Tag: Faridabad

Latest StoriesResidential

Haryana Cabinet Lowers Stamp Duty, Registration Fees for EWS

CHANDIGARH: The Haryana Cabinet convened on Tuesday to approve multiple initiatives focused on enhancing affordable housing, stimulating industrial growth, enhancing governance, reinforcing welfare programs, and fostering electric mobility. In a significant step for beneficiaries of the Pradhan Mantri Awas Yojana-Urban 2.0, the Cabinet, led by Chief Minister Nayab Singh Saini, sanctioned a notable reduction in stamp duty and registration fees for Economically Weaker Section (EWS) beneficiaries looking to buy eligible homes of up to 60 square metres. Under this decision, eligible beneficiaries will only pay Rs 500 for stamp duty and another Rs 500 for registration per property deed. Currently,…

CommercialLatest Stories

NCR Office Leasing Drops 1% to 7.2M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, the National Capital Region (NCR) saw gross office leasing reach 7.2 million sq ft, reflecting a slight one percent decrease compared to the previous year, as detailed in a report by Knight Frank India. Office completions amounted to four million sq ft during this timeframe, marking a two percent decline year-on-year. Overall, the total office stock in NCR has risen to 208.1 million sq ft, registering a five percent annual increase. Average transaction rents saw a significant rise of 13 percent year-on-year, reaching ₹106 per sq ft per month in H1 2026.…

Latest StoriesResidential

NCR Housing Sales Drop 7% to 24,862 Units in H1 2026

NEW DELHI: The National Capital Region (NCR) saw residential sales reach 24,862 units in H1 2026, a seven percent decline from 26,795 units in H1 2025, as per Knight Frank India’s report. During the same period, new launches fell by five percent year-on-year, totaling 23,877 units compared to 25,233 units last year. Gurugram led the NCR residential market, representing 50 percent of new launches and 42 percent of total sales in H1 2026. Knight Frank noted that Gurugram’s launch pipeline is predominantly in the premium and luxury segments, with nearly all new projects starting above the ₹2 crore price point.…

IndustryLatest Stories

Haryana Limits Daily Property Registrations to 20 Appointments

Representative AI image CHANDIGARH: The Haryana government has announced a limit of 20 daily registration appointments per registration office at both tehsil and sub-divisional levels to enhance the efficiency of property registrations and minimize delays. The new token-based system, effective from Thursday, will issue daily and randomly generated tokens to eliminate any preferential treatment. Financial Commissioner of the Revenue and Disaster Management Department, Sumita Misra, has instructed all Deputy Commissioners to enforce this new arrangement rigorously. According to an official statement released on Friday, each district headquarters tehsil will issue 20 tokens per day randomly through the District Revenue Officer-cum-Joint…

InfrastructureLatest Stories

New Buildings Found on Protected Forest Land in Anangpur

GURUGRAM: New construction activities have emerged in the protected forest area of Anangpur village. Observations during a site visit revealed recently erected structures, extensive boundary walls, and indications of ongoing development within a region governed by the Punjab Land Preservation Act (PLPA), which has been the focal point of numerous legal disputes regarding encroachments in the Aravalis. During an inspection, TOI discovered a substantial multi-story building nearing completion, along with newly plastered compound walls surrounding significant land parcels and signs of ongoing masonry work. The land records confirm that these constructions are within a PLPA-designated area. This new development occurs…

Latest StoriesResidential

Survey to Focus on Current Areas, Not New Claims in Haryana

GURUGRAM: New constructions or expansions are excluded from an ongoing exercise designed to identify residential areas within the notified Punjab Land Preservation Act (PLPA) zone in Anangpur, Faridabad. Officials engaged in ground-truthing to determine residential areas noted attempts by some residents to extend their property boundaries. As a result, they emphasized that such modifications should not skew the findings of the exercise. A ground-truthing exercise verifies and validates information derived from remote sources like satellite imagery or official documentation to ensure that the data accurately reflects the current state of the land. Officials have directed that the focus remain on…

IndustryLatest Stories

ACB Investigates 2,600 Illegal Colonies in Haryana

CHANDIGARH: Officials from various departments, including urban local bodies (ULB), town and country planning (TCP), and district revenue offices, are under scrutiny as the Haryana State Vigilance and Anti-Corruption Bureau (HSVACB) conducts an extensive investigation into the rise of unauthorized colonies throughout the state. The bureau is examining approximately 2,600 illegal colonies believed to have been established in violation of several laws and regulatory guidelines set forth by the TCP and ULB departments. Sources indicate that the departments involved are likely to take action against officials and private individuals identified in the probe, which is supported by substantial documentary evidence…

InfrastructureLatest Stories

Land Pooling Approval Boosts Haryana’s Urban Expansion Plan

CHANDIGARH: The Haryana government has made significant changes to its land pooling policy, paving the way for large-scale urban development across 1.67 lakh acres. This strategic move aims to create new residential, institutional, industrial, and commercial hubs in the state as government agencies prepare to offer plots at competitive prices amidst rising land scarcity for public projects. Land availability has become a critical issue for various government initiatives. To address this, the updated policy was approved in a multi-departmental meeting held on Wednesday. This marks the official launch of the ambitious plan to develop 69 sectors and urban estates in…

Latest StoriesResidential

BPTP to Invest ₹1,100 Crore in Greater Faridabad Housing

Representative AI image NEW DELHI: BPTP is set to invest approximately ₹1,100 crore to launch a residential project in Sector 80, Greater Faridabad, with an estimated gross development value (GDV) of ₹1,800 crore. The project, named Skynest, will consist of 325 residential units spread across two high-rise towers. It will feature 3BHK and 4BHK apartment configurations, with sizes ranging from 3,185 sq ft to 3,856 sq ft. This development will be part of BPTP’s wider portfolio in the NCR, where the company has ongoing residential and mixed-use projects in Faridabad, Gurugram, and Noida. The completion of the project is planned…

Latest StoriesRegulatory

Missing Papers Halt 2.5 Lakh Property Deals in Gurugram

GURUGRAM: The Income Tax (I-T) department is investigating approximately 2.5 lakh property transactions, worth over Rs 3 lakh crore, in the north-west region of India, according to officials. Many of these substantial transactions stem from Gurgaon and Faridabad. Revenue offices in these areas have either neglected to report transactions or submitted incomplete or erroneous PAN details, causing significant obstacles in tax verification efforts. Over the past year, the Directorate of Intelligence and Criminal Investigation (Chandigarh) has conducted over 40 surveys and spot verifications across revenue offices in Punjab, Haryana, Himachal Pradesh, and various Union Territories, including Chandigarh, Jammu & Kashmir,…