Top Developers Clock Record Housing Sales Despite Pangs of Pandemic
Driven by homebuyers’ increasing preference for branded homes, some of the top developers of the country have recorded their best-ever sales in 2021-22. Notwithstanding the devastating second wave of the pandemic, India’s housing space staged a convincing comeback in 2021. ANAROCK data reveals that housing sales rose 71% YoY in 2021 with close to 2.37 […]
1,500 acres allotted to IT industry in IMT Sohna
The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has ‘drawn up an ambitious plan’ to project IMT Sohna as the next destination for the electronics & IT industry by allotting over 1,500 acres of prime land for the project, said a release issued by the district administration on Thursday. According to officials from the […]
SPR is Gurugram’s Next Residential & Commercial Hub
Southern Peripheral Road (SPR) is expected to be the most important and highlighted commercial and residential hubs of Gurugram in the coming/near future, as it features connectivity link to golf course extension road and NH8 along the Sohna road. Southern Peripheral Road (SPR), a 150-meter-wide road, will directly connect the Golf Course Extension Road and […]
Signature Global to Invest Rs 550 Crore to build Housing Project in Gurugram
Realty firm Signature Global will invest Rs 550 crore to develop the second phase of its housing project in Gurugram. Last month, Signature Global, which focuses on building affordable housing projects, had raised long term capital of Rs 400 crore from HDFC Capital’s realty fund. The company said in a statement that it will construct […]
TARC to Demolish Central Delhi Mall for Residential Project, invest Rs 700 crore
Bain Capital-funded property developer TARC, which recently raised Rs 1,330 crore from the global private-equity major, plans to demolish a mall in central Delhi to develop 1.6 million sq ft of premium homes at an investment of Rs 700 crore, CEO & MD Amar Sarin told ET. Mumbai-listed TARC had earlier sold some of its […]
DLF to Invest ₹200 Cr for Expanding Delhi’s Vasant Kunj Mall in Luxe Push
Real estate developer DLF will invest ₹200 crore to expand its mall at Vasant Kunj, in the national capital, with a dedicated shopping area for luxury products, according to a senior executive. The company plans to develop 300,000-400,000 sq ft of space as a luxury retail area next to DLF Promenade and will apply for […]
Independent Floors Gaining Traction Among Service Class People
Changing buyer preferences and the desire for safer independent living after the current health crisis have boosted demand for independent floors. Driven by changing buyer preferences in the wake of pandemic-induced challenges, both independent homes and independent floors are seeing a surge in demand, particularly in cities where the availability of land is not a […]
Key Master Sector Road to be Built in 6 Months: GMDA
Senior officials from the Gurugram Metropolitan Development Authority (GMDA) on Saturday met residents of developing sectors and assured them that a key master sector road passing through sectors 77 to 79 and drainage along the stretch will be completed in the next six months. Officials discussed various issues related to roads in these sectors with […]
5 km Link to Bring Gurgaon VK Closer Ease T3 Drive
The national capital will get one of the country’s widest tunnels, to be built using the tunnel boring machine (TBM), which will provide non-stop connectivity from Nelson Mandela Road in Vasant Kunj to NH-8 near Shiv Murti and also ensure seamless drive up to the New Delhi airport’s Terminal-3. The National Highways Authority of India […]
Haryana Government Plans to Auction 150-Acre Land in Gurgaon for First Phase of Global City
Haryana government will put up about 150-acre land for auction in Gurgaon, where it plans to invest Rs 4800 crore on creating infrastructure for global city, Vikas Gupta, managing director of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) told ET. Haryana Chief Minister Manohar Lal Khattar held a series of consultations with developers of […]