SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Gurugram

Gurugram Property News: MCG orders fresh door-to-door survey to fix property ID errors

10 Mar 2025

The Municipal Corporation of Gurgaon (MCG) will conduct a door-to-door property ID survey to correct errors from a flawed private agency survey done three years ago. Thousands of residents faced tax discrepancies, delaying payments and transactions. Commissioner Ashok Kumar Garg has ordered quick resolution of pending objections and strict action against delays. In January, disciplinary action was taken against an official for eight months of inaction on a correction request. With Gurgaon and Faridabad accounting for 30% of Haryana's 74,227 property ID disputes, this fresh survey aims to ensure accuracy and tax compliance.Read more

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Gurugram: Chintels Paradiso residents seek action over unpaid rent

04 Mar 2025

Displaced tenants of Chintels Paradiso in Sector 109 are struggling because rent payments promised after their homes were certified unsafe have not been paid. Following a partial collapse in 2022, IIT Delhi's audit ruled numerous towers unsafe, prompting evacuations. The district government ordered developer Chintels to compensate impacted homeowners, but residents say payments have halted. The RWA has asked the district town planner to intercede, setting a March 7 deadline for late rent. Chintels claims payments have begun for 140 residents, but arguments continue. The case highlights enforcement issues in Gurugram's real estate sector, putting officials under pressure to act.Read more

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Gurgaon Real Estate: Dwarka Expressway records 58% year-on-year growth in housing prices

04 Mar 2025

Dwarka Expressway has been recognised as India's fastest-growing real estate corridor, witnessing a remarkable 58% year-on-year increase in housing prices during the last quarter, according to a recent report by CREDAI-Colliers-Liases Foras. Dwarka Expressway has surpassed all other major cities and micro-markets, solidifying its status as the most attractive investment destination in Delhi NCR and across India. With rising demand for premium housing, robust infrastructure development, and proximity to key business districts, the real estate market in this region continues to flourish, reflecting strong investor confidence and sustained price appreciation.Read more

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Gurgaon Property Deals: Swiggy opens new office in One Horizon Centre amid quick commerce expansion

03 Mar 2025

Swiggy has opened a new office at DLF One Horizon Centre, Gurgaon, strengthening its North India presence while retaining its Bengaluru headquarters. The move aligns with its quick commerce growth strategy as it competes with Zomato's Blinkit. Despite reporting a net loss of INR 799 crore in the December quarter, Swiggy continues to invest in expansion. Gurgaon's commercial real estate market is booming, with leasing activity up 15% in key hubs like Cyber City and Golf Course Road. Swiggy's move reflects a broader trend of new-age companies securing prime office spaces to enhance brand presence and talent acquisition.Read more

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Gurugram Real Estate: Ikea opens 180,000 sq ft distribution centre in Gurugram to boost North India deliveries

27 Feb 2025

IKEA has launched a 180,000 sq ft Customer Distribution Centre (CDC) in Gurugram, enhancing order fulfillment efficiency across Delhi-NCR. Developed with Rhenus, the facility enables 24-hour delivery for over 7,000 IKEA products and is strategically located 35 km from the airport for seamless last-mile logistics. Aligned with IKEA's sustainability goals, the CDC features eco-friendly initiatives like paper pallets, rainwater harvesting, and a 100% EV delivery target. With INR 10,500 crore invested in India, IKEA plans online sales in Delhi-NCR by 2024 and physical stores in Gurugram and Noida by 2025, further strengthening its market presence.Read more

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Gurugram DTCP targets 600 properties for unauthorized construction in DLF-3

24 Feb 2025

In Gurugram, over 600 property owners in DLF-3 have received DTCP notices demanding restoration of unauthorized alterations to their buildings by the first week of March. The enforcement measures, which include cancellation of occupancy certificates, property sealing, and utility cut-offs, follow unsatisfactory replies to initial show-cause notices regarding commercial use in residential areas. The action was triggered by a court petition and extensive DTCP raids that uncovered violations at 4,200 sites, especially on EWS-designated plots transformed into multi-storeyed buildings. Additional illegal modifications, affecting 500 properties, have strained civic infrastructure, intensifying Gurugram real estate news concerns over safety and urban planning.Read more

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Gurugram: Chintels Paradiso homeowners receive compensation options following structural concerns

