Tag: Gurugram

InfrastructureLatest Stories

Concerns Over SC’s 100-Metre Mining Definition for Aravali Watchers

NEW DELHI | GURUGRAM: The Supreme Court’s endorsement of the Union Environment Ministry’s definition of the Aravalis as hills rising at least 100 metres in elevation has raised alarm among environmentalists. They fear it may influence broader applications beyond mining. The ongoing drafting of the NCR master plan – Regional Plan 2041 – is crucial, as the classification of the Aravalis will play a pivotal role in safeguarding natural conservation zones (NCZ). Recently, the Haryana government proposed a definition for the Aravalis that incorporates minimum age and height criteria set by the mining department. This definition only acknowledges hills with…

Latest StoriesResidential

Central Park invests ₹2,000 crore in Dwarka Expressway project

NEW DELHI: Central Park is set to invest ₹2,000 crore in a new residential project named Delphine along the Dwarka Expressway. Funding will come from internal accruals and capital finance. The project will span 7.85 acres in Sector 104, Gurugram, and will be developed in three phases, with construction anticipated to start in 2026 and completion expected by 2032. The development will be managed in-house. The high-rise complex will feature six towers, including serviced studio and one-bedroom apartments, as well as 3BHK and 4BHK units. The company forecasts sales revenue of approximately ₹3,500 crore from this project. Pricing for studio…

Latest StoriesRegulatory

SC upholds Centre’s Aravali Hills definition, bans new mining leases

NEW DELHI: In a significant ruling to protect the world’s oldest mountain systems, the Supreme Court has adopted a uniform definition for the Aravali Hills and Ranges, prohibiting new mining leases in these areas across Delhi, Haryana, Rajasthan, and Gujarat until expert reports are finalized. On Thursday, Chief Justice B R Gavai, in the court’s ruling, endorsed the recommendations from a committee under the Ministry of Environment, Forest and Climate Change (MoEF&CC) aimed at safeguarding the Aravali Hills and Ranges. The term “Aravali Hill” will refer to any elevated landform within designated Aravali districts that stands at least 100 meters…

Latest StoriesRera

Haryana RERA Directs Ocean Seven Buildtech to Refund Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority has instructed a builder to refund Rs 7,30,000 to an allottee following the cancellation of a flat due to non-payment of dues. Sachin Kumar contested the cancellation of his unit in Expressway Towers under the affordable housing initiative in Sector-109. The total cost of the unit was Rs 12,28,000, with Kumar having paid Rs 7,31,251, representing 60% of the total price. The builder issued a cancellation notice on September 3, 2021, for non-payment of the remaining balance. On November 13, the Authority ordered Ocean Seven Buildtech to refund the paid amount of Rs…

InfrastructureLatest Stories

Gurugram Suffers from Construction Dust Amid GRAP-III Violations

GURUGRAM: Air quality in the city has continued to worsen, largely due to construction dust from ongoing projects flouting GRAP-III restrictions that were instituted earlier today. In defiance of the ban, construction work is still taking place in areas such as Sector 28, Sushant Lok, Sector 53, and Sector 112. According to the GRAP guidelines, civic authorities are tasked with enforcing rigorous site inspections, impounding visibly polluting vehicles, and implementing dust control measures at all construction and demolition (C&D) sites. The Haryana State Pollution Control Board (HSPCB) is also required to evaluate compliance and periodically shut down any non-compliant sites.…

InfrastructureLatest Stories

Gurugram RWAs Given Six Weeks to Repair Rainwater Systems

Representative image GURUGRAM: During a recent inspection, nearly 90% of rainwater harvesting systems in high-rise societies were found to be non-functional. As a result, the GMDA has instructed developers and resident welfare associations (RWA) to restore these systems within four to six weeks. They must also provide proof of functionality by December 31. After the deadline, nodal officer R S Bath and his team will conduct random inspections of societies to confirm if their water harvesting systems are operational. Since May 2020, the MCG has mandated these systems for all residential buildings, group housing societies, schools, hotels, and industrial establishments…

InfrastructureLatest Stories

Builders Commit to Compliance as GRAP Stage-III Begins in NCR

NEW DELHI: As air quality in Delhi-NCR deteriorates to ‘severe’ levels, the Commission for Air Quality Management (CAQM) has implemented Stage-III of the Graded Response Action Plan (GRAP), enforcing immediate restrictions on construction and demolition activities in the area. Real estate developers and industry organizations have committed to adhering to these directives, underscoring their environmental responsibility by adopting dust control and pollution reduction measures at all active sites. Pradeep Aggarwal, founder and chairman of Signature Global (India), stated, “Although temporary restrictions on construction may necessitate short-term changes, such actions are vital for promoting environmental sustainability and public health. Our teams…

CommercialLatest Stories

91Springboard Leases 100K Sq Ft Workspaces in Mumbai & Gurugram

NEW DELHI: 91Springboard, a workspace solutions provider, has launched two new centers in Mumbai and Gurugram. Together, the two hubs cover approximately 100,000 sq ft and are expected to be operational by the next quarter. The Mumbai center, located at Hiranandani Business Park, LightHall in Andheri East, spans 40,000 sq ft, while the Gurugram center at DLF World Trade Park covers 60,000 sq ft. To date, the company has added half a million sq ft of space in 2025 and aims to reach an additional million by the end of this fiscal year. Currently, it manages over 1.64 million sq…

Latest StoriesRegulatory

Charges Filed Against SRS Group Promoters in ₹2,200 Cr Scam

Representative image GURUGRAM: A significant development in one of North India’s largest real estate fraud cases has emerged as a PMLA court has charged key officials and promoters of the SRS Group in connection with a ₹2,200-crore money laundering investigation led by the Enforcement Directorate (ED). The court’s order, issued on Nov 3, lists charges against Anil Jindal, the promoter-director of SRS Group, along with Vinod Jindal, Bishan Bansal, Rajesh Singla, Vinod Kumar Garg, Navneet Kwatra, Seema Narang, Dheeraj Gupta, and Devender Adhana. Charges have also been filed against three corporate entities: SRS Real Estate, Horizon Global, and SRS Finance.…

IndustryLatest Stories

BPTP Plans to List Its Real Estate Venture

BPTP Ltd is in the process of selecting a merchant banker to facilitate the listing of its real estate division, according to sources familiar with the matter. This Delhi-NCR-centric firm, boasting a land bank of 45-50 million sq ft, is planning to roll out projects valued at Rs 10,000 crore annually, along with establishing a distinct rental portfolio. CEO Manik Malik refrained from providing comments on the IPO plans, but mentioned that the company possesses enough land resources to launch projects worth Rs 40,000 crore, with intentions to continue acquiring strategically located land parcels. “In recent years, we have focused…