Tag: Gurugram

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…

IndustryLatest Stories

Emaar India to invest ₹1,600 crore in Gurugram luxury homes

NEW DELHI: Realty firm Emaar India is set to invest approximately Rs 1,600 crore to develop a luxury housing project in Gurugram to meet robust consumer demand. The Indian subsidiary of UAE-based Emaar Properties recently unveiled the ‘Serenity Hills’ residential project in Sector 86, Gurugram. Emaar India CEO Kalyan Chakrabarti stated, “We are launching the initial phase of our new housing development in Gurugram, featuring 997 apartments across seven towers.” This project is designed as a green initiative, aiming for IGBC Platinum pre-certification, and is being built in collaboration with the landowner. In response to inquiries about project costs, Chakrabarti…

InfrastructureLatest Stories

Haryana CM Urges Action on Civic Issues in Gurugram

File Photo CHANDIGARH: Haryana Chief Minister Nayab Singh Saini declared Gurugram as the fastest-growing city in the state, emphasizing that any negligence in civic amenities management will not be tolerated. He instructed officials to quickly compile and present a comprehensive report on the current status of water supply, sewerage systems, and sewage treatment plants (STPs) in the city. Saini asserted that providing high-quality essential services to every Gurugram resident is a top government priority. The CM held a meeting of the District Public Relations and Grievance Redressal Committee in Gurugram on Monday, attended by local MLAs Bimla Chaudhary, Tejpal Tanwar,…

InfrastructureLatest Stories

Gurugram Construction Sites Must Register on Dust Portal: DC

Representative AI image GURUGRAM: The Gurgaon administration has announced that all construction projects exceeding 500 sqm must now register on the Haryana State Pollution Control Board’s online dust portal to ensure effective monitoring during GRAP restrictions. A complete ban on the burning of all types of waste has been implemented, requiring immediate action from relevant departments. Deputy Commissioner Ajay Kumar stated that controlling air pollution is a shared responsibility essential for public health and environmental protection. “Air pollution control is not merely a government formality but a collaborative effort for the well-being of the community,” he emphasized. During a video…

Latest StoriesResidential

Pioneer Urban Land Acquires 9,419 sq ft Flat in DLF Camellias for ₹95 Cr

NEW DELHI: Realty company Pioneer Urban Land and Infrastructure Ltd has acquired a 9,419 sq ft apartment in DLF’s luxury project ‘The Camellias’ in Gurugram for ₹95 crore, according to CRE Matrix. The real estate data analytics firm reviewed the registration document for this transaction, which was registered on September 29. Additionally, CRE Matrix has noted that three more residential properties were registered in September, collectively valued at about ₹176 crore. Sources suggest that the current value of these properties could be significantly higher. A penthouse was sold in 2015 for ₹59 crore, and another was booked in August 2021.…

CommercialLatest Stories

Zomato Leases 2.7 Lakh Sq Ft Office in Gurugram

Eternal Ltd’s Zomato has secured a lease for 270,000 sq ft at Tata Realty and Infrastructure’s Intellion Park in Gurugram to expand its office space in the area, according to two sources familiar with the situation. The food delivery service is also in advanced discussions to lease around 1 million sq ft more in Gurugram, with the potential to double this space, which could become one of the largest office leasing agreements in the country. Zomato already occupies a significant office space in the Pioneer Group building within the same vicinity. Details regarding the monthly rent remain undisclosed. Both Zomato…

InfrastructureLatest Stories

25 Acres of Aravali Forest Cleared of Buildings and Walls

GURUGRAM: On Friday, approximately 25 acres of encroached land in the Raisina Hills of Sohna were cleared in a demolition drive focused on the Aravalis. The operation, led by the forest department, aimed to dismantle boundary walls, farmhouses, and other illegal structures on protected land. Officials stated that this action seeks to reclaim forest and PLPA-notified areas that have faced extensive illegal encroachments over the years. “We are committed to removing encroachments on forest and Aravali land. Additional drives will be conducted in the upcoming days. Notices will be published in newspapers, allowing 10 days for public responses before further…

IndustryLatest Stories

Signature Global reports ₹46.86 crore loss in Q2 FY26

NEW DELHI: Signatureglobal (India) reported a net consolidated loss after tax of ₹46.86 crore for the quarter ending September 30, 2025, a decline from a profit of ₹4.15 crore in the same quarter of the previous fiscal year, according to their BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹372.51 crore, representing a 52.08% decrease from ₹777.42 crore in the corresponding quarter last year. During Q2 FY26, the management of the group opted to sell its investment property in the NCR region, successfully securing ₹5 crore from this transaction. Published on Nov 7, 2025 at 05:03…

Latest StoriesResidential

Gurugram Zone III: Property Tax Camps from Nov 8 for Dues

GURUGRAM: The Municipal Corporation of Gurugram (MCG) announced plans to hold several property tax camps across Zone 3 colonies from November 8 to November 30. These camps aim to assist residents in settling dues, correcting information, and obtaining on-site self-certification. According to the schedule released by the civic body, the camps will be open daily from 10 AM to 3 PM. Residents are encouraged to bring their Aadhaar and PAN cards along with property ownership documents, preferably in digital format, to facilitate self-certification and verification. MCG Commissioner Pradeep Dahiya stated, “These special camps aim to quickly resolve property tax and…

Latest StoriesRegulatory

SC Halts Order to Remove Illegal Constructions in DLF City, Gurugram

NEW DELHI: The Supreme Court has overturned a Punjab and Haryana High Court order mandating the removal of unauthorized and illegal constructions in Gurugram’s DLF City. A bench comprising Justices J K Maheshwari and Vijay Bishnoi issued this ruling after observing that the directive was given without allowing the property owners a chance to be heard, as they were not parties to the original lawsuits. The apex court noted that the High Court’s direction, regarding the jurisdiction of the civil court or the removal of constructions, did not consider the appellants, which is a procedural oversight. “It is essential for…