Tag: Delhi-NCR

InfrastructureLatest Stories

Delhi Metro Revives 2011 Plan: Dwarka-IFFCO Chowk Route Proposed

GURUGRAM: Almost ten years after its proposal, the Delhi Metro Rail Corporation (DMRC) is revisiting plans to extend metro connectivity from Dwarka to Gurgaon. The proposed extension aims to connect Yashobhoomi station in Dwarka Sector 25 on the Airport Express Line with IFFCO Chowk on the Delhi-Jaipur Expressway. If approved, this would enhance access for commuters traveling from Dwarka to significant employment hubs like Udyog Vihar, Cyber City, Hero Honda Chowk, Subhash Chowk, and various industrial and IT zones in Sector 44. This is particularly vital given the large volume of air passengers in Gurgaon. Currently, there is no efficient…

Latest StoriesResidential

Delhi: 152 DDA Flats Sold Within an Hour in ‘Apna Ghar’ Scheme

Representative image NEW DELHI: All 152 flats released by the Delhi Development Authority’s (DDA) ‘Apna Ghar Awas Yojana’ were booked within an hour of their launch on Friday, projected to generate a revenue of ₹100 crores, according to officials. The DDA offered 152 additional flats on a first-come-first-served basis, which includes 76 middle-income group (MIG) flats at Lok Nayak Puram, block D, and 76 economically weaker section (EWS) flats in Narela’s sector A1-A4, block G. “The scheme elicited a remarkable response from the public, with all additional flats booked within just one hour. To meet the ongoing public demand for…

InfrastructureLatest Stories

Over 6,700 Illegal Structures Found in Faridabad Forests

NEW DELHI: The Supreme Court-mandated Central Empowered Committee (CEC) has reported to the apex court that approximately 6,800 unauthorized structures, including farmhouses, schools, and government buildings, have been constructed on 780 acres of designated forest land in Faridabad, violating the Forest (Conservation) Act of 1980. In an interim report dated August 29, the committee noted that this land is recognized under the Punjab Land Preservation Act (PLPA) of 1900 and spans the villages of Ankhir, Anangpur, Lakkarpur, and Mewla Maharajpur. The committee highlighted that the area exhibits “all the attributes of forest land” as per the 1980 law and cannot…

IndustryLatest Stories

Delhi’s Suniyo property tax scheme raises ₹304 crore in 3 months

NEW DELHI: In just three months, the Municipal Corporation of Delhi’s (MCD) Suniyo property tax amnesty scheme has garnered ₹304 crore—over three and a half times the revenue generated from the previous scheme. The Suniyo (Sampatti Kar Niptan Yojana), which will conclude on September 30, has seen a greater number of taxpayers. Data indicates that 102,142 individuals have utilized the Suniyo scheme thus far, compared to 38,805 participants from the Samriddhi scheme initiated in 2022-2023. The Suniyo scheme has outperformed the earlier Samriddhi scheme, which raised only ₹84.23 crore during the same period last year, as noted by an MCD…

IndustryLatest Stories

PWD Chooses 7 Sites for Delhi Redevelopment Project

NEW DELHI: The Public Works Department (PWD) has identified seven residential land areas for a redevelopment and commercialization initiative through a public-private partnership (PPP) model, officials confirmed on Friday. Officials have selected seven sites – Vikas Bhawan-1 (ITO), Timarpur, Gulabi Bagh, Kalyanvas, Probyn Road, Sindhora Khurd, and Sindhora Kalan, as part of this redevelopment project aimed at addressing future housing needs and optimizing public land usage. “The information regarding land sizes and existing structures at these sites has been provided to the National Buildings Construction Corporation (NBCC). After receiving their PPP proposal, we will proceed with the project,” stated a…

IndustryLatest Stories

Delhi to Launch Portal for Investors to Find Land Parcels

NEW DELHI: In a bid to enhance the ease of doing business and simplify land allocation in the national capital, the Delhi government plans to establish a centralized portal to assist investors in identifying suitable land parcels, officials stated. This decision emerged from a recent review meeting led by the Ministry of Home Affairs focused on reducing compliance barriers and streamlining regulations in Union Territories, they mentioned. The portal will be created by the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), which will receive map-based data support from Geospatial Delhi Limited (GSDL). The IT Division of DSIIDC has been…

Latest StoriesRegulatory

ED Files 22 Cases in Builders-Banks Nexus Investigation

NEW DELHI: The Enforcement Directorate (ED) has initiated 22 cases under the anti-money laundering statutes to probe the alleged “unholy nexus” between builders and banks responsible for defrauding homebuyers in the national capital region (NCR), according to officials. The cases, filed under the Prevention of Money Laundering Act (PMLA), arise from an equal number of FIRs by the CBI issued at the end of July, following directives from the Supreme Court. The ED emphasizes that these cases involve significant public interest, with numerous homebuyers allegedly victimized. Investigations will focus on uncovering fraud, corruption, and money laundering activities by builders, banks,…

Latest StoriesRegulatory

Consumer Forum Holds Parsvanath Liable for Flat Delay

NEW DELHI: The Delhi State Consumer Disputes Redressal Commission has found Parsvanath Developers Limited at fault for inadequate service and unfair trade practices due to a significant delay in delivering a residential flat booked in 2007. Last month, the bench comprising Justice Sangita Dhingra Sehgal (president) and Pinki (judicial member) ordered Parsvanath Developers to immediately hand over the flat and compensate the complainants with a total of Rs 5.5 lakh. The complainants, Nitin Bansal and Amita Bansal, purchased a 3BHK flat from Parsvanath for Rs 27.68 lakh, following a construction-linked payment plan. They signed the flat buyer agreement on April…

IndustryLatest Stories

Delhi: MCD & NDMC Suggest Reforms for Easier Property Tax Assessment

NEW DELHI: In an effort to streamline property tax assessments and minimize citizen harassment, both the Municipal Corporation of Delhi (MCD) and the New Delhi Municipal Council (NDMC) have introduced a series of reforms under the Jan Vishwas (Amendment of Provisions) Bill, 2025. These proposals aim to replace imprisonment and fines with penalties for various infractions under the DMC and NDMC Acts. The bill suggests that the NDMC adopt the unit area method for property tax calculations, moving away from the rateable value approach for all properties in Lutyens’ Delhi. Officials explain that while this method has been in use…

IndustryLatest Stories

Omaxe Reports ₹186 Crore Net Loss in Q1 FY26

NEW DELHI: Omaxe Ltd reported a consolidated net loss of ₹185.77 crore for the first quarter of the current financial year, attributed to a decrease in income. In the same period last year, the company’s net loss was ₹146.98 crore. Total income decreased to ₹298.03 crore for the April-June 2025-26 quarter, down from ₹385.23 crore during the corresponding period in the previous year, as per a recent regulatory filing. Omaxe, a prominent real estate company in India, operates in 30 cities across eight North and Central Indian states, having delivered over 135 million sq ft of area since its establishment.…