Tag: Delhi-NCR

Latest StoriesResidential

Residents question uneven enforcement of Delhi’s Building Bylaws

Representative AI image NEW DELHI: Local residents are voicing concerns regarding the selective enforcement of the Unified Building Bylaws (UBBL), claiming it results in “absurd sanctions” for structures sanctioned by the Municipal Corporation of Delhi (MCD). They argue that inconsistencies in the guidelines and their interpretation are distorting zonal planning, compromising privacy, increasing fire risks between adjacent properties, and exacerbating noise issues. For example, properties larger than 500 square meters are mandated to have a six-meter setback at the front and three meters on the remaining sides. However, applicants can obtain approval for smaller plots (250-500 square meters) to utilize…

Latest StoriesRegulatory

Delhi Court Grants 14-Day Judicial Custody to Ex-Jaypee MD

NEW DELHI: On Tuesday, a Delhi court ordered former Jaypee Infratech MD Manoj Gaur, who is facing charges in a money laundering case, to be held in judicial custody for 14 days. Previously, on November 13, he had been taken into custody by the Enforcement Directorate (ED) for five days. After completing his interrogation, Gaur appeared before a sessions court, which granted the ED’s request to extend his custody. The ED arrested Gaur amid an investigation into a ₹14,599 crore fraud involving homebuyers. According to the agency, funds raised from thousands of homebuyers for residential project construction were misappropriated, thereby…

InfrastructureLatest Stories

Delhi lifts ban on power connections for unauthorized properties

NEW DELHI: Chief Minister Rekha Gupta has removed the restrictions on power connections for properties booked by the MCD due to various violations. This decision will benefit approximately 1.25 lakh families in Delhi, officials announced on Monday. The Delhi government has issued an order to provide power connections to these properties, according to a statement from the Chief Minister’s Office (CMO). Gupta highlighted that this decision is in the public interest, reflecting the government’s commitment to ensuring citizens’ rights and access to essential services under any circumstance. The power department has received numerous complaints about discoms (power companies) denying or…

IndustryLatest Stories

Unitech’s Q2 FY26 Loss Shrinks to ₹739 Crore

NEW DELHI: Realty company Unitech Ltd has narrowed its consolidated net loss to ₹738.72 crore for the most recent September quarter. This is a decrease from a net loss of ₹766.76 crore in the same quarter last year. Total revenue rose to ₹151.01 crore in the second quarter of this fiscal year, up from ₹79.94 crore during the previous year, as per a regulatory announcement. In 2020, the company’s board was superseded by the central government following a directive from the Supreme Court. Following this, the Ministry of Corporate Affairs proposed a new board’s formation, which received Supreme Court approval…

Latest StoriesRegulatory

Delhi Court Sends Ocean Seven Chief to 14-Day ED Custody in PMAY Scam

NEW DELHI: On Friday, a Delhi court granted the Enforcement Directorate (ED) a 14-day custody of Swaraj Singh Yadav, the director of Ocean Seven Buildtech Pvt Ltd (OSBPL) in Gurugram, over an alleged money-laundering case. Yadav was presented before Additional Sessions Judge Shefali Barnala Tandon around 2:25 am following his arrest related to money laundering tied to the Pradhan Mantri Awas Yojana (PMAY), a flagship initiative by the Union government. The agency explained that Yadav was brought to the judge’s residence at this unusual hour due to constitutional mandates requiring arrestees to be produced within 24 hours. Launched on June…

InfrastructureLatest Stories

Builders Commit to Compliance as GRAP Stage-III Begins in NCR

NEW DELHI: As air quality in Delhi-NCR deteriorates to ‘severe’ levels, the Commission for Air Quality Management (CAQM) has implemented Stage-III of the Graded Response Action Plan (GRAP), enforcing immediate restrictions on construction and demolition activities in the area. Real estate developers and industry organizations have committed to adhering to these directives, underscoring their environmental responsibility by adopting dust control and pollution reduction measures at all active sites. Pradeep Aggarwal, founder and chairman of Signature Global (India), stated, “Although temporary restrictions on construction may necessitate short-term changes, such actions are vital for promoting environmental sustainability and public health. Our teams…

InfrastructureLatest Stories

Delhi to install CCTV at 524 sites to curb construction dumping

Representative AI image NEW DELHI: In a bid to combat illegal dumping of construction and demolition (C&D) waste in public areas, the Municipal Corporation of Delhi (MCD) will install CCTV cameras at 524 sites across 12 city zones. The Shahdara South zone will host the highest concentration, with 113 locations. Officials discussed the issue at a recent meeting where the Public Works Department (PWD) agreed to provide the cameras, although PWD has not made any comments regarding this decision. “The installation of these cameras will help identify repeat offenders and impose penalties. While our teams conduct inspections, it’s challenging to…

InfrastructureLatest Stories

Centre Implements GRAP Stage-III Restrictions in Delhi-NCR

NEW DELHI: On Tuesday, the Centre enacted stricter anti-pollution measures as part of Stage III of the Graded Response Action Plan (GRAP) in Delhi-NCR after the city’s air quality reached the ‘severe’ category. The decision followed a sharp increase in Delhi’s average Air Quality Index (AQI), which climbed from 362 on Monday to 425 on Tuesday morning. This escalation was attributed to calm winds, stable atmospheric conditions, and unfavorable weather that facilitated the accumulation of pollutants near the ground, according to the Commission for Air Quality Management (CAQM). Stage III measures include a ban on non-essential construction work and the…

CommercialLatest Stories

OpenAI Leases 50-Seater Office with CorporatEdge in Delhi

US-based OpenAI has selected Delhi for its inaugural office in India, leasing a 50-seater space from premium flex workspace provider CorporatEdge, according to two sources familiar with the matter. This August, OpenAI CEO Sam Altman announced plans to establish an office in India. The sources indicated that the company specifically sought a location in Delhi, ruling out the business hubs of Gurugram and Noida. “This deal underscores the significance of AI firms as substantial players in commercial real estate moving forward,” one source remarked. “These companies tend to favor managed office spaces over traditional office setups.” OpenAI did not respond…

IndustryLatest Stories

Anant Raj Q2 FY26 Profit Rises 31% to ₹138 Crore

NEW DELHI: Anant Raj Ltd, a prominent real estate company, announced a 31% increase in its consolidated net profit to Rs 138.18 crore for the quarter ending September 30, 2025, compared to Rs 105.65 crore in the same quarter last year. Total income for the July-September period soared to Rs 640.89 crore, up from Rs 523.75 crore a year earlier, as per a regulatory filing. Anant Raj Ltd is recognized as one of the leading developers in the country, focusing on both residential and commercial developments, including data centers. Published on Nov 9, 2025, at 12:00 PM IST Join the…