"Gurugram Witnesses a 13 per cent Surge in Housing Sales in 2023

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

Supreme Court criticises officials for mishandling solid waste

The Supreme Court criticised the authorities for the inadequate management of solid waste in Delhi-NCR and issued a directive for the Union Housing and Urban Affairs Secretary to organise a meeting of the relevant authorities to devise a solution, which would then be presented before the court.

The Bench, led by Justice AS Oka, expressed that if the authorities failed to propose any tangible solutions, they would contemplate issuing severe orders to address the environmental concerns in Delhi and its surrounding areas.

The Bench underscored the significance of the issue, labell..

MCG establishing panels for Gurugram Cleanliness & Waste Management

The Municipal Corporation of Gurugram (MCG) would establish zone-wise citizen supervisory committees, each consisting of five members, to encourage citizen involvement in enhancing cleanliness and waste management. The decision to form these committees was made to address ground-level issues and engage residents. It was revealed that MCG had conducted meetings with residents to devise plans for improving sanitation citywide.

Balpreet Singh, additional commissioner of MCG, stated that committees comprising five members would be established in each of the four zones. He mentioned that th..

Brookfield India REIT to Acquire Bharti's Stake in Realty JV

Brookfield India Real Estate Trust (BIRET) is set to acquire nearly 50% stake in a real estate joint venture with Bharti Enterprises. This joint venture, Rostrum Realty Private Limited, includes properties across Delhi-NCR. The transaction is valued at approximately ?6,000 crores. Last year, Brookfield Asset Management already acquired a similar stake in four Bharti commercial properties.

With this acquisition, Brookfield?s REIT in India and Brookfield Asset Management will collectively control Rostrum Realty. This move is part of Brookfield's strategy to expand its real estate portfoli..

DLF Ventures into Mumbai, Goa with Luxury Homes This Year

DLF, India's leading real estate developer, is set to enter the luxury housing markets of Mumbai and Goa by the end of this financial year. The company plans to introduce high-end residential projects, marking its first significant ventures in these regions.

In Mumbai, DLF will launch a premium condominium project in Andheri, featuring luxury apartments priced between ?6 crore and ?8 crore. This development signifies DLF's re-entry into Mumbai's real estate market after a long hiatus. The project aims to cater to the burgeoning demand for luxury homes in India's financial capital.