Tag: Delhi-NCR

Latest StoriesResidential

Delhi Cuts Water, Power at Signature View Apartments Over Eviction

Representative AI image NEW DELHI: The Municipal Corporation of Delhi (MCD) has ceased the electricity and water supply to Signature View Apartments after the court-imposed deadline expired, leaving approximately 51 residents still in the building, according to officials on Monday. Located in North Delhi’s Mukherjee Nagar, this housing complex, constructed between 2007 and 2009 and allocated under a Delhi Development Authority (DDA) scheme by 2011-12, has significantly deteriorated structurally over the years. “We urge the remaining residents to vacate the premises as soon as possible,” stated Amrendra Singh Rakesh, President of the Resident Welfare Association (RWA). He noted that many…

Latest StoriesRegulatory

Delhi HC Denies Restraining Property Sale Amid Frivolous Case

NEW DELHI: The Delhi High Court has stated that frivolous cases filed against a property cannot be used as a “weapon of harassment,” allowing an owner with a contested building to proceed with its sale or transfer. “The law acknowledges that courts possess the authority, in suitable cases, to exempt properties from the constraints of Section 52 of the Transfer of Property Act. This exemption serves to protect genuine property owners from being ensnared in vexatious, frivolous, or bad faith litigations,” remarked Justices Anil Kshetarpal and Harish V Shankar in a recent ruling. The court also levied a penalty of…

IndustryLatest Stories

Embassy Developers’ Promoters Inject ₹1,160 Crore Funds

Here’s a revised version of your content: NEW DELHI: Embassy Developments (EDL) announced that its promoters have successfully completed the subscription of 100% of warrants through the final tranche amounting to ₹67.7 crore, resulting in a total promoter capital infusion of ₹1,160 crore. This investment was made by converting warrants into equity shares at a price of ₹111.51 per share. The funds will be utilized to bolster the balance sheet, finalize ongoing projects, and support future expansion initiatives in key markets. Rajesh Kaimal, Chief Financial Officer of EDL, stated, “With a strengthened equity base, we are well-positioned to enhance project…

Latest StoriesResidential

Delhi Residents Leave Signature View Apartments as Deadline Passes

NEW DELHI: Several residents of Signature View Apartments vacated the premises on Sunday, the final day of the court-mandated deadline. The Resident Welfare Association (RWA) of Signature View in Mukherjee Nagar stated that with the deadline passed, residents must leave the buildings. “As the MCD has previously indicated that water and power services will be cut off after October 12, many residents are departing today. We will have the final count by tonight,” said RWA president Amrendra Singh Rakesh in a statement to PTI. Located in North Delhi’s Mukherjee Nagar, the housing complex was constructed between 2007 and 2009 and…

InfrastructureLatest Stories

DDA Requests IIT, DTU Help After Dwarka Basement Flooding

NEW DELHI: The Delhi Development Authority (DDA) has enlisted the technical expertise of IIT Delhi and Delhi Technological University to investigate the recent flooring damage and groundwater discharge in the basement of Triveni Apartments, located in Dwarka’s Sector 16B. The DDA has requested both institutions to deploy teams for on-site inspections and to provide a detailed report. “We expect them to visit the site this week and deliver a tentative timeline for their findings,” noted a DDA official. DDA teams are reportedly conducting daily visits to the site, with plans for long-term engagement with one of the government institutes to…

Latest StoriesRegulatory

SC Declines Plea on Delhi HC Ruling in Signature View Case

Sure! Here’s a rewritten version of the content: NEW DELHI: On Friday, the Supreme Court declined to consider a petition that challenged a Delhi High Court ruling stating that there would be no halt to the demolition of the Signature View Apartments in Mukherjee Nagar, New Delhi. The petition was presented to a bench comprising Justices Sanjay Kumar and Alok Aradhe, seeking a suspension of the interim order issued by a division bench of the high court on September 17. The Signature View Apartments are part of a multi-storey residential project initiated by the Delhi Development Authority (DDA) in 2010.…

InfrastructureLatest Stories

Recycled C&D Waste Essential for Delhi Construction Projects

Representative AI image NEW DELHI: The Delhi government is set to mandate the use of recycled construction and demolition (C&D) waste in construction projects, as stated by Urban Development Minister Ashish Sood following a meeting with various departmental officials. Officials from the urban development department, DJB, PWD, DDA, NDMC, MCD, power discoms, and DPCC were present at the meeting. The Ministry of Environment, Forest and Climate Change has instructed local bodies and public sector agencies to utilize C&D waste in accordance with the Construction and Demolition Waste Management Rules, 2016. Minister Sood noted that the Ministry of Housing and Urban…

Latest StoriesResidential

Signature View Apartments asks 91 families to leave flats

NEW DELHI: The Resident Welfare Association (RWA) of Signature View Apartments in Mukherjee Nagar is urging the remaining 91 families to vacate their flats promptly to enable the demolition and reconstruction of the complex. According to RWA president Amrendra Kumar Rakesh, most residents have already moved out, and efforts are being made to clear the remaining units. “We are requesting the remaining residents to vacate their homes at the earliest possible to expedite the floor area ratio (FAR) clearance process,” Rakesh stated. Despite this, the RWA noted that some residents are hesitant to leave due to worries about the FAR…

Latest StoriesResidential

Saya Group to invest ₹550 crore in Ghaziabad project

NEW DELHI: Saya Group, a real estate company, has established a joint venture to create a luxury housing project in Ghaziabad, investing Rs 550 crore for the construction of 264 flats. The partnership with Harmony Infra will yield an ultra-luxury residential project named ‘The Horizon Residences’ located at Indirapuram, Ghaziabad. “We have secured around 2 acres of land in Indirapuram for this luxury development, which will feature 264 units,” said Vikas Bhasin, MD of Saya Group, during a press briefing. The company plans to market homes within the price range of Rs 6 crore to Rs 8.5 crore. Regarding the…

Latest StoriesResidential

Delhi Protest: 4,000 Members Demand Halt to Land Auction

NEW DELHI: Over 4,000 members of the Revanta Multi State CGHS Ltd Society marched to the DM (South West) office on Monday, urging a stop to the auction of their land designated for building flats. This sale was mandated by a Rera court. The society was established in June 2014 by two promoters and five others. Individuals were invited to join by paying a membership fee and purchasing land based on the planned size of the flats, with the understanding that they could settle the construction and development costs later. The total area owned by the society spans 44 acres…