Real estate
Justice Served: Gurgaon Developer Faces Strict Penalties for Four-Year Project Delay
In a significant victory for consumer rights, Gurgaon Developer has been held accountable for a staggering four-year delay in delivering a commercial property. The Haryana Real Estate Regulatory Authority (HRera) has delivered a decisive verdict against Shine Buildcon Pvt Ltd, ordering them to compensate the aggrieved buyer and immediately move to transfer possession of the unit.
The case revolves around a commercial unit in the ’70 Grandwalk’ project, which the buyer had been waiting for since their initial investment. The gurgaon developer attempts to justify the extreme delay by citing events like demonetization and the COVID-19 pandemic were dismissed by the authority. HRera concluded that these circumstances did not warrant such a prolonged failure to deliver on their contractual obligations.
As a consequence of their findings, HRera has imposed a two-pronged penalty on the builder. Firstly, the firm must pay the complainant interest at a rate of 11.1% per annum for the entire period of the delay. Secondly, they have been given a strict 30-day deadline to hand over the possession of the unit, contingent on the buyer clearing any outstanding dues.
The regulatory body also uncovered that the gurgaon developer had imposed charges that were not part of the original buyer’s agreement. In its ruling, HRera mandated that all fees must be strictly aligned with the initial contract, protecting the buyer from any illicit financial demands.
This ruling sends a powerful message to the real estate industry, reinforcing that regulatory bodies are actively protecting the interests of homebuyers and that developers cannot expect to get away with unreasonable delays and unfair practices. It serves as a beacon of hope for other buyers who may be facing similar struggles with delayed projects.
Source : TOI
Real estate
Gurgaon Property Market Braces for a Steep Price Increase as Government Proposes a Substantial Hike in Circle Rates
The real estate market in Gurgaon is on the verge of a significant transformation as the district administration has put forth a proposal for a substantial increase in circle rates. This move is poised to make property transactions in the region considerably more expensive, with proposed hikes of up to 77% for residential areas and a staggering 145% for agricultural land. The proposed revision aims to bridge the gap between the government-fixed minimum value of a property and its actual market rate, a disparity that has been particularly prominent in upscale localities and newly developed sectors.
Gurgaon Property hike circle rate
This proposed adjustment in circle rates will have a far-reaching impact across Gurgaon, affecting a wide range of properties, from high-end condominiums to residential plots. In upscale areas such as DLF Phases I-V, South City, Suncity, Sushant Lok, and the prestigious Golf Course Road, a 10-20% increase is on the cards. For instance, the circle rate for luxury apartments in coveted projects like DLF Aralias, The Magnolias, and The Camellias is slated to rise from ₹35,750 per square foot to ₹39,325 per square foot, marking a 10% jump.
The new sectors along the Dwarka Expressway are also set to witness a steep hike of up to 62%, with the circle rate for residential plots potentially increasing from ₹40,000 to ₹65,000 per square yard. The most significant proposed increase for residential plots is in Gurgaon Gaon, where the rate could surge by 77%, from ₹25,300 to ₹45,000 per square yard. However, the most drastic change is reserved for agricultural land. In Bajghera, the circle rate is proposed to be raised by an astounding 145%, from ₹2 crore to ₹5 crore per acre, while in Sirhaul, a 108% increase is proposed, from ₹2.39 crore to ₹5 crore per acre.
The district administration has invited public objections and suggestions on the proposed rates until July 31. Following the review of public feedback, the proposal will be sent to the state government for its final approval. If the government gives the green light, the revised circle rates are expected to be implemented within a month.
The proposal has elicited mixed reactions from real estate experts and homebuyers. While some realtors acknowledge that aligning circle rates with market values is a necessary step for transparency, they express concerns that such a sharp and aggressive hike could dampen buyer sentiment and slow down the property market. Many believe that the timing of this proposal is not ideal, given that property prices in Gurgaon are already at an all-time high, making housing unaffordable for a large segment of the population. Homebuyers and IT professionals in the city are worried that the continuous rise in property rates will not only make Gurgaon an unaffordable place to live but also adversely impact the city’s overall economy and industrial growth.
This is not the first time that the circle rates have been revised in Gurgaon. The last revision took place in December 2024, with an increase of 10-30%. An earlier attempt by the revenue department to increase the rates in March 2025 was rejected by the Haryana government, a decision that was welcomed by real estate developers as a move to boost buyer confidence.
The impending decision on the proposed circle rate hike is being closely watched by all stakeholders in the Gurgaon real estate market. Whether the government will approve the proposal as it is or make some revisions based on public feedback remains to be seen. However, one thing is certain: the outcome of this decision will have a lasting impact on the future of property ownership in one of India’s most prominent real estate hubs.
