Tag: Delhi-NCR

IndustryLatest Stories

Centre Issues New TOD Rules for Delhi, Unlocks 207 sq km for Housing

Representative AI Image NEW DELHI: The government has announced updated regulations for Transit Oriented Development (TOD) as part of the Delhi 2021 master plan. This initiative aims to foster high-density, mixed-use development and enhance affordable housing options along metro and transit corridors. The new policy encompasses approximately 207 sq km within a 500-meter radius of metro lines and significant transit hubs, including RRTS and railway stations. For the first time, around 80 sq km of land, which includes pooling areas, low-density residential zones, and unauthorized colonies, will come under the TOD framework. Under the new guidelines, developers can have a…

Latest StoriesResidential

Govt to Restore DDA Properties from Leasehold to Freehold Soon

File Photo NEW DELHI: The government is set to finalize the conversion rates for registration charges, facilitating the resumption of converting properties from leasehold to freehold in the national capital, Union Minister Manohar Lal announced on Tuesday. Changing a leasehold property to freehold means transitioning its ownership from rental to full ownership. Since January this year, the conversion process for Delhi Development Authority (DDA) properties has been on pause due to the new circle rates adopted by the Delhi government. “We will present a proposal to the cabinet for the approval of conversion charges for DDA and L&DO properties; the…

InfrastructureLatest Stories

Delhi to Regularise 1,511 Unauthorised Colonies ‘As-Is’

File Photo NEW DELHI: The government has sanctioned the regularization of 1,511 unauthorized colonies in Delhi on an “as-is where-is” basis, eliminating the need for approved layout plans and allowing residents to obtain legal recognition for their properties. This initiative, part of the PM-UDAY scheme, aims to resolve persistent challenges faced by residents in unauthorized colonies, especially concerning property rights, redevelopment, and access to basic civic infrastructure. Union Housing and Urban Affairs Minister Manohar Lal noted that this decision aims to simplify property registration and permits residents to pursue construction or redevelopment compliant with municipal regulations. The colonies being regularized…

InfrastructureLatest Stories

Ownership Rights in Unauthorized Colonies May Shift to Delhi Govt

NEW DELHI: The ownership rights for houses in unauthorized colonies may soon shift from the Delhi Development Authority (DDA) to the Delhi government, according to officials. The initiative, launched by DDA in 2019 as part of the PM-Unauthorized Colonies in Delhi Awas Adhikar Yojana (PM-UDAY), has been a critical policy decision for residents of these colonies, who previously lacked ownership rights. According to the proposal, the Delhi government’s urban development department will oversee this process to simplify operations and reduce the number of involved agencies. “Although the transition was initially set for April 1, it is currently under legal scrutiny…

IndustryLatest Stories

Delhi’s Leasehold to Freehold Conversion Halted for Review

NEW DELHI: The Delhi Development Authority (DDA) has suspended the conversion of properties from leasehold to freehold for the past three months, causing uncertainty for applicants. DDA officials confirmed that the ministry of housing and urban affairs (MoHUA) is currently reviewing the policy to rationalize rates and streamline procedures. However, no update on the review status has been communicated. The decision, aimed at enhancing transparency and making the process more user-friendly, has instead resulted in confusion for many applicants who are waiting for clarity on the new policy and expected timelines. A DDA official stated, “The current policy is undergoing…

InfrastructureLatest Stories

Delhi Unveils Slum Rehab Plan with Shops and E-Rickshaw Charges

Representative AI image NEW DELHI: The Delhi government is set to offer modern amenities to slum dwellers, including shopping complexes, parking areas, and e-rickshaw charging stations, as part of an upcoming rehabilitation and resettlement policy, according to sources. The proposed policy also considers amenities like schools, Jan Suvidha Kendras, and specific sanitation facilities for women. The plan is in its final stages and is expected to be finalized this month. The government intends to extend the eligibility cut-off date for existing policies by approximately ten years—from January 1, 2015, to January 1, 2025—thereby allowing many more slum residents to qualify…

IndustryLatest Stories

RPS Group to invest ₹110 crore in Bahadurgarh township

Representative image NEW DELHI: RPS Group plans to invest Rs 110 crore in their plotting project, RPS Azalea, located in Sector 29, Bahadurgarh. The project covers 19.79 acres under the Deen Dayal Jan Awas Yojana (DDJAY), with plot sizes ranging from 125 to 180 sq. yards. Construction will commence immediately, with a delivery target set for 2027. Additionally, RPS Group is developing a 2-acre clubhouse featuring premium amenities. “We believe Bahadurgarh is emerging as a significant growth destination. With Azalea, our goal is to create a community that meets the needs of modern homeowners while positively impacting the city’s development,”…

Latest StoriesRegulatory

Delhi’s Property Tax Collection Exceeds ₹3,100 Crore in FY26

NEW DELHI: The Municipal Corporation of Delhi (MCD) has reported a 46% increase in property tax collection for the fiscal year 2025-26, attributing this rise to enhanced compliance, enforcement initiatives, and the property amnesty scheme. According to a statement from the civic body released on Wednesday, property tax collections rose by 46.12% to Rs 3,116.62 crore in FY26, compared to Rs 2,132.89 crore in the previous year. The number of taxpayers has grown by 19.36%, reaching 1,352,562 in 2025-26, up from 1,133,161 the prior year, the statement noted. The majority of the revenue came from the property tax amnesty scheme,…

Latest StoriesRegulatory

Delhi extends property tax amnesty deadline to April 30

NEW DELHI: The Municipal Corporation of Delhi has extended the deadline for the Property Tax Amnesty Scheme 2025-26 to April 30, as announced by the Delhi Mayor on Tuesday. Mayor Raja Iqbal Singh stated that the extension was granted due to the positive response from the public, allowing more taxpayers to resolve their outstanding dues under the Sumpattikar Niptaan Yojana (SUNIYO) scheme. He encouraged property owners and occupiers to take advantage of this “golden opportunity” to settle their liabilities without incurring interest or penalties. The mayor confirmed that the scheme will not be extended beyond April 30. Under SUNIYO, taxpayers…

IndustryLatest Stories

NDMC Tax Reform Could Slash Property Tax by 50% in Delhi

NEW DELHI: The New Delhi Municipal Council (NDMC) announced on Monday that implementing the Unit Area Method (UAM) could lower property taxes by 30 to 50%, particularly benefiting older, self-occupied properties. This initiative is part of key amendments in the Jan Vishwas (Amendment of Provisions) Bill, 2026, introduced by Minister of State for Commerce and Industry Jitin Prasada in the Lok Sabha on Friday. The bill seeks to amend several provisions of the Delhi Municipal Corporation Act, 1957. NDMC Vice-Chairperson Kuljeet Singh Chahal emphasized that UAM could provide significant relief for older properties and allow for separate assessments of different…