Tag: Haryana

IndustryLatest Stories

One Prastha Realty secures ₹80 crore from Capri Global for project

NEW DELHI: One Prastha Realty, a real estate developer, has secured ₹80 crore in debt financing from Capri Global to support its integrated township project spanning 57 acres in Sonipat, Haryana. The company has successfully completed an 8.5-acre residential project in Sonipat and has now acquired 57 acres of land for a large-scale township development featuring residential plots and villas, as stated in the company announcement on Tuesday. Somesh Mittal, Co-Founder of One Prastha, noted the significant demand for residential plots in the Sonipat area, driven by infrastructure growth and improved connectivity to Delhi and Gurugram. “We see this not…

Latest StoriesRegulatory

Tax Dept Investigates ₹28,000 Crore Property Deals in Manesar

GURUGRAM: An I-T department survey has revealed considerable shortcomings in the documentation of property transaction records at Manesar tehsil, raising alarms over possible large-scale tax evasion. Over the last five years, property transactions worth approximately Rs 28,000 crore have been registered at this tehsil. However, it was found that the Permanent Account Number (PAN) of buyers and sellers, which is mandatory for transactions exceeding Rs 30 lakh, was absent from the records. The survey, conducted by a team of ten members over 24 hours, highlighted that the registration software at the tehsil failed to capture vital PAN details, despite regulations…

IndustryLatest Stories

Lack of Access Roads? OCs Denied for Projects, Says Haryana Minister

GURUGRAM: Following complaints from homebuyers about misleading promises from developers regarding wide roads and easy access to housing societies, the Haryana government is taking steps to tighten its approval system. On Saturday, Industries and Commerce Minister Rao Narbir Singh announced forthcoming policy changes aimed at ensuring builders adhere to established norms. Occupancy certificates will be withheld if 24- or 30-metre-wide roads shown in maps are not actually built. During a meeting with officials from HSVP, GMDA, and the Town and Country Planning Department, Singh emphasized that this issue has become increasingly common in Gurgaon’s newer sectors. The meeting was attended…

Latest StoriesResidential

Haryana Eliminates Stamp Duty on 50 & 100 Sq Yards Plots

CHANDIGARH: Haryana’s Chief Minister Nayab Saini announced on Wednesday the abolishment of stamp duty on residential plots measuring up to 50 square yards in urban areas and up to 100 square yards in rural locations. “Effective immediately, stamp duty is now zero,” Saini declared. This order applies to properties purchased under the Pradhan Mantri Awas Yojana, Mukhyamantri Shehri Awas Yojana, and Mukhyamantri Gramin Awas Yojana. Saini made these statements while addressing a motion from the opposition INLD regarding the recent increase in collector rates. He accused the opposition of misleading the public about the revised rates. The collector rate is…

InfrastructureLatest Stories

Urbanizing Aravalis? Haryana Sets ‘Forest’ Definition for Laws

Representative Image GURUGRAM: Haryana’s government has officially defined “forest” for the first time, establishing a clearer framework for environmental laws that were previously uncertain. However, this definition is more restrictive than the Supreme Court’s guidance from a 1996 ruling, potentially excluding many areas that the same laws aim to protect. A notification issued on August 18 by the state’s forest, environment, and wildlife department states that land parcels of at least 5 hectares (equivalent to 10 football fields) or 2 hectares adjacent to designated forests, must have a canopy density of at least 40% to be labeled as ‘forest.’ This…

Latest StoriesRegulatory

NGT Notifies Builder, Haryana on Illegal Aravali Construction

GURUGRAM: The National Green Tribunal has issued notices to a real estate company, the Ministry of Environment, Forest and Climate Change (MoEF), the Haryana government, the State Environment Impact Assessment Authority (SEIAA), and the state pollution board regarding allegations of large-scale construction near the protected Wazirabad forest in Sector 54 of the city, without obtaining the necessary environmental permissions. The tribunal has instructed the Centre, Haryana authorities, and the real estate firm to submit their responses before the next hearing scheduled for November 10. A petition, accompanied by Google Earth images and photographs, reportedly shows construction activities on the boundary…

Latest StoriesResidential

300+ Gurugram Projects Violate Norms, Bypass STP Checks

GURUGRAM: More than 300 real estate and commercial projects in the city have failed to install the mandatory analysers on their sewage treatment plants (STPs). Documents obtained through the RTI Act reveal this includes several prominent group housing societies, IT parks, and shopping malls. STP analysers are essential for an environmental management system, providing real-time data on critical parameters such as pH levels, chemical oxygen demand (COD), and biochemical oxygen demand (BOD), to ensure wastewater treatment complies with discharge standards. The list, revealed by the Haryana State Pollution Control Board (HSPCB) in response to an RTI request from local resident…

Latest StoriesResidential

No Haryana family will be homeless, says CM

File Photo CHANDIGARH – Chief Minister Nayab Singh Saini declared on Monday that no impoverished family in Haryana would be left without shelter. He presented ownership certificates under the Mukhyamantri Shehri Awas Yojana and plot allotment letters under the Mukhyamantri Gramin Awas Yojana 2.0 to numerous beneficiaries. During a state-level event in Panchkula, Saini reiterated the government’s commitment to ensuring that every disadvantaged family in Haryana has a home, emphasizing the dedication to inclusive development. He announced that 1,144 beneficiaries in Sector-23, Jagadhri received ownership certificates under the Mukhyamantri Shehri Awas Yojana. Additionally, 3,884 rural beneficiaries across 58 villages received…

Latest StoriesResidential

Haryana CM Offers 100 Sq Yards Plot to 1 Lakh Poor Families

KURUKSHETRA: On Wednesday, Haryana Chief Minister Nayab Singh Saini announced that one lakh families classified as ‘Antyodaya’ without land will soon receive a plot of 100 square yards each. “Following this achievement, we will begin selecting an additional 1 lakh beneficiaries,” he stated. The Chief Minister made these remarks during an event in various villages within the Ladwa constituency, as per an official statement. He reiterated the government’s commitment to providing plots to underprivileged families, ensuring “a roof over every head.” Saini criticized the previous Congress administration for making empty promises regarding the distribution of 100-square yard plots to the…

Latest StoriesRegulatory

SC Seeks Early Hearing on Haryana’s S+4 Policy

GURUGRAM: The Supreme Court has dismissed a special leave petition (SLP) that contested Haryana’s stilt+4 construction policy, permitting the petitioner to seek interim relief from the Punjab and Haryana High Court. This case has generated significant public interest, particularly among residents and civic organizations who have raised concerns about uncontrolled urban expansion and its impact on infrastructure. The petition, submitted by Sunil Singh, challenged the Haryana government’s notification dated July 2, 2024, which authorizes stilt+4 floor constructions on residential plots. Critics argue that these developments further strain the city’s already burdened infrastructure, including water supply, sewage treatment, drainage systems, and…