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

What actually happened here

1. 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.
2. 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.
3. The stall. Units were launched and sold, and then construction came to a standstill. Buyers have been waiting since.
4. 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.
5. 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:

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

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.

There is a third figure, and it is the one to have in your pocket at the negotiating table. A portal's own price trend attached to this project's name sits at about Rs 9,950 per sq ft for the second quarter of 2026, a rise of 5.85 per cent on the quarter before. Read it for what it is: a trend built from listings at this address, not a new-sale rate for an unbuilt luxury tower, and not a number the developer would accept. But it is roughly what the address clears at today, and it is barely half the Rs 17,500 being quoted. The gap between those two numbers is the entire launch story, and none of it is built yet.

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

1. Is the share transfer complete? An agreement announced in August 2026 is not a transfer. Ask for confirmation, and check the promoter name on the HARERA registration at haryanarera.gov.in.
2. Is the Rs 510 crore civil contract still live? It was awarded to B L Kashyap and Sons before the project stalled. Ask what has been billed and paid under it, and whether the incoming promoter has reaffirmed or renegotiated it.
3. Which phase is your unit in? Registered, or outside the registered scope. Get the tower and unit number into the agreement.
4. What is the revised construction schedule? With the completion date the new promoter is willing to file, not the one in the brochure.
5. 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.
6. 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. A civil contract of about Rs 510 crore was awarded to B L Kashyap and Sons, a BSE-listed contractor, so the structural build was costed and booked by somebody whose order book is public rather than sketched on a brochure. 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 about 75% over what the portal trend says the address clears at. The Rs 510 crore contract was awarded before the stall, so ask whether it is still live. 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 it is the best news existing buyers here have had in a long time. 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.

If you are an allottee weighing whether to stay in, send us your allotment letter and payment history and we will tell you plainly what the RERA record supports. If you are shopping the corridor generally, our projects list and the new launch page have alternatives that are actually moving.

FAQs

Who owns Sky Palazzo Residences now — Trinity or Anhad?

The project was launched and marketed under the Trinity brand, with Fidato City Homes Pvt Ltd as the registered promoter. In August, Anhad Realty and Anhad Minerario entered into an agreement to acquire the entire shareholding of Fidato City Homes, which is how ownership of a licensed project changes hands in Haryana. Until that share transfer completes and HARERA's records are updated, the promoter on the registration is still the earlier company. Ask to see the current registration extract.

Is the project stalled?

It was. Units were launched and sold, a bhoomi pujan was performed on 14 April 2025, and construction then came to a standstill, leaving buyers waiting. Restarting construction is the stated priority of the incoming owner, and the agreement covers the obligations to existing RERA customers and to the farmers and landowners of the site. Nothing we have seen confirms that work has resumed on the ground.

Is Sky Palazzo RERA registered?

Yes. HARERA Gurugram registration 24 of 2025, dated 4 March 2025; portals also carry the project reference RERA-GRG-1851-2025 with a February filing date. The registration is in the name of Fidato City Homes Pvt Ltd. Verify it, and the promoter name on it, on haryanarera.gov.in before paying anything.

When is possession at Anhad Sky Palazzo Residences Sector 88B Gurgaon?

The completion date on record is 30 September 2032. Marketing material says October 2029. Only the registered date binds the promoter, and an incoming promoter inherits it, so treat 2032 as the working assumption unless the new owner files a revised commitment.

What is the price at Sky Palazzo Residences?

Broker sheets quote about Rs 17,500 per sq ft — roughly Rs 5.16 to 5.6 crore for a 3 BHK and Rs 6.65 to 7.35 crore for a 4 BHK. Sector 88B averages nearer Rs 12,600 per sq ft, with flats in the sector generally between Rs 9,350 and Rs 13,400. So the quote carries about a 40% premium to the sector, on a project that is not built.

How big is the project — 11 acres or 5.65?

Both figures are on record and they describe different things. Reports of the site put it at about 10.84 to 11 acres in Harsaru village, and the launch publicised 6 towers and 560 units. The registered scope carried on RERA trackers is about 5.65 acres with 3 buildings and 348 units across 44 floors, which reads like a registered phase of the larger site. Ask which scope your unit falls in and get the tower number written into the agreement.

What about the fraud complaint against the project?

A group of Triveni home buyers filed a complaint with HRERA alleging fraud in the project. The authority dismissed it, finding a lack of credible evidence and concluding that the complainants had no direct link to the project. That is a dismissal on the record, not an endorsement of the project's delivery history, which is a separate matter.

What sizes are the apartments?

Sources disagree, which is itself a warning. Common listings put 3 BHK at about 2,950 to 3,150 sq ft and 4 BHK at 3,800 to 4,150 sq ft; the project's own material has carried 3,250 and 3,390 sq ft for 3 BHK and 4,250 and 4,390 sq ft for 4 BHK; and at least one portal quotes 1,751 and 2,309 sq ft, which reads like carpet area. Insist on carpet, built-up and super area on one sheet before comparing rates.

What amenities were promised?

The launch sold a man-made beach — pitched as North India's first beach residences — a clubhouse of about 1.5 lakh sq ft, three outdoor pools, a Turkish hammam, private lift lobbies, four-side open apartments and IGBC Platinum certification. Almost none of it is built, and amenity programmes are usually where a revived project's costs get cut. Get the amenity list and its handover milestone into the agreement.

Should an existing allottee stay in or exit?

That depends on what you paid and what the incoming promoter puts in writing. The useful questions: is the share transfer complete and reflected in the HARERA record; what is the revised construction schedule and completion date; is your original allotment and price protected; and what happens to the amenity programme. Get those in writing before you pay another instalment, and take advice on your RERA options if the answers do not come.