Real Estate Gurgaon

High valuations of prime land and a robust outlook for housing and office space is spawning new wannabes in the country’s burgeoning realty sector. The latest to enter the fray is the Hero Group, a leading maker of two-wheelers and auto parts in the country.

“We have about 10 acre land at Gurgaon, Haryana, and we are exploring possibilities of developing it into a commercial property,” Naveen Munjal, chief executive officer of Hero Exports, the trading arm of the group.

The group is in talks with leading real estate companies in Delhi to develop the property, Munjal said.

Details of Hero Group’s realty plan are yet to be worked out, he said.

Over the last one decade, domestic and foreign companies have flocked to Gurgaon to set up their offices – driving real estate valuations in the satellite city of the National Capital as high as its landscape.

Source : Business Standard

Sobha Developers has entered in to a joint development agreement to develop Rs 2,000 crore integrated township spread over 192 acres in Gurgaon, Haryana.

The company said it has entered into an agreement with QVC Realty and Chintels India for the venture. This is an addition to the list of integrated township projects already launched by the company in Kochi and Thrissur.

According to J C Sharma, managing director, Sobha Developers, "The integrated township will consist of single-family homes, apartments, commercial, retail and office space. This is one of the company's largest development in north India and is strategically located in Sector 106-109 and well connected to Delhi and Gurgaon."

"Projected investment estimated to be over Rs 2,000 crore and the total development in excess of 6.5 million square feet," he added.

Source : Business Standard

The Gurgaon-Sohna road has emerged as the latest area of rapid real estate development in the National Capital Region.JMD Promoters is also taking a step in this direction.Massive in dimension and unlimited in providing lifestyle comforts; JMD Gardens is a substantially built housing complex that comprises 500 flats, running into 17-storey constructions, with options for three-bedroom, three-bedroom-plus-study and four-bedroom accommodations and penthouses that spread over an area of 11 acres at a prime location

Setting a significant standard, JMD residential options exclusively come for those who believe in style and grandeur. JMD Gardens is to arrive with plush interiors and ample space to unleash every fantasia into profound reality. Instilled with the option of acrylic emulsion paint, combination of textures, paint finish with stone and grit, vitrified tiles, laminated wooden flooring, chrome, coloured sanitary fixtures, seasoned hardwood frames with European style.

Source:http://www.moneycontrol.com/

Real estate major DLF has chalked out an aggressive expansion plan to invest Rs 30,000 crore by 2015, for developing 100 million square feet retail space. The capital-based DLF, which is coming out with perhaps the country's largest initial public offer to raise more than Rs 10,500 crore, has already started working on its upcoming 34 shopping malls covering 21 million sq ft. DLF is eyeing to capture 5 per cent share of retail space in the next ten years across the country.

It is banking on the rapid growth in organised retail sector, which is expected to go upto 45-50 billion dollars in 2015 from just 7-8 billion dollars in 2005.The company has made an elaborate plan to develop 100 million sq ft retail space by 2015 under six different formats- prime downtown shopping districts, shopping centres, stand-alone stores, neighbourhood malls, destination malls and super luxury malls.

DLF intends to set up 22 stand-alone stores in one to two lakh sq ft each while 10 super luxury malls would be developed in three-four lakh sq ft each, to fulfill the needs of large format retailer for self-owned stores.
The largest up-coming mall which is currently under execution happens to be Gurgaon-based mall of India, spread over 32 acres with covered retail space of four million sq ft.


Source:http://www.zeenews.com/