Tag: Gurugram

IndustryLatest Stories

Real Estate Firms Surge to NCR Amid Rising Demand and Prices

Representative AI image NEW DELHI: The National Capital Region (NCR) is progressively attracting developers from Mumbai and Bengaluru, with price growth in the market surpassing other areas, experts indicate. Mumbai’s Oberoi Realty is set to introduce its initial project in Gurugram this fiscal year, while Lodha and Rustomjee are exploring land acquisition opportunities in the region, according to informed sources. Bengaluru’s Prestige Group and Sobha, early movers in the region, are now ramping up their expansion, making NCR their fastest-growing market. Godrej Properties and Tata Realty from Mumbai are also bolstering their presence in NCR. Newcomers like Dalcore are selecting…

Latest StoriesRegulatory

NGT Orders MoEFCC to Reassess Gurugram Housing Clearance

NEW DELHI: The National Green Tribunal has instructed the Ministry of Environment, Forest and Climate Change to reassess the environmental clearance for a group housing project expansion in Gurugram’s Sukhrali village. The directive came during a hearing in which the resident welfare association (RWA) contested the granting of environmental clearance (EC) by the Haryana State Environment Impact Assessment Authority (SEIAA) for the project’s expansion. A bench led by NGT Chairperson Justice Prakash Shrivastava and member expert A Senthil Vel observed that a three-member expert committee was established in 2021 to re-evaluate the project’s environmental impact and submit findings to the…

CommercialLatest Stories

Table Space leases 540k sq ft of workspaces in NCR

NEW DELHI: Table Space has successfully leased more than 540,000 sq ft of office space throughout the National Capital Region (NCR). The company has launched new centers at Worldmark 4, Aerocity in Delhi, as well as at DLF Downtown, Godrej GCR, Atrium Place, and Good Earth Business Bay II in Gurugram. With this latest expansion, Table Space’s portfolio in NCR has surpassed 2.2 million sq ft, having leased over 50,000 sq ft at Worldmark 4. The DLF Downtown center, located in DLF City Phase-III, encompasses over 85,000 sq ft across two floors, while the Godrej GCR center on Golf Course…

Latest StoriesRegulatory

Gurugram Seals Multi-Storey Building for Unpaid Taxes

Representative image GURUGRAM: On Thursday, the MCG sealed a multi-storey residential building in Jharsa due to unpaid property taxes amounting to ₹67 lakh. Officials indicated that further actions against significant defaulters are in the works under the ongoing recovery initiative. According to zonal taxation officer Rajesh Yadav, the property’s owner had been repeatedly notified about the outstanding tax, but failed to comply, prompting MCG to take this action. MCG Commissioner Pradeep Dahiya stated, “Our municipal corporation is actively pursuing tax defaulters. It is crucial for all property owners to pay their taxes punctually to enhance municipal revenues and civic amenities.…

IndustryLatest Stories

DLF Q2 FY26 Net Profit Falls 14.56%

NEW DELHI: DLF has reported a 14.56% decrease in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax was ₹1,180.09 crore in Q2 FY26, down from ₹1,381.22 crore in the same quarter the previous fiscal year, as per a filing with the BSE. The company’s net consolidated total income for Q2 FY26 was ₹2,261.80 crore, marking a growth of 3.71% compared to ₹2,180.83 crore in the corresponding quarter last year. During the quarter, DLF Home Developers (DHDL), a wholly-owned subsidiary, redeemed 60,000 8.50% senior, secured, rated, listed, redeemable, guaranteed, Rupee-denominated non-convertible debentures (NCDs) worth…

Latest StoriesResidential

Industrialist Acquires Four Gurugram Apartments for ₹380 Crore

NEW DELHI: In one of the most expensive residential transactions in India, an industrialist has purchased four luxury apartments in Gurugram for nearly Rs 380 crore, according to sources familiar with the matter. The buyer, based in NCR, was originally seeking a farmhouse or bungalow in Lutyens’ Delhi, with a budget of Rs 350-400 crore, but ultimately chose the luxury apartment option. “We guided a well-known Indian business family in completing a consolidated acquisition of Rs 380 crore in this premium project in Gurugram,” stated Kshitij Jain, Founder of Rizin Advisory Pvt. Ltd., while keeping the buyer’s identity confidential. The…

IndustryLatest Stories

Signature Global secures ₹8.75B through NCDs for housing projects

NEW DELHI: Signature Global (India) has successfully secured ₹8.75 billion through a private placement of non-convertible debentures (NCDs) with the International Finance Corporation (IFC), the World Bank’s lending arm. The NCDs received ‘A+’ stable ratings from Care Edge Ratings, marking the company’s first listed debt transaction. With a coupon rate of 11%, the NCDs have a tenure of three years, two months, and 30 days, maturing on January 15, 2029. The proceeds will be allocated for developing mid-income housing and environmentally sustainable projects, along with reducing existing debt. Pradeep Aggarwal, founder and chairman of Signature Global, expressed, “We are committed…

InfrastructureLatest Stories

Extend Airport Metro to New Gurugram, RWAs urge minister

GURUGRAM: Representatives from RWAs in new sectors met Union Minister Rao Inderjit Singh on Monday, advocating for the extension of the Delhi Airport Metro line to new Gurgaon, which would serve sectors along the Dwarka Expressway corridor. They also requested bus services to connect Gurgaon with Yashobhoomi and Dwarka Sector 24 to improve last-mile connectivity for daily commuters. RWA representatives highlighted that despite rapid urbanization and increasing population density along the Dwarka Expressway, transport options remain limited. Improved connectivity, they argued, would alleviate reliance on private vehicles and enhance access to Delhi and the airport for residents. “Currently, there is…

Latest StoriesRegulatory

FIRs Planned Against 214 in Gurugram for Illegal Housing & Eateries

GURUGRAM: In a strong move against illegal colonies, unauthorized dhabas, and warehouses, the district town planner has recommended filing 15 FIRs against 214 individuals. Of these, 11 FIRs are proposed against 208 landowners involved in illegal plotting of 23.55 acres, while four additional FIRs target six individuals for constructing unauthorized dhabas and warehouses in restricted areas, according to officials from the district town planning and enforcement (DTPE). The extensive violations are subject to the Haryana Development and Regulation of Urban Areas Act, 1975, and the Punjab Scheduled Roads and Controlled Areas Restriction of Unregulated Development Act, 1963. Amit Madholia, the…

Latest StoriesResidential

Haryana: Builders required to reserve 15% flats for EWS

Representative image GURUGRAM: The state government has unveiled a new policy for allocating plots and flats to Economically Weaker Sections (EWS) within licensed colonies, superseding the 2021 guidelines. The revised policy mandates that developers allocate 20% of plots and 15% of flats for EWS beneficiaries. This policy is applicable to all licensed residential colonies across the state, including plotted and group housing projects approved by the Town and Country Planning (TCP) Department. It encompasses major urban areas such as Gurgaon, Faridabad, Panchkula, Sonipat, Panipat, Rohtak, Hisar, and Karnal, along with newly licensed townships and sectors developed under the Haryana Development…