21 Feb 2025

Homeowners of towers A, B, and C in Chintels Paradiso, Sector 109, Gurugram, are set to receive compensation options following a high-level meeting led by the deputy commissioner. The meeting upheld the findings of the Central Building Research Institute (CBRI), which deemed the towers structurally unsafe. Homebuyers can choose between a full refund at the market rate with additional compensation or the option for reconstruction with rent payments for alternate accommodation. The meeting also reiterated the continuation of rent payments as per previous orders.Read more

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Gurugram: High Court orders crackdown on 4,500 illegal constructions in Gurugram's DLF phases

18 Feb 2025

The Punjab and Haryana High Court recently ordered the district administration and the Department of Town and Country Planning (DTCP) to take strict action against over 4,500 unauthorised constructions in Gurugram's DLF Phases 1-5. These violations include illegal modifications and business operations in residential zones, particularly in Economically Weaker Section (EWS) housing. The case stems from a PIL filed in 2021 by the DLF City Residents Welfare Association, highlighting unauthorised commercial activity in residential areas. The court instructed the authorities to complete enforcement measures within two months and submit a detailed report.Read more

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Gurugram Real Estate: Onward Workspaces leases 7,050 sq ft in Gurgaon to UK-based Clarksons Shipping

14 Feb 2025

Onward Workspaces, a premier provider of co-working and managed office spaces, has successfully leased 7,050 sq ft of its newly developed 18,000 sq ft premium facility at Emaar Capital, Gurgaon, to Clarksons Shipping, a renowned UK-based global leader in integrated shipping services. The space, designed to accommodate 120 seats, highlights Onward's expertise in delivering bespoke office solutions for multinational corporations. The move underscores the increasing demand for high-quality managed office spaces in Gurgaon, a key business destination in India. This lease agreement aligns with Onward Workspaces' broader expansion strategy, which includes developing 150,000 sq ft of office spaces across the NCR region with an investment of INR 18 crores.Read more

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Gurugram: DTCP demolishes illegal gates in two colonies after complaints

14 Feb 2025

The Department of Town and Country Planning (DTCP), with police support, demolished illegal gates in South City 1 and Sushant Lok 1 after receiving multiple complaints. Officials sealed illegal constructions and warned Resident Welfare Associations (RWAs) against erecting unapproved barriers. The deputy commissioner mandated that internal road gates in licensed colonies and HSVP sectors remain open during the day. Authorities stated that only boom barriers, monitored by security personnel, are permissible. While residents welcomed improved accessibility, some raised security concerns. DTCP vowed to continue enforcement and urged citizens to report similar violations to ensure compliance with urban planning laws.Read more

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DTCP launches major crackdown on unauthorized buildings in Gurugram

13 Feb 2025

Authorities in Gurugram launched a major enforcement drive last week, targeting illegal constructions across the city. The Department of Town and Country Planning (DTCP) led the operation, demolishing unauthorized structures at Idea Cosmic Plaza, Alipur, and Raiseena villages. Officials dismantled two ramps, a gym, and two offices at Idea Cosmic Plaza while clearing 69 acres of illegal developments in Alipur and Raiseena. Legal action is underway against developers and brokers responsible for misleading buyers. Authorities urge prospective investors to verify land approvals to avoid financial losses. Strict enforcement measures will continue against future violations.Read more

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Haryana: MCG to auction municipal land online under new Haryana property sale policy

07 Feb 2025

The Haryana Municipal Properties Auction Policy, 2024 introduces an online auction system for selling municipal properties, ensuring transparency and accessibility. The Municipal Corporation of Gurugram (MCG) is identifying land for auction, with a dedicated online portal under testing. Bidders must register and submit an earnest money deposit (EMD) before participating. Bid increments start at INR 30,000 for INR 1-5 crore properties and INR 50,000 for those above INR 5 crore. The MCGs vacant land in sectors 33, 35, 58, 61, and others is expected to generate significant revenue, boosting urban development and infrastructure across Haryana.Read more

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Gurugram: Chintels Paradiso begins demolition of six unsafe residential towers

05 Feb 2025

The developer of Chintels Paradiso in Gurugram's Sector 109 has commenced the demolition of six residential towers deemed unsafe by the district administration. The demolition began with Tower H, initially through manual dismantling, with mechanical demolition expected to follow. This decision follows a structural audit ordered after a 2022 incident where a ceiling collapse in Tower D led to casualties. The entire demolition process is anticipated to take around six months. Meanwhile, the developer is seeking approvals to reconstruct the towers, and discussions continue regarding the fate of the remaining three towers, with homeowners demanding rent compensation and project transparency.Read more

