Tag: Delhi-NCR

InfrastructureLatest Stories

Delhi Government Aiming to Boost Slum Residents’ Living Standards

NEW DELHI: On Republic Day, Delhi Chief Minister Rekha Gupta hosted a lunch for slum residents at her residence, ‘Jan Sewa Sadan,’ and inaugurated development projects worth ₹327 crore in Jhuggi Jhopri (JJ) clusters. During the event, she reaffirmed her government’s dedication to the development of these areas, announcing an allocation of ₹144 crore for various initiatives. The Delhi government has granted administrative approval of ₹225 crore for the construction of 476 public convenience complexes, with ₹81 crore already issued for 214 projects, according to a statement from the Chief Minister’s Office (CMO). Additionally, administrative approval of ₹102 crore has…

Latest StoriesResidential

Nagrik Awas Yojana 2026: Buyers Claim Karamyogi Flats Overpriced

NEW DELHI: The Delhi Development Authority (DDA) launched the Nagrik Awas Yojana 2026 on Friday, offering over 1,712 flats in HIG, MIG, LIG, and EWS categories across Narela and Siraspur, with a flat 25% discount applicable to all units. This new initiative, however, sparked frustration among applicants of the Karamyogi Awas Yojana, which had been introduced on December 19 specifically for government employees, and also provided a 25% discount. Applicants of the Karamyogi scheme claimed that the flats offered under Nagrik Awas Yojana were nearly ₹10 lakh less expensive than those available under their scheme, despite being situated in the…

Latest StoriesRera

Delhi REAT Urges RERA to Resolve Builder Registrations in 30 Days

NEW DELHI: Delays in processing registration applications from builders and promoters have raised corruption concerns. Delhi’s real estate tribunal has instructed the Real Estate Regulatory Authority (RERA) to make decisions—either approve or deny—within 30 days of receiving applications. “The clear directive is that the Real Estate Regulatory Authority must address applications within 30 days of receipt, making decisions based on the merits. Protracted delays violate statutory timelines and can lead to accusations of corruption and malpractice, which can be mitigated by adhering to the law,” remarked the Real Estate Appellate Tribunal last week. The tribunal reviewed an appeal from the…

IndustryLatest Stories

Anant Raj Q3 FY26 Profit Climbs 31% to ₹144 Crore

NEW DELHI: Realty firm Anant Raj Ltd announced a 31% rise in consolidated net profit to ₹144.23 crore for the December quarter, driven by improved income. The net profit was ₹110.37 crore during the same period last year. The company’s total income increased to ₹660.38 crore in the October-December period, compared to ₹543.97 crore in the corresponding period of the previous year, as per a regulatory filing. Based in Delhi, Anant Raj Ltd is a prominent real estate developer, primarily focusing on residential and data center projects. Published On Jan 22, 2026 at 06:52 AM IST Join the community of…

CommercialLatest Stories

India Accelerator and IREP to invest ₹100 crore in NCR workspaces

Representative Image NEW DELHI: International Real Estate Partners (IREP) has joined forces with India Accelerator to unveil a managed office workspace platform dubbed IREPworkspaces, backed by a ₹100 crore investment over the next 18 months. The initiative is set to establish a presence of nearly nine lakh sq ft across prominent commercial hubs in the National Capital Region (NCR). The initial phase will involve launching 12–15 managed workspace centers in NCR, aiming to create approximately 15,000 seats. The expansion will concentrate on micro-markets such as Golf Course Extension Road, Udyog Vihar, and the Noida Expressway. The company has already secured…

IndustryLatest Stories

Delhi to upskill 1.2 lakh registered construction workers

NEW DELHI: The Delhi government has initiated a skill training program for 120,000 construction workers as part of the newly adopted Code of Social Security, aiming to boost their efficiency and job opportunities, officials reported on Monday. The Delhi Building and Other Construction Workers Welfare (DBOCWW) Board is responsible for the welfare of registered workers in the capital. The training is crucial for construction workers, particularly as they represent one of the most vulnerable segments of the labor force, often migrating from various regions, mainly rural areas, to Delhi for work, stated a senior official from the Delhi government. The…

Latest StoriesRegulatory

NGT Issues Notices for Illegal Construction in Rohini Green Belt

Sure! Here’s a rewritten version of the content: NEW DELHI: The National Green Tribunal has issued notices to the Delhi Pollution Control Committee, DDA, and other relevant agencies concerning a complaint about unauthorized construction in a green belt located in Rohini’s Sector 16. The tribunal mandated that the respondents comply with the 2021 Master Plan and the Environment (Protection) Act of 1986, instructing that both preventive and punitive measures be implemented within one month. The NGT is reviewing a petition from activist Varun Gulati, who alleges encroachment and illegal building activities on a designated green area in Block-D, Pocket-1, Sector-16,…

IndustryLatest Stories

Lodha Developers Q3 FY26 Net Debt Rises ₹800 Cr to ₹6,170 Cr

NEW DELHI: Lodha Developers Ltd. has reported a 15% rise in net debt, reaching Rs 6,170 crore for the October-December period due to aggressive land acquisitions aimed at business expansion. Lodha Developers, a prominent name in the Indian real estate sector, operates under the Lodha brand. According to the company’s operational update, its net debt was Rs 6,170 crore at the end of Q3 for the fiscal year 2025-26, up from Rs 5,370 crore on September 30, 2025. “Despite substantial investments in business development during the first nine months of this fiscal year, our net debt remains at Rs 61.7…

Latest StoriesRegulatory

Delhi’s Property Tax Collection Hits Record ₹2,700 Crore

NEW DELHI: The Municipal Corporation of Delhi (MCD) has achieved a record property tax collection, exceeding Rs 2,700 crore by December 31 for the 2025-26 financial year. This represents a significant increase of approximately 45% compared to the same period last year, according to officials’ statements made on Saturday. Officials noted that this growth was accompanied by a notable rise in the taxpayer base. The number of registered property taxpayers grew from 10.31 lakh in 2024-25 to 12.43 lakh this year, reflecting an increase of nearly 21%. Civic officials attributed this surge to enhanced taxpayer engagement, stricter enforcement, and favorable…

Latest StoriesResidential

DDA’s Karmayogi Awaas Yojana: 60% Flats Sold in 24 Hours!

NEW DELHI: The DDA Karmayogi Awaas Yojana 2025 has received an impressive response, with 684 flats—about 60% of the total units—sold within the first 24 hours of booking, according to officials on Thursday. This scheme provides a unique opportunity for serving and retired government employees from central and state agencies, public sector undertakings, and other government sectors to secure a flat. The booking process began on January 14, coinciding with Makar Sankranti. “The substantial first-day response is projected to generate around Rs 450 crore in revenue, reflecting increased confidence among homebuyers in DDA’s housing initiatives and emphasizing Narela’s status as…