Tag: Delhi-NCR

InfrastructureLatest Stories

Centre announces updates to DDA’s transit-oriented policy

NEW DELHI: The Central government has announced changes to the Delhi Development Authority’s (DDA) Transit Oriented Development (TOD) policy, as indicated in a gazette notification released on Saturday. The “TOD Zone” designates a 500-metre wide area on both sides of the approved Metro Corridors Routes and surrounding regional and interstate mass transit stations, including the Regional Rapid Transit System (RRTS). A public notice from the DDA stated, “The Delhi Development Authority has proposed modifications in ‘Chapter – 20 on Transit Oriented Development (TOD) in the Master Plan for Delhi – 2021’ under Section 11-A of the DD Act.” The proposed…

Latest StoriesResidential

Delhi to renovate 2,416 flats for the underprivileged

NEW DELHI: The Delhi government announced on Friday the approval for repair and renovation of 2,416 ready flats in Sawda Ghevra, instructing officials to expedite their allocation. During the 34th board meeting of the Delhi Urban Shelter Improvement Board (DUSIB), Chief Minister Rekha Gupta mandated that all renovation work is to be completed by January 15. “No budgetary constraints will be imposed on welfare schemes,” the CM emphasized. The board also approved renovation initiatives for flats at various locations, including Sultanpuri, Dwarka, and Bhalswa. This is part of the government’s initiative to repair about 50,000 unused EWS flats built over…

Latest StoriesRegulatory

ED Seizes ₹50 Lakh Cash Over IBC Misuse in Land Sale Case

NEW DELHI: On Friday, the Enforcement Directorate revealed an incident involving the misuse of the Insolvency and Bankruptcy Code (IBC) in the land sale of an insolvent real estate firm. During recent raids, Rs 50 lakh in cash was confiscated from a lawyer at the NCLT and another individual. The federal agency stated it conducted searches on Thursday in Delhi and Gurugram as part of an investigation into Universal Build Well Pvt. Ltd. and its promoters, concerning unfinished real estate projects and alleged fraud against homebuyers and investors. The company was in a corporate insolvency resolution process. The National Company…

InfrastructureLatest Stories

₹2.36 Crore in Fines; 48 Construction Sites Shut in Delhi

NEW DELHI: The government of Delhi has levied fines amounting to Rs 2.36 crore, issued over 200 show-cause notices, and ordered the closure of 48 construction sites for breaching dust-control regulations in the last month. Environment Minister Manjinder Singh Sirsa stated that this decisive action, supported by real-time monitoring and ongoing inspections, illustrates the government’s commitment to tackling pollution through “measurable, science-based enforcement instead of empty promises,” according to an official statement. The Delhi Pollution Control Committee (DPCC) has ramped up its anti-dust campaign since October 15, inspecting 1,262 construction sites exceeding 500 sqm. In a move to enhance oversight,…

Latest StoriesResidential

Karkardooma Tower Project Sees 1,500 Bids, Exceeds Flat Supply

NEW DELHI: The Delhi Development Authority (DDA) announced the successful reception of bids for its upcoming high-rise project, ‘DDA Towering Heights’, located in Karkardooma. Officials reported this on Wednesday. This initiative marks the first housing project created under Delhi’s Transit Oriented Development (TOD) policy. “Approximately 1,500 bids have been received for the 1,026 two-bedroom flats available. The central location and excellent connectivity options have significantly driven demand,” officials noted. Situated next to the Karkardooma metro station, this project offers direct access to both the Blue and Pink lines of the Delhi metro, alongside easy connections to National Highway (NH)-9, NH-24,…

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…