Tag: Gurugram

Latest StoriesRegulatory

Gurugram body cracks down on tax defaulters, seals properties

GURUGRAM: In a strengthened effort to address property tax defaulters, the MCG has sealed three properties located in Ambience Island. These properties have outstanding dues totaling Rs 3 crore. Despite numerous notifications and warnings, the owners have failed to clear the amounts owed. This operation was executed by Rajesh Yadav, the zonal taxation officer of zone 3. MCG Commissioner Pradeep Dahiya stated that the municipal body is engaged in an ongoing campaign against tax defaulters. “Property tax serves as the primary revenue for the corporation, funding various development projects in the city. Hence, we will take stringent measures against those…

InfrastructureLatest Stories

DTCP Cracks Down on Unauthorized Warehouses in Gurugram

GURUGRAM: The Department of Town and Country Planning (DTCP) has initiated consecutive demolition drives to tackle the issue of unauthorized constructions on the city outskirts, supported by a substantial police presence. In Bilaspur, two illegal warehouses spanning approximately 25,000 sq ft and a 200 m boundary wall were demolished. One day prior, enforcement teams dismantled two unauthorized colonies covering 7 acres in Farrukhnagar, destroying 14 structures, an under-construction house, and the entire road network. According to DTCP officials, these actions are part of an ongoing initiative to eliminate unauthorized colonies and warehouses placed on agricultural and revenue land, especially in…

Latest StoriesRera

Haryana RERA Requires Ireo to Pay 11% Interest to NRI Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRERA) has instructed Ireo Private Ltd to pay an annual delay interest of 10.8% to UK-based allottee Balraj Singh for failing to deliver possession of a plot in its Ireo City project in Sector 60 on schedule. Singh acquired a 314 sq-yard plot back in 2011 but was only offered possession in December 2021, with the actual handover occurring a year later, following multiple delays and a reduction in plot size. Since the project was approved in 2014 and the original delivery date was set for 2017, the Authority concluded that Singh experienced…

InfrastructureLatest Stories

Sewage Releases in Gurugram: Upcoming Checks at Housing Societies

GURUGRAM: DS Dhesi, the principal advisor for urban development in Haryana, has instructed officials to inspect sewage treatment plants (STPs) in residential areas from sectors 82 to 115. This decision comes after multiple complaints regarding treated wastewater being discharged into vacant land and the Badshapur leg 3 drain. Dhesi emphasized the seriousness of this environmental issue, stating that stringent measures would be taken against offenders. “Reports indicate that some societies between Sectors 82-115 are releasing untreated water from their STPs into vacant plots and the Badshapur leg 3 drain, which poses a significant risk to the environment,” he stated. He…

IndustryLatest Stories

Signature Global to raise ₹875 crore next week through NCDs

NEW DELHI: Signature Global Ltd, a real estate firm, plans to raise Rs 875 crore next week through non-convertible debentures (NCDs) targeted at investors. In a regulatory filing on Thursday, the company announced that its Debenture Committee has approved the issuance of 87,500 NCDs, with a face value of Rs 1 lakh each, totaling Rs 875 crore via private placement. The NCDs, which have a coupon rate of 11%, will have a tenure of 3 years, 2 months, and 30 days, with allotment slated for October 16, 2025, and maturity on January 15, 2029. Earlier in June, the board of…

InfrastructureLatest Stories

Protest by Slum Dwellers Against Eviction in Delhi-Gurugram

GURUGRAM: On Wednesday at approximately 11am, HSVP officials encountered significant resistance while attempting to remove illegal slums along the Old Delhi-Gurgaon Road in Sector 12A. Congress leaders Pankaj Dabar and Seema Pahuja arrived at the scene with party supporters, urging HSVP officials—including estate officer Rakesh Saini—to provide a 10-day extension for the residents. RS Bhatth, the district town planner (enforcement), was also present as the duty magistrate. Protesters, including slum dwellers and Congress workers, blocked roads with posters and yelled slogans against the government, demanding rehabilitation prior to any demolition. In response, a police force consisting of approximately 500 officers…

Latest StoriesResidential

Buyers at Aashiyara 37C Protest After 7 Years of Delays

GURUGRAM: Hundreds of homebuyers from Aashiyara 37C staged a protest, claiming they have not received possession of their homes despite nearly full payment made years ago. The demonstration occurred near the residence of Haryana cabinet minister Rao Narbir Singh, where a detailed memorandum was submitted seeking intervention. Many allottees reported paying 100% of their dues nearly three years ago, yet they have neither received possession nor a timeline for completion. The developer, M/s Renuka Traders Pvt Ltd, has allegedly changed delivery dates 12 times, failing to meet any deadlines. Attempts to reach the developer for comment were unsuccessful. Allottee Gautam…

InfrastructureLatest Stories

Gurugram Metro Phase-I Delayed by Encroachments Post-Launch

GURUGRAM: Almost a month after a ceremonial ground-breaking for the new metro line, there is minimal activity on-site. The agency responsible for the first phase of the 15.3 km corridor has yet to deploy machinery or workers, leaving progress stalled. The GMRL has designated a 5.2-hectare plot in Sector 33 for a casting yard, where precast pillars and segments for the metro will be manufactured before transportation to construction sites. A visit from the Times of India to the location on Friday revealed parked truck-trolleys and makeshift structures on the site. While some initial earth-levelling has commenced, encroachments are hindering…

IndustryLatest Stories

Developers in Gurugram’s Matri Van Earn Green Credits for Trees

GURUGRAM: Developers planting trees in the Matri Van area can now earn green credits, announced Union Environment Minister Bhupender Yadav on Thursday. The Matri Van covers approximately 750 acres in the Aravali range. Initially launched as a “memory forest” for organizations and companies to plant saplings in honor of loved ones or under corporate social responsibility (CSR) initiatives, the project has transitioned from a symbolic effort to one where planted saplings can yield credits—akin to carbon credits—that can be sold or used against future environmental obligations. Yadav noted that plantations achieving 40% crown cover on degraded lands within five years…

InfrastructureLatest Stories

HC Petitioned by Dwarka Expressway Residents for Connectivity

GURUGRAM: Residents in new sectors along the Dwarka Expressway have approached the Punjab and Haryana High Court, requesting intervention for the construction of 24-metre and 30-metre internal sector roads. According to residents, the absence of these roads obstructs access to homes, delays emergency services like ambulances and fire trucks, and poses dust and safety hazards in the area. This action follows repeated appeals to civic and planning authorities that resulted in minimal progress. The resident group, Dwarka Expressway Gurugram Development Association (DXP GDA), filed a writ petition through advocate Seema Nain, who stated that “judicial intervention is now the only…