Tag: Gurugram

CommercialLatest Stories

Gurugram: DTCP Issues Notice to Developer After License Lapse

GURUGRAM: The Directorate of Town and Country Planning (DTCP) has issued a regulatory notice to a developer for alleged non-compliance with regulations relating to a commercial colony project in Sector 65. The developer received licenses in 2011 and 2012 for a 3.2-acre project within the Badshapur revenue estate, part of the Gurgaon-Manesar Urban Complex. These licenses expired in January 2019 and February 2020. The developer did not apply for renewal in the specified timeframe, nor did they submit the required renewal fee and accompanying documentation. The department has pointed out the failure to transfer land designated for master plan roads…

InfrastructureLatest Stories

Haryana Rights Body Acts on Illegal Gurugram Encroachments

Representative AI image CHANDIGARH: The Haryana Human Rights Commission (HHRC) has issued urgent directives to police and administrative authorities regarding illegal encroachments and the dumping of construction materials in a residential sector of Gurugram. While presiding over a complaint from the president of a residents’ welfare association in Sector 57, Gurugram, HHRC Chairperson Justice Lalit Batra took note of conflicting reports from various departments. The police indicated ongoing illegal supply and storage, while the estate officer from Haryana Shehri Vikas Pradhikaran (HSVP) claimed that encroachments had been cleared. The complainant presented recent photographs showing continued illegal activities on the site.…

IndustryLatest Stories

AIPL Acquires Gurugram Land for ₹1,000 Crore via Tribunal

Representative image Gurugram-based real estate developer AIPL has acquired a 43-acre site for ₹1,000 crore via the Debt Recovery Tribunal (DRT), enabling six banks to exit, according to a senior executive. This purchase is part of an 80-acre parcel in Sector 103 along the Dwarka Expressway in Gurugram. AIPL plans to expand its land bank by an additional 20 acres. “We aimed to undertake a township project, but securing large land parcels in a city like Gurugram is challenging,” stated Daljeet Singh, Managing Director of AIPL. “We anticipated difficulties in resolving numerous land-related issues, yet this also presents us with…

IndustryLatest Stories

DLF Enters Senior Living Homes Sector

NEW DELHI: Realty giant DLF Ltd announced it will debut a senior living housing project in Gurugram this quarter, with an estimated revenue potential of around Rs 2,000 crore as part of its expansion strategy. This marks DLF’s entry into the senior living housing market, further diversifying its offerings. During a conference call, DLF Ltd Managing Director Ashok Tyagi emphasized that housing demand in Gurugram, a core market for the company, remains strong, particularly for reputable developers. He confidently stated that DLF aims to achieve pre-sales of Rs 20,000-22,000 crore for the fiscal year, despite experiencing low sales bookings of…

Latest StoriesRegulatory

PMLA Court Denies Jailed Director’s Request for Online Meetings

CHANDIGARH: In a significant ruling, the Special PMLA court in Gurgaon denied requests from Arvind Walia, an imprisoned director of Ramprastha Promoters and Developers Private Ltd, to conduct online meetings or manage professional responsibilities from jail. Walia is currently held in Gurugram jail after his arrest by the Enforcement Directorate (ED). Walia and fellow director Sandeep Yadav were taken into custody on July 21 last year, accused of defrauding over 2,000 homebuyers by collecting approximately ₹1,100 crore across various real estate projects, failing to deliver possession for over 14 years. Through his lawyer, Walia submitted applications to Judge Vani Gopal…

InfrastructureLatest Stories

Haryana Fast-Tracks Metro Project with Direct Land Purchases

GURUGRAM: To expedite the long-awaited Millennium City Centre-Cyber City Metro corridor, the Haryana government has introduced a policy permitting GMRL to acquire private land through negotiated settlements. They will also maintain the option for compulsory acquisition if landowners do not cooperate. Although most of the 29.05 km corridor runs through government-owned land, certain sections—including those near existing buildings, properties needing demolition, and a depot primarily on public land—require the acquisition of small but essential private parcels. A GMRL official remarked, “Even minor delays in securing these areas could impact the project’s overall completion timeline.” Announced by the town and country…

IndustryLatest Stories

DLF Q3 FY26 Net Profit Rises 13.66%

NEW DELHI: DLF has announced a 13.66% increase in net consolidated profit for the quarter ending December 31, 2025. The profit after tax reached ₹1,203.36 crore for Q3 FY26, compared to ₹1,058.73 crore in the same quarter last fiscal year, as reported in a BSE filing. The company’s net consolidated total income was ₹2,479.54 crore in Q3 FY26, reflecting a 42.71% growth from ₹1,737.47 crore recorded in the same quarter last year. Gross collections for the quarter amounted to ₹5,100 crore, with cumulative net collections for the nine-month period at ₹10,216 crore, indicating a year-on-year growth of 21%. The company…

CommercialLatest Stories

ASF Insignia secures ₹1,250 crore from Alpha Alternatives

NEW DELHI: ASF Insignia has secured an equity and quasi-equity investment commitment of around ₹1,250 crore from Alpha Alternatives, based in Mumbai. This investment will be utilized for an integrated commercial IT office project covering approximately 4.5 million sq ft, located in Vatsal Valley, Gurugram. The funds will be released in phases, with the first tranche of about ₹450 crore already received. The capital will be directed towards enhancing the capital structure of ASF entities through debt reduction and property refinements. Published On Jan 22, 2026 at 08:27 PM IST Join the community of over 2 million industry professionals. Subscribe…

Latest StoriesRera

Haryana RERA Urges Homebuyers to Use Registered Agents Only

NEW DELHI: The Haryana Real Estate Regulatory Authority (RERA), Gurugram bench, has cautioned homebuyers and property investors to conduct transactions solely through agents registered with the Authority. They warned that engaging with unregistered intermediaries could pose legal and financial risks. In a recent advisory, Gurugram RERA mentioned that unregistered real estate agents frequently make misleading promises to entice buyers, leading to disputes and complications later on. According to the Real Estate (Regulation and Development) Act, 2016, no real estate agent is allowed to facilitate the sale or purchase of property in a registered project without the proper registration from the…

Latest StoriesRegulatory

SC notifies Haryana, Mahira Buildwell over EWS flat fraud

NEW DELHI: The Supreme Court has requested responses from the Haryana government and Mahira Buildwell (previously Czar Buildwell) after a group of homebuyers from economically weaker sections accused the developer of fraud in an affordable housing project in Gurgaon under the Pradhan Mantri Awas Yojana (Urban). The petitioner association has alleged that Czar Buildwell and its successor Mahira obtained licenses through deception, including submitting forged bank guarantees and falsifying signatures. They further claimed that the builder completed only 5-7% of the construction, misappropriating homebuyers’ funds. Petitioner’s Claims: Authorities’ Inaction Led to Distress The Supreme Court is currently addressing numerous cases…