Gurugram Continues to be the Preferred Choice of Investors and End-Users
Gurugram has grown into a vibrant real estate hotspot over the years. Property markets in the city have been buoyed by demand for spacious homes, high-quality office space, and larger warehouses. With the growing trend of remote working, first-time buyers and homeowners are eyeing larger homes in Gurugram with modern amenities. In the age of […]
Private Equity Firm PAG Invests Rs 425 Crore in Realty Firm Elan Group
Global Alternative Investment Firm PAG has invested over $50 million (about Rs 425 crore) in Gurugram based real estate developer Elan Limited, a group company of Elan group. The investment will be used towards Growth Capital for their upcoming projects, the company said. “This deal assumes great significance for the Elan Group with a global […]
Changing Homebuyer Preferences, NRI Demand Keep Luxury Housing in Top Gear
Spurred by homebuyers’ growing preference for bigger homes, depreciating rupee, rational pricing, and digital boom, the luxury housing market is on a roll across the top cities of the country, including Delhi-NCR. Accoridng to ANAROCK Research, of about 1.84 lakh housing units sold across the top 7 cities in H1 2022, about 14% (close to […]
Elan Group Concludes 40-Acre Land Transaction with Indiabulls Real Estate
Gurgaon based Elan Group has concluded land transaction of 40-acre for Rs 580 crore in Sector 106, Dwarka Expressway Gurugram with Indiabulls Real Estate, one of the biggest land deal in the country. According to the regulatory filing by Indiabulls, in January this year, the company had divested 100% stake in its subsidiaries – Airmid […]
Luxury housing sale booms on back of Covid EBB: Report
Luxury housing has made a comeback across the country this year with the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR) seeing the maximum sales in the first half of the year, a report released by Anarock, a leading real estate services company, said on Monday. According to the report, 25,700 units — […]
Luxury Housing Demand Surges as Affordable Segment Shrinks in NCR
At a time when the affordable housing sector is witnessing an apparent slump, the luxury residential market in NCR cities is booming with a year-on-year increase in its share. This inference can be drawn from the latest report by real estate consultants Anarock that has recorded close to a 12% luxury housing market share in […]
Construction of Shankar Chowk Subway set to Begin in 2 months
The construction of a pedestrian subway at Shankar Chowk will commence within the next two months, Gurugram deputy commissioner (DC) Nishant Kumar Yadav said on Wednesday. Yadav, along with officials of the Raahgiri Foundation, the Gurugram Metropolitan Development Authority (GMDA), Gurugram police, the National Highways Authority of India (NHAI), and DLF carried out a joint […]
Haryana CM Manohar Lal Khattar sets October 2 Deadline for Atul Kataria Chowk Underpass
Commuters at Atul Kataria Chowk will have to wait longer for traffic movement at the junction to be streamlined, it will take the public works department (PWD) at least one more month to construct the underpass planned there, officials said. PWD is executing the work on behalf of the Gurugram Metropolitan Development Authority (GMDA). Haryana […]
AIPL Leases 3 lakh Sq Ft at Gurgaon Project
Realty firm AIPL has leased 3 lakh sq ft of retail space in a year at its Gurgaon project, a senior executive said. With this, the company has leased most of the 4.8 lakh sq ft of retail area to big brands including Haldiram’s, Inox, Costa Coffee, Fab India Chaayos, Bridgestreet, Looks Salon, Sodhi’s Super […]
Global Furniture Giant IKEA lines up Rs 7,300 Crore for Delhi-NCR
Global furniture giant IKEA on Tuesday said its first Ingka Centre in India — a mixed-land use commercial venture with the Ikea store as its centrepiece — will open in 2025 in Gurgaon. Through Ingka Centres, the company said it is investing Rs 400 million (Rs 3,500 crore) in the Gurgaon venture and Rs 900 […]