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Singapore-listed Thakral Corporation Limited has completed the acquisition of an additional 81.6-per cent stake in TIL Investments Private Limited for SGD 93.9 million, bringing its total ownership in the 21-acre Gurugram mixed-use healthcare-led development to 95.3 per cent. The acquisition, completed through Thakral's wholly-owned subsidiary, Paramount Investments Pte Limited (PIPL), follows shareholders' approval at the Extraordinary General Meeting held on April 30. It was announced on Thursday. The increased ownership gives Thakral full strategic control over the 21-acre site with development potential of more than 2.5 million sq. ft in New Gurugram, one of India's leading real estate markets. Gurugram is the primary office hub within Delhi-NCR, accounting for 62 per cent of total office leasing in the region, and is a preferred destination for multinational and Fortune 500 companies. The city has an active luxury-housing market, with strong interest from national developers, a
Cyber city faced a major power outage on Friday evening as the electricity grid collapsed after the main transformer at the 220 KVA substation in Sector 72 blew up, an official said. The sudden blackout, amid sweltering heat, caused widespread discomfort across households and major disruptions at commercial establishments. The Rapid Metro service was disrupted for nearly an hour due to the power outage. "Due to power supply failure from Sec 72 substation of HVPNL in Gurugram, which feeds power to Rapid Metro, Gurugram, and the Gurugram section of the Yellow Line, train services were not available from 7:50 pm to 8:33 pm in Rapid Metro," a DMRC spokesperson said. However, services on the Yellow Line were regulated through standby substation and were running normal during this period. Normal services on Rapid Metro were restarted once power supply was restored by HVPNL through the Sector 72 substation, the official added.
The Supreme Court on Monday refused to entertain a petition against the ongoing demolition drive in Gurugram, and asked the petitioners to approach the Punjab and Haryana High Court. A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi disposed of the plea, granting liberty to the petitioners to make an urgent mentioning before the high court during the course of the day. The bench requested the high court's chief justice to entertain the mentioning either at 1 PM or immediately after lunch at 1.45 pm. Senior advocate Gopal Sankaranarayanan, appearing for the petitioners, argued before the bench that the local authorities have been carrying out the demolition drive without issuing show-cause notices to the residents by misconstruing an interim order of the high court. The bench observed that if the high court's interim order was allegedly being misconstrued by the authorities, then the petitioners should approach the high court. "If the high court, in its constitutional
Infrastructure major Larsen & Toubro on Monday said one of its subsidiaries, L&T Realty Properties Ltd, has bought a 100 per cent stake in International Green Scapes Ltd (IGSL), unlocking 20 acres of prime land in Gurugram for real estate development. This is the first land acquisition in the National Capital Region (NCR) micro-market by L&T Realty Properties Ltd (LTRPL), and offers a development potential of about 3.6 million square feet. On April 10, Larsen & Toubro had announced that it had executed a Share Purchase and Shareholders' Agreement for the acquisition of a 100 per cent stake in International Green Scapes Ltd (IGSL) for Rs 1,123 crore. This acquisition will enable L&T Realty Properties to leverage the land owned by IGSL for enhancing and expanding its real estate development portfolio, L&T had said. L&T Realty Properties completed the acquisition on April 13, 2026. The NCR land acquisition significantly bolsters L&T's real estate portfolio