Real estate
Max Estates is going to build a Gurgaon residential property.
According to three sources with knowledge of the matter, Max Estates and Namo realtech private ltd have signed a Joint matter Agreement (JDA) to build a group housing project on the Dwarka Expressway in Gurgaon.
The property is adjacent to Krisumi Waterfall Residences, which is a joint venture between Indian auto component manufacturer Krishna Group and Japanese giant Sumitomo Corporation.
The Max Estates and Namo Realtech-formed independent SPV will include this project. In addition to being the managing director of Krisumi Corporation, Mohit Jain is a director of Namo Realtech.
In sector 36A in Gurgaon, Max Estates plans to create around 2.5 million square feet on a 15-acre plot of land. One of the individuals cited above stated, “The developer would receive one third of the saleable area and an advance payment of Rs 75 crore.
While Max Estates plans to launch its first residential property in Noida in the first half of 2023, this will be the company’s first residential project in Gurgaon.
The deal’s transaction advisor is CBRE. ET sent a letter to Max Estates and CBRE, but neither company replied.
Recently, the US-based mutual life insurance company New York Life Insurance Co. announced plans to invest Rs 290 crore for a 49% ownership share in a commercial project in Gurgaon that is being developed by Acreage Builders Private Limited, the SPV of Max Estates.
Max declared in September 2022 that it has begun the process of paying Rs 322.50 crore to acquire 100% of the SPV’s equity.
It completed the acquisition and onboarded New York Life on February 2 of this year.
The new SPV, which is authorized to develop a commercial property on 7.15 acres on Gurugram’s Golf Course Extension Road, will be 51:49 owned by both companies.
The company’s first commercial project in Gurgaon will be this one.
“With acquisitions this year (completed and in the pipeline), we will be ending FY 23 with a real estate portfolio of 7-8 million square feet diversified across the Delhi-NCR region, asset classes, and risk spectrum,” Sahil Vachani, CEO and MD of MaxVIL, just recently.
By the middle of CY 23, the company intends to start construction on a residential complex in Noida.
The business had stated in a release, “This will be a boutique development with a gross development value of Rs 1300 crore.”
The projected saleable area of this residential-focused, mixed-use project is one million square feet.
The company’s 9M FY23 consolidated revenue of Rs 850 million increased by 18% year over year.
Every year, Max Estates intends to build and buy one million square feet of upscale office space for both commercial and residential use.
The corporation has completed three land transactions in the past six months, paying Rs 850 crore for approximately 22 acres.
The remaining lots will be used for commercial construction, with one being developed for residential use.
Real estate
Which Indian cities will see the highest sales in 2024? Houses worth more than ₹ 1.5 crore.
According to property consultant ‘Anarock’, in the first half of 2024 Total houses sold in top Indian cities in the quarter 21% luxury houses (price above ₹1.5 crore) stay involved. Highest number of luxury houses in Mumbai (9,360) sold. After this Delhi-NCR (6,060), Hyderabad (5,755), Bengaluru (3,455), Pune (1,530), Chennai (530) and Kolkata (380) was ranked.
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What Is The MET City Project in Haryana? All You Need To Know
A 100 percent subsidiary of Reliance Industries, Model Economic Township Limited (METL) is the developer of MET metropolis, an integrated smart metropolis. Residents can ‘Walk to Work’ and take use of the city’s top-notch infrastructure.
The Haryana-based Reliance Model Economic Township (MET) had a prosperous FY 2022–2023 and is quickly emerging as the fastest-growing smart metropolis in North India. The city received seven global brands and 450 businesses in the last year. In addition, the city has broadened its horizons by selling more than 2,000 residential plots for single-family dwellings.
A 100 percent subsidiary of Reliance Industries, Model Economic Township Limited (METL) is the developer of MET metropolis, an integrated smart metropolis. Residents can ‘Walk to Work’ and take use of the city’s top-notch infrastructure.
According to ET Infra, the industrial sector of the city saw the addition of 76 new businesses that attracted investments totaling about Rs 1,200 crore and created the possibility of creating jobs for up to 8,000 people. These include Nihon Kohden from Japan, Boditech from South Korea, and Hamdard.
What is the MET City project in Haryana?
Reliance Industries Limited is the sole owner of MET City, an 8,000-acre Greenfield Smart city located in the Jhajjar area of Haryana, close to Gurugram. For its first phase, the city spent Rs 8,800 crore on land and infrastructure, and it has licences for 1900 acres. It has started two SCO projects, three residential parcel developments, and five industrial sectors.
