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Union Cabinet approval for metro connectivity in Gurgaon to help real estate projects on Dwarka Expressway

by economictimes.indiatimes.com Leave a Comment

Synopsis

The central government has given approval for 28.50 km line having 27 stations on the route. The total completion cost of the project will be Rs 5,452 crore.

The Union Cabinet approval for metro connectivity from HUDA City Centre to Cyber City in Gurgaon will help the real estate sector in the region, industry experts said.

The central government has given approval for 28.50 km line having 27 stations on the route. The total completion cost of the project will be Rs 5,452 crore.

“This development holds tremendous potential, particularly for the real estate sector around the Dwarka Expressway and New Gurgaon, as it will receive a significant infrastructure boost. The commencement of this metro connectivity will create numerous investment opportunities and generate employment,” said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.

The project is proposed to be completed in four years from the date of sanction of the project and is to be implemented by Harayana Mass Rapid Transport Corporation Limited (HMRTC) which will be set up as a 50:50 Special Purpose Vehicle (SPV) of the Government of India and Government of Haryana after sanction order is issued.

“Over the past few years, the Central Peripheral Road along Dwarka Expressway has witnessed remarkable growth. With the completion of Dwarka Expressway nearing its final stages and the announcement of metro connectivity, the demand for residential properties is expected to witness a further surge from both end users and investors alike,” said Mohit Jain, Managing Director, Krisumi Corporation.

Improved connectivity and seamless integration will not only benefit commuters in Gurugram and Dwarka but also give fillip to the investment opportunity in the burgeoning areas near Dwarka Expressway and is likely to increase the region’s appeal to both homebuyers and companies alike.

“These developments are likely to spur infrastructure development and unlock new avenues for real estate investment, making this an exciting time for those interested in the real estate market,” said Vivek Singhal, CEO, Smartworld Developers

“With the nearing completion of Dwarka Expressway, the added metro connectivity further positions it as the most promising micro market in Gurugram, attracting homebuyers and investors seeking a vibrant and well-connected community,” said Ravish Kapoor, Managing Director, Elan.

The metro will enhance operational functionality and minimize congestion. With 27 elevated stations, the line will bridge old and new areas, enhancing connectivity and development.

“The line’s connection to the Indian Railway network and plans of integration with the IGI airport further enhances convenience and connectivity which will ensure efficient transportation, and will boost the potential of areas like Dwarka Expressway which have a mix of residential and commercial set-ups, which will further see a high rate of appreciation because of the seamless connectivity of that area,” said Santosh Agarwal, Executive Director and CFO, Alpha Corp.

Dwarka Expressway, already has some major projects and development.

“The metro’s arrival will undeniably invigorate the entire area, propelling Gurugram to unparalleled heights of success and prosperity,” said Gaurav Bhalla, Managing Director, Vatika Group.

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Forbes Global 2000: China’s Ranks Thin As Real Estate Woes Persist

by www.forbes.com Leave a Comment

C hina, including Hong Kong, occupies 346 spots in the 2023 Forbes Global 2000 ranking of the world’s top publicly traded companies unveiled Thursday. That is five fewer than last year’s record 351 members from the country.

As was the case in 2022, China has the second largest number of companies on the list following the United States, which has 611 members. A liquidity crunch in China’s real estate sector led to eight companies in that sector falling off this year’s Global 2000 ranking. That was countered by 44 Chinese businesses that made the Global 2000 this year and didn’t appear in 2022.

Forbes ’ Global 2000 list assigns equal weight to 12-month sales, assets, profit and market value of publicly traded companies, using the most recent financial data available as of May 5, 2023.

Big state-controlled banks led the way for China again this year, grabbing three of the top five spots on the list. The highest-ranking Chinese company, the Industrial and Commercial Bank of China, came in at No. 3, slipping one spot from No. 2 last year. Prior to 2022, the bank had the No. 1 spot on the list for nine consecutive years.

Also in the top 10: state-controlled China Construction Bank rose to No. 4 from No. 5 last year, and the Agricultural Bank of China climbed to No. 5 from No. 8. Three other high ranking Chinese firms made it in the top 20, namely Bank of China (No. 12), Ping An Insurance (No. 16) and PetroChina (No. 19), one of the world’s largest oil businesses.

