The Trump Organisation, founded and owned by the former US President Donald Trump, is planning to launch nearly half a dozen ultra-luxury properties in India. The group is in talks with Gurgaon-headquartered Tribeca Developers and are expected to initiate construction of at least two of these Trump properties within 2023.Donald Trump Junior, executive vice president of the Trump Organisation and son...
Union Road Transport Minister Nitin Gadkari on Saturday said five greenfield access control expressways are coming up and one of them between Delhi and Mumbai would be almost ready in December.He said the distance between the financial capital and the national capital would be covered in 12 hours once the expressway becomes operational. “The expressway between Delhi and Mumbai would be almost complete...
Gurgaon based real estate major DLF is all set to transform its organized retail or ‘mall’ platforms to a ‘phygital’ experience or a combination of physical and artificial intelligence guided digital exposure. They are kick starting this experience with the relaunch of Cyber Hub as Cyber Hub 2.0. Launched in 2013, Cyber Hub in Gurgaon’s Cyber City is one of DLF’s four organized retail...
Two land parcels worth Rs. 670 crores in the prime locations of Gurgaon have been acquired by one of the India’s largest developers, M3M India. An auction was held by Haryana Shahari Vikas Pradhikaran (HSVP), through which M3m acquired these parcels. These land parcels are on the location of Golf Course road and MG road. Plot on the golf course road has land spread of 3 acres. This area is planned to...
Realty developer DLF will develop 850,000 sq ft of low rise independent floors at DLF5, Gurugram, with the total revenue potential of Rs 1700 crore, Aakash Ohri, Group Executive Director and Chief Business Officer, DLF Ltd told ET. The company has focused a lot on low rise developments and have sold floors worth Rs 3,000 crore in 20 months. The Grove is a low-rise luxury development , offering 292...
Smart World Developers will invest Rs 1200 crore in developing 2.8 million sq ft of residential space spread across two projects in Gurgaon, its CEO Vivek Singhal told ET. The approval process of the projects is already on and construction is expected to begin in the next 2-3 months. “These two projects will be the major focus in 2022, apart from sale of balance inventory of two earlier projects we...
Work on the redevelopment of Southern Peripheral Road (SPR), including the construction of eight flyovers, footpaths and cycle tracks, is likely to begin early next year. The revamped stretch is likely to be ready by mid-2025.The Gurugram Metropolitan Development Authority (GMDA) has opened the technical bid for the Rs 845-crore project. Six companies have submitted their bids, according to officials. And...
M3M India, a Gurugram-based leading real estate player, has announced plans to invest around Rs 2,400 crore to develop a mixed-use project in Noida. The company has secured a 13-acre land parcel in Noida through an e-auction conducted by Noida Development Authority, Pankaj Bansal, Director of M3M India, said on Wednesday. “We will be foraying into the Noida market through this land...
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going...
From residential complexes to local shopping complexes to malls and luxury commercial spaces, the post-pandemic real estate sector, both residential and commercial, is undergoing a major transformation. Much of it is related to a massive change in people’s outlook once the lockdowns ended and normalcy returned. At one level, while it led to an increase in demand for large residential...