17 Nov 2023

The enforcement wing of the Town and Country Planning Department (DTCP) in Gurugram has taken a proactive approach to penalize developers violating Graded Response Action Plan (GRAP) norms. Residents can now use helpline numbers to report any violations, leading to site inspections and appropriate actions. The department has issued challans and warnings to developers, emphasizing adherence to GRAP norms. Penalties are set to be collected before the issuance of occupation certificates, and strict actions are promised against non-compliance. Monitoring teams and field staff have been deployed for continuous site inspections, underscoring the commitment to upholding environmental standards and ensuring sustainable urban development in Gurugram.Read more

09 Nov 2023

Air India, owned by the Tata Group, has signed a lease agreement for seven floors, spanning 1,80,750 square feet of office space, at Gurugram's Vatika One on One building. The five-year lease, with an annual rent of Rs 24.05 crore, commenced on September 29, 2023. Air India paid an interest-free refundable security deposit of Rs 11.34 crore and a rent-free fit-out period is granted until March 2024. The rent would be hiked by 15% after three years. Vatika One on One is a 12-acre office complex located just six kilometres from Indira Gandhi International Airport, offering signal-free connectivity.Read more

02 Nov 2023

Residents of Gurugram's Chintels Paradiso rallied at Jantar Mantar, protesting against the developer for leaving them stranded. Claiming the building is unsafe due to inferior materials and that it still received an occupancy certificate from DTCP, residents have started protesting against the district administration. They demand either proper reconstruction or fair market compensation. The residents have sought intervention from the Prime Minister's Office and the Ministry of Housing and Urban Affairs demanding ‘Ghar Ke Badle Ghar'. Allegations also arise about potential misuse of the disaster management act by the administration to favour the developer.Read more

26 Oct 2023

Signature Global (India) has acquired 25.75 acres of land in Gurugram for a significant group housing project, withholding deal details. The acquisition involves prime land in Gurugram, offering a vast development potential of 3.25 million sq. ft. The company is also in advanced negotiations for joint development agreements for 16.12 acres and collaboration agreements for 4.26 acres in the same vicinity. Financially, it experienced a 37.57% increase in pre-sales in H1 FY24 and reported a 64.92% growth in collections. Signature Global recently launched a successful initial public offering to raise Rs 730 crore, further solidifying its presence in real estate.Read more

26 Oct 2023

In Gurugram, homebuyers in nine affordable housing projects, linked to developers Mahira Homes, Ocean Seven Buildtech (OSB), and Orris Infrastructure, may find relief from their long wait for possession of their flats within the next three to four months. The Department of Town and Country Planning (DTCP) is actively addressing these issues following complaints from around 5,000 homebuyers. They have been plagued by various problems, including financial irregularities and suspended construction. With around 15,000 affected homebuyers, they are hopeful that government intervention will bring a resolution to their prolonged anxieties and uncertainties.Read more

26 Oct 2023

The Department of Town and Country Planning (DTCP) in Gurugram has conducted sealing drives against unauthorized construction and illegal commercial activities in licensed colonies, recovering a total of Rs 1 crore in penalties and bank guarantees from violators. Around Rs 50 lakh was collected through penalties and bank guarantees for de-sealing buildings closed citing various violations. Additionally, approximately Rs 50 lakh was collected by granting permissions to property owners for running non-nuisance commercial activities. The DTCP has issued permits for various non-nuisance activities, including those by lawyers, doctors, tax consultants, and architects, and collected revenue of around Rs 59 lakh from these permits.Read more

25 Oct 2023

91Springboard, a major player in India's coworking and flexible workspace industry, has launched its Platinum Hub in the prestigious DLF Cyber City of Gurugram, a prime location for businesses. This marks their sixth workspace in Gurugram and 11th in the National Capital Region, aligning with Gurugram's growth as a primary business destination. Reports from Cushman & Wakefield and Knight Frank indicate Gurugram's dominance in the Delhi-NCR workspace market. This expansion brings their total workspaces in India to 28, offering top-notch design, comfort, and customization options.Read more

