What happened to 32nd Avenue in Gurgaon? The fall of the city’s favourite aesthetic spot

For years, 32nd Avenue in Sector 15, Gurgaon wasn’t just a commercial complex, it was the hangout. Think European streetscape energy, fairy lights, cafés, buzzy restaurants, creative offices, and constant footfall. It became Gurgaon’s aesthetic hub, the place for first dates, weekend brunches, pop-ups, and soft-launch birthday dinners. If you lived in NCR, chances are you’ve been there, or posted from there.

Originally called 32nd Milestone, the space was rebranded as 32nd Avenue and positioned as a premium mixed-use development. It promised investors assured rental returns, long-term leases, and big-brand tenants. For a while, everything looked picture-perfect.



Behind the fairy lights, things started going sideways. Investors began complaining that assured rental payments were delayed, or had stopped entirely. Months passed without payouts, and attempts to reach the management reportedly went unanswered. Protests broke out at the site, and online forums filled up with angry posts alleging financial mismanagement, unpaid dues, and zero transparency.

Basically, the vibes were off, and the money definitely wasn’t moving.

The situation blew up when the Gurugram Police’s Economic Offences Wing (EOW) arrested Dhruv Dutt Sharma, founder and managing director of the company behind 32nd Avenue. Authorities allege a massive ₹500-crore real estate fraud, with claims that a single commercial floor, around 3,000 sq ft, was sold to over 25 different buyers.



The investigation began after Tram Ventures Private Limited alleged it paid for the property in 2021 but never received ownership registration. Police later uncovered multiple FIRs accusing the management of cheating, forgery, criminal breach of trust, and conspiracy.

Even before the fraud case made headlines, local authorities had flagged building code violations at the property. These reportedly included blocked fire access routes and unauthorized constructions. Notices were issued, but according to officials, compliance remained questionable, adding another layer of trouble to an already messy situation.

Here’s the part that hits beyond investors. 32nd Avenue isn’t just real estate, it’s culture. It’s where Gurgaon built its soft-life reputation. With arrests, FIRs, and legal probes stacking up, people are now worried the complex could lose tenants, shut down sections, or go completely dark.

For café owners, restaurant staff, freelancers, and small businesses operating there, the uncertainty is real. For regulars, it feels like losing a familiar third place, a space that shaped the city’s lifestyle identity.



As of now, the property is still operational, but its future is shaky. Legal proceedings are ongoing, and investor recovery could take years. What’s clear is that the 32nd Avenue saga is a cautionary tale: aesthetic can’t cover structural cracks forever.

Pretty spaces can still have ugly paperwork, and Gurgaon just learned that the hard way.