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Vatika group repays Rs 1,109 crore, to sell more land to clear debt

Vatika group repays Rs 1,109 crore, to sell more land to clear debt SECTIONS Share Synopsis Some of the major repayments include a repayment of Rs 304 crore to Piramal Enterprises, Rs 108 crore to HDFC Limited, Rs 519 crore to Indiabulls, Rs 82 crore to ICICI Bank and Rs 74 crore to Standard Chartered Bank. Agencies The company has also given exit to Singapore s sovereign wealth fund GIC by purchasing their share in two residential projects in Gurgaon. Realty developer Vatika has sold multiple land parcels worth Rs 450 crore and company’s shares worth Rs 170 crore and used the money to give exits to lenders like Piramal Enterprises, HDFC Limited, Indiabulls, ICICI Bank and Standard Chartered Bank, Gaurav Bhalla, managing director, Vatika Group told ET.

Delhi-Mumbai expressway to boost Sohna s realty sector, road links

(MENAFN - IANS) p>Gurugram, Feb 21 (IANS) The contraction of the Delhi-Mumbai expressway which will pass through the states of Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra will give a major boost to the Sohna s realty sector as well as the key road links, which has been emerging as the new industrial hub in Gurugram. There are several sectors in and around the under construction Dwarka expressway and on the Delhi-Alwar expressway (NH-248A) where there has been a spurt in affordable housing. Besides, affordable colonies are coming up in Sohna region, which will give a stiff competition to other players like Cyber hub, Golf Course Road and Golf Road Extension Road.

Gurugram realty market emerging as expatriates hub

Gurugram realty market emerging as expatriates hub ANI | Updated: Feb 19, 2021 19:35 IST Gurugram (Haryana ) [India], February 19 (ANI/NewsVoir): Gurugram has emerged as a vibrant real estate hub in India. Strategically located near the national capital and having excellent connectivity via rail, road, and air, Gurugram has emerged as a melting pot of various cultures. The cosmopolitan city boasts three highways: Kundli-Manesar-Palwal (KMP) Expressway and Dwarka Expressway and Delhi-Gurgaon (NH-48) Expressway as harbingers of connectivity that has improved further with the opening of Hero Honda Chowk flyover and Southern Peripheral Road. The proposed Gurugram- Faridabad metro rail link, ISBT, Rapid Rail Transit System (RRTS) Corridor, and Delhi-Mumbai Industrial Corridor (DMIC) will boost the industrial, manufacturing, and real estate prospects of the region.

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