Tag: Delhi-NCR

Latest StoriesRegulatory

CBI Raids Eight States in Builders-Financial Institutions Case

NEW DELHI: On Tuesday, the CBI executed searches at 77 locations across eight states linked to a builders-financial institutions nexus case, officials reported. The searches included areas in Delhi, Chennai, Puducherry, and Bengaluru, among others. This case was assigned to the CBI by the Supreme Court, which on April 29, 2025, instructed the agency to initiate seven preliminary inquiries against builders in the NCR, notably Supertech Limited. Later that year, the court ordered the registration of 22 cases involving homebuyers in the National Capital Region (NCR) who were misled through the subvention scheme. On September 23 of last year, the…

IndustryLatest Stories

HUDCO, NBCC Sign MoUs for Delhi Redevelopment, Asset Deals

NEW DELHI: Housing and Urban Development Corporation Limited (HUDCO) announced on Saturday that it has entered into two Memorandums of Understanding (MoUs) with NBCC (India) Limited for collaboration on redevelopment and asset monetization projects. As per a stock exchange filing, “HUDCO has signed two MoUs with NBCC on April 11, 2026.” The first MoU aims at the redevelopment of a significant property located in the national capital. The filing noted that the two companies will “collaborate on the redevelopment of a leasehold plot… approximately 18,830 sq mt. at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi.” The…

Latest StoriesRegulatory

NCLAT Confirms Project-Specific Insolvency for Realty Firms

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has affirmed that insolvency proceedings initiated by homebuyers against construction firms must be restricted to the specific project where the default occurred, rather than extending to other projects of the corporate debtor. The tribunal underscored that jeopardizing unrelated projects does not serve the interests of homebuyers or stakeholders involved in those projects. “The law is clear that when financial creditors or homebuyers from a single project file a Section 7 application due to default by the corporate debtor, the Corporate Insolvency Resolution Process (CIRP) must be limited to that project,” the…

IndustryLatest Stories

Real Estate Private Equity Soars 66% to $1.2B in Q1 2026

NEW DELHI: Private equity (PE) investments in India’s real estate sector reached $1.2 billion in the January-March quarter of 2026, reflecting a 66% rise from the same period last year, as reported by Savills India. Office assets represented the largest portion of these investments at 41%, primarily concentrated in markets like Gurugram and Pune. The hospitality sector followed, capturing a 17% share, indicating a growing interest from investors in asset classes beyond the traditional ones. Domestic investors were the main contributors to equity inflows this quarter, accounting for $817 million, which is approximately 66% of total investments. A significant 63%…

Latest StoriesRegulatory

ED Seizes ₹6 Crore in Homebuyers’ Fraud Case Against Earth Infrastructures

NEW DELHI: The Enforcement Directorate (ED) has confiscated ₹6.3 crore in cash and jewellery valued at ₹7.5 crore during investigations into a Delhi-based real estate company accused of defrauding homebuyers, which is currently facing insolvency proceedings, as reported on Saturday. The operation, conducted under the Prevention of Money Laundering Act (PMLA), began on Friday, targeting 10 locations associated with former directors, promoters, and related entities of Earth Infrastructures Ltd. (EIL) in Delhi and Gurugram. The company has been undergoing a corporate insolvency resolution process (CIRP) since June 2018, according to official records. The ED’s investigation was prompted by five FIRs…

Latest StoriesRegulatory

Delhi HC permits demolition in Shalimar Bagh area

NEW DELHI: The Delhi High Court has permitted authorities to initiate a demolition drive in Shalimar Bagh for public road expansion, granting residents until May 30 to vacate the area. A bench comprising Justices Prathiba M Singh and Madhu Jain reviewed a petition from Saroj, a Shalimar Bagh local, representing around 98 residents living on government-acquired land in Haiderpur village. The Delhi government was represented by Additional Solicitor General Chetan Sharma, Legal Aid Counsel Dheeraj Kumar Singh, and Standing Counsel Sanjay Kumar Pathak. In an order dated April 6, the court remarked: “The advancement of infrastructural projects, especially those concerning…

InfrastructureLatest Stories

DDA Launches Demolition Drive in Sainik Farm, South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) conducted a demolition operation on Thursday in the upscale Sainik Farm area of South Delhi, as reported by officials. According to the Resident Welfare Association, the operation targeted two residential plots along Western Avenue. “This action is completely illegal. They arrived at around 5 AM and proceeded with the demolition despite our existing court stay order. This is private land, and the DDA lacks clear boundaries for the Khasra number of the plot,” asserted Hardeep Singh Bhalla, president of the Western Avenue Residents’ Welfare Association (WARWA). Bhalla pointed out that…

Latest StoriesResidential

Delhi RWAs raise concerns over mixed-use development

NEW DELHI: Numerous Resident Welfare Associations (RWAs) are expressing concerns about the potential chaos that could result from the rollout of the new Transit-Oriented Development (TOD) policy. This policy allows for mixed-use developments on plots adjacent to metro corridors and within a 500-metre radius of RRTS stations and railway lines, regardless of the plot size or current land designation. While it requires that 65% of the plot area be allocated for residential use, residents are doubtful regarding the enforcement of these guidelines. Members of the Save Our City campaign highlighted that the Master Plan for Delhi, 2021, which incorporated mixed…

IndustryLatest Stories

Ashiana Housing Q4 FY26 Pre-Sales Surge 2x to ₹1,290 Crore

NEW DELHI: Sales bookings at Ashiana Housing Ltd have more than doubled to Rs 1,289.70 crore in the fourth quarter of the last fiscal year due to increased demand. In the corresponding period last year, the sale bookings were recorded at Rs 574.73 crore. A regulatory filing on Tuesday revealed that Ashiana Housing achieved a record pre-sales figure of Rs 2,421.47 crore in the last fiscal year, a rise from Rs 1,936.75 crore in 2024-25. “The sales value for the booked area stands at INR 2,421.47 crore (FY’26), marking the company’s highest annual sales to date,” the report stated. During…

IndustryLatest Stories

Revised TOD Rules Open 207 sq km for High-Density Housing in Delhi

Representative AI Image NEW DELHI: The government has released updated regulations for Transit Oriented Development (TOD) as part of Delhi’s Master Plan 2021. This initiative aims to encourage high-density, mixed-use development and enhance the availability of affordable housing along metro and transit corridors. The revised policy encompasses approximately 207 sq km within a 500-metre radius of metro corridors and key transit nodes, including RRTS and railway stations. Significantly, this is the first time around 80 sq km of land, including land pooling areas, low-density residential zones, and unauthorized colonies, has been included under TOD. According to the new norms, developers…