Gurgaon
A five-bedroom flat in the Commonwealth Games Village was sold at Rs. 7.3 crore to the Delhi State Cooperative Bank. The Delhi Development Authority opened bids for the 110 flats in the CWG village. Public sector units and banks made the winning bids for as many as 87 apartments. The State Bank of India led [...] Continue Reading »
After the UP government cancelled the Greenfield airport project at Jewar in Greater Noida, the property prices around Noida and Greater Noida slumped by 25 to 30 per cent. The Yamuna Expressway‘s returns were linked to a large part on the development of the airport at Jewar and the consequent traffic generated on this highway. [...] Continue Reading »
Real Estate firm Supertech Limited has planned to raise Rs 3000 Crore from PE investors. The real estate builder has also planned to construct a 10 acres housing project in Gurgaon. The project will construct 600 apartments. And some portion of the raised amount will be invested in the project. The remaining amount will be [...] Continue Reading »
Emaar-MGF is looking at fast completion of its existing projects in India in the current financial year rather than launching new projects. The main focus of the company is on business consolidation as several of its projects are running behind the schedule and the developer is reeling from a heavy debt burden. Though some new [...] Continue Reading »
The shifting proposal of the Jewar international airport has left a negative impact among Greater Noida domestic and multinational companies and the real estate business. Companies that were planning to expand business in Greater Noida are now thinking about their decision. According to the Association of Greater Noida Industries, this decision is an anti-industry decision. [...] Continue Reading »
The residents of Gurgaon are facing water crisis. To avoid people from wasting potable water, the authorities have decided to act tough. Last month the Haryana Urban Development Authority (HUDA) has fined 12,000 people for wasting potable water. The defaulters were penalized for using potable water to wash cars, terraces and maintain green belt areas. [...] Continue Reading »
Assotech real estate has launched a premium housing project in Gurgaon sector 99. Real estate Private Equity firm SUN-Apollo will invest Rs 500 crore in the project. Assotech Blith will be constructed over 12 acres. The project will have 586 apartments on the upcoming 150 NPR (Dwarka expressway) in Gurgaon and is one of the [...] Continue Reading »
Supertech Limited has planned to enter the real estate market in Gurgaon. They are launching new residential project Araville at Sector 79, Gurgaon. This will be the first residential project by the builder in the State of Haryana. Supertech Limited has previously constructed many projects in Noida, Meerut, Moradabad, Haridwar and Rudrapur. The project is [...] Continue Reading »
Infrastructure has a greater impact on real estate industry in India. After that announcement of cancellation of Jewar Airport Project, the real estate market in Greater Noida and around Yamuna expressway has witnessed a downward trend. The construction of the airport is cancelled on the base of a clause in the agreement between Centre and [...] Continue Reading »
Real estate focused private equity fund ASK Property Investment Advisors had invested Rs 50 crore in the residential? development ?project in Noida. The project is expected to be completed in few months. 12 residential tower have been constructed in the project over 14.5 acres of land in Noida. As the project ended with a great [...] Continue Reading »
