Page 11 - Gurugram

DLF to buy residual stakes in entities owning land in Gurugram for Rs 40 cr

Realty major DLF will acquire residual stakes in certain entities that own 63 acres of land parcels in and around Gurugram for around Rs 40 crore. DLF acquired development rights of these land parcels during 200910. In a regulatory filing on Tuesday, DLF said the finance committee of its board has approved the acquisition of around 5.22 per cent shareholding in Invecon Pvt Ltd and 4.48 per cent and 3.24 per cent shareholding in its affiliates namely Vikram Electric Equipment and Uni International, respectively. These entities are collectively referred to as 'land owning companies'. The land-owning companies collectively hold around 63 acres of land parcels in and around Gurugram, for which the company already has existing agreements. DLF said it is executing definitive agreements with the sellers and the land-owning companies along with its six other affiliates. After execution, these land-owning companies and six affiliates would become subsidiaries of the company. The considera

Anant Raj plans 3 housing projects with revenue of around Rs 4,000 cr

Realty firm Anant Raj Ltd plans to launch three new housing projects in Gurugram and Andhra Pradesh during the next 6-9 months with an estimated sales value of Rs 4,000 crore, as it seeks to expand business amid strong demand for residential properties. Delhi-based Anant Raj Ltd, which is listed on stock exchanges, will launch a luxury group housing project in Sector 63A Gurugram, comprising over one million square feet of developable area. The company also has plans to launch plots and villas, having a saleable area of around 1 million square feet, in its nearly 200-acre township 'Anant Raj Estate' in Gurugram. Anant Raj has also started construction of 1,900 affordable housing projects at Tirupati in Andhra Pradesh. "We are planning to launch three projects in Gurugram and Andhra Pradesh within the next 6-9 months. We are expecting a revenue of about Rs 4,000 crore from these projects," Anant Raj Ltd Managing Director Amit Sarin said. The demand is very strong largely from ...

Signature Global buys 26 acre land in Gurugram to build housing project

Realty firm Signature Global on Monday said it has acquired 25.75 acre land in Gurugram to develop a group housing project. The company did not disclose the deal value and the name of the seller. In a regulatory filing, Signature Global said the "company has entered into a Sale Deed for acquiring a land parcel admeasuring approximate 25.75 acres located at village Fazilpur, Gurugram, Haryana, for development of a group housing project." This land parcel has the overall potential developable area of about 3.25 million square feet, it added. Last month, Signature Global successfully launched its Initial Public Offering (IPO) to raise Rs 730 crore. The public issue, comprising a fresh issue of shares worth Rs 603 crore and an Offer For Sale (OFS) component of Rs 127 crore, was subscribed 11.88 times. Realty firm Signature Global has reported a 38 per cent growth in sales bookings at Rs 1,861.39 crore in the first six months of this fiscal year, on better demand for its affordable an

Two killed, 8 other passengers injured in road accident in Ayodhya

Apart from this, eight other people were injured and are undergoing treatment in the district hospital and trauma centre

KKR holdings opens new office in Gurugram for global operating model

This recent venture marks KKR's second establishment in India, reflecting the pivotal role the Asia Pacific assumes in its overarching strategy

Realty major DLF to invest Rs 1,700 cr for new shopping mall in Gurugram

Realty major DLF is likely to start construction of its new 25 lakh square feet shopping mall in Gurugram this quarter at a cost of around Rs 1,700 crore to expand business amid surge in demand for quality real estate space from retailers. At present, DLF has a retail footprint of around 42 lakh square feet comprising nine properties, including malls and shopping centres, mainly across Delhi-NCR. Around 3.4 lakh square feet retail portfolio is under DLF Ltd and rest under the DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and Singapore sovereign wealth fund GIC. In an interview with PTI, DLF's Vice Chairman and MD (Rental Business) Sriram Khattar highlighted that the retail sector has bounced back sharply post-COVID pandemic and there has been a strong growth in footfalls and sales in shopping malls. "We are likely to start construction of Mall of India, Gurugram in the third quarter of this fiscal year," said Khattar, who has recently been elevated to this new .

