Luxury Property to Show Stable Growth in Delhi, Mumbai, Gurugram, Noida, Predicts Savills
International property consulting firm Savills has predicted a continuous growth in demand for high-end and luxury property in the realty hubs of Mumbai, Delhi, Gurugram and Noida in the second half (H2) of 2022. In its report, Savills on Tuesday revealed that the segment has also done well during the first half (H1) of the […]
Robust Indian Roads Network Would Drive Growth of Realty Sector
Good roads encourage 360 degree development in the region which include residential, commercial and retail complexes; schools, community centres, markets and green-belts. Due to non-congestions of traffic, the vehicle pollution decreases and since, the commutation time also decreases considerably, it also results in good health and overall cheerfulness. It would only be right to say […]
Commercial Realty: More Spaces, Greater Adsorption
The growing interest in commercial realty space shows no signs of abating. Rising high from the sluggish demand during the pandemic there is a new vigour in the segment. According to a Knight Frank report, 25 million square feet have been leased between January and June this year, translating to a 107 per cent jump, […]
Gurugram: Flyover at Atul Kataria Chowk Fully Opened to Commuters
Traffic movement at and around Atul Kataria Chowk is likely to become smoother, with the flyover, which was under construction at the junction as part of a traffic improvement project, fully opened to commuters on Saturday. One carriageway of the flyover for traffic movement from the Gurugram bus stand to Kapashera opened in May this […]
Mortgage 10% Land to DTCP: State Govt
Developers, who have launched projects to sell affordable plots under the Deen Dayal Jan Awas Yojana (DDJAY) affordable plots scheme, will no longer be required to freeze 50% of the plots as a new policy decision —taken by the state cabinet on Friday—now requires them to mortgage 10% of the project land to the department […]
Robust Demand for Luxury Real Estate Continues in 2022
Over the last couple of years, Indian consumers and NRIs have re-posted their confidence in real estate after a brief hiatus during the pandemic. Contrary to most reports, the investment flows and demand for quality real estate projects continued to grow post the pandemic. This black swan event which acted as a catalyst for the […]
Haryana Removes provision of Freezing of 50% Saleable area in DDJAY Housing Scheme
Amendments to the Deen Dayal Jan Awas Yojna-Affordable Plotted Housing Policy were approved during the Cabinet meeting chaired by Chief Minister Manohar Lal Khattar Friday. In an apparent boost to the real estate sector and to ensure the benefits of affordable housing projects reach end users, Haryana has removed provision of freezing of 50 per […]
Pardos Real Estate Acquires 7-Acre Land in Gurgaon for Rs 180 crore
Pardos Real Estate, a development platform by the DMI Group’s $250-million Alternative Investment Fund, has acquired a 7-acre land parcel in Gurgaon for about Rs 180 crore, three people aware of the deal said. The commercial land parcel, with a development potential of 800,000 sq ft, is located at sector 74 in Gurgaon. The company […]
Newly Opened Sohna Elevated Road to Boost Real Estate Markets of Gurugram
The 22-kilometre Sohna elevated expressway was made accessible to traffic. Travellers now have access to a segment of the elevated route connecting Subhash Chowk and Badshahpur. From Gurugram and Sohna, the development is believed to reduce road congestion and travel times. Through to an entrance at Alipur, the raised main road will also be linked […]
Air India in Talks to Lease 400,000 sq ft at Vatika Complex in Gurugram
Air India is in talks to lease about 400,000 sq ft of office space at Vatika’s office complex in Gurugram, three people aware of the deal said. The erstwhile national airline now owned by the Tata Group has already signed a letter of intent (LoI) for about 200,000 sq ft with the option of doubling […]