Gurgaon
Located between Old Gurgaon and Manesar, New Gurgaon has witnessed a large amount of supply of housing units. New Gurgaon comprises of the newly carved sectors of the Haryana Urban Development Authority (HUDA) and several well known developers have announced their projects in the area, triggering property rates to shoot up by 6 per cent. While [...] Continue Reading »
Gurgaon and Noida are witnessing an increased supply in the studio apartment segment due to strong economic growth. According to industry estimates, the two cities collectively will have around 9,000 studio units delivered over the next 2-3 years. Noida has seen a growing need for studio apartments while Gurgaon is catching up. Noida-Greater Noida realty [...] Continue Reading »
Dharuhera, a satellite town to Delhi, is the new residential destination in the belt. Located 30 km from Gurgaon, Dharuhera has about 70 per cent buyers as end users in FY2013. The buyers are targeting the town due to price advantage and improving infrastructure. A middle income family can get possession of a typical 2BHK, [...] Continue Reading »
Gurgaon developers are coming up with theme-based housing for niche clients. The real estate developers are lining up projects based on architectural designs of various culture - Egyptian, Arabic or Spanish, etc in the city. The target audience are those whose aspirations go beyond modern facilities like parks, swimming pools or health clubs. The theme-based [...] Continue Reading »
Brokerage firm Motilal Oswal says that DLF, India’s largest real estate firm, is one of the major beneficiaries of recent policy reform allowing 51 per cent foreign direct investment (FDI) in multi-brand retail. The recent announcement of 51 per cent FDI in multi-brand retail and relaxation of FDI norms in single brand retail is set [...] Continue Reading »
As the market witnesses improving liquidity, the borrowing costs for real estate companies are going down. The less borrowing cost would mean an improved balance sheet. Although the change may not be seen clearly as yet. In markets like Gurgaon, there has been a lack of launches and a construction ban because of the water [...] Continue Reading »
Realtors are expected to come up with a high number of project launches this festive season. Faced with uncertain demand, the past two years have seen limited project launches by real estate companies. However, it looks to change as this year, as developers have decided to launch slew of projects to generate momentum and cash [...] Continue Reading »
The residents of Sushant Lok-1 in Gurgaon took to the street to put pressure on the developer to set up an additional sub-station in the area. The residents have been fed up with frequent power cuts and voltage fluctuations and even after residents’ welfare association (RWA) writing several times to the developer to set up [...] Continue Reading »
Pataudi Road, located in the vicinity of three major highways –Gurgaon Expressway (NH-8),the upcoming Kundli-Manesar-Palwal (KMP) Expressway and the Dwarka Expressway, is on route to become a residential hub in NCR. A part of the 2021 Gurgaon-Manesar Master Plan, Pataudi Road offers affordable prices at present and the increase in demand is set to push [...] Continue Reading »
The Haryana Urban Development Authority (HUDA) has announced that it is planning to provide canal water to builders for construction purposes. While the details and the procedure is to be finalized soon, HUDA officials state that canal water supply is likely to increase by the end of this month. Till then, the builders will have [...] Continue Reading »
