10 Feb 2026

Maharashtra's real estate sector is set to showcase its urban development trajectory and future priorities at the National Urban and Real Estate Development Conclave 2026, to be held on 13-14 February at Yashobhoomi, New Delhi. Led by NAREDCO Maharashtra, the state's participation will highlight its role as one of India's most urbanised regions, supported by sustained infrastructure investment, industrial growth and expanding metropolitan clusters. The discussions will focus on transit-led development, large-scale redevelopment, rental housing, regulatory reforms and technology-driven urban planning. With urbanisation expected to accelerate over the coming decades, Maharashtra's experience across the Mumbai Metropolitan Region, Pune, Nagpur and other emerging cities is expected to offer insights into balancing housing supply, infrastructure delivery and sustainable city growth within a rapidly evolving policy and investment environment.Read more

16 Jan 2026

Blue Coast Hotels Ltd and its promoter and whole-time director Kushal Suri have settled a case with the Securities and Exchange Board of India after paying a combined settlement amount of INR 89.3 lakh. The settlement relates to alleged violations of disclosure and accounting norms identified in the company's financial statements between FY19 and FY22. The action followed an examination report submitted by the National Stock Exchange, which highlighted several irregularities. SEBI's investigation found that the company failed to disclose a significant contingent liability linked to refunds for space buyers in its stalled Aerocity project. Following the settlement, SEBI has closed the adjudication proceedings, while reserving the right to take further action if required.Read more

16 Jan 2026

ITC Hotels Ltd has been allotted land on a long-term lease at Yashobhoomi, Dwarka, to develop a premium five-star hotel focused on business travellers, conventions and global events. The 3,648 sq metre plot has been leased for 91 years at a premium of INR 326.50 crore by India International Convention and Exhibition Centre Ltd. The hotel will feature luxury accommodation, modern banqueting spaces and signature dining options, supporting Yashobhoomi's growing role as a major MICE destination in Delhi-NCR. With strong demand from trade shows and conferences, the project will strengthen ITC Hotels existing footprint in the region and enhance hospitality infrastructure around the convention hub.Read more

14 Jan 2026

Delhi's Indira Gandhi International Airport will operate under temporary airspace restrictions later this month due to Republic Day celebrations. Authorities have confirmed that non-scheduled flights will face operating bans during specific hours on January 26 and January 29. The curbs coincide with the Republic Day parade and the Beating the Retreat ceremony. As the country's busiest airport, handling around 1,300 flights daily, IGIA frequently implements such measures during high-security national events. Airlines and private operators are advised to adjust flight plans to manage the temporary limitations.Read more

27 Dec 2025

The Delhi government has instructed all land-owning departments to submit detailed information on their land parcels and immovable properties for inclusion in a centralised online system, the Delhi Asset Management Information System (DAMIS). Developed by Geospatial Delhi Limited under the IT Department, DAMIS aims to create a reliable, digitised inventory of government assets, enabling better planning, utilisation, and monitoring. Officials have appointed nodal officers, provided training, and issued user credentials. The system seeks to improve transparency, curb unauthorised occupation, and address scattered and inconsistent land records across departments.Read more

Delhi News Desk

26 Dec 2025

Delhi's Municipal Corporation is moving quickly to establish its fifth construction and demolition (C&D) waste processing plant at Tehkhand to strengthen waste management and reduce dust pollution. The seven-acre site will be handed over to the selected contractor on January 1, 2026, and the plant is expected to be operational in about a year, following required approvals. Initially processing 1,000 tonnes daily, capacity will later increase to 2,000 tonnes. Once functional, the facility will raise Delhi's total C&D processing capacity to 5,500-6,000 tonnes daily and support waste disposal across all 250 civic wards.Read more

Delhi News Desk

25 Dec 2025

The Municipal Corporation of Delhi has launched a two-year citywide programme to systematically recarpet and repair major roads, aiming to fix potholes, uneven surfaces and ageing pavements. The initiative will focus on high-traffic corridors, with planned resurfacing, structural strengthening and targeted repairs in areas prone to repeated damage. Advanced materials will be used to improve durability and reduce road dust pollution. Work will be carried out in phases to minimise traffic disruption, with coordination between civic and traffic authorities. Improved road conditions are expected to enhance driving comfort, reduce vehicle damage and lower dust-related air pollution, supporting safer travel and more resilient urban infrastructure across Delhi.Read more

