This topic contains 0 replies, has 1 voice, and was last updated by 
-
Posts
-
About Anhad Sky Palazzo Residences Sector 88B Gurgaon
Sky Palazzo Residences is a 3 and 4 BHK high-rise in Sector 88B, Harsaru, on the Dwarka Expressway belt — and it is the most interesting file in New Gurugram right now for a reason that has nothing to do with its man-made beach. The project was launched and sold under the Trinity brand, with Fidato City Homes Pvt Ltd as the registered promoter. Construction stopped. In August, Anhad Realty and Anhad Minerario agreed to acquire the entire shareholding of Fidato City Homes — the company, not just the land — taking on its obligations to every RERA customer and to the farmers and landowners of the site. The development is valued at about Rs 1,200 crore.If you are an existing allottee, that is the first real movement in a long time. If you are a new buyer, read the rest of this page before you sign anything, because the numbers on the registration and the numbers in the brochure do not agree.
At a glance
Project Sky Palazzo Residences, Sector 88B (Harsaru), Dwarka Expressway
Original promoter Fidato City Homes Pvt Ltd — launched and marketed under the Trinity brand
Incoming owner Anhad Realty with Anhad Minerario, by purchase of the promoter company’s shares
Deal announced August this year
Project value About Rs 1,200 crore
HARERA registration 24 of 2025, dated 4 March 2025 (project reference RERA-GRG-1851-2025)
Site About 10.84 – 11 acres reported overall; roughly 5.65 acres in the registered scope
Towers and units 6 towers / 560 units at launch · 3 buildings / 348 units on the RERA-filed scope
Configurations 3 BHK about 2,950 – 3,390 sq ft · 4 BHK about 3,800 – 4,390 sq ft
Indicative rate About Rs 17,500 per sq ft (broker-quoted)
Indicative price 3 BHK about Rs 5.16 – 5.6 crore · 4 BHK about Rs 6.65 – 7.35 crore
Completion 30 September 2032 on record · October 2029 in marketing
Ground-breaking Bhoomi pujan performed 14 April 2025
What actually happened here
Registration. The project was registered with HARERA Gurugram as 24 of 2025 on 4 March 2025, in the name of Fidato City Homes Pvt Ltd. Portals also carry the reference RERA-GRG-1851-2025 against a February filing.
Launch. A bhoomi pujan was performed on 14 April 2025, and the project was sold on an unusual pitch — North India’s first man-made beach residences, a clubhouse of about 1.5 lakh sq ft, three outdoor pools, a Turkish hammam, private lift lobbies and IGBC Platinum certification.
The stall. Units were launched and sold, and then construction came to a standstill. Buyers have been waiting since.
The complaint. A group of Triveni home buyers filed a complaint with HRERA alleging fraud in the project. The authority dismissed it, citing a lack of credible evidence and finding that the complainants had no direct link to the project. That is a dismissal on the record — it does not speak to the delivery record, which is a separate question.
The takeover. In August, Anhad Realty and Anhad Minerario entered into an agreement to buy 100% of Fidato City Homes Pvt Ltd. Buying the promoter company is how a licensed Haryana project changes hands without the approvals going back into a queue. The stated priority is restarting construction and completing within the promised timelines, and the agreement expressly covers obligations to RERA customers and to the site’s farmers and landowners.
Point five is the one worth weighing. Most revival deals in this belt try to take the land and leave the liabilities — to buyers, to landowners, or both. Taking the company means taking the obligations with it. That is the right structure. It is also, as of now, an agreement rather than a completed transfer, and until HARERA’s own record shows the promoter change, the registration still names the earlier company.The two sets of numbers
This is the part that decides whether you are buying what you think you are buying:What the launch publicised What the registration record carries
Site About 11 acres About 5.65 acres
Towers 6 3
Units 560 348, across 44 floors
Completion October 2029 30 September 2032
The likeliest explanation is phasing — a registered first phase of about 5.65 acres inside a larger site reported at 10.84 to 11 acres in Harsaru village. That is normal and not sinister. What is not acceptable is buying without knowing which side of the line your flat falls on. A unit in an unregistered phase has no RERA protection at all. Ask for the tower and unit number to be written into the agreement, and match it against the registered building list.The date gap matters just as much. Only the completion date on the registration binds a promoter, and an incoming promoter inherits it. On the record that date is 30 September 2032. Anyone selling you October 2029 is quoting a brochure.
