Real estate in Gurgaon, despite its poor civic infrastructure, remains in high demand largely due to necessity rather than preference.
GurgaonReal EstateCommutingInfrastructureTrafficReal Estate MumbaiNov 11, 2024
Gurgaon is popular for real estate due to its proximity to job opportunities and the availability of affordable housing, despite poor infrastructure.
The main challenges include severe traffic congestion, poor road conditions, and inadequate public transport, leading to long and stressful daily commutes.
The government has initiated projects to extend the Delhi Metro to Gurgaon and construct new expressways, but the pace of these projects has been slow.
Private companies can invest in sustainable and inclusive development practices, such as creating mixed-use spaces that integrate residential, commercial, and recreational areas.
Gurgaon's real estate market is booming, with both residential and commercial properties in high demand, driven largely by the necessity to live close to work.
A Pune court has allowed the police to take custody of the father of the minor accused in the Porsche crash case, in a cheating case registered against him at Kondhwa police station.
The Supreme Court has directed Sahara Group to deposit Rs 1000 crore in a separate escrow account within 15 days and allowed it to enter into a joint venture for developing its land at Versova in Mumbai.
WeWork India has leased over 1.75 lakh sq ft of office space in Bengaluru and Pune, adding to its growing portfolio of flexible workspaces.
Recent changes in insolvency rules by the Insolvency and Bankruptcy Board of India (IBBI) allow resolution professionals to hand over possession of properties to homebuyers even while the resolution process is ongoing. This move aims to provide relief to
India's overall exports in the fiscal year 2024-25 have surged past the $800 billion mark, marking a significant milestone in the country's economic journey. This growth is attributed to robust performance across various sectors, including manufacturing, pharmaceuticals, and information technology.
Crisil projects a 6.5-7.5% increase in cement demand for FY26, driven by a recovery in the real estate sector and increased government spending on infrastructure projects.