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

Developer of Platinum Tower in Gurugram fined for illegal construction waste dumping

06 Jul 2023

The Municipal Corporation of Gurugram (MCG) has imposed a fine of Rs 1.1 crore on the developer of Platinum Tower for illegally dumping 12,881 metric tonnes of construction waste on the master stormwater drain in the greenbelt area. The MCG will also recover Rs 92 lakh for debris removal and disposal, along with a penalty of over Rs 18 lakh. The action was taken following the discovery of a blocked drain causing waterlogging. The developer has refused to comment. The MCG's strict actions aim to deter illegal dumping and ensure proper waste disposal in Gurugram.Read more

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Buyers at Dhoot Sare in Gurugram protest delayed flat deliveries

06 Jul 2023

According to the association, a significant number of buyers, specifically 471, who had invested in SARE Homes, have been unable to secure their flats. This predicament arose due to the alleged failure of KGK-Dhoot and Interim Resolution Professional (IRP) to adequately inform them about the necessary filing procedures. As a result, these buyers were not equipped with the knowledge required to claim their properties. The association expressed its concern regarding this issue, emphasizing that the affected individuals were left uninformed and unable to exercise their rights as purchasers.Read more

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Conscient Infrastructure acquires 6.6-acre Gurugram land for Rs 85 crore

05 Jul 2023

Conscient Infrastructure has acquired 6.6-acre land in Gurugram for approximately Rs 85 crore to develop a housing project, leveraging the bullish market. Real estate consultancy Cushman & Wakefield facilitated the deal. The land parcel has a development potential of over one million square feet. With this strategic move, Conscient Infrastructure capitalizes on the demand surge for residential properties, solidifying its position as a leading developer in Gurugram. The company's partnership with Hines to establish the 'Elevate Homes' platform further demonstrates its commitment to shaping the future of real estate in Delhi-NCR.Read more

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Proposal to legalize illegal colonies in Gurugram unveiled by district administration

04 Jul 2023

Out of the total 60 eligible colonies, the district administration has forwarded a list comprising 11 colonies to the state government, while active efforts are currently underway to address the issues in the remaining 49 colonies. The administration has been diligently working to assess the status of these colonies and take necessary measures to regularize their status. By engaging in this ongoing process, they aim to grant legal recognition and provide essential services to these unauthorized settlements in Gurugram. The authorities remain committed to resolving the administrative and infrastructural challenges in these colonies.Read more

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DTCP pursues legal action against Mahira Homes on allegations of forged documents

03 Jul 2023

Mahira Homes faces legal action as the Department of Town and Country Planning (DTCP) in Gurugram orders a formal investigation into alleged forgery of documents. The city-based property developer, its subsidiaries, and associates are under scrutiny for submitting counterfeit plans to authorities. Despite previous blacklisting for similar fraudulent activities, the developer has reportedly not altered its practices. As a result, the DTCP has suspended Mahira Homes' licenses for a specific project and issued a show-cause notice, risking further punitive measures.Read more

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Chintels India ordered to conduct fresh structural audit of tower A for resident safety

28 Jun 2023

The Department of Town and Country Planning (DTCP) has directed Chintels India, the developer of Chintels Paradiso society in Sector 109, to conduct another structural audit of tower A within 30 days. This decision comes after a recent report by IIT-Delhi highlighted signs of deterioration in the tower. The audit aims to assess the extent of corrosion and recommend rehabilitation measures to ensure resident safety. Chintels India must submit a compliance report and execute the recommendations outlined in the audit. Failure to comply may lead to legal action against the developer.Read more

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Ansal Housing directors and top executives under investigation for alleged fraud in Gurugram

28 Jun 2023

The directors and senior officials of Delhi-based Ansal Housing are facing a police inquiry for alleged investor fraud. Ansal's commercial project "Ansal Hub" in Sector 83, launched in 2010, is yet to be delivered despite investors paying up to 95% of the total amount by 2015. The police registered an FIR against 12 individuals from Ansal, including its directors and key sales team members, for criminal conspiracy, breach of trust, and cheating. This case emphasizes the need for more robust regulations and transparency in the real estate industry.Read more

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Investors of two Gurugram projects accuse Ninaniya Estates of fraud, demand action

28 Jun 2023

Investors in Gurugram are up in arms against Ninaniya Estates Limited, accusing the developer of fraud and non-completion of two projects. The protesters, mostly senior citizens, gathered outside the developer's office demanding refunds for their investments in Prism Portico and Prism Suites. Despite multiple complaints to authorities, including the police, no action has been taken. The projects, launched in 2008 and 2011 respectively, have faced significant delays, leaving investors frustrated. The lack of response from Ninaniya Estates Limited and the absence of RERA registration for the projects have further fueled the investors' anger. Justice and accountability are being demanded by the aggrieved investors.Read more

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Building tilt in DLF 3 prompts evacuation, revealing unauthorized construction violations

28 Jun 2023

Approximately 20 residents were forced to evacuate a five-storey building in DLF 3, Haryana, after it started tilting, potentially due to nearby excavation work. The building's owner received a notice for unauthorized construction, while the owner of the adjacent plot was called upon for excavation without professional oversight. The tilted building is currently supported by cranes. Violations of building codes and illegal construction have been a recurring issue in the area, leading to concerns about safety and strain on civic infrastructure. Authorities are taking action and urging strict enforcement of regulations to prevent future violations and protect residents.Read more

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Mayfield Garden RWA faces legal action for unlawful construction at dispensary site

