GURGAON LAND PRICE
Whiteland Corp to invest Rs 5,600cr on housing project in Gurugram; partners Marriott for management
Realty firm Whiteland Corporation is set to invest Rs 5,600 crore in a luxury housing project in Gurugram in partnership with Marriott International to bring 'Westin Residences'. The project will feature 1,600-1,800 branded homes with a starting price of Rs 5 crore per unit. The investment will be primarily funded through internal accruals, with the company developing a total of 60 lakh square feet across two phases.
Haryana government’s policy on fourth floor to keep the realty price in check
The Haryana government's decision to allow construction of stilt plus four floors in residential sectors is set to boost housing demand in Gurgaon and curb soaring prices, experts say. The move, following a ban on fourth-floor construction last year, will provide opportunities for homebuyers and developers, leading to increased supply in high-demand areas like Gurgaon, benefiting both the real estate market and aspiring homeowners.
Ganga realty to invest Rs 1,200 crore in developing luxury housing project in Gurgaon
Gurgaon-based real estate developer Ganga Realty plans to invest Rs 1,200 crore in a luxury residential project in Gurgaon's Sector 85. The project, expected to generate Rs 2,000 crore in revenue, will include the tallest residential towers in Gurugram, with G+59 storey buildings. It is set to be completed in the next five years.
Buyers want bigger, better homes and are willing to pay for them: Aakash Ohri, Joint managing director, DLF Home Developers
DLF plans to launch 90% of its 11.6 million sq ft projects in FY25 in the super luxury segment, with a revenue potential of Rs 36,000 crore. Concerns arise over projects selling out rapidly, but DLF assures low cancellation rates and high end-user demand. DLF emphasizes timely delivery and a cautious business approach amidst cyclical market trends.
Dwarka Expressway set to bring more money into Gurgaon realty market
The Dwarka Expressway, inaugurated by Prime Minister Narendra Modi, is expected to boost real estate prices in Gurgaon, with developers such as Sobha, Raheja, Signature Global, M3M, Godrej, and Hero Realty launching projects along the corridor. The completion of the expressway has led to a downturn in unsold inventory levels, with property and land prices expected to appreciate in the coming years.
Dwarka Expressway to further boost real estate prices in the region
The inauguration of the Dwarka Expressway by Prime Minister Narendra Modi is expected to boost realty prices in the region, particularly in Gurgaon. Developers, including Sobha, Raheja, Signature Global, M3M, Godrej, and Hero Realty, have projects along the corridor. The completion of the expressway is anticipated to reduce unsold inventory levels and drive demand in the region.
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India's top developers buy up land to join Gurugram realty rush
As prices have peaked on prime Golf Course Road and MG Road, developers have shifted their focus to Golf Course Road Extension, Gwal Pahadi, Dwarka Expressway and the Southern Peripheral Road (SPR).
DLF enters into an agreement to acquire 29-acre land in Gurgaon for Rs 825 crore
The Gurgaon-based real estate player recently sold 1,143 luxury houses priced at approximately Rs 6 crore, equating to 15 houses sold every hour, showcasing sustained strong demand in the residential real estate sector.
After raising Rs 7,200 crore in new project in 72 hours, what is DLF doing next? Ashok Tyagi answers
Ashok Tyagi says: “It is safe to assume that FY24 will end at a number higher than Rs 13,000 crore we had guided for. By how much, that is something that we are still working on. We are also seeing if some of the launches that we had originally scheduled in the next fiscal can be advanced to Q4 may or may not happen given the approval cycles.”
Residential real estate set to scale new peak in 2024 : Experts
In the last couple of years, the residential market has come out of a long period stagnancy in prices. Attracted by the prospect of capital gains, the residential market is currently witnessing huge participation from investors, according to international property consultant Cushman & Wakefield.
Gurgaon property prices may jump sharply as Haryana govt proposes up to 90% hike in circle rate
The proposal includes a nearly 70% increase in circle rates for prime areas like Golf Course Road and MG Road. Prospective buyers are concerned about the steep price rise, as it may make it difficult for common people to afford a home. The government has invited objections and suggestions until December 17.
FIR filed against Emaar Properties on MGF's complaint after court order in Gurugram: Police
Following an order by Chief Judicial Magistrate Ramesh Chander on November 18, the FIR was registered on November 20 against EMAAR Properties PJSC and its Indian subsidiary, Emaar India Ltd, its director Bharat Bhushan Garg and others, the police said.
Oberoi Realty acquires 14.8 acre in Gurugram for Rs 597 crore
The consideration for the transaction will be paid in the form of event and time-linked milestones. The consideration also involves up to a certain area in the project for the existing homeowners and others, as per the terms of the agreement.
