Tag: Delhi-NCR

IndustryLatest Stories

DDA Approves Land Use Change in NW Delhi Pooling Area

NEW DELHI: The Delhi Development Authority (DDA) has approved the land use change for a 40.2-hectare land pooling area in Sector-8B of Planning Zone P-II, marking the first sector eligible for development under Delhi’s Land Pooling Policy, enacted in 2018. Sector-8B encompasses land from the villages of Garhi Khusro, Mukhmelpur, and Ibrahimpur in north-west Delhi. The DDA initially approved the proposal on November 5, 2025, and subsequently issued a public notice for objections and suggestions. Following the completion of the statutory process, the proposal has been cleared and will now be sent to the Ministry of Housing and Urban Affairs…

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Delhi circle rates to be updated for property market trends

NEW DELHI: The Rekha Gupta government is undertaking a thorough revision of circle rates across all property categories, ranging from A to H. This marks the first organized recalibration in years to align notified rates with current market trends. While premium colonies are set to experience a modest increase, there are steeper hikes proposed for mid- and lower-segment areas, where officials report that actual market transactions often exceed existing circle rates, based on an internal government report. Areas like Prithviraj Road, Jor Bagh, and Sundar Nagar are reportedly experiencing market values of at least Rs 18-22 lakh per square metre,…

Latest StoriesResidential

Centre grants permanent housing; JJ clusters near PM’s home to vacate by March 6.

NEW DELHI: Residents of three jhuggi-jhopri (JJ) clusters near the prime minister’s residence have been instructed to vacate their homes following the Centre’s allocation of permanent housing as part of a rehabilitation initiative, as per an official notice. The notice, issued by the Land & Development Office (L&D) under the Ministry of Housing and Urban Affairs (MoHUA), mandates that residents of BR Camp, Masjid Camp, and DID Camp near Race Course Road relocate to the newly assigned flats at Savda Ghevra in northwest Delhi. A MoHUA official confirmed that all residents in these three clusters have been allocated housing, with…

Latest StoriesRegulatory

Ex-Jaypee Infratech MD Surrenders at Tihar Jail, Delhi

NEW DELHI: Manoj Gaur, the former Managing Director of Jaypee Infratech, surrendered to the authorities at Tihar Jail following a Delhi court’s decision to deny his regular bail application in a money laundering case linked to alleged fraud against homebuyers, which is being investigated by the ED. According to officials, Gaur, who had previously received interim bail, surrendered on Thursday and is now incarcerated in Tihar Jail. Jaiprakash Power Ventures Ltd also announced on Friday that Gaur, who serves as a non-executive director and chairman of the company, has “surrendered before judicial authorities upon expiration of the term of his…

Latest StoriesResidential

Central Park to Invest ₹1,200 Crore in Gurugram Housing Project

NEW DELHI: Central Park Estates is set to invest ₹1,200 crore in the development of the Belanova residential project in Gurugram. The project is projected to generate revenues of approximately ₹2,500–3,000 crore and will be financed through project funding and internal reserves. It will feature 124 residences with an average price of around ₹25 crore each. The company anticipates securing around ₹500 crore in FY26 through private offerings to friends and family, followed by an expected ₹1,000 crore in FY27. The development is expected to be completed by July 31, 2026. Published On Feb 20, 2026 at 07:33 AM IST…

Latest StoriesResidential

Home Sizes Up 17% in Two Years Across Seven Major Cities

NEW DELHI: The average size of apartments in India’s top seven cities has increased by 17% over the past two years, highlighting a shift towards larger units and a growing premium housing market, according to Anarock Research. The report indicates that the average flat size rose from 1,420 sq ft in 2023 to approximately 1,676 sq ft in 2025. The National Capital Region (NCR) topped the list with a steep increase of 30%, with average unit sizes growing from about 1,890 sq ft in 2023 to around 2,466 sq ft in 2025, driven by a notable rise in luxury offerings.…

Latest StoriesRera

Delhi RERA halts NBCC from taking action against Rajeshwari Realty

NEW DELHI: The Delhi Real Estate Regulatory Authority (RERA) has instructed NBCC Ltd. not to take any coercive actions against Rajeshwari Realty Pvt. Ltd. regarding outstanding electricity or maintenance payments while an appeal is pending before the Real Estate Appellate Tribunal (REAT). The directive was issued by a bench consisting of Chairperson Anand Kumar and Member Devesh Singh. During the hearing, both parties informed the Authority that NBCC has filed an appeal with REAT, but no stay has been granted thus far. The appeal is scheduled for hearing on March 9, 2026. Rajeshwari Realty’s counsel stated that NBCC issued a…

Latest StoriesResidential

DDA Ends Parking Fees in Housing Scheme Flat Prices

NEW DELHI: The Delhi Development Authority (DDA) has announced the elimination of parking charges, including those for covered parking, from the total cost of flats in its current housing schemes, providing relief to homebuyers. This change is anticipated to reduce flat prices by ₹5 lakh to ₹12 lakh. Homebuyers will notice immediate price drops for the MIG and HIG flats across four schemes: DDA Karmayogi Awas Yojana 2025 (First-Come First-Serve), DDA Towering Heights Karkardooma Housing Scheme 2025 (E-Auction), DDA Nagrik Awas Yojana 2026 (First-Come First-Serve), and DDA Towering Heights Karkardooma Housing Scheme 2026 (First-Come First-Serve). According to the new directive,…

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Delhi land parcels to receive 14-digit Aadhaar numbers

Representative AI image NEW DELHI: In a bid to digitize land records and enhance accountability, the Delhi government has introduced Bhu Aadhaar. Under this initiative, each land parcel in the city will receive a 14-digit Unique Land Parcel Identification Number (ULPIN), essentially creating a digital ‘Aadhaar’ for property ownership. Chief Minister Rekha Gupta announced the initiative on Sunday, stating that protecting property rights is its primary focus. “‘Bhu Aadhaar’ is more than just a number; it serves as a robust digital tool against corruption and land disputes. Many families invest their lifetime savings in land but often face legal challenges…

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Lodha Acquires 80% Stake in Solidrise Realty for ₹294.07 Crore

NEW DELHI: Lodha Developers has signed a share purchase agreement to acquire an 80% equity stake in Solidrise Realty (SRPL) for ₹294.07 crore. Following this acquisition, SRPL will operate as a subsidiary of the company, which is actively involved in the Pune real estate market. The acquisition aims to facilitate the company’s expansion into Pune, as stated in its regulatory filing. In the earnings report for Q3 FY26, Abhishek Lodha, the managing director and CEO, announced the addition of approximately ₹340 billion in gross development value (GDV) from new project developments, including two projects currently in the pilot phase in…