Tag: Gurugram

Latest StoriesRegulatory

Golden Glow Estates in Haryana: Licenses Lapse, Dues Surge

GURUGRAM: The Haryana Department of Town and Country Planning (DTCP) has taken action against a group housing project due to issues with its development licence. The enforcement action pertains to a project located in Badshahpur, Sector 68, after the development licence expired eight years ago and was not renewed. The project currently has outstanding external development charges (EDC) and related dues exceeding Rs 51.8 crore. The DTCP has issued a show-cause notice to Golden Glow Estates, the project’s official licence holder, instructing the district town planner (enforcement) to commence proceedings under Section 10 of the Haryana Development and Regulation of…

Latest StoriesResidential

Ansal Heights Families in Gurugram Demand Action Against Builder

GURUGRAM: More than 300 families living in Ansal Heights, Sector 92, have appealed to the Haryana Department of Town and Country Planning (DTCP) for urgent intervention, claiming that their housing project has been inhabited for almost a decade without the required occupancy certificate (OC). Residents stated in a release on Sunday that the developer began providing fit-out possession in 2015, promising that the OC would be obtained within six months. However, nearly 10 years later, the certificate has not been secured, raising serious concerns over safety and the legality of the occupation. An occupancy certificate is a legal requisite that…

Latest StoriesRegulatory

Delhi Court Requests Police Report on ’32nd Milestone’ Promoters

NEW DELHI: A local court has requested an action-taken report from the police regarding a plea for the registration of an FIR against the promoters of the Gurugram-based “32nd Milestone” commercial project. The complaint alleges cheating, fund diversion, and significant financial irregularities. Judicial Magistrate Devanshi Janmeja issued this notice on February 5, instructing the police to provide a report, with the next hearing scheduled for March 13. The application was lodged by senior citizen Arvind Gupta, who accuses the promoters and associated entities of cheating, forgery, criminal conspiracy, and intimidation. The implicated parties include 32nd Vistas Private Limited, Growth Hospitality…

Latest StoriesRegulatory

Bankruptcy Court Initiates Insolvency Proceedings for Vatika

NEW DELHI: A bankruptcy court has approved the admission of a real estate developer from Gurgaon into the corporate insolvency resolution process (CIRP) following an application by IDBI Trusteeship Services. This action was prompted after the firm defaulted on dues totaling approximately Rs 274 crore. The Chandigarh bench of the National Company Law Tribunal (NCLT) has designated Jayant Prakash as the interim resolution professional (IRP) to oversee the company’s proceedings. IDBI Trusteeship, acting on behalf of non-convertible debenture (NCD) holders, submitted the case to the tribunal. Senior counsel Gopal Jain and advocate Meghna Mishra represented the trustee company, arguing that…

InfrastructureLatest Stories

Gurugram Metro Land Acquisition Gains Momentum

Representative AI image GURUGRAM: The land acquisition process for the Gurgaon Metro project has progressed, with the initial meeting of the Land Purchase Committee (LPC) chaired by Deputy Commissioner Ajay Kumar. The committee, established under Haryana’s policy for private land acquisition via mutual consent, evaluated the land requirements submitted by GMRL. During the meeting, the DC directed the land acquisition officer to carry out a joint inspection and prioritize ownership verification for land identified for corridor-1. “This process is expected to take about a week, after which the next LPC meeting will be scheduled for February 11,” an official noted.…

Latest StoriesRegulatory

Property Sales Halted in Gurugram’s Valley View Estate Due to License Lapse

GURUGRAM: The Haryana Department of Town and Country Planning (DTCP) has prohibited the execution of sale or conveyance deeds for properties in Valley View Estate, a 21.61-acre group housing colony in Gwalpahari. This action follows the expiration of the project’s development license, originally issued in 1994, which has not been renewed for over a decade. In a recent notice to the sub-registrar at Wazirabad and district authorities, the district town planner (enforcement) in Gurgaon indicated that the development license, granted on June 8, 1994, was only valid until June 7, 2011. This license was issued to BSF Co-operative House Building…

Latest StoriesResidential

Gurugram’s Malibu Towne Club Closed, Residents Want Reopening

Sure, here’s a rewritten version of the content: — GURUGRAM: Residents of Malibu Towne are urging the Department of Town and Country Planning (DTCP) to lift the seal on Malibu Towne Country Club, which has been closed for nearly two years due to compliance issues from planning authorities. The 204-acre township, established in the mid-1990s in Sector 50, relied on the club for amenities such as a swimming pool, gardens, and spaces for community events—facilities residents have greatly missed since the closure. Vijay Shiv Nath, chairman of the Malibu RWA Federation, explained that the club was closed after the authorities…

IndustryLatest Stories

Haryana: Landowners face FIR for leasing farmland to illegal factories

GURUGRAM: The Haryana State Pollution Control Board officials have announced that landowners who lease or sell agricultural plots for unauthorized factory operations will now face criminal charges along with the operators of these units. This initiative forms part of the ongoing efforts to address the annual air quality crisis affecting Delhi-NCR. FIRs will now be filed against both landowners and tenants where industrial activities are detected on farmland without the necessary approvals. This marks a significant shift from past enforcement actions, which primarily focused on sealing or demolishing such units. Senior officials have directed teams to locate these plots and…

CommercialLatest Stories

DTCP Approved Sale & Lease Deeds for Gurugram Colony

GURUGRAM: The Department of Town and Country Planning (DTCP) has prohibited the registration of any sale, conveyance, or lease deeds associated with a commercial colony in Sector 53 due to violations of licensing conditions. This measure follows directives from the DTCP under Rule 18(2) of the Haryana Development and Regulation of Urban Areas Rules, 1976, concerning license number 13–19 of 2002. This license was issued on June 26, 2002, for the development of a commercial colony spanning 3.953 acres in Sector 53 of Gurgaon, in favor of Arenas Infotech Pvt. Ltd. and Senior Builders Pvt. Ltd., valid until June 25,…

IndustryLatest Stories

Signature Global reports ₹45.33 crore net loss in Q3 FY26

NEW DELHI: Signatureglobal (India) has reported a net consolidated loss after tax of ₹45.33 crore for the quarter ending December 31, 2025, compared to a profit after tax of ₹29.13 crore during the same quarter of the previous fiscal year, as noted in a filing with BSE. The company’s net consolidated total income for Q3 FY26 was ₹312.76 crore, reflecting a 63.72% decline from ₹862.14 crore in the corresponding quarter of the previous year. Pradeep Aggarwal, the founder and chairman, stated, “We have maintained steady performance during the first nine months of FY26. Although the real estate market has experienced…