23 Sep 2024

TREVOC Group has launched TREVOC Royal Residences in Sector-56, Gurugram. This high-end residential project is expected to generate INR 1000 Crore in revenue and features 172 luxury apartments spread across 27 floors. It offers cutting-edge design, a top-tier clubhouse, and a Skydeck with sweeping views. Emphasizing TREVOC's 75-year legacy, the project integrates innovation, functionality, and sustainability. The company is also set to deliver over 5 million square feet of residential space and 1 million square feet of commercial space, alongside plans to develop 75-100 acres of land for future projects.Read more

16 Sep 2024

Signature Global has partnered with Ahluwalia Contracts for an INR 1,144 crore contract to develop its first luxury residential project, "De-luxe DXP," in Gurugram's Sector 37D. The project aims to redefine luxury living with sustainable design, exceptional amenities, and top-tier construction. Spanning 16.65 acres, it will feature 1,008 units across eight towers, including apartments and penthouses. The project has received positive responses, particularly from NRIs and professionals, recording INR 3,600 crores in presale bookings. With IGBC Gold Rating and features like swimming pools, clubhouses, and retail spaces, De-luxe DXP promises modern living with excellent connectivity and sustainability.Read more

13 Sep 2024

The County Group, based in Delhi-NCR, has acquired development rights for a 7.9-acre land parcel in Gurugram's village Harsaru, Sector 88A, near the Dwarka Expressway, for INR 105 crore from Brock Developers Private Limited and Ashiana Landcraft Realty Private Limited. Perfect Megastructure Private Limited, a subsidiary of the County Group, will oversee the development. The County Group plans to develop a luxury housing project on this site. Additionally, they recently announced a INR 5,000 crore investment in the 'Ivory County' project in Noida, projected to generate around INR 7,500 crore in revenue.Read more

11 Sep 2024

Landmark Group, a prominent real estate developer based in Gurugram, is gearing up to expand its business portfolio with a robust project pipeline. The company plans to invest INR 4,200 crore over the next two years to launch a mix of luxury, retail, and commercial projects in the thriving micro-markets of Gurugram. Landmark Group's upcoming projects include a group housing development along the Dwarka Expressway and a premium high street project in New Gurgaon, both slated for launch by the end of 2024. The company's diverse real estate portfolio includes townships, villa complexes, group housing, and mixed-use retail spaces, as well as co-working spaces.Read more

10 Sep 2024

Godrej Properties Limited (GPL) has emerged as the top bidder in a recent e-auction by Haryana Shehri Vikas Pradhikaran (HSVP), securing two prime plots in Gurugram for INR 515 crore. The 3.6-acre plot on Golf Course Road and the 1.97-acre plot in Sector 39 offer opportunities to develop over 1 million square feet of residential space, potentially generating revenues exceeding INR 3,400 crore. This acquisition aligns with GPL's strategy to expand its footprint in key markets. The projects, set to launch in fiscal year 2025, reflect growing demand and infrastructure improvements in Gurugram.Read more

06 Sep 2024

Unitech has resumed the construction of its long-stalled South Park project in Gurugram's Sector 70, which was halted in 2013. Originally intended to deliver 832 flats across 27.4 acres, only 672 units were sold before work stopped. The new management, appointed after a Supreme Court order, secured necessary clearances and plans to complete the project within three years. An additional 4.31 acres have been acquired to expand the project. Safety assessments are being conducted, and a quarterly payment plan for buyers has been introduced. However, buyers face challenges in securing loans, with some planning to seek court intervention.Read more

05 Sep 2024

H-RERA met with the homebuyers concerned with the delays in the OSB Expressway Towers project in Sector 109, Gurgaon, and has issued a final warning to the builder. The project, which has been delayed for more than seven years, must be completed within the next six months. If the builder fails to meet this deadline, H-RERA may transfer control of the project to a buyers' association or bring in a third-party builder to finish the work. This decision is intended to protect the rights and interests of the homebuyers who have been waiting for their homes for an extended period.Read more

