Over 100 Flat Owners in Gurugram Project Accept Buyback Offer

21 Feb 2024 CW Team

The decision by flat owners to avail the buyback option comes in response to identified construction defects in the Gurugram project. Godrej Properties has proactively engaged with affected homeowners, offering a solution that not only addresses their concerns but also reflects the company's commitment to transparency and accountability.

The buyback offer signifies a responsible approach by Godrej Properties, acknowledging and rectifying construction issues in a timely manner. This customer-friendly resolution aims to instil confidence in the brand and underscores the importance of fostering positive relationships with homeowners.

The willingness of over 100 flat owners to accept the buyback offer highlights the effectiveness of Godrej Properties' proactive approach in handling construction-related challenges. It sets a precedent for the real estate industry, emphasising the significance of promptly addressing concerns and prioritising customer satisfaction.

The move also reflects the growing trend in the real estate sector towards prioritising quality construction and customer-centric solutions. Godrej Properties' commitment to rectifying issues and providing a fair resolution demonstrates a dedication to upholding industry standards and meeting the expectations of homebuyers.

As Godrej Properties navigates and resolves these construction challenges in the Gurugram project, the company sets a positive example for the real estate industry, emphasising the importance of customer communication, quality assurance, and proactive problem-solving. The buyback initiative stands as a testament to the company's commitment to maintaining trust and delivering on its promise of providing quality homes to its customers.

In a customer-centric move, Godrej Properties responds to construction defects in a Gurugram project, with more than 100 flat owners choosing to accept the offered buyback. This initiative underscores the real estate developer's dedication to rectifying concerns and ensuring customer satisfaction by prioritising quality assurance. The decision by flat owners to avail the buyback option comes in response to identified construction defects in the Gurugram project. Godrej Properties has proactively engaged with affected homeowners, offering a solution that not only addresses their concerns but also reflects the company's commitment to transparency and accountability. The buyback offer signifies a responsible approach by Godrej Properties, acknowledging and rectifying construction issues in a timely manner. This customer-friendly resolution aims to instil confidence in the brand and underscores the importance of fostering positive relationships with homeowners. The willingness of over 100 flat owners to accept the buyback offer highlights the effectiveness of Godrej Properties' proactive approach in handling construction-related challenges. It sets a precedent for the real estate industry, emphasising the significance of promptly addressing concerns and prioritising customer satisfaction. The move also reflects the growing trend in the real estate sector towards prioritising quality construction and customer-centric solutions. Godrej Properties' commitment to rectifying issues and providing a fair resolution demonstrates a dedication to upholding industry standards and meeting the expectations of homebuyers. As Godrej Properties navigates and resolves these construction challenges in the Gurugram project, the company sets a positive example for the real estate industry, emphasising the importance of customer communication, quality assurance, and proactive problem-solving. The buyback initiative stands as a testament to the company's commitment to maintaining trust and delivering on its promise of providing quality homes to its customers.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..