Gurgaon Drives NCR’s Luxury Real Estate Surge with Over ₹1 Lakh Crore in Developments
Gurgaon has firmly established itself as the top luxury real estate market in the National Capital Region (NCR), driven by an influx of high-end residential projects and robust demand from affluent buyers. According to a recent CBRE report, sales of properties priced over Rs 4 crore surged by 38% from January to September 2024 across major Indian cities, with Delhi-NCR taking the lead. Gurgaon’s growing appeal is supported by extensive infrastructure upgrades and a rising interest in premium housing.
Top developers like DLF, TARC, and Max Estates have rolled out significant projects in Gurgaon, while M3M, Smartworld, and Paras Buildtech are also advancing their luxury ventures across the city. DLF’s latest offering, Dahlias, represents one of the largest launches, with units starting at 9,500 sq. ft., helping the company maintain its substantial 25% share in the ultra-luxury market over the past five years.
In line with Gurgaon’s demand for upscale housing, Smartworld Developers recently achieved record sales, selling all 900 units of its high-end residential project, Smartworld Sky Arc, within 36 hours of RERA approval. “The Gurugram real estate market is already heating up,” said Vivek Singhal, CEO of Smartworld Developers, who pointed to Golf Course Extension Road and Dwarka Expressway as key hotspots for affluent buyers.
The demand is also fueling a trend for exclusive amenities and spacious condominiums, with developers noting a significant rise in buyers’ expectations. Kunal Rishi, COO of Paras Buildtech, emphasized, “We have recently witnessed a strong surge in demand for luxury condominiums, particularly in Gurugram, with buyers increasingly inclined toward exclusive properties that offer a superior lifestyle.”
The festive season has further intensified the market’s growth, a point underscored by Shashank Vashishtha, Executive Director of Exp Realty India. He remarked, “The festive season has bolstered demand, with many buyers eager to invest in luxury projects during this auspicious time.” He noted that Gurgaon’s strategic layout, social infrastructure, and thriving commercial sector have positioned it as one of Northern India’s most attractive realty destinations, especially for NCR’s high-net-worth individuals.
As Gurgaon’s luxury real estate market strengthens, experts forecast continued growth through 2025, driven by expanded infrastructure, increased connectivity, and a sustained influx of high-end buyers. The city’s development trajectory is expected to reinforce its dominance in NCR’s premium housing sector well into the future.
Signature Global Partners with Capacit’e, Awarding RS 1203 Crore for ‘Titanium SPR’ Construction
New Delhi, 28th October,2024: Signature Global, among one of the India’s leading real estate developers, announced that it has awarded the construction contract for its premium residential project, Titanium SPR at Sector 71, Gurugram. The contract worth Rs 1203 crore has been entrusted to the renowned construction company, Capacit’e Infraprojects Limited.
Spanning across 14.382 acres, Titanium SPR has a total 608 units comprising of 3.5 BHK and 4.5 BHK. Being developed as a two-phase project with a total sales potential area of 3.7 million sq. ft. the first phase comprises 2.1 million sq. ft. was launched in the month of June 2024. The project has garnered an overwhelming response achieving a remarkable pre-sale numberof over₹2700 crore.
Mr. Pradeep Aggarwal, Chairman and Whole-Time Director of Signature Global, said, “Titanium SPRexemplifies our commitment to providing premium living experiences. Despite being one of our first premium projects, it has garnered tremendous response from customers, and we are committed to uphold the highest standards of quality throughout its development. By partnering withCapacit’e Infraprojects, we are confident that Titanium SPR will emerge as a landmark in the Delhi NCR region, offering modern homebuyers the perfect blend of luxury, comfort, and convenience.”
Strategically located in Sector 71, Gurugram alongside Southern Peripheral Road (SPR), Titanium SPR is an iconic development crafted to redefine premium living. The project would offer 26-feet and 28-feet-long decks, along with triple height entrance lobby and 7 lagoon pools designed by renowned international architects, such as DPC from Singapore, MPFP from the USA, Confluence, NMP Design, Senelac Consultants, and Vintech Consultants.