30 Aug 2024

Ciena, a U.S.-based networking systems and software company, has leased 135,000 square feet of office space in the TRIL Tower, Gurugram, as part of its expansion into India. This move reflects a broader trend in the National Capital Region (NCR), where the denotification of Special Economic Zones (SEZs) is reshaping the commercial real estate market. While office space leasing in the NCR has seen a 16% decline year-over-year, demand for well-located offices remains strong. Ciena's new space underscores the growing importance of India in the tech sector and the shift towards flexible, technology-equipped office environments.Read more

30 Aug 2024

The Punjab and Haryana High Court has postponed the next hearing on the stilt-plus-four (S+4) floors policy to September 3. The policy, which allows four-floor buildings on residential plots, was paused after concerns about its impact on Gurgaon's infrastructure. The Gurgaon Citizens Council (GCC) challenged the policy, leading to a court-ordered suspension until further review. Builders sought to join the case, but GCC opposed their involvement. They emphasised the need for an environmental impact assessment, citing strained city services like water and sewage. They argue that reimplementing the policy without infrastructure upgrades would further damage the city's urban fabric.Read more

29 Aug 2024

Residents of South City 1 are voicing their frustration over the neglect of basic civic amenities, five years after the area was handed over to the Municipal Corporation of Gurgaon (MCG). Persistent issues, such as pothole-ridden roads, inadequate water supply, and poor drainage, have significantly affected their daily lives. A recent protest saw residents holding signs and demanding immediate action from MCG, highlighting the disrepair of roads, sanitation concerns, and frequent flooding during monsoons. Despite meeting with MCG officials and receiving assurances that these issues would be addressed, residents remain cautious but hopeful that their demands will lead to concrete improvements in their living conditions.Read more

28 Aug 2024

Investors can now capitalise on prime commercial real estate with the launch of society shops at India Rashtra, Sector 88A, and Vanya City, Sector 99A, Gurgaon. These projects, authorised under the New Integrated Licensing Policy 2022 and Deen Dayal Jan Awas Yojana, offer lockable shops in highly desirable locations along Dwarka Expressway. India Rashtra offers shops from 312.328 to 384.537 sq. ft., while Vanya City features spaces from 399.95 to 1381.36 sq. ft. Registration for both projects is open until 5th September 2024, with the draw of lots on 7th September 2024. Investment starts from INR 32.46 lacs for India Rashtra and INR 46 lacs for Vanya City.Read more

28 Aug 2024

Welspun One, an integrated fund and development management platform, has acquired a 22-acre site along the Gurugram-NH8 corridor, one of India's largest logistics sub-markets. The company plans to invest INR 125 crore to develop a logistics park that is expected to generate employment for 1,200-1,500 people. The transaction was facilitated by JLL, which described the land deal as unique, involving a long-term lease of aggregated land from multiple private landlords. The site's strategic location near existing major logistics parks, complementing the surrounding infrastructure, makes it an attractive proposition for tenants, including leading third-party logistics players, e-commerce giants, and retail players.Read more

23 Aug 2024

Deutsche Telekom Digital Labs (DTDL) has leased 51,000 square feet of office space at WeWork in Gurugram, marking its second office in the area. The new facility, featuring 700 work units, is located in DLF Cybercity and aligns with DTDL's growth strategy and post-pandemic workspace trends. WeWork, which manages 1.08 million square feet in Delhi-NCR, is experiencing high demand for flexible workspaces. This deal underscores the broader shift towards adaptable office environments, with WeWork also expanding in Noida, Pune, and Chennai. As companies adapt to hybrid work models, the demand for flexible office solutions continues to rise.Read more

