Tag: Delhi-NCR

IndustryLatest Stories

Ashiana Housing Q1 FY26 Sales Surge 83% to ₹431 Crore

Certainly! Here’s a rewritten version of your content: NEW DELHI: Ashiana Housing Ltd reported an impressive 83% increase in sales bookings, reaching Rs 430.97 crore in the first quarter of the fiscal year, driven by heightened demand. In the same period last year, the company had sales bookings of Rs 235.32 crore, according to a recent regulatory filing. The firm’s sales volume during the April-June quarter amounted to 5.95 lakh square feet, compared to 4.42 lakh square feet in the previous year’s corresponding quarter. Based in Delhi, Ashiana Housing is one of India’s leading real estate developers, having recorded total…

CommercialLatest Stories

PwC India Launches Sixth NCR Office in Gurugram

NEW DELHI: Consulting firm PwC India has launched a new office in Gurugram, spanning 125,000 square feet as part of its expansion initiative. In a recent announcement, PwC India revealed the opening of its new office in ‘DLF Downtown 4’, making it the sixth office in the NCR region. This new location boosts PwC India’s total capacity in the Delhi-NCR area to nearly 8,000 personnel. With a workforce of about 30,000 across 20 cities, PwC India continues to grow. Sanjeev Krishan, the Chairperson of PwC in India, stated, “The launch of our sixth office in the NCR signifies the ongoing…

InfrastructureLatest Stories

Rooftop Illegal Constructions Threaten Chandni Chowk Safety

File Photo NEW DELHI: Illegal construction has surged in Chandni Chowk and surrounding areas of the Walled City, further complicating the already crowded streets. Many properties are being converted into multi-storey buildings that exceed height limits and reportedly violate regulations, leading to administrative chaos and increasing the potential for structural accidents. On July 18, the Supreme Court addressed the issue, ordering the sealing of unauthorized constructions in Chandni Chowk and the arrest of those responsible for the violations. The court criticized civic authorities for failing to protect a heritage area from illegal development. The municipal corporation is currently reviewing the…

Latest StoriesRegulatory

SC Approves CBI to Register 22 Cases in NCR Builders-Banks Nexus

NEW DELHI: On Tuesday, the Supreme Court permitted the CBI to file 22 cases regarding the “unholy nexus” between banks and developers accused of deceiving homebuyers in the NCR. A bench led by Justices Surya Kant and N. Kotiswar Singh authorized the CBI to transition six preliminary inquiries against various builders and banks into 22 formal cases, similar to FIRs, for further investigation. Entities under scrutiny include builders in NCR and development authorities in Uttar Pradesh and Haryana. According to the subvention scheme, banks disburse approved amounts directly to builders, who must pay EMIs on these loans until they deliver…

IndustryLatest Stories

MCD Hosts 2,333 Property Tax Camps for Amnesty Scheme Benefits

NEW DELHI: The Municipal Corporation of Delhi has set up 2,333 property tax camps across 12 zones to encourage tax compliance and offer relief to property owners, as stated by Mayor Sardar Raja Iqbal Singh on Monday. To date, 59,411 taxpayers have benefited from this initiative, resulting in a collection of ₹145.19 crore, according to Singh. This initiative targets helping taxpayers access the Property Tax Amnesty Scheme 2025-26, dubbed Sumpattikar Niptaan Yojana (SUNIYO), with participation exceeding 56,000 taxpayers, the mayor reported. “Given the positive response to the SUNIYO scheme, additional property tax camps will be organized in the coming days…

InfrastructureLatest Stories

Study reveals construction and encroachment on Yamuna floodplain

Representative image created by AI NEW DELHI: An advocacy group focused on water issues has flagged multiple ecological concerns following site visits to the eastern bank of the Yamuna floodplain near the Wazirabad barrage. Their assessment revealed that the area has been leveled with construction debris and soil waste, alongside rampant construction and encroachment activities. The group—South Asia Network on Dams, Rivers and People—has called for action from the lieutenant governor, chief minister, and senior officials to clear the dumped waste and dismantle permanent structures in an effort to restore the floodplain. They have also addressed a formal complaint to…

Latest StoriesRegulatory

SC: Arrest Anyone Laying Bricks Amid Chandi Chowk Ban

NEW DELHI: On Friday, the Supreme Court criticized unauthorized constructions in the Chandi Chowk area, despite an existing court ban, and instructed the Delhi Police to arrest anyone involved in such activities. A bench comprising Justices Surya Kant and Joymalya Bagchi instructed the Delhi Police commissioner to organize patrols in the area and to immediately halt illegal constructions. “The Commissioner of Police must ensure a police team is deployed for regular patrolling and that all demolition orders issued by the MCD, which have not been stayed by the courts, are followed diligently. Any illegal constructions must be sealed immediately,” the…

Latest StoriesRegulatory

Delhi HC asks DDA to restore trust with Signature View residents

NEW DELHI: The Delhi High Court highlighted a significant “trust deficit” between the Delhi Development Authority (DDA) and the residents of Signature View Apartments. The court urged the civic agency to take steps to “establish trust” with the residents. The Chief Justice DK Upadhyay and Justice Tushar Rao Gedela addressed the ongoing stalemate where residents have refused to vacate the towers deemed dangerous. They emphasized the need for both parties to seek a resolution and “move ahead” with the completion of the project. The bench stated, “There is a lot of trust deficit. The residents’ concerns are valid. Trust needs…

Latest StoriesResidential

Rent Compensation for Residents to Be Finalized by Month-End

NEW DELHI: The Resident Welfare Association (RWA) of Signature View Apartments in Mukherjee Nagar announced on Thursday that the Delhi Development Authority (DDA) has guaranteed that rent compensation for all residents will be disbursed by the end of this month. The DDA issued an e-tender in March to demolish the Signature View Apartments, which consists of a 336-flat complex declared structurally unsafe. Developed in the mid-2000s under a DDA housing scheme, the apartments have suffered significant structural deterioration, including serious cracks in walls and ceilings, raising safety alarms. Amrendra Singh Rakesh, president of the RWA, informed PTI that residents have…

Latest StoriesResidential

Delhi MCD Requests Police Help to Evacuate Signature View Apartments

NEW DELHI: Following recent directives from the Delhi Development Authority (DDA) and the Delhi High Court, the Municipal Corporation of Delhi (MCD) has reached out to Delhi Police to assist in evacuating 336 flats at Signature View Apartments, requesting urgent action. However, a senior police official indicated that no notification had been received so far. After an assessment by IIT Delhi in 2022, the MCD had declared the apartment complex unsafe in 2023. In December 2024, the High Court confirmed the buildings were uninhabitable, mandating their demolition and reconstruction, and ordered immediate evacuation. DDA recently announced that July 31 is…