Tag: Delhi-NCR

Latest StoriesResidential

Delhi: Apex Residents’ Body Calls for Fire Safety SOP Roundtable

NEW DELHI: The umbrella organization representing resident welfare associations in Delhi called on the Delhi government on Monday to organize a roundtable meeting with civic bodies, power distribution companies, police, and RWAs to devise a standard operating procedure (SOP) for fire safety in residential buildings. Atul Goyal, president of the United Residents Joint Action (URJA), highlighted the tragic fire incident in East Delhi’s Vivek Vihar that claimed nine lives on May 3, stating it revealed that “neither government agencies nor individual residents have learned from previous disasters.” Goyal pointed out several issues, such as the lack of a fire safety…

Latest StoriesResidential

Delhi’s Small Residential Buildings: No More Physical Inspections for Regularisation

NEW DELHI: The Municipal Corporation of Delhi (MCD) has eliminated the requirement for mandatory physical inspections for the regularization of residential buildings up to 105 square meters, officials announced on Wednesday. According to an official statement, this decision aims to simplify the building regularization process and mitigate delays in resolving pending cases. Under the updated system, property owners will no longer require a physical inspection by an engineer for regularization approval. Instead, applicants can submit a certified undertaking by an authorized architect along with an online fee. “This decision was made to reduce procedural obstacles and enhance citizen-friendliness in civic…

IndustryLatest Stories

NBCC India’s FY26 net profit up 33.19% to ₹742.44 crore

NEW DELHI: NBCC (India) has announced a net consolidated profit increase of 33.19% for the financial year 2025-26. The profit after tax reached ₹742.44 crore in FY26, up from ₹557.42 crore in FY25, according to the company’s BSE filing. The total net consolidated income for FY26 was ₹13,195.88 crore, a rise of 7.52% compared to ₹12,272.99 crore in FY25. In Q4 FY26, the net consolidated income saw a slight decline of 1.75%, amounting to ₹4,618.59 crore, down from ₹4,700.86 crore in the same quarter last year. However, profit after tax surged by 38.79%, hitting ₹253.51 crore compared to ₹182.66 crore…

IndustryLatest Stories

Delhi to Revamp Property Registration, Modernize Offices: CM

NEW DELHI: The Delhi government is gearing up for a comprehensive transformation of the property registration system in the capital. The initiative aims to modernize Sub-Registrar offices, enhancing transparency and making them more citizen-friendly by reducing delays, corruption, and reliance on agents. On Saturday, Chief Minister Rekha Gupta instructed officials to implement significant reforms across all Sub-Registrar offices to ensure that citizens can register properties smoothly, without unnecessary obstacles. The government’s objective is to turn these offices into effective service centers providing timely and hassle-free services. Recently, the Chief Minister held a high-level meeting with senior officials to discuss the…

InfrastructureLatest Stories

DMRC Aims for December Launch of Phase-IV and Phase-V Plans

Representative Image NEW DELHI: Three new Metro corridors are set to launch in the national capital by the end of this year, according to Delhi Metro Managing Director Vikas Kumar. The upcoming corridors are the Janakpuri West-RK Ashram Marg extension of the Magenta Line, the Aerocity-Tughlakabad corridor, and the Majlis Park-Maujpur extension of the Pink Line. In a PTI interview, Kumar stated that these corridors are part of Phase 4, which is expected to be commissioned by December. Kumar further noted that three additional corridors under Phase 4 have received recent approval, expanding the project’s scope. These include the Inderlok-Indraprastha…

Latest StoriesResidential

Delhi body selects TOD sites to promote affordable housing

Representative image NEW DELHI: The Delhi Development Authority (DDA) has identified 14 land parcels along metro corridors aimed at developing residential and mixed-use spaces to enhance affordable housing in the city, reducing outward migration to NCR towns. The identified plots, totaling over 3.6 lakh square meters, align with the recently introduced Transit-Oriented Development (TOD) policy and are positioned along the Blue, Red, Green, Pink, and Yellow metro lines. East Delhi features six sites—Dilshad Garden, Jhilmil, Preet Vihar, Karkardooma, and Mandawali/Fazalpur—while three sites are located in Dwarka. Additional plots can be found in Rohini, Madipur, Peeragarhi, and Rohtak Road. Most of…

IndustryLatest Stories

Omaxe’s FY26 Net Loss Increases to ₹696.80 Crore

NEW DELHI: Omaxe has reported a net consolidated loss after tax amounting to ₹696.80 crore for the financial year 2025-26, compared to a loss of ₹685.40 crore in FY25, as noted in a BSE filing. The company’s total net consolidated income for FY26 was ₹1,339.74 crore, reflecting an 18.16% decline from ₹1,636.97 crore in FY25. In Q4 FY26, net consolidated total income saw a significant dip of 31.95%, coming to ₹376.31 crore, down from ₹553.03 crore in the same quarter last year. For Q4 FY26, Omaxe recorded a loss after tax of ₹191.42 crore, compared to a loss of ₹148.67…

CommercialLatest Stories

Grade-A Office Absorption Up 5% to 13.5M Sq Ft in Q1 2026

NEW DELHI: In Q1 2026, net absorption of grade-A office space in India’s top seven cities reached 13.5 million sq ft, reflecting a 5% increase from 12.9 million sq ft in the same period last year, as reported by Anarock Research & Advisory. Bengaluru led the way with a remarkable net absorption of 4.77 million sq ft, a 67% rise compared to 2.85 million sq ft in Q1 2025. Hyderabad followed closely with 2.95 million sq ft, marking a 64% year-on-year increase, while Chennai saw an absorption of 1.05 million sq ft, a 50% uplift. Kolkata also experienced growth, recording…

InfrastructureLatest Stories

NDMC Offers 50% Parking Rebate for EVs in Lutyens’ Delhi

NEW DELHI: On Thursday, the NDMC announced a 50% discount on parking fees for electric vehicles and will begin shuttle bus services for employees from four residential areas starting May 15, aimed at promoting green transportation. These decisions were made during a meeting led by NDMC Vice Chairman Kuljeet Singh Chahal at Palika Kendra, aligning with Prime Minister Narendra Modi’s vision for sustainable development and environmental protection amidst the ongoing crisis in West Asia affecting fuel supply. Chahal stated that the New Delhi Municipal Council will implement a 50% parking fee rebate for electric vehicles starting Monday. “In addition, NDMC…

IndustryLatest Stories

DLF Plans ₹20,000 Crore Housing Sale by FY27: MD

NEW DELHI: DLF Ltd, India’s largest real estate firm, aims for sales bookings of ₹20,000 crore in the current fiscal year, maintaining a target similar to that of 2025-26, driven by a robust launch pipeline for residential projects in Gurugram, Mumbai, and Goa, as stated by Managing Director Ashok Kumar Tyagi on Thursday. In a webcast for market analysts, Tyagi emphasized the strong performance of both the company’s housing and commercial segments and expressed confidence in their future growth. Regarding the sales bookings target for the 2026-27 fiscal, he reaffirmed an annual goal of ₹20,000 crore. Of this, approximately ₹14,000-15,000…