M3M group has cleared ₹1,133 crore loan of the total ₹1,300 crore loan it availed from Indiabulls by March 31, 2025. The loan was availed by M3M India for the purchase and development of its project - M3M City of Dreams in Panipat. The company will pay the residual amount of ₹167 crore by the first quarter of the financial year 2025-26. Robin Mangla, president of the company said, "We have...
Real estate company Godrej Properties Ltd has sold around 90 flats for more than ₹1,000 crore on the launch day of its new luxury housing project at Gurugram, despite an overall demand slowdown in residential property market. In a regulatory filing on Friday, the company said around 90 flats were sold on the launch day of its project 'Godrej Astra' located on Golf Course Road micro-market. The...
Real estate company Hero Realty has appointed Rohit Kishore as its new Chief Executive Officer (CEO). Kishore has over 21 years of experience in the real estate industry, Hero Realty said in a statement on Monday. Kishore joins Hero Realty from Eldeco Properties, where he served as the CEO. Before Eldeco, he worked in many real estate companies, including Lotus Greens Developers, MARS Development,...
Billionaire Gautam Adani's group is in advanced talks to acquire real estate company Emaar India for an enterprise value of around USD 1.4-1.5 billion as it looks to expand its property business, according to sources. Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India's MGF Development and invested Rs 8,500 crore through the joint venture firm Emaar MGF...
Over the last few years, property prices across Delhi-NCR have shown steady appreciation, with key hotspots witnessing exponential growth. According to a report by Anarock, NCR recorded a 44 per cent surge in new launches, the highest among major regions. The Delhi-NCR has long been a prominent real estate hub due to its strategic location, rapid urbanization and evolving infrastructure. The region...
Realty firm Signature Global is planning to invest around ₹4,000 crore to develop two new housing projects in Gurugram as part of its expansion plan, its Chairman Pradeep Kumar Aggarwal said. In an interview with PTI, he said, in the next quarter, the company plans to launch more than 40 lakh square feet of area in two premium housing projects in Gurugram. "We will be focusing on the ₹2-5 crore...
The demand for luxury homes in Gurugram last year increased by whopping 66 per cent to nearly Rs 1.07 lakh crore, according to a report by real estate data analytic firm PropEquity. As per the data, housing sales in Gurugram rose to 1,06,739 units in CY 2024 from 64,314 units in 2023. DLF, Signature Global, Godrej Properties, M3M India along with its group firm Smartworld Developers, Elan Group, ATS...
Delhi-NCR has pipped Mumbai and Hyderabad to emerge as the top selling housing market across nine cities in 2024 owing to 66% growth in sales value in Gurugram alone. With this, Delhi-NCR has breached the ₹1 lakh crore sales value threshold, a report by PropEquity, a real estate data analytics firm has said. The total sales value of Delhi-NCR rose by 63% in 2024 to ₹1.53 lakh crore while that of...
Gurugram housing market witnessed strong demand for luxury homes last year with sales rising 66 per cent to nearly Rs 1.07 lakh crore, according to PropEquity. Real estate data analytic firm PropEquity on Tuesday released data of housing sales of the top 9 cities in terms of value. As per the data, housing sales in Gurugram rose to Rs 1,06,739 crore last year from Rs 64,314 crore in 2023 calendar...
Realty firm DLF's rental arm will invest around Rs 6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram to tap demand for top-quality green commercial properties. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. In its latest investors presentation...
