Haryana Earns Rs 1,756 Crore from Liquor Shop Auctions in Gurugram

The Haryana government has successfully auctioned 162 liquor shops in the East and West zones of Gurugram via e-tenders, generating a revenue of Rs 1,756 crore. The East zone, an upscale area of the city, attracted particularly high bids, with the highest bid of Rs 50.57 crore for a wine shop on the Golf Course Road. The auction process, conducted under the New Excise Policy, saw a significant reduction in the number of sectors in the East Zone from 69 to 40, allowing liquor traders to open up to four shops in one zone. The East and West zones in Gurugram are home to approximately 342 liquor shops. The auction of the remaining zones in both the East and West is scheduled to take place on June 14th, with the expectation of further revenue generation.

Real Estate Major DLF Plans to Launch New Projects Worth ₹36,000 Crore

Real estate giant DLF is all set to launch new projects this year with a sales potential of nearly ₹36,000 crore. The company plans to unveil projects spanning approximately 11.6 million sq ft across Gurugram, Goa, and Mumbai. DLF’s key launches for the year include super luxury projects in Gurugram (Lux5) and Goa, a premium project in Mumbai, and a luxury project in Gurugram (DLF Privana Phase 3). These projects are expected to generate substantial revenue for the company, with a sales target of around ₹17,000 crore.

DLF Sells All 795 Apartments in New Luxury Project in Gurugram for ₹5,590 Crore

DLF, a renowned real estate company, has announced the successful sale of all 795 apartments in its new luxury housing project, DLF Privana West, located in Gurugram. The project achieved remarkable sales worth approximately ₹5,590 crore within three days of its launch, showcasing the continued robust demand for luxury homes. Spread over 12.57 acres, DLF Privana West comprises a range of spacious 4BHK apartments and penthouses, offering stunning panoramic views of the Aravalli Range and proximity to the forthcoming Safari Park.

TCG Real Estate Secures Funding for World Trade Center Development in Gurugram

TCG Real Estate, through its subsidiary, Energetic Construction Pvt. Ltd, has secured funding of ₹714 crore from State Bank of India to develop the World Trade Center project in Gurugram. The project will feature a mix of office spaces and high-street retail and is expected to have a leasable area of around 1 million square feet. The funding has been secured in the form of a loan with a tenure of 72 months and an annual interest rate of 9.6%. The project is estimated to cost ₹1211.86 crore and is located off NH8 on Sohna Road in Gurugram. It is expected to comprise four towers, with two office towers spanning 9.4 lakh sq ft and two retail towers spanning 72,407 sq ft.

Man Kills Sister-in-Law, Vice Principal of Gurugram School, Days After Returning from Rehab

A man identified as Navneet alias Santi, 45, allegedly stabbed to death his sister-in-law, Nidhi Kaushik, 39, who was the vice principal of a private school in Gurugram. The incident occurred days after Navneet returned from a de-addiction center. According to police reports, Navneet visited Nidhi in her house above Adarsh Public School, where she worked. Upon her arrival, he attacked her with a knife, continuing even when her teenage son tried to intervene. Nidhi and her son were rushed to the hospital, but Nidhi unfortunately succumbed to her injuries.

Delhi-NCR Witnesses Surge in Land Deals in FY 2024

Delhi-NCR experienced a significant increase in land deals in FY 2024, with 29 deals covering approximately 314 acres, compared to 23 deals and 273.9 acres in FY 2023. Gurugram led the way with 22 deals totaling 208.22 acres, primarily for residential development. NCR as a whole surpassed other regions, followed by MMR with 19 deals and 157 acres.

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