Gurgaon
Implementing the Punjab and Haryana High Court order banning the use of groundwater for construction, the Haryana Urban Development Authority (Huda) is all set to take strict action against builders violating the ban. Huda has sent an ultimatum to those builders whose construction work is underway to submit their water source details. Moreover, in an [...] Continue Reading »
Ravi Saund, COO, CHD Developers Ltd, ha stated that Sohna Road, in Gurgaon, is to become a real estate destination in the Gurgaon area. He states that Sohna Road enjoys an advantage of excellent connectivity with NH8 and has been witnessing a healthy demand, which in near future, will propel it to emerge as a [...] Continue Reading »
Chintels India Ltd., a real estate development company, has announced the launch of over five million square feet of residential and commercial development projects recently. The projects are valued at around Rs 3500 crore in current market rates. Chintels has an extensive presence in Delhi and NCR. The launched projects spread across Sectors 106, 108 [...] Continue Reading »
Seven new residential sectors, three small commercial belts and two industrial sectors would come up at Gurgaon. The state-level committee of Town and Country Planning Department, Haryana, approved the plan for these sectors suggested as per Draft Development Plan for Gurgaon-Manesar Urban Complex-2031. Public, semi-public and open space zones have also been earmarked. An area [...] Continue Reading »
Gurgaon has emerged as the top commercial destination in national capital region(NCR). In spite of rise of other NCR areas like Greater Noida, Kundli, Manesar, and Dwarka Expressway, Gurgaon still shelters maximum number of IT/ITeS companies. Analysts say that commercial capital values have almost been doubled in past couple of years while the leasing values [...] Continue Reading »
In the past two decades real estate has witnessed rapid growth in Gurgaon. Its boundary expanded by a radius of nearly 8-10km. The past five years saw three master plans, announced successively – master plan of 2021 in 2007, of 2025 in 2011 and of 2031 in August 2012. However these plans have failed to [...] Continue Reading »
Real estate proves to be one of the best avenue for investment for the large base of NRI population. Delhi NCR has become one the most preferred locations among them. Experts state that real estate offers a safe option to enhance one’s investment portfolio due to high rate of appreciation and periodical returns. NRIs usually [...] Continue Reading »
Analysts state that fast growing number of high net worth individuals (HNI) in India have pushed up the demand for luxury apartments. Approximately 40 per cent of the real estate sector caters to their investment portfolio. Rs 1 – 15 crore are witnessing higher demand in the cities such as Gurgaon, Bangalore and Pune. The [...] Continue Reading »
DLF is set to build India’s largest mega mall, which would be a 4-million square feet promenade in Gurgaon. DLF is to invest Rs 2,000 crore on the project. The mall would be bigger than the 1.5-million sq ft Great India Place mall in Noida and would be comparable with the world’s largest 7-million sq [...] Continue Reading »
Brokerage firm Kim Eng Securities in their recent report have stated that despite a slowdown in the real estate market, property prices continue to rise. Residential property prices have risen 33 per cent in Greater Noida, 30 per cent each in Noida, Gurgaon and Mumbai and 35 per cent in Chennai over a period of [...] Continue Reading »