Reliance MET City has drawn significant investments and created jobs for more than 25,000 people from different companies. Because the development project is situated along the KMP Expressway and has good access to several National Highways, such as NH-9, NH-48, NH-71, and NH-10, it has excellent connectivity to Delhi.
Additionally, this project is advantageously placed on SH 15-A, close to a rail freight terminal and the DFC route.
Thanks to its convenient location that provides easy access to the National Capital Region (NCR) and plug-and-play infrastructure, over 450 leading national and international firms have decided to establish their presence in MET City.
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Gurgaon’s Dwarka Expressway: A Crossroads of Urban Development and Real Estate Renaissance
The Dwarka Expressway, a busy piece of infrastructure in Gurgaon, is evidence of the city’s growth and interconnectedness. The importance and effects of the Dwarka Expressway on the real estate market and the general growth of the city will be covered in this article. Here are a few characteristics of residential real estate close to the Dwarka Expressway.
Real Estate Boom: With an increase in both residential and commercial developments, the highway has turned into a popular place to invest in real estate. Homebuyers and investors like Gurgaon’s Dwarka Expressway because of its proximity to the international airport and better connectivity.
Gateway to Prosperity: These residential developments act as a vital conduit, joining Dwarka and other important locations with Gurgaon. In addition to cutting down on travel time, this vital corridor creates new opportunities for both locals and enterprises.
Emergence of a Commercial Hub: Dwarka Expressway is becoming a commercial hub as a result of the increase in residential developments. Commercial buildings, retail centers, and corporate offices are springing up throughout the corridor to meet the varied demands of the expanding populace. This is another justification for the high demand for residential real estate close to the Dwarka Expressway.
Infrastructure Development: Improving the infrastructure is a prerequisite for the growth of Gurgaon’s residential real estate. Modern infrastructure, better road access, and planned urbanization all contribute to the region’s overall development.
Amenities and Livability: Developers are concentrating on building thriving communities with top-notch amenities as residential complexes sprout up along the residential properties. In addition to housing, offering people a first-rate lifestyle is also emphasized.
Problems and Solutions: The Dwarka Expressway has problems like traffic jams and environmental issues despite its quick expansion. Together, developers and city planners are tackling these problems and guaranteeing sustainable growth.
Prospects for the Future: The Dwarka Expressway’s development is headed in a positive direction. The area is expected to develop into a comprehensive urban center that promotes economic growth and offers a contemporary standard of living as more projects are completed and the infrastructure changes. The demand for residential real estate in this area is rising as a result of all these causes.
Innovative initiatives may be seen in the real estate ventures of the well-known company Signature Global along the Dwarka Expressway. These well-located complexes, which have modern facilities and well thought-out infrastructure, revolutionize urban living. Each Signature Global project demonstrates the company’s dedication to excellence and offers inhabitants a harmonic combination of comfort, connectedness, and a vibrant sense of community.
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Guess What? Your Dream Amenities Just Came True at Krrish Provence Estate!
Forget daydreaming about the perfect amenities – they’re finally here at Krrish Provence Estate! Picture this: stepping into a world where every whim is catered to, relaxation beckons around every corner, and adventure awaits just outside your door. That’s what awaits you at this incredible residential haven in Gurgaon, designed to elevate your lifestyle to unimaginable heights.
But what exactly makes Krrish Provence Estate so special? Buckle up, because we’re about to unveil the dream amenities that will leave you speechless:
Clubhouse Extravaganza: Think state-of-the-art gym, rejuvenating spa, indoor games room, private theatre, and even a dedicated dance studio – all rolled into one world-class clubhouse! Get ready to sweat, de-stress, have fun, and unleash your inner performer, all without stepping outside.
Tranquil Oasis: Need a break from the hustle and bustle? Immerse yourself in the serene beauty of lush greenery, calming water bodies, and meticulously landscaped gardens. Take a dip in the pool, unwind in the Zen meditation garden, or indulge in reflexology therapy – pure bliss awaits!
Active & Playful: Calling all fitness enthusiasts and playful souls! Unleash your energy on the tennis court, basketball court, skating rink, putting green, or even the dedicated children’s play area. Whether you’re a seasoned athlete or just starting out, there’s something for everyone to keep fit and have a blast.
