Page 6 - Gurugram

Signature Global acquires 8.39 acre land in Gurugram for Rs 282 crore

Real estate firm Signature Global (India) Ltd has acquired 8.39 acres of land in Gurugram for Rs 282 crore to develop a housing project and is expecting a revenue of around Rs 3,200 crore. In a statement on Friday, the company said it has "acquired 8.39 acre land at Sector 37D, Gurugram, Haryana, at a cost of Rs 282.42 crore". The overall development potential of this land is about 20 lakh square feet. The company intends to launch the project on this land parcel by the end of the next financial year (2025-26) and expects total revenue of around Rs 3,200 crore, Signature Global said. On the development, Pradeep Aggarwal, Founder & Chairman of Signature Global, said, "Gurugram's housing market has experienced exceptional growth in recent years, with Dwarka Expressway emerging as India's fastest-growing real estate corridor." "Given the success of our past projects, we are confident that our upcoming development in this sector will receive an overwhelming response upon launch," he .

Signature Global to invest Rs 4,000 cr on 2 projects in Gurugram: Chairman

Realty firm Signature Global is planning to invest around Rs 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 Rs 2-5 crore price bracket, where we are seeing huge demand but limited supply," Aggarwal said. He noted that the demand for residential properties, especially for big reputed players, remains strong, although he acknowledged that the frenzy seen in the last few years have subsided to some extent. Asked about the total project cost to develop the two new housing projects, he said it will be around Rs 4,000 crore, including land, construction and other costs. On the operational front, Signature Global sold properties worth Rs 8,670 crore during the April-December period of this fiscal year, a sharp r

Fire erupts at Gurugram's Kingdom of Dreams; firefighters rush to spot

Kingdom of Dream fire: The fire started in the culture gallery; exact cause remains unknown

DLF to invest Rs 6K cr to construct office, retail spaces in Gurugram

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 for the third quarter of this fiscal, DLF informed that its rental arm DCCDL has commenced construction of 5.5 million (55 lakh) square feet of Grade A plus office spaces in the new phase of its ultra-premium commercial project 'DLF Downtown, Gurugram'. Besides, DCCDL has also commenced construction of DLF Mall of India, Gurugram, with a total area of 20 lakh square feet. Already, 3.7 million (37 lakh) square feet area has been completed so far. According to sources, the total investment in the construction of this office complex and a shopping mall would be around Rs 6,000 crore. The

BPTP Group logs Rs 1,500 crore bookings on Day 1 of Gurugram luxury project

Co seeks to earn Rs 6,500 crore in revenue from the residential project located along Dwarka Expressway

News highlights: Leader of J&K Oppn Sunil Sharma calls on LG Sinha ahead of Budget Session

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Gurgaon employee fired within 20 days for 'tea breaks,' 'leaving on time'

20 days after starting work at a startup, a Gurugram employee was fired for allegedly having an 'attitude problem' and for 'leaving on time' and having tea breaks with coworkers

New scam in Gurugram: Car driver allegedly hits pedestrian, demands money

According to a viral Reddit post, a "new scam" is making waves in Gurugram. An Ertiga driver deliberately hits pedestrians from behind and then demands compensation for alleged damages

BPTP Group seeks Rs 6,500 cr revenue from Gurugram luxury housing project

Located on a 12.05-acre land parcel along the Dwarka Expressway, the developer will invest around Rs 3,000 crore in the project, which will be developed in three phases

BJP now in Centre and Delhi: Will RRTS corridors see the light of day?

While the Delhi-Ghaziabad-Meerut corridor has progressed steadily, the Delhi-Gurugram-Rewari-Alwar and Delhi-Sonipat-Panipat faced delays

36-hour power outage in Gurugram hits 10,000 families after grid fire

A fire at a Gurugram power substation caused a 36-hour blackout, affecting 10,000 families. Residents relied on costly, polluting diesel generators as officials worked on restoration

BlackRock planning to hire 1,200 people to expand 2 support hubs in India

BlackRock is also inheriting a so-called global capabilities center with roughly 1,500 staff in Bangalore through its proposed purchase of data firm Preqin

Emaar expects Rs 3,400 cr revenue from luxury housing project in Gurugram

Realty firm Emaar India is expecting around Rs 3,400 crore revenue from its newly launched luxury housing project in Gurugram. Emaar India, which is part of Dubai-based Emaar Properties, has recently launched a housing project 'Urban Ascent' in Sector 112, Gurugram. Emaar India CEO Kalyan Chakrabarti said the company will develop 816 apartments in this 9.2-acre luxury housing project. He said this project is under a joint development agreement (JDA) with land owners. "The total investment will be around Rs 1,600 crore to develop this green project," he said. The sales bookings value is estimated at around Rs 3,400 crore, Chakrabarti said. The company is selling apartments in a price range of Rs 2.5 crore to Rs 6 crore. The project will be completed in the next four-five years. Chakrabarti noted that housing demand continues to be strong in Delhi-NCR from end-users as well as investors. Gurugram-based brokerage firm V S Realtors founder Vijay Harsh Jha said the demand for the re

Gurugram Developers Embrace Engineering Data-Systems (ED-S) for Smarter Construction

Leading real estate developers from Gurugram like Orris Group, Raheja Developers, Pyramid and Landmark Group are taking steps to modernise the future of real estate via Engineering Data-Systems (ED-S)