China’s auto industry – which took over as the world’s top car exporter earlier this year — chalked up some of the country’s biggest gains, notably in the electric vehicle (EV) supply chain. Contemporary Amperex Technology, the world’s largest supplier of batteries for electric cars, rose to No. 121 from No. 298 last year. BYD, the country’s biggest EV maker, jumped to No. 170 from No. 580. Among other EV manufacturers, Geely Automobile climbed to No. 858 from No. 989. Li Auto rose to 1,691 from No. 1,984 a year ago. Lithium supplier Ganfeng Lithium rose to No. 1,165 from No. 1,649 last year.

Leading solar panel makers also did well. Longi Green Energy Technology rose to No. 530 from No. 724 in 2022. Tongwei moved up to No. 494 from No. 1,085.

In contrast, China’s iconic Internet giants faced a tech crackdown by the government and a difficult advertising market. Tencent, the highest-ranking Chinese Internet company to make this year’s list, fell to No. 33 from No. 28 last year. Alibaba, the e-commerce leader, dropped to No. 54 from No. 33 mostly due to a decline in profits. Two other e-commerce giants did better: JD.com rose to No. 224 from No. 446, lifted by net income that swelled to $1.5 billion in 2022, up from a prior year’s loss. PDD Holdings, which operates e-commerce site Pinduoduo, rose to No. 336 from No. 582 in 2022.

Mainland real estate companies suffered some of the biggest losses amid excess supply, slack demand and towering debt. Country Garden plunged to No. 782 from No. 255 in 2022; its stock plummeted 60% in the past year. Longfor, whose stock is down about 40% in the past 12 months, dropped to No. 305 from No. 243. Smaller developer Jinke Property Group declined to No. 1,291 from No. 841. Sunac, once one of the country’s biggest developers, dropped off the list. Among Hong Kong-headquartered companies, real estate firms were also generally lower. Sun Hong Kai Properties fell to No. 459 from No. 393 and Henderson Land slid to No. 816 from No. 769.

Among the 44 Chinese companies new this year, Sunshine Insurance, entered at No. 865 after going public in Hong Kong last December. Tech newcomers included Hygon Information Technology, a chip designer that went public in Shenzhen (ranked No. 1,753) and TCL Zhonghuan Renewable Energy Technology, a maker of semiconductors for the solar industry that ranks No. 904. Healthcare and pharmaceuticals listees that didn’t appear last year included Kangmei Pharmaceutical at No. 1,995 and Andon Health, a maker of blood glucose meters and other medical instruments at No. 1,653.

Two notable Chinese companies that didn’t make the list because they are not publicly traded and thus do not qualify: telecommunications hardware maker Huawei and ByteDance, the owner of wildly popular social media app TikTok.

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Eden Hazard’s only transfer offer revealed as details of ex-Chelsea star’s generous Real Madrid gesture emerge

by www.thesun.co.uk Leave a Comment

EDEN HAZARD has limited options after having his contract terminated by Real Madrid, according to reports in Spain.

Hazard eclipsed Gareth Bale as Los Blancos’ record signing when he signed from Chelsea for an initial £88.3million in 2019.

His stay in Madrid was miserable however, with injury and form struggles meaning he was never able to justify his lofty price tag.

The forward made just 76 appearances for Madrid, scoring seven and assisting 12 times.

The forward did not complete a 90 minute game this season and appeared just six times in the league.

And according to Marca , the Belgian only has one club interested in his services – the Vancouver Whitecaps in the MLS .

The outlet reports that he is weighing up the move against retiring from the game at the age of 32.

They also revealed details of his exit from Madri d which was confirmed last week .

Hazard’s contract was due to run out next summer but an agreement was reached between all parties to let the Belgian become a free agent.

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Hazard offered to leave without a compensation package for the final year of his deal but Madrid paid a third of his remaining £20m-a-year deal.

The Belgian would join a Vancouver team halfway through the MLS season if he were to leave this summer.

The Canadian side are currently sitting in the MLS final series places with the club in sixth.

Hazard would become the most high-profile player to ply his trade for Vancouver since local boy Alphonso Davies left in 2018.

According to reports in Canada , the Whitecaps are struggling to attract fans and have the fourth worst attendance in the MLS.

Chicago Bears team leaders to chat with select group of Arlington Heights area community members at invite-only meeting

by www.denverpost.com Leave a Comment

Despite headlines this week about the Chicago Bears’ proposed Arlington Heights stadium project possibly being “at risk,” the NFL football team’s brass will come face to face with about 300 people later this month at a meeting meant to promote communication between local stakeholders and the team.

