Page 2 - Gurugram

Key road to Delhi airport shut for 2 months for repair work: Check advisory

Due to ongoing repairs on NH-48, the service road from NSG Office to Mahipalpur Petrol Pump will be closed for the next two months, the Delhi Traffic Police said

Ingka Centres to invest Rs 5,500 cr in India on 2nd meeting place at Noida

Ingka Centres, a part of Ingka Group that operates IKEA retail, will invest 607 million euros (about Rs 5,500 crore) to set up its second meeting place in India at Noida under the Lykli brand, taking its overall investment in the country to a 1 billion euros, according to the company's Global Expansion & Development Director Sebastian Hylving. It is betting big on the Indian market and is looking at expanding where IKEA plans to open its outlets in the country, although the opening of its first meeting place in Gurugram -- Lykli Gurugram -- has been pushed to 2026 from the originally planned opening in late 2025. The company on Monday unveiled the second IKEA-anchored meeting place in India at Noida which will offer a blend of retail, dining, hospitality, co-working spaces, entertainment, and cultural experiences tailored to the needs of modern urban residents. "It (Lykli Noida) is at an investment of 607 million euro...that investment is purely for the Noida project, and then we .

ED surveys Ramprastha Group premises in money laundering case in Gurugram

The Enforcement Directorate conducted searches at multiple locations of real estate company Ramprastha Group in Gurugram on Wednesday as part of a money laundering investigation linked to alleged cheating with home buyers, official sources said. The ED case stems from a clutch of FIRs filed by the local police against the company by "disgruntled homebuyers for non-fulfilment of the promise of handing over the (housing) projects to them", the sources said. The projects include Ramprastha Rise, Ramprastha City and Ramprastha SKYZ located in Gurugram, Haryana. There was no response to phone calls made by PTI to the company. ED sources said some promoters of the group like Balwant Chaudhary, Arvind Walia and Sandeep Yadav have been called for questioning but they are yet to join the investigation. The company said on its website that it holds a large land bank in Gurugram with a combined development potential of over 80 million sq. ft. "We have successfully sold 8000 dwelling units i

Ashiana Housing sells properties worth Rs 403.49 cr in Gurugram project

Realty firm Ashiana Housing has sold 168 apartments for Rs 403.49 crore in its residential project in Gurugram on strong consumer demand. In a statement on Wednesday, Ashiana Housing Ltd said that the company has sold 168 apartments in the fourth phase of its kid-centric project 'Ashiana Amarah'. "On Day-1, 168 out of a total of 280 units in Phase 4 have been booked, representing a remarkable sale value of Rs 403.49 crore. The total saleable area for Phase 4 covers 4.95 lakh square feet, featuring premium 3 BHK units," it added. The total project is spread over 22 acres. "The successful booking of 168 units out of 280 within such a short span highlights the growing appeal of our kid-centric homes. Our commitment to creating family-friendly environments that foster the growth and development of children continues to resonate strongly with our customers," Ankur Gupta, joint managing director of Ashiana Housing, said. Ashiana Housing Ltd, established in 1979, has a presence across 9

Godrej Properties wins bid for 2 plots in Gurugram, eyes Rs 3400 cr revenue

Realty firm Godrej Properties has won bid for two residential plots in Gurugram costing Rs 515 crore and will develop luxury homes worth Rs 3,400 crore on these land parcels. In a regulatory filing on Monday, Godrej Properties informed that it has "emerged as the highest bidder and has secured the Letter of Intent to develop two group housing plots at premium locations in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP)". The combined bid value for both plots is Rs 515 crore, it added. The plot measuring 3.6 acres is located in the prestigious Golf Course Road micro-market whereas the plot measuring 1.97 acres is strategically located in Sector 39 with proximity to NH 48. "The land parcels together will offer a development potential of over 1 million square feet and an estimated revenue potential of over Rs 3,400 crore comprising luxury residential apartments of varied configurations," Godrej Properties said. In the last fiscal, Godrej Propert

