IKEA has taken a significant step in expanding its presence in North India by opening a new Customer Distribution Centre (CDC) in Gurugram, Delhi-NCR. This 180,000 square feet facility, developed in partnership with global logistics provider Rhenus, is designed to enhance storage and streamline order fulfillment for over 7,000 IKEA products. The CDC aims to fulfill most customer orders within 24 hours,...
Krisumi Corporation, a real estate joint venture between Japan's Sumitomo Corporation and Krishna Group, on Thursday said it has received occupancy certificate for its luxury housing project in Gurugram and will now give possession to around 500 flats. In a statement, the company said it has partnered with Cushman & Wakefield Property Management Services India Pvt Ltd to manage the first phase of...
Swiggy's main competitor, Zomato, previously operated its headquarters in the same building. However, the company vacated the premises in late 2018. Quick commerce company Swiggy has moved into a new office in Gurgaon. The announcement was made by Surendhar Kumar, the head of Administration and Procurement at Swiggy, via a LinkedIn post. “Just moved! Check out our new office at DLF – One Horizon,...
Average housing prices across the top eight markets in India witnessed a 10% YoY rise during the quarter ended on December 31, 2024. According to a report by CREDAI-Colliers-Liases Foras, the price appreciation was evident in all the eight major cities, with Delhi NCR witnessing the highest rise at 31% YoY growth, followed by Bengaluru at 23% YoY rise during Q4 2024. On the other hand, the affordable...
Luxury real estate in Delhi-NCR is seeing sustained growth, offering buyers a diverse range of options, from established high-end neighborhoods to rapidly developing micro-markets. The housing segment experienced a steep surge in demand for both luxury and premium housing, driven by increasing disposable incomes, buyers' changing lifestyle preferences, favorable home loan rates, and various other...
Hero Realty announced the appointment of Anuj Narang as its Chief Sales Officer. With over 18 years of extensive experience in Indian real estate, Narang brings a wealth of industry knowledge and strategic sales expertise. Before joining Hero Realty, he served as Vice President - Sales at DLF Ltd., where he played a pivotal role in driving sales growth and enhancing customer engagement. In his new role,...
Realty developer TARC Ltd is expecting Rs 2,000 crore revenue from the next phase of its two projects - Ishva and Kailasa, Amar Sarin, managing director and CEO of the company told ET. The developer has reported pre-sales of Rs 1,165 crore, during Q3FY25 taking the pre-sale to Rs 2,487 crore in the first nine months of FY2025, nearly six-fold year-on-year increase. “The success of TARC Ishva and...
A surge in premium property demand positions Gurugram as a key player competing with Mumbai. Gurugram’s real estate market has exploded, with property prices nearly doubling and the area gaining prominence as one of India's fastest-growing property hotspots. The city is witnessing new high-end residential launches and luxury projects, solidifying its status as the preferred choice for both investors and...
With a strong emphasis on infrastructure development, tax relief measures, and investment-friendly reforms, the industry is set to benefit across residential, commercial, and second-home segments. The Indian real estate sector continues to be a crucial pillar of economic growth. While the 2025 Union Budget didn’t introduce major overhauls, the reforms announced are set to provide much-needed support...
Owning a home is a necessity other than a common dream, representing, safety, security, and a sense of belonging. But obstacles like increasing property prices, lack of affordable housing, economic uncertainty, and high interest rates are making homeownership more and more challenging over the period now. Restricted access to credit, particularly for first-time buyers is another barrier. Red tape and...