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Gurugram: DTCP issues show-cause notices to 650 DLF-2 property owners for illegal construction and commercial operations

05 Feb 2025

The Department of Town and Country Planning (DTCP) recently issued show-cause notices to 650 property owners in DLF-2 for illegal construction and conducting commercial operations in residential areas. The action follows a large-scale survey prompted by a Punjab and Haryana High Court order. The survey covered 15,000 properties across DLF-1 to DLF-5, with violations found in over 4,000 properties. The department has warned owners to rectify the violations or face strict penalties, including demolition and sealing drives. The effort aims to curb the growing misuse of residential properties in Gurgaon for commercial purposes.Read more

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ASK Property Fund invests INR 245 crore in Gurugram residential project

03 Feb 2025

ASK Property Fund, part of the Blackstone-backed ASK Asset & Wealth Management Group, has invested INR 245 crore in a residential project in Gurugram's Sector 104, located along Dwarka Expressway. The project, spread across 4.6 acres, will include approximately 500 mid to upper-mid-income housing units, with a total saleable area of 1.2 million sq ft. Expected to generate INR 1,600 crore in revenue over five years, the investment will support land acquisition and working capital requirements.Read more

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Raheja Developers faces scrutiny for failing to pay for structural safety audit of its housing projects

31 Jan 2025

Raheja Developers has been scrutinised for not depositing INR 77.28 lakh for the second phase of the structural safety audit for its housing projects, Raheja Vedanta and Raheja Atharva, in Gurugram. Despite multiple reminders, the company has failed to comply with payment instructions. The district authorities, led by Deputy Commissioner Ajay Kumar, have recommended stringent actions, including halting the approval of future permissions for the developer until the payments are made. The safety audits, initiated due to concerns raised by residents, remain incomplete, leaving residents in both societies anxious about their buildings' safety.Read more

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Haryana government to provide housing facilities to underprivileged families

22 Jan 2025

The Haryana government has committed to providing housing to underprivileged families under the Mukhyamantri Gramin Awas Yojana and Pradhan Mantri Gramin Awas Yojana. Plots measuring 100 square yards will be allotted in phases within developed colonies featuring essential amenities. An allocation of INR 100 crore has been earmarked for the initiative. The schemes target families with annual incomes below INR 1.80 lakh who lack property or housing. The government is facilitating financing options to ensure accessibility, with provisional allotment letters already issued to some beneficiaries.Read more

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Gurugram: District administration halts decision to vacate unsafe towers at Chintel's Paradiso

22 Jan 2025

The district administration of Gurugram has postponed its decision to evacuate three towers of the Chintels Paradiso housing society, after considering objections raised by residents. The move follows the partial collapse of Tower D in February 2022, which killed two women. A structural audit by IIT-Delhi deemed most of the towers unsafe. The Residents Welfare Association (RWA) and the builders are in disagreement over the specifics of reconstruction, with residents alleging financial hardships. The final decision will depend on the builders' response to these concerns.Read more

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Gurugram's DLF-3 and DLF-5 under scrutiny for zoning violations and illegal activities

17 Jan 2025

Property owners in DLF City, Gurugram, particularly in phases 1-5, face scrutiny for widespread illegal construction and unauthorized commercial activities. The Department of Town and Country Planning (DTCP) has identified violations in 4,183 properties, issuing 1,138 notices so far, with a January 31 deadline for compliance. Key violations include unauthorized multi-story buildings and misuse of residential properties for paying guest accommodations and guesthouses. Despite DTCP efforts, legal obstacles and court stays on 167 cases have hindered enforcement. With the Punjab and Haryana High Court set to review the case on January 15, stricter enforcement and compliance are critical to preserving residential zoning integrity.Read more

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Gurugram Municipal Corporation strengthens RWA ties to enhance citizen services

16 Jan 2025

The Municipal Corporation of Gurugram (MCG) is boosting communication with Resident Welfare Associations (RWAs) through meetings on January 9 and 10, targeting Zones 1 and 2, with similar gatherings planned for other zones. MCG Commissioner Ashok Kumar Garg aims to understand and address residents' challenges, complementing this initiative with "samadhan camps" for resolving property tax and infrastructure complaints on the spot. Emphasizing swift action, Garg has directed zonal officers to inspect and address issues like sewer overflow promptly. These efforts highlight MCG's commitment to fostering community dialogue and improving service delivery, setting a model for citizen-centric urban governance.Read more

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