Tag: Gurugram

Latest StoriesRegulatory

ED Attaches ₹782 Crore in Properties of Raheja Developers

NEW DELHI: The Enforcement Directorate (ED) has provisionally attached immovable properties valued at ₹782.36 crore belonging to Raheja Developers under the Prevention of Money Laundering Act, 2002. This action pertains to allegations of cheating homebuyers across various projects initiated by the firm. The ED is examining Raheja Developers, its director Navin M. Raheja, and other related individuals under the PMLA. The case stems from multiple FIRs filed by the Economic Offences Wing in Delhi following complaints from homebuyers who claim to have been defrauded. According to the ED, Raheja Developers raised around ₹2,425.99 crore from approximately 4,600 homebuyers in relation…

Latest StoriesRegulatory

ED raids Imperia for homebuyer fraud, seizes ₹50.5 lakh, luxury cars

NEW DELHI: The Gurugram zonal office of the Enforcement Directorate has executed search and survey operations at eight locations tied to Imperia Wishfield, Imperia Structures, their promoter directors, and the current resolution professional in Delhi, as stated by the agency. The searches, carried out on July 29, 2026, were in accordance with the Prevention of Money Laundering Act, 2002, related to an alleged homebuyer fraud case. During these operations, the agency confiscated digital devices, documents, cash totaling ₹50.50 lakh, and three luxury vehicles. The ED has initiated an enforcement case information report against Imperia Structures, Imperia Wishfield, and their promoter…

IndustryLatest Stories

M3M India, Trehan IRIS to invest ₹1,900 crore in Gurugram

Representative AI image NEW DELHI: M3M India is set to invest ₹600 crore in developing a grade-A commercial project, the M3M Capital Financial Center (CFC), located in sector 113, Gurugram. Covering around 1.42 acres, the project is projected to achieve a topline of ₹1,500 crore, with completion expected by the end of 2029. The development will consist of a 22-storey tower featuring 165 units, encompassing 152 office spaces, six multiplexes, and seven retail units. A global aviation firm has already secured about 75,000 sq ft within the building. Additionally, Trehan IRIS has announced a commitment of around ₹1,300 crore for…

InfrastructureLatest Stories

Gurugram’s Construction Waste Plant Faces Tree-Felling Controversy

Here’s a revised version of the content: Representative AI image GURUGRAM: A construction and demolition (C&D) waste processing plant proposed at Babupur along the Dwarka Expressway is facing scrutiny after locals reported tree removals at the site, questioning the facility’s environmental permits. The planned facility in Sector 108 is surrounded by several residential sectors (102, 106, 107, 108, and 109) and a significant green cover. Residents have expressed concerns that a waste processing plant nearby could impact their health. These concerns were reinforced when Haryana State Pollution Control Board’s regional officer, Akanksha Tanwar, informed TOI that no proposal for establishing…

Latest StoriesResidential

RWA Challenges SEIAA on Amaltash Clearance in Gurugram

GURUGRAM: The Haryana government’s decision to uphold the environmental clearance (EC) for a project in Sector 28 has been contested in the National Green Tribunal (NGT). The NGT has granted the Amaltash Residential Welfare Association (ARWA) four weeks to submit objections regarding the State Environment Impact Assessment Authority (SEIAA) compliance report. The case is scheduled for a subsequent hearing on October 16. Despite calls for a new traffic impact assessment, SEIAA approved the EC for Silverglades Infrastructure’s Amaltash Residential Project. The main concern revolves around whether the project complies with the environmental conditions of its EC, particularly concerning traffic access…

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,…

IndustryLatest Stories

Haryana: HSVP Official Required for Auction Plot Registration

Representative AI image GURUGRAM: Buyers of plots auctioned by the Haryana Shahari Vikas Pradhikaran (HSVP) will now need the physical presence of an authorized official. Due to a procedural change implemented by the revenue department, an HSVP official must be present at the tehsil office for the registration of sale deeds. This updated requirement applies exclusively to properties directly sold by HSVP, such as plots obtained through e-auctions, and does not pertain to resale transactions between private individuals. However, this change has raised concerns among buyers and HSVP officials regarding potential delays. SDM Sanjeev Singla mentioned that discussions have already…

Latest StoriesRera

Haryana RERA mandates builders to compensate buyers for delays

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has reaffirmed the right of homebuyers to seek compensation for delayed possession in the Sovereign Floors at Alba, Esencia, Sector 67, and Coban Residencies, Sector 99A. In the case of Sovereign Floors, Rera ordered New Look Builders & Developers Pvt Ltd to compensate Rs 39.7 lakh, along with Rs 1 lakh for mental anguish and Rs 50,000 to cover litigation costs. The buyer had booked a residential floor in 2011, expecting possession by August 2014, but the project remained unfinished. The buyer eventually withdrew in May 2023. Although HRera had previously mandated…

Latest StoriesRegulatory

SC Directs Parsvnath Developers to Report Pending Cases

NEW DELHI: The Supreme Court on Monday instructed Parsvnath Developers and its directors to submit a status report regarding ongoing cases brought by distressed homebuyers against them, detailing the current status of each matter. The court also ordered the real estate company to complete the construction of a dwelling unit booked by Rita Tikku, a cancer survivor, and Lokaish Tikku, who invested their life savings in the ‘Parsvnath Exotica’ project in Sector 53, Gurugram, within a week. A bench composed of Chief Justice Surya Kant along with Justices Joymalya Bagchi and V Mohana was reviewing a plea submitted by the…

InfrastructureLatest Stories

Gurugram’s Planned Development a Top Priority for Haryana CM

File Photo GURUGRAM: Haryana Chief Minister Nayab Singh Saini emphasized that cleanliness, beautification, and planned urban development in Gurugram are top priorities for the state government. During a meeting in Gurugram, he instructed officials from all construction agencies and relevant departments to ensure that Construction and Demolition waste is disposed of at designated sites, adhering to scientific standards. A total of 15 grievances were reviewed in the meeting, with 13 resolved immediately. Directions were given to hold off on two cases until the next meeting, with Saini asking for status reports on these pending matters. Highlighting the importance of addressing…