Tag: Delhi-NCR

IndustryLatest Stories

DDA to Reclaim 123 Disputed Land Plots in South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) has announced the re-acquisition of 123 land parcels in various south Delhi villages, responding to recent Supreme Court directives regarding land acquisition disputes. This action aims to protect potential buyers from purchasing sites currently under litigation. The notice from DDA’s land management department indicates that this re-acquisition aligns with Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. “The Supreme Court has rendered several judgments concerning land acquisition, particularly focusing on the applicability of Section 24(2) in matters involving DDA and…

IndustryLatest Stories

Centre urges unified urban planning, expanded credit for housing needs

File Photo NEW DELHI: On Friday, Union Housing and Urban Affairs Minister Manohar Lal stressed the necessity for cooperation among policymakers, financial institutions, and urban planners to improve accessibility and inclusivity in housing finance, especially with the anticipated surge in India’s urban population. During a conference organized by the National Housing Bank (NHB) and the Asia Pacific Union for Housing Finance (APUHF), the minister underscored the importance of integrated urban planning, which includes developing housing linked to transportation and innovative policies to meet future demand. Citing a joint study conducted by NITI Aayog and the Ministry of Housing and Urban…

IndustryLatest Stories

Civil Aviation Ministry Reviewing Height Norm Relaxation for Real Estate

NEW DELHI: The civil aviation ministry is conducting an analysis on potential adjustments to height restrictions for real estate developments, with the aim of facilitating quicker vertical growth in urban areas where land is limited, Minister Kinjarapu Ram Mohan Naidu announced on Friday. He stated, “The Indian real estate market is projected to reach USD 1 trillion by 2030, driven by structural reforms, enhanced transparency, and increased investor confidence. It has the capacity to grow to USD 5-7 trillion by 2047.” Naidu was addressing attendees at the National Urban and Real Estate Development Conclave-2026 held in New Delhi. He highlighted…

InfrastructureLatest Stories

DDA Issues Notice to Reclaim 123 Disputed Land Plots in South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) has announced its intention to re-acquire 123 land parcels in various south Delhi villages, following recent Supreme Court directives related to multiple land acquisition cases. Officials indicated that this measure aims to prevent buyers from inadvertently purchasing land that is currently under legal dispute. The public notice, issued by the DDA’s land management department, specifies that this re-acquisition process adheres to Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. According to the notice, “The Supreme Court has issued judgments in…

InfrastructureLatest Stories

Delhi Approves Metro Phase V Following Centre’s Approval

NEW DELHI: The Delhi government has made a significant advancement in metro expansion plans by approving Phase V(A) of the Delhi Metro project, which includes a critical corridor connecting to the Central Vista, after receiving the necessary clearance from the Centre. Chief Minister Rekha Gupta announced that the estimated cost of Phase V(A) is Rs 12,014.91 crore, which will bolster public transport infrastructure in the national capital, with the Delhi government contributing Rs 2,940.46 crore towards this cost. The decision was made during a Cabinet meeting led by the Chief Minister, aimed at enhancing and modernizing the public transport system…

Latest StoriesResidential

Maharaja of Tehri to Sell 3.2 Acres in Delhi for ₹1,000 Cr

Representative Image NEW DELHI: Another significant bungalow deal of around ₹1,000 crore is on the horizon in the national capital, as Maharaja Manujendra Shah of Tehri Garhwal plans to sell his property on Bhagwan Das Road to a local entrepreneur noted for his substantial footprint in the food and beverage sector, according to sources familiar with the situation. The 3.2-acre bungalow marks the second acquisition for the businessman, who has also secured an agreement to purchase the first official residence of former Prime Minister Jawaharlal Nehru on Motilal Nehru Road in Lutyens’ Bungalow Zone (LBZ) for over ₹1,100 crore. As…

IndustryLatest Stories

Ashiana Housing Q3 FY26 Net Profit at ₹56.65 Crore

NEW DELHI: Ashiana Housing has reported a net consolidated profit after tax of ₹56.65 crore for the quarter ending December 31, 2025, according to a BSE filing. This is a significant increase from the profit after tax of ₹10.85 crore recorded in the same quarter of the previous fiscal year. The company’s net consolidated total income for Q3 FY26 was ₹373.35 crore, compared to ₹139.93 crore in the corresponding quarter last year. As of December 31, 2025, the company’s net worth was ₹847.30 crore, with a debt-equity ratio of 0.38. The current liability ratio stood at 0.88, while the total…

Latest StoriesRegulatory

NGT Alerts MCD Over ‘Unauthorized’ Yamuna Floodplain Construction

NEW DELHI: The National Green Tribunal (NGT) has requested responses from the Municipal Corporation of Delhi (MCD), Delhi Development Authority (DDA), and others regarding a petition that claims unauthorized construction on the floodplain of the Yamuna River. The tribunal was addressing a letter petition from a Wazirabad village resident, who alleges that a multi-storeyed building is being constructed in the Majnu ka Tila area on the floodplain. A bench led by NGT Chairperson Justice Prakash Shrivastava and expert member A Senthil Vel stated in an order dated February 5 that the petition raises “significant issues” concerning adherence to environmental regulations.…

Latest StoriesResidential

Delhi slum dwellers hope for better housing as 18,000 flats revamp.

NEW DELHI: Residents in ‘jhuggi-jhopri’ (JJ) clusters are set to benefit from improved living conditions as the Delhi government partners with the National Buildings Construction Corporation Limited (NBCC) to refurbish approximately 18,000 flats and upgrade civic infrastructure across multiple clusters. An official from the Delhi Urban Shelter Improvement Board (DUSIB) stated that both DUSIB and NBCC will commence repair and refurbishment works for the dilapidated flats plagued by poor maintenance, structural damage, and insufficient facilities. “The focus will be on renovating existing flats and enhancing basic infrastructure within the clusters. About 18,000 flats have been earmarked for repairs,” the official…

IndustryLatest Stories

Max Estates Reports Notable Profit Decline in Q3 FY26

NEW DELHI: Max Estates has announced a net consolidated profit after tax of ₹2.53 lakh for the quarter ending December 31, 2025, according to a BSE filing. In the same quarter last year, the profit after tax was ₹15.81 crore. The company’s net consolidated total income for Q3 FY26 was ₹71.44 crore, marking a decrease of 0.63% from ₹71.89 crore recorded in the same period the previous year. The board of directors has approved the appointment of Arihant Kothari as Chief Investment Officer – Capital Strategy, effective February 6, 2026. They also approved the issuance of 14,442 equity shares with…