Real estate
Gurgaon Authorities Issue Final Warning to 60+ Sushant Lok 2 Residences Over Building Violations
Imagine buying a home in a peaceful residential colony, looking forward to quiet evenings and neighborly chats. Now, picture the house next door slowly turning into a busy clinic, a noisy salon, or a makeshift guesthouse. This is the exact situation that has unfolded in Gurgaon’s Sushant Lok 2, and now, the city’s planners are putting their foot down.
The Department of Town and Country Planning (DTCP) is done sending polite reminders. They’ve issued what they call a “final restoration order” to over 60 homeowners in the area. In simple terms, it’s a last chance to fix things before serious action is taken.
What’s the fuss about? It all boils down to two major problems. First, about 34 homes have been flagged for building illegal structures—things like extra rooms in the stilt parking area or extending their homes into the open spaces in the front and back. Second, and perhaps more disruptive for the neighbors, 26 homes have been caught running full-fledged businesses from their residential properties. We’re talking about everything from spas and boutiques to offices and clinics, all operating where they shouldn’t be.
District Town Planner Amit Madholia made it clear that this isn’t a random crackdown. “We are simply enforcing the rules,” he explained. “If you have a residential property, it needs to be used as a home.”
A month ago, these homeowners were given a 10-day notice to stop their activities. Since those warnings were largely ignored, the DTCP is now threatening much tougher consequences. For these homeowners, the stakes are high. They could find their properties sealed shut, see their illegal add-ons demolished, or even have their all-important occupation certificates (OCs) cancelled, making the property officially uninhabitable.
This isn’t just happening in Sushant Lok 2. It’s part of a much bigger cleanup effort across Gurgaon. The DTCP has been conducting “office-on-the-spot” campaigns, where teams walk the streets, identify violations, and issue notices right then and there.
For the residents who have been complaining about the extra traffic, noise, and strain on local resources, this action is a welcome relief. It’s a sign that the authorities are finally listening and working to preserve the peaceful, residential character of their neighborhoods.
Source:- TOI
Real estate
Your Dream Home in Gurugram? Signature Global Unveils New ₹6,000 Cr Projects
If you’ve been dreaming of finding the perfect place to call home in Gurugram, get ready for some exciting news. The city’s skyline is about to get even more vibrant, as leading developer Signature Global is pouring its heart and expertise into launching a remarkable ₹6,000 crore worth of new homes. This isn’t just about constructing buildings; it’s about creating communities and fulfilling aspirations.
Between July and September of this year, a wave of new possibilities will open up across 3.5 to 4 million square feet of prime Gurugram land. For families looking to lay down roots, for professionals seeking a modern lifestyle, and for savvy investors who see the bright future of this city, this launch is a beacon of opportunity. Signature Global has listened to what people truly want, noticing a strong desire for homes in the ₹2 to ₹4 crore range, and they are crafting these new projects to meet those very dreams.
This major step forward is built on a foundation of trust and a deep belief in the Gurugram community. While market numbers can sometimes feel abstract, Signature Global’s plan to achieve a ₹12,500 crore sales target this year is a direct reflection of their commitment to building homes that people are proud to own. It’s a promise to deliver quality and value, backed by a solid track record of having already handed over the keys to 14.6 million square feet of developed spaces.
More than just an investment in property, this is an investment in people. It’s about creating safe, beautiful, and thriving neighborhoods where memories will be made for years to come. As Signature Global prepares to bring these new homes to life, they are not just adding to the real estate market; they are helping to write the next chapter in the story of Gurugram and the many families who will soon call it home.
Source : ET
Real estate
Tamil Nadu Property Valuation Rules Revamped: What It Means for You
Tamil Nadu property rules – If you’re involved in Tamil Nadu’s real estate market, get ready for some major changes. The state government has rolled out a new set of rules for property valuation, and they’re designed to make the whole process fairer and more transparent. Whether you’re buying your dream home, selling a property, or just keeping an eye on the market, here’s a breakdown of what’s new and what it means for you.
The End of the October Rush: Flexible Guideline Values (Tamil Nadu property rules)
One of the biggest shifts is how and when guideline values—the minimum value at which a property can be registered—are updated. Previously, these values were only revised in October, creating a bottleneck and often leaving them out of sync with the fast-moving market. Now, the government has thrown out that old system. The valuation committee can now revise guideline values at any time of the year, allowing for more timely and accurate adjustments that reflect the real-world prices in your area.
"Composite Value": A Fairer Way to Value Apartments
For the first time, the government has officially defined “composite value” for apartments, villas, and row houses. This means that when you buy an apartment, the registered value will now officially include not just the land your home sits on (the undivided share) but also the super built-up area, which accounts for common amenities like lobbies, staircases, and swimming pools.
While this has been an unofficial practice for a while, putting it into the rulebook makes it official and transparent. This change recognizes that the value of a home isn’t just in its four walls but also in the shared spaces and facilities that make up modern living.
Why Are These Changes Happening?
