Tag: Delhi-NCR

Latest StoriesRera

Delhi REAT Urges RERA to Resolve Builder Registrations in 30 Days

NEW DELHI: Delays in processing registration applications from builders and promoters have raised corruption concerns. Delhi’s real estate tribunal has instructed the Real Estate Regulatory Authority (RERA) to make decisions—either approve or deny—within 30 days of receiving applications. “The clear directive is that the Real Estate Regulatory Authority must address applications within 30 days of receipt, making decisions based on the merits. Protracted delays violate statutory timelines and can lead to accusations of corruption and malpractice, which can be mitigated by adhering to the law,” remarked the Real Estate Appellate Tribunal last week. The tribunal reviewed an appeal from the…

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Anant Raj Q3 FY26 Profit Climbs 31% to ₹144 Crore

NEW DELHI: Realty firm Anant Raj Ltd announced a 31% rise in consolidated net profit to ₹144.23 crore for the December quarter, driven by improved income. The net profit was ₹110.37 crore during the same period last year. The company’s total income increased to ₹660.38 crore in the October-December period, compared to ₹543.97 crore in the corresponding period of the previous year, as per a regulatory filing. Based in Delhi, Anant Raj Ltd is a prominent real estate developer, primarily focusing on residential and data center projects. Published On Jan 22, 2026 at 06:52 AM IST Join the community of…

CommercialLatest Stories

India Accelerator and IREP to invest ₹100 crore in NCR workspaces

Representative Image NEW DELHI: International Real Estate Partners (IREP) has joined forces with India Accelerator to unveil a managed office workspace platform dubbed IREPworkspaces, backed by a ₹100 crore investment over the next 18 months. The initiative is set to establish a presence of nearly nine lakh sq ft across prominent commercial hubs in the National Capital Region (NCR). The initial phase will involve launching 12–15 managed workspace centers in NCR, aiming to create approximately 15,000 seats. The expansion will concentrate on micro-markets such as Golf Course Extension Road, Udyog Vihar, and the Noida Expressway. The company has already secured…

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Delhi to upskill 1.2 lakh registered construction workers

NEW DELHI: The Delhi government has initiated a skill training program for 120,000 construction workers as part of the newly adopted Code of Social Security, aiming to boost their efficiency and job opportunities, officials reported on Monday. The Delhi Building and Other Construction Workers Welfare (DBOCWW) Board is responsible for the welfare of registered workers in the capital. The training is crucial for construction workers, particularly as they represent one of the most vulnerable segments of the labor force, often migrating from various regions, mainly rural areas, to Delhi for work, stated a senior official from the Delhi government. The…

Latest StoriesRegulatory

NGT Issues Notices for Illegal Construction in Rohini Green Belt

Sure! Here’s a rewritten version of the content: NEW DELHI: The National Green Tribunal has issued notices to the Delhi Pollution Control Committee, DDA, and other relevant agencies concerning a complaint about unauthorized construction in a green belt located in Rohini’s Sector 16. The tribunal mandated that the respondents comply with the 2021 Master Plan and the Environment (Protection) Act of 1986, instructing that both preventive and punitive measures be implemented within one month. The NGT is reviewing a petition from activist Varun Gulati, who alleges encroachment and illegal building activities on a designated green area in Block-D, Pocket-1, Sector-16,…

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Lodha Developers Q3 FY26 Net Debt Rises ₹800 Cr to ₹6,170 Cr

NEW DELHI: Lodha Developers Ltd. has reported a 15% rise in net debt, reaching Rs 6,170 crore for the October-December period due to aggressive land acquisitions aimed at business expansion. Lodha Developers, a prominent name in the Indian real estate sector, operates under the Lodha brand. According to the company’s operational update, its net debt was Rs 6,170 crore at the end of Q3 for the fiscal year 2025-26, up from Rs 5,370 crore on September 30, 2025. “Despite substantial investments in business development during the first nine months of this fiscal year, our net debt remains at Rs 61.7…

Latest StoriesRegulatory

Delhi’s Property Tax Collection Hits Record ₹2,700 Crore

NEW DELHI: The Municipal Corporation of Delhi (MCD) has achieved a record property tax collection, exceeding Rs 2,700 crore by December 31 for the 2025-26 financial year. This represents a significant increase of approximately 45% compared to the same period last year, according to officials’ statements made on Saturday. Officials noted that this growth was accompanied by a notable rise in the taxpayer base. The number of registered property taxpayers grew from 10.31 lakh in 2024-25 to 12.43 lakh this year, reflecting an increase of nearly 21%. Civic officials attributed this surge to enhanced taxpayer engagement, stricter enforcement, and favorable…

Latest StoriesResidential

DDA’s Karmayogi Awaas Yojana: 60% Flats Sold in 24 Hours!

NEW DELHI: The DDA Karmayogi Awaas Yojana 2025 has received an impressive response, with 684 flats—about 60% of the total units—sold within the first 24 hours of booking, according to officials on Thursday. This scheme provides a unique opportunity for serving and retired government employees from central and state agencies, public sector undertakings, and other government sectors to secure a flat. The booking process began on January 14, coinciding with Makar Sankranti. “The substantial first-day response is projected to generate around Rs 450 crore in revenue, reflecting increased confidence among homebuyers in DDA’s housing initiatives and emphasizing Narela’s status as…

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M3M, Smartworld, ELIE SAAB Partner on ₹3,500-Crore Housing in NCR

NEW DELHI: M3M India and Smartworld Developers have partnered with ELIE SAAB, a prominent fashion and lifestyle brand, to create two ultra-luxury residential projects in the Delhi-NCR region, totaling an investment of approximately ₹3,500 crore. The projects represent ELIE SAAB’s inaugural entry into the Indian real estate market. M3M India will oversee a luxury housing project in Gurugram, while Smartworld Developers will lead a separate residential development in Noida. In Gurugram, M3M India intends to build around 300 apartments in sector 111, within the Smart City Delhi Airport (SCDA) zone. The project will feature spacious four-bedroom residences with unit sizes…

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Delhi: Signature View Apartments Demolition Delayed for Proof

NEW DELHI: The Delhi Development Authority’s initiative to demolish and reconstruct Signature View Apartments has been temporarily halted despite approvals from the Supreme Court and Delhi High Court. The Central Bureau of Investigation (CBI) is investigating allegations of irregularities and corruption concerning the construction of these towers and has requested the Authority to suspend the demolition until it gathers necessary evidence from the site. Facing tight deadlines while simultaneously paying rent to former tenants, the Authority informed the High Court on Friday about the CBI’s directive and requested judicial intervention. Senior advocate Sanjay Jain, representing the land-owning organization, noted that…