Page 2 - Gurugram

Godrej Properties eyes Rs 3,000 cr sales revenue from new land in Gurugram

Godrej Properties is expecting around Rs 3,000 crore sales revenue from development of a new housing project in Gurugram. In a regulatory filing, the company said it has "entered into an agreement for development of 14.27 acres of land in Gurugram, Haryana." The development will comprise predominantly premium residential apartments. The proposed development on 14.27-acre land will have an estimated revenue potential of about Rs 3,000 crore, it said. Godrej Properties is expanding aggressively to encash rise in housing demand. It is acquiring land outrightly and also entering into partnership with land owners to develop new projects. Earlier this month, Godrej Properties Executive Chairman Pirojsha Godrej had said, "We have added projects worth Rs 16,500 crore so far this financial year and have already crossed our full-year guidance of Rs 15,000 crore. Given strong further visibility, we will end 2022-23 fiscal much ahead of the target." With the addition of this project, the com

Haryana RERA slaps Rs 25 lakh penalty each on 5 builders in Gurugram

The Gurugram bench of the Haryana real estate regulatory authority (HRERA) has imposed penalties of Rs 25 lakh each on five builders after they failed to deliver their housing units to buyers on time. The regulator, however, allowed the realtors' RERA registration certificates to remain in force with new timelines for completion of their projects. As per the official statement, Identity Buildtech Private Limited has been fined for not completing its project Ansal Highland Park at Sector 103 within the declared timeline of June 2022. In this case, the authority has allowed the RERA registration to be in force till May 2024. Similarly, a penalty of Rs 25 lakh has been imposed on BPTP Limited for not completing its project Park Terra at Sector 37-D, Gurugram. The deadline for this project, which was April 2022 earlier, has been extended till April 24. Another developer Advance India Projects Limited has been penalised for its failure to complete the construction of Zen Residences -1 .

Illegal colonies in Gurugram on agricultural land under DTCP lens

Dept of Town and Country Planning has issued notices to 16 people involved in developing illegal colonies in Sohna, Bhondsi, Rithoj, Pataudi, Farrukhnagar, Sultanpur in this satellite city of Haryana

Vikas Lagarpuria mastermind of multi-crore Gurugram heist arrested

Gangster Vikas Lagarpuria, the alleged mastermind of a multi-crore heist here last year and accused in cases of murder and extortion, has been arrested at Delhi airport, a special task force official said on Thursday. The arrest was in coordination with central agencies, the official added. The suspect hails from Lagarpur village in Haryana's Jhajjar district. He has several cases of murder, attempt to murder, robbery, extortion and kidnapping lodged against him in Delhi and Haryana. Absconding for the past seven years, Lagarpuria had a red corner notice issued against him by the Delhi Police. The Haryana STF has been looking for him for the Rs 30 crore heist in Gurugram. Two doctors, a Delhi policeman and a Haryana IPS officer are accused in the case. The incident had taken place on August 4 last year. The accused had broken into a flat in Sector 84 here, decamping with Rs 30 crore in cash. An office of a private company was being run from the flat. Lagarpuria'a gang members Ami

Severity of injuries worst among auto workers in Pune, shows SII report

Nearly 83 per cent incidents in Pune reported a loss of body part of the worker, as compared to 67 per cent in Haryana (Gurugram and Faridabad)

M3M India buys 1.3-acre land in Gurugram for Rs 200 cr commercial project

Realty firm M3M India has acquired 1.3-acre land parcels in Gurugram for about Rs 200 crore to build a luxury commercial project, primarily retail space. The land, located near IFFCO Chowk, has been acquired through an auction conducted by Haryana Shahari Vikas Pradhikaran (HSVP). "The development cost would be Rs 250 crores. The estimated top line for this project is Rs 1,000 crore," the company said. The project will be a mix of retail space, multiplex and offices. The cost of the land is at par with the cost in Lutyens Delhi, the company said. Pankaj Bansal, promoter of M3M India, said, "Seeing the uptick in the retail segment, we look forward to develop a comprehensive luxury-boutique retail". This luxury retail project will house most premium global brands, he added. Recently, M3M Group bought 13-acre land in Noida for Rs 827.41 crore at an auction. The total cost of acquisition would reach Rs 1,200 crore, including rent and registration fees. M3M India has a land bank of

Housing sales in Gurugram jump over 3-fold to 24,482 units during Jan-Sep

Housing sales in Gurugram jumped more than three-fold on an annual basis to 24,482 units during January-September this year on higher demand for residential properties across all price categories -- affordable, mid-income and luxury, according to Anarock. Housing sales in Gurugram stood at 7,725 units in the year-ago period. Noida saw a 52 per cent increase in sales to 5,040 units in the first nine months of this year compared to 3,315 units in the corresponding period of the previous year, as per data compiled by Mumbai-headquartered property consultant Anarock. Sales in Greater Noida rose 46 per cent to 8,651 units during January-September 2022 from 5,925 units earlier. Ghaziabad witnessed a 54 per cent rise in housing sales to 5,395 units from 3,510 units in the corresponding period of 2021. Sales in Faridabad jumped nearly three-fold to 2,890 units from 1,018 units. Overall, Anarock data showed that sales in the Delhi-NCR market more than doubled to 49,138 units during ...

