Tag: Gurugram

Latest StoriesRegulatory

NRI Investor Claims Villa Barter Scam; Builder Denied Bail

GURUGRAM: A local court has denied bail to builder Devendra Pandey, accused of defrauding an NRI investor in a multi-crore commercial property deal associated with a project in Sector 85. The court found that the allegations suggested a “deliberate act of deception” and possibly a criminal conspiracy. In an elaborate ruling, Additional Sessions Judge Dr. Gagan Geet Kaur dismissed Pandey’s regular bail plea related to an FIR filed at Kherki Daula police station under Sections 409, 420, and 120B of the IPC, in addition to the Haryana Protection of Interest of Depositors in Financial Establishments Act. The case was brought…

Latest StoriesResidential

BPTP to Invest ₹1,200 Crore in Gurugram Residential Project

NEW DELHI: BPTP is set to invest approximately ₹1,200 crore to develop the Downtown 66 residential project in Sector 66, Gurugram, with a projected gross development value of around ₹2,500 crore. The project, situated along Golf Course Extension Road, will feature 504 residences in 3BHK and 3.5BHK layouts. Prices are expected to start at ₹5.32 crore. Architectural and interior design is overseen by AEDAS, with Coopers Hill serving as the landscape consultant. Additional consulting firms involved include RWD1, Manish Consultant, RSMS, ATN Consultants, Sanelac, and Proion. Published On May 26, 2026 at 03:00 PM IST Join a community of over…

InfrastructureLatest Stories

Residents demand Kirti Nagar-Palam metro extension to Dwarka Expressway

GURUGRAM: Residents in newly developed sectors of Gurgaon and Dwarka, Delhi, are advocating for the proposed Kirti Nagar-Palam Metro corridor to be extended to include Dwarka and the Dwarka Expressway. They cite increasing traffic congestion and inadequate public transport options connecting the two areas. A joint delegation from the Dwarka Forum and the Dwarka Expressway Gurugram Development Association (DXP-GDA) met with West Delhi MP Kamaljeet Sehrawat, presenting their request for improved metro and bus services for commuters traveling between these regions. Earlier this month, the Delhi government approved a new 9.9-km metro line connecting Palam and Kirti Nagar, which will…

Latest StoriesResidential

Gurugram’s Malibu Towne Country Club Receives OC, Reopening Soon

GURUGRAM: Country Club of Malibu Towne has finally obtained its occupation certificate (OC) after a two-year wait, allowing it to reopen after its closure in 2024. The township’s license, which expired in 2020, was renewed six years later, in January 2026, enabling the builder to proceed with the OC application. Authorities have confirmed that all outstanding paperwork, payments, and required corrections that led to the sealing of the club are now complete. Residents of Malibu Towne, which is home to nearly 10,000 people, can look forward to the reopening of essential amenities, including the swimming pool. The 204-acre township in…

InfrastructureLatest Stories

Gurugram: 850 Shanties Demolished in DTCP’s Drive at Saraswati Kunj

GURUGRAM: The ongoing demolition campaign in Saraswati Kunj, Sector 53, has entered its second day, led by district town planner Amit Madholia. Over 42 plots have been cleared, and approximately 650-670 illegal shanties have been demolished across 4.2 acres along the Golf Course Road. Officials reported that the Department of Town and Country Planning (DTCP) plans to conduct further demolitions in the upcoming days as part of a larger initiative to reclaim public land and suppress illegal constructions in Gurgaon’s high-value urban areas. On Monday, nearly 200 shanties were demolished, spanning 2.5 acres across more than 22 plots near Khatu…

InfrastructureLatest Stories

Gurugram Residents Challenge NGT on C&D Waste Center Plan

GURUGRAM: Residents from newly developed sectors along Dwarka Expressway have filed a petition with the National Green Tribunal (NGT) opposing the establishment of a construction and demolition (C&D) waste collection center in Sector 106, near Babupur. The petition, submitted by the Dwarka Expressway Gurugram Development Association (DXP-GDA), contests the decision to locate the facility near busy residential communities, schools, and villages. The association claims that the proposed site breaches C&D waste management regulations and environmental standards. The site is located next to a drain that flows into the Sahibi River and close to an approved nursery school, raising concerns about…

InfrastructureLatest Stories

Illegal Walls and Rooms Targeted in Gurugram Offices and Homes

Representative image GURUGRAM: On Wednesday, the enforcement wing of the Town and Country Planning Department (DTCP) conducted a sealing and demolition drive throughout the city. The operation targeted unauthorized structures at various residential and commercial properties, supported by local police from the Sector 50 police station. Actions taken included the demolition of an internal wall and an unauthorized vendor stall, as well as sealing a servant room. Authorities confirmed that proper legal procedures were followed before any demolition and sealing occurred, with notices issued accordingly. These actions were initiated in response to multiple complaints received through various grievance channels. At…

IndustryLatest Stories

DLF Plans ₹20,000 Crore Housing Sale by FY27: MD

NEW DELHI: DLF Ltd, India’s largest real estate firm, aims for sales bookings of ₹20,000 crore in the current fiscal year, maintaining a target similar to that of 2025-26, driven by a robust launch pipeline for residential projects in Gurugram, Mumbai, and Goa, as stated by Managing Director Ashok Kumar Tyagi on Thursday. In a webcast for market analysts, Tyagi emphasized the strong performance of both the company’s housing and commercial segments and expressed confidence in their future growth. Regarding the sales bookings target for the 2026-27 fiscal, he reaffirmed an annual goal of ₹20,000 crore. Of this, approximately ₹14,000-15,000…

Latest StoriesRegulatory

Haryana: I-T Searches Tehsil Office, Finds ₹45,000 Crore Discrepancies

GURUGRAM: On Tuesday, the income tax department conducted surprise verification and survey operations at sub-registrar offices in Gurugram and Mohali. This action was prompted by reports of significant lapses in the reporting of high-value real estate transactions. The operations commenced early in the day at the tehsil office located in the mini secretariat, where officials have uncovered discrepancies in property transactions amounting to Rs 45,000 crore at the Gurugram tehsil. This initiative is part of a nationwide data-validation effort aimed at evaluating the accuracy and quality of information provided by designated reporting entities. According to the law, sub-registrar offices are…

IndustryLatest Stories

DLF’s Net Profit Up 1.10% to ₹4,414.68 Crore in FY26

NEW DELHI: DLF has announced a 1.10% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹4,414.68 crore, up from ₹4,366.82 crore in FY25, as reported in a filing to the BSE. The company’s net consolidated total income was ₹9,816.04 crore in FY26, representing a 9.12% rise from ₹8,995.89 crore in FY25. In Q4 FY26, net consolidated total income fell by 37.46%, totaling ₹2,093.82 crore compared to ₹3,347.77 crore in the same quarter last year. Additionally, profit after tax declined by 1.06%, settling at ₹1,268.56 crore in Q4 FY26, down from ₹1,282.20 crore…