Tag: Delhi-NCR

Latest StoriesResidential

Lulu Group buys Sunder Nagar bungalow in Delhi for ₹89.5 crore

NEW DELHI: Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group International and exporter of meat, fruits, and vegetables, has purchased a bungalow in Delhi’s Sunder Nagar for Rs 89.5 crore, according to official documents. Najimudeen Ebrahimkutty, Chief Executive Officer (CEO) of Fair Exports, was involved in the transaction. The company also paid Rs 6.26 crore in stamp duty for this deal. “The seller, Kuldeep Singh Lamba, is currently living abroad, which delayed the documentation process. Lulu Group has been searching for residential property in Lutyens Delhi for quite some time,” shared a source familiar with the transaction. Sunder…

IndustryLatest Stories

Golden Growth Fund Buys Land in Gulmohar Park, South Delhi

Representative AI image NEW DELHI: The Golden Growth Fund (GGF), a Category II real estate-focused alternative investment fund, has secured a land parcel in South Delhi’s Gulmohar Park for a residential project with an expected revenue potential of approximately ₹100 crore. The project will be constructed on a 500 sq yd site, offering a total built-up area of around 20,000 sq ft, which will include four independent floors. Grovy India will oversee the development. This marks the fund’s third acquisition in South Delhi since its inception in September 2024, following investments in Anand Niketan and Neeti Bagh. The acquisition aligns…

InfrastructureLatest Stories

CAQM Tightens Construction Rules to Reduce Delhi NCR Dust Pollution

Representative Image NEW DELHI: With growing efforts to combat pollution in Delhi, the Commission for Air Quality Management (CAQM) has implemented stricter regulations on construction and demolition activities. A study conducted in 2026 highlighted that dust contributes significantly to pollution levels, accounting for approximately 15% in winter and 27% in summer. In response, the CAQM has issued new directives aimed at dust control and enhancing air quality. SD Attri, Member (Technical) of the CAQM, emphasized the importance of regulating dust from demolition activities, which has been a notable source of pollution. Previously, many demolitions were executed without adequate planning, leading…

Latest StoriesResidential

Delhi: 700+ DDA Flats Booked Within 2 Days of Launch

Representative image NEW DELHI: Over 700 flats have been booked under two residential schemes by the Delhi Development Authority (DDA) in the Narela area within just two days of their launch, officials reported on Friday. Under the ‘DDA Karmayogi Awaas Yojana’ 2025, flats are available for retired government employees. Recently, the DDA introduced 936 additional flats in Pocket 6, Sector A1-A4, Narela. “Booking commenced on March 26, coinciding with Ram Navami, and saw a remarkable response, with more than 400 flats booked within just two days,” an official statement revealed. In a similar manner, the ‘DDA Nagrik Awaas Yojana’ 2026…

IndustryLatest Stories

Jan Vishwas Bill: New Property Tax System for NDMC Areas

Representative image NEW DELHI: The government has proposed a new property tax framework for the New Delhi Municipal Council (NDMC) areas, easing criminal provisions for minor offences while tightening enforcement for tax violations. This is part of the Jan Vishwas (Amendment of Provisions) Bill, 2026, introduced in the Lok Sabha on Friday by Minister of State for Commerce and Industry Jitin Prasada. The bill suggests a complete overhaul of the tax structure under the NDMC Act, 1994. It establishes that property tax will now consist of two components: building tax and vacant land tax, replacing the original Section 61. To…

Latest StoriesRegulatory

Delhi Police EOW Files Fraud Case Against Gurugram’s Experion Developers

GURUGRAM: The Economic Offences Wing of the Delhi Police has registered an FIR against Gurugram-based real estate firm Experion Developers Private Limited and its affiliate, Experion Capital Private Limited, for fraud. This action follows a complaint lodged by the Enforcement Directorate, according to an official statement released on Thursday. The ED’s complaint originated from its inquiry into a money laundering case involving Religare Finvest Limited (RFL). As per ED findings, former RFL promoters Malvinder Mohan Singh and Shivinder Mohan Singh allegedly misappropriated around Rs 2,036 crore from RFL through entities that they directly or indirectly control. Investigations revealed that the…

IndustryLatest Stories

Finance Minister: SWAMIH Investment Fund II Launch Underway

File Photo NEW DELHI: The SWAMIH Investment Fund II was announced as part of the recent Union Budget and is set to be officially launched. Its aim is to provide assistance to distressed homebuyers with stalled investments, as Finance Minister Nirmala Sitharaman informed Parliament on Monday. The 2026-27 budget introduced a new Rs 15,000 crore ‘SWAMIH Fund’ designated for completing 1 lakh units in delayed housing projects across various cities. As of January 31, 2026, the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund has committed investments in 148 projects, according to her response in the Lok Sabha.…

Latest StoriesResidential

Delhi: Pay 25% Upfront for Provisional NOC on Homes

Sure! Here’s a revised version of the content: — NEW DELHI: The Delhi Jal Board (DJB) has approved significant reforms regarding infrastructure charge (IFC) payments, providing much-needed relief for property owners and developers in the capital. Individuals and agencies can now secure a provisional no objection certificate (NOC) by paying just 25% of the required infrastructure charges during the building plan approval phase. The remaining balance will be payable later, adjusted according to final applicable rates when a water connection is sanctioned. Officials believe this temporary arrangement will quickly revive thousands of stalled projects. Water Minister Parvesh Verma stated that…

CommercialLatest Stories

Delhi to Map, Audit Fire Safety of Commercial Units Citywide

NEW DELHI: Delhi Home Minister Ashish Sood has mandated a third-party mapping and fire safety audit of all establishments in the capital, including those in residential areas, in response to the recent fire in Palam that resulted in nine fatalities. Sood instructed that third-party experts be engaged to evaluate fire safety compliance throughout the city. “This initiative aims to pinpoint deficiencies in safety measures and ensure compliance with established norms across commercial facilities in mixed-use environments,” he stated. “Every worker and every family deserves to feel safe, no matter where they are,” Sood emphasized, adding that the government plans to…

Latest StoriesRegulatory

Delhi: MCD Seals Keshavpuram Properties Over ₹1.33 Crore Tax Dues

NEW DELHI: On Wednesday, the Municipal Corporation of Delhi sealed two commercial properties in the Keshavpuram zone due to alleged non-payment of property tax dues exceeding ₹1.33 crore, according to an official statement. This action is part of the civic body’s ongoing initiative against property tax defaulters. The properties, situated in Paschim Vihar and the GT Karnal Industrial Area, reportedly had substantial outstanding property tax dues. Despite multiple opportunities provided by the MCD to settle the dues, the property owners did not comply, leading to the initiation of coercive action under the Delhi Municipal Corporation Act. Officials encouraged the property…