Spaze Group
Est. 2006 · Gurgaon, Haryana · Privately held · Delhi NCR
🗓Published·Updated·Edited by Rakesh Mahajan
Company overview
Who is Spaze Group?
Commercial-heavy Gurgaon builder whose residential line has seen notable delays (Privvy The Address).
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Completed projects (not disclosed)
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Sq ft delivered (not disclosed)
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Ongoing projects (not disclosed)
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Upcoming projects (not disclosed)
Our ratings
Builder Score Card
We have published one overall judgement for Spaze Group rather than five separate assessments. The dimensions below are derived from it, and are shown for comparison only.
On-time delivery: 52% of towers delivered within 6 months of committed date.
Diligence
Litigation, Compliance & Financials
Litigation history
Possession-delay complaints on residential SPVs at HRERA.
RERA compliance
Not separately assessed. Verify the specific project’s registration and quarterly progress on the state RERA portal.
Financial strength
Privately held with limited public disclosure — prefer construction-linked payment plans.
At a glance
Spaze Group in Numbers
Spaze Group is a privately held developer founded in 2006, headquartered in Gurgaon, Haryana, active mainly in Delhi NCR. We rate it 2.8/5 overall — high-risk — which ranks 198th of the 212 developers we profile and ahead of 7% of them.
Benchmarking
How Spaze Group Compares
Each rating against all 212 developers we profile and the 62 in Delhi NCR.
| Rating | Spaze Group | Delhi NCR average | Better than |
|---|---|---|---|
| Construction quality | 2.7/5 | 3.2/5 | 7% of developers |
| Delivery record | 2.6/5 | 2.9/5 | 8% of developers |
| Customer satisfaction | 2.6/5 | 2.9/5 | 7% of developers |
| Financial strength | 2.5/5 | 2.9/5 | 8% of developers |
| Trust | 2.8/5 | 3.1/5 | 7% of developers |
Where a builder has not been separately assessed on a dimension, the figure shown is derived from its overall rating. It is a like-for-like comparison, not five independent judgements.
Buyer guidance
Should You Buy a Spaze Group Project?
Spaze Group carries more risk than most developers we rate. If you are considering one of its projects, favour completed or nearly completed towers, check its debt and cash flow, or credit ratings and company filings if it is privately held, confirm the project's escrow account and RERA progress, and avoid large upfront payments.
Check before you book
- RERA registration and quarterly progress for the exact project and tower you are buying.
- Credit ratings and company filings, because Spaze Group is privately held and does not publish audited results.
- That 70% of buyer payments go into the project's separate escrow account, as RERA requires.
- Financial strength: check its debt and cash flow, or credit ratings and company filings if it is privately held.
The bottom line
Our Verdict
Commercial assets fine; residential only if completed.
Portfolio
Notable Projects
Key Spaze Group projects as the builder publishes them. None has a PropertyNivesh research page yet.
Questions
Spaze Group: FAQs
Is Spaze Group a good builder? ＋
We rate Spaze Group 2.8/5 overall — high-risk. Commercial assets fine; residential only if completed.
Is Spaze Group a listed company? ＋
No. Spaze Group is privately held, so detailed financials are not published; check credit ratings and company filings where available.
Does Spaze Group deliver on time? ＋
Spaze Group has delivered 52% of its towers within six months of the committed date, and we rate its delivery record 2.6/5.
How many projects has Spaze Group completed? ＋
Spaze Group has not published a completed-project count that we could verify.
Does Spaze Group have litigation or RERA issues? ＋
Possession-delay complaints on residential SPVs at HRERA.