Gurgaon One residents protest against Alphacorp developer

12 Aug 2024 CW Team

Residents of Gurgaon One in Sector 84 protested against the developer, citing issues such as broken lifts, increased maintenance fees, and a rising monkey population within the community. A major complaint is the persistent water seepage in the basement, which has reportedly damaged the building?s beams and pillars. Residents claim that despite numerous complaints, the developer has yet to address the problem. Alok Shukla, a resident, expressed frustration over the hike in common area maintenance (CAM) charges, which rose from Rs 2.5 per sqft to Rs 3.8 per sqft, including GST. Shukla noted that despite the increase, service quality has not improved. He criticised the insufficient housekeeping and security services and the lack of transparency regarding the expenditures and financial records. The Gurgaon One project, launched in 2013 with possession beginning in 2017, houses about 700 families. Harbhajan Singh, another resident, voiced concerns about inadequate services despite high maintenance fees. Singh pointed out that monkey attacks have become frequent, posing a safety risk, particularly for children. Residents also raised concerns about frequent lift malfunctions. Vikash Bajpai described an incident where he was stuck in a lift for five minutes and reported that the service lift in C Tower has been out of order for a month. He expressed worry over the safety of elderly residents and children. In response, an Alphacorp spokesperson stated that the increase in charges was necessary due to rising costs and that residents had previously agreed to the new rates. The spokesperson added that the company is following regulations and has requested a permanent solution for the water seepage issue from the civic body. (ET)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..