Page 9 - 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

Haryana's new excise policy spurs 20% hike in liquor prices in Gurugram

Haryana government has successfully auctioned 162 excise zones in Gurugram, garnering Rs 1,756 crore

Gurugram police prohibits nighttime vehicle stops and traffic challans

A letter from Gurugram Deputy Commissioner of Police, Virendra Vij, dated May 28 said that permission from higher authorities will be required before issuing any challan

Social media influencer Bobby Kataria arrested over human trafficking

Two men filed complaints with the Gurugram police claiming that Kataria, a social media influencer, had defrauded them of over Rs 4 lakh under the pretext of providing them jobs abroad

'Broken' civic infra of Gurugram top agenda for Congress's Raj Babbar

Congress leader Raj Babbar here on Monday said he would work to fix the state of civic infrastructure in the constituency, which despite contributing a hefty sum to Haryana's coffers has been given a short shrift. Babbar, the Gurugram Lok Sabha candidate from Congress, said he would also press for the establishment in the Indian Army of an Ahir regiment, for which there has been a longstanding demand. "Raj Babbar is a candidate fielded by the Congress, but going by the huge response of the people and their overwhelming support for our party, it seems they are fighting this election," Babbar said at a rally. Despite the heat, which has risen sharply over the past week, Babbar said people are turning up in large numbers to Congress's rallies. Babbar was announced its candidate from Gurugram by the Congress three weeks ago. Of the 23 candidates in the fray, the former actor's main fight is with Union Minister and BJP's sitting MP, 74-year-old Rao Inderjit Singh. Babbar, 71, says tha

Major fire breaks out in local slum cluster in Gurugram, 65 shanties gutted

About 65 shanties were gutted after a major fire broke out in local slum cluster in sector 65 here on Saturday, a fire official said. Initial investigations have revealed the cause of the fire was a cooking gas leakage, the official said. According to police, a fire broke out in the sector 65 area around 10 am. Five fire engines were immediately pressed into the service, they said, adding that the blaze was brought under control but 65 shanties were gutted. There were no casualties or burn injuries reported, the police said. After receiving the information, DCP South Siddhant Jain and his team reached the spot and evacuated many people, including small children, from the shanties. A senior police officer said these shanties were built by three persons -- Ombir, Shyambir and Sagar, residents of Ramgarh village -- who later handed them over to contractor Hamid, a native of West Bengal. Hamid used to rent out these shanties to migrants, charging Rs 1,500 to Rs 3,000 per month, the ..

Ikea gets closer to Delhi-NCR, to set up warehouse facility in Gurugram

Spread over 150,000 square feet, the warehouse facility will be able to store over 7,000 products and aid the group's expansion into Delhi-NCR

Ikea announces Gurugram warehouse deal to boost Delhi-NCR deliveries

International logistics firm Rhenus will set up facility for Swedish furniture retailer, expected to be operational by early next year

Bandhwari landfill fire: NGT issues notice to environment ministry, others

The National Green Tribunal has sought a response from authorities, including the Union Ministry of Environment, Forest and Climate Change (MoEFCC), regarding the blaze in the Bandhwari landfill site in Gurugram last week. A fire broke out at the site along the Gurugram-Faridabad Road, days after a massive blaze erupted at the Ghazipur waste site in east Delhi. Waste collected by the civic bodies in Gurugram and Faridabad is dumped at the site. The NGT was hearing the matter where it had taken suo motu (on its own) cognisance of a newspaper report regarding the fire. A bench of NGT Chairperson Justice Prakash Shrivastava noted that the report claimed the combustion of methane gas could have caused the blaze and that there was an alleged lack of precautionary measures. "The news item raises substantial issues relating to the compliance of environmental norms particularly with respect to prevention of fire and landfill gas management," said the bench comprising expert member A Senth