Anant Raj to invest Rs 1,000 crore across four projects
“We have around 180-acre land in sector 63A Gurgaon and we have been developing that in phases. Our next big launch will be in that sector where we will develop one million sq ft of premium residential space, targeting a revenue of Rs 1,800 crore,” said Sarin.
How fraudsters sold NRI's Rs 40-crore prime plot in Gurgaon for just Rs 6 crore
The fraudsters created counterfeit property documents, including a general power of attorney, and manipulated land records with the help of an insider at the revenue office. The land was sold at a significantly lower price, prompting further investigation. The police are looking into the possibility of similar frauds occurring elsewhere.
Allcargo group company acquires two land parcels in Gurgaon for Rs 231 crore
The first property piece, measuring 56.52 acres, was purchased for Rs 134 crore by Allcargo Inland Park pvt Ltd, and the second, measuring 41.06 acres, was purchased by Jhajjar Warehousing pvt Ltd for Rs 97.5 crore, as per documents accessed by analytic firm CRE Matrix.
Gurgaon to drive DLF revenues this fiscal: MD Ashok Kumar Tyagi
“Launches this year will be predominantly driven by two launches in Gurgaon—one on the Southern Peripheral Road and other on Golf Course Road. Other launches will be one tower in Midtown, central Delhi, and one each in Tricity and Mumbai. Launches in Chennai and Goa might spill to next year,” Tyagi said.
Delhi-NCR to see record housing launches in festive season
DLF, Godrej, L&T, TARC, Signature Global, and County group are among the developers that have planned launches in the second half of the year. According to Cushman & Wakefield, residential launches during the first half were already more than double of the previous year.
Hike in rates to push affordable housing in Gurgaon, nearby cities
Due to the substantial increase in the cost of raw material, developers have been demanding that the state government amend the rate as projects were becoming unviable.
Real estate buoyancy pushes land demand, Rs 26,000-cr deals clocked in 17 months
The deals have gathered momentum again with many deals including outright acquisitions and joint ventures in key property markets of Mumbai, Bangalore, Delhi-NCR, Pune, Chennai, and Hyderabad either being closed or expected to be completed soon.
Godrej Properties acquires 28-acre land parcel near Bengaluru’s Whitefield
The land acquisition is in line with the company’s plan of strengthening its presence across key property markets of the country. The land parcel, according to the company, is located near Outer Ring Road and Whitefield neighbourhood known for technology parks and upmarket apartments, shopping and entertainment hub.
Gurgaon township built on credit without any litigation: KP Singh, DLF
They had trust and confidence in DLF brand and in me. It took me 10, 15 years to work with every village, every farmer.
M3M acquires prime Gurgaon land for Rs 200 crore, to develop commercial project
It is one of the costliest land acquisitions in terms of price per acre, with the cost of the land similar to that in Lutyens’ Delhi. The company will develop about 300,000 square feet of retail and office space with an additional investment of Rs 250 crore, Bansal told ET.
Illegal farmhouses crop up as DDA's Green Development Area policy is delayed
According to industry bodies, several representations have been made to the Delhi Development Authority (DDA) and ministry of housing & urban affairs (MoHUA), triggered by the demand for farmhouses during the Covid-19 pandemic. The availability of few legal properties made transactions difficult to close.
Capital values of high-end and luxury apartment soar in Mumbai and Delhi-NCR: Savills
Capital values of completed and under-construction projects in Gurgaon increased by 10% Y-o-Y in H1 2022, while in Delhi demand for luxury floors picked up, which, coupled with limited new ready supply, pushed up prices by 7% Y-o-Y in H1 2022.
Pardos Real Estate acquires 7-acre land in Gurgaon for Rs 180 crore
The company is expected to construct an office tower on the acquired land, the people cited earlier said, adding that CBRE India has facilitated the deal.
ATS Homekraft to enter the Mumbai, Delhi and Gurgaon markets, to invest Rs 4,000 crore
The company plans to invest about Rs 4,000 crore in these projects, which will start in 2022-23 with a total development potential of 6 million sq ft, Mohit Arora told ET.
Pardos Logistics acquires 41-acre land near Gurgaon to develop warehousing facility
Anarock has facilitated the deal. Pardos Logistics is a subsidiary of Pardos Real Estate, a development platform incubated by the DMI Group’s Alternative Investment Fund. The prevailing land prices around the Ballabhgarh-Sohna Highway region range from Rs 1.4 to 1.5 crore per acre.
Signature Global to invest Rs 310 crore in developing a affordable housing complex in Gurgaon
The project is located at Pataudi Road and well connected with Gurgaon-Pataudi-Rewari Highway which is part of NH-352 which offers good infrastructure and connectivity, along with the proposed metro corridor.
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