Updates

Vatika Crossover SCO Plots (Sector 82A, Gurgaon) Ready for Construction; Phase 2 Launched

Vatika Group has announced that its Crossover project — premium SCO (Shop-cum-Office) plots in Sector 82A, Gurgaon — is ready for construction, with Phase 2 also launched. The milestone is highlighted on Vatika's official website alongside other current project updates.

Vatika Launches Sovereign Floors – Luxury Independent Floors Across Sectors 88A, 88B, 82A & 83, Gurgaon

Vatika Group has launched Sovereign Floors, a new offering of spacious luxury independent floors spread across Sectors 88A, 88B, 82A and 83 in Gurgaon. The project is anchored by a 1 lakh sq ft exclusive club and is actively being marketed on Vatika's official website.

HRERA Gurugram Issues Office Order Adjourning All Complaints and Execution Petitions Against Vatika Limited Sine Die

The Haryana Real Estate Regulatory Authority (HRERA), Gurugram has issued an official Office Order adjourning sine die all complaints and execution petitions pending against Vatika Limited before the authority. The order is listed on the official HRERA Gurugram portal and is a regulatory consequence of the ongoing CIRP proceedings.

Vatika Launches Phase 2 of Sovereign Park (Sector 99) and Seven Elements (Sector 89A), Gurgaon

Vatika Group has launched Phase 2 of two residential projects — Sovereign Park in Sector 99 and Seven Elements in Sector 89A, Gurgaon — as announced on its official website. Both projects are part of the Vatika India Next 2 township on Dwarka Expressway.

Vatika INXT 2 Plots in Sectors 88A & 88B Receive RERA Approval

Vatika Group has obtained RERA approval for its residential plots at the INXT 2 township spanning Sectors 88A and 88B, Gurgaon. The approval is prominently announced on the developer's official website and corroborated by third-party property portals.

Vatika Hotels Refinances ₹550 Crore Debt With Kotak Mahindra Bank, Exits India Special Assets Fund III

Vatika Hotels, the operator of The Westin Gurgaon, has completed a ₹550 crore debt refinancing with Kotak Mahindra Bank, exiting its high-cost arrangement with India Special Assets Fund III as part of a multi-year financial turnaround.

Innov8 Acquires Vatika Business Centres, Adding 11 Managed Workspace Centres Across India

Coworking operator Innov8 acquired Vatika Business Centres for an undisclosed sum on June 23, 2026, bringing 11 prime business centres across New Delhi, Gurugram, Chennai, Bengaluru, Hyderabad, Noida, and Pune under its direct management. The deal marks a significant exit by Vatika Group from its managed-workspace vertical, with Vatika Hospitality MD Gaurav Bhalla endorsing the transition.

HRERA Directs Vatika Ltd to Pay ₹62 Lakh Compensation for Decade-Long Delay in Sector 85 Plot Delivery Under Vatika India Next

Haryana RERA ordered Vatika Ltd to pay approximately ₹62 lakh in compensation to homebuyers of a Sector 85 plot under the original Vatika India Next township after finding the allotted plot was never part of the approved layout plan.

NCLAT Modifies NCLT Order, Restricts Vatika Insolvency CIRP Solely to 'Aspirations' Project in Sector 88B, Gurgaon

On March 27, 2026, the NCLAT Principal Bench (New Delhi) upheld the CIRP against Vatika Ltd but restricted the insolvency proceedings exclusively to the 'Aspirations' project in Sector 88B, Gurgaon, barring extension to the developer's other 58 projects across Haryana and NCR.

NCLT Admits CIRP Against Vatika Ltd Over ₹274 Crore NCD Default on 'Aspirations' Project

The National Company Law Tribunal (NCLT), Chandigarh Bench, admitted a Corporate Insolvency Resolution Process (CIRP) against Vatika Ltd on February 3, 2026, following a ₹274 crore default claim on Non-Convertible Debentures by IDBI Trusteeship Services. The proceedings were triggered by unpaid NCD interest and principal linked to the 'Aspirations' project in Gurgaon.