Source:- ET
Real estate
PwC Boosts Gurugram’s Economy with New State-of-the-Art Office
PWC
In a resounding vote of confidence for Gurugram’s burgeoning commercial landscape, professional services behemoth PwC India has unveiled its latest state-of-the-art office in the city. This strategic move not only cements Gurugram’s status as a premier business destination but also signals a bullish outlook on India’s economic trajectory.
The new workspace, situated in the prestigious ‘DLF Downtown 4’, is a significant addition to PwC’s footprint in the National Capital Region (NCR). As the firm’s sixth office in the area, it adds a sprawling 1.25 lakh square feet of cutting-edge office space to its portfolio. This facility is poised to become a dynamic hub for over 1,200 professionals, boosting PwC’s total workforce capacity in the Delhi-NCR to nearly 8,000 strong.
This expansion is more than just an increase in square footage; it’s a testament to the surging demand for specialized consulting and advisory services in a post-pandemic world. Sanjeev Krishan, Chairperson of PwC in India, highlighted this sentiment, stating that the opening is a direct reflection of the “continued demand for our services and the trust that our clients are reposing in us.” It’s a clear indicator that businesses are actively seeking expert guidance to navigate the complexities of the modern economy.
PwC’s growth ambitions are not confined to the NCR. The firm is set to further bolster its national presence with the launch of two additional offices in Mumbai later this year. This nationwide expansion underscores PwC’s commitment to being at the heart of India’s growth story, fostering innovation and providing world-class services across the country.
The ripple effects of this investment will be felt throughout the local economy. The influx of over a thousand skilled professionals will invigorate the local market, while it’s presence will undoubtedly attract further investment and talent to the Gurugram region. It’s a powerful statement about the enduring appeal of physical office spaces as hubs for collaboration, innovation, and career growth.
Source: ET
Real estate
Real Estate Riches: How ₹2 Crores Turned into a ₹100 Crore Gurgaon Empire
Have you ever wondered how some people seem to have the Midas touch when it comes to real estate riches? How they turn a modest investment into a fortune that most of us can only dream of? Well, it turns out it’s not magic, but a well-thought-out strategy. And thanks to real estate advisor Aishwarya Shri Kapoor, we’re getting a peek behind the curtain at how it’s done in one of India’s hottest property markets – Gurgaon.
Kapoor’s advice is simple, yet profound: stop thinking like a regular home buyer and start thinking like a builder. In a world where we’re often told to buy a property and hold onto it for dear life, she suggests something radically different. “Gurugram isn’t a city. It’s a flywheel,” she says. “If your capital sleeps, it shrinks. If it rotates, it scales.”
So, what does that actually mean for you and me? It means that the real money isn’t made by waiting for a property’s value to creep up over the years. Instead, it’s about strategically moving your money through different stages of a project’s life. It’s a bit like a dance, and if you know the steps, you can lead your way to incredible wealth.
Here are the five key moments that Kapoor says are the secret to success or real estate riches:
- Get in Before Anyone Else: The real magic happens before a project is even announced. This is where you need to be a bit of a detective, keeping an eye on government notifications and policy changes. It’s about seeing the potential before it becomes obvious to everyone else.
- The Pre-License Flip: This is your chance to get in on the ground floor. By investing before a project has all its official permissions, you’re taking a calculated risk. But when those licenses come through, the value of your investment can shoot up, giving you a chance to make a tidy profit.
- Team Up with the Big Players: Ever thought about joining forces with a developer? By getting involved in the early stages through a joint venture, you can get a slice of the pie that’s usually reserved for the pros.
- Know When to Bow Out: This is where most of us get it wrong. We tend to jump in when we see the fancy brochures and billboards. But by then, the smart money has already made its move. Kapoor’s advice is to sell when the retail buyers are just starting to get interested.
- Reap the Rewards: Once you’ve made your profit, it’s time to consolidate your gains and enjoy the fruits of your labor, whether that’s through rental income or by reinvesting in your next big project.
But it’s not all about timing. Kapoor also emphasizes the importance of doing your homework. Don’t just fall in love with a property; fall in love with the numbers. Negotiate like your life depends on it, make small, smart upgrades that will boost your resale value, and always, always know your local market inside and out.
At the end of the day, what Kapoor is telling us is that building wealth in real estate isn’t about luck. It’s about having a plan, being disciplined, and having the courage to go against the grain. It’s not about buying ten different properties; it’s about understanding the five moments that can turn a modest investment into a life-changing fortune.
Source :- BT
Real estate
Namo Realtech’s Expansion Goals Get a ₹350 Crore Boost from BGO and Aditya Birla Sun Life AMC
Namo Realtech is celebrating a significant financial milestone, having secured ₹350 crore in debt funding. This strategic investment comes from a collaboration between BGO and Aditya Birla Sun Life AMC, and it’s earmarked to fuel Namo Realtech’s ambitious expansion plans within the real estate sector.
