Tag: Gurgaon real estate

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Haryana RERA Awards Buyers Compensation for Gurugram Flat Delays

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRERA) has ordered developers to pay a total compensation of Rs 41 lakh to buyers for delays in delivering an apartment in Sector 86. The apartment was booked in 2015, but possession was not offered until 2018. On February 11, the HRERA’s adjudicating officer directed developers Microtek Infrastructures Pvt Ltd and Deepanshu Projects Pvt Ltd to compensate the allottees, NRI Mridula Parti and her brother Partha Sarathi De, due to an eight-year delay in the delivery of their apartment in the Greenburg project. The compensation includes approximately Rs 40 lakh for loss of…

InfrastructureLatest Stories

Gurugram: Illegal Colonies Demolished Near KMP Expressway

GURUGRAM: The Department of Town and Country Planning (DTCP) has launched a demolition initiative targeting unauthorized colonies in Sultanpur and near the KMP Expressway. Officials reported that this action is part of a renewed effort to eliminate illegal plotting and construction in the KMP area, where rising property values have led to an influx of unregulated settlements. Accompanied by police forces, officials dismantled a 6-acre unauthorized colony, removing four DPC structures, boundary walls, and a road system. Developers had erected these illegal buildings to attract unsuspecting buyers, with such “preliminary plotting” often misleading investors into believing they had government approval…

InfrastructureLatest Stories

Gurugram Real Estate Stumbles: Flooded Streets and Empty Sites

Representative AI image NEW DELHI: Gurgaon’s recent infrastructure collapse has severely affected real estate sales, resulting in a notable decrease in site visits by potential buyers, according to developers and brokers. Experts suggest that improved infrastructure and the forthcoming airport may lead Noida to outpace Gurgaon. “We’ve urged the government to prioritize development in Gurgaon, which is a significant revenue source for Haryana but continues to be overlooked. The city’s infrastructure can barely handle a few bouts of rain, causing major disruptions that deter investors. This has visibly impacted sales recently, giving Noida an edge,” stated Praveen Jain, chairman emeritus…