Latest Property News on 'Gurgaon'

Gurgaon Waking up to Specialty Malls

The old adage “The more the merrier” seems apt for the fast flourishing cyber city of Gurgaon that already has scores of monumental malls. Adding to its mall culture are coming specialty malls like wedding malls, festival city, boutique malls and the glittering gold souk.

Work on wedding mall is already under way whereas the construction work for two boutique malls and a festival city are expected to commence soon. Read More »

Airport Upgrade Jacks up Realty Rates in Dwarka, Gurgaon

With the UPA chairperson Sonia Gandhi having laid the foundation stone for the revamped Delhi airport last Saturday, the ball has been set rolling for the first modern, international-styled airport in the country. But, what has also been set rolling are the real estate rates all around. According to experts, a 10-15% rise in rates has already been registered in areas near the airport like Dwarks as well as Udyog Vihar, DLF Phase II & III in Gurgaon.

Says local realtor Vikram Chopra, “In a country where connectivity is a major issue and the construction of an expressway or a flyover result in a hike in the prices of the surrounding real estate, an airport that is going to be the first internationally-styled one in the country is big news. In fact, apart from Gurgaon and Dwarka, the increase in property rates has already started happening at farmhouse colonies like Westend Greens, Pushpanjali, Vasant Vihar and Shanti Niketan in South Delhi.” Read More »

New Gurgaon Master Plan Raising Hopes for House Buyers

The much awaited Gurgaon Master Plan 2021 is bringing high hopes for residents of the fast flourishing cyber city, Gurgaon. It paves the way for 14,930 hectares land for residential and 1,404 hectares of land for commercial development. This will undoubtedly be a step forward in the direction of real estate development in Gurgaon. Moreover, the new supply could be good news for the middle class as the prices of apartments are expected to slip down to 2,000 – 2,500 per sq ft. whereas they were earlier available for no less than Rs 2,700 per sq ft, says sources. Property rates in some newly developed sectors of Gurgaon will be at least 30-40% lower than in existing sectors.

Bright Forecasts of the New Gurgaon Master Plan 2021. Read More »

Eros Group trumpets hotel site for Rs 255.20 cr at Gurgaon

The Millennium Plaza, a known subsidiary of renowned Eros Group, has fetched a five acre plot for a hotel site in Sector 47, Gurgaon for a whopping amount of Rs. 255.20 crore. The auction was organized by the Haryana Urban Development Authority (HUDA), Gurgaon on 4 Feb 2007, for the sale of 11 sites in different sectors including 5, 7-extension, 10A, 21, 55, 56, 47 and 9A.

The last auction arranged for the same did not turn out to be much successful as the price of the land was not coming up to the mark. This time round, the site has been notched for Rs 255.20 cr as compared to the last, where it was bided for only Rs 220 cr. Read More »

DLF appoints four creative agencies in its roster

DLF, the Delhi-based real estate major, now plans to go national. Towards this end, it has added three creative agencies - FCB-Ulka, Capital Advertising and Lintas Personal - to its roster, while retaining the incumbent agency, Percept H. The four agencies will handle different projects for the company. Media duties will be handled by Percept Media, sources close to the development have told agencyfaqs!

When DLF started reviewing its creative and media duties in October 2006, seven agencies participated in the pitch. The company has allocated a media budget of Rs 25 crore, and this could increase in the future. The four agencies have been awarded business for one year, after which the creative and media duties will be reviewed. it is learnt that the company had given the agencies a brief to reposition DLF as a national brand and as a real estate company with innovative excellence and size. Read More »

Gurgaon emerging as new corporate capital: Hooda

You must have been very bored with reading and listening to same headline everywhere – “Gurgaon leading in the national capital region, NCR.” Adding to charm of the same is something new but in wide way: Gurgaonenjoying the distinctive distinction of being new corporate capital.

With more and more multinational companies spreading their wings to Gurgaon to establish their customer care center, this suburb of Delhi, can boast of having the highest number of call centers in India, as informed by Haryana Chief Minister Bhupinder Singh Hooda in the 79th annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI). Read More »

Real Estate in Manesar Gets Dearer

Real estate sector in NCR began with market expansion taking place at Delhi’s suburbs. However, it is something that has passed; now the property business has reached its second phase of development. After the townships of fast flourishing places like Noida, Gurgaon, Ghaziabad, and Greater Noida, it is Manesar to make the headlines next, as far as the development of surrounding real estate is concerned.

Couple of years back, no one could have imagined such bright future of property market in India. According to industry connoisseurs, the next destination for potential investors is Manesar who are eyeing for land acquisition here to develop new office spaces. The rising demand for property itself speaks for the enormous growth taking place in this town of Haryana. Indeed, the demand. Read More »

Real Estate Investments in Gurgaon

Gurgaon, a city in the northern eastern state of Haryana, has now become much famous as India’s Outsourcing Capital. The impressive growth that this cyber city has shown is hardly comparable with any of what its counterparts have accomplished.

Earlier, Gurgaon was known to be a sleepy town on the outskirts of the capital city. Today, the situation has largely changed with several big buildings and shopping arcades doting on this suburb which has witnessed a major real estate boom for the last few decades. Read More »

Gurgaon Property Builders to Pay a ‘Metro Cess’

Now, bringing Delhi’s Metro Rail into Gurgaon and Ghaziabad is going to cost. The Haryana and Uttar Pradesh are considering imposition of a ‘Metro Cess’ to finance several upcoming Metro projects.

The Haryana Government has thought of making its contribution by levying a tax on property developers to raise Rs.680 crore needed for development of Gurgaon’s Metro Rail, says SS Dhillon, director of town and country planning, in the Haryana Government. It would be mandatory for all property builders to pay the tax that will be a part of external development charges. Read More »

Gurgaon Sealings – A boon for residents or curse for traders?

The HUDA stepped up its drive and took action against unauthorized commercial establishment operating from residential areas in Gurgaon. The action was spread across the entire Gurgaon, with majority of the effect being seen in DLF Phase I, where the agency sealed 40 units.

369 shops were sent the legal notice for running shops from residential premises in HUDA sectors. Of this, 119 have complied with the notice whereas the rest are still continuing to do business. Despite the fact that there was such a stringent warning beforehand, none of the traders with shops in private colonies have followed it. Read More »