DLF leads in volume, while Signature Global dominates housing unit sales in July-September Quarter in Gurugram
The real estate market is in a robust phase, witnessing substantial demand and sales across diverse segments. Gurugram stands out as a city consistently achieving remarkable sales quarter after quarter. Recently, it gained attention with the sale of a Rs 100 crore apartment, setting a record as one of the most expensive properties ever sold […]
Unveiling Smartworld The Edition: An artistic triumph that promises an outstanding lifestyle
Sublimely stellar and ingeniously intricate, this new residential space is where you get to curate the home of your dreams and live like no other. Discovering a new home isn’t just about finding four walls that look pretty; it’s about creating a sanctum of solace that resonates with you and your family—a place where each […]
Godrej Properties eyes Rs 3,000 cr revenue from new luxury housing project in Gurugram
Realty firm Godrej Properties will soon launch a luxury housing project in Gurugram with an estimated revenue potential of around Rs 3,000 crore as it seeks to encash a rise in demand for premium residential properties. The company will develop nearly 750 apartments in a 9.5-acre housing project ‘Godrej Aristocrat‘ located at Sector 49 in […]
Gurugram Metro: New Company Launched for Cyber City Connectivity, Rapid Expansion in the Pipeline
The Haryana government forms Gurugram Metro Rail Ltd. for the Millennium City Centre to Cyber City project, enhancing urban transit with a 28.50 km corridor. The state government has decided to form a new company, Gurugram Metro Rail Limited, to oversee the metro rail connectivity project from Millennium City Centre to Cyber City Gurugram, a […]
Property rates in Gurugram may increase by 70 per cent; here is why
Property prices in Gurugram may see an unprecedented hike as new collector rates have been proposed by the district administration for the year 2024. The Gurugram administration has proposed an average hike of around 40 per cent in collector rates in the city from January 2024, a step which will lead to surge in property […]
Air India leases 620,000 square feet in Gurgaon for training centre
Tata-owned Air India has leased about 620,000 square feet space in Gurgaon’s Sector 75 for its training centre. The airline will pay an annual rental of about Rs 60 crore, and it has leased the property for a period of 21 years, said people close to the development. They said the developer will construct the […]
RBI’s rate pause boosts real estate, inflation concerns linger: Experts
Experts from the real estate sector have praised the Reserve Bank of India’s decision to keep lending rates steady, highlighting its positive impact on demand and affordability. However, some concerns remain regarding potential inflationary pressures in the coming months, experts said. Samantak Das, Chief Economist and Head of Research and REIS (India), JLL, noted the […]
Ericsson in talks to pick up over 5 lakh sq ft workspace on lease from Skootr in Gurgaon
Swedish telecom equipment maker Ericsson has signed pacts to lease up to 525,000 square feet of office space from Skootr at the Vatika One on One building in Gurgaon, in one of the biggest managed workspace deals in the country, three people aware of the development said. The company has signed an agreement to lease […]
Gurugram’s real estate to get a boost with the advent of Metro project
Gurugram’s property values are expected to surge with the metro route covering pivotal sectors and business districts. Gurugram, the bustling satellite city of Delhi, is gearing up for a transformative boost in its real estate sector with the impending metro rail project. Similar to the successful models of DMRC and NMRC in Delhi and Noida, […]
India’s construction sector levels up as housing demand spurs economy
If India needed any more proof that it was in the midst of a huge housing boom, it got in this week’s GDP data, heightening expectations that the industry will continue to power the economy for years to come. The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the […]