24 Oct 2023

Thailand-based real estate developer, Magnolia Quality Development Corporation (MQDC), inaugurates its second co-working space, Whizdom Club India, in Gurugram's Golf Course Road area. Spanning 42,000 sq. ft. across multiple floors, the facility accommodates over 450 professionals, emphasizing well-being and sustainability. Featuring private cabins, meeting rooms, and an open terrace, the space incorporates advanced air-conditioning systems and emphasizes safety protocols. MQDC plans similar features in future projects. The move aligns with Gurugram's booming co-working sector, reflecting MQDC's dedication to transformative, innovative workspaces amidst rising demand for commercial real estate in India.Read more

24 Oct 2023

The enforcement wing of Gurugram's town and country planning department (DTCP) has taken stringent action against illegal constructions, demolishing around 50 illegal colonies spanning 550 acres in Gurugram, Sohna, Pataudi, and Farrukhnagar. District Town Planner Binesh Kumar tackled 14 illegal colonies in Sohna and Bhondsi, initiating 13 demolition drives. Similarly, DTP Sumit Malik targeted 29 colonies in Farrukhnagar-Pataudi, leading 25 demolition operations. The crackdown, involving additional District Town Planners, aims to curb illegal developments, ensuring planned urban growth as per the Gurgaon Master Plan 2031. The government's stringent stance discourages unlawful real estate activities, promoting a regulated urban landscape.Read more

19 Oct 2023

Maruti Suzuki, India's top passenger car manufacturer, has secured a lease for 270,000 square feet of office space at Gurgaon's Tag Avenue. This comes after a request by Haryana's Chief Minister to relocate Maruti's headquarters to Gurgaon. Despite this, Maruti has no immediate plans to move from its current New Delhi location. The Haryana government is investing heavily in industrial and commercial development in the region. In Q1 2023, Delhi NCR saw a 4% decrease in leasing activity, with Gurugram at the forefront, accounting for 74% of the activity. Noida contributed 24%. These trends reflect the ongoing dynamics in the region's commercial real estate sector.Read more

14 Oct 2023

The Department of Town and Country Planning (DTCP) has issued show-cause notices to 45 residential properties in South City 2, Gurugram, for alleged misuse and violations of the Haryana Urban Development Act, 1975. These properties were found to be in violation of regulations after a recent survey by the DTCP's enforcement team. The property owners have been given seven days to respond, with potential actions including restoration orders and cancellation of occupation certificates. The move emphasizes the significance of adhering to zoning and land-use regulations in urban areas to prevent conflicts, maintain neighbourhood character, and ensure sustainable development.Read more

14 Oct 2023

Hero Realty Pvt. Ltd. (HRPL), a prominent Indian real estate developer, is teaming up with Saheb Enterprise to embark on a joint venture project in Gurugram's Sector 104. Spanning four acres along the Dwarka Expressway, this venture is poised to infuse Rs. 1500 crore into HRPL's top-line earnings for the fiscal year. Hero Homes Gurugram, part of this development, promises luxury living through premium residential apartments. This expansion solidifies HRPL's position in the National Capital Region (NCR) and enhances its market share in Gurugram. With a strategic location and a commitment to exceeding customer expectations, HRPL sets its sights on a bright future and ambitious sales goalsRead more

14 Oct 2023

The Haryana State Industrial Infrastructure Development Corporation (HSIIDC) has initiated the bidding process for four mixed-use plots in Gurugram's expansive Global City project, spanning 172.76 acres. With a focus on cutting-edge technology, sustainability, and comprehensive planning, this ambitious 1,000-acre project is set to transform Gurugram's landscape. The bidding process, beginning in November 2023, offers plots for various purposes, including commercial, residential, and institutional use. The Global City project promises economic growth and serves as a model for sustainable urban living in Gurugram.Read more