23 Aug 2024

Emperium's new luxury project, Emperium Premio, is set to transform Gurugram's real estate landscape. Located in Sector 37C along the Dwarka Expressway, Premio offers 216 apartments in 2, 3, and 4 BHK configurations, plus penthouses, ranging from 1308 to 3600 square feet. Each unit features premium fittings, modular kitchens, and a focus on sustainability with rainwater harvesting and energy-efficient systems. The project includes upscale amenities like a double-height lobby, rooftop pool, and fitness centre. Ravi Saund and Hardeep Singh, Founding Directors of Emperium, promise a blend of luxury, convenience, and eco-friendly living.Read more

22 Aug 2024

The DTCP has issued a 15-day compliance notice to the Residents' Welfare Association (RWA) of Ireo Victory Valley in Sector 67 after EWS flat owners reported being denied access to their homes and common amenities. This issue, highlighted in a grievance hearing led by Deputy Commissioner Nishant Yadav, raises concerns about discrimination against EWS residents. The RWA faces legal consequences if it fails to restore access and services. However, RWA members claim layout issues complicate access. The case underscores ongoing challenges in ensuring equitable treatment for EWS residents in Gurugram and similar communities across India.Read more

22 Aug 2024

The Municipal Corporation of Gurugram (MCG) has taken control of 291 out of 327 acres in Mayfield Gardens, following Chief Minister Nayab Singh Saini's directive to address maintenance issues. This action comes after developers failed to pay development charges, leaving residents with inadequate infrastructure. MCG Commissioner Narhari Singh Banger announced that the corporation would prioritise sanitation and maintenance. Despite the takeover, 36 acres remain under the developer's control, with unresolved issues like sewage and electricity still troubling residents. The transition marks a crucial step in improving living conditions for Mayfield Gardens' residents.Read more

19 Aug 2024

Gurugram District Magistrate Nishant Kumar Yadav has ordered the residents of Tower J in Chintels Paradiso, Sector 109, to vacate their flats within the space of 15 days, citing an IIT-Delhi audit report that deemed the building "unsafe." The order, issued under Section 163 of the Indian Civil Defence Code, follows a previous directive to vacate and demolish five other towers in the same society. The developer of the project, Chintels India Pvt. Ltd., is required to settle compensation claims for affected residents. Police assistance may be sought for enforcement, with penalties for non-compliance under the Disaster Management Act applicable.Read more

16 Aug 2024

The Municipal Corporation of Gurgaon (MCG) has fined two residential societies on Golf Course Road Extension a total of INR 35,000 for non-compliance with Solid Waste Management (SWM) regulations. The fines include INR 25,000 for one society and INR 10,000 for the other. Inspections revealed failures in composting wet waste and recycling dry waste. Both societies were also found lacking waste processing units. The MCG has granted a 20-day period for compliance, warning of further penalties if regulations are not met. This action is part of MCG's broader effort to enforce stricter waste management practices in the rapidly urbanizing city.Read more

15 Aug 2024

Max Estates is launching a luxury housing project, 'Estates 360,' along the Dwarka Expressway in Gurugram. The project, covering 2.4 million square feet, features Delhi-NCR's first "intergenerational living community," blending senior and non-senior residences. With an estimated gross development value of INR 4,000 crore, it includes 864 units, with one-third dedicated to senior living. The project, awaiting RERA approval, will launch soon, with apartment prices of around INR 5 crore. Supported by New York Life Insurance's equity investment, Max Estates maintains a strong financial position, emphasising innovative real estate solutions and community-focused living.Read more

15 Aug 2024

Sobha Ltd is enhancing its footprint in Gurgaon with a joint development agreement for a 12-acre residential project in Sector 63A, marking its third venture in the city. Sobha plans to add 9 million square feet of residential space in FY25, reflecting growing demand in the area. The Golf Course Extension is a key focus due to its high-end infrastructure. With a 28% rise in FY24 sales to INR 6,644 crore, Sobha's expansion strategy aligns with Gurgaon's booming real estate market.Read more