DLF aims Rs 23,000 cr from sale of ultra-luxury homes in Gurugram's Dahlias

Buoyed by strong sales of 173 homes for Rs 11,816 crore in its ultra-luxury project in Gurugram, realty major DLF is now targeting at least Rs 23,000 crore revenue from the remaining 247 units in its new offering 'The Dahlias'. In October last year, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF phase 5 in Gurugram, comprising 420 apartments and penthouses. This new project is the second ultra-luxury offering from DLF after the successful delivery of 'The Camellias' at the same location. The minimum size of an apartment is 10,300 square feet. According to investors' presentation, DLF has sold 173 units having 18.5 lakh square feet area, for Rs 11,816 crore. The average realisation was around Rs 70 crore per residence. The average per square feet rate is around Rs 64,000 for saleable area and Rs 1,05,000 for carpet area. "Balance area to be sold 2.7 million (27 lakh) square feet. Currently valued at around Rs 23,000 crore," DLF said in the presentatio

Emaar India to invest Rs 1,600 cr on new housing project in Gurugram

Realty firm Emaar India will invest around Rs 1,600 crore to develop a new luxury housing project in Gurugram as part of its expansion plan amid strong demand for residential properties. Emaar India, which is part of Dubai-based Emaar Properties, has launched a new housing project 'Urban Ascent' in Sector 112, Gurugram. "We have launched a new housing project on Dwarka Expressway, Gurugram. It is a 9.2 acre luxury housing project where we will be developing 816 apartments," Emaar India CEO Kalyan Chakrabarti told PTI. He said this project is under joint development agreement (JDA) with land owners. "The total investment will be around Rs 1,600 crore to develop this green project," he said. Chakrabarti said the housing demand continues to be strong in Delhi-NCR from end-users as well as investors. "This is our first launch this year. Urban Ascent is more than just a residential project'- it's a lifestyle crafted for those who seek comfort, convenience and a connection to nature,"

Gurugram Police introduces Paytm QR code for traffic challan payments

Traffic challans can now be settled using a Paytm QR code in Gurugram, police said on Friday. Keeping in mind the convenience of the people, DCP traffic Virender Vij launched a Paytm QR code for paying challan on Thursday, an official said. DCP Vij said that this new initiative will not only save people's time but with the help of this Paytm QR, challan can be easily paid for by scanning the code while even sitting at home. He added that Gurugram is the first district of Haryana where easy payment of challan was started with the help of Paytm QR code and after this, no one will have to visit offices to pay the challan. "The Paytm QR codes have been pasted in all the police stations, police chowkis, traffic booths and all the police offices in Gurugram district. On scanning this QR from the Paytm app, first of all, it will log in you to the page of Haryana Traffic Police. On which you enter your challan number or vehicle number, after which the challan can be easily paid once the ..

Signature Global buys 16-acre land in Gurugram for Rs 300 crore for project

Real estate company Signature Global has bought a 16.12-acre land in Gurugram for nearly Rs 300 crore to develop a housing project, as it remains bullish on demand for mid-income and premium residential properties. The land is located on Sector 71, Southern Peripheral Road, Gurugram, Haryana. "We have purchased a 16-acre land parcel in Gurugram for the development of a premium housing project," Signature Global Chairman Pradeep Kumar Aggarwal told PTI. He said the total development potential in this project would be around 27-28 lakh square feet area. Asked about the land cost, Aggarwal said the total investment of the purchase of land is nearly Rs 300 crore. He said the company had earlier done a joint development agreement with the landowner but now it has cancelled the same and bought this land parcel outrightly. Aggarwal said the company has bought this land using internal accruals, as the company is generating operating surplus. Signature will continue to look for land parc

Haryana minister outlines Rs 800 crore road project for Gurugram's future

Haryana minister Rao Narbir Singh has said that the foundation for Gurugram's prosperous future will be laid over the next five years through improved connectivity and a robust road network, officials said on Sunday. Badshahpur MLA Singh, who is the minister for industries, commerce, environment, forests, and wildlife, said as part of the ongoing efforts to develop infrastructure in the district, an elevated road will be built from the Gurugram-Jaipur National Highway to Vatika Chowk, along with four flyovers from Vatika Chowk to Ghata at an estimated cost of Rs 800 crore. According to an official statement, Singh said a detailed project report (DPR) for this crucial project to be executed by the Gurugram Metropolitan Development Authority (GMDA) is currently being prepared, and work on the ground will commence soon. The minister was addressing a gathering during a visit to Vatika City in Sector 49. "It is our collective responsibility to turn Gurugram into a beautiful and clean ci

Over 2,000 cops deployed in Gurugram ahead of New Year celebrations

Gurugram police have deployed over 2,000 policemen to ensure hassle free New Year celebrations, officials said on Sunday. MG road, Cyber hub and sector 29 market have been identified as key sensitive points which are expected to be hit by maximum party goers and majority of cops will be stationed here to keep things under control, they said. The police have allotted 10 parking spots around these venues. According to an official statement of the Gurugram police, special programmes and events will be organised mainly at 22 places in Gurugram for New Year celebrations. Besides deploying a huge force, police's Counter Assault, Police Riders, Police PCR, Crane, Fire Brigade and ambulance teams have also been deployed with all safety equipment at all these places, it said. Major security arrangements are made at MG road, Cyber hub, Golf course road, DLF phase-1 and market of sector 29. About 1,044 policemen will be deployed at those 22 spots, 10 parking lots and police checkpoints, the