Tag: Delhi-NCR

Latest StoriesRegulatory

NBW Issued for Deluris Buildtech’s MD in Compensation Case

Representative AI image GURUGRAM: The District Consumer Disputes Redressal Commission-VI in New Delhi has issued non-bailable warrants against Deluris Buildtech India’s Managing Director, Vipul Sachdeva, and Director, Ajay Bharti, for failing to comply with its orders related to homebuyer grievances. The warrants stemmed from separate execution proceedings concerning complaints lodged by homebuyers Archana Mehra and Amit Rana regarding the Zara Rossa project in Gurgaon’s Sector 112. The commission highlighted that the developer did not heed its prior directives despite receiving notice. Homebuyers claimed that Deluris Buildtech failed to deliver possession of their apartments in a timely manner and sought damages…

IndustryLatest Stories

Delhi approves transplant of 1,049 trees for housing project

Representative AI image NEW DELHI: The Delhi forest department has approved the transfer of 1,049 trees and authorized the removal of 42 trees to facilitate redevelopment at the General Pool Residential Accommodation (GPRA) colony in Sarojini Nagar, as per an official document. Environment activists have expressed concerns regarding this decision, questioning the survival rate of the transplanted trees and highlighting the risks associated with the loss of tree cover, which could increase climate vulnerability. The order, issued on June 19, cites permission granted under Section 9 of the Delhi Preservation of Trees Act, 1994, following evaluations of the proposal and…

Latest StoriesResidential

Housing Affordability Stable in 6 of 8 Cities: H1 2026 Report

NEW DELHI: A report by Knight Frank India reveals that housing affordability remained stable across most major residential markets in H1 2026, bolstered by lower borrowing costs. Among the eight cities analyzed, six stayed within the affordability threshold, while the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) surpassed the 50% benchmark. Ahmedabad emerged as the most affordable housing market among the top cities with an affordability ratio of 23%, followed by Kolkata at 25% and Pune at 28%. Bengaluru and NCR saw a slight decline in affordability compared to 2025, recording ratios of 35% and 65%, respectively.…

Latest StoriesResidential

Kreeva to invest ₹1,050 crore in South Delhi housing project

NEW DELHI: Kreeva, the real estate initiative of Kanodia Group, intends to invest over ₹1,050 crore in a high-end residential project located near New Friends Colony in South Delhi. This venture is supported by a ₹260 crore investment from ASK Property Fund, which is the real estate investment division of ASK Asset & Wealth Management Group. The development will be situated on a parcel of land in South Delhi that was acquired for around ₹350 crore, with construction slated to commence by the end of August 2026. Spanning nearly five lakh sq ft, the project will feature 114 luxury skyvilla…

Latest StoriesRegulatory

Delhi HC directs MCD on removing iron grilles in buildings

NEW DELHI: The Delhi High Court ruled Wednesday that it cannot issue orders on an “omnibus” plea concerning hazardous cage-like iron grille enclosures and illegal projections in residential buildings. These structures reportedly hinder evacuation and rescue efforts during emergencies. Chief Justice DK Upadhyaya and Justice Tejas Karia stated, “It’s akin to asking for the eradication of poverty in India. Such broad requests are beyond our scope; the petition needs to provide specific instances.” The court directed the MCD commissioner to make an informed decision regarding a pending representation from the same petitioner. Petitioner Ashish Jain highlighted that frequent residential fire…

Latest StoriesResidential

Deadline to Apply for Ownership in Delhi’s Unauthorised Colonies: Oct 31

NEW DELHI: The Delhi government has set October 31 as the deadline for filing applications for conveyance deeds and authorization slips necessary for property registry in unauthorized colonies. Officials have stated that no new applications will be accepted after this date. Recently, the revenue department reported only about 2,000 applications from residents of 1,511 unauthorized colonies seeking these documents. A public notice issued on Wednesday indicated that under the PM-UDAY Scheme (Pradhan Mantri Unauthorised Colonies Awas Adhikar Yojana), the cut-off for application submissions is October 31, 2026. Conveyance deeds are granted for developed properties on government land, while authorization slips…

Latest StoriesRegulatory

Delhi Extends Property Tax Rebate Deadline to July 31

NEW DELHI: The Municipal Corporation of Delhi (MCD) has extended the deadline for property owners to secure a 10% rebate on the lump-sum payment of property tax for the fiscal year 2026-27 until July 31, officials announced on Tuesday. Delhi Mayor Pravesh Wahi stated that the extension aims to benefit more taxpayers, particularly those who were unable to pay their property tax by the original deadline. Initially, the rebate was available for payments made by June 30. Wahi emphasized that this decision is designed to ease the tax payment process for residents and promote timely payments of property taxes. “This…

IndustryLatest Stories

Institutional Investments in Indian Real Estate Jump 37% to $1.7B

NEW DELHI: Institutional investments in Indian real estate surged 37% year-over-year to $1.7 billion in Q1 2026, primarily driven by the acquisition of core income-generating assets, as noted in a recent report by Equirus Capital. The report highlights that ongoing activity in private equity investments, mergers and acquisitions, and capital market transactions showcases investors’ preference for quality real estate platforms amidst global economic uncertainties. Strong institutional participation was observed in premium residential developments, Grade-A commercial properties, integrated mixed-use projects, and infrastructure-led growth corridors. Delhi-NCR stood out as a significant real estate investment hub, buoyed by demand for premium housing, commercial…

Latest StoriesResidential

NCR Housing Launches Dip 40% in Q2 2026; Sales Down 6%

NEW DELHI: In Q2 2026, the National Capital Region (NCR) saw housing sales surpass new launches, even as fresh supply sharply declined, as per Anarock Research. The quarter recorded 11,205 new residential launches, which is a 40% decline from 18,760 units in Q2 2025. Meanwhile, housing sales decreased by 6% year-on-year, totaling 13,365 units compared to 14,255 the previous year. Available inventory in NCR remained relatively stable at 89,086 units at the end of Q2 2026, slightly up from 89,005 units a year prior. Anarock noted that NCR was the only market among the top seven cities that maintained a…

CommercialLatest Stories

Delhi Builder Abandons Decades-Long Commercial Project

Representative AI image NEW DELHI: After more than thirty years of failing to construct and deliver promised commercial units in Plaza-4 of the Central Square Complex at Bara Hindu Rao, the builder has notified Delhi RERA that it is unable to complete the project and has effectively “abandoned” it due to a lack of sanctioned building plans. According to a Delhi RERA order dated May 12, recently uploaded to its website, the attorney for Purearth Infrastructure Ltd stated this during a hearing involving complaints from three buyers. The builder’s counsel indicated their willingness to refund allottees as per the RERA…