Elan Group gives Rs 500 cr contract to Leighton Asia for mall in Gurugram

Realty firm Elan Group has given a Rs 500 crore contract to Leighton Asia for the development of its shopping mall in Gurugram. In a statement, the company said it has "awarded the construction contract worth over Rs 500 crore to the Australian CIMIC Group's construction company, Leighton Asia, for its newly launched commercial mall, Elan Imperial." Located in Sector 82 in Gurugram, this mixed-use project includes a luxury retail mall, a five-star hotel and branded residences. Leighton is set to begin construction in November 2024. In August last year, Leighton was awarded with Rs 1,000 crore contract to construct Elan Group's flagship residential development, Elan The Presidential' in Sector 106, Gurugram. Rakesh Kapoor, Chairman, Elan Group, said the company has partnered again with Leighton. "With Elan Imperial, we aim to create a truly extraordinary destination for shopping, dining and leisure. This luxury mall will be the first of its kind in Gurugram, seamlessly integrating

Delhi malls, hospitals get bomb threat emails: Why is tracking sender tough

Bombs threats, mostly hoax calls, to schools, hospitals, malls, and other public places have become increasingly frequent since last year. The latest threats also seem to mirror the previous incidents

DLF mall in Noida, Ambience Mall receive bomb threats, search underway

The Ambience Mall management received a threatening email from an individual who alleged that bombs had been planted with the intention to 'kill everyone in the building'

ED to return flats worth Rs 20 crore to cheated homebuyers in Gurugram

At 7.2 million, Delhi Metro records highest-ever daily ridership on Aug 13

The Delhi Metro on August 13 registered the highest-ever count of daily passenger journeys at 72.38 lakh, officials said. The urban transporter shared the data in a post on X on Wednesday, saying it has surpassed its previous milestone accomplished in February this year. A total of 72,38,271 passengers travelled on August 13. The count of daily passenger journeys in the Delhi Metro had stood at 71.09 lakh on February 13, 71.07 lakh on August 12, 71.04 lakh on September 4, 2023, and 70.88 lakh on February 12, the data showed. Journey or line utilisation is calculated by the number of corridors passengers use to reach their destinations. The Delhi Metro Rail Corporation's current network span is nearly 393 km with 2888 stations (including the Noida-Greater Noida Metro Corridor and Rapid Metro, Gurugram). "The Delhi Metro Rail Corporation (DMRC) has recorded its highest-ever passenger journeys on Tuesday (August 13) with 72.38 lakh passenger journeys being performed across the networ

WATCH: Haryana doctors go on strike, govt hospital services hit. Updates

Haryana doctors' strike: The Haryana Civil Medical Services Association said that they had already warned the government of the potential strike about a month ago if their demands were not fulfilled

ED attaches immovable properties valued at Rs 300 cr in Gurugram village

The raids, carried out on July 16, also led to the seizure of digital devices and incriminating documents

Alphacorp to invest Rs 350 crore in luxury housing project in Gurugram

Realty firm Alphacorp will invest Rs 350 crore to develop a luxury housing project in Gurugram as part of its expansion plan amid strong consumer demand. Without divulging the name of the partner, Alphacorp said it has tied up with an entity that owns two land parcels of nearly 2.4 acre each, located in Sector 15, Part 2, Gurugram. "We will develop a total of 200 apartments on these two land parcels," said Santosh Agarwal, Executive Director and CFO of Alphacorp. On one parcel of 2.38 acre, the company has launched luxury high-rise project 'Alphacorp SKY1' comprising 100 units. The price is Rs 5 crore per unit. The project on the second plot will also be launched in the next 2-3 months. When asked about the project cost, Agarwal said the total investment is estimated at Rs 350 crore excluding land cost. He said the investment will be funded through internal accruals and bank loans, if necessary. "Gurugram, regarded as the Millennium City, exemplifies rapid infrastructure growth a

Birla Estates acquires 5-acre land in Gurugran to build housing project

Realty firm Birla Estates has acquired a 5-acre land in Gurugram to develop a housing project with an estimated revenue potential of more than Rs 1,400 crore. Birls Estates is a wholly-owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group. In a regulatory filing on Monday, Centure Textiles informed that Birla Estates will expand its footprint in the national capital region (NCR) with a strategic land acquisition in Sector 71, Gurugram. "This 5-acre parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over INR 1400+ crore with aesthetically designed residences," it said. K T Jithendran, MD & CEO at Birla Estates, said, "Gurugram has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region.

