Page 4 - Gurugram

EV maker VinFast inks pacts with 13 dealers; aims 35 dealerships in India

VinFast Auto India, a subsidiary of Vietnam-based electric vehicle maker VinFast, has signed agreements with 13 dealer groups for opening 32 dealerships across 27 cities, a statement said on Saturday. VinFast, which is gearing up to launch its electric vehicles in the Indian market, aims to establish 35 dealerships across the country by the end of 2025, according to the statement. These collaborations underscore VinFast's commitment to establishing a robust 3S (sales, service, spares) network and laying the groundwork for the upcoming pre-booking of the VF 6 and the VF 7 models on July 15, it said. The agreements are part of VinFast's plan to expand its footprint in the country. The initial set of dealerships will be established in key urban and emerging EV markets, including Delhi, Gurugram, Noida, Chennai, Bengaluru, Hyderabad, Pune, Jaipur, Ahmedabad, Kolkata, Cochin, Bhubaneswar, Thiruvananthapuram, Chandigarh, and Lucknow. These cities have been strategically selected based o

Radhika Yadav murder: Father sent to 14-day judicial custody by court

A Gurugram court sent the father of Radhika Yadav, Deepak Yadav, who is accused of killing her daughter, to 14 days' judicial custody on Saturday.Gurugram police produced the accused in Gurugram court before the duty magistrate earlier today. The father was brought to court amid heavy police protection and with his face covered.25-year-old Radhika Yadav was shot dead by her father, allegedly over a disagreement regarding her tennis academy in Sector 57 in Gurugram.On July 11, her body was cremated in Haryana's Gurugram after the post-mortem examination. The team of doctors performing the examination confirmed multiple gunshot wounds."The postmortem of the deceased tennis player is completed. Four bullets were taken out from Radhika Yadav's body," said Dr Deepak Mathur, who was part of the medical team.Gurugram Public Relations Officer (PRO) Sandeep Kumar on Friday informed that the 25-year-old tennis player, Radhika Yadav, was shot dead by her father, Deepak Yadav, a result of a ...

Zomato founder buys apartment for ₹52.3 cr in DLF Camellias in Gurugram

Zomato founder Deepinder Goyal has bought a nearly 11,000 sq ft apartment in DLF's ultra luxury project in Gurugram for Rs 52.3 crore, according to Zapkey. Goyal, who co-founded food delivery platform Zomato, bought this apartment in 'DLF Camellias' project from DLF Ltd in August 2022. The registration of this property has been done in March this year, as per the Zapkey, which has seen and reviewed the registration document. Goyal bought an apartment, having 10,813 square feet super built up area, in 'DLF Camellias' project on Golf Course Road, DLF phase-5 for Rs 52.3 crore, Zapkey said. According to market experts, the value of this property is now between Rs 125 crore and Rs 150 crore. In Gurugram, housing prices have surged significantly in the last three years. Many industrialists and top executives have bought apartments in the DLF Camellias project. After the success of DLF Camellias project, DLF Ltd has launched another ultra luxury project 'The Dahlias' at same location.

Gurugram offices ask staff to work from home as rain triggers traffic chaos

The advisory was issued in light of the heavy rainfall that Gurugram and parts of Delhi received on Wednesday evening, leading to inundated streets and traffic snarls across key areas

Rain batters Delhi, Gurugram on Wednesday; IMD warns of more pain today

Heavy rain causes waterlogging and traffic chaos in Delhi, Gurugram on Wednesday; IMD issues red alert for more showers and disruption today

Sebi cracks down on Jane Street, halts India trading over manipulation

Sebi imposed a temporary trading ban on the US-based firm and ordered the seizure of Rs 4,840 crore, citing 'an intentional, well-planned and sinister scheme'

BPTP Group to invest ₹3,000 cr to build 12-acre housing project in Gurugram

Real estate company BPTP Group will invest Rs 3000 crore to develop a premium housing project in Gurugram as part of its expansion plan. The company is developing a 12.05-acre project at Sector 102 on Dwarka Expressway, Gurugram comprising around 1,600 apartments. BPTP is developing this project in three phases. The company launched first phase 'Amstoria Verti Greens' earlier this year comprising 885 homes. Recently, BPTP launched the second phase 'GAIA Residences' comprising 531 apartments. The prices of apartments are Rs 3.85 crore onwards. "GAIA represents the next chapter in urban luxury...We are building for a generation that values both sophistication and sustainability and GAIA delivers both in abundance," BPTP Group President Amaan Chawla said in a statement on Tuesday. A company official said that the total cost of this project is estimated at around Rs 3,000 crore. The entire project is scheduled to be completed in 5-6 years. BPTP is one of the leading real estate ...

