Page 7 - Gurugram

Elan Group gives Rs 500 cr contract to Leighton Asia for mall in Gurugram

Realty firm Elan Group has given a Rs 500 crore contract to Leighton Asia for the development of its shopping mall in Gurugram. In a statement, the company said it has "awarded the construction contract worth over Rs 500 crore to the Australian CIMIC Group's construction company, Leighton Asia, for its newly launched commercial mall, Elan Imperial." Located in Sector 82 in Gurugram, this mixed-use project includes a luxury retail mall, a five-star hotel and branded residences. Leighton is set to begin construction in November 2024. In August last year, Leighton was awarded with Rs 1,000 crore contract to construct Elan Group's flagship residential development, Elan The Presidential' in Sector 106, Gurugram. Rakesh Kapoor, Chairman, Elan Group, said the company has partnered again with Leighton. "With Elan Imperial, we aim to create a truly extraordinary destination for shopping, dining and leisure. This luxury mall will be the first of its kind in Gurugram, seamlessly integrating

Delhi malls, hospitals get bomb threat emails: Why is tracking sender tough

Bombs threats, mostly hoax calls, to schools, hospitals, malls, and other public places have become increasingly frequent since last year. The latest threats also seem to mirror the previous incidents

DLF mall in Noida, Ambience Mall receive bomb threats, search underway

The Ambience Mall management received a threatening email from an individual who alleged that bombs had been planted with the intention to 'kill everyone in the building'

ED to return flats worth Rs 20 crore to cheated homebuyers in Gurugram

The Enforcement Directorate (ED) has initiated the restitution process for flats worth over Rs 20 crore to homebuyers who were cheated by a real estate company in Gurugram.

At 7.2 million, Delhi Metro records highest-ever daily ridership on Aug 13

The Delhi Metro on August 13 registered the highest-ever count of daily passenger journeys at 72.38 lakh, officials said. The urban transporter shared the data in a post on X on Wednesday, saying it has surpassed its previous milestone accomplished in February this year. A total of 72,38,271 passengers travelled on August 13. The count of daily passenger journeys in the Delhi Metro had stood at 71.09 lakh on February 13, 71.07 lakh on August 12, 71.04 lakh on September 4, 2023, and 70.88 lakh on February 12, the data showed. Journey or line utilisation is calculated by the number of corridors passengers use to reach their destinations. The Delhi Metro Rail Corporation's current network span is nearly 393 km with 2888 stations (including the Noida-Greater Noida Metro Corridor and Rapid Metro, Gurugram). "The Delhi Metro Rail Corporation (DMRC) has recorded its highest-ever passenger journeys on Tuesday (August 13) with 72.38 lakh passenger journeys being performed across the networ

WATCH: Haryana doctors go on strike, govt hospital services hit. Updates

Haryana doctors' strike: The Haryana Civil Medical Services Association said that they had already warned the government of the potential strike about a month ago if their demands were not fulfilled

ED attaches immovable properties valued at Rs 300 cr in Gurugram village

The raids, carried out on July 16, also led to the seizure of digital devices and incriminating documents

Alphacorp to invest Rs 350 crore in luxury housing project in Gurugram

Realty firm Alphacorp will invest Rs 350 crore to develop a luxury housing project in Gurugram as part of its expansion plan amid strong consumer demand. Without divulging the name of the partner, Alphacorp said it has tied up with an entity that owns two land parcels of nearly 2.4 acre each, located in Sector 15, Part 2, Gurugram. "We will develop a total of 200 apartments on these two land parcels," said Santosh Agarwal, Executive Director and CFO of Alphacorp. On one parcel of 2.38 acre, the company has launched luxury high-rise project 'Alphacorp SKY1' comprising 100 units. The price is Rs 5 crore per unit. The project on the second plot will also be launched in the next 2-3 months. When asked about the project cost, Agarwal said the total investment is estimated at Rs 350 crore excluding land cost. He said the investment will be funded through internal accruals and bank loans, if necessary. "Gurugram, regarded as the Millennium City, exemplifies rapid infrastructure growth a

Birla Estates acquires 5-acre land in Gurugran to build housing project

Realty firm Birla Estates has acquired a 5-acre land in Gurugram to develop a housing project with an estimated revenue potential of more than Rs 1,400 crore. Birls Estates is a wholly-owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group. In a regulatory filing on Monday, Centure Textiles informed that Birla Estates will expand its footprint in the national capital region (NCR) with a strategic land acquisition in Sector 71, Gurugram. "This 5-acre parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over INR 1400+ crore with aesthetically designed residences," it said. K T Jithendran, MD & CEO at Birla Estates, said, "Gurugram has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region.

Congress will extend metro service to Manesar from Gurugram: Ex-CM Hooda

Former Haryana chief minister and Congress leader Bhupinder Singh Hooda on Sunday said if his party wins the upcoming state assembly polls, it will extend the metro line from here to Manesar. He was addressing a Congress workers' conference to thank them for their efforts in the Lok Sabha election in the Gurgaon constituency. BJP's Rao Inderjit Singh won the seat by defeating Congress' Raj Babbar. Hooda, who is the leader of opposition in the Haryana assembly, said it was the Congress that did the "historic" work of bringing the Delhi Metro service to Gurugram, Faridabad, Ballabhgarh and Bahadurgarh in Haryana. The work on extending the service to other parts stopped after the BJP came to power in the state, he claimed. "Gurugram, which the Congress was developing as a global city, has been left with heaps of garbage, traffic problems and sewerage issues by the BJP," Hooda said. He also alleged that the law and order has collapsed in the state and people do not feel safe. "Gurugr