Congress will extend metro service to Manesar from Gurugram: Ex-CM Hooda

Former Haryana chief minister and Congress leader Bhupinder Singh Hooda on Sunday said if his party wins the upcoming state assembly polls, it will extend the metro line from here to Manesar. He was addressing a Congress workers' conference to thank them for their efforts in the Lok Sabha election in the Gurgaon constituency. BJP's Rao Inderjit Singh won the seat by defeating Congress' Raj Babbar. Hooda, who is the leader of opposition in the Haryana assembly, said it was the Congress that did the "historic" work of bringing the Delhi Metro service to Gurugram, Faridabad, Ballabhgarh and Bahadurgarh in Haryana. The work on extending the service to other parts stopped after the BJP came to power in the state, he claimed. "Gurugram, which the Congress was developing as a global city, has been left with heaps of garbage, traffic problems and sewerage issues by the BJP," Hooda said. He also alleged that the law and order has collapsed in the state and people do not feel safe. "Gurugr

Signature Global Q1 sales bookings jump 3.5X to Rs 3.1K cr on strong demand

Realty firm Signature Global on Sunday reported a 3.5 times jump in sales bookings to Rs 3,120 crore for the April-June quarter on high demand for its housing projects. The company's sales bookings stood at Rs 820 crore in the year-ago period. According to a regulatory filing, Signature Global sold 968 units in the first quarter of this fiscal against 894 units in the corresponding period of the previous year. In terms of volume, its sales bookings more than doubled to 2.03 million square feet from 0.91 million square feet a year earlier. Signature Global Chairman Pradeep Kumar Aggarwal said the company continues to ride on a high growth trajectory, achieving robust pre-sales and collection figures for the third consecutive quarter. "We ended the last fiscal year on an exceptional note, exceeding our guidance by a substantial margin in both pre-sales and collections. This fiscal year, we have set an ambitious target of achieving Rs 10,000 crore in pre-sales. Remarkably, in the fir

Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr

Realty firm Experion Developers has acquired a 7.81-acre land in Gurugram for Rs 400 crore to develop a real estate project. The company, a fully FDI-funded real estate developer and a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore, has acquired the land parcel in Sector 88A, Gurugram. "The 7.81-acre plot was acquired through an outright purchase for approximately Rs 400 crore," Experion Developers said in a statement. The project will have a built-up area of about 3 million square feet. In April, the company had said it would invest about Rs 1,500 crore to develop a luxury housing project 'Experion Elements' in Noida as part of its expansion plans amid a sharp rise in demand for residential properties. The company is developing around 320 housing units in this 4.7-acre project at Noida in Uttar Pradesh. In the first phase, around 160 units are being launched for sale. Experion Developers is developing township, housing and commercial projects in Gurugram, Amrits

High-rise safety concern in Gurugram after plaster falls at Sec-106, 107

Chunks of concrete plaster fell from the balconies of two residential complexes, Paras Dews in Sector 106 and Signature Global Solera in Sector 107 of Gurugram

Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank

Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 1,73,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities. Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, "India's real estate market has been buoyant in the last few quarters owing to the strong economic fundamentals and stable socio-political conditions." As a result, the residential and office segments have recorded decadal-high numbers, he told reporters in a virtual press conference on Thursday. He noted that premium housing formed 34 per cent of all sales in the first half of 2024. "Concurrently, India's status as one of the fastest-growing large economies has positively

Incuspaze takes on lease of 580,000 sq feet office space in Gurugram

Co-working firm Incuspaze on Monday said it has taken on lease around 5.8 lakh square feet in Gurugram to expand business amid rising demand for flexible workspace from corporates. Incuspaze has taken on lease 2.2 lakh square feet in M3M's commercial project on Golf Course Extension in Gurugram. Additionally, Incuspaze has taken on lease around 3.5 lakh sq ft in Udyog Vihar Gurugram. Sanjay Choudhary, Founder & CEO of Incuspaze, said, "Incuspaze expansion marks a significant step in our growth strategy, allowing us to better serve our clients with managed office solutions." "The Golf Course Extension Road and Udyog Vihar locations are pivotal for businesses looking for connectivity and convenience. We are committed to delivering exceptional workspace solutions that foster innovation and productivity," Choudhary added. Sanjay Chatrath, Managing Partner at Incuspaze, said the outlook for the office market remains positive. "The growth is driven by multinational companies and Global