Aviation regulator DGCA starts audit at Air India's main base in Gurugram

Aviation regulator DGCA on Monday commenced the detailed audit at Air India's main base in Gurugram that will cover operations, flight scheduling, rostering and various other areas, according to a source. The Tata Group-owned airline has come under intense scrutiny after its London-bound Boeing 787-8 Dreamliner plane crashed soon after take-off in Ahmedabad on June 12, killing 270 people, including 241 people onboard. An eight-member team from the Directorate General of Civil Aviation (DGCA) has started the annual audit of Air India's main base. Generally, a three-member team carries out the yearly audit, the source said. "DGCA has started the audit at Air India's main base at Gurugram. The annual exercise will cover all aspects, including operations, flight planning, scheduling, rostering and IOCC (Integrated Operations Control Centre)," the source said. Air India is headquartered in Gurugam, Haryana. The audit exercise also comes at a time when the regulator has taken action aga

Home Alone: Single professionals revive demand for luxe studio apartments

Supply of these compact living spaces, though, has been falling since the pandemic, with little sign of recovery despite a spate of new launches in urban centres

DLF sells 1,164 luxury units for ₹11,000 cr in Gurugram's Privana North

Privana North is the third phase of company's 116-acre township in Gurugram

Jailed influencer files plea in Kolkata court, says basic amenities denied

The petition also said the influencer is receiving multiple threats from other inmates inside the jail, causing her to fear for her safety and well-being

Signature Global to invest Rs 4,000 cr in FY26 for construction projects

Realty firm Signature Global will invest around Rs 4,000 crore this fiscal to acquire land parcels and carry out construction activities in its housing projects at Gurugram, a top company official said on Monday. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company had invested Rs 1,070 crore last fiscal year to purchase 48-acre land in Gurugram, Haryana. "Land is an important raw material for real estate developers. We will be investing around Rs 1,200-1,500 crore on the acquisition of land parcels," he said. The company is looking for lands in the Delhi-NCR market to expand its business, Aggarwal noted. "Housing demand continues to be strong from end-users as well as investors. There is a mismatch of demand-supply," he said. Asked about construction spend, Aggarwal said the investment in construction activities would be around Rs 2,500 crore in 2025-26 against Rs 1,900 crore in the preceding fiscal. He highlighted that the company perform

Gurugram begins 'Operation Shield' drill today, blackout at 8 p.m.

The civil defence exercise is being organised as per the direction and guidance of the Union ministry of home affairs

Whiteland Corp launches Marriott's first branded residence in Gurugram

Planned investment of ₹5,600 crore and projected topline of ₹15,000 crore, the development will include 1,700 Westin-branded residences with no hotel component

New 60-km rapid rail route proposed to link Gurugram, Faridabad and Noida

According to the proposal, the corridor will begin in Gurugram, with the first station near IFFCO Chowk at Sector 29 on the Delhi-Jaipur highway

RBI gives in-principle nod to Emirates NBD for India subsidiary setup

The Reserve Bank of India on Monday said it has decided to grant "in-principle" approval to UAE-based Emirates NBD Bank PJSC for setting up a wholly-owned subsidiary in India. Emirates NBD Bank PJSC is currently carrying on banking business in India in branch mode through its branches located in Chennai, Gurugram and Mumbai. "The in-principle approval has been granted to the bank for setting up a WOS (wholly-owned subsidiary) through conversion of its existing branches in India," the Reserve Bank said in a statement. RBI further said it would consider granting a licence for commencement of banking business in WOS mode of the Banking Regulation Act, 1949 to Emirates NBD Bank PJSC, on being satisfied that the bank has complied with the requisite conditions laid down by RBI as part of "in-principle" approval. According to the bank's website, Emirates NBD India branches offer a range of banking services for both personal and corporate clients. It also offers an exclusive banking ...

Elan Group awards Rs 1,100 cr contract to Leighton Asia in Gurugram

Realty firm Elan Group has awarded a contract worth Rs 1,100 crore to Leighton Asia to develop a luxury housing project in Gurugram. Leighton Asia is part of the Australian CIMIC Group. In a statement on Thursday, the company said it awarded the construction contract for its ultra-luxury residential development, 'Elan The Emperor' located in Sector 106, Dwarka Expressway, Gurugram. The project is part of Elan Group's 50 acre, integrated township. The contract covers nearly 5 million sq. ft. of built-up area. Elan Group had earlier awarded contracts worth 1,800 crore to construct other projects. Rakesh Kapoor, Chairman, Elan Group, said, " Partnering with Leighton Asia once again reinforces our commitment to collaborate with the finest global expertise in delivering excellence at every level." Brad Davey, Managing Director, Leighton Asia, said, "With more than two decades of on-the-ground experience in India, Leighton Asia takes pride in setting new benchmarks for quality and ...

Shapoorji Pallonji targets ₹ 1,400-cr sales from Gurugram housing project

Shapoorji Pallonji Real Estate (SPRE), in partnership with KREEVA and ASK Property Fund, on Thursday launched a luxury housing project in Gurugram with a revenue potential of Rs 1,400 crore. In October last year, Shapoorji Pallonji Real Estate (SPRE) formed a joint venture with Kanodia Group's real estate venture Kreeva to develop a residential project, spread over 1.75 acre, in Sector 46, Gurugram. On Thursday, SPRE launched this new project -- The Dualis -- comprising 198 units, as part of its expansion plan to encash strong housing demand across major cities. "The project is poised to generate projected top-line revenues of over Rs 1,400 crore over the next five years," SPRE said in a statement. The project features two towers, each having a height of about 150 metre, with 198 apartments. The size of the flats ranges from 2,850 to 3,600 square feet. Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate (SPRE) & Managing Director of Joyville Shapoorji Housing, said, "With 'The

Trump Residences in Gurugram sells out in a day for Rs 3,250 crore

Apartments priced between Rs 8 crore and Rs 15 crore, with four penthouses at Rs 125 crore each, fully allotted in second Trump-branded project in Gurugram

All 298 Trump residences in Gurugram sold on launch day for ₹3,250 crore

Real estate developers Smartworld Developers and Tribeca Developers announced in a joint statement on Tuesday