The government’s goal is to bridge the often-huge gap between the official guideline value and the actual market price of a property. In some prime areas, this gap is massive. For example, in some parts of Bengaluru, the guideline value is close to the market rate, while in many parts of Tamil Nadu, it’s significantly lower. This discrepancy not only leads to lower stamp duty revenue for the government but also encourages under-the-table cash transactions.
By bringing guideline values closer to market reality, the government hopes to curb black money and make property deals more transparent.
What Are the Experts Saying?
Real estate experts have largely welcomed these reforms. They see the move to a “composite value” as a long-overdue step that will eliminate confusion and create a more level playing field. However, they also caution that any increases in guideline values should be gradual. A sudden, sharp hike could put a heavy burden on homebuyers. The consensus is that small, regular increases are manageable, but dramatic jumps should be avoided.
Many also believe that if guideline values are increased, the government should consider lowering the stamp duty rates to ease the financial burden on genuine homebuyers.
What's Next?
These new rules are already in effect, and all district registrars and sub-registrars have been instructed to implement them immediately. The government’s online systems will be updated soon, and the revised guideline values will be published in the coming weeks.
For anyone in the Tamil Nadu property market, these changes are a significant development. They promise a more transparent and realistic system, but it will be crucial to see how they are implemented in the coming months.
Source –Economic Times
Real estate
Luxury Housing in NCR: The New Choice for Discerning Homebuyers
Luxury Housing in NCR – It seems like there’s a new trend in the National Capital Region (NCR), and it’s all about living life king-size. The real estate market in the NCR is buzzing with activity, and the spotlight is shining brightly on luxury homes. More and more homebuyers are choosing to invest in high-end properties, and it’s not just about a fancy address; it’s about a complete lifestyle upgrade.
What’s Driving the Demand for Luxury Housing?
So, what’s behind this shift towards luxury? It’s a mix of things, really. For starters, the number of high-net-worth individuals (HNWIs) in the region is on the rise. These are people with a good amount of disposable income who are looking for homes that offer more than just a place to sleep. They want comfort, exclusivity, and a space that reflects their success.
Another big factor is the incredible infrastructure development happening across the NCR. Think of the new Dwarka Expressway, the Yamuna Expressway, and the upcoming Jewar Airport. These massive projects are making it easier than ever to travel within the region and beyond. As a result, areas like Gurugram, Noida, and South Delhi are becoming even more attractive for real estate investment.
A Home That’s More Than Just a Home
The pandemic has also played a role in changing what people look for in a home. After spending so much time indoors, many of us have realized the importance of having a spacious and comfortable living environment. Today’s homebuyers want homes with extra rooms for a home office or a gym, open green spaces, and modern amenities that cater to a holistic lifestyle.
Developers are paying close attention to these changing preferences. They are launching new projects that are designed to offer a complete living experience, with features like private gardens, swimming pools, clubhouses, and top-notch security. These aren’t just apartments or villas; they are personal sanctuaries where families can thrive.
Where is the Action Happening?
Gurugram, especially along the Golf Course Road and the Dwarka Expressway, has emerged as a major hub for luxury housing. Noida is not far behind, with many new and exciting projects coming up. Even South Delhi, with its classic charm, is seeing a renewed interest in high-end properties.
In a nutshell, the luxury housing market in the NCR is not just a trend; it’s a reflection of a new way of living. It’s about a desire for a better quality of life, a home that’s a perfect blend of comfort and style, and an investment that promises great returns. As the NCR continues to grow and develop, the demand for luxury homes is only set to increase.
Source: News18
Real estate
Central Park Invests ₹550 Cr in Gurgaon Serviced Apartments
In a major boost to the NCR real estate market, Central Park, one of India’s leading luxury real estate developers, has announced an investment of ₹550 crore in its latest project – a premium serviced apartment complex in Sohna, Gurgaon.
The upcoming project, named Selene, will be developed on a 3.82-acre plot within the well-established Central Park Flower Valley township. Designed for urban professionals, frequent business travellers, and NRIs, Selene will feature 353 fully-furnished serviced apartments with high-end hospitality-style amenities.
What sets Selene apart is its strategic location in South Gurgaon (Sohna) – a fast-developing real estate hotspot known for its connectivity to major highways and future metro expansion. Central Park has already achieved over 85% bookings, reflecting strong market demand even before completion.
The developer aims to deliver the project by 2030, with world-class construction standards and resident services. This investment highlights the rising popularity of serviced apartments in India, blending residential comfort with hotel-like convenience and security.
According to industry experts, the move positions Central Park ahead of the curve in offering lifestyle-driven, investment-friendly real estate. The Flower Valley township already features lush landscapes, modern clubhouses, and retail hubs – making it a complete urban ecosystem.
Why It Matters – Central Park
With growing demand for rental-ready, fully-managed housing, projects like Selene are redefining how modern Indians – and global citizens – live and invest. Central Park’s ₹550 crore commitment is a strong vote of confidence in the Gurgaon market’s long-term potential.
Source – Economic Time