In Gurugram, Emaar India faces allegations of selling a 1.2-acre plot in Heritage One society, Sector 62, designated as a green belt, to Polestar Private Ltd. for INR 8.1 crore under the guise of a school site. Polestar claims Emaar provided misleading documents, resulting in an FIR against Emaar for cheating and criminal conspiracy. The Gurugram police are investigating, while Emaar denies wrongdoing. This case underscores the necessity for rigorous due diligence and verification of land use approvals to safeguard real estate investments.Read more

Whiteland Corporation, a leading real estate developer in Delhi's NCR, has joined forces with Marriott International Inc. to bring the prestigious Westin Residences to Sector 103 in Gurugram. This partnership combines Whiteland's expertise in delivering high-quality, sustainable projects with Marriott's renowned brand and commitment to wellness. The Westin Residences project, estimated at a staggering investment of INR 5,600 crore, will offer a range of three- and four-bedroom residences spanning 235 to 386 square meters, catering to the discerning preferences of modern homebuyers. The project's design and amenities have been meticulously crafted by renowned industry experts, ensuring a harmonious blend of architectural excellence, lush landscaping, and sophisticated interiors.Read more

Oberoi Realty, known for its luxury projects in Mumbai, ventures into Delhi NCR with a prime 14.81-acre land acquisition in Gurugram for INR 597 crore (USD 74.6 million). This marks their largest deal outside Mumbai, signaling confidence in the national market. Located in Sector 58, Gurugram, the site offers development potential of 2.6 million square feet, valued at over INR 2,300 per square foot. Amidst Gurugram's thriving real estate scene, Oberoi's entry promises expanded luxury options, catering to upscale buyers seeking prestigious addresses and premium living experiences. This move could catalyze competition and innovation in Delhi NCR's high-end property market.Read more

Whiteland Corporation has partnered with Marriott International to develop "Westin Residences Gurugram," the first standalone Westin Residences in India. Situated on a 20-acre site along Dwarka Expressway in Sector 103, Gurugram, the project will offer approximately 674 luxury units in its first phase, launching in Q2 of the current financial year. The total investment for the project exceeds INR 5,000 crore, with an estimated sales value of over INR 15,000 crore. Homes will range from 235 to 386 sqm, with prices starting around INR 5 crore. This landmark project, managed by Marriott, aims to redefine luxury living in Gurugram.Read more

Ganga Realty will invest INR 1,200 crore in the Anantam residential project in Sector 85, Gurugram. The project spans 5.29 acres and will feature three G+59 storey towers with 524 units of 3 and 4 BHK apartments, priced from INR 16,500 per sq ft. Funded through internal accruals and customer advances, the project aims for a INR 2,000 crore sales target. Located near the Dwarka Expressway and IGI Airport, Anantam will include luxury amenities, smart home features, and sustainable technologies. Completion is expected in five years, offering "tallest luxury towers" in Gurugram and in Delhi.Read more

Bollywood icon Ajay Devgn has inaugurated NY Cinemas in Delhi NCR, marking a pivotal expansion for his multiplex chain. Located at Elan Epic Mall in Gurugram's Sector 70, the luxurious 5-screen multiplex has 890 seats spread across 46,000 square feet. It features a pre-lobby area, main lobby, and an upscale AMOR lounge, ensuring a comfortable moviegoing experience. Devgn's vision for NY Cinemas aims to democratize access to high-quality theatrical experiences, with plans to establish 250 screens primarily in North and West India. This strategic move aligns with the booming Indian multiplex industry, poised for substantial growth in the coming years.Read more

A city court dismissed a real estate firm's petition to stop residents of Park Serene condominium from displaying banners criticising construction quality and infrastructure. BPTP, the developer, had filed a defamation suit, alleging harm to its reputation. Residents argued the banners served public interest by highlighting community issues. Judge Kimmi Singla's ruling on May 31 emphasised free speech rights, citing a Supreme Court precedent that injunctions in defamation cases should be rare. She noted the banners focused on facilities provided by BPTP, leaving defamation determination for trial. Residents welcomed the decision, citing ongoing concerns over construction quality and management practices, while the developer expressed intent to pursue legal recourse.Read more

