Tag: Gurugram

CommercialLatest Stories

DTCP Approved Sale & Lease Deeds for Gurugram Colony

GURUGRAM: The Department of Town and Country Planning (DTCP) has prohibited the registration of any sale, conveyance, or lease deeds associated with a commercial colony in Sector 53 due to violations of licensing conditions. This measure follows directives from the DTCP under Rule 18(2) of the Haryana Development and Regulation of Urban Areas Rules, 1976, concerning license number 13–19 of 2002. This license was issued on June 26, 2002, for the development of a commercial colony spanning 3.953 acres in Sector 53 of Gurgaon, in favor of Arenas Infotech Pvt. Ltd. and Senior Builders Pvt. Ltd., valid until June 25,…

IndustryLatest Stories

Signature Global reports ₹45.33 crore net loss in Q3 FY26

NEW DELHI: Signatureglobal (India) has reported a net consolidated loss after tax of ₹45.33 crore for the quarter ending December 31, 2025, compared to a profit after tax of ₹29.13 crore during the same quarter of the previous fiscal year, as noted in a filing with BSE. The company’s net consolidated total income for Q3 FY26 was ₹312.76 crore, reflecting a 63.72% decline from ₹862.14 crore in the corresponding quarter of the previous year. Pradeep Aggarwal, the founder and chairman, stated, “We have maintained steady performance during the first nine months of FY26. Although the real estate market has experienced…

InfrastructureLatest Stories

Only 15% of Gurugram’s construction sites follow dust rules

GURUGRAM: Construction dust is a major contributor to pollution, yet only about 15% of large construction projects in the area adhere to mandatory air quality monitoring regulations. According to data from Haryana’s dust-control portal, just 461 construction sites measuring 500 square meters or more have registered, while approximately 3,000 are estimated to be operational. This suggests that nearly 85% are not in compliance with official monitoring protocols. Registration on this portal is required under guidelines set by the Commission for Air Quality Management (CAQM). These guidelines also mandate that projects install PM2.5 and PM10 sensors connected to a live dashboard…

IndustryLatest Stories

Haryana’s Affordable Housing Scheme Stalled by Rising Costs

GURUGRAM: There is an increasing demand to reassess Haryana’s affordable housing policy, as stakeholders report that the initiative has nearly come to a standstill in Gurugram and Faridabad due to escalating land and construction costs, according to an official. Officials from the Town and Country Planning (TCP) Department noted that no new licenses for affordable housing projects have been issued in Gurugram in the last one-and-a-half to two years. Furthermore, the Gurugram-Manesar Master Plan area has not witnessed any new affordable housing developments during this time, casting doubt on the policy’s effectiveness. Currently, the government has set the maximum sale…

Latest StoriesRegulatory

Punjab & Haryana HC to Measure Road Width After PIL on S+4 Policy

GURUGRAM: On Thursday, the Punjab and Haryana High Court ordered a physical inspection of internal roads in planned residential sectors of Gurugram to assess their actual width and condition. This decision follows a public interest litigation (PIL) challenging Haryana’s stilt-plus-four (S+4) construction policy. A bench comprising Chief Justice Sheel Nagu and Justice Sanjiv Berry established a three-member panel to conduct inspections and submit a report in ten days, with the case next scheduled for hearing on February 17. The commission will include an additional advocate general (or nominee), the petitioner’s counsel, and the secretary of the district legal services authority,…

Latest StoriesRegulatory

Gurugram Properties Registered Despite Ban; Officials Investigated

Sure! Here’s a rewritten version of the content in a more concise format: GURUGRAM: Revenue officials in Gurugram have been accused of violating laws and official directives by conducting questionable property registrations despite a ban imposed by the Town and Country Planning Department (TCP). The case involves the Bristol Hotel-cum-commercial complex on MG Road, where a property registry was executed on December 29, 2025, allegedly against TCP instructions. As a result, TCP Director Amit Khatri has suggested legal action against Naib Tehsildar Narendra for registering the deed with malicious intent, as outlined in a letter dated January 29 addressed to…

Latest StoriesResidential

6,000+ Affordable Homes in Gurugram: 4,728 Shortlisted Applicants

GURUGRAM: The district administration has received over 120,000 applications for the allocation of 6,743 affordable homes designated for economically weaker sections (EWS). The 1-BHK flats, priced at Rs 1.5 lakh each, are situated in private developer colonies and high-rise societies, providing beneficiaries with organized residential amenities. The booking process commenced on Thursday to ensure dignified housing for low-income families and facilitate their integration into planned urban environments, in line with the Chief Minister’s Urban Housing Scheme initiated by the Haryana government. Deputy Commissioner Ajay Kumar stated that the corporation received a total of 12,384 applications. Of these, 4,728 applications passed…

IndustryLatest Stories

Haryana Revenue Seeks PAN Details for High-Value Property Deals

CHANDIGARH: The Haryana Revenue and Disaster Management Department has instructed all deputy commissioners to submit any outstanding PAN details for high-value property deed registrations statewide without delay. A letter from Sumita Misra, the Financial Commissioner of the Revenue and Disaster Management Department, indicates that the Income Tax Department of the Government of India has requested PAN information for all buyers and sellers involved in deed registrations exceeding ₹30 lakh from the financial years 2019-20 to 2024-25. The department has already made consolidated data accessible through the Web-HALRIS portal, which facilitates deed registration and land records management. Tehsildars are advised to…

Latest StoriesResidential

No Affordable Housing Projects in 2 Years: Gurugram & Faridabad Buyers Priced Out

GURUGRAM: The dream of affordable housing is fading for homebuyers. What was once a hopeful promise is quickly becoming a distant mirage for many middle-class families in Gurgaon and Faridabad. For potential buyers, the situation is increasingly frustrating. “We’ve been waiting for affordable projects for years, but there are hardly any new launches. The available options are priced at Rs 2–3 crore, far beyond our budget,” lamented Rajesh Kumar Srivastava, a Sector 70 resident employed in the private sector. The state’s flagship housing policy has not produced new projects, even as property prices climb beyond reach. This policy aimed to…

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…