One Group to develop premium housing project in Gurgaon

31 May 2023 CW Team

One Group Developers has been successful in an e-auction held by Haryana Shahari Vikas Pradhikaran (HSVP) for a 3,486.17 square metre plot in Gurgaon.

The New Delhi-based company will pay ₹57.2 crore for the land and will invest another ₹50 crore to develop a residential complex on it, said Udit Jain, its director.

One Group will develop a premium housing project and will use the benefit of transit oriented development (TOD) policy to construct in some extra areas.

“There will be a single tower with two floors of retail and residential units above it,” said Jain. “This will be our first project in Gurgaon, but we have done projects in smaller towns such as Rohtak, Bahadurgarh, Bhiwadi and Punjab. We will soon apply for approvals after making the full payment.”

HSVP has been auctioning residential and commercial plots to real estate developers.

Earlier, One Group Developers had taken over a stalled project of Puma Realtors in Mohali, following the National Company Law Tribunal’s approval of the real estate developer’s resolution plan.

One Group Developers is executing 21 projects across six states. The company focuses on tier-2 cities, which are close to the metro cities.

With land acquisition becoming difficult due to increase in cost and litigation, developers and foreign funds have chosen to invest heavily in land in Delhi-NCR and Mumbai. Between 2018 and 2022, they deployed more than 60% of the funds used in these two cities to buy land holdings, according to international property consultant CBRE.

Also Read
Bengaluru's Challaghatta metro project progressing smoothly
IEA report says green energy investments surpass fossil fuels by 70%

Infrastructure Energy

17 Mar 2026

Indian Urea Producers Shut Plants As Iran War Cuts Qatari LNG Supplies

Indian urea producers have shut several plants after the war involving Iran led to cuts in Qatari supplies of liquefied natural gas (LNG), industry participants said. The reduction in LNG shipments has constrained feedstock availability and raised operational pressures at ammonia and urea units across the country, complicating production scheduling and maintenance plans. Producers have scaled back output in response to fuel shortages and logistical challenges affecting domestic fertiliser production and have implemented staggered shutdowns to manage inventories. The disruptions have heightened..

Adani Plans Rs 600 bn Investment In Schools And Hospitals

Adani Group plans a Rs 600 billion (Rs 600 bn) social investment to construct 300 schools and 30 hospitals across India, aimed at expanding educational and healthcare infrastructure nationwide. The initiative is presented as a long term commitment to strengthen community services and address gaps in access to quality education and primary healthcare. The group highlighted investment in both physical infrastructure and associated services to ensure schools and hospitals are functional from opening. The programme will focus on building resilient facilities that meet prevailing regulatory standar..

PM Launches Development Projects Worth Rs 235.5 Billion (bn) From Silchar

The Prime Minister launched development projects worth Rs 235.5 billion (bn) from Silchar in Assam and performed the bhumi pujan for three projects in the Barak Valley. The schemes comprise the Silchar High-Speed Corridor at an estimated cost of Rs 228.6 bn, the Silchar Town Flyover at about Rs 5.65 bn and the Patharkandi College of Agriculture at about Rs 1.22 bn. The announcement was made at a public ceremony in Cachar district. He said that southern Assam's Barak Valley is emerging as a strategic link to Southeast Asia and that the North East is taking a lead in the government's Act East po..