Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Gurugram

Gurugram civic body launches sealing drive against property tax defaulters

In Gurugram, the municipal authorities have identified over sixty commercial and industrial properties with property tax dues exceeding INR 1 crore each. Earlier this week, the Municipal Corporation of Gurugram (MCG) issued notices to these defaulters as part of its revenue recovery efforts. A sealing drive is expected to be enforced imminently, aiming to recover long-pending tax arrears and widen the corporation's revenue base. Meanwhile, property tax collections have remained below expectations, with MCG achieving only about 72 percent of its annual target by August despite lower projections compared to the previous fiscal year.Read more

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Gurugram rapid metro operations shift from DMRC to new city-led company GMRL

Haryana Mass Rapid Transport Corporation (HMRTC) has initiated the transfer of Gurugram's rapid metro operations from the Delhi Metro Rail Corporation to Gurugram Metro Rail Limited, with joint management in place during the transition. Passenger numbers surged 13.6 per cent and fare revenue rose by nearly 12 per cent from April to July, reflecting public confidence in the service. Operational costs declined, while non-fare revenue from rentals and advertising increased significantly. Concurrently, detailed project reports for multiple high-speed regional corridors, including Delhi-Rohtak, Delhi-Panipat-Karnal, and Delhi-Shahjahanpur-Neemrana-Behror, are progressing to enhance NCR connectivity.Read more

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DTCP removes unauthorised encroachments and gates to restore public movement in Gurugram

The Department of Town and Country Planning (DTCP) carried out enforcement drives in Gurugram's Sector 85 and Sector 49, targeting unauthorised obstructions on public roads. Gates and a guard room put up by a developer in Sector 85 were demolished for blocking access, while in Sector 49, a resident association was found to have converted part of a road into a park. Officials stressed that public thoroughfares must remain free from encroachment.Read more

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Gurugram civic body takes down 32 illegal flats lacking approvals and safety clearance

The Municipal Corporation of Gurugram (MCG) demolished and sealed 32 under-construction flats at Anamika Enclave in Sector 14. The structures had been raised without mandatory approvals, including building plan clearance, fire safety certification, and required fire escape provisions. The demolition was carried out by the enforcement wing of the civic body under the supervision of senior officials and with police support. Authorities said unauthorised buildings strain basic infrastructure and are often linked to illegal water and electricity connections.Read more

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15 new metro stations to strengthen Gurugram's urban infrastructure

The foundation stone for Gurugram Metro's first phase was laid this past week by Haryana's Chief Minister Shri Nayab Singh Saini and Union Urban Development Minister Shri Manohar Lal Khattar. The project, estimated at INR 5,600 crore, will stretch 28.5 km, linking Millennium City Centre with Sector 101 through 13 stations. Leaders highlighted its role in reducing congestion, boosting connectivity across NCR, and driving real estate growth, with industry voices pointing to significant opportunities along the Dwarka Expressway, SPR, and Sohna Corridor.Read more

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Max Estates acquires land in Gurugram for premium housing expansion

Max Estates Ltd has finalised the acquisition of a 7.25-acre land parcel in Gurugram through its takeover of Base Buildwell Private Limited (BBPL). The land, located at Sector 59, Golf Course Extension Road, is expected to generate more than INR 3,000 crore in sales. With an estimated development potential of 1.3 million square feet, the project strengthens the company's residential strategy in Delhi-NCR.Read more

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Gurugram homebuyers protest Ocean Seven Buildtech over stalled project

Homebuyers of the Expressway Towers project in Gurugram's Sector 109 have been protesting against developer Ocean Seven Buildtech Pvt Ltd due to significant delays in possession. Despite full payments made since 2016 under the Affordable Housing Scheme, construction remains incomplete. Buyers allege fund diversion by the developer and have filed complaints with authorities. The developer claims that possession will be delivered by March 2026.Read more

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Israel Aerospace Industries subsidiary leases office space in Gurugram

