Tag: Gurugram

CommercialLatest Stories

Gurugram Council Demolishes Illegal Commercial Structure

GURUGRAM: On Wednesday, the Municipal Corporation of Gurugram (MCG) demolished a commercial building belonging to Congress member Rajesh Yadav and his brother in Sector 68. The demolition, which was overseen by the district town planner and a duty magistrate, escalated into a tense situation as Yadav confronted the enforcement team. According to District Town Planner (DTP) RS Batth, the structure was built on 1,000 square yards without the necessary approvals and was operating as a commercial facility. Batth noted that a furniture showroom, numerous offices, and other businesses were running from the site. As an earthmover dismantled the building, Yadav…

Latest StoriesRera

Delhi RERA Includes 2008 Project After Partial OC from MCD

GURUGRAM: The Delhi Real Estate Regulatory Authority (RERA) has mandated state-run NBCC Ltd to register its NBCC Plaza Complex at Saket—a completed property where allottees received possession 17 years ago—as an ‘ongoing project’ under the RERA Act of 2016. This directive, issued by a majority bench led by Chairperson Anand Kumar and Member Ajay Kumar Kuhar, followed a complaint from Gurgaon-based Rajeshwari Realty Pvt Ltd, one of the major stakeholders in the project. The complaint highlighted that NBCC failed to execute conveyance deeds, form an association of allottees, and manage common areas—key obligations outlined under the RERA framework. The bench…

Latest StoriesRegulatory

DTCP Launches Sealing Drive in Gurugram’s Sushant Lok 2 & 3

GURUGRAM: This week, the district town planner (enforcement) will initiate a significant sealing drive in Sushant Lok-2 and Sushant Lok-3, targeting unauthorized commercial activities and illegal constructions. Over 60 properties have received restoration orders, as many owners did not comply within the 10-day deadline. The sealing will occur in phases. Notices had already been issued to 24 properties running businesses like salons, guesthouses, and coaching centers, along with 36 properties found to have structural violations in stilt and setback areas. The enforcement effort in Sushant Lok-2 and 3 forms part of the DTCP’s broader plan to tackle encroachment in licensed…

IndustryLatest Stories

DLF Cyber City Secures ₹1,100 Crore via NCDs

NEW DELHI: DLF’s rental arm, DCCDL, has successfully raised Rs 1,100 crore by issuing non-convertible debentures through a private placement. According to a regulatory filing on Tuesday, the securities allotment committee of DLF Cyber City Developers Ltd (DCCDL) approved the allotment of 1,10,000 Non-Convertible Debentures (NCDs) totaling Rs 1,100 crore to eligible investors. These NCDs come with a coupon rate of 6.91 percent per annum, payable quarterly. DCCDL is a joint venture involving DLF and Singapore’s sovereign wealth fund GIC, with DLF owning nearly 67 percent of the partnership. The company has a vast operational portfolio, encompassing 44 million sq…

Latest StoriesResidential

Gurugram: Homebuyers protest as MRG Meridian flats remain undelivered

GURUGRAM: Homebuyers of the MRG Meridian project in Sector 89 held a protest, demanding timely possession of their long-delayed flats. The allottees, who participated in a draw on February 18, 2019, reported that the project received environmental clearance in October 2019 and was originally promised for possession by September 2023. Despite numerous follow-ups, the builder has not delivered the homes, resulting in a two-year delay. Protesters expressed that the builder’s recent assertion of having applied for an occupation certificate (OC) offers little comfort as families struggle with financial strain from the extended wait. “The builder’s claim of applying for an…

Latest StoriesRegulatory

ED Seizes ₹153 Crore in Universal Buildwell PMLA Case

CHANDIGARH: The Gurugram zonal office of the Directorate of Enforcement (ED) has provisionally attached properties valued at Rs 153.16 crore, belonging to the former promoters of M/s Universal Buildwell Private Limited and its affiliated entities, alongside their key associates. The attached assets encompass 29.45 acres in Behror, Rajasthan, several units at Universal Trade Tower, Sector 49, Gurugram, and a fixed deposit of Rs 3.16 crore, as per provisional attachment orders issued by adjudicating authorities last week. The ED also filed a chargesheet against the accused during this timeframe. The investigation was prompted by over 30 FIRs filed under various Indian…

Latest StoriesResidential

200+ M3M Golf Estate Residents Protest Builder in Gurugram

GURUGRAM: Over 200 residents of M3M Golf Estate in Sector 65, together with the Golf Estate Action Group (GEAG), staged a protest march on Sunday, accusing the developer of making “unilateral decisions” without including homeowners in key discussions. A primary concern was the non-disclosure and alleged misuse of the interest-free maintenance security (IFMS) fund, estimated at over Rs 100 crore. Residents claimed that proper accounting has not been provided despite repeated inquiries. Additional issues included unexpected increases in common area maintenance (CAM) and electricity (CAE) charges. The silent march commenced at 10 AM from Elevate Club, with residents carrying placards…

Latest StoriesRegulatory

Three Land Officials Linked to 254 Fraudulent Registries in Farrukhnagar

GURUGRAM: A probe has revealed that two tehsildars and a naib tehsildar in Farrukhnagar are implicated in facilitating fraudulent land registrations—at least 254 within four months. They reportedly converted agricultural land into urban plots and sanctioned illegal colonies, breaching various regulations. The officials are accused of manipulating property IDs and using forged documents to authorize these illegal registries, as outlined in an investigative report by the sub-divisional magistrate (Pataudi). According to the revenue department officials, these irregularities may have cost the state several crores. The report, reviewed by TOI, indicates that between April and August, tehsildar Navjeet Kaur authorized 94…

Latest StoriesResidential

Gurugram’s Garden Estate Faces Unapproved Structural Changes

GURUGRAM: The Department of Town and Country Planning (DTCP) has issued a notice to the Garden Estate Residents’ Welfare Association (RWA) in Sector 24 regarding unauthorized structural modifications made by homeowners. Officials stated that inspections conducted after numerous complaints revealed that several residents had expanded or altered their units without securing the necessary approvals. Garden Estate, a group housing society, prohibits individual changes without authorization, and the RWA has been instructed to monitor and report such activities promptly. Failure to comply could lead to legal repercussions, as resident bodies are responsible for upholding urban planning regulations. DTP (enforcement) Amit Madholia…

Latest StoriesRera

Haryana RERA Directs Ansal Housing, Samyak to Compensate Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has mandated realtors Ansal Housing and Samyak Projects to compensate a homebuyer due to delays in the Ansal Hub 83 Boulevard project. In a ruling on Sept 18, the authority ordered the companies to pay interest of 10.9% per annum on the amount of ₹11,73,594 starting from the due possession date of April 21, 2019. The realtors are required to comply within 90 days. The authority also reversed the builders’ unilateral cancellation of the unit, labeling it as “legally invalid.” Due to the original unit being sold to a third party, the…