Tag: Gurugram

IndustryLatest Stories

Max Estates achieves ₹1,100 crore pre-sales in Q1 FY27

NEW DELHI: Max Estates reported pre-sales of ₹1,100 crore in Q1 FY27, marking a growth of over five times compared to the same quarter in the previous financial year. During the quarter, the company sold 487 units across its Noida and Gurugram projects, a significant increase from just 43 units sold in Q1 FY26. The recently launched Phase-I of The Terraces was completely sold out, contributing approximately ₹500 crore in sales revenue, while sustained sales added another ₹600 crore to the quarter’s total. Max Estates achieved collections of about ₹500 crore in Q1 FY27, reporting that annual collections typically represent…

Latest StoriesRera

Tamil Nadu RERA Sets Graded Penalties for Misleading Ads

For homebuyers attracted by glossy brochures and grand promises, Tamil Nadu’s real estate regulator has introduced an additional layer of protection. A year after strengthening norms to prevent misleading real estate advertisements, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has implemented a graded penalty system. According to a circular issued in June, from July 1, developers who breach advertising regulations will face fines of up to ₹5 lakh. This initiative aims to ensure stricter compliance with transparency norms established last year and to deter misleading marketing practices in the real estate sector. The advertising guidelines, effective from July 1,…

CommercialLatest Stories

Haryana Cities to Evolve for Future Needs: Chief Minister

CHANDIGARH: Haryana Chief Minister Nayab Singh Saini announced on Tuesday plans for the development of cities in the state to meet future needs and streamline essential services, reducing the need for citizens to visit multiple offices for problem resolution. The Chief Minister made these comments during a review meeting at the Haryana Civil Secretariat, focusing on the Urban Local Bodies Department’s five-year roadmap and action plan under Haryana Vision-2047. He assessed the progress of announcements made by the Chief Minister, budget allocations, and commitments stipulated in the government’s manifesto pertaining to the department and instructed officials accordingly. To realize the…

Latest StoriesRera

Haryana, UP RERA Approve ₹35,000 Crore in Real Estate Projects

NEW DELHI: The real estate regulatory authorities in Haryana and Uttar Pradesh have approved projects worth over ₹35,000 crore. The Gurugram bench of Haryana RERA sanctioned 51 real estate projects between January and June 2026, totaling nearly $4 billion in investment. Notably, 11 of these projects represent a combined investment of around ₹25,000 crore. The 51 approved projects consist of 16,727 units, which include 15,403 residential units, 1,084 commercial units, and 240 industrial units. The authority highlighted that these approvals indicate ongoing interest from developers and investors in the Gurugram real estate sector, which attracted nearly ₹87,000 crore across 131…

Latest StoriesRegulatory

Gurugram nets ₹213 crore in Q1 property tax, hits 65% goal

Here’s a rewritten version of the content: GURUGRAM: The Municipal Corporation of Gurugram (MCG) collected ₹213 crore in property tax during the first quarter (April 1–June 30) of the fiscal year 2026-27, achieving 65.5% of its annual target of ₹325 crore within just three months. June 30 marked the final day to benefit from the Haryana government’s special relief scheme, which offered a 10% rebate on this year’s property tax and a complete interest waiver on pending dues from 2010-11 to 2024-25, contingent upon the payment of outstanding dues and self-certification of property details. In the first quarter, June saw…

IndustryLatest Stories

Haryana Delays Launch of New Occupation Certificates System

GURUGRAM: The proposed self-certification system has been postponed. All approvals for building plans and occupation certificates (OCs) will proceed under the current regulations for the time being. The state will maintain the existing approval process until the necessary digital infrastructure and administrative framework are established. The Haryana government has issued new implementation guidelines for amendments to the Haryana Building Code-2017, emphasizing that key provisions from the revised regulations notified on December 8, 2025, will be delayed. According to the directives from Additional Chief Secretary Anurag Aggarwal, the self-certification system for low-risk residential buildings and third-party certification for high-risk structures, including…

IndustryLatest Stories

Haryana’s OC Self-Certification Policy Faces Scrutiny After Probe

GURUGRAM: Haryana’s self-certification policy for issuing occupation certificates (OCs) in licensed colonies is facing criticism. A joint investigation by the CM’s Flying Squad and the Department of Town and Country Planning (DTCP) uncovered several buildings that were granted OCs despite being incomplete. Inspections in licensed colonies revealed ongoing construction with buildings lacking basic finishing touches, yet they were marked as complete in official records. Following the findings, show-cause notices have been issued to multiple architects, and departmental action is underway. Investigations into additional suspected violations are ongoing. This inquiry has raised concerns about the framework established in November 2022, which…

Latest StoriesResidential

Owners Protest for PG Regularisation After Sealing in Gurugram

GURUGRAM: Opposition to the Department of Town and Country Planning’s (DTCP) proposed sealing and demolition actions against illegally operating paying guest (PG) accommodations and guesthouses grew stronger on Thursday, as several operators and residents staged a protest march and mahapanchayat in DLF-3. DTCP is set to resume its sealing and demolition efforts starting July 1. The enforcement team has already begun distributing pamphlets instructing occupants of PGs and guesthouses to vacate by June 30. This protest occurs amidst ongoing actions against unauthorized constructions and commercial activities in residential areas of DLF phases 1 to 5, following directives from the Punjab…

IndustryLatest Stories

Manasum Senior Living to invest ₹800 crore in nationwide growth

Representative AI image NEW DELHI: Manasum Senior Living is set to invest approximately ₹800 crore over the next five years as part of its growth strategy to expand operations throughout India. This investment aims to launch over 25 projects, helping the company reach its goal of 10,000 senior living units by 2030. Currently, projects in the planning stage have an estimated development value of around ₹5,000 crore. The company plans to allocate ₹150 crore in FY27 to initiate 10 projects. “Annually, we need to invest ₹150 crore-₹200 crore to launch projects. After 2028, additional funding will not be necessary,” stated…

Latest StoriesResidential

Sealing Drive Leaves Young Execs ‘Homeless’ in Gurugram

GURUGRAM: By midday, many found themselves homeless. For numerous young professionals residing in paying guest accommodations and rental flats in DLF-3, the current sealing operation against unauthorized constructions has intensified their workdays into a frantic struggle — racing against time to pack up and evacuate. Some were alerted by neighbors or landlords, while others were caught off guard upon arriving home to find police vans and bulldozers waiting outside. All tenants had a mere one or two hours — sometimes even less — to gather their belongings. This crackdown, led by the town and country planning department, comes on the…