Tag: New Delhi

Latest StoriesResidential

DDA Awaits CBI Nod to Begin Signature View Demolition

Signature View Apartments NEW DELHI: The redevelopment of the Signature View Apartments is expected to face further delays as the Delhi Development Authority (DDA) is still awaiting clearance from the Central Bureau of Investigation (CBI) to initiate the demolition of the buildings located in Mukherjee Nagar, north Delhi. Designated as structurally unsafe in 2023, the residential complex, built by the DDA, is set for demolition and redevelopment. The CBI is currently investigating allegations of corruption and irregularities related to the construction of these towers and has instructed the DDA to postpone demolition until it gathers necessary evidence from the site.…

Latest StoriesResidential

LG of Delhi Visits Swabhiman Apartments, Promises Quick Solutions

NEW DELHI: Lieutenant Governor Taranjit Singh Sandhu visited Swabhiman Apartments, a Delhi Development Authority (DDA) housing project in Jailorwala Bagh, Ashok Vihar, on Thursday. He engaged with residents to gain first-hand insights on living conditions, civic amenities, and maintenance issues. The visit was motivated by a commitment to citizen-centric governance. Post-interaction, the LG instructed relevant departments to prioritize addressing residents’ concerns, ensuring a safe, clean, and well-maintained living environment. Swabhiman Apartments is one of the flagship initiatives under the Prime Minister’s vision of “Jahan Jhuggi, Wahin Makan,” which aims to rehabilitate residents from jhuggi-jhopri clusters through in-situ redevelopment. Residents expressed…

IndustryLatest Stories

Sebi Plans to Broaden Liquid MF Investments for REITs, InvITs

NEW DELHI: On Thursday, the market regulator Sebi proposed to broaden the investment scope for liquid mutual fund schemes by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), as the current eligibility criteria limit their investment choices. At present, these investments are confined to liquid schemes that have a high credit risk value and are highly classified in terms of risk. Sebi’s proposals aim to simplify business operations for REITs and InvITs, offering enhanced investment flexibility while maintaining necessary prudential safeguards. In its consultation paper, Sebi has also suggested that InvITs should be allowed to retain investments in…

Latest StoriesResidential

Delhi Residents Leave Signature View Apartments as Deadline Passes

NEW DELHI: Several residents of Signature View Apartments vacated the premises on Sunday, the final day of the court-mandated deadline. The Resident Welfare Association (RWA) of Signature View in Mukherjee Nagar stated that with the deadline passed, residents must leave the buildings. “As the MCD has previously indicated that water and power services will be cut off after October 12, many residents are departing today. We will have the final count by tonight,” said RWA president Amrendra Singh Rakesh in a statement to PTI. Located in North Delhi’s Mukherjee Nagar, the housing complex was constructed between 2007 and 2009 and…