In a meeting chaired by VS Kundu, CEO, Gurugram Metropolitan Development Authority(GMDA) at the PWD guest house on Friday, the authority asked developers to submit their undertaking for the payment of their contribution towards the upgrade of the Southern Peripheral Road (SPR) by February 29. The authority said that if the developers gave an early […]
US banking giant Goldman Sachs recently invested Rs 610 crore in Vatika Group, of which Rs 245 crore will be used to expedite construction in the first phase of this project. Google will pay a rental of about Rs 115 per sq ft per month for 25 years. Realty developer Vatika Group has leased 700,000 […]
Central Park, Gurugram-based realty major, has recently launched its uber-luxury, serviced apartments at Bellavista Towers, Central Park Resorts, Gurugram. Inspired by Japanese way of life, Central Park has started development of 359 apartments. Its now bringing a project which will be compared to a seven-star hotel, in terms of aesthetics, comfort, amenities offered. On the […]
Real estate firm Supertech is looking to sell its assets to raise fund for completing about 20,000 homes in New Delhi-NCR. Supertech chairman RK Arora told ET that the company has applied for the realty stress fund and as a backup plan, has identified several of its malls and hotels in tier II cities to […]
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 […]
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 […]
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 […]
“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 […]
These would be developed across Gurgaon, New Gurgaon and Panchkula. DLF plans to invest about Rs 1,700 crore to develop close to about 7 million sq ft of finished homes on its already developed plots in Gurgaon, New Gurgaon and Panchkula and start selling them within the next fiscal, top DLF officials told Moneycontrol. The […]
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. […]
