Chintels India Sells Gurugram Land Parcels to Sobha Group

19 Jan 2024 CW Team

Chintels India has successfully concluded a significant real estate transaction, selling two prime land parcels near Gurugram's Dwarka Expressway to the Sobha Group for a sum of Rs 1.218 billion. This strategic move aligns with Chintels India's ongoing business objectives and signifies a noteworthy development in the real estate landscape.

The deal underscores the continued interest and investments in the Gurugram real estate market, particularly in proximity to key infrastructure projects like the Dwarka Expressway. Sobha Group's acquisition of these land parcels is indicative of the potential and attractiveness of the location for real estate development.

As the real estate sector continues to evolve, such transactions contribute to the overall growth and dynamism of the market. Chintels India's successful sale to Sobha Group not only reflects a strategic business decision but also signifies confidence in the potential of the Gurugram real estate market. The financial details of the deal, amounting to Rs 1.21 billion, highlight the substantial value associated with these land parcels and the perceived opportunities in the region.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..