Inspired by Singaporean architecture, Titanium SPR offers features 40-story high-rise towers offering breath-taking cityscape views, with layouts ensuring no balconies overlook each other. The elevated green spaces, such as the sky garden on the 30th floor, and sky terrace on the 40th floor provide serene retreats with panoramic vistas. The project includes over 55 exclusive amenities, from lagoon pools, sensory gardens, a Miyawaki forest, and state-of-the-art recreational facilities. It also hosts Club Elevate that span across 57,000 sq ft with a double-height entry, a multipurpose hall with a pool facing view, fine dining options, a fully-equipped gym, a Zumba studio, spa and sauna facilities, an on-site salon, a co-working space, and other community spaces for its residents, creating a resort-like ambiance within the residential enclave.
Southern Peripheral Road is widely viewed as one of the most promising locations of National Capital Region. At sector 71 Gurgram which is alongside SPR, Signature Global holds prime land parcels at having a developable potential of 17 million sq. ft.
Syntel by Arvind Unveils NEOS TeleStar IP PBX System in Mumbai and Delhi: A Revolutionary Leap in Unified Communications
Mumbai, India – October 26th, 2024 – Syntel by Arvind, a leader in next-generation communication solutions, proudly announced the launch of its innovative NEOS TeleStar IP PBX system during an exclusive event at The Orchid Hotel in Mumbai on 15th October 2024, followed by launch in Delhi on 18th October 2024 at Crowne Plaza, marking a significant milestone in the evolution of business communications.
The NEOS TeleStar is a state-of-the-art IP PBX system tailored to meet the demands of modern businesses. It offers a robust, scalable, and feature-rich solution that seamlessly integrates traditional and VoIP telephony. With scalability ranging from 16 to 670 ports (IP + TDM), NEOS TeleStar is designed to grow alongside businesses, ensuring seamless connectivity and enhanced communication efficiency.
Key Features of NEOS TeleStar:
● Expansion Capacity: Supports 16 to 670 ports (IP + TDM).
● Web-based Programming Interface: Enables remote system configuration and monitoring, minimizing downtime.
● Security: Enhanced with AES-256 bit encryption and TLS/sRTP for secure communications.
● Advanced Functionality: Includes inbuilt voice logger, voicemail, auto-attendant, conferencing, and call routing.
● Seamless Communication Clusters: Connects up to 127 systems over IP for centralized management across multiple locations.
● High Storage Capacity: Capable of storing up to 12,000 minutes of recordings.
The launch of NEOS TeleStar has bought industry leaders and partners together giving them a firsthand experience on how NEOS TeleStar is set to revolutionize business communications. Commenting on the launch Mr. Paresh Shetty, CEO of Syntel by Arvind says “NEOS TeleStar represents a new era of Unified Communications. With its future-proof design, NEOS TeleStar is positioned to meet the evolving needs of businesses in today’s fast-paced environment. It empowers businesses to enhance productivity, reduce costs, and streamline communication processes.”
About Syntel by Arvind
Syntel by Arvind is part of Arvind Limited, one of India’s most respected conglomerates, with over 30 years of experience in Enterprise Telephony and Unified Communication solutions. The company has a strong presence in Enterprise Communication, Network Infrastructure, Audio-Visual System Integration, and Security & Surveillance solutions.
Stunning Growth: Residential Supply in Noida Rises 50% in Just 30 Days, Reports Magicbricks
Noida, October 25, 2024: With the festive season nearing, the Indian real estate market is experiencing a surge in both residential demand and supply. According to Magicbricks, India’s leading real estate portal, Noida’s residential inventory increased by 50% in just one month, driven by heightened interest from potential buyers.
Sector 75 emerged as the top supply hotspot, with a 20% increase and prices reaching INR 13,113 psf, followed by Sector 150 with a 10.55% rise at INR 11,875 psf, and Sector 128 with an 8.7% increase to INR 14,120 psf.
To tap into the season, developers in Noida, including Ajnara Homes, Mahagun Mywoods, and Exotica Dreamville, have rolled out special offers to attract homebuyers. Ranging from discounts, cashback options, and flexible payment plans. Additionally, some projects may offer benefits like zero stamp duty, no GST, or free modular kitchen installations to make the home-buying process more appealing during the festive period.
