Emaar Expects Rs 34 Billion Revenue from Gurugram Luxury Project

05 Feb 2025 CW Team

Emaar India anticipates generating approximately Rs 34 billion in revenue from its newly launched luxury housing project, Urban Ascent, in Sector 112, Gurugram. The project, spanning 9.2 acres, will feature 816 apartments and is being developed under a joint development agreement (JDA) with landowners.

Emaar India CEO Kalyan Chakrabarti stated that the company is investing Rs 16 billion in this green project, with apartments priced between Rs 25 million and Rs 60 million. The development is expected to be completed within four to five years.

The demand for luxury housing in Delhi-NCR remains strong among both end-users and investors. V S Realtors founder Vijay Harsh Jha highlighted that Emaar’s recent project along Dwarka Expressway received more expressions of interest than the available units, driven by the expressway’s completion.

In November 2024, Emaar launched Amaris in Sector 62, Golf Course Extension Road, Gurugram, with a Rs 10 billion investment (excluding land cost). The 6.2-acre project includes 522 apartments with a development potential of 15 lakh sq. ft.

According to PropTiger, residential sales in Gurugram surged to 4,864 units in the October-December 2024 quarter, more than doubling from 1,995 units in the same period the previous year.

Emaar Properties entered India in 2005 through a joint venture with MGF Development, investing Rs 85 billion. However, in April 2016, the company demerged from MGF, taking full control of its operations in India. Emaar India now has a portfolio spanning Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur across both residential and commercial segments.

(Business Standard)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..