26 Jun 2023

The Mayfield Garden Residents Welfare Association (RWA) in Gurugram is facing legal repercussions for constructing commercial structures at a designated dispensary site. The Department of Town and Country Planning (DTCP) has issued a restoration order after the RWA failed to respond to a show-cause notice. The order mandates the removal of unauthorized structures within seven days, with potential demolition if non-compliance occurs.Read more

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Missing property records: Audit reveals Gurugram's Rs 462 crore loss in 11 years

23 Jun 2023

MCG suffered significant revenue losses of Rs 461.7 crore over a 12-year period due to the inability to collect property tax from institutional property owners. An audit revealed missing owner names in MCG's records for zones 1 and 4. The audit report highlighted the lack of effort from zonal taxation officers to locate these records. This led to a loss of property and a fire tax amounting to Rs 461.7 crore. MCG aims to recover the amount owed, but rectifying the property ID data and updating records will take time and effort.Read more

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Rampant illegal developments threaten Aravali Biodiversity Park in Gurugram

23 Jun 2023

Gurugram's Aravali Biodiversity Park, recognized as an Other Effective Area-Based Conservation Measures (OECM) site, is facing rampant illegal building activities. A road exceeding two kilometers from DLF 3 dissects the park, giving way to unauthorized structures and growing construction waste piles. Residents voice their frustration over the lack of government action to protect this key green zone. The Municipal Corporation of Gurgaon promises surveillance and demolition efforts in response.Read more

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Gurugram's DTCP demands builder floor registry data from tehsils

22 Jun 2023

The Department of Town and Country Planning (DTCP) in Gurugram has requested tehsildars of all eight tehsils to share data on registries of builder floors executed after the implementation of the self-certification scheme seven months ago. The scheme allowed architects to issue occupation certificates (OCs) to buildings. However, the DTCP received information that some property owners and architects obtained registries without submitting the OC file. In response, the DTCP has circulated a standard operating procedure to issue OCs under self-certification for residential units within licensed plotted colonies.Read more

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Eviction threat looms over residents of Chintels Paradiso, Gurugram

20 Jun 2023

Chintels Paradiso residents are grappling with looming eviction threats as the developer allegedly demands the termination of their temporary accommodation within a week. This move comes amidst ongoing issues with structural defects that led to a major collapse in February 2022. With half of the 180 affected families yet undecided on the compensation offer, and the recent order for residents of Tower G to vacate, the crisis at the residential complex has intensified. As residents battle housing rights and safety concerns, the situation necessitates urgent attention from both the developer and authorities.Read more

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90% of Gurugram high rise surveys complete, 15 societies set for intensive structural scrutiny

20 Jun 2023

In Gurugram, structural audit firms are nearing completion of visual inspections for serious construction defects in over 70 high rise societies. With 90% of the surveys complete, the district administration prepares to select 15 societies for detailed auditing based on the findings. This effort follows a tragic building collapse last year, highlighting a commitment to enhancing safety measures and addressing construction flaws across the city's residential societies.Read more

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Gurugram civic body delayed property ID processing for two years, finds audit

20 Jun 2023

The MCG's audit revealed significant delays in processing property ID applications, taking one to two years instead of the mandated ten days. In Zone 1, 569 IDs were created out of 1,219 applications, while in Zone 4, 1,266 IDs were created out of 1,859 applications. Processing times ranged from 11 days to over two years. The report highlighted undisclosed reasons for delays and a lack of communication with rejected applicants. Measures were taken to improve service delivery. Additionally, 50,415 temporary IDs were generated, with a tax assessment of Rs 14.9 crore, of which Rs 11.3 crore was received by the ULB department.Read more

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Cabinet approves metro between HUDA City Centre and Cyber City in Gurugram

PNT Reporter

16 Jun 2023

The Union Cabinet has given its approval for the metro rail connectivity project between HUDA City Centre and Cyber City in Gurugram, aiming to enhance public transport in the national capital region. The Haryana Mass Rapid Transport Corporation Limited (HMRTC) will undertake the 28.50-kilometer project with 27 stations. The metro trains on this line will operate at a design speed of 80 km per hour, maintaining an average speed of 34 kmph. The entire project is expected to be completed in four years.Read more

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Gurgaon grapples with 298 unsanctioned colonies, Town Planners scrutinized

PNT Reporter

14 Jun 2023

In an escalating urban nightmare, 298 illegal colonies have sprung up across Gurgaon and neighboring areas in the past 17 years. Following a directive from the Director-General, 14 district town planners (DTPs) are under investigation for their failure to prevent these illicit settlements. The Haryana Government is now mulling over the legalization of these colonies, subject to specific criteria. As the probe continues, it highlights the enforcement inadequacies and the urgent need for more effective urban planning strategies.Read more

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Gurugram civic body to fix property tax data errors via camps

PNT Reporter

14 Jun 2023

In Gurugram, the Municipal Corporation (MCG) conducted correction camps to address inaccuracies in the property tax data. A survey conducted by a private organization revealed that the newly generated property IDs contained inaccurate information, causing residents to express dissatisfaction. The local government has been slow to correct the inconsistencies, leading to multiple complaints from residents who are unable to pay their property taxes. Most services for citizens, including addressing grievances and creating property IDs, have been removed from the online system, leaving the No Dues Certificate (NDC) portal as the primary channel for concerns.Read more

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Massive survey launched in Gurugram to monitor dust pollution compliance at construction sites

PNT Reporter

13 Jun 2023

In accordance with the CAQM directives, the Haryana State Pollution Control Board is undertaking a city-wide survey in Gurugram to ensure larger construction sites are adhering to mandatory dust pollution measures. Shockingly, of the estimated 3,000 sites, only 5% have registered on the government's dust pollution control portal. Sites found violating these regulations will face legal action and penalties. This initiative underscores the state's commitment to tackling pollution.Read more

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