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

04 Dec 2025

ISRO’s IMAT Success Boosts Readiness for Maiden Gaganyaan Mission

Union Minister of State for Science and Technology Dr Jitendra Singh informed Parliament that ISRO has achieved a key milestone in its preparations for India’s first human space mission with the successful completion of the Integrated Main Parachute Airdrop Test (IMAT). He said in the Lok Sabha that the test forms a central part of the qualification campaign for the Crew Module’s parachute-based deceleration system, one of the most vital elements in human-rating the mission.According to Dr. Jitendra Singh, the IMAT recreated one of the most demanding descent conditions by intentionally del..

Gyanesh Kumar Takes Charge as Chair of International IDEA Council

Chief Election Commissioner of India Gyanesh Kumar has assumed the Chairship of the Council of Member States of the International Institute for Democracy and Electoral Assistance for 2026. The ceremony in Stockholm was also attended by India’s Ambassador to Sweden, Anurag Bhushan. India, a founding member of International IDEA, has long contributed to the organisation’s governance and global democratic dialogue, and the new Chairship signals broad recognition of the Election Commission of India as a trusted and innovative election management institution.During his visit, Kumar held discuss..

Coal Mines Boost Local Growth and Support India’s Energy Self-reliance

The Magadh and Amrapali coal mines in Jharkhand are playing a pivotal role in strengthening India’s energy security, contributing nearly half of Central Coalfields Limited’s total coal production in 2024–25. Both mines support the broader goal of ensuring steady coal availability for the power sector under the vision of Aatmanirbhar Bharat. Magadh has estimated mineable reserves of 854.91 million tonnes, while Amrapali holds 456.34 million tonne. For FY 2025–26, the two are expected to generate net sales revenues of Rs 28.12 billion and Rs 23.67 billion respectively. Local development ..