13 Oct 2023

Property developers and landowners in Gurugram are urging the state government to reinstate a policy allowing the construction of four-floor buildings before Diwali, as approvals for such projects have been on hold for eight months. The suspension came following protests by residents who argued that these "builder floors" were overburdening resources and infrastructure in already densely populated areas. The Gurgaon Home Developers and Plot Owners' Association contends that these builder floors cater to individuals with limited budgets and generate substantial revenue for the state. Despite the revenue generated, the government is yet to make a decision on the policy's future.Read more

12 Oct 2023

Residents of Tower H in the Chintels Paradiso housing complex in Gurugram have been instructed to evacuate their flats by the District Disaster Management Authority (DDMA). The Deputy Commissioner and Chairman of DDMA, Nishant Kumar Yadav, issued the evacuation orders, citing the IIT Delhi structural audit report from July that deemed the tower unsafe for habitation. The notice demands residents to vacate within 15 days failing which legal action under relevant sections of the IPC and Disaster Management Act could be taken up. A total of 5 towers in the complex have been flagged as unsafe by IIT Delhi.Read more

12 Oct 2023

The Department of Town and Country Planning (DTCP) in Gurugram has intensified its efforts to curb illegal colonies and unauthorized commercial operations. In a recent operation, five illegal colonies near the Sultanpur sanctuary were demolished, and 28 commercial establishments without proper authorization in Sushant Lok 2 were sealed. The enforcement team used earthmovers and received police support to demolish structures and roads in the illegal colonies. DTCP officials advised the public against investing in unauthorized colonies and urged prospective buyers to verify the legitimacy of land or plots with the DTP office. The crackdown is part of ongoing efforts to enforce urban development laws and regulations in the region.Read more

11 Oct 2023

Experion Developers, a prominent real estate developer, has acquired a six-acre land parcel in Gurgaon's Sector 53 through an auction conducted by the Haryana Shahari Vikas Pradhikaran (HSVP), the state's urban development authority. The acquisition is valued at approximately Rs 400 crore. This acquisition follows another significant HSVP auction where a two-acre plot in Sector 56 was sold for Rs 120 crore to TREVOC (The Real Estate Venture of Chawlas), a key promoter in the Spaze Group. Several leading real estate companies have actively participated in auctions by Haryana's urban development authorities, including Godrej Properties, Eldeco Group, and Ashiana Housing, highlighting the attractiveness of Gurgaon's real estate market.Read more

06 Oct 2023

In a significant development, the Supreme Court has granted bail to Basant Bansal and Pankaj Bansal, directors of the Gurugram-based real estate conglomerate M3M. This decision comes in the midst of an ongoing money laundering investigation involving the Bansal brothers. The case originated from allegations of bribery and money laundering, which led to their arrest by the Enforcement Directorate (ED). The bail plea was initially rejected by the Punjab and Haryana High Court, but the Supreme Court's decision to grant bail adds another layer of complexity to the legal proceedings. The case is expected to continue drawing attention due to its implications for the real estate and judiciary sectors.Read more

06 Oct 2023

The Department of Town and Country Planning imposed a ban on the registry and conveyance of Ansal properties due to the builder's failure to renew its license for the Sushant Lok 2 residential colony. The ban created hardships for property owners who couldn't buy or sell their properties or obtain conveyance deeds. However, after proactive efforts by the Gurugram Resident Forum and discussions with town planning authorities, the ban was partially lifted. Conveyance deeds were allowed for properties held by allottees, bringing relief to investors and allowing property transactions to proceed without unnecessary obstacles. This decision benefited those who had invested in Ansal properties.Read more

06 Oct 2023

DLF, India's largest real estate company, is expanding its footprint in the retail sector with the construction of the eagerly anticipated Mall of India in Gurugram. With a projected investment of approximately Rs. 1,700 crores, this ambitious project will result in a massive 25 lakh square feet shopping mall. DLF already owns the land for this development, and the construction is set to begin this year. Despite the challenges posed by the COVID-19 pandemic, DLF sees potential in the resurgence of gyms, cinemas, malls, and shopping centers, and is well-positioned to meet the demand for organized retail shopping with its strategic land investments.Read more