16 Nov 2025

US-based OpenAI has secured a 50-seater managed workspace in Delhi through flex-operator CorporatEdge, marking its first office in India. The company chose a central Delhi location rather than business suburbs such as Noida or Gurugram. The move reflects a trend of large enterprises driving demand for flexible office formats. Analysts say India's flexible workspace stock is expected to rise markedly by 2027, with Delhi-NCR set to capture a significant share.Read more

10 Nov 2025

The National Highways Authority of India (NHAI) announced earlier this week that it has commenced widening works on the left-hand carriageway near Subroto Park Air Force Station, expanding it from two lanes to four. The initiative aims to ease congestion between Dhaula Kuan and Delhi Airport, particularly at the Parade Road underpass. The project also includes a new foot overbridge, enhanced drainage systems, and pollution control measures such as anti-smoke guns and water sprinklers. Completion is expected within the next six months.Read more

15 Sep 2025

Italian fashion retailer OVS will soon open its first store in India at Pacific Mall, Tagore Garden, New Delhi. Scheduled for October, the store spans 9,000 square feet and will house everyday wear and premium collections including PIOMBO, B.Angel, Les Copains, and Utopja, all developed by the in-house design team. With more than 2,200 stores globally and sales worth EUR 1.63 billion in 2024, OVS is extending its reach to one of the fastest-growing fashion markets. A surprise gift will also be offered to the first 100 visitors on the launch day.Read more

27 Dec 2024

The Delhi High Court upheld the MCD's declaration that Signature View Apartments are "dangerous and not fit for habitation" allowing the DDA to proceed with demolition. Residents must vacate within three months, with rent support of INR 50,000 for HIG flats and INR 38,000 for MIG flats, increasing annually by 10%. Structural issues, including cracked pillars and corroded reinforcements, led to the ruling, following an IIT-Delhi study and Lieutenant Governor VK Saxena's recommendations. The court blocked plans for additional flats, citing residents' rights to open spaces and amenities, emphasizing the need for regulatory accountability and safety in Delhi's housing projects.Read more

22 Mar 2024

Kishore Biyani's daughters, Avni Biyani Jhunjhunwala and Ashni Biyani, are reentering the food retail arena with Food Stories, akin to their previous venture Foodhall. Their new gourmet food and experiential retail concept will debut at Ambience Mall in New Delhi, offering artisanal foods including cheeses, condiments, fresh produce, and packaged items. With support from the Narottam Sekhsaria family office, they aim to tap into rising demand for specialized foods and wellness products. This comeback follows the closure of Foodhall due to parent company Future Retail's insolvency issues. Additionally, the sisters plan to introduce Broadway, housing digital-first brands, and have launched Think9 Consumer Technologies to promote digitally native brands across multiple consumption categories. Despite growing competition, their move aligns with the expanding premium food market in India, projected to reach USD 1,230 billion by 2023.Read more

07 Mar 2024

NBCC saw a rise in stock value after executing an e-auction, selling 61,000 sqft of commercial space in New Delhi's Ayurvigyan Nagar for INR 272.68 crore. Grid Controller of India Ltd secured the deal. The proceeds will fund housing construction for AIIMS Delhi faculty/staff. The project, "Grande Rue," features three levels of basement parking for 150 cars and four storeys of commercial space. NBCC's subsidiary, HSCC (India), secured a INR 459.70 crore contract for a hospital project in Maharashtra. In December 2023, NBCC reported a 60% rise in net profit. They also obtained approval for developing unused FAR in Amrapali projects worth INR 10,000 crore and won three contracts worth INR 369.05 crore.Read more