Israel Aerospace India Services Pvt Ltd, a subsidiary of Israel Aerospace Industries (IAI), has leased a 45,277 sq ft office space in Gurugram's Intellion IT Park for a monthly rent of INR 32.14 lakh. The five-year lease, which includes a 15% rent escalation every three years, is part of IAI's strategy to expand its presence in India. This move aligns with the "Atmanirbhar Bharat" initiative, as the company plans to establish a large-scale hub for the maintenance, repair, and overhaul (MRO) of defense equipment in the Gurugram area.Read more

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DTCP issues show-cause notice to Experion Developers and Windchants RWA for layout violations in Gurugram

The Department of Town and Country Planning (DTCP) in Gurugram has issued a show-cause notice to Experion Developers Pvt Ltd and the Windchants Condominium RWA for violating the approved layout plan. Key issues include converting fire tender paths into green areas and selling setback land meant to remain vacant. The DTCP has asked both the developer and the RWA to correct the violations and submit a detailed explanation along with relevant documents by early September, warning that non-compliance could trigger legal action and licence cancellations.Read more

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Landmark Group to invest INR 400 crore in new housing project in Gurugram

Landmark Group has committed an investment of INR 400 crore for the construction of a new premium housing project in Gurugram. The development, named Landmark SKYVUE, will feature 240 apartments across a four-acre site in Sector 103, close to the Dwarka Expressway. The group has owned the land since 2009 and has already cleared all government-related approval charges. Construction will be financed through internal accruals, bank loans, and advances from buyers.Read more

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Signature Global to launch projects worth INR 14,000 crore in Gurugram

Signature Global is set to launch projects worth between INR 13,000-14,000 crore in Gurugram, ahead of the festive season. The new developments, which include a 4 million sq. ft. land parcel, are located in Sector 37D near the Dwarka Expressway and Sector 71 near the Southern Peripheral Road (SPR). These projects will feature a mix of residential and commercial spaces, targeting both premium and affordable segments. The company is optimistic about strong demand, driven by Gurugram's infrastructure upgrades and a revival in the National Capital Region's property market.Read more

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HSVP to renovate and allot 1,088 long-vacant EWS flats in Gurugram

The Haryana Shahari Vikas Pradhikaran (HSVP) has decided to renovate and allot 1,088 vacant affordable flats in Sector 47, Gurugram, which were constructed in 2010 under the Ashiana Scheme for economically weaker sections (EWS). Initially, these flats remained unallotted for over 15 years due to procedural delays and disputes over eligibility, and HSVP had considered demolishing them to use the land for high-end housing. Following public opposition and a complaint escalated to the Prime Minister's Office, HSVP approved an INR 8 crore renovation plan, with allotments to eligible families scheduled after repairs.Read more

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Gurugram authorities demolish illegal structures in multiple localities

Gurugram's planning authorities have intensified action against illegal colonies and unauthorised structures, demolishing violations in Palam Vihar, Carterpuri, Mubarikpur, and Iqbalpur. In Palam Vihar, a departmental store operating in a stilt parking area was sealed, while Carterpuri saw the removal of illegal boundary walls, roads, and kiosks linked to unauthorised plot sales. Officials are also addressing breaches within licensed housing societies, where some RWAs have altered common areas in violation of the Haryana Apartment Ownership Act. Repeat offenders may face administrator appointments. The crackdown is part of a wider enforcement push, including measures against forest land encroachments and misuse of residential properties.Read more

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Gurugram to build three new C&D waste plants to tackle construction debris

Gurugram's municipal body will build three new construction and demolition (C&D) waste plants to tackle rising environmental concerns. A major facility is planned near the Global City project, with two smaller ones at Bandhwari and Begumpur Khatola. This follows state directives to address daily and legacy waste management. Currently, the Basai plant handles only 300 of the 1,500-2,000 tonnes generated daily, leading to illegal dumping-particularly near the Aravallis. With a doubled waste management budget of INR 20 crore, officials aim to have the new plants running before the next monsoon. The expansion will ease Basai's load and significantly improve recycling and compliance.Read more

