Tag: Delhi-NCR

IndustryLatest Stories

Omaxe Reports ₹153.20 Crore Net Loss in Q3 FY26

NEW DELHI: Omaxe reported a consolidated net loss after tax of ₹153.20 crore for the quarter ending December 31, 2025, as stated in a BSE filing. In comparison, the company had a loss after tax of ₹150.28 crore during the same quarter of the previous fiscal year. The net consolidated total income for Q3 FY26 was ₹319.03 crore, reflecting an increase of 6.21% from ₹300.39 crore recorded in the corresponding quarter the previous year. In the quarter ending December 31, 2025, Omaxe acquired two companies, Next10 Realbuild and Next10 Land Developers, each having 10,000 equity shares of ₹10, totaling ₹1…

IndustryLatest Stories

TREVOC, Canonicus Launch ₹500-Cr Fund for Stalled NCR Housing

NEW DELHI: TREVOC Group has joined forces with Canonicus Capital to establish a ₹500-crore funding and execution platform. This initiative aims to complete nearly finished residential projects in the National Capital Region (NCR). The platform will start by deploying up to ₹125 crore, courtesy of Canonicus Capital in the initial phase, with ambitions to expand the fund to ₹500 crore in the coming years based on project needs. The focus will be on projects that are struggling due to last-mile funding shortages and execution delays, an issue that continues to burden NCR’s residential market, even with improved demand in recent…

Latest StoriesRegulatory

Survey Nearby Buildings of Heritage Sites: Delhi HC

NEW DELHI: The Delhi High Court has instructed authorities to undertake a thorough survey of all buildings situated near the city’s heritage sites to ensure compliance with established regulations. A bench comprising Chief Justice DK Upadhyaya and Justice Tejas Karia recently directed the Municipal Corporation of Delhi (MCD) to conduct this survey while addressing several petitions highlighting potential violations surrounding heritage structures throughout the capital. The court acknowledged that the petitions raised significant issues regarding the preservation of the character and integrity of heritage properties. It pointed out that construction activities near these sites can often alter their visual and…

IndustryLatest Stories

Delhi’s property tax amnesty scheme extended to Feb 28

NEW DELHI: The Municipal Corporation of Delhi announced on Monday that it has extended its property tax amnesty program, ‘SUNIYO,’ until February 28, 2026. Officials have encouraged property owners throughout the capital to step forward and clear their outstanding dues, as the late fee will remain unchanged at 5%. Under the Sumpattikar Niptaan Yojana (SUNIYO), taxpayers can receive a complete waiver of property tax, interest, and penalties for all years before 2020-21, provided they pay the principal tax for the current fiscal year (2025-26) and the previous five years. Delhi Mayor Raja Iqbal Singh described this as a golden opportunity,…

IndustryLatest Stories

Eldeco Infrastructure Wins SEBI Approval for IPO

NEW DELHI: Eight companies, including real estate firm Eldeco Infrastructure and Properties and Associated Power Structures, have received approval from Sebi to raise funds via initial public offerings (IPO), as reported by the market regulator on Friday. Other companies that gained regulatory consent include HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd. The eight firms filed their preliminary IPO applications with Sebi between September and October, obtaining the regulator’s observations from January 28 to 30. In regulatory terms, this observation signifies clearance to proceed with a public issue. Eldeco Infrastructure and…

IndustryLatest Stories

Godrej Properties buys 8.5-acre land in Mahalunge, Pune

Representative Image NEW DELHI: Godrej Properties (GPL) has successfully acquired an 8.5-acre land parcel through outright purchase in Mahalunge, Pune. The proposed project will primarily feature group housing, with an estimated development potential of around 2.1 million square feet, translating to a revenue potential of ₹2,000 crore. Gaurav Pandey, Managing Director & CEO of the company, stated, “This land acquisition is a significant milestone in our strategy to strengthen our footprint in Pune and expand across high-potential micro-markets in India’s leading cities.” Additionally, the company announced it will be handing over homes across nearly 10 projects in the National Capital…

Latest StoriesRegulatory

Delhi: FIR Filed for ₹200 Crore Property Fraud in South Extension

NEW DELHI: The Delhi Police have filed an FIR against a businessman for alleged forgery, cheating, and conspiracy related to a fraudulent sale of a prime property located in South Extension, valued between Rs 150-200 crore, according to an official statement on Tuesday. As per the FIR lodged on January 22, the complainant, Dhruv Jalan, a businessman and resident of Gurugram, claims the property in question—a plot exceeding 2,292 square yards in South Extension Part-I—was originally allotted to his grandfather, Amar Chand Jalan, in 1958. Jalan asserts that he became the sole owner of the property through a will in…

IndustryLatest Stories

Delhi Villages Demand Relief from House Tax, Urban Rules

NEW DELHI: A combined delegation from the Delhi Panchayat Sangh and Palam 360 Village Khap met with MCD Standing Committee Chairperson Satya Sharma on Tuesday, requesting the repeal of house tax and other urban regulations affecting villages in the national capital, as stated in their announcement. The delegation submitted a memorandum advocating for the exemption of all Delhi villages from house tax, conversion charges, parking fees, and other municipal taxes. They argued that these fees impose an unfair financial burden on rural residents whose livelihoods and living conditions significantly differ from those in urban settings. The group emphasized that villagers…

InfrastructureLatest Stories

Delhi Government Aiming to Boost Slum Residents’ Living Standards

NEW DELHI: On Republic Day, Delhi Chief Minister Rekha Gupta hosted a lunch for slum residents at her residence, ‘Jan Sewa Sadan,’ and inaugurated development projects worth ₹327 crore in Jhuggi Jhopri (JJ) clusters. During the event, she reaffirmed her government’s dedication to the development of these areas, announcing an allocation of ₹144 crore for various initiatives. The Delhi government has granted administrative approval of ₹225 crore for the construction of 476 public convenience complexes, with ₹81 crore already issued for 214 projects, according to a statement from the Chief Minister’s Office (CMO). Additionally, administrative approval of ₹102 crore has…

Latest StoriesResidential

Nagrik Awas Yojana 2026: Buyers Claim Karamyogi Flats Overpriced

NEW DELHI: The Delhi Development Authority (DDA) launched the Nagrik Awas Yojana 2026 on Friday, offering over 1,712 flats in HIG, MIG, LIG, and EWS categories across Narela and Siraspur, with a flat 25% discount applicable to all units. This new initiative, however, sparked frustration among applicants of the Karamyogi Awas Yojana, which had been introduced on December 19 specifically for government employees, and also provided a 25% discount. Applicants of the Karamyogi scheme claimed that the flats offered under Nagrik Awas Yojana were nearly ₹10 lakh less expensive than those available under their scheme, despite being situated in the…