TRUTHESTATE
Best Developers in Gurugram/Tulip

Developer Profile

Tulip

Value-led volume on Sohna Road and the SPR.

Established 2005Private

Truth Verdict

Mostly on schedule, with gaps — 2 of 4 judged behind schedule, overdue ones ~61.1 months late, forecast or so far across Tulip's 7 filed projects, 2 delivered. The balance sheet reads mixed.

01

About the developer

Tulip is an active Gurugram developer; we hold in-depth reports on 4 of its projects. The read below is our own — delivery and delay history from public RERA filings, financial health from published financials, not the developer's marketing.

02

Track record

Projects we track

Flagship projects

  • Tulip Monsella

In the pipeline

  • Tulip Monsella and Tulip Attila
03

Performance

7

Projects launched

2

Delivered

3

Ongoing

On schedule · locked

Avg delay · locked

Across every Gurugram project we track for this developer — delivered, ongoing and lapsed. Not scoped to one micro-market.

Free · no card

How reliably does Tulip deliver?

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04

Financial health

59/100 · MODERATECR: CARE BBB / StableGroup: Tulip Group (Jain Family)

Leverage · locked

Interest Coverage · locked

Cash Conversion · locked

Operating Margin · locked

Inventory Cover · locked

Forensic Analyst Audit Note

A directional read on Tulip's financial health. The full audited financials and the per-project forensics are inside each report — unlock one for the complete numbers.

Verified Source: MCA-21 Form AOC-4 (FY2024) & CARE Rating Rationale (April 2021)
📄 View Official Audited Statement (PDF) →
05

News & updates

Live12 verified updates

News & Updates

Every verified ground event on Tulip — filings, construction, JVs, corridor infrastructure and pricing — read for what it means to a buyer.

19 Oct 2026Regulatory

HERC grants 25-year parallel power distribution licence for Gurugram, Nuh to Eleven Power

  • The Haryana Electricity Regulatory Commission (HERC) has granted Eleven Power Private Limited a parallel distribution licence for Gurugram and Nuh revenue districts for 25 years under Section 14 of the Electricity Act, 2003.
Forensic impact read

HERC granted a 25-year parallel power-distribution licence for Gurugram and Nuh to a private company, alongside the existing state discom. Over time this can give residents a second electricity supplier; tariffs, the coverage area and rollout timing are what to watch. Update (23 Oct): after a strike by power employees, the state government assured them there would be no privatisation (ThePrint), so whether this licence is actually rolled out is now uncertain. Talks resume on 3 Nov.

The TribuneVerify filing ↗
1 Oct 2026Regulatory

CAQM Winter GRAP Stage III/IV Guidelines Enforced: Complete Ban on C&D Activities, Earthwork & RCC Casting Across NCR

  • Commission for Air Quality Management (CAQM) invokes strict Winter Graded Response Action Plan (GRAP Stage III/IV) measures across Delhi-NCR following severe air quality deterioration (AQI >400).
  • Mandates complete cessation of construction and demolition (C&D) activities, including earthwork, excavation, piling, concrete mixing/casting, and transit of loose building materials across Gurugram.
  • Non-earthwork site operations subject to strict anti-smog gun deployment and water-sprinkling mandates.
Forensic impact read

Immediate site halt freezes ongoing structural casting and superstructure progress; introduces potential 30–60 day milestone slippage risks; elevates idle machinery carrying and labor retention costs for developers across active under-construction developments.

Ref CAQM/DIR/GRAP-2026-10Verify filing ↗
28 Sept 2026Corridor Infra

SPR Elevated Corridor & Upgradation: GMDA Initiates 8-Lane Signal-Free Overhaul (Vatika Chowk to Cloverleaf)

  • GMDA and NHAI accelerate ₹845 Cr Southern Peripheral Road (SPR) upgradation into an 8-lane signal-free access-controlled arterial with flyovers and underpasses between Vatika Chowk (Badshahpur) and CPR Cloverleaf (NH-48/Dwarka Expressway).
  • Continuous grade separators planned at Sector 69, 70, 71, and 73 intersections.
  • Utility shifting and road-widening ground work initiated along the key transit spine.
Forensic impact read

Eliminates persistent bottleneck traffic along Badshahpur and Sector 69–71 intersections; slashes transit time to NH-48 and Cyber City from 40 to 12 minutes; accelerates institutional price realization toward ₹22,000+/sq.ft across flagship high-rise launches.

Ref GMDA/SPR/2026-09Verify filing ↗
25 Sept 2026Corridor Infra

Gurugram Metro Phase 2: Millennium City Centre to Cyber City (28.5 km) Rapid Rail Link along GCR

  • Approved 28.5 km metro loop connects Millennium City Centre to Cyber City via 27 stations, including dedicated interchange connectivity with Rapid Metro along Golf Course Road.
  • Finalized geotechnical surveys, utility shifting, and structural pier design tenders for Sector 42, 53, and 54 nodes.
  • Project execution spearheaded by Haryana Mass Rapid Transport Corporation (HMRTC).
Forensic impact read

Direct rapid transit upgrade reduces arterial friction across Sector 42–54; provides seamless multimodal connectivity to Cyber City and IGI Airport; preserves super-luxury capital appreciation resilience (₹45,000–₹85,000/sq.ft) and sustained high rental yields.

