Tag: Delhi-NCR

Latest StoriesResidential

Innov8 Founder Acquires Golf Links Bungalow for ₹85 Crore

AI-generated Representative Image Ritesh Malik, the founder of co-working firm Innov8, acquired a 575-square yard bungalow in Delhi’s Golf Links for approximately Rs 85 crore, as confirmed by two sources familiar with the transaction. This deal contributes to a growing trend of high-value residential purchases by corporate leaders in affluent areas of Delhi, with Golf Links emerging as a favored choice for entrepreneurs in recent years. India Sotheby’s International Realty facilitated the transaction, representing both the buyer and seller while confirming their exclusive mandate. “Golf Links has become the preferred choice for entrepreneurs,” said Ashwin Chadha, CEO of India Sotheby’s…

InfrastructureLatest Stories

Delhi civic body tears down 14 illegal structures, seals 1

NEW DELHI: The Municipal Corporation of Delhi (MCD) took action on Wednesday, demolishing 14 unauthorized properties and sealing one as part of its ongoing efforts to address illegal construction citywide, according to officials. The civic body also issued 16 show-cause notices to property owners for unauthorized constructions, commencing legal proceedings under the Delhi Municipal Corporation Act. Officials noted that these actions were executed by the Building Department across various locations in the city as part of routine enforcement against violations of building regulations. Since June 1, the MCD has demolished a total of 681 unauthorized structures and sealed 398 others…

Housing FinanceLatest Stories

SC criticizes CBI, Delhi Police for Indiabulls probe silence

NEW DELHI: On Tuesday, the Supreme Court expressed strong disapproval of the Central Bureau of Investigation (CBI) and the Delhi Police’s Economic Offence Wing (EoW) for their inaction regarding allegations of dubious transactions involving Indiabulls Housing Finance Limited (IHFL). The court termed their lack of action “shocking” and indicated a possible “quid pro quo”. A bench consisting of Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana criticized the CBI for failing to respond to previous directives regarding the registration of a regular case and not providing a status report on the ongoing investigation. “Due to CBI and…

IndustryLatest Stories

Govt Restructures Housing and Urban Affairs Ministry

Representative AI Image NEW DELHI: The Union government has reorganized the Ministry of Housing and Urban Affairs by establishing two distinct departments: the Department of Capital Development and the Department of Urban Development, as per a recent gazette notification. The Department of Capital Development will oversee functions associated with the national capital and the Union government. Its responsibilities include managing the Central Public Works Department (CPWD), the Delhi Development Authority (DDA), the Delhi Metro Rail Corporation (DMRC), Union government buildings, land acquisition, and development within the National Capital Territory, as well as planning for the National Capital Region (NCR). The…

Latest StoriesResidential

DDA Housing Scheme: 1,200 Flats at 25% Off in Narela, Delhi

Representative Image NEW DELHI: The Delhi Development Authority (DDA) has introduced the ‘DDA Karmajeevi Awaas Yojana 2026,’ featuring a 25% discount on over 1,200 ready-to-move flats in Narela, as announced by officials on Wednesday. In celebration of the 80th Independence Day, the DDA has launched a special housing scheme tailored for serving and retired government employees, as well as working professionals. The initiative aims to enhance home ownership accessibility for professionals while continuing DDA’s mission of promoting planned urban development and inclusive growth in the capital. The scheme includes more than 1,200 ready-to-move flats available in 1BHK, 2BHK, and 3BHK…

IndustryLatest Stories

Delhi to issue smart property cards in Lal Dora areas soon: CM

Representative AI image NEW DELHI: The Delhi government is surveying Lal Dora areas (village Abadi land) to create digital records, with plans to issue smart property cards to owners, addressing a longstanding issue, as stated by Chief Minister Rekha Gupta on Tuesday. Gupta noted that 48 villages are included in the SWAMITVA scheme, established through an agreement with the Survey of India. Surveys in 30 of these villages have been finalized, and their respective property cards have been developed. The government will provide SVAMITVA PVC property cards as per UIDAI standards. These cards will include data such as the Property…

InfrastructureLatest Stories

₹31,000 Crore Approved for Urban Challenge Fund: MoHUA

NEW DELHI: The Urban Challenge Fund has approved projects worth ₹31,000 crore within just 20-25 days after finalizing its guidelines, according to D Thara, additional secretary at the Ministry of Housing and Urban Affairs. At a FICCI conference, Thara noted that 44% of the funding for the approved projects is sourced from non-banking financial companies, while public-private partnerships contribute 22%. Bonds represent 5-7% of the financing, with commercial banks providing the remainder. Sanjay Kulshrestha, chairman and managing director of HUDCO, emphasized that cities contribute 60-70% of India’s GDP while occupying only about 3% of its land. He highlighted that the…

IndustryLatest Stories

Divyansh Group Buys Ghaziabad Land for ₹128 Crore

Representative AI image NEW DELHI: Divyansh Group has successfully acquired a 12,868 sq metre land parcel located in Koyal Enclave, Ghaziabad, via an auction organized by the Ghaziabad Development Authority. The acquisition cost approximately ₹128 crore, and the land will be transformed into a plotted residential project with a projected sales potential exceeding ₹200 crore. The company anticipates launching the project in the third quarter of the current financial year. The acquisition notably enhances the company’s development pipeline within the National Capital Region. Published On Jul 21, 2026 at 02:26 PM IST Join a community of 2M+ industry professionals. Subscribe…

CommercialLatest Stories

Lenskart Leases 88,343 Sq Ft Office in Delhi Aerocity

NEW DELHI: Lenskart Solutions has signed a lease for 88,343 sq ft of office space at Worldmark 6, Aerocity, Delhi, from Alborz Developers, as per lease documents obtained from Propstack, a real estate data analytics company. The leased area consists of the entire eighth floor, including Units 1 and 2, designated for office use. This marks a new lease agreement. The lease commenced on April 1, 2026, and spans nine years. Lenskart will begin with a monthly rent of ₹210 per sq ft, resulting in an estimated monthly cost of around ₹1.86 crore. Propstack estimates the overall rental value for…

Latest StoriesResidential

Delhi Development Body Flats: Permissible Alterations with Conditions

Representative AI Image NEW DELHI: The Delhi Development Authority (DDA) has updated its policy on permissions and regularizations for modifications to flats. This allows owners of top-floor flats in low-rise housing blocks to construct specific permanent structures, under certain conditions. This marks the DDA’s first revision of its housing policy since 2007. The revised policy, developed in consultation with the Ministry of Housing and Urban Affairs, permits owners of flats in two-, three-, and four-story buildings to build permanent structures over areas created by enclosing courtyards or the resulting terrace from the floor below. The aim is to increase usable…