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Shine Buildcon told to pay 11.1% interest for delayed possession in Gurugram project

Haryana RERA has ruled against Shine Buildcon for a four-year delay in handing over a commercial unit at '70 Grandwalk' Sector 70, booked in 2014. Possession, due by mid-2019, was only offered in late 2023. The developer's defence citing demonetisation, GST, and COVID-19 was rejected as insufficient. RERA ordered Shine Buildcon to pay 11.1% annual interest on the buyer's payments, from the due possession date to actual offer or two months post-occupation certificate-whichever is earlier. The amount must be settled within 90 days, and possession delivered within 30 days thereafter. The builder is barred from imposing extra charges beyond the original agreement.Read more

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DTCP demolishes illegal meeting hall built by RWA at Emaar Palm Hills, Gurugram

The Department of Town and Country Planning (DTCP), Gurugram, recently demolished an unauthorized structure constructed by the Resident Welfare Association (RWA) of Emaar Palm Hills in Sector 77. The RWA had built a meeting hall in the society's open area, which violated the approved layout plan. Despite earlier notices, the association failed to act, leading to the enforcement. DTCP clarified that RWAs are not permitted to carry out construction in common or green areas, regardless of internal resolutions. The demolition received support from residents and planning experts.Read more

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Gurugram Metro Phase 1: Dilip Buildcon-RBL emerge as lowest bidders for 15-km corridor

The Gurugram Metro project advanced as bids for Phase 1-linking Millennium City Centre to Sector 9-were opened this week. Dilip Buildcon and RBL submitted the lowest bid, now under review. Phase 1 includes a 15+ km elevated corridor with 14 stations and a 2 km spur to the Dwarka Expressway, plus a ramp to a future depot in Sector 33. Of eight bidders, six cleared technical evaluation. Construction is expected to start by September and finish in 30 months. Authorities stress strict timelines and ongoing monitoring. While planning delays persist at the Cyber City interchange, Phase 1 promises major mobility improvements across Gurugram.Read more

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SRF Ltd to invest nearly INR 750 crore in new agro-chemical and BOPP film facilities

SRF Ltd, a Gurugram-based diversified chemical firm, plans to invest close to INR 750 crore to establish new manufacturing facilities. This includes an agro-chemical plant in Dahej, Gujarat, costing INR 250 crore, and a BOPP film manufacturing facility in Indore, Madhya Pradesh, with an investment of INR 490 crore. These projects, approved by the company's board recently, are part of SRF's expansion strategy. The announcement follows a strong financial quarter for SRF, which reported a 71 percent increase in net profit, reflecting the company's robust capital expenditure plans despite global uncertainties.Read more

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Namo Realtech raises INR 350 crore from BGO-Aditya Birla Sun Life AMC for Gurgaon project

Namo Realtech has secured INR 350 crore in funding from a real estate-focused lending platform operated by BGO-Aditya Birla Sun Life AMC, marking a significant boost to its residential development in Gurgaon. The investment is part of a structured credit strategy launched in 2022, which has already committed USD 100 million across 10 deals and aims to scale up to USD 1 billion by 2028. Executives from both companies highlighted the robust prospects of India's residential property market.Read more

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DTCP demolishes 13 illegal colonies across Gurugram in major crackdown

Gurugram's Department of Town and Country Planning (DTCP) demolished 13 unauthorised colonies covering over 40 acres. The crackdown targeted areas in Kadarpur, Dhankot, Kherki Majra and Bhondsi, where illegal plotting, boundary walls, and under-construction buildings were removed. More than 50 structures, including internal roads and plinths, were dismantled. This drive is part of DTCP's broader effort to curb illegal developments and protect planned urban growth. The department also issued warnings in licensed colonies where commercial misuse and construction violations were detected.Read more

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