GURGAON PROPERTY PRICES
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.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
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.
Luxury homes overtake the affordable segment. What gives?
Factors contributing to the luxury housing boom in India include rising incomes, the trend of premiumization, and pent-up demand post-pandemic. Additionally, the investment appeal of luxury real estate, shortage of luxury apartments in prime locations, and growing NRI investments further fuel this segment's growth.
In FY25, Godrej Properties hopes to build on strong operating momentum of last year: Pirojsha Godrej
Godrej Properties anticipates strong growth in FY25, leveraging active business development in key markets. The real estate company is also going to focus on timely customer cash collections and maintaining debt levels between 0.5 to 1 band for sustained growth. Godrej says: "we are kind of mid-cycle now so that we will have another good year of real estate demand ahead."
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Eldeco scales up platform with HDFC Capital to Rs 850 crore
Eldeco Infrastructure and Properties, part of the Eldeco group, has raised Rs 350 crore from HDFC Capital Advisors Limited for their joint platform to develop residential projects across India. The platform aims to generate Rs 8,000 crore from 17 projects. The company has planned projects in Delhi, Gurugram, Ludhiana, Sonipat, and Goa, with Rs 500 crore deployed in residential projects in Panipat, Sonipat, Ludhiana, Rudrapur, Rishikesh, Kasauli, Greater Noida (West) & Gurugram.
Nvidia, McKinsey prop up NCR office demand amid Q4 woes
US technology firm Nvidia Corporation secured 73,000 square feet space at The Headquarters 27 in Gurgaon, developed by Bharti Realty, while leading consulting firm McKinsey & Company leased about 70,000 sq ft space at DLF downtown in Gurgaon.
Gaurav Pandey on Godrej Properties' performance and future prospects
So, this is like a 3,000 crore kind of a launch we saw and at a fantastic price, at the fantastic quality of sale as well. So, yes, overall, 22,500 crores of overall sales backed by some amazing finishing successes that our teams could hit in quarter four.
India's luxury residential sales records 1.5 times on-year growth, tops Rs 4,319 cr in 2023
The luxury property market in India experienced significant growth in 2023, with sales value of homes priced at Rs 50 crore and above reaching Rs 4,319 crore, a notable increase from the previous year. Mumbai led in transactions, reflecting a trend towards opulent living spaces. Analysts predict continued growth in luxury residential transactions.
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.
Housing prices hike 61% in this Delhi-NCR area, 42% in Hyderabad in a year; how much return can you get from property?
All eight cities — Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune saw an increase in housing prices in Q4. "The current state of real estate is the most productive when sales, supply, and prices are growing, and the price rise is not speculative. These factors work in harmony in a balanced and healthy real estate market.”, said Pankaj Kapoor, Managing Director, Liases Foras. Check how much housing prices have increased in your city in last one year.
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).
Moneytree realty targets Rs 500 crore sale in the first year of operation
Moneytree Realty, a real estate brokerage firm, aims for Rs 500 crore in sales during its first year of operation, focusing on residential transactions. The company has partnered with prominent developers in Delhi-NCR and Mumbai, leveraging the thriving residential segment. Initially targeting Delhi and Mumbai, Moneytree Realty aims to capitalize on increased demand in areas like Noida and Gurgaon, where transparency brought by RERA has boosted buyer confidence.
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.
MakeMyTrip’s CEO, Genpact’s CHRO buys apartment in Gurgaon for around Rs 33 crore each
All three Golf Links projects — the Aralias, the Magnolias, and the Camellias — have witnessed significant price increases since last year as same sized apartment was sold at Rs 19 crore in October 2022. According to documents accessed through CRE Matrix, both the apartments are around 6,500 sq ft in size and Rajesh Magow has bought it for Rs 33 crore and Piyush Mehta has bought it for Rs 32.6 crore.
DLF targets Rs 1,400 crore revenue from two project in Gurgaon and Panchkula
Realty developer DLF aims to generate Rs 1,400 crore in sales from its commercial project "Central 67" in Gurgaon and a residential project, "The Valley Orchard," in Panchkula near Chandigarh. The Central 67 project, spread across 8.69 acres, comprises Shop Cum Office (SCO) units and is already sold out, with expected revenue of Rs 700 crore.
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.
With India's new rules, home buyers will get much-needed relief and assurance
Amid rising real estate prices, concerns loom for home buyers fearing builder bankruptcy and legal woes, reminiscent of cases like Jaypee, Amrapali, and others. The insolvency of a single real estate group in Noida, Jaypee, has left nearly 20,000 home buyers awaiting the delivery of their homes. However, the Insolvency and Bankruptcy Board of India plans vital amendments to aid stuck home buyers and reassure new ones.
Don’t worry why L&T is available at attractive valuations; it is a good entry point: Dipan Mehta
"The case with L&T and some of the other largecap companies is that relentless FII selling is keeping their stock prices pinned down. So what if it is 24-25 times, 26, 25 earnings, it is a great buying opportunity and that will support further appreciation in the stock price. So rather than analysing why it is available at attractive valuations, I would say that it is a good entry point. Again, a disclosure, we and our clients are invested in it."
A house for Mr Moneybags: Gurgaon flat sold for Rs 100 crore
In the National Capital Region (NCR) that includes Delhi and its suburbs such as Noida and Gurgaon, property experts are now drawing comparisons between the Camellias and Delhi's esteemed Lutyens zone, the latter being the home of the country's top business magnates and political elite.
Tony properties sell like hotcakes: What's driving the uber luxury real estate?
A luxury apartment in Mumbai has been sold for Rs 130.24 crore, reflecting the recent surge in the city's high-end residential market. The buyer, Asha Mukul Agarwal, also purchased two apartments for over Rs 132.75 crore. Mumbai has been witnessing record-setting transactions in its real estate market, with celebrities and high-net-worth individuals making significant purchases. Sales of luxury homes in Mumbai costing Rs 10 crore and above rose nearly 50% in the first half of 2023. The market is expected to continue to thrive due to the growing wealth in India and the city's rising number of millionaires.
DLF’s Panipat project sold out within hour of launch
DLF is set to launch projects worth Rs 20,000 crore this fiscal year, with the combined value of two upcoming projects in Gurgaon estimated to be Rs 15,000 crore.
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.
Gurugram witnessed highest increase in residential property prices among top 10 cities : Report
“Housing prices have been climbing in major Indian cities in the post-COVID years. While this upward trend in capital values is attracting investors to India's key real estate markets, the increase in new supply is helping to moderate price increases," said Vikas Wadhawan, Group CFO, REA India.
Krisumi Corporation to invest Rs 300 crore in phase-2 of Gurgaon project
The units are priced in the range of Rs 1.47 crore to Rs 1.92 crore. The per square feet rate is approximately Rs 16,000 per sq. ft.
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