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.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..