Gurgaon
Allegations of anti-competitive practices against realty firm Ambience and the Haryana government on the development of a residential project in the city have been rejected by fair trade watchdog. The Competition Commission of India disposed of all three complaints against Ambience and the government filed by Moran Plantation, Mili Marketing and Parasramka Holdings, in an [...] Continue Reading »
Luxury housing is strongly emerging as a market in the country. The demand, however, varies according to the cities. In fact, the definition of luxury changes according to the location. A two bedroom flat, for example, is considered luxury housing in certain locations in Mumbai, Pune, Bangalore or Gurgaon. More precisely, luxury homes would be [...] Continue Reading »
The Competition Commission of India (CCI) will hear a complaint of ‘abuse of dominant position’ against real estate major DLF in next 10 days. This is actually regarding an upcoming project in Gurgaon. According to competition law experts, the court will examine all the aspects of the complaint along with the proof, if any, before [...] Continue Reading »
It has been learnt that the real estate development business of the Mahindra Group, Mahindra Lifespace Developers, has bought a 12-acre land parcel for Rs 472 crore in Gurgaon from the private equity fund Ireo. Responding to a query, Mumbai based Mahindra Lifespace Developers said, “The project is to be developed by the joint venture [...] Continue Reading »
Travel to and from the Hero Honda Chowk in a Gurgaon is a nightmare and anyone who regularly uses the route would attest to it. The design of the intersection is inherently flawed and drainage problems cause heavy waterlogging during rains. The interface of Old Gurgaon Road and the expressway has, over the years, been [...] Continue Reading »
The Punjab and Haryana High Court recently stayed the acquisition of more than 200 acres for development of Sector 63-A in Gurgaon. Pawan Bhatia, the owner of 13 acres of the land filed a petition hearing which the orders were released by the Honorable Court. Mr. Bhatia told the court that a notification under Section [...] Continue Reading »
The removal of the toll plaza seems to have given Gurgaon just more than the smoother traffic. If real estate experts, dealers and builders are to be believed, there is already increased activity in the real estate market and prices in Gurgaon could see an increase of about 10 to 20%. Sanjay Khetarpal of Arambh properties [...] Continue Reading »
In a massive housing programme launched for the economically weaker section (EWS), BPL and other categories, the Haryana Housing Board has launched construction of 50,000 affordable houses for over the next two years. Construction of about 30,000 houses has already started. The total cost of the project is being estimated to be over Rs 2,250 [...] Continue Reading »
One of India’s leading real estate developers, M3M India Limited, announced the launch of ‘M3M Cosmo+’. It is an innovative healthcare facility and will attract top medical specialists/ practitioners from around the globe by providing world class clinical examination rooms. It is designed to be one-stop destination for healthcare, where doctors, pathological laboratories and pharmacies [...] Continue Reading »
Realty firm Silverglades announced that it will invest Rs 350 crore to develop a housing project at Gurgaon and said that it would tie-up with Age Ventures, the non profit organisation for management of flats for senior citizens. The company plans to develop 950 apartments in this 17.5 acre project, of which 156 flats would [...] Continue Reading »
