Tag: Dwarka Expressway

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Central Park invests ₹2,000 crore in Dwarka Expressway project

NEW DELHI: Central Park is set to invest ₹2,000 crore in a new residential project named Delphine along the Dwarka Expressway. Funding will come from internal accruals and capital finance. The project will span 7.85 acres in Sector 104, Gurugram, and will be developed in three phases, with construction anticipated to start in 2026 and completion expected by 2032. The development will be managed in-house. The high-rise complex will feature six towers, including serviced studio and one-bedroom apartments, as well as 3BHK and 4BHK units. The company forecasts sales revenue of approximately ₹3,500 crore from this project. Pricing for studio…

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ATS HomeKraft repays ₹1,250 crore to HDFC Capital Fund

NEW DELHI: ATS HomeKraft has successfully repaid ₹1,250 crore to HDFC Capital Affordable Real Estate Fund–2 (HCARE-2). This repayment was made using internal cash flows from the HCARE-2 portfolio projects. The HCARE-2 portfolio with ATS HomeKraft included over 7,500 housing units, with total sales estimated at around ₹8,000 crore. Vipul Roongta, CEO and MD of HDFC Capital, stated, “Many projects in the portfolio have experienced price increases of nearly three times in 4–5 years, indicating strong demand for quality mid-income housing.” The company has also recently prepaid ₹190 crore to the SWAMIH Investment Fund I for its ATS Marigold project…

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BPTP Plans to List Its Real Estate Venture

BPTP Ltd is in the process of selecting a merchant banker to facilitate the listing of its real estate division, according to sources familiar with the matter. This Delhi-NCR-centric firm, boasting a land bank of 45-50 million sq ft, is planning to roll out projects valued at Rs 10,000 crore annually, along with establishing a distinct rental portfolio. CEO Manik Malik refrained from providing comments on the IPO plans, but mentioned that the company possesses enough land resources to launch projects worth Rs 40,000 crore, with intentions to continue acquiring strategically located land parcels. “In recent years, we have focused…

InfrastructureLatest Stories

HC Petitioned by Dwarka Expressway Residents for Connectivity

GURUGRAM: Residents in new sectors along the Dwarka Expressway have approached the Punjab and Haryana High Court, requesting intervention for the construction of 24-metre and 30-metre internal sector roads. According to residents, the absence of these roads obstructs access to homes, delays emergency services like ambulances and fire trucks, and poses dust and safety hazards in the area. This action follows repeated appeals to civic and planning authorities that resulted in minimal progress. The resident group, Dwarka Expressway Gurugram Development Association (DXP GDA), filed a writ petition through advocate Seema Nain, who stated that “judicial intervention is now the only…

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Max Estates Gets Development Rights for 7.25 Acres in Gurugram

Representative image NEW DELHI: Max Estates has acquired the development rights to a 7.25-acre land parcel in Sector 59, Gurugram. This agreement involves purchasing 100% of Base Buildwell (BBPL), a project SPV that holds the license and development rights for the land. The project has the potential for 1.3 million sq ft of development, with an estimated investment of ₹534 crore, and is projected to yield a booking value exceeding ₹3,000 crore. The investment includes the complete acquisition of BBPL’s share capital, comprising 10,000 equity shares of ₹10 each and 24,17,256 compulsorily convertible debentures of ₹100 each, along with project-level…

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Landmark Group to invest ₹400 crore in Dwarka Expressway project

NEW DELHI: Gurugram-based Landmark Group is set to invest approximately ₹400 crore in the development of Landmark Skyvue, located in Sector 103 along the Dwarka Expressway. This new development marks phase II of the project, which spans 11 acres. Phase I, covering three acres, was completed in 2013, while phase III is anticipated to launch in FY26, encompassing four acres. The construction for phase II is estimated at ₹400 crore, with the company negotiating with State Bank of India (SBI) for around ₹200 crore in financing. The remaining construction costs will be covered through internal funds, bank loans, and client…

InfrastructureLatest Stories

PM Launches ₹11,000 Crore National Highway Projects

Representative image created by AI NEW DELHI: Prime Minister Narendra Modi inaugurated two key National Highway projects in Delhi on Sunday, namely the Delhi section of the Dwarka Expressway and Urban Extension Road-II (UER-II). These developments are part of the government’s strategy to alleviate congestion in the capital, aimed at enhancing connectivity, reducing travel times, and easing traffic flow within Delhi and nearby regions. Such initiatives embody Prime Minister Modi’s vision for world-class infrastructure that promotes better living standards and seamless transportation. The 10.1 km section of the Dwarka Expressway in Delhi was constructed at an investment of approximately ₹5,360…

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ATS Infrastructure repays ₹190 crore SWAMIH fund early

NEW DELHI: ATS Infrastructure has repaid ₹190 crore to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I, which includes ₹133 crore in principal and ₹57 crore in interest. This repayment pertains to its residential project ATS Marigold located on the Dwarka Expressway in Gurugram. The project had encountered construction delays due to the NBFC crisis in 2018 and disruptions caused by the COVID-19 pandemic. It was revitalized with last-mile funding from the government-backed stress resolution fund. Currently, the project is fully completed, and all six towers have secured occupation certificates (OCs) from the authorities. The fund…

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ATS Infrastructure repays ₹190 crore SWAMIH fund early

NEW DELHI: ATS Infrastructure has repaid ₹190 crore to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I. This sum includes ₹133 crore as the principal amount and ₹57 crore in interest for its ATS Marigold residential project on the Dwarka Expressway in Gurugram. The project encountered construction delays due to the NBFC crisis in 2018 and interruptions from the COVID-19 pandemic. It saw a revival through last-mile funding from the government-backed stress resolution fund. The project is now complete, with all six towers receiving occupation certificates (OCs) from the authorities. When the fund invested in February…

Latest StoriesResidential

BPTP to Invest ₹3,000 Crore in Dwarka Expressway Project

NEW DELHI: BPTP has unveiled GAIA Residences, a new residential project located along the Dwarka Expressway, with an investment goal of ₹3,000 crore and projected revenue of ₹6,500 crore. This initiative is part of a larger ~150-acre development, representing the second phase of the Amstoria project. The 12.05-acre project will feature three high-rise towers consisting of 531 units of 3BHK residences. One of the towers will be opened for sales at a later date, pending the relocation of a high-tension electricity line. The average price for units in the project starts at ₹3.85 crore. Published On Jul 3, 2025 at…