Tag: Delhi-NCR

IndustryLatest Stories

Unitech Nominee Director Uma Shankar Resigns

NEW DELHI: Realty company Unitech Ltd announced on Friday that its nominee director, Uma Shankar, has resigned for personal reasons. According to a regulatory filing, Unitech stated that Shankar, a Non-Executive nominee director, “resigned from the board of the company effective March 7, 2026.” The company expressed regret for the delayed notice of her resignation to the stock exchanges, attributing this to an “unintentional oversight.” The Supreme Court directed the Union government on December 18, 2019, to establish an independent management for Unitech Ltd. In compliance, the Ministry of Corporate Affairs proposed a new board of directors, which the apex…

Latest StoriesResidential

Delhi MCD to Survey Residential Properties for Commercial Use

NEW DELHI: The Municipal Corporation of Delhi has instructed its zonal deputy commissioners to conduct a thorough and time-sensitive survey to identify residential properties being improperly used for commercial or other non-residential activities across the national capital. This order, issued on April 20, comes in response to directives from the Supreme Court of India, which mandated municipal bodies in capital cities to perform a detailed inquiry and document verified findings. The official directive specifies that the survey will encompass all residential areas, including unauthorized and regularized zones, group housing societies, plotted developments, and any “islands” or pockets that fall within…

Latest StoriesResidential

Regularisation of Delhi’s unauthorised colonies starts April 24

NEW DELHI: Residents of over 1,500 unauthorized colonies in the city can now apply online for property registration via the MCD’s SWAGAM portal, starting Friday, officials reported. Earlier this month, the Centre introduced a new policy for regularizing unauthorized colonies in Delhi on an “as is where is” basis. According to the guidelines, applicants must log into the SWAGAM portal of the Municipal Corporation of Delhi (MCD) for registration in the identified 1,521 unauthorized colonies. The regularization will include property owners possessing conveyance deeds (properties on government land) or authorization slips (for properties on private land) previously issued by the…

IndustryLatest Stories

Delhi to Launch Smart Cards and Cess Portal for Builders

Representative AI image NEW DELHI: The Delhi government is set to improve the registration process for construction workers and enhance the delivery of welfare schemes through a chip-enabled smart card, officials announced on Thursday. Additionally, a dedicated portal will be established to boost cess collection from builders and construction firms. This fund will support various welfare initiatives for construction workers. The Delhi Building and Other Construction Workers’ Welfare Board (DBOCWWB) is in the process of selecting an agency to design, implement, and manage an integrated digital platform, officials stated. This platform will include a cess management portal alongside a network…

IndustryLatest Stories

Birla Estates Achieves ₹8,136 Crore in FY26 Bookings

NEW DELHI: Birla Estates, a wholly-owned unit of Aditya Birla Real Estate, has reported a booking value of ₹8,136 crore for FY2025-26, marking a 23.5% increase in collections year-over-year. The National Capital Region (NCR) was the top contributor to the company’s sales, with Bengaluru following as the second-largest market. The Mumbai Metropolitan Region (MMR) also experienced growth, with new projects launched in Thane and a new redevelopment initiative in Khar West. In Pune, new launches fueled growth, benefiting from consistent demand in residential projects. During FY26, the company introduced eight projects across four regions. Published On Apr 23, 2026 at…

IndustryLatest Stories

India’s Q1 2026 Real Estate Inflows Reach $5.1 Billion

NEW DELHI: According to a report by CBRE, capital inflows into India’s real estate sector reached an all-time high of $5.1 billion in the January-March quarter of 2026, a 72% increase from $2.9 billion during the same period last year. Sequentially, investments rose by approximately 53% from the $3.3 billion recorded in the October-December quarter of 2025, showcasing ongoing institutional interest despite global economic uncertainties. During this quarter, domestic investors were predominant, representing nearly 96% of total inflows. Developers led the way in capital deployment with a 42% share, followed closely by real estate investment trusts (REITs) at around 40%.…

CommercialLatest Stories

Office rentals in Delhi-NCR, Bengaluru surpass ₹100/sq ft: Knight Frank

NEW DELHI: Prime office rents in Bengaluru and Delhi-NCR have surpassed Rs 100 per sq ft for the first time, driven by demand outstripping supply, according to Knight Frank’s latest data. In Mumbai, average office rents have already crossed this threshold. The data indicates that office space rentals in eight major Indian cities increased by 2 to 15 percent from January to March 2026 compared to the same period last year. The highest annual growth rate of 15 percent was observed in Delhi-NCR and Kolkata. “Supply constraints in key markets have fostered a persistent rental upcycle since early 2022,” Knight…

InfrastructureLatest Stories

Delhi: DDA to Finish O Zone Drone Survey in 2 Months

NEW DELHI: The Delhi Development Authority (DDA) has notified the National Green Tribunal that it will finish a drone survey of the Yamuna floodplain, known as the O zone, within approximately two months. This survey encompasses an area of 165 sq km, including buffer zones. The O zone refers to the floodplain along a 22-km section of the Yamuna within the city. Following demolition operations on April 16 and 17 in Madanpur Khadar and Jhangola villages, as well as the Revenue Estate-Indraprastha, the DDA has reclaimed 7 acres in the area. The tribunal took note of a 2024 TOI report…

Latest StoriesResidential

NCR Wage Hike Could Increase Living Costs in Gated Societies

Worker unrest in the National Capital Region (NCR), coupled with a substantial rise in minimum wages, is projected to increase living expenses in gated housing societies, escalating construction costs already burdened by geopolitical tensions, according to industry leaders. Facility management companies that oversee residential complexes are likely to transfer the burden of higher labor costs to residents through increased maintenance fees. Meanwhile, developers are grappling with the dual challenge of soaring property prices, which have already dampened home sales, leaving limited room to absorb additional financial pressures. “The rise in minimum wages coincides with existing multiple cost pressures. We’re observing…

Latest StoriesResidential

South Delhi MP Grants Land Ownership in 31 Villages

NEW DELHI: Residents of 31 villages in the national capital will soon receive ownership rights for their residential land within ‘Lal Dora’ limits, announced South Delhi BJP MP Ramvir Singh Bidhuri on Monday. Bidhuri stated that property cards will be distributed to these landowners, enabling them to secure bank loans. ‘Lal Dora’ land pertains to village habitation areas (Abadi) in Delhi that lack formal registrations. Bidhuri had previously written to Union Minister of Housing and Urban Affairs, ML Khattar, regarding this matter, which was subsequently referred to the Ministry of Panchayati Raj. The MP shared a letter from the Panchayati…