Signature Global Q1 sales bookings jump 3.5X to Rs 3.1K cr on strong demand

Realty firm Signature Global on Sunday reported a 3.5 times jump in sales bookings to Rs 3,120 crore for the April-June quarter on high demand for its housing projects. The company's sales bookings stood at Rs 820 crore in the year-ago period. According to a regulatory filing, Signature Global sold 968 units in the first quarter of this fiscal against 894 units in the corresponding period of the previous year. In terms of volume, its sales bookings more than doubled to 2.03 million square feet from 0.91 million square feet a year earlier. Signature Global Chairman Pradeep Kumar Aggarwal said the company continues to ride on a high growth trajectory, achieving robust pre-sales and collection figures for the third consecutive quarter. "We ended the last fiscal year on an exceptional note, exceeding our guidance by a substantial margin in both pre-sales and collections. This fiscal year, we have set an ambitious target of achieving Rs 10,000 crore in pre-sales. Remarkably, in the fir

Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr

Realty firm Experion Developers has acquired a 7.81-acre land in Gurugram for Rs 400 crore to develop a real estate project. The company, a fully FDI-funded real estate developer and a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore, has acquired the land parcel in Sector 88A, Gurugram. "The 7.81-acre plot was acquired through an outright purchase for approximately Rs 400 crore," Experion Developers said in a statement. The project will have a built-up area of about 3 million square feet. In April, the company had said it would invest about Rs 1,500 crore to develop a luxury housing project 'Experion Elements' in Noida as part of its expansion plans amid a sharp rise in demand for residential properties. The company is developing around 320 housing units in this 4.7-acre project at Noida in Uttar Pradesh. In the first phase, around 160 units are being launched for sale. Experion Developers is developing township, housing and commercial projects in Gurugram, Amrits

High-rise safety concern in Gurugram after plaster falls at Sec-106, 107

Chunks of concrete plaster fell from the balconies of two residential complexes, Paras Dews in Sector 106 and Signature Global Solera in Sector 107 of Gurugram

Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank

Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 1,73,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities. Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, "India's real estate market has been buoyant in the last few quarters owing to the strong economic fundamentals and stable socio-political conditions." As a result, the residential and office segments have recorded decadal-high numbers, he told reporters in a virtual press conference on Thursday. He noted that premium housing formed 34 per cent of all sales in the first half of 2024. "Concurrently, India's status as one of the fastest-growing large economies has positively

Incuspaze takes on lease of 580,000 sq feet office space in Gurugram

Co-working firm Incuspaze on Monday said it has taken on lease around 5.8 lakh square feet in Gurugram to expand business amid rising demand for flexible workspace from corporates. Incuspaze has taken on lease 2.2 lakh square feet in M3M's commercial project on Golf Course Extension in Gurugram. Additionally, Incuspaze has taken on lease around 3.5 lakh sq ft in Udyog Vihar Gurugram. Sanjay Choudhary, Founder & CEO of Incuspaze, said, "Incuspaze expansion marks a significant step in our growth strategy, allowing us to better serve our clients with managed office solutions." "The Golf Course Extension Road and Udyog Vihar locations are pivotal for businesses looking for connectivity and convenience. We are committed to delivering exceptional workspace solutions that foster innovation and productivity," Choudhary added. Sanjay Chatrath, Managing Partner at Incuspaze, said the outlook for the office market remains positive. "The growth is driven by multinational companies and Global

Gurugram waterlogged after heavy rains; residents face traffic woes

Heavy rains in Gurugram early Friday morning led to severe inundation, particularly in residential areas, and traffic jams across the city. Significant waterlogging was reported in Dwarka Expressway, Sector 9, Sector 21, Sector 23, Greenwood City, Ardee City, Palam Vihar, Bhim Nagar, and MG Road, making it difficult for residents to step out of their homes. The Delhi-Gurugram Expressway was also affected after rains lashed the city on Thursday night and Friday morning. According to the rainfall data till 7.30 am on Friday, Sohna received 82 mm of rainfall, followed by 55 mm at Wazirabad, 30 mm at Gurugram, while Pataudi received the lowest rainfall at 3 mm. Local residents highlighted the crisis on social media. Teams from Gurugram Metropolitan Development Authority (GMDA), Municipal Corporation of Gurugram (MCG), and traffic police struggled to manage the situation. A traffic cop noted that the stretch from Khandsa to Kherki Daula toll was one of the worst affected areas. Virend

Euronics aims to double turnover to Rs 400 cr by 2025-26: MD & CEO Jain

Public washroom automation firm Euronics is looking to double its turnover to Rs 400 crore by 2025-26 with its new manufacturing plant at Gurugram set to become operational to fulfil 50 per cent of its orders. The company has invested Rs 100 crore to set up the washroom automation accessories production unit at Gurugram with an annual production capacity of 2 lakh units and it will become operational this month. "In the last financial year we were around Rs 200 crore... This year we are looking at close to Rs 280 crore to Rs 290 crore and in FY25-26 we are chasing Rs 400 crore turnover," Euronics MD & CEO Viknesh Jain told PTI. He was responding to a query on the company's growth trajectory. Established in 2002, Euronics is a major player in India's public and commercial washroom sector, he said, with growth fuelled by the expansive growth of the country's public infrastructure, commercial real estate, and retail sectors. While initially it catered mainly to the private sector, ..

Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram

The project will have a total developable or built-up area of 2.3 million square feet. It is expected to be completed in December 2029

Drone delivers medicines, groceries to residents in Gurugram. WATCH

Skye Air CEO Ankit Kumar stated that drones are revolutionising urban logistics by offering swift, eco-friendly, and precise delivery services

Gurugram liquor shop on Golf Course road auctioned for whopping Rs 50 crore

The new Haryana excise policy 2024-2025, enforced on Wednesday, has also resulted in a 20 per cent hike in liquor prices in Gurugram