Ban on firecrackers in Gurugram from Nov, green crackers allowed on Diwali

The Gurugram district administration has issued orders to ban the storage, sale and use of firecrackers in view of pollution. In the orders issued by District Magistrate-cum-DC Nishant Kumar Yadav, e-commerce companies such as Amazon and Flipkart have also been prohibited from accepting any online order for firecrackers. The orders will come into force in Gurugram district from November 1, 2023 and will remain effective till January 31, 2024. "According to the instructions of the Supreme Court, only green firecrackers which cause less pollution can be sold through licensed traders in Gurugram district. The production, sale and use of other firecrackers and sticks has been completely banned as they cause excessive air and noise pollution and also cause solid waste related problems. "The green firecrackers will be allowed to be burst only from 8 pm to 10 pm on the festival of Diwali and from 11.55 pm to 12.30 am on the occasion of Christmas and New Year," the order read. The orders

Monu Manesar to be questioned in connection with murder of two Muslim men

Police in Rajasthan will question suspected cow vigilante Monu Manesar in connection with the murder of two Muslim men from the state whose charred bodies were recovered in Haryana's Bhiwani district in February, officials said on Wednesday. Monu Manesar -- booked by Rajasthan Police for the murder of Nasir and Junaid and accused by some of inciting the recent violence in Nuh -- was nabbed on Tuesday. While the Haryana Police did not confirm that the Bajrang Dal leader had been detained, an office-bearer of the outfit's parent organisation -- the Vishva Hindu Parishad -- said he was picked up in Gurugram's Manesar. He was handed over to the Rajasthan Police after it obtained a transit remand from a court in Nuh. Monu Manesar -- whose official name is Mohit Yadav -- was then brought to Bharatpur and produced in a local court, which sent him to two-day police remand. Superintendent of Police (Deeg) Brijesh Jyoti Upadhyay on Wednesday said the court sent Monu Manesar to two days in ..

National counter-terrorist exercise of police forces planned next month

A joint exercise of various state and central police counter-terrorist forces is planned to be held next month by the federal contingency commando force NSG as part of a strategy to fine tune the national crisis management plan and enhance jointness, official sources said on Friday. The ninth edition of the exercise code-named "Agni Pariksha" is slated to be held between October 24 and November 4 at the garrison of the 'black cats' commandos force in Manesar (Gurugram). The joint national level exercise aims to enhance the counter-terrorist expertise of the state police anti-terrorist squads and those from the central armed police forces (CAPFs) as they are the first responders in case of a terrorist attack, a senior Union home ministry official told PTI. The aim of this exercise is to ensure minimum casualties and collateral damage during such operations and to achieve better results even as the NSG joins them in due course during a crisis that can occur in any form and in any part

Special Protection Group Director Arun Kumar Sinha passes away at 61

Sinha was a 1987 batch Kerala cadre IPS Officer and serving as SPG Director since 2016

'Delhi is open', parts of NDMC to have restrictions during G20 meet: Police

The Delhi Police on Tuesday said the whole city will remain open during the G20 Summit, barring a part of the area under the NDMC. The police, in different posts on microblogging site X, said all the essential services such as milk booths and hospitals will remain functional in the New Delhi area. "Whole Delhi is open. Just a small part of NDMC will have restrictions... It is once again reiterated that restrictions are only imposed in a small portion of NDMC area. Don't believe in rumours," the Delhi Police said. The G20 Leaders' Summit is scheduled to be held from September 9-10 at a newly built international convention and exhibition centre -- Bharat Mandapam -- at Pragati Maidan here. In another post, the police said even though commercial activities remain banned between September 8 to 10, all the essential services such as milk booths, medical shops, hospitals and other services under the essential category will remain functional in the New Delhi area. All online delivery ...

