Real Estate

According to DTCP officials, many residential plot owners have constructed four-storey buildings whereas they got approval for only two floors. GURUGRAM: The department of town and country planning (DTCP) has issued directions to officials of its planning wing not to issue occupation certificates (OCs) to residential properties where owners have constructed four-storey buildings without prior approval...

MCG had earlier outsourced C&D waste collection and transportation to a privateagency. The contract between the private firm and MCG, however, was put on holdafter it was found to be allegedly involved in a Rs 50 crore scam. GURUGRAM: Unauthorised dumping of construction and demolition (C&D) waste is rampant across the city. Residents of several areas have claimed that MCG has failed to check...

GURUGRAM: The department of town and country planning (DTCP) has suspended the licences of three affordable housing projects in the city for the developer's failure to comply with their terms and conditions. The licences were granted to Ocean Seven Buildtech Pvt Ltd in 2016, 2018 and 2019 to develop Expressway Towers in Sector 109, Golf Heights in Sector 69 and The Venetian in Sector 70, respectively....

GURUGRAM: Two more towers in the Chintels Paradiso society, where two persons died last year after its Tower D partially collapsed, have been declared unsafe, officials said on Tuesday citing a structural audit report by IIT-Delhi. Towers E and F of the society in Sector 109 are not fit for habitation, Additional Deputy Commissioner (ADC) Vishram Kumar Meena said, adding that the IIT-Delhi team...

New York Life Insurance Company will invest Rs 290 crore to acquire 49 per cent stake in an upcoming commercial project in Gurugram being developed by Max Group firm Max Ventures & Industries Ltd (MaxVIL). In September last year, MaxVIL's arm Max Estates Ltd acquired Acreage Builders at an enterprise value of Rs 322.50 crore. Acreage Builders owns 7.15 acre land at Golf Course...

GURUGRAM: Displaced homebuyers of NBCC inexperiencedread in Sector 37D have rejected the settlement offer projected by the state-run construction company to end the compensation. In March last year, the residents had to vacate their flats within the society when the building was deemed “unfit for occupation”. Earlier this month, the developer had proposed to supply the full payment of the flat by...

Gurugram: Intensifying its drive against illegal commercial i activities being carried from residential plots in licensed colonies, the department of town and country planning ( DTCP ) has served notices to the owners of 70 such plots in sushant lok 1 on tuesday. The department has served show cause notices to...

A company based in Gurugram is prepared to take on the task of collecting and disposing of demolition waste from the Municipal Corporation of Gurugram (MCG). However, the MCG has yet to make a decision on the matter. The company, which operates a plant in Basai, has offered to collect, segregate and process the waste in a safe and environment-friendly manner. The MCG is currently studying the...

Gurugram's Housing Sales See Over 2-Fold Increase in 2022: Anarock The real estate market of Gurugram has seen a significant increase in housing sales in the year 2022, according to a report by Anarock. The report states that the total number of housing units sold in Gurugram during the year was 32,617, which is more than double the 15,841 units sold in 2021. The report further states that this...