Unitech resumes construction on South Park project in Gurugram
Real Estate

Unitech resumes construction on South Park project in Gurugram

In a significant relief to hundreds of homebuyers who have been waiting for almost a decade, construction on Unitech's stalled residential project, South Park, located in Sector 70, has finally resumed.

The project, which was halted in 2013, is now expected to move forward and be completed within the next three years. Originally, the South Park project aimed to deliver 832 flats across 27.4 acres, but only 672 units were sold before the project came to a standstill.

Ashok Yadav, the CEO of Unitech, mentioned that they expect 8 to 9 towers to be completed within 24 months, but the entire project, including the basements for parking and other infrastructure, would take around 36 months to finish.

Launched in 2008, construction had begun in 2011 after the approval of building plans, but the work came to a halt in 2013 due to financial issues and internal company conflicts. However, the newly appointed management, which took charge following a Supreme Court order, proposed a resolution framework in July 2020 to revive the project. This framework, which involved engaging Project Management Consultants (PMCs), outlined a plan to complete the unfinished housing units across Unitech's projects throughout India.

Despite these renewed efforts, on-ground construction did not start until July 2024 due to pending clearances from the Ministry of Environment, Forest and Climate Change (MoEF&CC) and approvals from the Haryana State Pollution Control Board.

Officials have now confirmed that all necessary clearances have been obtained. To enhance the project's financial viability, the new management also plans to expand the development by acquiring an additional 4.31 acres of land adjacent to the existing site, increasing the total project area to approximately 31.7 acres. A 66 kV overhead line running through the site will also be relocated to improve the project's safety and aesthetics.

One of the homebuyers, SL Juneja, who booked a flat in 2012, expressed cautious optimism about the progress. He stated that they have been waiting for over 12 years, and it has been a long and painful struggle. While seeing the work finally restart gives them some hope, he added that the next six months will be crucial in determining whether the project adheres to the timeline.

In a significant relief to hundreds of homebuyers who have been waiting for almost a decade, construction on Unitech's stalled residential project, South Park, located in Sector 70, has finally resumed. The project, which was halted in 2013, is now expected to move forward and be completed within the next three years. Originally, the South Park project aimed to deliver 832 flats across 27.4 acres, but only 672 units were sold before the project came to a standstill. Ashok Yadav, the CEO of Unitech, mentioned that they expect 8 to 9 towers to be completed within 24 months, but the entire project, including the basements for parking and other infrastructure, would take around 36 months to finish. Launched in 2008, construction had begun in 2011 after the approval of building plans, but the work came to a halt in 2013 due to financial issues and internal company conflicts. However, the newly appointed management, which took charge following a Supreme Court order, proposed a resolution framework in July 2020 to revive the project. This framework, which involved engaging Project Management Consultants (PMCs), outlined a plan to complete the unfinished housing units across Unitech's projects throughout India. Despite these renewed efforts, on-ground construction did not start until July 2024 due to pending clearances from the Ministry of Environment, Forest and Climate Change (MoEF&CC) and approvals from the Haryana State Pollution Control Board. Officials have now confirmed that all necessary clearances have been obtained. To enhance the project's financial viability, the new management also plans to expand the development by acquiring an additional 4.31 acres of land adjacent to the existing site, increasing the total project area to approximately 31.7 acres. A 66 kV overhead line running through the site will also be relocated to improve the project's safety and aesthetics. One of the homebuyers, SL Juneja, who booked a flat in 2012, expressed cautious optimism about the progress. He stated that they have been waiting for over 12 years, and it has been a long and painful struggle. While seeing the work finally restart gives them some hope, he added that the next six months will be crucial in determining whether the project adheres to the timeline.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?