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Gurgaon

Birla Estates charts national expansion with Gurgaon project

Birla Estates Private Limited, a 100 per cent wholly owned subsidiary of Century Textiles and Industries Limited (BK Birla Group), forges ahead with its national expansion by announcing its entry in Gurgaon through a joint venture with Anant Raj Limited, a leading player with a large land bank in Delhi NCR market. Birla Estates has already made a significant impact in the real estate sector by launching its residential project in Mumbai (Kalyan) which will be followed by its upcoming residential project in Bangalore. The Company marks its foray into the Delhi-NCR region catapulting itself into the top league. Birla Estates also plans to develop a valuable portfolio of over 200 acres owned by the group across Mumbai MMR region, Pune & Bangalore markets. Birla Estates’ maiden project in ...

Hines and Conscient to Develop Luxury Residential Project in Gurgaon

Hines, the international real estate firm, and Conscient Infrastructure Pvt. Ltd., a trusted name in the real estate industry in India, have commenced work on developing the premium residential project, Elevate, in Gurgaon. The residential project, with an estimated value of INR 2000 Cr., is Hines’s first residential venture in India. Conveniently located in an exclusive enclave in Golf Course Extn. Road, in Sector 59, Elevate is a thoughtfully designed, differentiated, high-quality, residential development option for the customers, priced at INR 2.2 – 4.0 cr. ticket size. The project houses 556 for-sale apartments with equivalent saleable area sizes ranging from approximately 2,100 square feet to 3,400 square feet. Conscient Infrastructure will be the developer for the project while Hines...

Corporatedge Unveils 20,000 sq. ft. Office Facility in Delhi

-Announces national plan. -Opens its 4th Facility at Hindustan Times House, Connaught Place. -Announces its Bangalore Facility opening in August 2019 at ITC Green Centre. Corporatedge, premium business centre unveils its premium serviced office space today, located at K.G. Marg in the iconic Hindustan Times Building. Space is being inspired and designed by Lutyens era. The offices and meeting rooms come with state-of-the-art interiors, modern IT&T infrastructure and all ultra modern facilities. It provides an ideal set up for multi-nationals who want to have quality workspaces for their team so that they can work in a hassle-free environment, which boosts productivity. This facility is spread over 20,000 sq feet and will house 200+ seats, 35 private office suites and has been set up wi...

Garage Society Launches its first Co-working Space in India – RealtyMyths

Garage Society, a Hong Kong-based flexible coworking space provider, today announced the launch of their first coworking space in Cybercity, Gurgaon. The facility is spread over 19,000 sq. ft. with a seating capacity of nearly 300. The centre has been designed to cater to the needs of modern corporates, startups and freelancers. Founded in 2014, Garage Society offers flexible workspace solutions and business support to the new generation workforce across Asia, including events, hiring, internships and investment opportunities. With an international footprint in Hong Kong, Thailand, Cambodia and Philippines, the company has now started its operations in India. The coworking space called ‘Garage Gurgaon’ is located in Cyber Greens in DLF Cybercity, a corporate tech park in Gurgaon. It is a 2...

Breaking Myths! Does living in a Metro City mean better lifestyle!

We often see that the people who migrate to metro cities in search of better jobs get fascinated by the charm the city beholds. The larger-than-life shopping complexes, world-class malls, metro and mono-rails and other infrastructures of global standards do impact common men’s though process and influence their aspiration towards the life. And in this overall process, the person gets stuck to the attraction the city through upon him. And he starts planning to settle in a metro city, hoping he would lead a better life with all the requirements getting fulfilled right at his doorstep. And the general perception starts building that living in a metro city means a better lifestyle! How true this perception is? Life in a Metro                   No doubt, the life in a metro seems lucrativ...

85 New Malls to open in India in next 5 years

14 million sq. ft. more retail spaces in top 8 cities by 2020 Anuj Kejriwal, MD & CEO – ANAROCK Retail There is so much talk of the death of brick-and-mortar retail as a consequence of the aggressive advent of e-commerce into the country, when the fact is that shopping malls have just got started in India – and they are definitely here to stay. As developers learn through trial and error and come up with more winning formulas for their malls, and as a retailers get more into omnichannel selling, we will see the Great Indian Mall revolution spin into its next cycle of evolution.  Why the Indian Mall Story Rocks Unlike ‘couch potato’ e-commerce shopping, malls offer an experience a touch-and-feel benefit which online shopping cannot. Also, going to a mall becomes ...

