According to DTCP officials, many residential plot owners have built four-story buildings despite only receiving approval for two floors. They...
Listen To The Article The Department of Town and Country Planning (DTCP) has overturned its decision to cancel the project licence for an affordable housing project MRG Skyline in Sector 106. Following the cancellation of MRG Skyline's licence in November 2022, DTCP last week wrote to the police requesting an FIR against the developer for violation of norms. According to department...
Listen To The Article Marengo Asia Hospitals has increased its existence in the Delhi NCR by acquiring a 100% stake in the 250-beded W Pratiksha Hospital in Gurugram. Marengo Asia Healthcare acquires or partners only with clinically sound hospitals in order to integrate them into the Marengo Asia Hospital chain. Marengo Asia Hospitals has scaled up to 800 hospital beds in Delhi-NCR with its...
Listen To The Article The department of town and country planning (DTCP) Gurugram has suspended the licences of three affordable housing projects for failing to comply with their terms and conditions. Ocean Seven Buildtech Private Limited was granted licences in 2016, 2018, and 2019 to develop Expressway Towers in Sector 109, Golf Heights in Sector 69, and The Venetian in Sector 70 Gurugram...
Listen To The Article The Haryana government presented a Rs 1.83 lakh crore budget for the financial year 2023-2024, with Rs 5,893 crore kept for urban development and the housing sector. In his Budget speech, Chief Minister Manohar Lal Khattar also stated the establishment of two data centre parks in the state, one in Gurugram and one in Ambala district. In addition to the benefits of...
Listen To The Article Hero Realty Pvt Ltd has paid Rs 90 crore for a 5-acre plotted residential project in Sector 85, Gurugram. Cushman & Wakefield, a property consultant, assisted with the transaction, and the seller's identity has yet to be revealed. Hero Realty, a secondary body of Sunil Kant Munjal's Hero Enterprise, has purchased land in Gurugram's Sector 85 for residential...
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