HCBS Developments will invest ₹700 crore in Gurugram. The investment aims to develop Twin Horizon, a residential project in Sector 102. This project spans 5.2902 acres. It is expected to generate ₹1,400 crore in revenue. Twin Horizon will feature two high-rise towers. It will offer 268 residential units and seven commercial units. Morphogenesis designed the project.
Smartworks Coworking Spaces Ltd shares closed with a 9% premium, ending at Rs 445.10 on the BSE and Rs 445.05 on the NSE. The IPO, priced at Rs 407, saw strong investor interest, being oversubscribed 13.45 times. The company intends to utilize the raised capital of Rs 583 crore for business expansion and debt reduction.
Elan Group, a Gurgaon-based developer, has secured Rs 250 crore from Piramal Finance. The funding will support the construction of a commercial project in Gurgaon. This follows a Rs 1,200 crore funding from Kotak Real Estate Fund last year. Elan Group will use the funds to expedite its regional projects. The company's portfolio includes 15 projects across various segments.
Smartworks Coworking Spaces' Rs 583-crore IPO witnessed a robust 13.45 times subscription on its final day, driven by strong QIB and NII interest. The company plans to utilize the raised capital for expansion, debt reduction, and general corporate purposes. With 48 operational co-working centers, Smartworks aims to strengthen its position as a leading flexible office space provider.
Gurugram authorities have taken strict action against commercial establishments operating illegally in residential areas of Sushant Lok-1. A recent enforcement drive resulted in 61 show-cause notices issued to plot owners and the sealing of unauthorized constructions in Vyapar Kendra Market.
DLF reported a strong FY25, with a 32% revenue increase to ₹7,376 crore and a 26% rise in net profit to ₹2,744 crore, driven by robust housing demand and project execution. The company's net debt significantly decreased to ₹2,068 crore. DCCDL, its rental arm, also saw growth, with revenue up 12% and a total operational portfolio exceeding 40 million sq.
Smartworks Coworking Spaces' IPO has been subscribed 1.15 times by Friday, the second day of bidding. The IPO received bids for 1,19,96,496 shares against the 1,04,01,828 shares on offer. The company aims to raise nearly Rs 600 crore through this IPO to facilitate business expansion and debt reduction. They have already raised Rs 173.64 crore from anchor investors.
Zomato's co-founder, Deepinder Goyal, invested Rs 52.3 crore in a luxurious 11,000 sq ft apartment within DLF Camellias, Gurugram, back in August 2022, with registration completed this March. Experts estimate the property's current value soars between Rs 125 crore and Rs 150 crore, reflecting Gurugram's surging housing market.
Signatureglobal (India) announced pre-sales of ₹2,640 crore for Q1 FY26, a dip from ₹3,120 crore last year, but saw a significant 31% surge in average sales realization, reaching ₹16,296 per sq ft. Chairman Pradeep Kumar Aggarwal expressed confidence in meeting annual targets. Collections for the quarter totaled ₹930 crore, down from ₹1,210 crore.
Gurugram's Department of Town and Country Planning (DTCP) demolished an illegal religious structure built by the former RWA of Suncity Avenue in Sector 102, following resident complaints. Officials noted a rising trend of RWAs undertaking unauthorized constructions in common areas, violating regulations.
Gurugram residents can now access property tax details via a new chatbot service. The Municipal Corporation of Gurugram (MCG) introduced this service to share tax amounts and payment methods. Residents will receive information through phone calls and texts. This initiative aims to increase transparency and combat fraudulent payment demands.
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