Unwind & Entertain: Imagine hosting unforgettable gatherings on the exquisite party lawn, enjoying movie nights under the stars in the open-air theatre, or simply chilling by the mesmerizing water fountain. Krrish Provence Estate lets you entertain in style and unwind in a truly breathtaking setting.
Beyond the Ordinary: Looking for something unique? Krrish Provence Estate goes above and beyond with a dedicated pooja room, a fruit orchard, a charming gazebo, and even a bamboo court, adding a touch of exclusivity and cultural enrichment that you won’t find anywhere else.
Questions Answered:
Are these amazing amenities accessible to everyone?
Yes! Most amenities are yours to enjoy as part of your living experience. For specific details on certain facilities, just ask the estate management.
What about safety and privacy?
Your well-being is their top priority! Krrish Provence Estate boasts advanced security measures, including CCTV surveillance, controlled access points, and professional security personnel, so you can relax knowing you’re safe and sound.
Is there something for nature lovers?
Absolutely! Breathe in the fresh air amidst extensive green spaces, landscaped gardens, and even a fruit orchard, offering a refreshing escape from the city and a chance to reconnect with nature.
What kind of apartments can I choose from?
Live the dream in spacious 4 and 5 BHK apartments, meticulously designed for luxury living. Explore specific layouts and sizes on https://provenceestate.in/ or call 9810056546 for more information.
Ready to make your dream amenities a reality? Krrish Provence Estate isn’t just about fancy features; it’s about embracing a lifestyle of comfort, convenience, exclusivity, and endless possibilities. Visit https://provenceestate.in/ or call 9810056546 to explore this incredible opportunity and make your dream home a reality!
Remember, this is just a taste of the incredible lifestyle waiting for you at Krrish Provence Estate. Don’t wait any longer – start living your dream today!
Real estate
Guest Room Vastu Principles for a Welcoming and Positive Space
Having a guest room is a luxury that many people enjoy. It allows us to host our loved ones and friends in comfort and style. But did you know that the placement of your guest room can have a big impact on the energy of your home?
According to Vastu Shastra, the ancient Indian system of architecture, the location and design of your guest room can affect the overall well-being of your guests and your family. Here are some key Vastu principles for guest rooms:
- The best direction for a guest room is the northwest. This direction is associated with the element of air, which is said to promote positive energy and good health.
- The bed should be placed in the southwest corner of the room. This will help to ensure that your guests get a good night’s sleep and feel refreshed in the morning.
- The head of the bed should be facing south or east. These directions are associated with prosperity and good fortune.
- There should be no beams or pillars directly above the bed. This can create negative energy and disrupt your guests’ sleep.
- The windows should be placed on the east or north side of the room. This will allow fresh air and sunlight to enter, which will promote positive energy.
- The walls should be painted in light, airy colors. This will help to create a sense of calm and relaxation.
- The furniture should be made of natural materials, such as wood or bamboo. This will help to connect your guests with the natural world.
- The room should be kept clean and tidy. This will create a sense of peace and order.
By following these Vastu principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, and that they leave your home with positive memories.
In addition to the above principles, here are some other tips for creating a positive guest room space:
- Use soft lighting to create a relaxing atmosphere.
- Add plants to the room to bring in natural energy.
- Place a water feature in the room to promote good circulation.
- Play calming music in the background.
- Offer your guests a welcome gift, such as a fruit basket or a bottle of wine.
By following these tips, you can create a guest room that is both inviting and uplifting. Your guests will appreciate your thoughtfulness, and they will leave your home feeling refreshed and rejuvenated.
Guests Room Vastu Principles To Follow
Guests from different cultures and environments may bring in different energies. It is important to design your guest room in a way that creates a healthy atmosphere for everyone. Here are some principles to follow:
- Choose a location that is peaceful and quiet. Avoid placing the guest room near noisy areas of the house, such as the kitchen or the garage.
- Use light, airy colors on the walls. These colors will help to create a sense of calm and relaxation.
- Add plants to the room. Plants help to purify the air and promote positive energy.
- Place a water feature in the room. The sound of running water is said to be calming and relaxing.
- Keep the room clean and tidy. A clean and tidy room will help to create a sense of peace and order.
By following these principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, regardless of their cultural background or energy level.
Here are some additional tips for creating a healthy guest room atmosphere:
- Use soft lighting to create a relaxing atmosphere.