Magicbricks data reveals the city’s average residential rate at INR 11,625 psf, with prices varying across property types: builder floors at INR 3,800 psf, multistorey apartments at INR 10,100 psf, residential houses at INR 17,000 psf, and luxurious villas at INR 18,900 psf.
Notably, demand for under-construction properties has surged, driving prices up by 69% YoY, from INR 7,547 psf in Q3 2023 to INR 12,758 psf in Q3 2024.
Magicbricks is India’s No.1 property site
As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.
With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.
Sushma Group to Enhance Living Standards with 500+ Possessions in Upcoming FY 24-25 Projects
Sushma Group, a leading name in Punjab’s real estate market, is all set to deliver 500+ more possessions in the FY-24-25 across its four premium residential projects : Sushma Valencia, Sushma Grande NXT, Sushma Joy Nest MOH 1, and Sushma Joy Nest ZRK 1. Having already delivered 300+ homes in this FY the group is geared to mark milestones and underscore its commitment to delivering quality homes in key locations across Zirakpur and Mohali.
Strategically located on the 200-ft-wide PR-7 Airport Ring Road, Sushma Valencia offers exquisite 3BHK villa floors featuring the timeless elegance of classic Spanish architecture. As a part of the region’s largest organized mega township, the project is distinguished by its expansive design, with more than 45% open green spaces, lush lawns, and up to 60-foot-wide internal roads with service lanes. Villa floors are equipped with elevators for enhanced comfort. The project is adjacent to a renowned school and is within close proximity to a proposed hospital, international food chains, hotels, retail outlets, and an entertainment hub, making it a perfect blend of luxury and convenience.
Mr. Aggarwal, a satisfied buyer of Sushma Valencia, expressed, “We are extremely grateful to Sushma Group; through them, we found our dream home at Sushma Valencia. The quality construction and premium amenities used in the project gave us peace of mind.”
Next comes Sushma Grande NXT, an extension of Sushma Chandigarh Grande. Strategically located on the Chandigarh-Delhi National Highway near Best Price, Zirakpur, it offers seamless connectivity to Chandigarh, Punjab, Himachal Pradesh, Haryana, and New Delhi. Spread over 3.5 acres of land, the project features G+12-storey apartments equipped with exclusive amenities like Power Backup, a Kids’ Play Area, a Kids’ Club, Flower Gardens, etc.
Sushma Joy Nest MOH 1, located on the 200-foot-wide Airport Ring Road PR7 near Aerocity, Mohali, offers the community a modern lifestyle. The project offers 2BHK and 3BHK apartments across 13 towers equipped with all the amenities needed for a modern life. Buyers can enjoy a range of amenities designed for a healthy and active lifestyle, including an operational clubhouse with a swimming pool, an open fitness center, a basketball court, a skating rink, and a jogging track. Sushma Joynest MOH 1 is the perfect blend of privacy, security, and recreation, providing residents with everything they need for a modern, peaceful, and enjoyable life.
Sushma Joy Nest ZRK 1 is designed to provide affordable yet luxurious 3BHK homes. As the only residential project connecting both the National Highway and the International Airport road, it offers unparalleled accessibility. The project features a G+5-storey with lift facilities and a fully operational clubhouse, making it an attractive option for families looking for comfortable living in a well-connected location.
Prateek Mittal, Executive Director, Sushma Group, said, “We are extremely excited about constantly delivering happiness across our projects. Through these developments, we are committed to delivering exceptional living spaces that combine modern architecture with convenience and comfort. This announcement aligns with our dedication to curating premium projects with superior craftsmanship.”
Over the past 16 years, Sushma Group has successfully delivered 15 projects, reinforcing its commitment to the highest levels of customer satisfaction. With projects spanning Zirakpur, Kasauli, Mansa, Barnala, and Ludhiana, Sushma Group is renowned for offering uncompromised quality. Each project features premium amenities, expansive spaces, and strategic connectivity, ensuring high rental yields for investors while providing the perfect balance of comfort, convenience, and connectivity for residents.
