Tag: Delhi-NCR

Latest StoriesResidential

DDA Ends Parking Fees in Housing Scheme Flat Prices

NEW DELHI: The Delhi Development Authority (DDA) has announced the elimination of parking charges, including those for covered parking, from the total cost of flats in its current housing schemes, providing relief to homebuyers. This change is anticipated to reduce flat prices by ₹5 lakh to ₹12 lakh. Homebuyers will notice immediate price drops for the MIG and HIG flats across four schemes: DDA Karmayogi Awas Yojana 2025 (First-Come First-Serve), DDA Towering Heights Karkardooma Housing Scheme 2025 (E-Auction), DDA Nagrik Awas Yojana 2026 (First-Come First-Serve), and DDA Towering Heights Karkardooma Housing Scheme 2026 (First-Come First-Serve). According to the new directive,…

IndustryLatest Stories

Delhi land parcels to receive 14-digit Aadhaar numbers

Representative AI image NEW DELHI: In a bid to digitize land records and enhance accountability, the Delhi government has introduced Bhu Aadhaar. Under this initiative, each land parcel in the city will receive a 14-digit Unique Land Parcel Identification Number (ULPIN), essentially creating a digital ‘Aadhaar’ for property ownership. Chief Minister Rekha Gupta announced the initiative on Sunday, stating that protecting property rights is its primary focus. “‘Bhu Aadhaar’ is more than just a number; it serves as a robust digital tool against corruption and land disputes. Many families invest their lifetime savings in land but often face legal challenges…

IndustryLatest Stories

Lodha Acquires 80% Stake in Solidrise Realty for ₹294.07 Crore

NEW DELHI: Lodha Developers has signed a share purchase agreement to acquire an 80% equity stake in Solidrise Realty (SRPL) for ₹294.07 crore. Following this acquisition, SRPL will operate as a subsidiary of the company, which is actively involved in the Pune real estate market. The acquisition aims to facilitate the company’s expansion into Pune, as stated in its regulatory filing. In the earnings report for Q3 FY26, Abhishek Lodha, the managing director and CEO, announced the addition of approximately ₹340 billion in gross development value (GDV) from new project developments, including two projects currently in the pilot phase in…

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DDA to Reclaim 123 Disputed Land Plots in South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) has announced the re-acquisition of 123 land parcels in various south Delhi villages, responding to recent Supreme Court directives regarding land acquisition disputes. This action aims to protect potential buyers from purchasing sites currently under litigation. The notice from DDA’s land management department indicates that this re-acquisition aligns with Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. “The Supreme Court has rendered several judgments concerning land acquisition, particularly focusing on the applicability of Section 24(2) in matters involving DDA and…

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Centre urges unified urban planning, expanded credit for housing needs

File Photo NEW DELHI: On Friday, Union Housing and Urban Affairs Minister Manohar Lal stressed the necessity for cooperation among policymakers, financial institutions, and urban planners to improve accessibility and inclusivity in housing finance, especially with the anticipated surge in India’s urban population. During a conference organized by the National Housing Bank (NHB) and the Asia Pacific Union for Housing Finance (APUHF), the minister underscored the importance of integrated urban planning, which includes developing housing linked to transportation and innovative policies to meet future demand. Citing a joint study conducted by NITI Aayog and the Ministry of Housing and Urban…

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Civil Aviation Ministry Reviewing Height Norm Relaxation for Real Estate

NEW DELHI: The civil aviation ministry is conducting an analysis on potential adjustments to height restrictions for real estate developments, with the aim of facilitating quicker vertical growth in urban areas where land is limited, Minister Kinjarapu Ram Mohan Naidu announced on Friday. He stated, “The Indian real estate market is projected to reach USD 1 trillion by 2030, driven by structural reforms, enhanced transparency, and increased investor confidence. It has the capacity to grow to USD 5-7 trillion by 2047.” Naidu was addressing attendees at the National Urban and Real Estate Development Conclave-2026 held in New Delhi. He highlighted…

InfrastructureLatest Stories

DDA Issues Notice to Reclaim 123 Disputed Land Plots in South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) has announced its intention to re-acquire 123 land parcels in various south Delhi villages, following recent Supreme Court directives related to multiple land acquisition cases. Officials indicated that this measure aims to prevent buyers from inadvertently purchasing land that is currently under legal dispute. The public notice, issued by the DDA’s land management department, specifies that this re-acquisition process adheres to Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. According to the notice, “The Supreme Court has issued judgments in…

InfrastructureLatest Stories

Delhi Approves Metro Phase V Following Centre’s Approval

NEW DELHI: The Delhi government has made a significant advancement in metro expansion plans by approving Phase V(A) of the Delhi Metro project, which includes a critical corridor connecting to the Central Vista, after receiving the necessary clearance from the Centre. Chief Minister Rekha Gupta announced that the estimated cost of Phase V(A) is Rs 12,014.91 crore, which will bolster public transport infrastructure in the national capital, with the Delhi government contributing Rs 2,940.46 crore towards this cost. The decision was made during a Cabinet meeting led by the Chief Minister, aimed at enhancing and modernizing the public transport system…

Latest StoriesResidential

Maharaja of Tehri to Sell 3.2 Acres in Delhi for ₹1,000 Cr

Representative Image NEW DELHI: Another significant bungalow deal of around ₹1,000 crore is on the horizon in the national capital, as Maharaja Manujendra Shah of Tehri Garhwal plans to sell his property on Bhagwan Das Road to a local entrepreneur noted for his substantial footprint in the food and beverage sector, according to sources familiar with the situation. The 3.2-acre bungalow marks the second acquisition for the businessman, who has also secured an agreement to purchase the first official residence of former Prime Minister Jawaharlal Nehru on Motilal Nehru Road in Lutyens’ Bungalow Zone (LBZ) for over ₹1,100 crore. As…

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Ashiana Housing Q3 FY26 Net Profit at ₹56.65 Crore

NEW DELHI: Ashiana Housing has reported a net consolidated profit after tax of ₹56.65 crore for the quarter ending December 31, 2025, according to a BSE filing. This is a significant increase from the profit after tax of ₹10.85 crore recorded in the same quarter of the previous fiscal year. The company’s net consolidated total income for Q3 FY26 was ₹373.35 crore, compared to ₹139.93 crore in the corresponding quarter last year. As of December 31, 2025, the company’s net worth was ₹847.30 crore, with a debt-equity ratio of 0.38. The current liability ratio stood at 0.88, while the total…