Dwarka E-Way to be Ready by Aug This Year: NHAI
Work on two phases of Dwarka Expressway in Gurugram will be completed by August this year, as more than half the key works on the stretch have been completed, highway authority officials said on Wednesday. Officials of the National Highways Authority of India (NHAI) said that barring one plot near Kherki Daula, work on the […]
The Trend of Pre-Leased Commercial Assets
A pre-leased or pre-rented commercial property is one which has already been leased to a tenant and is sold in the market thereafter. The lease gets transferred to the new owner along with the transfer of property rights. Today, pre-leased commercial properties have become a compelling investment choice for investors. Investing in pre-leased properties, especially […]
Budget to Put Pandemic-hit Real Estate Sector Back on Track, Say Experts
India’s real estate sector which was engulfed by a global pandemic is now back on road to recovery. With economic activities gearing up, key announcements in the union budget have raised hopes for this sector. Industry leaders are lauding and welcoming decisions taken by Finance Minister Nirmala Sitharaman. Eminent experts opine that major budget announcements […]
Luxury Real Estate Developer Central Park Acquires 10-acre Land From BPTP at Rs 100 Crore
Luxury real estate developer Central Park has acquired a 10-acre land parcel from BPTP for Rs 100 crore. The realty player, owned by the Bakshi Group, will invest up to Rs 1,000 crore to develop a residential and commercial facility located on the Dwarka Expressway, an upcoming hub near the Delhi airport. “There is a […]
Industry Experts Advise to Invest in Commercial Segment in Real Estate this Year
Real estate sector has not been untouched from the global crisis, which according to the industry experts is going to spring up once again. This year began with the nationwide vaccination drive that everyone was looking forward to, which will work as a growth booster for all the sectors. And the real estate sector has […]
New Trump Towers Likely to Rise in India
Three years after launching its last project in India, The Trump Organization, the New York-based business venture of former US president Donald Trump is planning to look at fresh opportunities for its branded residences in the country. In January 2018, the fourth and last residential Trump Tower project was launched in Gurugram, which is being […]
NCR-Based M3M Plans to Become Debt-Free by March 2022, Launch 10,000 Independent Floors in 2021
NCR-based real estate developer M3M is targeting to become debt-free by March 2022 by paying off Rs 1,700 crore from committed receivables. It is also looking to acquire three land parcels in Gurgaon to cater to the demand of independent floors and would be launching 10,000 such units by the end of this year, top […]
Shapoorji Pallonji’s Joyville to Invest Rs 400 Crore in Housing Project at Gurugram
In January 2019, the company had launched the first phase of the 18-acre project Business conglomerate Shapoorji Pallonji’s real estate platform Joyville will invest around Rs 400 crore to develop the third phase of its housing project in Gurugram as demand for residential properties has recovered from June last year. Joyville Shapoorji Housing MD Sriram […]
Real Estate Developer M3M has Repaid Rs 500 Crore Debt Since Lockdown
Real estate developer M3M has repaid Rs 500 crore debt since lockdown was lifted and the company is on course to clear the balance liabilities of about Rs 1,700 crore by March 2022, its director Pankaj Bansal has said. “We have committed receivables of Rs 1,500 crore from the commercial and residential properties we are […]
Sohna Road is NCR’s Top Micro Real Estate Market
Sohna Road and Dwarka Expressway in Gurugram have emerged as the top performing real estate markets in NCR, with an appreciation of 19% and 14%, respectively, in the average property prices since 2013. This is as per the latest report released by realty consultants Anarock. And these two micro markets are followed by New Gurgaon, […]