Central Park, the real estate development subsidiary of Indian conglomerate Bakshi Group, is planning to list its realty business on the stock exchanges within the next 2-3 years. The company aims to launch projects worth INR 10,000 crore in FY25 and expects sales to reach the same figure in time for its IPO. Central Park currently has a vast land bank spread across Gurugram and is in the process of appointing an auditor to transition to a publicly listed structure. To fuel future growth, the developer will launch multiple residential and commercial projects in the upcoming years across Sohna, Dwarka Expressway, and other key markets.Read more

Signature Global (India) Limited (SGIL) is strengthening its presence in Gurugram with two significant land acquisitions through its subsidiaries, Sternal Buildcon and Signatureglobal Homes. In Sector 37D, a plot of approximately 3.80625 acres will accommodate around 6 lakh square feet of residential space, capitalizing on the area's growth potential. Additionally, a larger 14.65-acre plot in Gadauli Kalan offers potential for about 2.7 million square feet of development. These acquisitions highlight SGIL's proactive strategy to meet rising housing demands, focusing on affordable and mid-range segments in Gurugram's competitive real estate market.Read more

Birla Estates, the real estate arm of Aditya Birla Group's Century Textiles and Industries, has announced a new luxury housing project in partnership with Barmalt India Pvt Ltd. This project will transform a prime 13.27-acre land parcel in Gurugram's Sector 31 into a high-end residential development with a potential of approximately 2.4 million square feet, generating an estimated revenue of INR 5,000 crore. Strategically located near key business districts and major hubs, the development promises exceptional connectivity and a luxurious lifestyle experience. This ambitious project reflects Birla Estates' expanding footprint in the luxury real estate market.Read more

A Gurgaon court dismissed real estate developer MGF's plea against a compromise agreement between M3M and a land-owning company. The May 27 order ruled that MGF lacked standing as it was never the land's owner or possessor. MGF's 2022 lawsuit sought to challenge a 2016 compromise deed and Lok Adalat award, claiming dishonoured cheques invalidated the agreement. However, the court highlighted MGF's delayed filing beyond the statute of limitations. The court reaffirmed the validity of the original compromise decree and exchange deeds, upheld by multiple courts, emphasising the importance of timely legal actions and proper standing in civil litigation.Read more

Real estate developer Dvok Buildcon has purchased an 18-acre plot in Manesar, Gurugram for INR 310 crore. The land was previously agricultural land. A stamp duty of INR 21.72 crore was paid for the transaction. This deal is part of Dvok's plan to enhance its portfolio and leverage growth in Gurugram driven by urbanization. The company will develop high-quality sustainable projects on this site in line with its commitments. Despite ongoing residential demand, developers continue acquiring commercial, retail and industrial land across major cities in India. Dvok Buildcon's expansion in the Gurugram market underscores its aim to benefit from the region's strategic location and infrastructure.Read more

Lenskart founder Peyush Bansal, along with members of the Dhanuka Agritech family, have purchased luxury apartments in DLF's super-luxury project 'The Camellias' in Gurugram, totaling INR 106.4 crore. Registered in April 2024, these transactions occurred between 2015 and 2022. Bansal acquired a 7,461 sq. ft apartment for INR 27.02 crore. Ram Gopal Agarwal, Rahul Dhanuka, and Harsh Dhanuka bought units for INR 22.55 crore, INR 24.31 crore, and INR 32.52 crore, respectively. These high-profile sales reflect the robust demand for ultra-luxury homes in the region.Read more

