real estate gurgaon

CBI visits DTCP office over land scam

A four-member CBI team visited the DTCP office in Sector 14 on Wednesday and collected ‘documentary evidence’ in connection with a 1,400-acre land scam that had affected hundreds of villagers in sectors 58-66. Though CBI and DTCP officials refused to divulge any detail, sources said the investigating team came around 10 am and spent around four hours scanning files in the DTCP’s planning...

RERA is Revolutionizing Indian Real Estate

The Indian real estate industry, particularly the residential sector, was in the past correctly characterized as being unregulated and unorganized with unreasonable project delays and poor quality of construction being definitive aspects. The arrival of the Real Estate Regulatory Act (RERA) in March 2016 brought in a paradigm shift in the sector and metamorphosed it into a more mature, systematic and...

Nearly 6,000 Buildings in IAF Zone may Face Demolition

The MCG has submitted a survey report with details of properties within 300 metres of the ammunition depot to the deputy commissioner, stating 5,978 properties within the zone are now facing demolition in Gurugram. The next demolition drive in the area has been scheduled for Monday, said MCG officials. The properties listed by MCG include residential, commercial and mixed-use buildings. According to...

Huda Chief Returns 20 Files, says no OC without Physical Inspection

The Huda administrator has returned 20 files of occupation certification, with direction to estate officer to send the same only after physical inspection of the sites. The estate office had forwarded the occupation certificate (OC) files to Huda’s Gurugram chief for an approval. Huda was recently in controversy over irregularities in granting OCs. During the investigation, it was found that OCs...

Gurugram Divided Into 4 Zones For Undertaking Development

Haryana chief minister Manohar Lal Khattar has said that Gurugram city had been divided into four zones, for undertaking developmental works in a phased manner. Haryana chief minister Manohar Lal Khattar, on April 12, 2018, said that the state government was giving special focus to Gurugram and that the administration had divided the city into four zones, to boost development. The chief minister was...

Circle Rates Revised Again in Gurugram

The district administration has hiked circle rates up to 10% in different parts of the city. The new rates will be implemented from April 9, and all the registry of a property will be executed according to the revised rates. The district administration had on February 12 revised the circle rates after a gap of four years, reversing a trend where the rates had remained unchanged in 2014-15 and...

An Emerging Residential and Commercial Realty Destination : New Gurgaon

New Gurgaon is fast emerging as a realty destination in the NCR as the city is beautifully stoked by commercial as well as the residential properties. Although the delay in the completion of Dwarka Expressway has resulted in the slowdown of the work, this has not affected much by the development of the area. “Sectors close to the national highway are registering good movement. People working in the...

Indiabulls AMC buys 2.35 lakh sq.ft. office space in Gurgaon

Indiabulls Asset Management Company's private equity arm has acquired an entire commercial building with fully leased 2.35 lakh sq ft office space on NH-8 in Gurgaon from the US-based realty developer Hines India. The project, Sky View Corporate Park, is a multi-phase development planned on a 21-acre land parcel in the National Capital Region (NCR). The first phase of the project consists of two...

Is L Zone Welfair Or Unfair?

egal experts, realtors, urban development experts and revenue officials are of the view that when a policy is under review, setting up a welfare society and collecting money for it is illegal.“Earlier, people used to come together to form a co-operative group...

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