Tag: Gurugram

Latest StoriesResidential

206 Families at Unitech Fresco, Gurugram Get OCs After 10 Years

GURUGRAM: After nearly a decade of waiting, 206 families residing in four towers of Unitech Fresco in Sector 50 have finally received their occupation certificates (OCs), providing them with long-awaited legal security for their homes. The town and country planning department (DTCP) issued a part OC for towers 14 to 17 on Tuesday, marking the final approval needed for the residential buildings within the project. Now, every tower in Fresco has received an occupation certificate. The delay extended far beyond a simple regulatory pause. Without an OC, property registrations were stalled, obtaining home loans became challenging, and selling or mortgaging…

IndustryLatest Stories

Signature Global Q1 FY27 pre-sales drop 25% to ₹1,970 crore

NEW DELHI: Signature Global recorded pre-sales of ₹1,970 crore in Q1 FY27, marking a 25% decline from ₹2,640 crore in Q1 FY26. The average sales realization rose to ₹17,093 per sq ft in Q1 FY27, up from ₹15,250 per sq ft in FY26. Collections amounted to ₹670 crore in Q1 FY27, compared to ₹930 crore in Q1 FY26. The company’s net debt increased to ₹390 crore at the end of Q1 FY27 from ₹200 crore at the close of FY26. As of June 30, 2026, it had cash and bank balances, including fixed deposits, of ₹2,522 crore. Chairman and whole-time…

IndustryLatest Stories

HSVP Seeks 196 Acres for Housing Hub near Aravalis

Representative AI image GURUGRAM: HSVP has begun the procurement process for 196 acres of land from willing owners across eight villages in Gurgaon under the e-Bhoomi scheme. The largest parcel identified is 107 acres in Shikohpur, designated for a residential sector near the Aravalis. The proposal is currently under review at HSVP headquarters, with negotiations with landowners set to commence only after approval, according to officials. Shikohpur, located along the Delhi-Jaipur highway, accounts for over half of the land offered by farmers. Officials indicated that property owners in the village prefer to sell approximately 107 acres voluntarily rather than through…

Latest StoriesRera

Haryana RERA Orders Godrej to Deliver Delayed Flats, Pay Interest

GURUGRAM: After eight years of delays in a Sohna residential project, the real estate regulator has instructed the developer to transfer possession of the unit to buyers and pay interest for the delay until the handover occurs. The Haryana Real Estate Regulatory Authority (HRera) also prohibited Godrej Highview from imposing any unapproved charges and provided any necessary relief. The buyers — Ravi Kant Thakral, Minakshi Thakral, and Anuj Thakral — contended that their apartment in Sector 33 was supposed to be delivered by June 30, 2023. They purchased the flat in Tower T4 of the Godrej Nature Plus project in…

Latest StoriesRegulatory

SC Freezes Parsvnath Developers’ Accounts, Issues Warrants

NEW DELHI: In a strong condemnation of the “blatant negligence” exhibited by Parsvnath Developers, a Haryana-based real estate firm, the Supreme Court on Monday froze the bank accounts of the company and its directors, issuing bailable warrants against the leadership due to a two-decade-long struggle faced by senior citizens in securing their homes. A bench led by Chief Justice of India Surya Kant criticized Haryana authorities for their inability to implement orders from the Haryana Real Estate Regulatory Authority (HRERA) against the firm, highlighting severe concerns about the Real Estate (Regulation and Development) Act, 2016’s effectiveness in providing relief to…

CommercialLatest Stories

NCR Office Leasing Drops 1% to 7.2M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, the National Capital Region (NCR) saw gross office leasing reach 7.2 million sq ft, reflecting a slight one percent decrease compared to the previous year, as detailed in a report by Knight Frank India. Office completions amounted to four million sq ft during this timeframe, marking a two percent decline year-on-year. Overall, the total office stock in NCR has risen to 208.1 million sq ft, registering a five percent annual increase. Average transaction rents saw a significant rise of 13 percent year-on-year, reaching ₹106 per sq ft per month in H1 2026.…

Latest StoriesResidential

NCR Housing Sales Drop 7% to 24,862 Units in H1 2026

NEW DELHI: The National Capital Region (NCR) saw residential sales reach 24,862 units in H1 2026, a seven percent decline from 26,795 units in H1 2025, as per Knight Frank India’s report. During the same period, new launches fell by five percent year-on-year, totaling 23,877 units compared to 25,233 units last year. Gurugram led the NCR residential market, representing 50 percent of new launches and 42 percent of total sales in H1 2026. Knight Frank noted that Gurugram’s launch pipeline is predominantly in the premium and luxury segments, with nearly all new projects starting above the ₹2 crore price point.…

Latest StoriesResidential

DTCP Audits Ramprastha Primera in Gurugram Amid Balcony Concerns

GURUGRAM: The Department of Town and Country Planning (DTCP) has mandated a thorough structural audit of Ramprastha Primera in Sector 37D following concerns raised by residents regarding the safety of the group’s balconies and other structures. In directives issued to Ramprastha Promoters & Developers Pvt. Ltd., district town planner (enforcement) Amit Madholia has instructed the developer to carry out a comprehensive structural audit at its own expense. This assessment must be conducted by one of the four engineers approved by the panel led by Gurgaon’s additional deputy commissioner and should commence within the next 15 days. The order came after…

Latest StoriesResidential

Gurugram: Imperia Esfera Residents Seek Structural Audit

GURUGRAM: A balcony section collapsed at a luxury apartment complex in Sector 37D on a rainy Thursday morning, according to police reports. Fortunately, there were no immediate injuries reported. The incident took place in Tower E of the Imperia Esfera Phase-2 complex, where residents heard a loud noise as part of the first-floor balcony fell. A resident noted that although people were walking underneath the balcony at the time, no one was struck by the debris, and there were no reported injuries. Authorities arrived promptly and cordoned off the area. An investigation has been initiated, and inspections are underway. This…

Latest StoriesRegulatory

Punjab & Haryana HC Halts New Allotments in Gurugram Project

NEW DELHI: The Punjab & Haryana High Court has issued an order preventing IREO Group entities and Oberoi Realty from making new allotments or establishing third-party rights in a residential project located in Gurugram until the Haryana Department of Town and Country Planning (DTCP) reviews a complaint submitted by Advance India Projects. The interim order, issued on July 7, 2026, relates to the ‘Three Sixty North’ project on Golf Course Extension Road in sector 58, Gurugram. In a regulatory announcement, Oberoi Realty stated that the court’s directive does not affect existing sales and does not halt construction work. The company…