Experion Developers, backed by Singapore's Experion Holdings, continues to make strides in the Indian real estate market. With successful land acquisitions in prominent areas like Gurgaon's Golf Course Road and Noida's sector, the company recently secured a 5.5-acre land parcel in Gurgaon's sector 48 through an HSVP auction. Valued at Rs. 550 crore, the land will be used for a luxury residential project. Experion Developers has a strong presence in various Indian states, offering residential and commercial properties. Their investments in projects, like the Golf Course Road and Noida ventures, signify their commitment to the industry's growth in India.Read more

Deerika Hypermarket, a well-known retailer, has leased a prime retail space of 20,176 square feet in Gurugram's Elan Miracle. This commercial real estate project by Elan Group is set to be operational soon, offering a diverse shopping experience with renowned brands like Pantaloons, Zudio, and the largest Deerika outlet in the area. Deerika Hypermarket, known for its comprehensive range of household items, aims to provide convenience and quality to a wide range of customers. With their expansion plans and Elan Group's commitment to exceptional experiences, the collaboration promises a dynamic shopping destination.Read more

Godrej Properties, a subsidiary of Godrej Industries Ltd., has allocated approximately Rs155 crores for repairs, maintenance, and ancillary costs following quality-related concerns raised by residents of their Gurugram project, Godrej Summit. Issues emerged when a separating slab revealed inadequate flooring in certain flats, raising structural integrity doubts. Subsequent complaints included cracks in balconies and walls, reflecting a larger safety concern post a similar incident at Chintels Paradiso. The Department of Town and Country Planning issued a show-cause notice, prompting a detailed assessment revealing high chloride content causing steel corrosion. GPDL plans to buy back concerned homeowners' units, ensuring repairs and audits before resale.Read more

MRG Group, a real estate developer based in the National Capital Region (NCR), has announced plans to launch a new affordable housing project in Sector 90, Gurgaon. The project will feature 2/3 BHK units spread over 5.26 acres, catering to homebuyers and investors seeking affordable and modern living options. The project's strategic location, emphasis on quality and sustainable construction practices, and a range of amenities are expected to make a significant contribution to the affordable housing sector in the region.Read more

KGK Realty (India) Limited and Dhoot Infrastructure Projects Limited have taken control of the Sare Gurugram Group housing project after the National Company Law Tribunal's approval of the resolution plan. This development is a relief for over 1200 homebuyers awaiting possession of their apartments. The 47-acre project, facing financial challenges, entered the Corporate Insolvency Resolution Process in 2021, delaying delivery from 3 to 8 years. The consortium acted as a development manager during the process, focusing on fulfilling buyers' dreams. With an initial investment of Rs 140 crore, the consortium aims to complete the project in 18 months. The move not only delivers homes but also underscores their commitment to buyers' aspirations.Read more

NCR-based Royal Green Realty has introduced the 'Courtyard 37D' project, an Shop-cum-Office (SCO) venture located in Gurugram's promising Sector 37D. Spanning 3.63 acres, the initiative offers exclusive built-up plots and the flexibility to develop up to 4 floors along with a basement. With investment slated to exceed Rs 60 crore through internal funds, the project is set for completion by 2025, strategically positioned near Dwarka Expressway.Read more

In a significant ruling, the Gurugram forum ordered VP Spaces, a real estate developer, to refund a buyer and prohibited the imposition of penalties for alleged default in the purchase agreement. The forum asserted that penalties can only be levied when explicitly permitted, safeguarding buyer interests and promoting fairness. The decision sets a precedent for transparent and consumer-friendly practices in the real estate sector, emphasizing the need for due diligence by buyers before entering into property agreements.Read more

Experion Capital, a Singapore-based NBFC with a focus on real estate, invests Rs 200 crore in Vatika Group's Sovereign Park project in Gurugram. This luxury residential masterpiece spans 1 million square feet and enjoys a strategic location along the Dwarka Expressway. The move signifies Experion Capital's confidence in India's real estate potential and reflects a growing international interest in the market. With expertise from Singapore's Experion Holdings, Experion Capital aims to redefine luxury living and contribute significantly to India's real estate landscape.Read more

The Department of Town and Country Planning (DTCP) in Gurugram is taking strict action against illegal buildings and constructions. Recently, a farmhouse colony being illegally developed near Sultanpur National Park was dismantled as part of DTCP's initiative to crack down on illegal constructions. The authorities aim to discourage people from investing in illegal projects and promote legal and authorized developments. Policemen are present at the demolition sites to ensure a smooth operation, and an appeal has been made to raise awareness among the public about the consequences of investing in illegal colonies.Read more

In a display of frustration, residents of Gurugram's Sushant Lok and Sector 40 took to the streets, armed with banners and slogans. Convening at Rajpath Marg, the protesters united to form a human chain. They embarked on a march towards the Millennium City metro station, making their demands known. The protest had an immediate impact, causing disruptions to the flow of traffic in the area. This demonstration was held to draw attention to their concerns and advocate for change in the face of neglected upkeep.Read more

The Municipal Corporation of Gurgaon (MCG) has instructed its engineering wing to conduct a thorough survey of properties in Zone 3 after reports of developers and property owners using potable water for construction purposes surfaced. Residents have complained about the inconvenience caused by builders using potable water for construction, leading to reduced water pressure and inadequate supply for the community. The MCG recognizes the severity of the problem and plans to take strong action against those found using potable water for construction.Read more

In Gurugram's BPTP Astaire Gardens, approximately 30 residents found their power supply abruptly cut off on Friday morning without any prior notice. The residents are blaming the maintenance agency for harassment. In response, Deputy Commissioner Nishant Yadav has initiated a three-member inquiry committee. Meanwhile, BPTP group refutes these allegations, attributing the disconnections to unpaid electricity bills. DHBVN officials affirm the power disruption was due to internal maintenance and the matter is between the agency and the residents. The investigation continues.Read more

Experion Developers has launched 10 exclusive 6 BHK duplex villaments at Windchants, its upscale project in Gurugram. Spread across 23.48 acres with only 563 units, Windchants redefines exclusivity and privacy. The luxury housing project offers a variety of amenities including an open-air Jacuzzi and Asia's longest residential skywalk. Influenced by the celestial Saptarishi constellation, Windchants is designed to maximize the benefits of natural light and air flow. The calculated positioning of towers within the complex enhances a serene and luxurious living atmosphere.Read more

The introduction of Lykli, a new brand from Ingka Centres, a major operator in commercial real estate, has been announced. Lykli seeks to transform the retail sector by developing cutting-edge gathering spaces. The first Lykli meeting place, which will be anchored by IKEA and will open in late 2025 in Gurugram, New Delhi, will have a vibrant mix of restaurants, entertainment, top-rate office space, national and international retail brands, and areas for hosting community activities. Lykli Gurugram wants to create a sense of neighbourhood while giving people's health top priority, and leading the way in environmentally friendly mixed-use developments.Read more

Hero Realty Pvt. Ltd. has introduced its new brand, 'Hero Earth,' dedicated to delivering premium plotted development projects. The company has launched its flagship project, 'The Ark,' located in Gurugram's Sector 85. 'The Ark' offers meticulously designed plots with essential amenities, strategic location advantages, and a commitment to quality living. Hero Realty aims to establish itself as a prominent player in the plotted development market with 'Hero Earth' and 'The Ark' project.Read more

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

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

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

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

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