Price — and the premium you are being asked to pay
Benchmark Rate
Sky Palazzo Residences (broker quotes) About Rs 17,500 per sq ft
Sector 88B average About Rs 12,600 per sq ft
Sector 88B flats, range About Rs 9,350 – 13,400 per sq ft
Dwarka Expressway, mid-market average About Rs 14,800 per sq ft
So the ask is roughly 40% above the sector average, and above the corridor average too, for a project with nothing built on it. A luxury specification can justify a premium. A stalled history argues for a discount. Right now the quote is priced as though only the first of those is true.Sizes are inconsistent across sources in a way that makes rate comparison unreliable: 3 BHK appears at 2,950-3,150 sq ft in some listings and 3,250 or 3,390 sq ft in others, while one portal quotes 1,751 sq ft for a 3 BHK and 2,309 sq ft for a 4 BHK — figures that read like carpet area. Ask for carpet, built-up and super area on one sheet before you compare anyone’s per-sq-ft number with anyone else’s. Payment plans of 10:90 and 50:50 are quoted on broker sheets; neither has been reissued by the incoming owner, and payment terms are the first thing a new promoter rewrites.
Sector 88B and the Dwarka Expressway belt
Sector 88B sits in Harsaru on the New Gurugram side of the Dwarka Expressway, in the belt where corridor prices rose from roughly Rs 4,900 to about Rs 14,800 per sq ft over the last decade. The neighbours are a mix of delivered and selling stock — Indiabulls Sector 88, Raheja India Rashtra in 88A, the Laburnum Victory floors, and the commercial Trinity Sector 88B development in the same pocket. The corridor view is on our Dwarka Expressway property page.The location case is sound. It is the project-level risk, not the address, that needs pricing here.
What to establish before you pay anything
Is the share transfer complete? An agreement announced in August is not a transfer. Ask for confirmation, and check the promoter name on the HARERA registration at haryanarera.gov.in.
Which phase is your unit in? Registered, or outside the registered scope. Get the tower and unit number into the agreement.
What is the revised construction schedule? With the completion date the new promoter is willing to file, not the one in the brochure.
What happens to the amenity programme? The beach, the 1.5 lakh sq ft club and the three pools are the expensive parts, and they are what gets re-costed first in a revival. Ask for the amenity list and its handover milestone in writing.
For existing allottees: is your original allotment, unit and price protected under the new ownership, and in what document.
Honest pros and cons
What works. The project has a buyer, and the deal is structured to carry the obligations rather than shed them — including to the landowners, which revivals routinely ignore. It is registered and licensed, so the paperwork can be checked. The complaint against it was dismissed. And Sector 88B is a corridor that has genuinely repriced.What doesn’t. Construction has not restarted. The transfer is agreed, not done. The registered completion is 2032, not 2029. The registered scope is about half the site the launch described. The ask is roughly 40% over the sector. And the amenities the whole pitch rests on are unbuilt.
Our view
Anhad taking on the promoter company whole is the right shape for a revival, and existing buyers here have a better week than they have had in a while. But an agreement is not a crane on site. Until the transfer shows on the HARERA record, work is visibly running, and one document confirms the unit scope and the completion date, a new buyer is paying a luxury premium for an option rather than a home. If you still want in, negotiate towards the Sector 88B average rather than up towards the launch story — the project’s history is a discount, not a feature.
https://realtyhunting.com/anhad-sky-palazzo-residences-sector-88b-gurgaon/
You must be logged in to reply to this topic.