Realty major DLF’s promoters are likely to sell 40 per cent stake in its rental arm by September, a deal estimated to fetch around Rs 12,000 crore.According to sources, three global institutional investors — Blackstone, GIC and Abu Dhabi Investment Authority — have been shortlisted as buyers in DLF Cyber City Developers Ltd (DCCDL). Due diligence process is on and the agreement is likely to be signed...
CII holds 12th edition of Realty 2016 at New Delhi, on regulation and Finance: Paving the way for sustainable real estate development in India ‘Paving the way for sustainable real estate development in India’ formed the theme of deliberations of the 12th annual conference on the real estate sector organised by Confederation of Indian Industry (CII) at New Delhi, today. An esteemed panel...
The district planning committee on Monday approved a long-pending transit oriented development (TOD) policy. With this, the administrators hope to resolve one of Gurgaon’s biggest problems – traffic snarls – by increasing floor area ratio (FAR) along transit corridors. The move is also likely to boost the sluggish real estate market and raise much-needed funds for the development of Gurgaon’s mass...
The Realty Fact Awards (Asia Pacific 2016),held at New Delhi, was a glittering event that witnessed the best of the real estate fraternity coming together on a single platform. The evening had a fitting finale with the Realty Fact Awards (Asia Pacific)rewarding the best in real estate sector.The process of choosing winners began with inviting entries.The response was overwhelming, with entries pouring...
Real estate firm M3M India has entered into an agreement with Tata Realty and Infrastructure to sell its proposed IT-SEZ at Gurgaon for about Rs 500 crore. M3M India’s subsidiary Mikado Realtors Pvt Ltd had got a formal approval from the Commerce Ministry to develop a 25 acre SEZ for electronic hardware, IT/ITES in Gurgaon with a developable area of 3-3.5 million sq ft. According to sources,...
Delhi-NCR has recorded 39% increase in net office space absorption at 2.4 million sq ft in the first half of this year on the back of a few large-sized leasing transactions, according to property consultant Cushman & Wakefield. Net leasing of office space stood at 1.7 million sq ft in January-June of 2015. “Delhi-NCR witnessed 2.4 million sq ft of net absorption during H1 of 2016, a surge of 39 per...
CHD Developers Ltd., a leading Real Estate Developer, today announced a strategic tie-up with JNB Group and BridgeStreet Global Hospitality, a premier international provider of branded residences, serviced apartments and suites. Through this tie up, CHD will offer branded residences in its upcoming Golf themed Project, CHD 106 Golf Avenue, strategically located in Sector 106 on the Dwarka Expressway...
Gurgaon has emerged as the most attractive destination for real estate investment in the national capital region, according to a survey by industry body PHDCCI.Gurgaon is followed by Delhi, Noida, Faridabad and Alwar, according to a recent study on 'Determinants of real estate: A survey of Delhi NCR' conducted by PHDCCI.In the list of top 10 real estate investment destinations, Ghaziabad is at sixth...
The Haryana government on Monday announced its decision to reduce collector (circle) rates of immovable property in Gurgaon district by 15 per cent, an official said. The lowering of circle rates will bring down the cost of buying property in Gurgaon. The new collector rates lower compared to those of the last year, an official spokesman said here. The new rates have been implemented with...
Sobha Limited, the most trusted real estate developer, begins the handover of the first phase of its flagship project, International City, Gurgaon in NCR. Spread across 150 acres, International City is a secured, low-density villa community that offers presidential villas, duplex villas and super luxury row houses. The project is located across sectors 109, 106 and...