SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Gurugram

Gurugram Real Estate: Onward Workspaces leases 7,050 sq ft in Gurgaon to UK-based Clarksons Shipping

14 Feb 2025

Onward Workspaces, a premier provider of co-working and managed office spaces, has successfully leased 7,050 sq ft of its newly developed 18,000 sq ft premium facility at Emaar Capital, Gurgaon, to Clarksons Shipping, a renowned UK-based global leader in integrated shipping services. The space, designed to accommodate 120 seats, highlights Onward's expertise in delivering bespoke office solutions for multinational corporations. The move underscores the increasing demand for high-quality managed office spaces in Gurgaon, a key business destination in India. This lease agreement aligns with Onward Workspaces' broader expansion strategy, which includes developing 150,000 sq ft of office spaces across the NCR region with an investment of INR 18 crores.Read more

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DTCP launches major crackdown on unauthorized buildings in Gurugram

13 Feb 2025

Authorities in Gurugram launched a major enforcement drive last week, targeting illegal constructions across the city. The Department of Town and Country Planning (DTCP) led the operation, demolishing unauthorized structures at Idea Cosmic Plaza, Alipur, and Raiseena villages. Officials dismantled two ramps, a gym, and two offices at Idea Cosmic Plaza while clearing 69 acres of illegal developments in Alipur and Raiseena. Legal action is underway against developers and brokers responsible for misleading buyers. Authorities urge prospective investors to verify land approvals to avoid financial losses. Strict enforcement measures will continue against future violations.Read more

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Haryana: MCG to auction municipal land online under new Haryana property sale policy

07 Feb 2025

The Haryana Municipal Properties Auction Policy, 2024 introduces an online auction system for selling municipal properties, ensuring transparency and accessibility. The Municipal Corporation of Gurugram (MCG) is identifying land for auction, with a dedicated online portal under testing. Bidders must register and submit an earnest money deposit (EMD) before participating. Bid increments start at INR 30,000 for INR 1-5 crore properties and INR 50,000 for those above INR 5 crore. The MCGs vacant land in sectors 33, 35, 58, 61, and others is expected to generate significant revenue, boosting urban development and infrastructure across Haryana.Read more

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Gurugram: DTCP issues show-cause notices to 650 DLF-2 property owners for illegal construction and commercial operations

05 Feb 2025

The Department of Town and Country Planning (DTCP) recently issued show-cause notices to 650 property owners in DLF-2 for illegal construction and conducting commercial operations in residential areas. The action follows a large-scale survey prompted by a Punjab and Haryana High Court order. The survey covered 15,000 properties across DLF-1 to DLF-5, with violations found in over 4,000 properties. The department has warned owners to rectify the violations or face strict penalties, including demolition and sealing drives. The effort aims to curb the growing misuse of residential properties in Gurgaon for commercial purposes.Read more

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Gurugram: Chintels Paradiso begins demolition of six unsafe residential towers

05 Feb 2025

The developer of Chintels Paradiso in Gurugram's Sector 109 has commenced the demolition of six residential towers deemed unsafe by the district administration. The demolition began with Tower H, initially through manual dismantling, with mechanical demolition expected to follow. This decision follows a structural audit ordered after a 2022 incident where a ceiling collapse in Tower D led to casualties. The entire demolition process is anticipated to take around six months. Meanwhile, the developer is seeking approvals to reconstruct the towers, and discussions continue regarding the fate of the remaining three towers, with homeowners demanding rent compensation and project transparency.Read more

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ASK Property Fund invests INR 245 crore in Gurugram residential project

03 Feb 2025

ASK Property Fund, part of the Blackstone-backed ASK Asset & Wealth Management Group, has invested INR 245 crore in a residential project in Gurugram's Sector 104, located along Dwarka Expressway. The project, spread across 4.6 acres, will include approximately 500 mid to upper-mid-income housing units, with a total saleable area of 1.2 million sq ft. Expected to generate INR 1,600 crore in revenue over five years, the investment will support land acquisition and working capital requirements.Read more

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Raheja Developers faces scrutiny for failing to pay for structural safety audit of its housing projects

31 Jan 2025

Raheja Developers has been scrutinised for not depositing INR 77.28 lakh for the second phase of the structural safety audit for its housing projects, Raheja Vedanta and Raheja Atharva, in Gurugram. Despite multiple reminders, the company has failed to comply with payment instructions. The district authorities, led by Deputy Commissioner Ajay Kumar, have recommended stringent actions, including halting the approval of future permissions for the developer until the payments are made. The safety audits, initiated due to concerns raised by residents, remain incomplete, leaving residents in both societies anxious about their buildings' safety.Read more

