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In the ever-evolving landscape of retail, a powerful new trend is shaping the way businesses operate and thrive – the advent of shop-cum-offices. These innovative spaces represent a seamless blend of retail and office environments, redefining the future of the industry and catering to its dynamic needs....
Kunal Rishi, chief operating officer of Paras Buildtech, said, “Malls in Noida, Gurugram and Ghaziabad are gearing up for an extraordinary weekend, poised to shatter its own records in footfall. With the G-20 summit causing restrictions in the neighboring national capital, Delhi, shoppers are flocking to these hubs, making them the ultimate shopping destination." He added that on this occasion, Noida, Gurugram and Ghaziabad have transformed into a bustling hub of entertainment and retail therapy. “It is a weekend of unparalleled shopping, leisure, and cinematic delight – an unmissable opportunity for everyone in the NCR!"...
Aman Nagar, JMD, Paras Buildtech, commented, “The inauguration of the Dwarka Expressway is poised to bring about a transformation in the commercial real estate landscape of the area. The region’s improved connectivity and infrastructure are expected to draw businesses and investors, leading to an increase in the demand for commercial real estate. The shortened travel time between Delhi and Gurgaon is anticipated to facilitate access to both markets, generating fresh prospects for growth and expansion. Consequently, the demand for office and retail space is expected to escalate, with businesses vying to establish a foothold in the area. As the local economy burgeons, a corresponding rise in the demand for amenities and services is projected to create openings for investors and developers to construct retail and hospitality projects.”...
Kunal Rishi, chief operating officer, Paras Builtech, said, “The real estate landscape of Delhi-NCR is undergoing a remarkable shift, with luxury housing becoming the preferred choice for discerning buyers. The recent accolade of recording the highest sales of apartments priced above Rs 4 crore during the first half of 2023 underscores the growing allure of luxurious living in this vibrant market." He added that aspirational millennials, a focus on enhanced amenities, expansive living spaces, and substantial NRI investments are contributing to the surge in demand for luxury properties in the region, with the thriving markets of Dwarka Expressway, Gwal Pahari and Golf Course Extension playing a crucial role in its growth....
इसे जोड़ते हुए, पारस बिल्डटेक के सीओओ कुणाल ऋषि ने बताया कि , “द्वारका एक्सप्रेसवे की उल्लेखनीय सालाना वृद्धि इस क्षेत्र में मौजूद निवेश क्षमता को उजागर करती है. इन क्षेत्रों में बसने का विकल्प चुनने वाले लोगों की बढ़ती संख्या के साथ, कार्यालयों, खुदरा केंद्रों और मनोरंजन स्थलों सहित वाणिज्यिक स्थानों की मांग आसमान छूने वाली है. द्वारका एक्सप्रेसवे व्यापार और वाणिज्य के लिए केंद्र के रूप में उभरने के लिए तैयार है, जो निवेशकों और उद्यमियों को लाभ उठाने के लिए मौके देगा....
Developer Paras Buildtech has commenced the construction at its high retail street, Paras Avenue, located in Noida Sector 129, after obtaining all the necessary permissions. Last week, a traditional Bhoomi Pujan ceremony was held at the property, which spans over two acres. Paras Avenue aims to redefine the high-street retail experience concept by offering visitors a unique shopping destination coupled with a delightful food court....
The upcoming Dwarka Expressway in Delhi NCR is poised to revolutionize the real estate sector. This 29-km-long expressway will enhance connectivity, reduce travel time, and alleviate congestion, attracting businesses and investors. It has already sparked a wave of real estate development, with over 150 projects along its route. Property prices have witnessed significant appreciation, and the continuous growth along the expressway will further augment values. The opening of the expressway is expected to be a game-changer, fueling business growth, economic development, and establishing the region as a prime commercial hub....
The much-awaited cloverleaf intersection at the Dwarka Expressway is reportedly in the final stages of construction and is expected to be inaugurated soon by Nitin Gadkari, the Union Road Transport and Highways Minister. This development is set to offer a convenient and time-saving alternative for residents to access NH-8, as opposed to the present situation of having to navigate through the busy Kherki Daula toll. The cloverleaf interchange represents a much-needed and long-awaited improvement that will significantly alleviate the transportation struggles of the homebuyers....
The opening of Dwarka Expressway in Gurgaon is expected to increase the prices of real estate in the region by 30-40%, according to developers and brokerage firm. The growing interest in the area has prompted many developers to launch projects along the expressway, driving up property prices. The Expressway will bring a significant transformation to the residential and commercial real estate markets in the region, with an expected 30–40% rise in property prices. The improved infrastructure will drive economic growth, resulting in a significant boost for the real estate sector....
Paras Buildtech, has launched its first commercial SCO plot, 'Paras Arcade 114, in Gurugram Sector 114. Spread across 3.25 acres, offers a total saleable area of 4,597 sqm. The project offers a range of different sizes and types of commercial SCO plots, ranging from 104-143 square feet....
Realty firm Paras Buildtech on Saturday said it is expecting Rs 108 crore in revenue from its new commercial project in Gurugram. The company has launched a new project where it will sell more than 40 plots for the development of SCOs (shops cum offices), according to a statement. Paras Buildtech has already delivered around 15 housing and commercial estate projects, with a 15 million sq feet area, primarily in Delhi-NCR...
