Gurugram Section of Dwarka Expressway to Fully Open in 2023, Not by Year End
The Dwarka expressway will open to commuters in stages, and the 19km section in Haryana will be fully open by early 2023, not by the year-end as announced earlier, according to senior officials with the National Highways Authority of India (NHAI). Currently, some sections of the expressway are in use by commuters. The next opening […]
Shop-Cum-Offices: A Preferred Choice for Both Real Estate Developers & End Users
The current year has ushered in a paradigm shift in conventional commercial real estate development models. For some of Gurugram’s most prominent realty players, the modus operandi seems to be pivoting towards shop-cum-office (SCO) plots as a more lucrative business model. Various real estate development giants are, therefore, looking to build a more sustainable economic […]
Smartworld Developers Raises Rs 250 cr from Motilal Oswal for Existing Housing Projects, Future Growth
Realty firm Smartworld Developers Pvt Ltd has raised Rs 250 crore from Motilal Oswal to build existing housing projects and fund future growth plans. Smartworld Developers, which has been set up by promoters of M3M Group in 2021, in October last year announced an investment of around Rs 3,000 crore to develop the company’s first […]
DLF Lines up Properties worth Rs 3,500 Crore for Second Half of FY23
Realty major DLF plans to launch new projects worth Rs 3,500 crore during the second half of this fiscal, mainly in Gurugram and Panchkula as it seeks to tap a rising demand. In an investors presentation, DLF informed that the company plans to launch residential projects across Gurugram and Panchkula by March 2023 after getting […]
M3M India to Invest Rs 700 Crore on New Retail Real Estate Project in Gurugram
Realty firm M3M India on Thursday said it will invest Rs 700 crore to develop a new retail property in Gurugram, Haryana. The company said in a statement that it has launched a retail project – ‘M3M Capitalwalk’ in sector 113, Gurugram, on the 150-metre-wide Dwarka Expressway. The project will have 1,047 units of different […]
Southern Peripheral Road: Emerging as the Most Sought-After Livable Sub-Cities in Gurugram
Southern Peripheral Road in Gurugram is one of the most sought-after destinations for real estate developers and buyers. Directly connecting Golf Course Extension Road to Sohna Road and NH-8, the region is widely connected to significant spots in the vicinity. This highway is 16 km long and has become a realty hotspot due to the […]
Gurugram: Vatika Chowk Underpass Work to Start Soon, NHAI seeks Information on Utilities
Construction of the much-awaited underpass at Vatika Chowk on Sohna Road is expected to start soon. NHAI has started soil testing, a prerequisite for construction of underpasses. The highways authority has written to GMDA, MCG and other agencies to share details about the underground utilities in the area and expected costs for shifting. Officials said […]
Luxury House Sales keep Rising but Budget Home Buyers’ Dreams may falter
The demand for luxury homes has been soaring post the COVID-19 pandemic as in the first six months of 2022, people across the top seven cities bought 25,680 units of luxury homes, which is 14 percent of the total houses sold from January-June, according to a recent report by property consultant firm Anarock. These houses, […]
DLF Sells all 292 Luxury Homes in New Project at Gurugram for over Rs 1,800 Crore
Realty major DLF has sold all 292 luxury homes in Gurugram for over Rs 1,800 crore within few days of the launch of the project, signalling strong demand despite rise in interest rate on home loans and property prices. On September 26, DLF had launched its project ‘The Grove’ located at DLF phase-5 in Gurugram, […]
DLF Q2 Profit up 26% YoY to ₹477 cr, Board okays Fundraise of ₹1,500 cr
Commercial real estate developer, DLF posted a 25.89% rise in consolidated net profit of ₹477.04 crore which is attributable to owners in the July – September 2022 (Q2FY23) quarter, compared to a profit of ₹378.93 crore clocked in the same period last year. The Q2 PAT climbed by 1.59% however compared to ₹469.57 crore in […]