Tag: Delhi-NCR

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NGT Alerts MCD Over ‘Unauthorized’ Yamuna Floodplain Construction

NEW DELHI: The National Green Tribunal (NGT) has requested responses from the Municipal Corporation of Delhi (MCD), Delhi Development Authority (DDA), and others regarding a petition that claims unauthorized construction on the floodplain of the Yamuna River. The tribunal was addressing a letter petition from a Wazirabad village resident, who alleges that a multi-storeyed building is being constructed in the Majnu ka Tila area on the floodplain. A bench led by NGT Chairperson Justice Prakash Shrivastava and expert member A Senthil Vel stated in an order dated February 5 that the petition raises “significant issues” concerning adherence to environmental regulations.…

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Delhi slum dwellers hope for better housing as 18,000 flats revamp.

NEW DELHI: Residents in ‘jhuggi-jhopri’ (JJ) clusters are set to benefit from improved living conditions as the Delhi government partners with the National Buildings Construction Corporation Limited (NBCC) to refurbish approximately 18,000 flats and upgrade civic infrastructure across multiple clusters. An official from the Delhi Urban Shelter Improvement Board (DUSIB) stated that both DUSIB and NBCC will commence repair and refurbishment works for the dilapidated flats plagued by poor maintenance, structural damage, and insufficient facilities. “The focus will be on renovating existing flats and enhancing basic infrastructure within the clusters. About 18,000 flats have been earmarked for repairs,” the official…

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Max Estates Reports Notable Profit Decline in Q3 FY26

NEW DELHI: Max Estates has announced a net consolidated profit after tax of ₹2.53 lakh for the quarter ending December 31, 2025, according to a BSE filing. In the same quarter last year, the profit after tax was ₹15.81 crore. The company’s net consolidated total income for Q3 FY26 was ₹71.44 crore, marking a decrease of 0.63% from ₹71.89 crore recorded in the same period the previous year. The board of directors has approved the appointment of Arihant Kothari as Chief Investment Officer – Capital Strategy, effective February 6, 2026. They also approved the issuance of 14,442 equity shares with…

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Omaxe Reports ₹153.20 Crore Net Loss in Q3 FY26

NEW DELHI: Omaxe reported a consolidated net loss after tax of ₹153.20 crore for the quarter ending December 31, 2025, as stated in a BSE filing. In comparison, the company had a loss after tax of ₹150.28 crore during the same quarter of the previous fiscal year. The net consolidated total income for Q3 FY26 was ₹319.03 crore, reflecting an increase of 6.21% from ₹300.39 crore recorded in the corresponding quarter the previous year. In the quarter ending December 31, 2025, Omaxe acquired two companies, Next10 Realbuild and Next10 Land Developers, each having 10,000 equity shares of ₹10, totaling ₹1…

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TREVOC, Canonicus Launch ₹500-Cr Fund for Stalled NCR Housing

NEW DELHI: TREVOC Group has joined forces with Canonicus Capital to establish a ₹500-crore funding and execution platform. This initiative aims to complete nearly finished residential projects in the National Capital Region (NCR). The platform will start by deploying up to ₹125 crore, courtesy of Canonicus Capital in the initial phase, with ambitions to expand the fund to ₹500 crore in the coming years based on project needs. The focus will be on projects that are struggling due to last-mile funding shortages and execution delays, an issue that continues to burden NCR’s residential market, even with improved demand in recent…

Latest StoriesRegulatory

Survey Nearby Buildings of Heritage Sites: Delhi HC

NEW DELHI: The Delhi High Court has instructed authorities to undertake a thorough survey of all buildings situated near the city’s heritage sites to ensure compliance with established regulations. A bench comprising Chief Justice DK Upadhyaya and Justice Tejas Karia recently directed the Municipal Corporation of Delhi (MCD) to conduct this survey while addressing several petitions highlighting potential violations surrounding heritage structures throughout the capital. The court acknowledged that the petitions raised significant issues regarding the preservation of the character and integrity of heritage properties. It pointed out that construction activities near these sites can often alter their visual and…

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Delhi’s property tax amnesty scheme extended to Feb 28

NEW DELHI: The Municipal Corporation of Delhi announced on Monday that it has extended its property tax amnesty program, ‘SUNIYO,’ until February 28, 2026. Officials have encouraged property owners throughout the capital to step forward and clear their outstanding dues, as the late fee will remain unchanged at 5%. Under the Sumpattikar Niptaan Yojana (SUNIYO), taxpayers can receive a complete waiver of property tax, interest, and penalties for all years before 2020-21, provided they pay the principal tax for the current fiscal year (2025-26) and the previous five years. Delhi Mayor Raja Iqbal Singh described this as a golden opportunity,…

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Eldeco Infrastructure Wins SEBI Approval for IPO

NEW DELHI: Eight companies, including real estate firm Eldeco Infrastructure and Properties and Associated Power Structures, have received approval from Sebi to raise funds via initial public offerings (IPO), as reported by the market regulator on Friday. Other companies that gained regulatory consent include HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd. The eight firms filed their preliminary IPO applications with Sebi between September and October, obtaining the regulator’s observations from January 28 to 30. In regulatory terms, this observation signifies clearance to proceed with a public issue. Eldeco Infrastructure and…

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Godrej Properties buys 8.5-acre land in Mahalunge, Pune

Representative Image NEW DELHI: Godrej Properties (GPL) has successfully acquired an 8.5-acre land parcel through outright purchase in Mahalunge, Pune. The proposed project will primarily feature group housing, with an estimated development potential of around 2.1 million square feet, translating to a revenue potential of ₹2,000 crore. Gaurav Pandey, Managing Director & CEO of the company, stated, “This land acquisition is a significant milestone in our strategy to strengthen our footprint in Pune and expand across high-potential micro-markets in India’s leading cities.” Additionally, the company announced it will be handing over homes across nearly 10 projects in the National Capital…

Latest StoriesRegulatory

Delhi: FIR Filed for ₹200 Crore Property Fraud in South Extension

NEW DELHI: The Delhi Police have filed an FIR against a businessman for alleged forgery, cheating, and conspiracy related to a fraudulent sale of a prime property located in South Extension, valued between Rs 150-200 crore, according to an official statement on Tuesday. As per the FIR lodged on January 22, the complainant, Dhruv Jalan, a businessman and resident of Gurugram, claims the property in question—a plot exceeding 2,292 square yards in South Extension Part-I—was originally allotted to his grandfather, Amar Chand Jalan, in 1958. Jalan asserts that he became the sole owner of the property through a will in…