DLF eyes Rs 400 cr revenue from new 92 independent floors in Gurugram

Realty major DLF expects a revenue of around Rs 400 crore from sales of 92 luxury independent floors which it will develop on corner plots in Gurugram, its Executive Director Aakash Ohri said. The company has many corner plots in Gurugram and is launching 92 independent floors. These floors will be sold in a price range of Rs 4-5.5 crore each with size between 2,400 square feet and 3,100 square feet. "We are launching more independent floors in Gurugram as demand is huge for this premium product," DLF Group Executive Director and Chief Business Officer Aakash Ohri told PTI. He said the company is expecting a sales revenue of Rs 400 crore from these 92 independent floors. "We have launched and sold independent floors worth Rs 7,650 crore in Gurugram and Chandigarh tri-city (Chandigarh, Mohali and Panchkula)," Ohri said. Recently, DLF Managing Director Ashok Kumar Tyagi had said the company would launch two luxury housing projects worth Rs 15,000 crore in Gurugram during the second

Ikea to launch online sales in Delhi-NCR soon

Want to buy Ikea products online in Delhi-NCR? Ikea will begin e-commerce operations in Delhi-NCR by December 2024. They will also open shopping centres in Gurugram and Noida, in the next two years >

FM Sitharaman to launch 'Mera Bill Mera Adhikar' scheme on Sep 1: Chautala

Union Finance Minister Nirmala Sitharaman will launch the Mera Bill-Mera Adhikar Scheme from Gurugram on September 1, Haryana's Deputy Chief Minister Dushyant Chautala said on Wednesday. She will launch this scheme in a programme to be organised in Sector 15 of Gurugram, the JJP leader said, as per an official statement. Chautala said that under this scheme, the consumers will have to upload the receipt of the purchase of the goods on a portal. He said that consumers will also get rewards through the corpus fund of Rs 30 crore, through a draw system. He said that this scheme will play an important role for GST collection as more and more people will be motivated to collect GST bills. Dushyant Chautala said that the Mera Bill-Mera Adhikar scheme will develop the tendency among consumers to demand the bill from the seller while purchasing goods. Notably, the Centre on Thursday said it will launch the 'Mera Bill Mera Adhikaar' initiative to encourage the culture of customers asking f

LIVE: No body other than Centre can conduct caste census, govt informs SC

Catch all the latest updates from across the globe here

Nuh Shobha Yatra: Internet suspended, Sec 144 imposed, all you need to know

Police officials in Nuh said 1,900 Haryana Police personnel and 24 companies of paramilitary forces have been deployed

Honeywell launches new AGL manufacturing facility in India's Gurugram

AGL, a product engineered and manufactured completely in India, plays a crucial role in airport operations

Avg rent in Gururgram increases by 28% annually in Jan-Jun: Savilis

The average monthly rental for premium housing rose 28 per cent year-on-year in Gurugram during the January-June period of this year on higher demand, limited supply and appreciation in capital values, according to Savills India. In Gurugram, the "average rentals witnessed an increase of 28 per cent YOY (year-on-year) across all markets. GCER (Golf Course Extension Road & SPR (southern peripheral road) and Golf Course Road saw the highest rise in rentals with 33 per cent and 31 per cent YOY growth, respectively," real estate consultant Savills said in its report. As per the report, the average quoted rentals are for 3BHK and 4BHK apartments on Golf Course Road and 3-BHK apartments in other micro markets. As per the Savills data of the first half of 2023, Golf Course Road commands a monthly average rental of Rs 1,95,941, while the average rent at Golf Course Extension Road and Southern Peripheral Road is Rs 1,01,000 a month. The data showed that average rent in New Gurugram is Rs ..

Informal workers moving away from Gurugram after communal clashes in Nuh

Nuh violence: Those leaving the Millenium City include cab drivers, office peons and security staff

Mazar targeted, prayer material burnt in village in Gurugram: Police

A group of unidentified men allegedly started a fire in a mazar at a village in Gurugram in the early hours of Monday, police said. The caretaker of the shrine, visited by both Muslims and Hindus, said some prayer material was burnt in the fire before it was brought under control by local people. The incident happened when prohibitory orders under section 144 of the CrpC were still in force in Gurugram in view of the communal clashes that began in the neighbouring Nuh district and spread to parts of the city and nearby areas last week. The Gurugram district administration lifted section 144 on Monday. According to a complaint filed by Ghasite Ram, the caretaker who is a native of the Barabanki district of Uttar Pradesh, it was all normal at the shrine in the Khandsa village when he left for home in the Feroze Gandhi Colony at 8:30 pm Sunday. He said that around 01.30 am he received a phone call from somebody living near the shrine that a fire in the shrine has been started by some