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Gurugram: District administration halts decision to vacate unsafe towers at Chintel's Paradiso

22 Jan 2025

The district administration of Gurugram has postponed its decision to evacuate three towers of the Chintels Paradiso housing society, after considering objections raised by residents. The move follows the partial collapse of Tower D in February 2022, which killed two women. A structural audit by IIT-Delhi deemed most of the towers unsafe. The Residents Welfare Association (RWA) and the builders are in disagreement over the specifics of reconstruction, with residents alleging financial hardships. The final decision will depend on the builders' response to these concerns.Read more

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Haryana government to provide housing facilities to underprivileged families

22 Jan 2025

The Haryana government has committed to providing housing to underprivileged families under the Mukhyamantri Gramin Awas Yojana and Pradhan Mantri Gramin Awas Yojana. Plots measuring 100 square yards will be allotted in phases within developed colonies featuring essential amenities. An allocation of INR 100 crore has been earmarked for the initiative. The schemes target families with annual incomes below INR 1.80 lakh who lack property or housing. The government is facilitating financing options to ensure accessibility, with provisional allotment letters already issued to some beneficiaries.Read more

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Gurugram's DLF-3 and DLF-5 under scrutiny for zoning violations and illegal activities

17 Jan 2025

Property owners in DLF City, Gurugram, particularly in phases 1-5, face scrutiny for widespread illegal construction and unauthorized commercial activities. The Department of Town and Country Planning (DTCP) has identified violations in 4,183 properties, issuing 1,138 notices so far, with a January 31 deadline for compliance. Key violations include unauthorized multi-story buildings and misuse of residential properties for paying guest accommodations and guesthouses. Despite DTCP efforts, legal obstacles and court stays on 167 cases have hindered enforcement. With the Punjab and Haryana High Court set to review the case on January 15, stricter enforcement and compliance are critical to preserving residential zoning integrity.Read more

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Gurugram Municipal Corporation strengthens RWA ties to enhance citizen services

16 Jan 2025

The Municipal Corporation of Gurugram (MCG) is boosting communication with Resident Welfare Associations (RWAs) through meetings on January 9 and 10, targeting Zones 1 and 2, with similar gatherings planned for other zones. MCG Commissioner Ashok Kumar Garg aims to understand and address residents' challenges, complementing this initiative with "samadhan camps" for resolving property tax and infrastructure complaints on the spot. Emphasizing swift action, Garg has directed zonal officers to inspect and address issues like sewer overflow promptly. These efforts highlight MCG's commitment to fostering community dialogue and improving service delivery, setting a model for citizen-centric urban governance.Read more

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Rapid Metro Gurgaon: Transforming urban mobility and connectivity in NCR

15 Jan 2025

The Gurgaon Metro, known as the Rapid Metro Gurgaon, is a modern urban transit system that enhances connectivity within Gurugram and links seamlessly to the Delhi Metro network. Launched in 2013 and expanded by 2017, the 12.85 km line with 11 stations efficiently serves key residential, commercial, and industrial areas. Managed by HMRTC and integrated with the Delhi Metro's Yellow Line at Sikanderpur, it has reduced road congestion, boosted property values, and supported economic growth. With plans for a new 28.5 km line to further expand coverage, the Gurgaon Metro exemplifies how reliable, eco-friendly public transport can shape a city's future.Read more

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Gurugram leads luxury property boom with 55 percent price appreciation in 2024

13 Jan 2025

Residential projects under construction in India's major cities recorded remarkable price growth in 2024, with Gurugram's New Gurugram micro-market seeing a 55% year-on-year increase, according to Savills India. Other hotspots included Bengaluru (25% appreciation), North Goa (16%), and Mumbai (10%). Noida's premium segments also showed robust growth, with up to 16% increases in some areas. The luxury housing market flourished, with Gurugram adding 16,140 new units, a 150% jump. Rising construction and land costs, coupled with strong demand for spacious homes, fueled the trend. Stable interest rates from the RBI further bolstered buyer confidence, indicating sustained momentum in India's real estate market.Read more

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Gurugram: DTCP revokes OCs for 81 houses in DLF Phase 5 over zoning violations

