Tag: Gurugram

Latest StoriesResidential

Ajit Jain of Berkshire Hathaway Purchases ₹85 Crore Gurugram Flat

Image for representation NEW DELHI: Ajit Jain, vice-chairman of insurance operations at Berkshire Hathaway, has purchased a 7,400 sq ft apartment at DLF The Camellias in Gurugram for approximately ₹85 crore, according to sources familiar with the transaction. Jain, who typically resides outside India, traveled to Delhi recently to complete the deal. “NRIs account for over 25% of DLF’s ultra-luxury market, and Jain is a leading figure among them,” noted a source involved with the transaction. “The extensive amenities in such projects are major attractions for individuals who want temporary residences in India.” Jain did not respond to inquiries via…

IndustryLatest Stories

Major Urban Expansion Planned in Haryana: HSVP to Acquire Land

GURUGRAM: The Haryana Shahari Vikas Pradhikaran (HSVP) has initiated an expansive land procurement plan aimed at developing new residential and commercial areas in the state, the first such effort in the city in 20 years. This initiative seeks to alleviate pressure on existing urban centers while ensuring a consistent supply of serviced plots according to planned development norms. HSVP aims to acquire approximately 1.8 lakh acres statewide, with 23,739 acres earmarked for the city, to be implemented in three phases. New sectors are anticipated to launch in the first half of 2026. The procurement process will utilize direct purchase and…

InfrastructureLatest Stories

Nine multi-story buildings demolished on KMP link in Gurugram

GURUGRAM: Authorities recently concluded a five-day demolition campaign, removing nearly 100 encroachments along a crucial 1.5-km stretch of the Farrukhnagar-Daboda road, connecting to the KMP Expressway. The operation was initiated to alleviate traffic congestion and restore the road to its approved width of 60-66 feet. Many areas had narrowed to just 35-40 feet, causing frequent traffic issues and safety risks. Led by duty magistrate RS Batth, the operation lasted 8-9 hours each day, ending on Tuesday. Officials confirmed that the effort was preceded by demarcation from the revenue department and extensive communication with local shopkeepers and residents to secure their…

InfrastructureLatest Stories

Gurugram: 450 Shanties Demolished Along Golf Course Road

GURUGRAM: In a continued effort to address unauthorized encroachments along the Golf Course Road, district authorities conducted a demolition drive on Saturday in Saraswati Kunj, Sector 53, removing approximately 450 shanties occupying nearly two acres. This operation, assisted by police from the Sector 53 station, was carried out smoothly with no significant law and order issues, according to officials. The enforcement teams indicated that these structures were erected illegally on designated land and were removed following prior complaints and notifications. This action aims to curb further encroachments and safeguard public land and access routes in the area. Saraswati Kunj, established…

InfrastructureLatest Stories

Gurugram to Implement Two-Stage Demolition Waste Checks

Representative AI image GURUGRAM: Delhi-NCR is moving towards a system that mandates traceability of every kilogram of construction and demolition (C&D) waste. Starting April 1, individuals involved in construction, renovation, or demolition on sites of 200 sq meters or more in Gurgaon must document the disposal of their waste, as per new guidelines from the Commission for Air Quality Management (CAQM). In a significant shift, demolition waste must now be reported twice: once before construction starts and again before a building can be occupied. The longstanding practice of dumping debris along roadsides, vacant lots, or forest edges will no longer…

IndustryLatest Stories

Haryana Assembly Approves Housing Board Merger with HSVP

CHANDIGARH: The Housing Board Haryana, a government housing entity active for 55 years, was officially dissolved on Friday after the Haryana Assembly sanctioned its merger into the Haryana Shehri Vikas Pradhikaran (HSVP). This occurred amidst symbolic resistance from opposition Congress leaders. This decision was made during the assembly’s first Budget session, where Chief Minister Nayab Singh Saini, who was also the minister in charge, introduced the merger resolution. Saini explained that the roles of the Housing Board and HSVP were largely similar and assured that the interests of the Housing Board employees would be protected. The government has been working…

Latest StoriesResidential

Central Park to Invest ₹1,200 Crore in Gurugram Housing Project

NEW DELHI: Central Park Estates is set to invest ₹1,200 crore in the development of the Belanova residential project in Gurugram. The project is projected to generate revenues of approximately ₹2,500–3,000 crore and will be financed through project funding and internal reserves. It will feature 124 residences with an average price of around ₹25 crore each. The company anticipates securing around ₹500 crore in FY26 through private offerings to friends and family, followed by an expected ₹1,000 crore in FY27. The development is expected to be completed by July 31, 2026. Published On Feb 20, 2026 at 07:33 AM IST…

Latest StoriesRera

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…

Latest StoriesRegulatory

ED Freezes ₹82 Crore in Properties Linked to Ansal Hub-83 Fraud

NEW DELHI: The Enforcement Directorate (ED) has seized immovable properties valued at Rs 82 crore in relation to an alleged extensive real estate scam linked to the commercial project “Ansal Hub-83” in Sector-83, Gurugram. This project encompasses a land area of 19 Kanal 15 Marla (approximately 2.47 acres) and features 147 commercial shops, 137 office spaces, and two restaurant units, as stated by the ED on Thursday. These properties were attached by the ED’s Gurugram zonal office under the Prevention of Money Laundering Act (PMLA), 2002. The investigation began following an FIR filed by Haryana Police in June 2023 against…

Latest StoriesRegulatory

SC: Nepotism and Self-Aggrandizement Threaten Democracy

Here’s a revised version of the content you provided: NEW DELHI: The Supreme Court has annulled the allocation of two flats by a Haryana government housing society to a member of its governing body and his subordinate, condemning nepotism and self-interest as fundamentally against democratic principles. Justices Sanjay Kumar and K Vinod Chandran overturned a Punjab and Haryana High Court decision, which had declined to intervene in the allotment process. The allotments in question were deemed arbitrary, biased, and a violation of the society’s own eligibility criteria. The bench stated, “Nepotism and self-aggrandizement are incompatible with a democratic system, particularly…