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. […]
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 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 […]
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, […]
Tulip Infratech said it has joined hands with a local landowner for the Gurugram offering.The project will come up at 8 acres of land and the company plans to construct 780 apartments. The real estate firm said that have150 apartments for people belonging to economically weaker section (EWS) will also be a part of the […]
The new commercial project will comprise 6 lakh sq feet of office and retail spaces and construction is expected to commence within the next couple of months.The project is situated between IFFCO Chowk Metro Station and Huda City Centre Metro Station. Around 3 acres of land in Sector 27 of Gurugram is owned by Asthetic […]
The National Consumer Dispute Redressal Commission (NCDRC) has directed Vatika to refund buyers’ money along with 9% interest per annum as compensation with effect from the date of each payment, till the date of refund. The buyers through their advocate Aditya Parolia of PSP Legal pleaded that they had booked a flat in Vatika Tranquil […]