Residents of Shree Vardhman Flora, Sector 90, have filed a complaint with the deputy commissioner against the developer for failing to pay power dues to Dakshin Haryana Bijli Vitran Nigam (DHBVN), despite the fact that they were collected through a pre-paid method. This, they claim, has forced them to rely on DG sets for the last three days, compounding their financial troubles. This comes after the...
RK Arora, Chairman of Supertech, said, "Our overall loss is more than 500 crores. We have invested in land and overall construction costs." The company's chairman, RK Arora, said on Sunday that it has suffered a loss of around 500 crores, including construction and interest costs, as a result of the demolition of its twin towers in Noida. The approximately 100-metre-tall twin towers, Apex and...
The Grand Hyatt brand makes its arrival in the Indian state of Haryana with the 442-room resort. The Grand Hyatt Gurgaon in Delhi NCR has opened, according to Hyatt Hotels Corporation. The 442-room luxury hotel is the first Grand Hyatt property in Gurgaon, and it is a vibrant luxury destination that will give an inspiring environment to meet, work, celebrate, and stay for both business and leisure...
Elan Group, based in Gurugram, has purchased two land lots this year in order to develop its commercial real estate business and enter the luxury residential category. PAG, a global alternative investment business, has invested Rs 425 crore in real estate firm Elan Ltd., which will use the funds to develop future projects. Elan Group, based in Gurugram, has purchased two land lots this year in order...
On Monday, Egis Rail Group was declared the sole bidder for the GGNCCDD-01 Detailed Design Consultant contract for Gurgaon Metro's 28.5 km line connecting HUDA City Centre and Cyber City. This elevated new corridor will connect Gurugram and Old Gurugram with 27 stations. The Haryana Cabinet approved the project's final Detailed Project Report (DPR) in August 2020, at a cost of Rs. 6821.13...
The Union Cabinet has authorised the extension of the major urban housing scheme, the Pradhan Mantri Awas Yojana (Urban), till December 31, 2024. The original deadline for the scheme was March 2022, which was introduced in 2015 with the goal of providing affordable homes with incentives. It was established with the purpose of providing affordable homes for all by the year 2022. Since 2015, the total...
In Gurugram, only 93 real estate projects have been finished since 1992, according to a report released by the Town and Country Planning department. 14 licenced colonies are either being prosecuted or are embroiled in licence problems, and another 21 permits have been cancelled. All of this information was made public during the recently concluded monsoon session of the Haryana Legislative...
A high-rise society in Sector 57 had five residential units demolished by the department of town and country planning (DTCP). According to officials, these apartments were built without the necessary building plans and competent authority permission in the stilt area of three towers in Aloha: B4, B5, and D6. According to district town planner (enforcement) Amit Madholia, "The enforcement team breached...
The Delhi-based company submitted the Draft Red Herring Prospectus (DRHP) to the capital markets regulator SEBI last month in order to raise up to Rs. 1000 crore through an IPO. The real estate company, Signature Global India Ltd., reported a net loss of Rs. 115.5 crore during the previous fiscal year. The company is preparing to conduct a Rs. 1,000 crores public offering. Its net loss for the fiscal...
Real estate company AIPL has leased 3 lakh square feet of retail space in Gurgaon project, a top AIPL official on August 17. Consequently, the company has leased the majority of the 4.8 lakh square feet of retail space to well-known companies including Haldiram's, Inox NSE -2.66%, Costa Coffee, Fab India Chaayos, Bridgestreet, Looks Salon, Sodhi's Super Market, Blue Tokai, and many others. This...