Real estate company Paras Buildtech has launched a new project, Paras Arcade 114, in Gurugram in India. The project covers 3.25 acres, has a saleable area of 4,597 sq m and includes more than 40 plots for SCOs. Paras Buildtech expects to generate a revenue of about INR1.08bn ($15m) by selling 100% of the inventory within 30 to 40 days. The company has already delivered around 15 property projects in Delhi-NCR, including homes and commercial estate projects, covering an area of 15 million sq ft....
Realty firm Paras Buildtech on Saturday said, it is expecting Rs 108 crore in revenue from its new commercial project in Gurugram. The project ‘Paras Arcade 114" is spread over 3.25 acre and has a saleable area of 4,597 square metre. The commercial SCO plots range from 104-143 square feet....
Reliance Smart Bazaar, a hypermart chain by Reliance Retail, has opened a store at Paras One33, a shopping center on the Noida Expressway in Uttar Pradesh. The new outlet is spread over 29,803 sq. ft. of retail space, announced Paras One33, the flagship retail project of Paras Buildtech in a release on Friday....
Realty firm Paras Buildtech on Saturday said it is expecting ₹108 crore in revenue from its new commercial project in Gurugram. The company has unveiled a new project where it will sell more than 40 plots for the development of SCOs (shops-cum-offices), according to a statement. The project ‘Paras Arcade 114’ is spread over 3.25 acre and has a saleable area of 4,597 square metre. The commercial SCO plots range from 104-143 square feet....
With a significant rise in housing sales post-COVID, real estate consultant Anarock has said unsold homes with developers across seven major cities fell 12 pc in the last five years, and time needed to clear these inventories have come down by half to just 20 months. In its latest report, Anarock said unsold housing stocks have declined 12 percent to 6,26,750 units at the end of January-March this year from 7,13,400 units as of March 31, 2018....
Property prices in Gurugram are going to increase now, as the district administration has raised the circle rates in the Haryana district in the range of 10-30 per cent, effective April 1, 2023. The circle rates in Gurugram, below which property registration with the revenue department cannot take place, were last revised in January 2022 by a similar proportion....
Dwarka Expressway is a 27.6-km long, eight-lane motorway connecting Dwarka to Gurugram, and is rapidly becoming one of the most desirable real estate locations in India. According to industry experts, Dwarka Expressway is the ideal location for real estate investments since it will soon be home to hundreds of new apartment buildings....
The retail industry is evolving due to the rise of e-commerce, leading conventional retailers to adapt to stay competitive. A solution that has emerged is the integration of office space into retail locations, creating mixed-use retail spaces or "shop-cum-offices." These spaces offer cost reduction, efficiency improvement, optimal space utilization, increased foot traffic, and a pioneer of growth for small businesses. Shop-cum-offices are quickly becoming the future of retail, offering a unique blend of retail and office space that can cater to the evolving needs of the industry....
Real estate developers in Gurugram are optimistic about the proposed 28.8 km-long Gurugram Metro, which will connect Huda City Centre to Cyber City via Old Gurgaon and have 27 stations including one at the Dwarka expressway. The announcement during the Haryana Budget is expected to boost demand for housing and commercial space, and generate new business prospects and investment opportunities. Improved connectivity and commercial activity around metro stations may lead to a rise in property prices, presenting an excellent opportunity for investors and property owners....
Gurugram, a city with a population of nearly 20 lakh and over 900 high-rise buildings, falls in seismic zone 4, making it vulnerable to earthquakes. Despite the risk, buildings are still awaiting the long-promised quake audits. The Gurugram district administration has now directed developers to install hi-tech earthquake security systems in all high-rises to raise the alarm upon tremors, shut down lifts, gas supply, electricity, and activate necessary security systems....
Retail leasing activity in Delhi NCR witnessed an increase in H2 2022, reflecting the rise in demand for retail and commercial space in India. Rental yields in some areas of Delhi NCR and Bengaluru have increased by 6-8%, indicating the strength of the market and the demand for premium retail and Grade-A office spaces. The CBRE South Asia report shows that multinational companies are renting out more retail space in India, and fashion and apparel brands are responsible for 42% of all leasing....
Residential rentals in luxury and mid-tier segments have increased by up to 23% in key rental hotspots across India between 2019 and 2022, according to ANAROCK data. The Golf Course Extension Road in the NCR saw the highest growth of 18% to INR58,000 ($776) per month in 2022, compared to INR49,000 a month in 2019 for luxury homes of around 2,000 sq ft. The road has been built on premium land and has seen a significant amount of commercial and residential development, making it an attractive option for investors looking to maximise their returns....
Indian real estate industry exhibited resilience in the face of global market uncertainties in 2022, sustaining steady demand momentum and inspiring investor confidence. The Delhi-NCR market saw a 123% YoY increase in new house sales in H1 2022, while India's seven most populated cities saw a 71% increase in quarterly home sales. With a young millennial population, rising median incomes, and urbanization, the trend is expected to continue in 2023....
Paras Buildtech, a leading real estate developer in India, will host a Winter Carnival on January 21st and 22nd at Paras Avenue, Noida Sector 129, featuring food, music, and entertainment. Attendees will also have the opportunity to explore investment prospects at Paras Avenue, a premier retail project with versatile spaces and extensive frontages ideal for maximizing commercial potential....
Golf Course Road Extension and Sectors 128-135 on the Noida Expressway are becoming popular NCR micro markets for both residential and commercial projects. The areas' proximity to high-end markets and upcoming infrastructure is boosting real estate demand. In Q3 2022, 35% of new homes in NCR and 15% of new offices in Gurgaon were opened on Golf Course Road Extension....
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