Brahma City鈥檚 licence to develop two sectors in Gurugram to be dropped

25 Nov 2021 CW Team

The Haryana Town and Country Planning (TCP) department has ordered the director to cancel the licence of Brahma City Private Limited to develop Sectors 60 to 65 in Gurugram.

Principal secretary of the town and country planning, A K Singh, said that the director of the town and country planning had been directed to proceed against the developer under the Act 1975, especially as contained in Sections 8 and 10.

Section 8 under the Haryana Development and Regulation of Urban Areas Act 1975 provides the licence cancellation and attachment of property, while Section 10 provides penal action against developers.

Singh passed these orders by disposing of the filed complaint, MVN Infrastructure Private Limited. The company argued that Brahma City Gurugram had violated the terms and conditions of the licence as they had sold the same plot many times.

To avoid obligation towards different entities, the company has instituted the proceedings under insolvency and bankruptcy code 2016 to introduce a third party and prepare further sales.

The plots were sold by the licensee through different companies. The company does not even deposit Electronic Draft Capture (EDC) amount to the government.

It was submitted that the Gurugram firm did not renew its licence. According to the alleged company, it approached Singh, the director of the town and country planning department did not consider the facts and did not take action against the developer.

In 2010, Brahma City Private Limited received the licence for developing 147 acres township in Sectors 60-65 in Gurugram. The developers were facing FIRs due to irregularities and cheating. A Central Bureau of Investigation team is also pending consideration to the developers.

Real Estate

21 May 2025

Kolkata鈥檚 luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Infrastructure Transport

21 May 2025

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Infrastructure Transport

21 May 2025

Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..