Tag: Delhi-NCR

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…

Latest StoriesResidential

1,400 Flats in Kathputli Colony to be Ready by March: DDA

NEW DELHI: The Delhi Development Authority (DDA) has announced that 50% of the 2,800 flats at Kathputli Colony are nearing completion and will be allocated to allottees within this financial year. This initiative marks the first in-situ rehabilitation project in Delhi. Officials stated that the concessionaire has submitted requests for the fire safety NoC and other necessary approvals to commence the allotments of the 1,400 EWS flats. “The fire department has identified a few deficiencies that the builder is currently addressing. Work to secure utility connections and permissions is ongoing. Once we receive the clearances, the flats will be allotted…

IndustryLatest Stories

Sobha Sees 61% Surge in Q2 FY26 Sales to ₹1,902.6 Crore

NEW DELHI: Real estate firm Sobha Ltd reported a 61% increase in sales bookings, reaching ₹1,902.6 crore in the second quarter of this fiscal year, fueled by strong demand for its residential properties. In the same period last year, the company achieved property sales worth ₹1,178.5 crore. According to a regulatory filing, Sobha Ltd sold 13.94 lakh square feet during the July-September quarter, with an average price of ₹13,648 per square foot. Bengaluru accounted for 69.7% of the quarterly sales, amounting to ₹1,326.4 crore, aided by increased momentum at the SOBHA Town Park project. Delhi-NCR contributed ₹309.7 crore, while the…

Latest StoriesResidential

Delhi: Signature View Apartments to Face Power, Water Outage

NEW DELHI: Civic agencies are set to terminate essential services, including water and electricity, to Signature View Apartments on October 13. During a meeting held by the MCD on Monday, it was revealed that the Delhi High Court has mandated a deadline for residents to vacate by October 12. Under the leadership of Civil Lines zone deputy commissioner Anshul Sirohi, instructions were given to Tata Power Delhi Distribution Limited (TPDDL) to finalize disconnection of electricity by October 13, along with a directive to the Delhi Jal Board (DJB) to suspend water services. Police officials from Mukherjee Nagar were asked to…

IndustryLatest Stories

Delhi Government Starts Circle Rate Revision, Invites Feedback

NEW DELHI: The Delhi government has initiated the process to revise land circle rates in the city and is inviting public suggestions on this matter, officials announced on Wednesday. The last revision of circle rates in Delhi occurred a decade ago in 2014. “The Government of NCT of Delhi is currently revising the circle rates (minimum property valuation rates) for various property categories across Delhi,” stated a circular released on Wednesday by the revenue secretary and divisional commissioner. This revision aims to align the notified rates with current market conditions and promote transparency in property transactions, the circular noted. The…

CommercialLatest Stories

Net Office Leasing Jumps 35% in Top 8 Cities: C&W

Certainly! Here’s a rewritten version of the provided content: — NEW DELHI: Net leasing of office spaces rose by 35% across eight major cities in the July-September quarter, reaching 16.25 million sq ft, driven by increased demand from both domestic and international companies, as reported by Cushman & Wakefield. According to data from the real estate consultant Cushman & Wakefield, office space leasing experienced growth in cities such as Delhi-NCR, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. However, Mumbai and Bengaluru saw a decline in net demand. Net absorption, a crucial measure of real estate demand, reflects the net change in…