Tag: Gurugram

InfrastructureLatest Stories

Extend Airport Metro to New Gurugram, RWAs urge minister

GURUGRAM: Representatives from RWAs in new sectors met Union Minister Rao Inderjit Singh on Monday, advocating for the extension of the Delhi Airport Metro line to new Gurgaon, which would serve sectors along the Dwarka Expressway corridor. They also requested bus services to connect Gurgaon with Yashobhoomi and Dwarka Sector 24 to improve last-mile connectivity for daily commuters. RWA representatives highlighted that despite rapid urbanization and increasing population density along the Dwarka Expressway, transport options remain limited. Improved connectivity, they argued, would alleviate reliance on private vehicles and enhance access to Delhi and the airport for residents. “Currently, there is…

Latest StoriesRegulatory

FIRs Planned Against 214 in Gurugram for Illegal Housing & Eateries

GURUGRAM: In a strong move against illegal colonies, unauthorized dhabas, and warehouses, the district town planner has recommended filing 15 FIRs against 214 individuals. Of these, 11 FIRs are proposed against 208 landowners involved in illegal plotting of 23.55 acres, while four additional FIRs target six individuals for constructing unauthorized dhabas and warehouses in restricted areas, according to officials from the district town planning and enforcement (DTPE). The extensive violations are subject to the Haryana Development and Regulation of Urban Areas Act, 1975, and the Punjab Scheduled Roads and Controlled Areas Restriction of Unregulated Development Act, 1963. Amit Madholia, the…

Latest StoriesResidential

Haryana: Builders required to reserve 15% flats for EWS

Representative image GURUGRAM: The state government has unveiled a new policy for allocating plots and flats to Economically Weaker Sections (EWS) within licensed colonies, superseding the 2021 guidelines. The revised policy mandates that developers allocate 20% of plots and 15% of flats for EWS beneficiaries. This policy is applicable to all licensed residential colonies across the state, including plotted and group housing projects approved by the Town and Country Planning (TCP) Department. It encompasses major urban areas such as Gurgaon, Faridabad, Panchkula, Sonipat, Panipat, Rohtak, Hisar, and Karnal, along with newly licensed townships and sectors developed under the Haryana Development…

CommercialLatest Stories

Google Secures 617,000 Sq Ft Office in Gurugram

NEW DELHI: Google, the American tech powerhouse, has secured a lease for 617,000 sq ft at Atrium Place Gurugram, a collaboration between DLF and Hines. This deal stands out as one of the largest office space transactions this year, according to two sources familiar with the matter. Details regarding the lease duration and financial arrangements remain undisclosed. This agreement follows Google’s prior lease of 550,000 sq ft at a commercial complex in Gurugram through managed workspace provider Table Space. “Google is deeply committed to India and is expanding its office spaces accordingly,” one of the sources noted. “The company has…

Latest StoriesRegulatory

FIR Against Ocean Seven Buildtech for ₹217 Crore Housing Scam

GURUGRAM: The Economic Offences Wing (EOW) of Delhi Police has initiated an FIR against Ocean Seven Buildtech Pvt. Ltd. (OSB) and its Managing Director Swaraj Singh Yadav for allegedly deceiving homebuyers and misappropriating funds from the Expressway Towers project in the region. Launched in December 2016 under the Pradhan Mantri Awas Yojana (Urban), the project has yet to be completed, despite receiving over ₹217 crore, which amounts to over 95% of the buyer payments. The project, which includes 1,089 flats (1BHK and 2BHK) situated across 7.5 acres, had promised possession by 2022. The FIR, lodged on October 15, resulted from…

IndustryLatest Stories

Signature Global secures ₹875 crore through debentures for growth

I visualize the growth potential of non-convertible debentures (NCDs) with a rising graph against a cityscape. NEW DELHI: Realty firm Signature Global Ltd has successfully raised Rs 875 crore through the issuance of non-convertible debentures (NCDs) aimed at repaying existing debt and fostering business expansion. The company announced in a regulatory filing on Friday that its debenture committee has approved the allocation of 87,500 NCDs, each with a face value of Rs 1 lakh, amounting to a total of Rs 875 crore, under private placement. Although Signature Global did not disclose the identities of the investors who subscribed to these…

Latest StoriesRera

H-RERA Adds Member to Restore Quorum for Faster Case Disposal in Gurugram

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has fully restored its quorum with the addition of a new member. Recently, the Gurgaon bench of HRera appointed Phool Singh Saini, completing its four-member team. This change is expected to expedite the resolution of complaints from homebuyers, according to an official statement from the Authority. Saini’s appointment fills the position left by the retirement of SK Arora in August 2024, thus reinstating the full quorum with chairman Arun Kumar, and members Ashok Sangwan, VK Goel, alongside Saini. With over two decades of judicial experience in Haryana, Saini is anticipated to enhance…

InfrastructureLatest Stories

Gurugram to Map Water Infrastructure by Mid-November

GURUGRAM: The MCG has set a deadline of November 15 for the completion of the digital mapping of the city’s entire water infrastructure. Executive engineers have been instructed to direct junior engineers to gather data on the water infrastructure, including pipelines, boosters, valve lines, and tube wells. This information will be sent to the MCG’s Geographic Information Systems (GIS) lab to finalize the mapping. The initiative is aimed at addressing data deficiencies that hinder the civic body’s ability to monitor water supply, manage consumption, and recover payments. MCG is implementing an integrated IT system and plans to phase out tube…

Latest StoriesRera

Haryana RERA: Agrante Realty to Pay 11% Interest for Delay

Here’s the rewritten content: GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) bench in Gurugram has mandated Agrante Realty to pay a 10.9% annual interest as compensation for delayed possession to a homebuyer in their Kavyam affordable housing project located in Sector 108. This ruling, issued on October 8, was a result of the builder’s failure to deliver the flat despite having received nearly full payment by 2022. Homebuyer Alok Ranjan Tripathi booked his flat in 2019, signing the apartment buyers agreement on August 29 of the same year, which set the possession deadline as August 31, 2023. Agrante was…

IndustryLatest Stories

Signature Global Pre-Sales Reach ₹46.5 Billion in H1 FY26

NEW DELHI: Signature Global has announced pre-sales of ₹46.5 billion for H1 FY26, alongside collections of ₹18.7 billion for the same timeframe. In Q2 FY26, pre-sales reached ₹20.1 billion, with collections increasing to ₹9.4 billion. The average sales price during this quarter was ₹15,000 per sq ft, compared to ₹12,457 per sq ft in FY25. The company’s net debt has slightly increased to ₹9.7 billion due to the purchase of 33.47 acres of land in the key Sohna micro-market, which has a development potential of approximately 1.76 million sq ft. Chairman and whole-time director Pradeep Kumar Aggarwal stated, “We continue…