08 Jan 2025

The Department of Town and Country Planning (DTCP) in Gurugram has cancelled the occupation certificates (OCs) for 81 houses in DLF Phase 5 for breaching building codes, zoning laws, and approved plans. These properties, originally designated for the economically weaker section (EWS), were found to have exceeded construction limits, with some buildings extending to five or six floors instead of the approved three or four. Many were also being used for illegal commercial purposes. This move follows an earlier survey by the district town planner, which led to notices and sealing actions for over 100 houses.Read more

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Smartworks leases 470,000 sq ft office space in Gurugram ahead of IPO launch

07 Jan 2025

Smartworks, a prominent provider of flexible workspaces, has leased 470,000 square feet at the DLF Commercial Building in Gurugram, marking its fourth managed campus in the city. The company operates 45 centres across 13 cities, offering 9.12 million square feet of workspace. As of mid-August 2024, Smartworks filed its draft red herring prospectus for an IPO, which will include a fresh issue of INR 550 crore in equity shares and an offer for sale of 6.759 million shares. The company is considering raising INR 110 crore through a pre-IPO placement and has attracted USD 29 million from Keppel Ltd since 2019.Read more

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Gurugram: MCG initiative resolves 498 civic complaints, with focus on property IDs and sewerage

06 Jan 2025

The Samadhan Shivirs (resolution camps) in Gurugram have seen a high volume of complaints, particularly concerning property ID issues and sewerage concerns. From October to December 2025, the Municipal Corporation of Gurugram (MCG) addressed over 1,000 complaints, with property ID discrepancies accounting for 26.7% of submissions. The corporation made significant progress, resolving over 81% of property ID complaints, though sewerage-related issues had a lower resolution rate. The initiative, launched by Haryana's chief minister, aims to resolve local civic matters before upcoming municipal elections, with the MCG addressing a wide range of concerns, including encroachment, water supply, waste management, and streetlights.Read more

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Gurugram: Google secures 550,000 sq ft office space lease as part of expansion strategy

06 Jan 2025

US technology giant Google has recently signed a lease agreement with managed workspace provider Table Space for 550,000 sq ft of office space at a commercial complex in Gurugram. This agreement is one of the largest managed workspace deals in India, with an additional option to lease 200,000 sq ft, potentially bringing the total to 750,000 sq ft. Google is also in talks to lease an entire tower at the complex. This expansion forms part of Google's wider strategy to enhance its office presence in India. Other major firms, including IBM and Ciena, have also secured space in the same complex, reflecting a strong demand for Grade A office space in the country. Experts predict India will lead office space leasing in 2024, surpassing markets like the US and China.Read more

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Haryana reclassifies Pataudi-Hailey Mandi and Farrukhnagar to boost development

02 Jan 2025

The Haryana cabinet, led by CM Nayab Singh Saini, has reclassified Pataudi-Hailey Mandi and Farrukhnagar from 'low' to 'medium potential' zones under the Haryana Development and Regulation of Urban Areas Rules, 1976. This strategic move aims to spur economic growth and increase state revenue via higher development and license fees. While developers see this as an opportunity for modern projects and infrastructure improvement, residents express concerns about rising property costs and sustainability. Strategically located near Gurugram and key expressways, the zones are poised for growth, but balancing rapid urbanization with existing community needs remains a critical challenge.Read more

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Gurugram: MCG imposes fine on builder for violating construction ban

26 Dec 2024

The Municipal Corporation of Gurugram (MCG) enforcement team imposed a penalty of INR 500,000 on a builder for violating the construction ban under the Graded Response Action Plan (GRAP) Stage 4 in Sector 113. Despite the ongoing ban, construction continued at the site. The team halted work immediately and warned the project head to comply with the regulations. Additionally, a penalty of INR 5,000 was imposed on a motorcycle service center in Wazirabad for littering. Residents have expressed concerns that construction continues unchecked, contributing to worsening air pollution.Read more

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Gurugram: MCG reclaims seven acres of land in Sector 62 through demolition drive

25 Dec 2024

The Municipal Corporation of Gurugram (MCG) demolished over 20 unauthorized constructions on seven acres of land in Sector 62, reclaiming valuable public property for urban development. Led by nodal officer RS Batth, the operation involved 100 police officers and removed illegal structures, including nurseries, temporary jhuggis, and a borewell. Claims of legal disputes were dismissed, as MCG verified its rightful ownership. Batth issued a final warning to remaining encroachers, promising legal action for non-compliance. The reclaimed land will support urban planning in Sector 62. Similar actions in Sector 50 highlight MCG's commitment to combating encroachments and promoting sustainable urban growth.Read more

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