Tag: Delhi-NCR

IndustryLatest Stories

NBCC Projects Revenue to Hit ₹25,000 Crore by FY28

NEW DELHI: State-owned NBCC Ltd projects its revenue to reach approximately Rs 25,000 crore by 2027-28, which would be more than double its earnings from the previous financial year, bolstered by a substantial order book totaling Rs 1.2 lakh crore. The company, engaged in project management consultancy (PMC) and real estate, offered these insights during a recent conference call with analysts. They outlined revenue forecasts, stating, “This year, we expect Rs 14,000 crore to Rs 15,000 crore. Next year, it will likely be between Rs 18,000 crore and Rs 19,000 crore, and by 2027-28, around Rs 25,000 crore.” For the…

InfrastructureLatest Stories

PM Launches ₹11,000 Crore National Highway Projects

Representative image created by AI NEW DELHI: Prime Minister Narendra Modi inaugurated two key National Highway projects in Delhi on Sunday, namely the Delhi section of the Dwarka Expressway and Urban Extension Road-II (UER-II). These developments are part of the government’s strategy to alleviate congestion in the capital, aimed at enhancing connectivity, reducing travel times, and easing traffic flow within Delhi and nearby regions. Such initiatives embody Prime Minister Modi’s vision for world-class infrastructure that promotes better living standards and seamless transportation. The 10.1 km section of the Dwarka Expressway in Delhi was constructed at an investment of approximately ₹5,360…

Latest StoriesResidential

Delhi: Signature View Apartments’ Construction Faces Further Delays

NEW DELHI: Residents of Signature View Apartments in North Delhi who have yet to vacate the complex designated for demolition recently submitted a request to the Municipal Corporation of Delhi, seeking additional time to leave the premises. The residents’ welfare association for Mukherjee Nagar stated that the occupants were given a deadline of August 10-20 for the disconnection of civic services. Due to challenges in securing alternative rental accommodations, RWA members have requested an extension until October 1 to vacate. In their letter to the deputy commissioner of MCD’s Civil Lines zone, the RWA noted, “In our various communications, the…

Latest StoriesResidential

DDA’s Phase II Property Registration Camps in Unauthorised Colonies on Aug 17

NEW DELHI: The Delhi Development Authority (DDA) is set to launch the second phase of its single window camps on August 17. This initiative aims to assist in the registration of properties located in unauthorized colonies under the Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY) scheme. According to officials, these camps are designed to simplify the ownership rights process for residents of unauthorized colonies by providing immediate help with documentation and registration. The camps will be held at ten locations, including Aman Vihar in Burari, Rana Ji Enclave in Najafgarh, Kabir Bhawan in Mahipalpur, Main Jail Road…

Latest StoriesResidential

DDA to Unveil Premium Housing Scheme by End of August

Representative image NEW DELHI: The Delhi Development Authority (DDA) is set to launch its Premium Housing Scheme 2025 by the end of August, featuring approximately 250 flats as well as car and scooter garages available through e-auctions in various areas including Jahangirpuri, Nand Nagri, Pitampura, Ashok Vihar, Vasant Kunj, Jasola, Rohini, and Shalimar Bagh. The scheme, which gained approval during a meeting led by LG VK Saxena on July 11, includes 39 high-income group flats in Vasant Kunj, Pocket 9B in Jasola, and Sector 19B in Dwarka; 48 middle-income group units in Jahangirpuri, Nand Nagri, Dwarka, and Pitampura; and 22…

IndustryLatest Stories

TARC Reports ₹54 Crore Profit in Q1 FY26

NEW DELHI: Realty company TARC Ltd has reported a consolidated net profit of ₹54.21 crore for the quarter ending June 30, 2025. In the corresponding quarter last year, the company had a net loss of ₹30.67 crore. Total income surged to ₹295.36 crore during the quarter, up from ₹9.62 crore a year earlier, according to a regulatory filing made on Tuesday. TARC Ltd is actively developing several real estate projects in the Delhi and Gurugram regions. During the fiscal year 2024-25, the company reported a net loss of ₹231.28 crore with total income of ₹38.88 crore. Published On Aug 13,…

IndustryLatest Stories

Grovy India reports ₹1.1 crore profit in Q1 FY26

NEW DELHI: Realty firm Grovy India Ltd reported a net profit of ₹1.1 crore in the first quarter of the current fiscal year. In the same period last year, the Delhi-based company faced a net loss of ₹25 lakh. According to Grovy’s statement, total revenue surged to ₹8.3 crore for the April-June quarter, up from ₹1.3 crore during the same timeframe last year. Founded in 1985, Grovy India specializes in real estate development and consultancy, having completed over 100 independent floor projects mainly in South Delhi. The company is currently developing more than 1 lakh square feet of luxury apartments…

InfrastructureLatest Stories

DDA Aims to Complete Karkardooma Transit Project by Dec 2026

Representative image created by AI NEW DELHI: The Delhi Development Authority’s inaugural transit-oriented development project at Karkardooma is expected to be completed by the end of next year. “The overall completion of the project is aimed for December 2026. The residential section will include approximately 500 units for economically weaker sections (EWS) and around 1,000 flats for middle-income groups. Currently, there is no plan for studio apartments,” stated a DDA official. Construction of additional residential towers is underway. “Structural work is nearing completion, while finishing touches, internal services, landscaping, and acquiring statutory clearances are still in progress,” the official added.…

Latest StoriesResidential

DDA Starts Rent Payouts for Signature View Residents

NEW DELHI: On Wednesday, the long-anticipated request from the residents of Signature View Apartments in Mukherjee Nagar, North Delhi, was addressed as the Delhi Development Authority (DDA) commenced compensatory rent payments for the original occupants of the residential complex marked for demolition. This action clears the way for the redevelopment of the apartment complex, which has been declared uninhabitable. A DDA representative confirmed that 56 residents who submitted the necessary documents and vacated their flats received rent payments up until the end of July. Other residents will be included as beneficiaries starting in September. “Residents who left the complex before…

IndustryLatest Stories

DLF to invest ₹23,500 crore in ongoing housing projects

NEW DELHI: DLF Ltd, India’s leading real estate firm, plans to invest ₹23,500 crore to finalize its ongoing residential projects in Delhi-NCR and Mumbai. As outlined in an investor presentation, the total estimated cost to complete these launched projects is ₹23,500 crore. To finance the pending construction, DLF has reported a cash reserve of ₹10,429 crore, with ₹7,782 crore held in an escrow account regulated by the Real Estate Regulatory Authority (RERA). Furthermore, the company holds receivables totaling ₹37,220 crore from customers for residential properties sold. DLF’s Chief Financial Officer (CFO) recently stated in a conference call that the company…