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Gurugram circle rates unchanged

Gurugram circle rates unchanged

Taking a U-turn on its proposal to double circle rates in Gurugram’s posh areas, the local administration has given in to objections and submissions of realtors and home buyers. Circle rates of majority of areas are unchanged, barring few villages on the outskirts in the bi-annual revision. Even in these villages, there is no substantial […]

Central Park to invest Rs 1000 cr on new project in Gurugram

Central Park to invest Rs 1000 cr on new project in Gurugram

Realty firm Central Park on Saturday said it will invest around Rs 1,000 crore to develop a luxury housing project in Gurugram, Haryana. The company will develop over 500 housing units in the 13-acre housing project ‘Bellavista‘, which is part of nearly 50-acre township ‘Central Park Resorts‘ in Gurugram. Central Park has already launched the […]

DLF sales bookings up 21% at Rs 2,156 cr in April-Dec 2019

DLF sales bookings up 21% at Rs 2,156 cr in April-Dec 2019

Realty major DLF’s net sales bookings rose 21 per cent to Rs 2,156 crore during April-December, 2019-20 on better demand for its completed inventory. Its sales bookings stood at Rs 1,788 crore in the year-ago period. According to its investor presentation, DLF’s sales bookings stood at Rs 731 crore in the third quarter of this […]

DLF leases 2 lakh sq ft to Facebook

DLF leases 2 lakh sq ft to Facebook

“The space has been taken at DLF Atria, on NH8. Average rental in the area is Rs 120 per sq ft per month,” said a senior executive aware of the matter. The company is also developing an 11-million-sq-ft project, DLF Downtown, in Gurgaon under DLF Cyber City Developers Ltd (DCCDL), which is a joint venture […]

RBI announces relief measures for real estate sector, developers hail move

RBI announces relief measures for real estate sector, developers hail move

The Reserve Bank of India’s (RBI) monetary policy meet on Thursday offered major policy measures to support the slowing real estate sector, drawing applause from sector players. To boost growth and lift sentiment, the RBI has eased the cash reserve ratio (CRR) requirement of commercial banks for sectors with multiplier-effect, including the residential housing segment. […]

Sales of ready  homes  key  for  builder (M3M Group ) to  tide over  cash  crunch

Sales of ready  homes  key  for  builder (M3M Group ) to  tide over  cash  crunch

Prices of residential apartments have remained stagnant for long, even declining in many cities. Prices of ready homes, typically higher than under-construction homes, have not risen either, though they come with fewer risks. Gurugram-based M3M Group, which builds premium projects and is currently developing a Trump Tower in National Capital Region (NCR), clocked ₹524 crore of […]

Budget 2020 Expectations: Real estate looks for industry status, increased tax benefits on home loans

Budget 2020 Expectations: Real estate looks for industry status, increased tax benefits on home loans

Budget 2020 Expectations for Real Estate: When FM Nirmala Sitharaman presents the Union Budget 2020 in the Parliament on February 1, real estate developers will look forward with bated breath to the sector being granted industry status in the country. Budget 2020 Expectations for Real Estate: When Finance Minister Nirmala Sitharaman presents the Union Budget […]

Gurugram: Widening of Shankar road to take two more months

Gurugram: Widening of Shankar road to take two more months

Almost a year and a half after it was proposed, the widening of Shankar road is still incomplete and is likely to take two more months to finish, said sources within GMDA. While the work for the widening of the road has been done, carpeting the carriageway on one of the sides is still pending, […]


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