Gurugram civic body to take action against illegal street vendors

A 20-member team has been formed headed by Deputy Municipal Commissioner Vijaypal Yadav, to shift registered street vendors operating in unauthorised areas to the designated vending sites

M3M expects Rs 5,000 cr in sales through 13-acre land acquired in Noida

Real estate firm will invest Rs 2,400 cr in mix-use project of housing, retail and service apartments

No more waste dumping at Gurugram's Bandhwari landfill from Feb 1

About 1,200 metric tonnes of waste is generated daily from Gurugram and about 1,000 metric tonnes from Faridabad

Bharti Airtel starts offering 5G service around 13 locations in Gurugram

Telecom operator Bharti Airtel on Tuesday announced the launch of 5G services at around 13 locations in Gurugram. The service will be available to customers in a phased manner as the company continues to construct its network and complete the roll-out, the company said. "I am thrilled to announce the launch of Airtel 5G Plus in Gurugram. Airtel customers can now experience ultrafast network and enjoy speeds up to 20-30 times faster than the current 4G speeds. We are in the process of lightning the entire city which will allow customers to enjoy superfast access to high-definition video streaming, gaming, multiple chatting, instant uploading of photos and more," Bharti Airtel, Delhi NCR, CEO Nidhi Lauria said. Customers with 5G-enabled devices will enjoy high-speed Airtel 5G Plus network at no extra cost until the roll-out is more widespread. Currently the service is operational at DLF Cyber Hub, DLF Phase 2, MG Road, Rajiv Chowk, Iffco Chowk, Atlas Chowk, Udyog Vihar, Nirvana Count

Gurugram woman injured in dog attack to get Rs 2 lakh compensation

The District Consumer Dispute Redressal Forum on Tuesday ordered the Municipal Corporation of Gurugram (MCG) to give interim compensation of Rs 2 lakh to a woman who was injured after being attacked by a pet dog in August. The forum also said if the MCG wants, this compensation amount can be recovered from the dog owner. On August 11, victim Munni, who works as a domestic help in the locality, was attacked by Vinit Chikara's dog while she was on her way to work with her sister-in-law. She had suffered critical injuries on her head and face and was referred from the civil hospital in Gurugram to Delhi's Safdarjung hospital. In the FIR registered at Civil Line police station, the dog's breed was mentioned as Pitbull'. Later, the owner informed that the breed is a Dogo Argentino'. The forum directed the MCG to take the dog in custody and cancel Chikara's licence to own a dog with immediate effect. It also directed to ban 11 foreign breeds and instructed MCG to keep all strays in pou

NCR witnesses highest YoY dip in new launches of residential units: Study

The study by the real estate consultancy firm, Anarock, said that NCR accounted for 7 per cent of the total new supply in Q3 2022 across the top seven cities.

Smartworld Developers expect sales worth Rs 250 cr from retail project

The 100,000 sw ft project in Gurugram is spread over three floors, with units ranging from 500 sq ft to 12,000 sq ft

Signature Global launches second phase of premium projects in Gurugram

The realtor will deliver the remaining 50 per cent of the units to customers in the second phase of the projects

Reliance unit to build world class Greenfield Smart City near Gurugram

One of the four Japanese companies that are to be situated in a smart city being developed by an arm of Reliance Industries Ltd near Gurugram, has done ground-breaking for a medical devices unit. "Model Economic Township Limited (MET City), a wholly owned subsidiary of Reliance Industries Limited (RIL) is developing a world class Greenfield Smart City near Gurugram, Haryana," billionaire Mukesh Ambani's firm said in a statement. MET City is a Japan Industrial Township (JIT) and houses four leading Japanese companies in its integrated industrial township. "Nihon Kohden, one of the 4 Japanese companies and manufacturer of medical devices, recently did a ground-breaking ceremony on their plot at MET City," it said. "This facility of Nihon Kohden will be their largest manufacturing facility in India, and it will further enhance the position of MET City as a leading location for setting up companies in Haryana and North India." Panasonic, Denso and T-Suzuki are other Japanese companies

Gurugram firecrackers explosion: 3 more succumb to burns; toll rises to 6

Three more people, who were hospitalised with severe burns in a firecrackers explosion at a home in Gurugram last week, have died, pushing the toll to six in the incident, police said on Friday. Five days ago, three people had succumbed to injuries in the explosion in the house in Nakhrola village. With this, all six injured in the October 12 explosion have died, police said. According to the police, Tanuj (14) and Vishnu Kant (40) succumbed on Friday morning at a hospital in Delhi while Satish (40) died on Wednesday night. Earlier, the house owner, Bhagwan Das alias Kala (40), his son Manish (20) and daughter Chhavi (10) died on October 16. Satish was a relative of Kala while Tanuj was his son. Vishnu Kant was the driver with Satish, said police. Six people, including four members of a family and their one relative and his driver, were seriously injured after a huge explosion at the house on October 12 afternoon. An FIR was registered against house owner Das at Kherki Daula polic

From layoffs to cost-cutting, start-ups brace for long funding winter

Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood

Fire breaks out in packaging factory in Gurugram's Binola village

A major fire broke out in a packaging factory located in Gurugram's Binola village on Saturday, a fire official said

Farmers involved in stubble burning to be fined Rs 2500/acre in Gurugram

In order to curb the stubble burning incidents in Gurugram, the district administration has decided to fine farmers for burning stubble in the district.