Shapoorji Pallonji Group plans to expand its IT parks by 52%, adding 2 million sq ft to its existing 5 million sq ft portfolio across India.
Aditya Birla Group invests Rs 130 cr in a residential project on Dwarka Expressway by Tata Housing and Sidhartha Group, with expected IRR of 25-27% over four years.
Gurgaon administration mandates CCTV installation in residential societies, pubs, and bars. Cameras must be at entry/exit points with 30-day storage. Residents and police laud this security boost.
Property prices may drop 12-17% in Delhi-NCR, Mumbai, and high-end markets by next Diwali, as developers aim to reduce inventory and increase sales. New launches have decreased significantly.
The Dwarka-Gurgaon Expressway, also known as the Northern Peripheral Expressway, is set to become a hotbed for real estate investment with significant growth potential in the coming years.
Bhiwandi, Rajasthan, is emerging as a promising affordable housing hub due to its strategic location, industrial growth, and infrastructure development. It's becoming a sought-after area.
Gurgaon property owners are urging the state government to implement an amendment to industrial area property rules. They oppose HSIIDC's lease fee for freehold plots, citing a violation of the Transfer of Property Act.
Indian real estate deliveries face significant delays in 2013, impacting homebuyers. NCR lags behind, while Pune and Mumbai show better performance. Factors such as capital shortage, over-leveraging, and land availability contribute to the slowdown.
Property prices in NCR's micro markets have nearly doubled, with notable growth in areas like Gurgaon's Golf Course Extension and Dwarka Expressway.
L&T secures a Rs 1,337 crore contract from DLF for 'The Crest,' a new residential project in Gurgaon, featuring 765 units with 250 already sold.
Unitech Group has leased 8 lakh sq ft in its Gurgaon Tech-park SEZ to Accenture, potentially yielding ₹1,000 cr over 15 years, while exploring stake sale to Blackstone and GIC.
The Haryana Government's special panel has approved the municipal corporation in Gurgaon to resume property tax collection, following a suspension due to billing errors.
HUDA withdraws extra fee for alternative plots based on High Court verdict.
The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.
Arjun Kapoor will spend a week in Gurgaon to promote his film Aurangzeb, emphasizing the city’s real estate narrative and engaging with local residents.
Hines Realty from the US plans to enter India's residential market through joint ventures, focusing on mid-segment housing and possibly hotel projects in Delhi-NCR and Mumbai.
Gurgaon faces severe power and water shortages, impacting residents and raising concerns about civic standards. Waste management issues further compound the problems.
Cushman & Wakefield reported Rs.700 Cr in private equity investments in Delhi-NCR, with a notable decline in interest in Gurgaon despite overall growth in the market.
Project delays plague NCR's residential market, causing a 31% drop in new launches and leaving 140,000 unsold units, impacting homebuyers and developers.
HUDA removes construction deadlines for residential and commercial plots, allowing allottees to build based on financial stability. Extension fees apply after 12 years, with variations for plot sizes and commercial properties.
Essel Financial Services Ltd's private equity wing is set to launch a Rs.1000 Cr real estate fund focusing on residential projects across top cities in India.
Home sales, particularly new launches, experienced growth between January and March, spurred by developer discounts. Bangalore and Mumbai saw improved sales.
Rajasthan Royals renews contract with Supertech for IPL 2013, marking the third consecutive year of partnership. Both entities express mutual benefits from the association.
Home sales in NCR have surged by 46% in January, with clear property acquisition issues boosting buyer confidence. New launches dropped by 35% as developers focused on reducing unsold inventories.
Gurgaon's luxury housing market is shifting towards mid-segment luxury apartments, driven by rising property prices and a preference for premium amenities within a more affordable price range.