GURGAON REALTY MARKET
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.
Signature Global buys 14.65 acre land on Dwarka Expressway in Gurgaon
" Dwarka Expressway has swiftly become a premier destination for homebuyers seeking luxury residences. In recent years, numerous high-end residential projects have been launched in this area, with many more expected in the near future,” said Pradeep Kumar Aggarwal, Chairman and Whole-Time Director.
Signature Global to launch projects worth Rs 16,000 crore in FY25: Chairman Pradeep Kumar Aggarwal
Realty developer Signature Global aims for Rs 10,000 crore pre-sales in FY25 and to be debt-free by 2026. The company reported 112% growth in pre-sales to Rs 7,720 crore for FY24, exceeding guidance. With launches worth Rs 16,000 crore planned for the fiscal, they are actively seeking acquisitions and expanding their portfolio.
M3M to lease 1.5 million sq ft of commercial space in 2024-25
Company’s one-million square feet, International Financial Centre (IFC) at Golfcourse Extension Road is already 100% occupied while 700,000 square feet office space project, Urbana Business Park (UBP), is also has 75% occupancy.
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.
ASK Property Fund exits from three projects with IRR of 20%
The company had invested Rs 200 crore across three projects - two in Gurugram and one in Bengaluru and has exited with Rs 354 crore.
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Noida's Trident Realty raises Rs 1.2k cr through sale of assets
Noida-based Trident Realty has raised ₹1,200 crore through sale of assets, including Shipra Mall in Ghaziabad and a land parcel in Gurugram, as part of plans to focus on its residential business and exit non-core assets, said people close to the development.
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.
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).
Transindia Real Estate to sell logistics park in Gurgaon for Rs 636.71 crore, divest 10% stake in other parks
The deal consummation will help Transindia Real Estate Limited (TREL) realize substantial value from this divestment and continue to have zero debt, the company said in a statement.
Realty developers acquired total 1,947-acre land valued at Rs 32,203 cr in 2023
The residential real estate market is booming, leading to increased land deals. Realty developers are actively acquiring land to capture sales momentum and build a robust supply pipeline. Land transactions in tier 1 cities, particularly in Mumbai Metropolitan Region (MMR), have significantly increased. Delhi NCR, Bengaluru, and Chennai are also witnessing land acquisitions.
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.
Real estate arm of JK group to develop senior living project in Gurgaon
Promoted by Abhishek Singhania, the company plans to execute two-three senior living projects in the National Capital Region and is also exploring other markets such as Hyderabad, Bangalore and Kolkata.
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.
Comparing investment potential in Indian vs US real estate markets
The US real estate market is known for its stability, diverse geography, and transparent regulatory framework. On the other hand, the Indian real estate sector has significant growth potential but is characterized by regulatory complexities and occasional economic volatility. India, on the other hand, with its burgeoning middle class and urbanisation, presents significant growth potential in its real estate sector.
Why are the super rich snapping up luxury apartments?
It's not just Delhi-NCR. Luxury properties in all big cities are on fire. Mumbai, the country’s largest and most expensive real estate market, has been setting new benchmarks with property transactions. Several large-ticket record-setting transactions involving industrialists, CXOs, actors, and sports personalities have been taking place.
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.
Realty developers Smartworld plans Rs 3,000 cr investment in luxury residential project in Gurugram
Smartworld Developers is set to invest Rs 3,000 crore in a luxury residential project spanning 3 million sq ft on Gurgaon’s Golf Course Road extension. The project, situated across 10 acres in Sector 66, Gurugram, will consist of 3.5 and 4.5 BHK luxury residences, targeting a revenue of Rs 6,000 crore with over 900 apartments.
Can Oberoi succeed in the NCR market? How to treat the southern gems? Dipan Mehta answers
“Southern India is a great source of value creating companies. These are nice low profile companies. They just get on with their business and deliver exceptional returns. CG Power has been a fantastic multibagger stock and what a fantastic turnaround story it has been and kudos to Tube Investment for identifying this opportunity and buying into it and turning it around so quickly and creating so much value for the shareholders.”
Eldeco enters holiday home market with a project in Himachal Pradesh
The company had set up a Rs 475-crore platform with HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3) to develop multiple residential projects, and the acquisition is part of the platform.
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.
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."
Hero Realty forms JV with Saheb Enterprise for a residential project in Gurgaon
Hero Realty Pvt Ltd has formed a new joint venture with Saheb Enterprise to develop a premium residential complex in Gurgaon. This is the second collaboration between the two companies, with the new project set to increase their land holdings to 11 acres. Hero Realty plans to launch real estate projects covering 4 million square feet this year, with an estimated revenue potential of Rs 3,500 crore.
Conscient Infrastructure acquires 6.6 acre land in Gurgaon
The capital markets team of Cushman & Wakefield facilitated the transaction for Conscient Infrastructure, which has a portfolio spanning across residential, commercial, retail and value housing. The land has strategic value as the area has a direct connectivity from present NH8 and upcoming connectivity from the Extension Road connection.
Union Cabinet approval for metro connectivity in Gurgaon to help real estate projects on Dwarka Expressway
The central government has given approval for 28.50 km line having 27 stations on the route. The total completion cost of the project will be Rs 5,452 crore.
Luxury rentals in South Delhi, Gurgaon witness significant increase
"The surge in demand for luxury properties has also had a direct impact on property rentals. As property prices rise, rental rates tend to follow suit,” said Ashwin Chadha, CEO, India Sotheby's International Realty. “This means that the rental market for luxury properties has experienced an upward trend, with landlords commanding higher rentals due to the increased demand and limited availability of such upscale accommodations.”
Ganga realty acquires 8.35 acre land in Gurgaon for luxury housing project
“We will develop 1.5 million sq ft on this project of which 10.5 lakh sq ft will be residential while 4.5 lakh sq ft will be retail. We continue to look for land to expand our portfolio in luxury and affordable housing segment,” said Vikas Garg, Joint Managing Director, Ganga Realty.
Home rentals surge up to 40% on low supply in some markets
Micromarkets in Noida and Gurgaon have experienced a sharp surge in rental rates, with landlords looking to recoup losses after offering discounts for over two years by capitalising on the gap in demand and supply, said property dealers.
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