The Bears, operating as the Chicago Bears Football Club, has proposed a multi-billion dollar stadium development at the site of the former Arlington International Racecourse the team purchased in February.

“We will hear directly from Kevin Warren on his experience with stadium development and what it’s going to take to make Arlington Park the home of the Chicago Bears,”a meeting announcement states.

The meeting, set for June 26 at the Metropolis Center for the Performing Arts, located in Arlington Heights, is an initiative of the newly formed Touchdown Arlington group , a private group that sees the arrival of the team as an economic opportunity for the village and the region. Organizers say Touchdown Arlington aims to create more dialogue between the team and Arlington Heights residents.

The group of local business owners support the Bears’ move to the village. They have released statements encouraging local municipal leaders to work with the team, and have said one of their primary goals is to get more information out about the proposed redevelopment project to curious residents.

Registration opened Wednesday for the upcoming meeting, the same day the Bears met with Chicago Mayor Brandon Johnson to discuss a “shared commitment” to the city of Chicago. However, on Friday the team heard a pitch from Naperville mayor Scott Wehrli about a potential move out to that western suburb.

News of those meetings were the latest developments in a wave of uncertainty around whether the Bears will actually redevelop the racetrack after sparring with the Cook County Assessor’s office and local school districts about how much the team should pay in property taxes over the next few years.

The Bears’ purchase of Arlington International Racecourse and proposed $5 billion stadium development on the site has ignited discussion about everything from how the project would be funded to the team’s impact on local real estate values and the village’s beloved downtown district .

The Touchdown Arlington meeting will be open only to those who RSVP by June 25, according to Touchdown Arlington leaders. Arlington Heights residency is not required. Group organizer and local real estate agent Holly Connors told Pioneer Press about 300 tickets are available.

An agenda for the meeting is still in the works, she said.

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People are only just realising similarity between Nutella and Aldi chocolate spread

by www.dailystar.co.uk Leave a Comment

Nutella is a staple in households of chocoholics across the UK.

Whether you eat it on toast, with ice cream or just scoop it out of a jar, it’s a pretty decadent delicious treat.

But one savvy shopper recently caused a stir after claiming they found an alternative chocolate spread that tastes just as good.

READ MORE: Mars announces big change to iconic chocolate – but will be nostalgic for some fans

An Aldi customer shared a shocking discovery on a Facebook group, which featured an image of the famous choccie spread alongside Aldi’s own version.

When they looked closely at the label the customer found the Bramwell’s Choc Hazelnut Spread from Aldi shared practically the same ingredients as Nutella.

A 400g jar of the Aldi version costs $2.49 (£2.01) while the same size Nutella is sold for up to $5.70 (£4.57) at some food stores.

The shopper explained their findings on the Aldi Mums Facebook page, writing: “Can’t believe it took me this long to switch.

“Been paying so much for Nutella to only find out now that Aldi’s chocolate hazelnut spread tastes the same and also has 13% hazelnut in them!

“My kids said it tastes the same. No more paying double the price for me.”

She also noted the Aldi version may have made some alterations recently.

“A friend just told me that it used to taste different or not as good, but she recently had to buy the Aldi version again due to budget constrains,” she added.

“She said it does taste very similar to Nutella now.

“Those of you who tried it the last time, should try it again! Maybe it has changed!”

Since she opened up about the dupe many people have been quick to comment and share their thoughts.

Many agreed that the chocolate spreads do in fact taste “identical”.

One person replied: “I totally agree! I had it AGES ago and it tasted yuck and very different.

“Now it almost tastes same as Nutella. I eat it straight from container.”

Another commented: “Same! I bought it today and it tasted identical.”

Meanwhile, a third chirped in: “I buy it all the time. My kids love it.

“They never say it doesn’t taste like the Nutella brand.”

But not everyone was convinced, as some thought you simply can’t compare the products.

Despite the similar ingredients list, some claim you just can’t beat the original spread.

“I don’t think it tastes the same,” one wrote. I’d love for it to be, but nope.”

Another added: “Definitely doesn’t taste the same for me (yep, even did a blind taste test) – but it’s still good!

“Just different I much prefer the taste of Nutella, but if I feel like getting this one, I do.”

So would you give it a go? Let us know in the comments below.

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