Realty major DLF is most likely to start construction of its new 25 lac square feet shopping mall in Gurgaon this quarter at a cost of around rs 1,700 crore to expand business amid a surge in demand for quality real estate space from retailers. DLF has a retail footprint of around 42 lakh square […]
Acc to CREDAI, real estate developers anticipate property prices to increase by 30 percent this year due to increased building material rates. The Confederation of Real Estate Developers Associations of India (CREDAI) has recently conducted the ‘Real Estate Developers Sentiment Survey 2022’, which stated that 1,322 developer members participated in the survey. From this survey, […]
The builders’ body demanded that the government should take measures to control prices of raw materials and suggested reduction in GST for the purpose. Real estate builders’ body, Confederation of Real Estate Developers’ Association of India (CREDAI), has expressed concern over the sustained increase in price of raw materials including cement and steel and said […]
Realty developer M3M plans to reduce debt by nearly Rs 500 crore by the end of FY 2022, Pankaj Bansal, Director, M3M India said. The company has repaid loan of Rs 418 crore in Q4 FY 2020-21 ahead of its target of Rs 400 crore and is confident of clearing the balance liabilities by March […]
According to NHAI officials, the previous deadline of July 2021 for the Sohna Road project could not be met due to the Covid-19 pandemic-induced lockdowns and ban on construction to control pollution According to NHAI officials, work on Phase 2 of the Sohna Road, beyond Badshahpur and Sohna, is 70% complete while the work on […]
The joint venture between Hines, the international real estate firm and DLF, the largest publicly listed real estate developer in India, has secured a construction loan of Rs 2,600 crore from HDFC Ltd. Hines and DLF had formed a JV in March last year to develop an office project in Gurugram Phase-V, Udyog Vihar. “Having […]
The approved projects include real estate projects of developers including DLF and M3M, along with some infrastructure projects. The Gurugram Metropolitan Development Authority (GMDA) has approved 25 projects for immediately restarting construction activity, with strict instructions to the builders to maintain social distancing norms during work. Developers are free to start construction at 45 sites […]