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…

Latest StoriesRegulatory

DTCP Demolishes Illegal Structure in Emaar Palm Hills, Gurugram

Representative image created by AI GURUGRAM: The Department of Town and Country Planning (DTCP) has demolished an unauthorized meeting hall constructed by the Residents’ Welfare Association (RWA) of EMAAR Palm Hills in Sector 77. This structure was built in a shared open space without DTCP’s approval, contravening the designated layout plan. The department emphasized that a resolution passed in a general body meeting does not grant RWAs the legal authority to erect permanent or semi-permanent structures, particularly in green belt areas or public spaces as indicated in the layout plan. The department has warned RWAs against similar infractions in the…

Latest StoriesRera

Haryana RERA Orders 11% Refund to Builder in Restaurant Dispute

GURUGRAM: The Haryana Real Estate Regulatory Authority (H-Rera) has directed a developer to refund the amount paid by a buyer for opening a restaurant in Sector 109. However, the cancellation of the booking was upheld as no agreement was signed between the two parties. The complaint was raised by Atombridge Networks, which had reserved a restaurant unit in the Neo Square project in Sector 109 and paid a booking amount of ₹2.5 lakh as an advance on September 2, 2018. The firm made additional payments, totaling ₹42.5 lakh, despite a builder-buyer agreement not being executed. The complainant claimed that the…

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ATS Infrastructure repays ₹190 crore SWAMIH fund early

NEW DELHI: ATS Infrastructure has repaid ₹190 crore to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I, which includes ₹133 crore in principal and ₹57 crore in interest. This repayment pertains to its residential project ATS Marigold located on the Dwarka Expressway in Gurugram. The project had encountered construction delays due to the NBFC crisis in 2018 and disruptions caused by the COVID-19 pandemic. It was revitalized with last-mile funding from the government-backed stress resolution fund. Currently, the project is fully completed, and all six towers have secured occupation certificates (OCs) from the authorities. The fund…

IndustryLatest Stories

ATS Infrastructure repays ₹190 crore SWAMIH fund early

NEW DELHI: ATS Infrastructure has repaid ₹190 crore to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I. This sum includes ₹133 crore as the principal amount and ₹57 crore in interest for its ATS Marigold residential project on the Dwarka Expressway in Gurugram. The project encountered construction delays due to the NBFC crisis in 2018 and interruptions from the COVID-19 pandemic. It saw a revival through last-mile funding from the government-backed stress resolution fund. The project is now complete, with all six towers receiving occupation certificates (OCs) from the authorities. When the fund invested in February…

Latest StoriesRegulatory

SC Seeks Early Hearing on Haryana’s S+4 Policy

GURUGRAM: The Supreme Court has dismissed a special leave petition (SLP) that contested Haryana’s stilt+4 construction policy, permitting the petitioner to seek interim relief from the Punjab and Haryana High Court. This case has generated significant public interest, particularly among residents and civic organizations who have raised concerns about uncontrolled urban expansion and its impact on infrastructure. The petition, submitted by Sunil Singh, challenged the Haryana government’s notification dated July 2, 2024, which authorizes stilt+4 floor constructions on residential plots. Critics argue that these developments further strain the city’s already burdened infrastructure, including water supply, sewage treatment, drainage systems, and…

Latest StoriesResidential

Gurgaon plans significant increase in circle rates

GURUGRAM: Property prices in Gurugram are poised for a significant increase, with the district administration proposing a rise in circle rates ranging from 8% to 77% for residential areas, and up to 145% for agricultural land. Circle rates represent the minimum price at which land or property can be sold and are legally binding, unlike market rates that fluctuate based on demand and supply. The proposed increases, particularly in premium neighborhoods such as DLF I-V, South City, Suncity, Sushant Lok, and Golf Course Road, are suggested to be around 10-20%. For luxury flats in DLF Aralias, The Magnolias, and Camellias…

Latest StoriesRegulatory

NGT Sends Notices to Haryana on Aravalis Environmental Violations

GURUGRAM: The National Green Tribunal (NGT) has acknowledged environmental violations in the ecologically sensitive Aravali forest area near Suncity, Sector 54, and has issued notices to the Haryana government, forest department, and pollution department for clarification. The next hearing is scheduled for October 29, 2025. The tribunal was presented with a petition from a local resident claiming that over 10 acres of Aravali land in Sector 54 has been encroached upon. The petition outlines several violations on the forestland, which include the construction of unauthorized structures, the creation of a parking lot, illegal borewell installations, and incidents of light and…

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Gurugram’s Sushant Lok-1 Buildings Sealed for Zoning Violations

GURUGRAM: A major enforcement operation took place in the upscale Sushant Lok 1 township over the weekend in response to evident breaches of residential zoning regulations. Violations included the use of crèche plots for schools and dance training facilities, as well as a girls’ hostel in a residential area. Consequently, the Department of Town and Country Planning (DTCP) sealed three crucial locations. The operation was conducted in collaboration with local authorities and personnel from Sector 29 police and the Sushant Lok police post. In the first instance, six rooms in a plot intended for crèche use in C-2 Block were…

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BGO and Aditya Birla Sun Life AMC Provide ₹350 Crore to Namo Realtech

Representative image created by AI NEW DELHI: BGO and Aditya Birla Sun Life AMC have invested ₹350 crore in debt funding for Namo Realtech to support its growth in the real estate sector. Mohit Jain, Managing Director of Namo Realtech, stated, “This investment will enable us to fast-track our upcoming projects that are already in advanced stages of discussions with potential partners.” With this deal, Namo Realtech has secured commitments totaling $100 million for ten projects, managing around 7.8 million sq ft of real estate. Additionally, in collaboration with Max Estates, the company plans to launch a residential project in…