Festive Real Estate Market Soars: Rs 350 Crore in Sales Recorded Over Dussehra Weekend
MUMBAI, 23rd October 2024: The Guardians Real Estate Advisory, a prominent name in the Indian real estate market, has accomplished another outstanding milestone, recording over Rs 350 crore in sales during the Dussehra weekend. This achievement follows the company’s previous record-breaking success with Akshaya Tritiya when it generated Rs 515 crore in sales. The consistent success reaffirms the strong demand and positive buyer sentiment during the festive season.
Dussehra, celebrated for its themes of victory and renewal, is regarded as an auspicious time for making significant investments, particularly in real estate. This festival symbolises the triumph of good over evil, inspiring many to embrace new beginnings. As families and individuals seek to enhance their lives and secure their futures, purchasing property during this period aligns with cultural traditions and aspirations.
Jayesh Rathod, Director and Co-founder of The Guardians Real Estate Advisory, expressed his pride in the accomplishment, stating, “Festivals in India have always been an auspicious time for buying a home, and this Dussehra has been no different. The strong response we have seen is a reflection of our commitment to delivering quality, trust, and excellence to our developers and customers. We are proud of the trust our customers place in us and look forward to continuing this momentum.”
The Guardians Real Estate Advisory’s success during both Dussehra and Akshaya Tritiya has established a solid foundation for the rest of the festive season. The company continues to offer exceptional real estate solutions and strives to create meaningful value for its customers.
Saurabh Phull, Chief Operating Officer of The Guardians Real Estate Advisory, added, “The sales figures from this Dussehra weekend highlight the dedication and effort of our entire team. We are proud to have exceeded expectations and to have contributed to the thriving real estate market this festive season. Our focus remains on providing unmatched service to our clients, ensuring that they continue to put their trust in us.”
The Guardians Real Estate Advisory had also made an impressive achievement on Gudi Padwa by generating Rs 262 crore in sales earlier this year. As the company continues to grow, it remains steadfast in delivering excellent service, offering innovative solutions, and consistently creating meaningful experiences for its clients.
Golden Abodes Broadens Luxury Real Estate Reach with New Projects in Goa
India – Golden Abodes, a real estate developer with an integrated prime residential and commercial offering has announced the launch of two remarkable projects in Goa: Anantam Signature in Dona Paula and Avisa in Goa Velha. Both developments aim to provide exceptional living experiences in scenic locales, combining luxury, comfort, and natural beauty. Golden Abodes is also unveiling Anantam Signature, an exclusive luxury project in Dona Paula. This development epitomizes coastal living, featuring extravagant sea-view apartments that provide 180-degree panoramic views of the Arabian Sea. With over 40 amenities spread across 70,000 sq. ft., Anantam Signature seamlessly blends luxury with stunning natural surroundings.
“We believe Anantam Signature will set a new benchmark for luxury real estate in Goa,” remarked Amar Shah, Co-founder of Golden Abodes. “Our goal is to create an unparalleled living experience that combines convenience, exclusivity, and the beauty of nature. This project is for individuals and families who seek a home that reflects their aspirations while ensuring a solid investment for the future.”
Prices for Anantam Signature apartments range from making it a sought-after choice for discerning buyers. The development will feature a host of ultra-premium specifications, including home automation, and top-of-the-line finishes like Italian marble flooring and Toto sanitary fittings. Completion is expected by December 2025, with flexible payment plans that cater to the needs of buyers. Avisa, strategically located along the serene Siridao River, offers residents breathtaking views and a tranquil environment. Designed to provide a unique blend of comfortable living and community amenities, Avisa spans 10 acres of lush landscape, with more than 70% open space dedicated to recreational use. The project features over 25 lifestyle amenities, ensuring a fulfilling lifestyle for families and individuals alike.
“Our vision with Avisa was to create a residential community that allows residents to immerse themselves in Goa’s rich culture while enjoying modern amenities,” said Gaurav Mittal, Founder of Golden Abodes. “We are committed to enhancing the quality of life for our residents, and Avisa exemplifies this promise with its exceptional design and natural beauty.”
Prices for apartments at Avisa start from making it an attractive option for buyers seeking an affordable yet premium living experience. The project is scheduled for completion by December 2026, and a straightforward booking process ensures that prospective buyers can secure their future homes with ease—requiring just 20% on booking and the remainder linked to construction milestones. Both projects reflect Golden Abodes’ commitment to delivering exceptional quality and thoughtful design in Goa’s vibrant real estate market. With Anantam Signature and Avisa, the company aims to enhance the living experience for residents while celebrating the unique cultural and natural heritage of Goa.
