Wealthy buyers of Commonwealth Games apartments in Delhi struggle to gain occupancy, facing rising loan interest and deteriorating conditions at the vacant properties.
DDA directs demolition of 17 illegal flats in Games Village; Completion certificate in progress for Emaar MGF project.
Delhi's Commonwealth Games Village, a partnership between Emaar MGF and DDA, features 34 towers with 1168 flats, eco-friendly features, and state-of-the-art amenities. Post-games plans are uncertain amidst environmental concerns regarding its impact on the Yamuna River.
Emaar MGF Land launched Palm Hills, a mid-income housing project in Gurgaon's Sector 77. The project offers around 1250 units of 3BHK and 4BHK apartments, priced from Rs 48 lacs.
Premium hotel room rates drop 25% due to occupancy decline. Hotels target steady segments like cabin crews and long-stay programs to combat the slowdown.