Tag: Delhi-NCR

CommercialLatest Stories

Spring House Workspaces Opens 28,000 sq ft in Saket, Delhi

NEW DELHI: Spring House Workspaces, a provider of managed office spaces, has unveiled its latest center, covering over 28,000 sq ft at Southern Park Mall in Saket, New Delhi. This facility can accommodate around 450 individuals, featuring 300 desks and 33 private cabins, tailor-made for startups, remote teams, consultants, and expanding businesses. “We invested between ₹800 and ₹2,500 per sq ft for this center, depending on the level of interior work required—from renovations to complete bare-shell fitouts,” stated Mukul Pasricha, founder & CEO of the company. The average price per seat in the Delhi market is approximately ₹12,000 plus taxes,…

InfrastructureLatest Stories

Delhi allocates ₹700 crore for slum development: CM

NEW DELHI: Chief Minister Rekha Gupta announced on Monday that her government has allocated ₹700 crore in the budget for the development of slum settlements. “Whenever slums need to be removed for any reason, we ensure that houses are provided to eligible residents so they can truly feel like citizens of the national capital,” she stated. Gupta warned slum dwellers against being misled by the AAP, claiming that during their tenure, they only viewed slum residents as vote banks and promoted alcohol in these areas. “Now that the current government is implementing development schemes for slum communities, they are attempting…

IndustryLatest Stories

Founder of Data for India Buys Vasant Vihar Plot for ₹113 Crore

Representative image created by AI Akhil Wable, the founder of DataforIndia, has purchased a 1,280-square yard plot in Vasant Vihar for Rs 113 crore from Eleannt Enterprises. The South Delhi-based real estate firm acquired the plot for Rs 95 crore earlier this year and paid Rs 6.65 crore in stamp duty. However, sources indicate that local authorities are denying permission for construction due to the plot’s proximity to the ridge area. In May, RealtyDailyNews reported that Eleannt Enterprises had executed one of South Delhi’s most expensive land deals. “South Delhi demonstrates a strong demand for real estate. Limited inventory from…

IndustryLatest Stories

Elan Group Repays ₹875 Crore to Asia Pragati Early

Representative image created by AI NEW DELHI: The Elan Group has completed an early repayment of its ₹875 crore loan from Asia Pragati Strategic Investment Fund, a division of PAG. The investment, made in 2022, was allocated towards growth capital for the company. This move to reduce debt is anticipated to decrease interest obligations, enhance liquidity, and provide opportunities for future project investment and land acquisitions. The Elan Group’s portfolio includes 15 projects across Gurugram and New Delhi, totaling around 25 million sq ft in built-up area. Published On Jul 25, 2025 at 04:00 PM IST Join over 2M industry…

Latest StoriesRegulatory

Delhi HC requests government response on alleged illegal construction

NEW DELHI: On Wednesday, the Delhi High Court requested responses from the Delhi government, MCD, and DDA regarding a petition calling for a ban on unauthorized constructions in various parts of the national capital, particularly Jaitpur extension and Badarpur. A bench headed by Chief Justice D K Upadhyaya and Justice Tushar Rao Gedela issued a notice to the respondents, instructing them to provide a response by July 30. The court was reviewing claims that illegal constructions were responsible for accidents, including building collapses, and endangering local lives. The petition asserted that unauthorized constructions in Jaitpur extension-II had obstructed residents from…

IndustryLatest Stories

Ashiana Housing Q1 FY26 Sales Surge 83% to ₹431 Crore

Certainly! Here’s a rewritten version of your content: NEW DELHI: Ashiana Housing Ltd reported an impressive 83% increase in sales bookings, reaching Rs 430.97 crore in the first quarter of the fiscal year, driven by heightened demand. In the same period last year, the company had sales bookings of Rs 235.32 crore, according to a recent regulatory filing. The firm’s sales volume during the April-June quarter amounted to 5.95 lakh square feet, compared to 4.42 lakh square feet in the previous year’s corresponding quarter. Based in Delhi, Ashiana Housing is one of India’s leading real estate developers, having recorded total…

CommercialLatest Stories

PwC India Launches Sixth NCR Office in Gurugram

NEW DELHI: Consulting firm PwC India has launched a new office in Gurugram, spanning 125,000 square feet as part of its expansion initiative. In a recent announcement, PwC India revealed the opening of its new office in ‘DLF Downtown 4’, making it the sixth office in the NCR region. This new location boosts PwC India’s total capacity in the Delhi-NCR area to nearly 8,000 personnel. With a workforce of about 30,000 across 20 cities, PwC India continues to grow. Sanjeev Krishan, the Chairperson of PwC in India, stated, “The launch of our sixth office in the NCR signifies the ongoing…

InfrastructureLatest Stories

Rooftop Illegal Constructions Threaten Chandni Chowk Safety

File Photo NEW DELHI: Illegal construction has surged in Chandni Chowk and surrounding areas of the Walled City, further complicating the already crowded streets. Many properties are being converted into multi-storey buildings that exceed height limits and reportedly violate regulations, leading to administrative chaos and increasing the potential for structural accidents. On July 18, the Supreme Court addressed the issue, ordering the sealing of unauthorized constructions in Chandni Chowk and the arrest of those responsible for the violations. The court criticized civic authorities for failing to protect a heritage area from illegal development. The municipal corporation is currently reviewing the…

Latest StoriesRegulatory

SC Approves CBI to Register 22 Cases in NCR Builders-Banks Nexus

NEW DELHI: On Tuesday, the Supreme Court permitted the CBI to file 22 cases regarding the “unholy nexus” between banks and developers accused of deceiving homebuyers in the NCR. A bench led by Justices Surya Kant and N. Kotiswar Singh authorized the CBI to transition six preliminary inquiries against various builders and banks into 22 formal cases, similar to FIRs, for further investigation. Entities under scrutiny include builders in NCR and development authorities in Uttar Pradesh and Haryana. According to the subvention scheme, banks disburse approved amounts directly to builders, who must pay EMIs on these loans until they deliver…

IndustryLatest Stories

MCD Hosts 2,333 Property Tax Camps for Amnesty Scheme Benefits

NEW DELHI: The Municipal Corporation of Delhi has set up 2,333 property tax camps across 12 zones to encourage tax compliance and offer relief to property owners, as stated by Mayor Sardar Raja Iqbal Singh on Monday. To date, 59,411 taxpayers have benefited from this initiative, resulting in a collection of ₹145.19 crore, according to Singh. This initiative targets helping taxpayers access the Property Tax Amnesty Scheme 2025-26, dubbed Sumpattikar Niptaan Yojana (SUNIYO), with participation exceeding 56,000 taxpayers, the mayor reported. “Given the positive response to the SUNIYO scheme, additional property tax camps will be organized in the coming days…