Eldeco acquires Gurgaon land

25 Sep 2023 CW Team

Eldeco Group, a real estate company, has acquired 8.5 acres of land in Gurgaon's Sector 80 through an auction conducted by Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). The acquisition, costing Rs 1.65 billion, will be used for a residential development project spanning 850,000 square feet. Eldeco plans to invest an additional Rs 4 billion in the construction, with Chairman and Managing Director Pankaj Bajaj stating construction will commence in the current financial year. The project is expected to yield Rs 10 billion in revenue, with Knight Frank serving as Eldeco's advisor in the transaction.

This acquisition is part of a trend of increased land purchases by developers in prime locations, thanks to Haryana government auctions. The real estate consultancy Knight Frank India's executive director, North, Mudassir Zaidi, predicts a surge in launches in the second half of the financial year as a result. Ashiana Housing was also recently allocated land in Sector 80 by HSIIDC for a residential project. Additionally, Adore Group secured 10.20 acres of land in Sector 77 for a residential project involving an investment of Rs 2 billion.

Eldeco Group has a track record of delivering 175 projects, encompassing about 30 million square feet of real estate development. The Delhi-NCR region is expected to witness many housing unit launches during the upcoming festive season due to several developers acquiring land in the past six months to cater to the growing demand for homes. Notable developers like DLF, Godrej, L&T, TARC, Signature Global, and County Group are among those planning launches in the latter half of the year. Residential launches in the first half of the year surpassed the previous year's numbers, with 10,963 units launched in Delhi-NCR compared to 11,643 units in 2019, according to Cushman & Wakefield.

Products

11 May 2026

GRAFF unveils Champagne finish at Salone 2026

GRAFF has introduced its new Champagne finish, recently unveiled at Salone del Mobile.Milano 2026, expanding its portfolio to 28 finishes. Designed to bring warmth, balance and serenity into interiors, the finish is positioned as the brand’s brightest option for clients seeking a lighter, warmer tone.Available in Polished and Brushed variants, the Champagne finish combines refined aesthetics with functionality. It is suited for residential and contract spaces and can adapt to traditional, contemporary and minimalist design styles.The finish is now available across select GRAFF bathroom and k..

Blue Dart Revenue Rises to Rs 61.41 Bn

Blue Dart Express reported revenue from operations of Rs 61.41 billion for FY2025–26, up from Rs 57.20 billion in the previous year, supported by continued momentum in e-commerce, domestic consumption and B2B surface express solutions. Profit after tax for the year stood at Rs 240 crore.For the quarter ended 31 March 2026, the company posted revenue from operations of Rs 15.33 billion and profit after tax of Rs 430 million. Blue Dart said it continued to strengthen its integrated air and ground network, improve operational efficiency and expand solutions for businesses across India.The compa..

JSW One Elevates Mayank Gupta as CFO

JSW One Platforms has elevated Mayank Gupta as Chief Financial Officer as the company strengthens its leadership team to support its next phase of growth and institutional expansion.Gupta, who earlier served as Chief Operating Officer, has played a key role in scaling the company’s integrated commerce, supply chain and finance ecosystem. In his new role, he will oversee strategic finance, treasury, governance, capital allocation and financial planning.Gaurav Sachdeva, Joint Managing Director and CEO, JSW One Platforms, said Gupta’s operational understanding and financial expertise make him..