Housr eyes Rs150 Crore revenue with 100 properties across seven cities by March 2025
New Delhi, 22 October 2024: Housr, a rapidly growing luxury co-living brand, has set its sights on expanding its footprint. Along with gearing up for new launches in its existing cities, the company plans to add over 3000 beds in about 30 new properties across seven-seven cities, pushing the number of beds to over 8000 in 100 properties by March 2025.
The company is further planning to explore opportunities in new markets, aiming to hand over 11-12 properties currently in the pipeline along with foraying into new markets, including Chennai & Chandigarh, over the next 3-4 months. With an average occupancy rate between 95-98%, Housr has been quickly adapting to the dynamic market trends.
Sharing more details about the expansion spree, Deepak Anand, Co-founder & CEO, Housr said, “On average, we deliver 3-4 properties per month across our existing markets, and that helps us to maintain a steady pace towards our goal of 100 properties by the end of this fiscal year. Before the pandemic hit us all, we saw significant demand for twin-sharing rooms. However, post-pandemic, the preference has shifted dramatically. We saw exponential demand for single occupancy and, over time, for even more private spaces. At present, we are witnessing the highest demand for 1 BHK units, which is why we are heavily investing in creating new inventory to meet this growing need.”
Talking about Housr’s growth in the past two years, Deepak Anand added, “In the last two years, Housr has tripled in size, driven by both organic and inorganic growth. We’ve seen the market evolve significantly, with tenants willing to pay more for better amenities and larger living spaces. As a result, we’ve transitioned from offering premium to super-premium products to match the demand. We are targeting high-growth areas like Golf Course Road and South City in Gurugram, HSR Layout in Bangalore, and Kondapur and Madhapur in Hyderabad, where the demand for ultra-luxury accommodations is soaring,”.
Housr’s super-premium projects have also attracted corporate clients, who lease entire buildings for their employees. “There is a substantial potential in the B2B market that no other co-living player has tapped into at this level; companies that used to house employees in luxury hotels are now turning to us for long-term stays, which has become an additional revenue stream for our business.” As mentioned by Anand.
On its track to achieve an annual run rate of ₹150 Crore, the company is currently operating at an annual run rate of ₹100 Crore and aims to double this figure over the next 12-15 months. Housr’s portfolio has over 5,000 operational beds across 74 properties in five cities, including Gurugram, Bangalore, Hyderabad, Pune and Vizag.
Bring Home the Essence of Mahabaleshwar This Diwali with Courtyard by Marriott Mahabaleshwar’s Exclusive Hampers
Mahabaleshwar, 22nd October 2024: This Diwali, elevate your celebrations with Diwali by Marriott hampers that not only bring the authentic flavors of Mahabaleshwar but also embody the luxury and festive spirit Marriott is known for. Courtyard by Marriott Mahabaleshwar has carefully curated exclusive hampers featuring locally sourced ingredients and artisanal treats that reflect the region’s unique essence. These hampers are more than just gifts – they offer a true taste of tradition, crafted with the finest local produce, to make your Diwali celebrations even more special.
A Celebration of Local Flavors with Marriott’s Signature Touch
Each hamper is thoughtfully designed to capture the heart of Mahabaleshwar, blending the richness of traditional Diwali delights with locally sourced ingredients, all enhanced by Marriott’s signature attention to detail. Whether you’re celebrating with family, friends, or colleagues, these Diwali by Marriott hampers bring a touch of authenticity and warmth to the festive season, making them the perfect gift to share the joy of Diwali.
Discover Our Exclusive Festive Hampers
Choose from a varied range of hampers featuring artisanal Indian mithais and delicacies like Bajra Bites, Millet and Seed Mix, Chilli Guava Bar, Chocolate Berry Bar, Nutberry Granola, Beetroot Chips, Almond Butterscotch Laddu, Jowar Butter Cookies, and more. Each hamper reflects Courtyard by Marriott Mahabaleshwar’s dedication to local ingredients and Marriott’s luxurious festive offerings.
