The companies will develop 164 senior living units at Sarvam DXP in Gurugram, with prices starting at around Rs 3.7 crore per unit and handover expected in 48 months
ITC Hotels Ltd on Friday announced the signing of a 104-key Welcomhotel in Manesar, Gurugram, strengthening the brand's presence in the National Capital Region (NCR). Anil Chadha, Managing Director, ITC Hotels, said, "As hospitality demand continues to evolve beyond traditional gateway cities, we remain focused on identifying destinations that offer strong long-term growth potential. Welcomhotel in Manesar is a strategic addition to our portfolio, bringing together a high-growth location, robust connectivity, and a thriving events market." "The hotel's connectivity to key economic centres located in Delhi, Gurugram, Noida and Faridabad will enable it to capture growing demand from both corporate and social segments, while offering a less congested and more destination-oriented environment," ITC Hotels said in a statement. ITC Hotels currently has a presence across India, Sri Lanka and Nepal through a portfolio of more than 155 properties and over 14,200 keys.
The company will invest over ₹1,300 crore in the two phases, comprising 542 units at its 33.38-acre Krisumi City township in Gurugram, with prices starting at about ₹4.9 crore
Realty major DLF Ltd on Sunday said it has sold all 172 senior living homes for Rs 1,985 crore at Gurugram, amid high demand for luxury housing properties. In a regulatory filing, DLF, the country's largest real estate firm, announced a "complete sell-out" of its newly launched project 'The Aureva' meant for senior citizens. The project, spread across 4.17 acres, is located at Sector 63, Gurugram. "The project has achieved sales of about Rs 1,985 crore, underscoring strong demand for thoughtfully curated luxury retirement living communities that seamlessly integrate luxury, wellbeing, convenience, healthcare access, and meaningful community engagement," DLF said. The average price realisation is Rs 11.5 crore per apartment. The units were sold at Rs 28,000 per sq ft. The company is developing 172 luxury residences in this upcoming project with a total carpet area of over 4 lakh square feet and a total saleable area of over 7.5 lakh square feet. Aakash Ohri, Managing Director and
Rising affluence, longer life expectancy and changing family structures are drawing mainstream developers to premium senior living projects in India's major urban markets
The second phase will extend the Gurugram Metro from Sector 9 to Cyber City, linking major residential and commercial hubs and providing interchanges with Rapid Metro and Namo Bharat
The project has about 6.77 million sq ft of developable potential and an estimated gross development value of ₹5,500-6,000 crore, marking its entry into the segment
Adidas has reportedly cut around 50% of the workforce at its Gurugram Tech Hub, potentially affecting nearly 350 of its 700 employees.
Gurugram's rapid rise after liberalisation shows the power of private development, but also highlights the need for better urban planning and public infrastructure
Adidas said the changes were intended to simplify parts of the organisation, strengthen critical capabilities and position the company for long-term success
Gurugram Police arrested Kalyan Bainsla in the biker Sia hit-and-run case after CCTV analysis led to an attempt-to-murder charge under Section 109 of the BNS
Kotak Realty Fund invests ₹800 crore in two luxury housing projects by Smartworld Developers in Gurugram, deepening institutional capital flows into premium residential real estate
Realty firm says disputes with Orris Infrastructure over Godrej Air have been amicably settled; actions under the settlement agreement are currently being implemented
The Haryana State Information Commission has imposed a fine of Rs 25,000 on Gurugram's District Town Planner, an official frequently in the news for his actions against illegal construction, encroachments, and unauthorised occupations, an official said. Taking a serious view of his conduct, the commission has also recommended to the Additional Chief Secretary of Haryana that RS Batth undergo training for discharge of official duties at the Haryana Institute of Public Administration or another suitable institution, he added. State Information Commissioner Ajay Sura issued an order in response to an RTI petition filed by Bharat Jain. The matter pertains to an RTI application submitted on January 4, 2022, in which the applicant had sought information regarding various rules, policies, and guidelines concerning the Town and Country Planning Department. Specifically, information was requested regarding the rules governing the issuance of partial possession or possession certificates for
Realty major DLF Ltd has sold a penthouse for Rs 271 crore at its upcoming luxury housing project in Gurugram, making it one of the costliest deals in terms of per square feet, according to sources. In October 2024, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF Phase 5 in Gurugram, comprising 420 apartments and penthouses. Sources said the company has sold a penthouse in this project to entrepreneur Manav Sardana, who was associated with Imperial Auto. The penthouse has a 17,200 sq ft super area and a 10,500 sq ft carpet area. On the super area basis, DLF has sold the penthouse at Rs 1.58 lakh per sq ft, while the selling price is nearly Rs 2.6 lakh per sq ft on carpet area, sources said. A DLF spokesperson declined to comment on the sale. DLF is expecting a total revenue of more than Rs 40,000 crore from this project. It has already sold more than 65 per cent of its units so far. The price of an apartment in this project ranges between Rs 100 crore
Waterlogging at major junctions and along the Delhi-Gurugram Expressway disrupted traffic across the city as police appealed for fewer vehicles on the roads
Realty firm M3M India on Thursday said it will invest Rs 600 crore to develop a commercial project in Gurugram. In a statement, the company said it has launched a commercial project, 'M3M Capital Financial Center'. M3M India said it will invest Rs 600 crore to build this project, which is spread across 1.42 acres, comprising 165 units, including 152 premium office spaces, 6 multiplex units and 7 retail units. The project, located at Sector 113, Dwarka Expressway in Gurugram, is expected to be completed by 2029. Gurugram-based M3M Group has two real estate companies - M3M India Pvt Ltd and Smartworld Developers Ltd. The Group develops residential, commercial and mixed-use projects in North India. Earlier this month, M3M Group said it will invest Rs 10,000 crore this financial year on construction and land acquisition as part of its expansion plan. "We are focusing on delivery of projects. At present, there is more than 30 million sq ft of area under construction across various ...
Gurugram is likely to record its first 100 mm-plus rainfall event as heavy rain batters Delhi-NCR. The IMD has issued a red alert, warning of severe waterlogging, thunderstorms and strong winds
Gurugram added 21 million sq ft of office space and recorded 40 million sq ft of leasing since 2021, while CBRE expects total stock to reach up to 125 million sq ft by 2030
Payoneer to hire 300 engineers by end-2026 as India GCC becomes its second-largest global tech and R&D hub