The fresh capital will be instrumental in accelerating the launch of several new projects that are already in advanced stages of planning. Mohit Jain, the Managing Director of Namo Realtech, expressed his enthusiasm, stating, “This funding is a game-changer for us. It empowers us to bring our pipeline projects to life more quickly and forge new strategic partnerships.”
This investment marks another successful deal for the BGO and Aditya Birla Sun Life AMC platform. Since its inception in June 2022, the platform has been actively providing structured credit solutions for promising real estate ventures. To date, it has committed $100 million across ten deals, which span a collective 7.8 million square feet. The platform is on a clear growth trajectory, with a target of deploying $1 billion in capital by the year 2028.
Among the exciting developments on the horizon for Namo Realtech is a planned residential project in the thriving city of Gurugram, which will be a joint venture with Max Estates.
The successful transaction was expertly handled by a team of advisors from AZB & Partners, Quantum, and Trilegal, ensuring a smooth process for all parties involved.
Source : – NBM&CW
Real estate
Delhi NCR Property Prices Skyrocket by 81%!
Have you been dreaming of buying a home in or around Delhi? Maybe you’ve been saving up, scrolling through property listings, and imagining your future in the bustling National Capital Region. Well, if you’ve been in the market for a while, you’ve probably felt it in your gut, but the numbers now confirm it: the dream of homeownership in the Delhi NCR Property Prices has gotten significantly more expensive, almost overnight.
Let’s just talk about how much things have changed. If you had your eye on a place back in early 2020, you were probably looking at prices around ₹4,580 for every square foot. Now, for that very same space, you’d need to shell out closer to ₹8,300. That’s an 81% jump across the region in just five years. It’s a figure that’s hard to even wrap your head around, and it explains why the search for the perfect home might feel a lot more challenging today.
The story gets even more intense depending on where you’re looking. If you were considering Greater Noida for its space and affordability, you’re now facing prices that have nearly doubled, shooting up by 98%. It’s a similar story in Noida, with a 92% hike, and even in the corporate hub of Gurugram, where prices have soared by 84%.
So, what’s causing this whirlwind? A big part of it is that the NCR is transforming before our very eyes. Massive new projects like the Dwarka Expressway aren’t just concrete and tar; they are lifelines that are making previously distant areas feel connected and accessible. This has, naturally, made land and homes there far more desirable.
At the same time, the very idea of a “home” is changing. More and more, the focus is shifting from simple, affordable apartments to grand, luxurious living spaces packed with amenities. Developers are catering to a new wave of buyers who want more than just four walls—they want a premium lifestyle. While this is exciting, it also means that finding a simple, budget-friendly home is becoming tougher.
But there is a silver lining in all of this. The fact that so many properties are being bought up—unsold inventory has been cut by more than half—shows that this isn’t just a bubble. Real people and families are moving in and setting down roots. Thanks to regulations like RERA, there’s also more transparency and trust in the market than ever before. For anyone looking to buy, it’s a clear sign that while the challenge is greater, you’re investing in a vibrant, growing community with a very promising future.
Souce :- Business News This Week
Real estate
Gurugram Property Investment: Are You Missing the Real Investment?
When you picture real estate gold in Gurugram Property Investment, what comes to mind? Is it the dazzling skyscrapers along Golf Course Road or the exclusive gates of The Camellias? For years, that’s been the dream. But what if I told you the smartest money is quietly moving away from these hotspots?
It turns out the glitter of Gurugram’s Property Investment in luxury market might be fading a bit. According to real estate advisor Aishwarya Shri Kapoor, the big, branded properties are becoming crowded, and the incredible returns they once promised are starting to shrink. It’s like arriving at a party just as the music is winding down.
So, where’s the real action? It’s happening in places that might not even be on your map yet. Think about the developing stretches along NH-48, the Southern Peripheral Road (SPR), and the new phase of the Dwarka Expressway. These aren’t the glamorous areas you see on billboards. They’re the places where the groundwork is being laid for the future.
And the numbers are compelling. In some of these up-and-coming sectors, property values have jumped by over 30% since 2020. In others, plot values have nearly doubled in just three years. We’re talking about the kind of growth that can genuinely build wealth. It’s a powerful reminder that sometimes, the biggest opportunities are hidden in plain sight, long before they become trendy.
The strategy here is simple but brilliant: think like a pioneer. Bet on the plan, not the polish. Invest where you see roads and infrastructure being built, not where the influencers are already taking selfies. Remember, Golf Course Road was once just a “dusty brochure,” and areas like DLF Phase 5 were considered “too far out.”
For savvy investors, this is a golden chance to get in on the ground floor. This is where the next chapter of Gurugram’s story is being written—not in the glossy towers, but in the quiet, promising plots where real growth is taking root.
Source: BT
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