Gurgaon
An amount of Rs. 400 crores (US$ 66 million) will be invested by Singapore-based realty investment division of The Xander Group in Supertech Ltd’s Township and Group Housing projects in Sector 79, Gurgaon. With the Supertech Township located at a strategic location in one of the fastest growing sectors south of the NH-8, the township [...] Continue Reading »
Realty firm Supertech has raised Rs. 400 crore from the private equity firm (PE) Xander to finance its upcoming township and housing projects in Gurgaon.The company will develop plots, villas and independent homes in the 140-acre township at an investment of about Rs 1,100 crore. The company said in a statement that Supertech has received [...] Continue Reading »
The Supreme Court on Monday said it will hear DLF Ltd.’s petition on August 7. DLF has placed the petition challenging the Rs. 630 crore penalty imposed by the competition commission of India (CCI) of India on the company. The court also mentioned that its July order restraining the anti-trust body from taking any action [...] Continue Reading »
The Tata Housing Development Company has launched a new high end luxury villa project which will be located on the Sohna Road in Sector 14 Gurgaon. The design of this project will be done by the architects Perkins Eastman, USA. Arabella will be built across an approximate land measure of 135 acres and will be [...] Continue Reading »
Affordable housing facilities will be made available for industrial workers in Gurgaon, in an evident attempt to deal with the shortage of manpower in the industrial zones in an around Gurgaon. With there being lack of affordable housing facilities for industrial workers in the Gurgaon area, more than 7 lakh employees comprise the ‘floating workforce’ [...] Continue Reading »
Over this past weekend, buyers in a number of housing condominiums in Gurgaon and Noida were up in protest against delayed projects. One of the most noteworthy demonstrations was carried out by nearly 50 home buyers who protested at Unitech Residencies in Sector 33, Gurgaon. The demonstration by these homebuyers marked a unique protest over [...] Continue Reading »
There is some good news for BPTP Limited as the Competition Commission has rejected allegations that real-estate firm BPTP Limited and its subsidiary Countrywide Promoters had abused their dominant market position. This was with respect to development and sale of residential apartments in Gurgaon. An individual had filed a complaint against BPTP Limited that they had imposed [...] Continue Reading »
An inquiry has been ordered into the alleged multi-crore building fraud by Adel Landmarks in Gurgaon. The order for the probe into the fraud was given recently by TC Gupta – Haryana’s Principal Secretary, Town and Country Planning. The probe order by Gupta has come close on the heels of a recent Times of India [...] Continue Reading »
A new group housing project has recently been launched by North India-based realty promoter CHD Developers in Sector 71, Sohna Road, Gurgaon. The project – targeting the upper mid-segment income group – is called ‘Vann’ Sprawling over a total land area of 10.54 acres, the Vann group housing project will offer nearly 600 apartments and [...] Continue Reading »
An investigation is being demanded by 432 investors from Delhi and NCR into what they allege is a multi-crore fraud involving a residential project in Gurgaon. The project in question is the Cosmos City complex in Sector 103, Gurgaon, on Dwarka Expressway. It was launched in 2011 by Adel Landmarks, a developer firm which was [...] Continue Reading »
