Listen to The Article The enforcement wing of the department of town and country planning (DTCP) partially demolished 27 flats in the Palam Vihar area on Thursday after developers and property owners unsealed the sealed units and resumed work. The DTCP has sealed 32 flats that were illegally built by developers in the neighbourhood. The violators, on the other hand, quickly removed the seals...
Listen to The Article M3M Realty will invest Rs 130 crore in developing 4.87 lakh square feet of retail space in Gurugram. The project is expected to generate Rs 1,000 in revenue for the M3M developer. The 'M3M Route65', an over 4 acres’ project in Gurugram, next to the Worldmark in Sector 65. "We are pretty aggressive in our retail portfolio and have delivered over 5 million square...
Listen to The Article The Haryana government intends to invest Rs 1 lakh crore in the Global City project in Gurugram, which will span over 1,080 acres of land. At a news conference here on Thursday, Chief Minister Manohar Lal Khattar, who recently visited Dubai and secured financing for this project, said at a news conference here on Thursday that the project is being made by the Haryana...
Listen to The Article The upcoming cabinet meetings of the state and federal governments may put two proposed metro lines for the city on the agenda, where the present urban rail network is limited to 17 kilometres and has not been extended since 2017. One of the two planned routes is an 8.4-kilometer-long corridor. Gurugram runs from Palam Vihar to Dwarka in Delhi. The metro line for...
Listen To The Article The Reserve Bank of India's decision to raise the repo rate by 50 basis points to 5.9 percent, far higher than the pre-pandemic level of 5.40 percent, is likely to restrict the pace of expansion in the residential real estate industry. The city's realtors believe the move will have a long-term impact on the sector's growth and could have been postponed until after the...
Listen to The Article After the Reserve Bank of India (RBI) raised the policy repo rate by 50 basis points (bps) to 5.9% in its Monetary Policy Committee (MPC) meeting on Friday, leading housing finance provider HDFC Ltd. raised its lending rate by 50 basis points. HDFC has executed seven rate hikes in the last five months. “Effectively from October 1, 2022, HDFC bank increases its Retail...
Listen to The Article Gurugram and Nuh districts are all set to get the 10,000-acre jungle safari park. "The planned jungle safari park will be the world's largest such endeavour," it claimed in a statement. Sharjah now has the world's largest curated jungle safari park outside of Africa. The Sharjah Safari will occupy over 2,000 acres when it opens in February 2022. Haryana will create the...
Listen to The Article Nucleus Office Parks, the operating platform for Blackstone Group's fully owned office property in India, has leased over 7.50 lakh commercial projects this year throughout its Pan-India portfolio, and these rentals are likely to increase as rental income increases. Annual revenue of approximately Rs 1,100 crore. The operational platform has completed nearly 2.5 million...
Listen to The Article The Land and Development Office (L&DO) stated on Thursday that high-end properties in Delhi that were converted from leasehold to freehold before March 2000 may be registered without a no-objection certificate (NOC). L&DO, which reports to the Union Housing and Concrete Affairs Ministry, instructed the Delhi income division in July not to register any property...
Listen to The Article DLF will build a new premium low-rise independent floors housing complex in Gurugram with a sales value of more than Rs 1,800 crore, stated the company’s Group Executive Director Aakash Ohri on September 26. The Grove, located in DLF5, Gurugram, is a low-rise luxury development with 292 units offering 4 BHK and 4 BHK plus entertainment lounge, as well as a staff room...
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