Rental yields from housing assets in Gurugram up 4.1%, says report

Rental yields in housing properties located at Gurugram and Noida have improved over the last few years and stood at 4.1 per cent and 3.7 per cent, respectively, during the latest March quarter, according to Anarock. Rental yield is the annual return on investment (ROI) investors earn from capital invested in a property. Real estate consultant Anarock report mentioned that there has been a steep rise in rental housing demand in the top cities. As a result, average rental values have soared and rental yields have been heading steadily north. The Anarock data showed that Bengaluru tops the list with a rental yield of 4.45 per cent during January-March 2024. Bengaluru's rental yield in pre-Covid 2019 stood at 3.6 per cent. Mumbai comes next among the top cities with a rental yield of 4.15 per cent in the first quarter of 2024 as against 3.5 per cent back in 2019. Gurugram is close behind with a rental yield of 4.1 per cent against 3.5 per cent in 2019. As per the data, the rental y

Gurugram has highest voter count in Haryana with over 2.5 million voters

Haryana's Chief Electoral Officer Anurag Agarwal Sunday said with more than 25 lakh voters, Gurugram Lok Sabha constituency has the highest voter count for a parliamentary constituency in the state. Gurugram has 25,46,916 voters, of which 13,47,521 are male, 11,99,317 are female and 78 are transgenders, whereas in Faridabad Lok Sabha constituency, the number of voters is 24,14,168, of which 13,10,206 are male, 11,03,844 female, and 118 transgenders. Polling for all the 10 Lok Sabha seats in Haryana will take place on May 25 followed by counting on June 4. The notification for elections will be issued on April 29. The deadline for filing nominations is May 6. The scrutiny of nominations will be done on May 7, and candidates can withdraw their nominations until May 9. In the 2019 LS polls, the voting percentage in Haryana was 70.36. "This time the target is to increase it to at least 75 per cent," the Haryana CEO said. For this, several unique initiatives have been undertaken by th

Genpact launches innovation centre in Gurugram to support AI-first approach

'The centre will be a launchpad for innovation, facilitating talent to learn, experiment, and build holistic, AI-focused growth-oriented solutions for Genpact's global clients,' the company said

Gurugram cops nab 4 cyber criminals for defrauding people of over Rs 4.5 cr

The Gurugram cyber police have arrested four fraudsters for allegedly duping hundreds of people across the country of over Rs 4.5 crore, officials said. Deputy Commissioner of Police (Cyber) Siddhant Jain said four mobile phones and Rs 32000 in cash were recovered from the accused. He added that after examining these SIM cards and reviewing the data from the Indian Cyber Crime Coordination Center (I4C), it was found that the fraud of about Rs 4.5 crore has been committed by these accused across the country. The accused have been identified as Nitish, resident of Chomu in Rajasthan; Monu from Bhonkarka village; Ravikant from Samastipur, Bihar; and Vikas Kumar from Vaishali district, Bihar, police said. "During the police interrogation, it was revealed that these accused committed fraud by making phone calls to people and cheating them in the name of transferring money online, investing in share market, offering online loans and getting money transferred by pretending to be experts,"

Man who opened fire outside Salman's house suspected to be from Gurugram

One of the two men seen in a CCTV footage opening fire outside Bollywood superstar Salman Khan's house in Mumbai is suspected to be from Gurugram, sources in the Delhi Police said on Sunday. Two men fired four rounds outside Bandra's Galaxy Apartments, where the actor resides, around 5 am and fled. According to a Bandra police official, an FIR has been registered against "unidentified persons" under IPC section 307 (attempt to murder) and the Arms Act. An official source in the Delhi Police said one of the two is suspected to be a criminal from Gurugram who was involved in multiple killings and robberies in Haryana and is wanted in the murder of Gurugram-based businessman Sachin Munjal in March. Gangster Rohit Godara, who is based abroad, had in a purported social media post claimed responsibility for Munjal's murder. He is a close associate of gangsters Lawrence Bishnoi, his brother Anmol and Goldy Brar. Hours after the firing outside Salman Khan's house on Sunday, Anmol Bishnoi,