Listen To The Article M3M India has purchased 1.3-acre land parcels in Gurugram for approximately Rs 200 crore in order to construct a luxury commercial project, primarily retail space. The land near IFFCO Chowk was acquired through an auction held by Haryana Shahari Vikas Pradhikaran (HSVP). The entire project would cost Rs 250 crore. The estimated top line for this...
Listen To The Article WeWork India has leased over 50,000 square feet of office space in Gurgaon to the National Australia Bank, which plans to open its first office in India. The office will be located at WeWork's recently opened office in DLF 9A in Cyber City, Gurgaon. WeWork’s newly opened office in DLF 9A in Cyber City, Gurgaon, will fully fund the workspace....
Listen To The Article Godrej Properties (GPL) has purchased an 18-acres land parcel in Kandivali, Mumbai for about 750 crores. According to the company, the project has a developable potential of approximately 3.72 million square feet and an estimated revenue potential of approximately 7,000 crores. The project will include premium residential apartments as well as...
Listen To The Article There was a flurry of activity in the Noida Authority's office regarding the New Noida 2041 master plan. On Saturday, the School of Planning and Architecture presented its report at the Noida Authority's office in Sector 6. In which it was stated that the initial development of New Noida will take place on 3,000 hectares of land. The development...
Listen To The Article "MDH has purchased 20,236 square metres of land in Sector 18 Gurgaon for Rs 98 crore and another 1,000 square metres of land in Udyog Vihar in Gurgaon for Rs 22 crore. According to the CRE Matrix, a real estate data analytics firm, Mahashian Di Hatti Private Ltd., also known as MDH, purchased two industrial plots in Gurgaon for Rs 120 crore. "Increased demand for...
Listen To The Article Motilal Oswal Group has provided Rs 450 crore to Shapoorji Pallonji Real Estate (SPRE) to fund two Shapoorji Pallonji Real Estate projects. Motilal Oswal Alternates, the Motilal Oswal Group's investment arm, has committed Rs 450 crore to Shapoorji Pallonji Real Estate. The funds were allocated to complete two projects. One of the projects is a partially...
Listen To The Article Elan Group, based in Gurgaon, will invest Rs 4,000 crore in developing 8 million square feet of luxury residential space on the Dwarka Expressway, on a 40-acre land parcel purchased from Indiabulls Real Estate in January for Rs 580 crore. It is a fully licenced 40-acre property, with 30 acres reserved for residential development and 10 acres set aside for...
Listen To The Article The Special Window for Affordable and Mid-Income Housing (SWAMIH) fund has accepted approximately Rs 207 crore for the completion of a stalled real estate project in Greater Noida. The last-mile funding, of which the first instalment was recently released, will result in the timely supply of homes to 1,000 house consumers at Sikka Kimaya Greens. "The Sikka group...
Listen To The Article Adani Group has won the bid to redevelop Mumbai's Dharavi area, one of Asia's largest slum clusters. The Maharashtra government officials opened financial bids for the Dharavi redevelopment project on November 29. SVR Srinivas, Chief Executive Officer of Dharavi Redevelopment Project says "We got three bids, of which we opened two financial bids of Adani and DLF as...
Listen To The Article Following the repeal of GRAP-3 restrictions, the forest department intends to carry out a demolition drive to free Aravalis from encroachment in the district. Beginning next week, it will demolish illegal structures on more than 20 acres of Aravali land in Abheypur near Damdama lake. In the Sonya Ghosh case, the NGT ordered an end to illegal tree felling, construction...
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