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Gurgaon

Adani Realty and Brahma Management to jointly develop 150-acre township in Gurgaon

Adani Realty and Brahma Management to jointly develop 150-acre township in Gurgaon
Adani Realty, a subsidiary of Adani Enterprises, and New York based India-focused investment firm Brahma Management has entered into an agreement to jointly develop a township in Gurgaon. According to one of the sources, both the partners have been in talks and have signed the agreement. According to news source, Adani Realty has declined to [...] Continue Reading »

Parsvnath Developers sold 140-acre land to cut debt

Parsvnath Developers sold 140-acre land to cut debt
Realty firm Parsvnath Developers has sold 140-acre land at Sohna, Gurgaon, to Supertech Ltd for Rs 665 crore as part of plans to divest non-core assets to cut debt and complete ongoing projects. With this deal, Kotak Realty Fund has exited this township project. It had invested Rs 110 crore in the project in 2012. [...] Continue Reading »

Allegations against Emaar MGF rejected

Allegations against Emaar MGF rejected
The Competition Commission of India (CCI) has dismissed charges that realty major Emaar MGF Land Ltd had abused its dominant market position with respect to services for development and sale of commercial units in Gurgaon. The case relates to Emaar MGF Land’s commercial project, The Palm Square, at Sector 66, Gurgaon. The complaint was filed [...] Continue Reading »

A large amount of unsold inventory lies in Gurgaon housing market

A large amount of unsold inventory lies in Gurgaon housing market
Gurgaon housing market has unsold inventory of nearly 19 million sq ft, 28 percent of the total area under development, due to slowdown in demand and a surge in supply, according to rating agency ICRA. However, ICRA Research said in its latest report on Delhi- NCR residential market that sales would outstrip demand in near [...] Continue Reading »

Haryana govt issued 134 licences to builders during June-August

Haryana govt issued 134 licences to builders during June-August
In an earlier-this-year move, a sub-regional plan was submitted by the Haryana Government to the NCR Planning Board (NCRPB), seeking the lifting of the ban on issuing fresh licences to builders. During the period between June and August 2014, a record number of 134 licenses were issued by the Department of Town and Country Planning [...] Continue Reading »

Metro work in Dwarka and Gurgaon delayed due to polls

Metro work in Dwarka and Gurgaon delayed due to polls
A metro extension connecting Dwarka and Gurgaon has been delayed indefinitely, as the Delhi Metro Rail Corporation (DMRC) has not submitted the detailed project report to the Haryana government. With the state assembly polls due in October, the model code of conduct will further delay the project. The extension plan has been struggling to take [...] Continue Reading »

Haryana Government directed constructions in a barren tract to be put a halt

Haryana Government directed constructions in a barren tract to be put a halt
Away from the glass and steel spires of Gurgaon, a vast, dusty and virtually barren tract of land is at the centre of a row that threatens to derail not only the flourishing real estate sector, but also seal the fate of thousands of residential flats. The Supreme Court has ordered the Haryana government and [...] Continue Reading »

Mixed land use of industrial plots

Mixed land use of industrial plots
The Haryana Cabinet today had decided to allow mixed land use of industrial plots and sheds in industrial estates in existence in the state as on the 1st of November 1966, the day the state came into existence. Industrial estates to be additionally covered under this are those of Hisar, Gurgaon, Ambala City, Barwala (Hisar), [...] Continue Reading »

CCI to take action against Errant builders

CCI to take action against Errant builders
Unitech, Oberoi Realty, BPTP Ltd, Gaursons India, K Raheja Corp, Amrapali Group, Supertech Ltd, Tata Housing Development Company, Ansal Properties & Infrastructure, Purvankara Projects, Prestige Estates Projects, Avalon Group, Aparna Construction and Estate, Amit Enterprises Housing, Omaxe, Parsvnath Developers, PS Groups Salarpuria Group, Purohit Construction and Ambuja Neotia Group have come under the radar of [...] Continue Reading »

Xander to invest Rs. 400 crore for residential projects in Gurgaon

Xander to invest Rs. 400 crore for residential projects in Gurgaon
Realty firm Supertech has raised Rs. 400 crore from the private equity firm (PE) Xander to finance its upcoming township and housing projects in Gurgaon.The company will develop plots, villas and independent homes in the 140-acre township at an investment of about Rs 1,100 crore. The company said in a statement that Supertech has received [...] Continue Reading »



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