Delhi-NCR-based M3M Group has launched its uber-luxury housing project, M3M Altitude, on Golf Course Road Extension in Gurugram, targeting a revenue of INR 4,000 crore. Situated near Trump Towers within the 60-acre M3M Golf Estate, the project spans 4 acres and includes 350 super-luxury residences priced between INR 10 crore and INR 30 crore. The total saleable area is 1 million sq ft, with development costs at INR 1,200 crore. Completion is expected by 2031. Residences will feature 4 BHK units with servant rooms and penthouses ranging from 3,780 to 8,000 sqft. Golf Course Extension Road is noted for its significant price appreciation and luxury market demand.Read more

Signature Global, a leading name in affordable housing, has expanded its footprint in Gurugram by acquiring 14.65 acres in Sector-37D through its subsidiary, Signatureglobal Homes. This addition brings their total developable area in the city to approximately 21.7 million square feet. In FY24, Signature Global sold over 4,600 units, generating a sales value of INR 72.7 billion - a 112% increase from the previous year. Their collections also surged by 62%, reaching INR 31.1 billion. With estimated revenue recognition of INR 120 billion over the next three years, Signature Global is well-positioned to meet Gurugram's growing demand for affordable housing.Read more

The State Bank of India (SBI) has invested INR 714 crore in the World Trade Center (WTC) project in Gurugram, led by TCG Urban Infrastructure. The project, with a total cost of INR 1,211 crore, will feature 1 million sq. ft of leasable space, including 940,761 sq. ft of office and 72,407 sq. ft of retail space. TCG Urban Infrastructure will contribute the remaining INR 497 crore. This investment highlights SBI's confidence in the project's potential and aligns with the growing demand for modern office space in Gurugram. The WTC project supports the World Trade Center Association's expansion in India, enhancing trade and business connectivity.Read more

DLF recently announced the successful sellout of its luxury residential project DLF Privana West in Gurugram valued at INR 5590 crores within just 3 days. Located in Sectors 76 and 77, the 12.572-acre project is part of the larger 116.296-acre DLF Privana community. It offers amenities like multiple car parks per unit against the backdrop of the Aravali Range and an upcoming safari park. Spread across 5 towers, it has 795 residences including 4 BHK apartments and penthouses designed for privacy with no overlapping views. Aakash Ohri, the joint managing director and chief business officer of DLF Home Developers, highlighted substantial interest from NRIs and reiterated DLF's commitment to building an integrated luxury living ecosystem.Read more

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has received environmental clearance for its ambitious Global City project coming up near Gurugram. Spread over 1,000 acres, the project will develop residential, industrial and commercial areas in sectors 36B, 37A and 37B. Costing INR 940 crore, phase 1 covering 587 acres will be completed by 2026 and include roads, drainage, utilities and landscaping. The unique feature is a 10km underground utility tunnel to avoid future road digging. Global City is planned as a self-sufficient township with a focus on modern technology and future-oriented industries, low carbon green infrastructure, ease of living, skilling of people, and employment generation.Read more

Max Estates Limited, the real estate arm of Max Group, has announced plans to develop an intergenerational housing project spread over 18.23 acres in Gurugram. The project will have a gross development value of over INR 9,000 crore and a developable area of 4 million square feet. It will be developed as an intergenerational community with senior living facilities operated by Antara Senior Living. This consolidation of over 30 acres in sector 36A will allow Max Estates to capitalize on infrastructure upgrades on Dwarka Expressway, a prime luxury residential market. The two projects in Gurugram together imply a combined GDV potential of over INR 13,000 crore from developing an area exceeding 6.4 million square feet.Read more

Prominent figures including MakeMyTrip founder Deep Kalra, Den Networks' Sameer Manchanda, and entrepreneur CP Gurnani and family have purchased luxurious residences in The Camellias, Gurugram. Transactions totaling over INR 127.58 crore highlight the project's appeal to high-profile individuals seeking prestigious living spaces. With spacious apartments ranging from 7,430 to 10,813 sq. ft., The Camellias offers opulent amenities and a vibrant community atmosphere conducive to business connections. These acquisitions underscore the development's status as a premier residential address in the National Capital Region, epitomizing luxury and sophistication.Read more