Gurgaon
In order to provide much needed respite to passengers, the railway authorities have asked the Municipal Corporation of Gurgaon (MCG) to widen the road to the city railway station. The railways are planning to construct new entry and exit gates in the station. Currently, there is lack of parking facilities for vehicles around the station. [...] Continue Reading »
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »
Gurgaon’s underground water table has reached a significant low of 51 metres and the state has failed to check on this. The water crisis which Gurgaon faced this summer is only going to get worse. The estimated demand is 200 million gallons per day (MGD), whereas Haryana Urban Development Authority (HUDA) is able to supply [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
The residents of Gurgaon have been repeatedly complaining about the bad road conditions in the city and are apprehensive of the fact that with the coming of monsoons the condition would only get worse. They have alleged that the departments concerned, i.e., the civic bodies, Municipal Corporation of Gurgaon (MCG) and Haryana Urban Development Authority [...] Continue Reading »
The Punjab and Haryana high court has barred the state government and other agencies from issuing fresh licenses for any construction activity in Gurgaon unless builders gave an undertaking to not draw underground water. Raising concerns about the depleting groundwater level in Gurgaon, the bench asked the state officials to give details of how many [...] Continue Reading »
The tussle between public and private authority has pushed back development in Gurgaon. Almost the entire area of ward 34 comes under private developer DLF in New Gurgaon. Due to this, the authority of the Municipal Corporation of Gurgaon (MCG) in the area remains constrained. The councilor of the area has also been in a [...] Continue Reading »
Though hotel business may have been witnessing a slow growth in the recent years, the InterContinental Hotels group is buoyant about the long-term demand in the country and is planning to develop 47 hotels within next five years. Chris Moloney, chief operating officer, South West Asia, IHG told at the moment the hotel chain is [...] Continue Reading »
In the wake of over 50,000 objections raised by the residents regarding house tax, the Municipal Corporation of Gurgaon has decided to deal with the issue finally. The corporation is to hold meetings in a daily basis in which, they will be inviting those who have filed objections and take necessary steps to resolve the [...] Continue Reading »
Gurgaon will procure a new ‘signal-free’ road by 2014, developed by IL&FS Engineering and Construction Company. The firm has announced that it has won Rs 394.3 crore contract from India’s largest real estate developer DLF for construction of a road in Haryana. The 8.3 km road, starting from NH-8 to sector 55/56 at Gurgaon, will [...] Continue Reading »