Realty 2018 – Can NCR Deliver on its Promises?

Prashant Thakur, Head – Research, ANAROCK Property Consultants Project delays are one of the most alarming issues historically dogging the Indian real estate sector. The dearth of effective planning and execution of construction activities, escalating construction costs, approval delays, diversion of allocated funds to other projects and tepid sales are some of the predominant factors resulting in project delays. The homebuyer is, of course, at the losing end. To put it in numbers, during 2017, out of the total 5.8 lakh residential units slated to be completed across the top 7 cities in India, only 1.5 lakh units were actually delivered until December 2017. This indicates that around 4.3 lakh units actually missed their stipulated completion deadlines. The National Capital Region (NCR), on...

Podcast: The responsibility of EDC and IDC – The buck should stop

Santosh Sinha & Saket Pathak While buying a property or during the research phase, everyone would have come across the terms like EDC and IDC. Many would know their full forms as well but they would also know what they are and under whose responsibility them come if is a matter of doubt. You would think why we are discussing it today. Well, in an interesting development the NCR chapter of CREDAI has alleged that Gurgaon authorities are misusing their position and are forcing the developers to sign a one-sided agreement where the developers will have to pay the External Development Charges and Infrastructure Development Charges to the authority without fail but the authorities have kept themselves away from any responsibility to do the development against those charges. CREDAI approache...

Thinking inside the box was simple & innovative – Kabir Siddiq, Founder & CEO, SleepyCat

At the time when everyone is busy thinking out-of-the-box, Kabir Siddiq found his Big Idea inside a box, literally. Founder and CEO of SleepyCat, a company disrupting the mattress market with innovative solutions, Kabir has travelled a long way to offer the people of India a sound sleep.   Being a graduate from the Indiana University, USA, with a double major in Economics and Telecommunications, coupled with an experience of almost five years in Investment Banking, Kabir’s thought process is simple – why a buyer should face difficulties in buying a product when the same can be done with a much simpler process. It is this though that brought him into the entrepreneurship role. He shares his journey with Team RealtyMyths.Com on the inception of this idea and his vision. Here are ...

Central Park resorts wins ‘Best Real Estate Project – Luxury Residential’ award

RM Correspondent Central Park Resorts bagged the prestigious ‘Best Real Estate Project – Luxury Residential’ award at ET NOW Real Estate Awards held recently at Taj Lands End, Mumbai. Ms. Tabassum Hasan, from Central Park received the award from Dr. Niranjan Hiranandani – Co-Founder & MD, Hiranandani Group. The Real Estate Awards celebrate the highest levels of achievement by companies operating in the real estate sector. The awards ceremony recognizes and rewards best practice, outstanding performance, and innovation within the real estate sector. Expressing his excitement on the win, Mr. Amarjit Bakshi, Managing Director, Central Park said, “We are delighted upon winning such a prestigious accolade for Central Park Resorts. Central Park team considers this recognition as a testament ...

The Trump effect on Gurgaon’s luxury housing market

Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants When the scion of one of the world’s most iconic real estate brands comes to India to help market yet another luxury homes project – this time in the Millennium City of Gurgaon – the market sits up and takes notice. By all standards, the upcoming Trump Towers are a sizeable undertaking – the 47-storey towers will put 250 exclusive units on the market, with completion and possession slated for 2023. As can be expected from such an iconic development by a brand that has already made a strong imprint in Mumbai, Pune and Kolkata, the price tags are astronomic, ranging from INR 55-110 million. This gives rise to a logical question – at a time when the luxury housing market in India has yet to pull i...

Central Park bags another ‘Luxury Project of The Year’ award

Continuing with its winning streak, Central Park recently won ‘Luxury Project of The Year’ at 10th Estate Awards organized by Franchise India at JW Marriott, Aerocity, New Delhi. The award was conferred to Mr. Bhaswar Paul, Head of Sales at Central Park Resorts by Ms. Ritu Marya, Editor-in-Chief, Franchise India.    The Estate Awards have been conceptualized to celebrate the real estate players and their successes in the field of innovation, design, and excellence in the past year. Bringing together the key players in the market, the awards have played host to the Who’s Who of real estate industry in the past. Commenting on the win, Mr. Amarjit Bakshi, Managing Director, Central Park said, “We are both elated and humbled by the honour bestowed upon us at the Estate Awards. Such recog...

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