The Haryana government on Saturday approved the proposal to increase external development charges (EDC) of various potential real estate zones in the state by 20% for 2025, and a 10% increase every year from 2026. The decision will likely increase the cost of real estate development, which might make properties costlier for buyers. However, the […]
Demand for lavish and luxurious housing projects remained resilient in 2024 despite a sharp surge in property prices. This particular segment defied a slowdown in economic growth as the growing tribe of high-net-worth individuals did not shy away from making big-ticket purchases. As per data issued by real estate consultant firm Anarock, housing prices rose […]
The real estate sector has overcome its challenges and continues to reach new heights year after year. According to PropEquity, India’s key property market, Delhi NCR has shown a resilient performance during the December quarter, with housing sales and new supply expected to rise 25% and 59%. The data reveals that the residential units sold […]
Co-working player Smartworks has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of Rs 94.68 crore for six years. The space is located in DLF Commercial Building Block -3 in DLF City-Phase 5, Gurgaon, according to data accessed by Propstack. The monthly rent amounts to Rs 7.89 crore or […]
New luxury launches in cities like Gurugram, Noida and Bengaluru also witnessed significant increase. With approximately 16,140 luxury units, new launches in Gurugram increased by more than 1.5 times in 2024. Under-construction residential projects in major cities have recorded price appreciation soaring up to 55 percent over the year. According to Savills India, the ongoing […]
US technology giant Google has entered into a lease agreement for 550,000 square feet of office space with managed workspace provider Table Space at a commercial complex in Gurugram, according to two sources familiar with the matter. The deal is reportedly one of the largest managed workspace transactions in the country. However, the duration of […]
Realty firm Signature Global on Tuesday reported a more than two-fold jump in sales bookings to Rs 2,770 crore mainly on better demand for its housing projects in Gurugram. The company had sold properties worth Rs 1,260 crore in the year-ago period. Signature Global Chairman Pradeep Kumar Aggarwal attributed the growth in sales bookings to […]
Gurugram has emerged as a fierce competitor to Mumbai and Dubai in the luxury real estate category, setting new benchmarks and redefining urban opulence. 2024 has proven to be a groundbreaking year for India’s luxury real estate market. From stellar deals in Gurugram to blockbuster sales in Mumbai, the super-luxury living trend is reshaping the […]
Real estate company Signature Global has bought a 16.12-acre land in Gurugram for nearly Rs 300 crore to develop a housing project, as it remains bullish on demand for mid-income and premium residential properties. The land is located on Sector 71, Southern Peripheral Road, Gurugram, Haryana. “We have purchased a 16-acre land parcel in Gurugram […]
The Gurugram real estate market is on the cusp of significant transformation as we have entered into the Year 2025. With changing buyer preferences, the rise of branded residences, and the challenge of limited land availability, the city is witnessing an exciting shift in its property landscape. Mr. Adil Altaf, managing director – Trinity Infratech, […]