Tag: Delhi-NCR

Latest StoriesRegulatory

Delhi Court Allows AVUT to Assist in Sushil Ansal Case

Representational image NEW DELHI: A Delhi court has permitted the Association of the Victims of the Uphaar Tragedy (AVUT) to aid the prosecution in a fraud case against businessman Sushil Ansal. Ansal was found guilty in the 1997 Uphaar cinema fire incident that resulted in the deaths of 59 individuals. The chairperson of AVUT, Neelam Krishnamoorthy, submitted a request to assist the prosecution, citing specific concerns regarding the investigation and the chargesheet. In 2019, the Delhi Police’s crime branch charged Ansal under Section 12 of the Passport Act for allegedly obtaining a passport while concealing information about his nationality. Additionally,…

Latest StoriesResidential

DDA Starts Rent Payments for Signature View Residents

NEW DELHI: The Delhi Development Authority (DDA) is preparing to initiate rent payments for residents of Signature View Apartments, many of whom have left their units after they were deemed structurally unsafe. Amrendra Singh Rakesh, president of the apartment’s Resident Welfare Association (RWA), stated on Tuesday: “We have received the rent agreement set to be signed between the flat owners and the DDA. The authority will provide rent payments from January to July this year, and continue until demolition and reconstruction are completed.” In a prior high-level meeting led by Lt Governor VK Saxena, the DDA confirmed that rent assistance…

InfrastructureLatest Stories

Delhi CM presents CAG audit on construction workers’ welfare

Representative image created by AI NEW DELHI: On Monday, Delhi Chief Minister Rekha Gupta presented a CAG audit report in the Assembly that uncovered irregularities in the registration of construction workers. The report indicated insufficient spending on their welfare, even though the state government had more than ₹3,500 crore available from 2019 to 2023. The Comptroller and Auditor General (CAG) of India’s report on ‘Welfare of Building and Other Construction Workers’ (BOCW) examined the preceding four years under the previous Aam Aadmi Party (AAP) government. The report found that the Delhi government lacked reliable data on the number of BOCWs,…

CommercialLatest Stories

India’s Office Market to Surpass 1 Billion Sq Ft: Report

NEW DELHI: A recent report by Knight Frank India indicates that India’s total office stock will exceed one billion square feet by Q3 2025. The report reveals that the cumulative office space in the top eight Indian cities was 993 million sq ft as of H1 2025. From less than 200 million sq ft in 2005, the office supply has experienced a compound annual growth rate (CAGR) of 8.6%, approaching one billion sq ft by 2025. Bengaluru currently leads with 229 million sq ft, representing 23% of India’s total office stock. It is followed by the National Capital Region (NCR)…

Latest StoriesResidential

Anand Automotive Purchases Delhi Bungalow for ₹195 Crore

Representative image created by AI Auto component manufacturer Anand Automotive has acquired a 1,550 square yard bungalow in the prestigious Kautilya Marg area of New Delhi for ₹195 crore, marking one of the highest-value property transactions this year. The total transaction, including ₹13.65 crore for stamp duty, amounts to nearly ₹210 crore. The Anand Group did not respond to an email inquiry, and CBRE, the transaction advisor, was unavailable for comment. Experts indicate that Kautilya Marg is favored by high-net-worth individuals due to fewer construction restrictions compared to Lutyens Delhi. In recent transactions, Anurag Jain, managing director of Endurance Technologies,…

Latest StoriesResidential

Delhi to Revise Policy, Approach Court for Slum Dwellers’ Rights

NEW DELHI: Chief Minister Rekha Gupta declared on Friday that no slum residents in Delhi will face harassment. She emphasized that her government is prepared to amend existing policies and may even seek court intervention to safeguard their housing rights. Gupta urged all governmental bodies, including the Indian Railways and the Delhi Development Authority (DDA), to avoid demolishing jhuggi-jhopri (JJ) clusters within the city. She stated that adjustments to the slum policy could occur if necessary to protect the inhabitants’ rights. The government plans to renovate 50,000 old houses constructed under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme,…

IndustryLatest Stories

Delhi CM calls for builders to adopt public-private partnerships

NEW DELHI: Chief Minister Rekha Gupta has assured the real estate sector that the government will require two years to address the capital’s developmental backlog from the past decade. “We encourage industry members and developers to present PPP models for the creation of state-of-the-art hospitals, schools, shopping malls, and infrastructure, with the government providing full policy and financial support,” stated Gupta. Speaking at the National Real Estate Development Council (NAREDCO) conference, which announced its 17th national convention scheduled for August 29–30, 2025, in New Delhi, she emphasized, “Our vision is to transform all slums in Delhi into permanent housing. We…

Latest StoriesRegulatory

CBI Files 22 FIRs on SC’s Order to Probe Builders-Banks Nexus

NEW DELHI: Following the Supreme Court’s orders, the CBI has filed 22 FIRs to investigate the alleged collusion between builders and banks, which has reportedly defrauded homebuyers in the NCR region, officials announced on Wednesday. The agency executed searches across 47 locations in Delhi and NCR after filing the FIRs, a spokesperson for the CBI confirmed. Entities like Jaypee Sports International Ltd, Jaiprakash Associates Ltd, Ajnara India Ltd, Vatika Ltd, Jaypee Infratech Ltd, Supertech, and Idea Builders are among those specifically mentioned in the various FIRs. The investigation also names several financial institutions, including State Bank of India, Indiabulls Housing…

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…