- Play calming music in the background.
- Offer your guests a welcome gift, such as a fruit basket or a bottle of wine.
- Ask your guests about their preferences for the room, such as the temperature or the type of bed.
By following these tips, you can create a guest room that is both inviting and comfortable for everyone.
Build it in the northwest corner as per Guest Room Vastu
When planning a guest room in your house, you should be particular about the direction. The southwest corner is not ideal for a guest room, as it is considered to be the best direction for the head of the family. The northwest is the most appropriate direction for a guest room, but you can also consider the south direction, as long as you consult a Vastu expert first. The southeast corner is also a good option.
According to Vastu, the cabinets should be placed on the south or west wall of the guest room. The correct directions for the guest room door are:
- Northeast door facing north or east
- Northwest door facing west
- Southeast door facing south
By following these Vastu principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, and that they leave your home with positive memories.
Here are some additional tips for creating a guest room that is in alignment with Vastu principles:
- Use light, airy colors on the walls.
- Add plants to the room.
- Place a water feature in the room.
- Keep the room clean and tidy.
- Avoid placing the guest room near noisy areas of the house.
- Ask your guests about their preferences for the room, such as the temperature or the type of bed.
Real estate
Housing Prices Rise in 43 Cities in March Quarter of FY23
The National Housing Bank (NHB) has released its latest housing price index, which shows that housing prices rose in 43 cities in the March quarter of FY23. The index, which measures the average price of residential properties across India, rose by 1.5% in the March quarter.
The rise in housing prices was led by eight key primary residential markets, namely Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. These markets saw an average increase of 2.1% in housing prices in the March quarter.
The rise in housing prices is being attributed to a number of factors, including:
- Increased demand: The demand for housing has been on the rise in recent months, driven by factors such as rising income levels, lower interest rates, and the government’s push for affordable housing.
- Limited supply: The supply of housing has been limited in recent years, due to factors such as delays in land acquisition and approvals.
- Rising input costs: The cost of construction materials has been rising in recent months, which has led to an increase in the cost of housing.
The rise in housing prices is expected to continue in the coming months, but the pace of growth is likely to moderate. The NHB has forecast that housing prices will rise by 5.5% in FY23.
The rise in housing prices is a positive development for the real estate sector, but it could also pose a challenge to first-time homebuyers. Homebuyers should carefully consider their financial situation before making a purchase, and they should also be aware of the risks associated with buying a home in a rising market.
Here are some of the key takeaways from the NHB report:
- Housing prices rose in 43 cities in the March quarter of FY23.
- The average increase in housing prices was 1.5%.
- Eight key primary residential markets saw an average increase of 2.1% in housing prices.
- The rise in housing prices is being attributed to increased demand, limited supply, and rising input costs.
- The NHB has forecast that housing prices will rise by 5.5% in FY23.
What does this mean for homebuyers?
The rise in housing prices is a positive development for the real estate sector, but it could also pose a challenge to first-time homebuyers. Homebuyers should carefully consider their financial situation before making a purchase, and they should also be aware of the risks associated with buying a home in a rising market.
Here are some tips for homebuyers in a rising market:
- Do your research and understand the local real estate market.
- Get pre-approved for a mortgage before you start shopping for a home.
- Be prepared to act quickly when you find a home that you like.
- Be realistic about your budget and don’t overstretch yourself.
- Be prepared to compromise on some of your requirements.
The rise in housing prices is a good sign for the Indian economy, but it is important for homebuyers to be aware of the risks involved before making a purchase.
business
DLF Chairman Rajiv Singh is India’s wealthiest real estate businessman: Report.
New Delhi, May 23 (PTI) DLF Chairman Rajiv Singh has retained his position as the richest real estate tycoon in India, with a net worth of Rs 59,030 crore, according to the Grohe-Hurun India Real Estate Rich List 2023.
The report, which was released on Tuesday, ranked 100 people from 67 companies and 16 cities. It found that the wealth of 61% of the people on the list increased, while 36 saw a decrease in assets. Additionally, 25 new faces joined the list.
Mangal Prabhat Lodha of Macrotech Developers (Lodha Group) and his family were ranked second on the list, with a net worth of Rs 42,270 crore. Arjun Menda and family of Bengaluru-based RMZ Corp secured the third spot with a net worth of Rs 37,000 crore. Chandra Raheja and family of K Raheja Corp secured the fourth position with a wealth of Rs 26,620 crore.
