Tag: Haryana

IndustryLatest Stories

2025: Soften End-User Demand Amid Rising Prices, Says Parveen Jain

NEW DELHI: India’s residential real estate sector is currently experiencing a price-driven consolidation phase following a robust rebound post-pandemic. While sales activity remains steady, significant increases in land and construction costs, particularly in key markets like Gurugram, are beginning to impact affordability and buyer decisions. Developers are reevaluating their product offerings, anticipating a gradual shift back to mid-segment housing as luxury demand stabilizes, coupled with discussions around policy measures aimed at enhancing affordability. In an exclusive discussion with Ankit Sharma, Parveen Jain, President of Naredco National, elaborates on how soaring land prices and escalating construction costs have altered housing economics,…

Latest StoriesRegulatory

ED Seizes Land Worth ₹585 Crore in Haryana, UP

NEW DELHI: The Enforcement Directorate (ED) announced on Saturday the attachment of hundreds of acres of land in Haryana and Uttar Pradesh valued at over Rs 580 crore as part of a money laundering investigation against ADEL Landmarks Ltd., previously known as Era Landmarks Ltd. The firm has been accused of defrauding many homebuyers. The investigation targets the company’s promoters, Hem Singh Bharana and Sumit Bharana, according to the ED’s statement. An order issued on Friday under the Prevention of Money Laundering Act (PMLA) provisionally attached 340 acres of land in Gurugram, Faridabad, Palwal, Bahadurgarh in Haryana, and Meerut and…

Latest StoriesRegulatory

Chandigarh HC Raps HSVP for Current Plot Rates, Grants Oustees Relief

CHANDIGARH: The Punjab and Haryana High Court has granted a significant relief to land oustees. It has overturned the Haryana Shehri Vikas Pradhikaran’s (HSVP) decision to charge current market rates for residential plots, stating that charges should reflect the rates valid at the time applications were submitted. The court emphasized that beneficiaries should not face penalties for delays caused by authorities. The court concluded that when delays in allotment were entirely due to the authorities, oustees had the right to plots at the rates applicable during the application period, rather than the increased current rates. The division bench, led by…

Latest StoriesRegulatory

Consumer Panel Orders Green Space Infraheights to Pay 12% Late Fee

LUDHIANA: The district consumer disputes redressal commission has imposed a penalty on an infrastructure builder for failing to deliver the possession of a flat to the buyer. The commission has mandated Green Space Infraheights Private Limited, based in Panchkula, Haryana, to refund ₹12.42 lakh—the amount paid by the complainants—along with interest at 12% per annum from the dates of deposit until actual payment, within 30 days of receiving the order. Additionally, the company is required to pay ₹20,000 as composite costs to the complainants, Monica and her son Ishaan Shingari, who reside in Ludhiana’s Kichlu Nagar. According to the complaint,…

IndustryLatest Stories

Haryana Extends Settlement Scheme for Faster EDC Recovery

GURUGRAM: The Haryana government has extended its one-time settlement scheme while tightening financial terms to discourage developer delays. The extension of the “Samadhan Se Vikas” scheme until March 31, 2026, addresses long-overdue external development charges (EDC) related to licensing and land use across the state. EDCs are mandatory fees imposed by local governments on developers to support essential infrastructure and amenities outside project boundaries—like roads, water, sewage, and parks—ultimately passed on to homebuyers. According to officials, this decision by the Department of Town and Country Planning (DTCP) came after assessing the “slow pace of recovery under earlier deadlines” amid rising…

Latest StoriesRegulatory

Haryana collects under 1% of ₹45 crore in environment fees

GURUGRAM: The Haryana government has levied over Rs 45 crore in environmental compensation (EC) on more than 400 industrial and commercial entities over the past three years. However, less than 1% of these penalties have been collected. Currently, Rs 44.87 crore remains unpaid, with only around Rs 42 lakh collected in response to penalties for various violations, encompassing illegal mining, dust emissions, unauthorized construction, and untreated wastewater discharge. The overdue EC stems from infractions reported from 2021 to 2024. Despite the limited recovery, many violators have either ceased operations, switched ownership, relocated, or contested the penalties, effectively hindering enforcement efforts.…

Latest StoriesRegulatory

Haryana’s Wazirabad Tehsil Faces Probe Ahead of Property Registry Launch

GURUGRAM: Allegations of widespread irregularities have emerged in Wazirabad tehsil just prior to the shift to an online property registration system, prompting the deputy commissioner to initiate an inquiry. “The Badshahpur sub-divisional magistrate has been instructed to investigate and provide a report promptly,” stated a senior official. SDM Sanjeev Kumar remarked, “The investigation is underway. We have requested all relevant records from the tehsil administration.” Sources indicate that several property deeds were manually registered on October 31—the final day before the complete transition to the online system—despite existing restrictions on certain properties and builders. Officials reported that numerous transactions amounting…

Latest StoriesRegulatory

HC Orders Haryana to Explain SEIAA Composition Delay

CHANDIGARH: The Punjab and Haryana High Court has instructed the State of Haryana to submit a specific affidavit from the Additional Chief Secretary of the Department of Mines and Geology. This affidavit must explain why the State Environment Impact Assessment Authority (SEIAA) has not been constituted since February 2025. The court also requested all correspondence between the State of Haryana and the pertinent Union of India departments to be included with the affidavit. A division bench, consisting of Justice Ashwani Kumar Mishra and Justice Rohit Kapoor, issued these directives while adjudicating a petition from M/s Darsh Minerals Private Limited and…

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…