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Gurgaon Real Estate News

Experion Developers to invest $350 million to fuel India expansion

Experion Developers will invest $350 million in the next 30 months to expand its commercial and residential portfolio across the country, its top executive said.  The real estate developer plans to hike its presence in Lucknow, Gurugram and Amritsar. It will also make an entry into Bengaluru, Pune, Hyderabad and Mumbai markets.  "We want to be in all the major metro cities and are already in talks to...

Sale bids start for MTNL’s Mumbai, Delhi properties

The government has kick-started the process of selling 20 properties of state-owned MTNL in Mumbai, apart from seeking bids for a 1.4-acre residential plot at Vasari Hills in Goregaon, which has a reserve price of Rs 270 crore. High-level meetings have also been held between officials of the housing & urban affairs ministry and the Department of Telecom (DoT) for various relaxations/exemptions from...

Bangalore office leasing market to witness the strongest quarter: JLL

Bengaluru The leasing market in Bangalore is set to witness a strong revival, with absorption by the end of 2021 set to touch approximately 10 million sqft. This is close to the 2017-2018 absorption levels for the city. In the last two months (September-October), the city has seen the closure of approximately 3 million sqft, the highest in 2021. Bangalore continues to dominate with the most increased...

Mahindra Logistics leases 1.4-million-sqft warehouses at LOGOS Luhari Logistics Estate

Delhi/NCR Integrated third-party logistics service provider Mahindra Logistics has leased 1.4 million sqft warehousing facilities at logistics developer LOGOS’ Luhari Logistics Estate in Delhi-NCR. The transaction represents the country’s largest warehousing facility in a single park. As per the agreement, LOGOS will develop 3 grade-A warehouses totalling 1.4 million sqft for Mahindra Logistics at the...

Skootr plans to expand portfolio to 4 million sqft

Premium managed office space provider Skootr plans to expand its portfolio to 4 million sqft from the current 4 lakh sqft on the back of a rise in demand for flexible spaces by the large corporates. “We are in talks to acquire assets in Bangalore, Mumbai, Pune and Chennai as we don’t have any presence there. In addition, we will expand in existing cities - Gurgaon, Hyderabad and Jaipur,” said Rajat...

RLDA invites bids for commercial development at Abu Road, Rajasthan

The Rail Land Development Authority (RLDA) has invited bids for leasing a land parcel for commercial development at Abu Road in the Sirohi district of Rajasthan. The parcel spans 1649. 40 sqm and falls under the North Western Railway Zone. It has a built-up area ratio of 2.0 (BUA – 3298.80 sq.m) and a reserve price of Rs 5.18 crore. The land will be leased out for 45 years. “Abu Road is the...

SJVN looks to set up more renewable power projects in UP

Lucknow State-owned power producer SJVN on December 1 urged the Uttar Pradesh government to allot the company more renewable power projects in the state, after bagging the 75 Megawatts (MW) solar project in Jalaun. "A K Singh, Director (finance), met Chief Minister of Uttar Pradesh Yogi Adityanath (on December 1) and briefed him about the progress being made in the allotted 75-MW solar project in Parasan...

Andhra Pradesh CM promises constructed houses to flood victims

Andhra Pradesh Chief Minister Y. S. Jagan Mohan Reddy on December 2 visited YSR Kadapa district which was affected by recent heavy rains and floods and interacted with affected people. He met the farmers and flood affected people at Pulapatturu village. He walked around the village and consoled the victims. Later, the Chief Minister attended the programme for sanctioning houses to be built in five...

Input cost pressure to push cement prices to all-time high: Crisil

Retail prices of cement, after rising by an average Rs 10-15 per bag pan-India since August, are likely to go up another Rs 15-20 over the next few months and touch all-time highs of Rs~400 per bag (approx) this fiscal because of high prices of inputs such as coal and diesel, according to Crisil Ratings.But the earnings before interest, tax, depreciation, and amortisation (Ebitda) of cement makers will...

Chandigarh: File objections to C&D waste draft policy in a day or two

Chandigarh The proposed Construction and Demolition (C&D) waste policy will finally open for objections in a day or two, giving residents 21 to 30 days to share their views, and will then be notified. The move has come after UT adviser Dharam Pal held a detailed meeting on the draft policy with Municipal Corporation (MC) officials. The adviser asked about its different aspects. Nitin Yadav,...

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