20 Feb 2024

The National Company Law Tribunal (NCLT) in New Delhi has issued a verdict on a legal dispute between Supertech Realtors and Indiabulls Housing Finance. The case concerns Supertech Realtors' accusation that Indiabulls Housing Finance improperly deducted INR 6,150 crore from its loan account, exceeding the legitimate amount owed of INR 5,873 crore. Supertech alleges that this financial discrepancy not only breaches their contract but also has broader implications for public interest, potentially affecting their ability to deliver properties to customers. However, Indiabulls Housing Finance presented a Reserve Bank of India (RBI) order characterizing the dispute as a bilateral matter, to be resolved through contractual obligations. The NCLT ruling favoured Indiabulls Housing Finance, highlighting the complexities of corporate disputes, particularly in the real estate sector.Read more

16 Feb 2024

Zomato CEO Deepinder Goyal has acquired two separate land parcels totaling 5 acres in Mehrauli Tehsil, New Delhi, for a combined sum of INR 79 crore. The first 2.5-acre plot was purchased for INR 29 crore in March 2023, followed by the second 2.5-acre parcel acquired for INR 50 crore in September 2023. The plots in the Dera Mandi village, Chhatarpur area, are attracting affluent buyers interested in farmhouses. A surge in demand for such properties post-COVID has seen prominent figures like JC Chaudhary and Jaguar investing in Delhi's farmhouse areas.Read more

17 Nov 2023

Risland India achieves a milestone as Sky Mansion, its South Delhi skyscraper, receives an advanced Occupancy Certificate, signalling readiness for immediate move-in. The subsidiary of Singapore-based Risland boasts a global residential portfolio of Rs 1 lakh crores and aims to apply a 5% price hike this month following the project's completion before the scheduled date. With top-notch amenities, infinite views, and a strategic location, Sky Mansion positions itself as a premium residential choice, with notable neighbours including celebrities like Yuvraj Singh who owns a penthouse in the building.Read more

15 Nov 2023

The Delhi High Court has invalidated a demolition notice issued by the Delhi Development Authority (DDA) targeting "unauthorized" constructions near the Mehrauli Archaeological Park. The court directed the DDA to restart the process, emphasizing the importance of granting a fair hearing to the affected parties before taking further action on alleged encroachments. The court highlighted procedural lapses, stating that no intimation was issued to the petitioners before the demolition notice, and quashed the notice issued in December 2022. The ruling underscores the need for administrative actions to adhere to statutory procedures and principles of natural justice.Read more

15 Nov 2023

The Municipal Corporation of Delhi (MCD) has issued new guidelines to address low property tax returns. In cases where tax arrears exceed Rs 25 lakh, punitive actions, including prosecution under the Delhi Municipal Corporation (DMC) Act, will be taken against defaulters. Despite previous measures, such as attaching bank accounts and properties, proving insufficient, the MCD will now initiate prosecution under sections 152A and 467 of the DMC Act for tax amounts exceeding Rs 25 lakh. Assessing officers are mandated to file complaints and commence prosecution proceedings against individuals who have wilfully defaulted on payment or attempted to evade tax.Read more

31 Oct 2023

Shravan Kumar Chaudhary, director of Gujara Construction Pvt Ltd, was arrested at Delhi's airport over a fraudulent property deal involving over Rs 2.3 crore. The victim, Sushil Kumar of Noida, filed a complaint alleging Chaudhary duped him in a fraudulent property transaction. Chaudhary had claimed ownership of a seven-story building in Harola village, Sector 5, and promised to sell half of it for Rs. 9.50 crores. The real owner was later identified as the Noida Authority. Chaudhary is now in police custody.Read more

31 Oct 2023

The Municipal Corporation of Delhi (MCD) is taking determined steps to address pollution and enforce environmental standards. Over a two-week period, they issued 24 challans with fines totalling Rs 8.2 lakh for violations related to construction and demolition guidelines. The MCD has deployed 511 surveillance teams to monitor environmental concerns, including open burning, illegal construction, waste dumping, and road dust. They've stationed anti-smog guns at high-rise buildings, landfills, and hotspot areas to combat air and dust pollution. The MCD's efforts are aimed at ensuring environmental compliance, especially in anticipation of the upcoming winter smog and pollution.Read more