The Perfect Gift Crafted with Care
Each Diwali by Marriott hamper is a reflection of Courtyard by Marriott Mahabaleshwar’s commitment to quality and authenticity, blended with the festive opulence Marriott is known for. Whether gifting family, friends, or colleagues, these hampers combine festivity, flavor, and Marriott’s touch of elegance, making every occasion memorable.
To make your Diwali extra special, place your order with Mr. Deepraj Vanju, Food & Beverage Manager, at +91 96997 68377 or via email at deepraj.vanju@courtyard.com.
This Diwali, gift the authentic taste of Mahabaleshwar with the elegance of Diwali by Marriott.
Amazon Great Indian Festival 2024: Amazon Business Reports 134% growth on Corporate Gifting Store
Bengaluru, October 22, 2024: The festive season in India marks a crucial period for businesses to strengthen relationships with channel partners, recognize employees, and celebrate with colleagues. Addressing this vital corporate need, a dedicated Corporate Gifting Store, launched by Amazon Business – India’s leading B2B online marketplace – featuring over 8,500 GST-enabled products with a wide range of gifting options, has resonated strongly with mixer grinders, and juicers emerging as the most gifted items showing 5.5X growth YoY followed by other kitchen ware like cookers which saw 3X growth.
Suchit Subhas, Director, Amazon Business, said, “The remarkable growth of our Corporate Gifting Store this festive season highlights the rapid adoption of e-procurement across India. This surge reflects both the convenience of online gifting and the evolving needs of modern businesses. It’s humbling to see how over the years, we have been able to build Amazon Business as an online B2B marketplace that has not just eliminated geographical barriers and connected sellers to buyers across the length and breadth of the country and serviced 100% of the nation’s pin codes, but also enabled seamless transactions across India’s dynamic business landscape.”
Kitchen appliances – The most gifted category
Mixer grinders and juicers emerge as the most gifted item showing 5.5X growth YoY followed by other kitchen ware like cookers which saw 3X growth.
Headphones emerge as the most popular tech gifting item
Headphones are leading the corporate gifting trend. Speakers have emerged as the breakout category, witnessing a 6X surge in orders compared to last year. Laptop bags was another top selling category with 2.5X YoY growth.
Snacks and Sweets gift hampers is another popular category
Chocolates is the most gifted category with 1.7X YoY growth. Dry fruit hampers saw 3.7X YoY growth and Tea and Coffee hampers also emerged as gifting items with 2X YoY growth.
Connecting sellers to customers: From Kerala to J&K & Gujarat to Nagaland
From home decor crafted by artisans in Ernakulam, Kerala, finding its way to eager buyers and recipients in Udhampur, Jammu & Kashmir; to an array of kitchenware items—including elegant glassware and sturdy mugs—journeying from enterprising sellers in Surat, Gujarat, to discerning customers in Tinsukia, Assam and Kohima, Nagaland; to Delhi-based sellers dispatching their wares to far-flung customers in the Andaman & Nicobar Islands, Amazon Business has facilitated connections between sellers and corporates across the diverse tapestry of India.
India’s own online B2B Marketplace
Since its launch in 2017, Amazon Business has always worked to add value and convenience to its customers’ businesses. In addition to the deals and offers, during the Amazon Great Indian Festival 2024, business customers can enjoy multiple convenient features by signing up for a Prime subscription to enjoy fast and free shipping or convert to multi-user accounts allowing their teams to add multiple team members under one Amazon Business account and set up approval policies and budget guardrails separately for each team. With the “Bill to Ship to” feature, businesses can buy from one location and ship to another without losing GST input credit. Customers can avail cashback up to INR 9,999 per order can be availed on 3 purchases, along with a 30-day interest-free credit option, extendable up to 12 months at minimal interest rates, and no hidden costs to manage their cash flow during the sale. Business customers can get instant bank discounts, and access rewards worth up to INR 10,000, along with flexible installment options*.
Business customers can also place bulk orders seamlessly and solicit assistance for bulk orders by sending an email to buybulk@amazon.com. Existing Amazon Business customers can gather more information about the event by signing into their business accounts. New customers can visit https://business.amazon.in to instantly create an Amazon Business account at no additional charge and enjoy the benefits of the Corporate Gifting Store.