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 Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..