Anas Rahman Junaid, managing director and chief researcher, Hurun India, said that the rise of new entrepreneurs in the real estate sector is evident from the fact that 25% of the people on the list are first-time entrants.
“The real estate sector is one of the most important sectors in the Indian economy, and the rise of new entrepreneurs is a positive sign for the sector,” Junaid said. “These entrepreneurs are bringing new ideas and innovation to the sector, which is helping to drive growth.”
The report also found that Maharashtra and Gujarat accounted for 40% of the wealth on the list. The top 10 cities on the list were Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Kolkata, Chennai, Ahmedabad, Lucknow, and Gurgaon.
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Indian Women Are Investing in Real Estate: Here’s Why
Women are becoming increasingly important to real estate developers in India. In the past, women were primarily seen as decision-influencers when it came to buying a home, but today they are making their own decisions and taking ownership of their financial future.
There are a number of reasons for this shift. First, women are entering the workforce in greater numbers and earning higher salaries. This gives them more financial independence and the ability to make their own investment decisions. Second, women are marrying later in life and having fewer children. This means that they have more disposable income and can afford to buy a home sooner. Third, the government and banking system are offering a number of incentives to encourage women to become homeowners.
As a result of these factors, the number of women buying homes in India is on the rise. A recent survey by ANAROCK Property Consultants found that 57% of women respondents prefer real estate as an investment asset class, while 28% prefer the stock market, 11% prefer fixed deposits, and 4% prefer gold.
Developers are taking note of this trend and are actively targeting their marketing campaigns to women. They are also working with banks to offer lower interest rates and other incentives to women borrowers.
The rise of women homeownership is a positive trend for India. It is helping to empower women and give them more financial independence. It is also helping to boost the economy by increasing demand for housing.
Benefits of Homeownership for Women
There are many benefits of homeownership for women, including:
- Financial security: Homeownership is a long-term investment that can provide financial security for women in their retirement years.
- Independence: Homeownership gives women a sense of independence and control over their lives.
- Stability: Homeownership can provide stability and security for women and their families.
- Prosperity: Homeownership can lead to prosperity for women and their families by providing a sense of community and belonging.
How to Buy a Home as a Woman
If you are a woman who is considering buying a home, there are a few things you can do to prepare:
- Get pre-approved for a mortgage: This will give you an idea of how much you can afford to borrow and will make the home buying process go more smoothly.
- Save up for a down payment: A down payment of at least 20% will help you avoid paying private mortgage insurance (PMI).
- Do your research: Learn as much as you can about the home buying process and the different types of mortgages available.
- Get help from a real estate agent: A good real estate agent can help you find the right home and negotiate the best price.
Buying a home is a big decision, but it can be a very rewarding one. With careful planning and preparation, women can achieve the dream of homeownership.
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In June, Prime Minister Modi to inaugurate Gurugram section of the much-awaited Dwarka Expressway
The Gurugram section of the Dwarka Expressway is expected to be officially inaugurated by Prime Minister Narendra Modi in June. However, the start date for the project has not yet been determined. Before the opening, Union Minister for Road Transport and Highways, Nitin Gadkari, will visit the expressway. This project is Prime Minister Modi’s dream project and a plan has been devised to have him open the Gurugram section of the expressway. The authorities aim to complete the whole cloverleaf flyover at the Kherki Daula toll plaza on the Delhi-Jaipur Motorway, as well as the Gurugram segment of the Dwarka Expressway, by May 15.
The Dwarka Expressway is a 23 km long project, worth Rs 9,000 crore, spanning 18.9 kilometres in Gurugram and 10.1 km in Delhi. About 4 kilometres of the project is currently under construction. Of the 23 km, 3.6 km will be covered by the Dwarka Motorway to Palam Airport tunnel. Furthermore, an underpass will be constructed to connect the Delhi-Gurugram Motorway to the Dwarka Motorway in Mahipalpur.
This week, senior district administration officials, along with officials from the National Highway Authority of India (NAHI), will visit the Dwarka Motorway. The Northern Peripheral Road, commonly known as Dwarka Expressway, starts from Shiv-Murti on NH-8 (Delhi-Gurugram expressway) and ends near Kherki Daula Toll Plaza, through Dwarka Sector 21, Gurugram border, and Basai. It is expected to ease traffic on the Delhi-Gurgaon Expressway and other major roads.