Listen To The Article The newly formed Residents Advisory Council (RAC) of the Gurugram Metropolitan Development Authority (GMDA) was informed that by June 2024, most of the roads in Gurugram would receive specialized repairs and upgrades to provide better connectivity and commuting experiences to residents. When the RAC met for the first time, Sudhir Rajpal, CEO of the GMDA, informed the...
Listen To The Article Lodha Group, also known as Macrotech Developers, reported a 16 percent year-on-year increase in pre-sales to Rs 3,035 crore in the three months that ended December 2022, marking its best quarterly performance. In the December 2021 quarter, the company reported pre-sales of Rs 2,608 crore. Pre-sales for the first nine months of the current financial year totaled Rs 9,039...
Listen To The Article The country's real estate sector is expected to grow by 15% from $ 60 billion in 2010 to $1,000 billion by 2030, contributing 13% of India's GDP by 2025. By 2023, the organized retail real estate sector is expected to grow by 28% to 82 million square feet. According to Ansh Batra, Director of Buniyad Group, the post-pandemic momentum appears to be building. "Despite a slight...
Listen To The Article Godrej Properties Limited, one of India's leading real estate developers, announced that it had signed a development agreement for 14.27 acres of land in Gurugram, Haryana. The proposed development on 14.27 acres of land is expected to generate approximately 3,000 crores in revenue. The majority of the Godrej properties' limited development will be premium residential...
Listen To The Article M3M India, a real estate developer, has paid Rs. 1,500 crores for a 350-acre plot of land in Panipat, Haryana. The company plans to invest another 1,200 crores in the development of an integrated township. This property is purchased from Ambience Group. M3M India Director Pankaj Bansal told PTI that the company will invest a total of 2,700 crores in this township project,...
The Town and Country Planning Department of Haryana have released the latest master plan, Gurgaon Master Plan 2031. On February 5, 2007, the Gurgaon Master Plan 2021 was released, with a population of 37 lakhs and a population density of 80 persons per acre. However, due to rapid urbanization, the Gurgaon Master Plan was revised for the year 2025, with a population density of 120 people per square...
Listen To The Article People in Delhi and Noida will soon be able to take the metro from New Delhi Railway Station directly to Greater Noida. The Uttar Pradesh government's proposed rail link, according to DMRC, will provide last-mile metro connectivity until the Noida International Airport in Jewar. The DMRC signed an agreement with the Yamuna Expressway Industrial Development...
Listen To The Article Winworld Realty Former US President Donald Trump's Trump Organization plans to open nearly a half-dozen ultra-luxury properties in India. The group is in talks with Gurgaon-based Tribeca Developers and plans to begin construction on at least two of these Trump properties by 2023. Donald Trump Junior, the flamboyant US President's son and executive vice president...
Listen To The Article Sanskar Homes, a Delhi-based real estate developer, has paid Rs 71 crore for an 800-square-yard property in South Delhi's Westend. Ravi Arora’s company intends to build residential floors on the property. Previously, the company, which focuses on luxury floors, had purchased a bungalow from Mobius Foundation chairman Pradip Burman for...
Listen To The Article Winworld Realty The GMDA intends to redevelop Southern Peripheral Road (SPR) by building eight flyovers and an underpass along the 12-kilometer stretch. This comes five months after Manohar Lal Khattar directed GMDA officials to expand the Golf Course Road (Extension) upgrade plan to include the entire SPR. At the ninth Authority meeting in...
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