Tag: Delhi-NCR

CommercialLatest Stories

NCR Office Space Net Leasing Falls 60% to 1.5M Sq Ft: JLL

NEW DELHI: The office market in Delhi-NCR experienced a downturn in the first quarter of the year, with net workspace leasing plummeting by 60%, reaching 1.5 million square feet, primarily due to a decline in new supply, according to JLL India. Data from real estate consultant JLL India indicates that gross leasing of office spaces in Delhi-NCR fell 28% from 4.2 million sq ft in the same period last year to 3 million sq ft this year. Net leasing dropped 60% from 3.7 million sq ft to 1.5 million sq ft. Gross leasing includes all lease transactions during the period,…

Latest StoriesResidential

Delhi: 15 Seek Ownership in Unauthorised Colonies; No House Regularisations

NEW DELHI: Following the launch of the SWAGAM portal by the Municipal Corporation of Delhi (MCD) for the regularization of 1,511 unauthorized colonies, officials announced on Friday that 15 residents have applied for ownership rights. However, no applications have been submitted for house regularization through the portal as of yet. Officials clarified that the 15 applications received by Wednesday were for ownership rights via the Delhi government’s Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY) portal. “The data on the portal is real-time. We haven’t received any applications for regularization so far,” an official stated. As per the…

InfrastructureLatest Stories

Delhi Submits Draft Climate Action Plan for Approval

NEW DELHI: The environment department has drafted the Delhi State Action Plan on Climate Change (SPACC) 2.0, which is currently under review by the Union ministry of environment, forests, and climate change. The previous version was implemented in 2019 and relied on data available until 2011. Officials indicated that the new plan integrates updated climate science, recent datasets, and vulnerability assessments at the district level. It outlines targeted sector-specific actions for both mitigation and adaptation through 2030, particularly in light of the increasing frequency of extreme weather events in the city. “The first SAPCC established a foundational climate strategy for…

IndustryLatest Stories

Delhi Development Body Lists 142 Major Plots for Sale

Sure, here’s a revised version of your content: Representative Image NEW DELHI: In an effort to increase revenue from its land disposal segment, the Delhi Development Authority (DDA) is offering over 140 sites and plots for various uses, including residential, industrial, institutional, and commercial purposes, as well as kiosks and food courts like a cafe at Baansera. These properties are available through an e-auction aimed at monetizing vacant land and enhancing annual earnings. The 22 mega e-auction scheme opened registrations on April 22 for plots located in prime areas. The submission of earnest money deposits (EMD) for these plots will…

IndustryLatest Stories

Domestic Investors Make Up 76% of Q1 2026 Real Estate Inflows

Representative AI image NEW DELHI: Domestic institutional investors have maintained their dominance in India’s real estate investment sector during the January–March 2026 quarter, representing the bulk of inflows for the third consecutive quarter, as reported by Cushman & Wakefield. Total institutional investment in the sector reached $1.6 billion in this quarter, reflecting a 26% year-on-year increase. Domestic capital contributed $1.2 billion, or 76% of total inflows, while foreign investment accounted for the remaining $0.4 billion. The report notes a persistent shift in capital allocation, with domestic investors increasing their share of investments in four of the last five quarters. Their…

Latest StoriesResidential

Delhi Police Confirms 12,860 Tenants This Year

Representative AI image NEW DELHI: The Delhi Police have verified 12,860 tenants this year and filed nearly 900 cases against individuals for failing to comply with the mandatory verification requirement. According to police records, 27,497 tenant verification forms were completed in 2025, averaging around 2,291 forms per month. That year, 5,378 cases were registered against individuals who violated tenant verification norms. As of March 31, 2026, 12,860 tenant verification forms have been submitted, resulting in 896 cases filed under Section 223 of the Bharatiya Nyaya Sanhita (BNS) concerning disobedience of lawful orders from a public servant. “On a monthly basis,…

Latest StoriesRegulatory

ED Raids Raheja Developers in Homebuyers’ Fraud Case

NEW DELHI: The Enforcement Directorate carried out new searches on Saturday at the offices of Raheja Developers, as part of an investigation into money laundering connected to the alleged fraud involving home buyers, according to officials. The agency is targeting around seven locations across Delhi-NCR during this enforcement action. This follows an earlier raid in June 2025 involving the company, its promoters, and others in a similar probe. The most recent searches are focused on claims of fraud concerning home buyers and the failure to deliver apartments in the ‘Raheja Revanta’ project, as detailed by the officials. In response, Raheja…

Latest StoriesResidential

Delhi MCD Starts Survey on Residential Premises Misuse

NEW DELHI: In response to directives from the Supreme Court, the Municipal Corporation of Delhi (MCD) has launched a thorough initiative to pinpoint instances of residential properties being misused for non-residential purposes throughout the city. The Supreme Court’s order, issued in early April, involved municipal corporations from all capital cities, including the MCD, and mandated a thorough inquiry within their respective jurisdictions. MCD Commissioner Sanjeev Khirwar has directed all zonal deputy commissioners to conduct a targeted survey aimed at identifying residential areas that are currently being utilized for commercial or other non-residential activities. This survey will encompass all residential colonies,…

Latest StoriesResidential

DDA Awaits CBI Nod to Begin Signature View Demolition

Signature View Apartments NEW DELHI: The redevelopment of the Signature View Apartments is expected to face further delays as the Delhi Development Authority (DDA) is still awaiting clearance from the Central Bureau of Investigation (CBI) to initiate the demolition of the buildings located in Mukherjee Nagar, north Delhi. Designated as structurally unsafe in 2023, the residential complex, built by the DDA, is set for demolition and redevelopment. The CBI is currently investigating allegations of corruption and irregularities related to the construction of these towers and has instructed the DDA to postpone demolition until it gathers necessary evidence from the site.…

Latest StoriesRegulatory

Delhi Court to Charge Three C Shelters Directors in Greenopolis Case

Here’s a rewritten version of the content: — NEW DELHI: A Delhi court has mandated the framing of charges against the directors of Three C Shelters Pvt Ltd concerning the halted Greenopolis housing project in Gurugram. The court determined that there is a prima facie case of cheating, forgery, and criminal conspiracy against them, alleging they misled homebuyers. Additional Sessions Judge Sheetal Chaudhary Pradhan presided over the case against directors Surpreet Singh Suri, Nirmal Singh, and Vidur Bhardwaj, ordering that charges be framed for cheating and criminal conspiracy. In an order dated April 23, the judge stated, “I am of…