Real Estate

Listen To The Article The town and country planning department (DTCP) has recommended that all projects of two developers be stopped from registering sale and lease deeds because they failed to pay for structural audits of their residential societies in Gurugram. Despite repeated reminders, district town planner Amit Madholia wrote to deputy commissioner Nishant Yadav that Raheja Developers...

Listen To The Article Gurgaon’s Golf Course Road, Extension Road, and Sectors 128–135 on the Noida Expressway are emerging as preferred NCR micro markets for developers for both residential and commercial projects, with non-residents looking to acquire land in these two areas. While M3M has several projects on Gurgaon’s Gold Course Road Extension, DLF is also planning to launch a group...

Listen To The Article Godrej Properties Limited paid Rs. 377 crores to the local authority for two land parcels for a residential project in Noida. Godrej emerged as the highest bidder for both plots after the authority received five bids. "The Noida authority will earn Rs 377 crore from the auction, which will attract Rs 2,000 crore in investment," the Noida authority said in a...

Listen To The Article Homebuyers of Pyramid Urban Homes 2, an affordable housing project in Sector 86, Gurugram will receive Rs 50,000 in compensation because the developer built two additional towers in violation of the approved plan. The Haryana Real Estate Regulatory Authority H-Rera has ordered the developer to refund interest-free security, labor cess, and other charges collected from...

Listen To The Article In a statement, Mukesh Ambani's firm said, "Model Economic Township Limited (MET City), a wholly owned subsidiary of Reliance Industries Limited (RIL), is emerging as a world class Greenfield Smart City near Gurugram, Haryana.” MET City is a Japan Industrial Township (JIT), and its integrated industrial township is home to four leading Japanese companies. "Nihon...

Listen To The Article The district administration announced on Saturday that a tower of the Chintels Paradiso society in Gurugram, which partially collapsed in February, killing two women, will be demolished, citing a report by an IIT Delhi team that discovered structural deficiencies "beyond repair." The dining room floor of a sixth-floor apartment in Tower D collapsed on February 10,...

Listen To The Article According to a survey, approximately 20 percent of NRIs intend to buy homes in NCR cities for investment purposes. Other major cities on the NRI's wish list include Bengaluru and Hyderabad. As per the report, the devaluing rupee and the ongoing resilience in the Indian residential real estate market are significant draws for NRIs to invest in their home country....

Listen To The Article The GMDA will spend approximately 120 crores to build a service road and a sewage system on both sides of the high-speed corridor. The Gurugram section of the Dwarka Expressway is almost finished and will be fully operational in early 2023. Thousands of families in newly developed sectors 81 to 115 benefit from the construction of service roads, and residents have...

Listen To The Article IJM Toyota Showroom, the authorized dealer and seller of Toyota cars headquartered in Punjab, has leased a large retail space to Spaze Group of Gurugram. IJM Toyota has purchased over 15,000 square feet of space in Spaze Group's commercial project, Spaze Boulevard, on Sohna Road in Gurugram. The showroom was recently opened and features some of Toyota's best offerings,...

Listen To The Article Smartworld Developers Pvt. Ltd., based in Gurgaon, has raised Rs. 250 crores from Motilal Oswal for the expansion of projects, according to a senior executive. Smartworld Developers, which was founded in 2021 by M3M Group promoters, announced an investment of around Rs 3,000 crores in October last year to develop the company’s first two residential projects in...