US-based real estate firm, Hines, on Thursday, announced a residential project ‘Elevate’ in Gurugram in a joint venture with Indian firm Conscient Infrastructure Pvt Ltd. The project, estimated value of Rs.2,000 crore, is expected to be completed by 2023. Priced at Rs2.2-4.0 crore ticket size, the project will have 556 for-sale apartments, with equivalent saleable […]
Global investment and development company Hines, along with Conscient Infrastructure Pvt. Ltd, will invest around Rs 1,600 crore for a premium residential project in Golf Course Extension Road, Gurugram, said two top executives of the company. Hines and Conscient have already invested ₹500 crore of equity, through a special purpose vehicle for the project. The […]
Business conglomerate Shapoorji Pallonji Wednesday announced the second phase of its housing project in Gurugram with an investment of Rs 400 crore. In January this year, the company had launched the first phase of the 18-acre project ‘Joyville Gurugram‘ on Dwarka Expressway. The project is being developed by a USD 200 million (about Rs 1,400 […]
Chief minister Manohar Lal Khattar on Monday approved the detailed project report (DPR) for Gurugram metro. Although the DPR mentions June 2025 as the deadline for commissioning of the metro link, Khattar asked for expediting it to 2024. He was discussing the DPR with several state government agencies in Chandigarh on Monday at a GMDA […]
Bollywood actor Ajay Devgn’s NY Cinemas Wednesday tied up with realty firm Elan group for setting up a 5-screen multiplex in a Gurugram shopping mall which is being developed at a cost of Rs 450 crore. This is the first ever tie-up of NY Cinemas in north India. Currently, NY Cinemas has 15 operational screens […]
The serviced apartment’s concept in India has been around in one form or the other for about 10-12 years. Today, the concept of serviced apartments works very well in the metros and larger Tier II cities where starred hotels are notoriously overpriced. Service apartments are the emerging trend in the corporate hospitality sector. Often, the […]
In all this, commercial segment has emerged as the place where investors are now more inclined. The segment — industrial, retail and frontier segments such as co-living — is expected to see a lot more scope as the business environment is improving in the country. In the early 2000s and till 2010, the residential property […]
Commercial segment saw a total PE inflow of nearly USD 2.8 bn in 2018, up from USD 2.20 bn in 2017 If the prolonged slowdown in the residential was not bad enough to begin with, major policy overhauls over the last five years – Demo, RERA, GST, amendments in the Benami Transactions Act etc. – […]
Sohna Road is a well-established and self-sustainable micromarket in Gurugram, with a mix of commercial, residential, and retail development options Sohna Road has something on offer for everyone — be it an office occupier, medium to large-scale investor, an institutional or independent developer, or an end user, resident. Connectivity to the national highway and other […]
Singapore-based investors are betting big on India’s commercial realty and other sunshine sectors, including logistics and warehousing, real estate consulting firm ANAROCK said in a report. Top Singapore-based private equity (PE) firms such as GIC, Ascendas-singbridge and Xander are funnelling billions of dollars into India’s realty sector, particularly in South Indian cities, according to the […]