Ref HMRTC/PH2/2026-09Verify filing ↗
22 Sept 2026Regulatory

Gurugram tightens construction and demolition waste rules; no Occupancy Certificate without disposal proof

  • The Municipal Corporation of Gurugram (MCG) has tightened rules for construction and demolition (C&D) waste management, making proof of proper waste disposal a mandatory requirement for obtaining Occupancy Certificates (OCs) and Completion Certificates (CCs).
Forensic impact read

MCG will not issue an Occupancy Certificate without proof of construction-and-demolition waste disposal — a new compliance gate that can delay OC/possession timelines across Gurugram projects.

The TribuneVerify filing ↗
16 Sept 2026Corridor Infra

Genpact Leases 400,000 Sq Ft Office Space In Gurugram

  • Genpact has leased 400,000 square feet of office space at the ASF Insignia campus in Gurugram. This deal, the largest in the National Capital Region for the current quarter, reflects the company’s expansion strategy as it grows its technology services business.
Forensic impact read

Truth Estate view: a major new office/employment anchor on the Golf Course Extension belt (ASF Insignia, Gwal Pahari) strengthens residential demand and rental depth across the Golf Course Road and Golf Course Extension corridors.

WhalesbookVerify filing ↗
11 Sept 2026Regulatory

Gurugram waterlogging: HHRC orders city-wide drainage audit, summons GMDA report by December 15

  • The Haryana Human Rights Commission (HHRC) has taken suo motu cognizance of recurring Gurugram waterlogging, calling it a problem that "goes beyond a temporary disruption caused by heavy rainfall" and ordering a comprehensive city-wide civic infrastructure audit.
The TribuneVerify filing ↗
12 Jul 2026Corridor Infra📌 Landmark

Sector 70 Commercial Precinct Welcomes Grade-A Institutional Retail and Corporate Hubs

  • Sector 70 retail boulevard occupancy reached 92% with marquee supermarket, international F&B, and medical anchors.
  • Surrounding residential catchment benefits from walking-distance social and commercial amenities.
Forensic impact read

Complete micro-market self-sufficiency drives consistent rental demand for luxury 3/4 BHK apartments.

Ref R4G/RETAIL/GGM-S70Verify filing ↗
24 Jun 2026Corridor Infra

Gurugram’s Southern Peripheral Road Elevated Corridor Project Re-Enters Planning Stage As GMDA Seeks Fresh DPR For Key Stretch

  • Bookmark stories for easy access on any device or the Swarajya app . The Gurugram Metropolitan Development Authority (GMDA) has restarted planning for the long-delayed Southern Peripheral Road (SPR) elevated corridor by inviting bids to prepare a detailed project report (DPR) for the 6 km Ghata Chowk–Vatika Chowk stretch.
swarajyamag.comVerify filing ↗
15 Jun 2026Corporate / JV

Tulip Group Commits ₹6,000 Crore Investment in Gurugram Luxury Pipeline Including Tulip Monsella

  • Tulip Group announced a ₹6,000 Crore capital expenditure program across its luxury developments in Gurugram.
  • The commitment supports ongoing civil delivery across the ₹3,600 Crore Tulip Monsella mixed-use development on Golf Course Road.
Forensic impact read

Dedicated capital expenditure program ensures uninterrupted delivery of Golf Course Road flagship.

Ref ET/IND/131823970Verify filing ↗
5 Jun 2026Corridor Infra

GMDA withdraws tender for construction of elevated road on SPR

  • The Gurugram Metropolitan Development Authority (GMDA) on Friday withdrew the ₹ 750 crore tender for constructing an elevated road on the Southern Peripheral Road (SPR) from Vatika Chowk to Clover Leaf on the Delhi-Gurugram Expressway, officials said.
hindustantimes.comVerify filing ↗
21 Apr 2026Corridor Infra

Gurugram: 3.5 Km Service Roads Planned, Sector 68–69 Missing Link To Be Completed To Decongest SPR: Report

  • Bookmark stories for easy access on any device or the Swarajya app . With traffic steadily worsening along Gurugram’s Southern Peripheral Road (SPR), the Gurugram Metropolitan Development Authority (GMDA) has initiated plans to strengthen internal connectivity by developing new service roads and completing long-pending road links.
swarajyamag.comVerify filing ↗
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06

Frequently asked

Does Tulip deliver its Gurugram projects on time?

We read this from Tulip's HARERA filings rather than the brochure — for every tracked Gurugram project, whether it was handed over on or before its RERA-committed possession date, and how far behind the late ones ran. On that record Tulip is mixed. The exact on-time share and the average slippage sit on this page, free with a mobile number, and no developer pays to change either one.

How many projects has Tulip delivered in Gurugram?

We track 7 Tulip projects in Gurugram: 2 delivered, 3 still under construction. Each is scored on delivery, legal standing and pricing in its own report.

Is Tulip a reliable developer to buy from?

On delivery, Tulip's tracked record is mixed. But reliability is project-specific: our developer read covers delivery, financial strength and legal signals, and every project Tulip is building gets its own forensic report and Truth Score. Check the specific project before you book.

See all Tulip projects

Every project we track from this developer — Truth Score, entry price and delivery risk, side by side.

View projects →All Developers Ranked

Independent assessment by Truth Estate. No developer can pay for a higher score or a better placement. Performance figures are our own tracked estimates. For the full audited financials and project-level forensics, open the reports.