Tag: Gurugram

Latest StoriesRegulatory

Krrish Realtech diverted ₹205 crore from homebuyers to Colombo hotel: ED

GURUGRAM | NEW DELHI: A Gurugram realty company allegedly defrauded home buyers by collecting over Rs 500 crore for housing plots and misappropriating approximately Rs 205 crore for a hotel project in Sri Lanka, according to a chargesheet filed by the ED. The federal investigation agency is looking into various homebuyer fraud cases nationwide, particularly in the National Capital Region (NCR), where the real estate market is thriving. This specific inquiry involves Krrish Realtech, led by its promoter Amit Katyal, among others. Katyal was arrested in 2023 in a separate money laundering case linked to an alleged land-for-jobs scam with…

Latest StoriesResidential

Nine Years Later, Gurugram Housing Project Faces Fraud Claims

GURUGRAM: Over 100 homebuyers protested on Sunday, alleging that developer Swaraj Singh Yadav cheated more than 3,000 buyers in a project located in Sector 109. Holding placards and chanting slogans, the protesters gathered outside Legend Society in Sector 57, expressing their frustration with Ocean Seven Buildtech Pvt Ltd. A buyer from the stalled Expressway Towers remarked, “This is nothing short of fraud.” They claim that despite paying in full since the project’s inception in November 2016 under the Affordable Housing Scheme (PMAY), construction currently sits at only 65%, causing significant financial and emotional strain. In response, the company’s spokesperson clarified,…

IndustryLatest Stories

Gurugram RWAs demand GST cut on maintenance bills to 5%

GURUGRAM: Resident welfare associations (RWAs) have urged Haryana CM Nayab Singh Saini that essential services like security, water supply, and sanitation should not be subjected to luxury taxes. They are calling for a rationalization of the GST applied on monthly maintenance fees. In their appeal, they have asked Saini, who also oversees finance, to reduce the GST rate from 18% to 5% and to raise the exemption limit from Rs 7,500 to Rs 10,000 per flat per month. This request arises in light of PM Modi’s announcement on Independence Day, which stated that the GST framework would be revamped into…

Latest StoriesRegulatory

DTCP Warns Experion Developers, RWA Over Gurugram Layout Violations

GURUGRAM: The Department of Town and Country Planning (DTCP) has served a show-cause notice to a developer and a resident welfare association (RWA) over alleged violations of the sanctioned layout plan and licensing conditions as stipulated under the Haryana Development and Regulation of Urban Areas Act, 1975. The notice, dated August 20, 2025, addresses Experion Developers Pvt Ltd (previously Gold Developers Pvt Ltd) and the Windchants Condominium RWA in Sector 112, following a complaint about irregularities within the residential project. The notice mandates that Experion Developers and the Windchants Condominium Association promptly rectify the alleged infractions and revert the project…

IndustryLatest Stories

Landmark Group to invest ₹400 crore in Dwarka Expressway project

NEW DELHI: Gurugram-based Landmark Group is set to invest approximately ₹400 crore in the development of Landmark Skyvue, located in Sector 103 along the Dwarka Expressway. This new development marks phase II of the project, which spans 11 acres. Phase I, covering three acres, was completed in 2013, while phase III is anticipated to launch in FY26, encompassing four acres. The construction for phase II is estimated at ₹400 crore, with the company negotiating with State Bank of India (SBI) for around ₹200 crore in financing. The remaining construction costs will be covered through internal funds, bank loans, and client…

InfrastructureLatest Stories

Urbanizing Aravalis? Haryana Sets ‘Forest’ Definition for Laws

Representative Image GURUGRAM: Haryana’s government has officially defined “forest” for the first time, establishing a clearer framework for environmental laws that were previously uncertain. However, this definition is more restrictive than the Supreme Court’s guidance from a 1996 ruling, potentially excluding many areas that the same laws aim to protect. A notification issued on August 18 by the state’s forest, environment, and wildlife department states that land parcels of at least 5 hectares (equivalent to 10 football fields) or 2 hectares adjacent to designated forests, must have a canopy density of at least 40% to be labeled as ‘forest.’ This…

Latest StoriesRegulatory

Esencia RWA Gurugram Faces Probe Over Illegal Deals and Irregularities

GURUGRAM: The district registrar has appointed an inquiry officer to probe allegations of governance failures, unauthorized dealings, and financial misconduct against the governing body of Esencia RWA in Sector 67. This action follows complaints from residents who accused the RWA of entering an “illegal and malafide agreement” with a neighboring housing society, purportedly permitting access to lay water pipelines and electricity cables without necessary government approvals. Complainants also raised concerns over financial mismanagement, highlighting undisclosed bank accounts, the lack of audits, and money collected from vendors without approval from the general body. In an order issued on Tuesday, Col Vipin…

Latest StoriesRera

H-RERA Grants 11% Interest Compensation to OSB Buyers

GURUGRAM: Eight years later, many homebuyers of the OSB Expressway Towers project in Sector 109 still haven’t received possession of their flats. The Haryana Real Estate Regulatory Authority (HRera) has taken serious note of the delay, instructing the developer, Ocean Seven Buildtech Pvt Ltd, to compensate the buyers with 11% interest for the period of default. This amount must be settled within 90 days, and any outstanding dues from the buyers must be cleared within 60 days. The directive was issued by HRera member Ashok Sangwan during hearings involving complainants Pinky and Ojaswi Yadav. The complainants allege that the builder…

Latest StoriesResidential

Sukhpal Ahluwalia buys 11,000 sq ft flat in DLF’s Camellias for ₹100 crore

NEW DELHI: British entrepreneur Sukhpal Singh Ahluwalia has purchased an 11,416 sq ft apartment at The Camellias, DLF’s luxury residential development in Gurugram, for ₹100 crore, according to sources familiar with the transaction. Ahluwalia, who sold his business Euro Car Parts, now leads Dominvs Group, a real estate, hospitality, and asset management firm based in London. This represents the third ₹100-crore transaction within the upscale residential complex, which is home to several affluent residents. This trend highlights the ongoing post-pandemic demand for luxury housing in India. Previously, Info-x Software Technology Pvt Ltd, represented by its director Rishi Parti, acquired a…

Latest StoriesRegulatory

NGT Notifies Builder, Haryana on Illegal Aravali Construction

GURUGRAM: The National Green Tribunal has issued notices to a real estate company, the Ministry of Environment, Forest and Climate Change (MoEF), the Haryana government, the State Environment Impact Assessment Authority (SEIAA), and the state pollution board regarding allegations of large-scale construction near the protected Wazirabad forest in Sector 54 of the city, without obtaining the necessary environmental permissions. The tribunal has instructed the Centre, Haryana authorities, and the real estate firm to submit their responses before the next hearing scheduled for November 10. A petition, accompanied by Google Earth images and photographs, reportedly shows construction activities on the boundary…