Tag: Gurugram

Latest StoriesResidential

300+ Gurugram Projects Violate Norms, Bypass STP Checks

GURUGRAM: More than 300 real estate and commercial projects in the city have failed to install the mandatory analysers on their sewage treatment plants (STPs). Documents obtained through the RTI Act reveal this includes several prominent group housing societies, IT parks, and shopping malls. STP analysers are essential for an environmental management system, providing real-time data on critical parameters such as pH levels, chemical oxygen demand (COD), and biochemical oxygen demand (BOD), to ensure wastewater treatment complies with discharge standards. The list, revealed by the Haryana State Pollution Control Board (HSPCB) in response to an RTI request from local resident…

IndustryLatest Stories

Signature Global Targets 92% Growth by FY26

NEW DELHI: Realty firm Signature Global Ltd aims to boost its operational revenue by 92% this fiscal year, fueled by strong sales in its residential projects across Gurugram. According to its latest investor presentation, the company is targeting revenue of ₹4,800 crore for this financial year. Signature Global’s operational income reached ₹2,498.02 crore during the 2024-25 fiscal year. The company mentioned that it has “achieved around 19% of guidance.” It anticipates increased momentum in the upcoming quarters, driven by timely construction completions. In the real estate segment, revenue recognition can occur either upon project completion or via the percentage-of-completion method.…

InfrastructureLatest Stories

Illegal Colonies, Kiosks Removed for Plot Sales in Gurugram

GURUGRAM: The Department of Town and Country Planning (DTCP) has executed a demolition and sealing operation aimed at unauthorized structures in urban areas throughout the city. During the operation carried out on Friday, four unauthorized colonies covering 9.5 acres, 18 boundary walls, one under-construction building, two Pota cabins utilized for selling plots, and an entire network of illegally laid CC roads were demolished. Additionally, in the licensed colony of Celebrity Homes in Palam Vihar, an illegally constructed departmental store—Fresh Mart—located in the stilt area was sealed. Officials also demolished a 7-acre illegal colony in Carterpuri a day prior, dismantling 12…

IndustryLatest Stories

Signature Global India Q1 FY26 Net Profit at ₹34.43 Crore

NEW DELHI: Signatureglobal (India) has reported a consolidated net profit after tax of ₹34.43 crore for the quarter ending June 30, 2025, a significant increase from ₹6.79 crore in the same quarter last year, according to a BSE filing. The company’s total net consolidated income for Q1 FY26 reached ₹898.35 crore, marking a 109.90% growth from ₹427.98 crore recorded in the same period last year. Pradeep Kumar Aggarwal, chairman and whole-time director of the company, stated, “Capitalizing on the strong momentum from FY25, we achieved impressive performance in the first quarter of FY26, with our operational revenue doubling year-on-year.” The…

InfrastructureLatest Stories

Three New Plants Coming to Combat Construction Waste in Gurugram

Representative image created by AI GURUGRAM: The Municipal Corporation of Gurugram (MCG) is set to establish three facilities for processing construction and demolition (C&D) waste throughout the city. A senior MCG official stated, “Discussions have begun, and we aim to have these plants operational before the next monsoon season.” A major facility with a capacity of 2,000 tonnes per day (TPD) is proposed near the Global City project. The second facility will be located at the Bandhwari landfill site, which currently holds about 12 lakh metric tonnes (MT) of legacy waste, and will have a capacity of 400-500 TPD. The…

Latest StoriesRera

Haryana RERA Issues Notice to Ramprastha Developers

GURUGRAM: The Real Estate Regulatory Authority (HRera) has issued a show-cause notice to Ramprastha Promoters & Developers Pvt Ltd, demanding compliance with pending orders or face civil imprisonment. This action follows the recent arrest of the company’s directors, Arvind Walia and Sandeep Yadav, by the Enforcement Directorate (ED) in connection with a ₹1,100-crore money laundering case involving over 2,000 defrauded homebuyers. The notice states: “Show cause as to why you, being promoters, should not be detained in civil prison under Section 40(1) of the Real Estate (Regulation and Development) Act, 2016, for a term not exceeding three months for failing…

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DLF’s Q1 FY26 Net Profit Jumps 18.3%

NEW DELHI: DLF has announced an 18.30% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹762.67 crore in Q1 FY26, compared to ₹644.67 crore during the same period last year, according to a filing with the BSE. The company recorded a net consolidated total income of ₹2,980.88 crore in Q1 FY26, marking a remarkable 72.32% rise from ₹1,729.82 crore in the previous year’s corresponding quarter. Sales bookings for the first quarter stood at ₹11,425 crore, showcasing a year-on-year growth of 78%. The net cash position improved to ₹7,980 crore by…

InfrastructureLatest Stories

Gurugram Advances with Phase-I Metro Corridor Bids

Representative image created by AI GURUGRAM: GMRL is set to award the contract for the first phase of the Millennium City Centre-Cyber City in about a month and aims to kick off construction by September this year. Officials announced on Sunday that bids for the first phase of the new metro corridor have been assessed. The joint venture of Dilip Buildcon Ltd (DBL) and RBL is currently the lowest bidder for the construction contract, although the evaluation process remains ongoing. “The evaluation is nearing completion. We expect to finalize everything within this month and aim to commence construction by September.…

Latest StoriesRera

Haryana RERA Fines Shine Buildcon for 4-Year Handover Delay

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRERA) has mandated that a real estate company pay an annual interest of 11.1% to a complainant due to a delay exceeding four years in the delivery of a commercial unit in its Sector 70 venture, ‘70 Grandwalk’. The complaint, lodged under Section 31 of the RERA Act, was resolved on July 24 by HRERA (Gurgaon). The authority specified that the interest must be disbursed within 90 days of the order’s date. Additionally, Shine Buildcon Pvt Ltd has been ordered to transfer possession within 30 days upon the complainant settling dues and to…

Latest StoriesRegulatory

FIR Filed Against Ansals, Officials in Farmhouse Land Fraud

Representative image created by AI GURUGRAM: After a decade of a complaint regarding extensive land manipulation, the Anti-Corruption Bureau (ACB) initiated an FIR on Friday against Ansal Housing, its partner firms, a former patwari, and officials from the revenue department for constructing illegal farmhouses in the Sohna Aravalis. These officials have been charged with altering the classification of land from ‘gair mumkin pahad’ (protected uncultivable hills per the Punjab Land Preservation Act) to ‘farmhouse’, ‘roads’, and ‘houses’ in revenue records dating back to 1995. This alteration allowed the development of farmhouses on protected Aravali land, breaching the Aravali Notification of…