Delhi Development Authority launches housing scheme for govt employees

The Delhi Development Authority (DDA) on Tuesday launched a special housing scheme exclusively for serving and retired government employees, offering 1,168 newly constructed flats in Narela’s Pocket 9 on a first-come-first-served basis, officials aware of the matter said. The registration of flats will start from December 19 and can be done online, officials said. Narela […]

Golden Growth Fund deploys ₹58 crore in two South Delhi luxury real estate projects after fundraise

Golden Growth Fund (GGF), a Category II real estate focussed Alternative Investment Fund (AIF), said on December 15 it closed the second round of fundraising and deployed ₹58 crore to acquire two projects in Anand Niketan and Niti Bagh in south Delhi, with an estimated sales potential of ₹85 crore. Golden Growth Fund (GGF) has […]

Delhi imposes strict GRAP-3 anti-pollution curbs as air quality turns ‘severe’

The national capital’s air quality slipped into the ‘severe’ category on Saturday morning after wind speeds fell under the influence of a western disturbance, prompting the Commission for Air Quality Management (CAQM) in the National Capital Region (NCR) and adjoining areas to invoke Stage III of the Graded Response Action Plan (GRAP). The AQI was […]

Delhi set to get a houseboat-style convention centre at Baansera

The Delhi Development Authority (DDA) is preparing to float tenders for a four-storey “house-boat convention centre” which people can book in order to host meetings, conferences and dining events, officials aware of the plan said on Thursday. Located at Baansera, the convention centre will feature intricate handmade woodwork. (HT photo) The “convention facility” is being […]

DTC housing redevelopment plans in 2 Delhi locales face review

The Delhi Transport Corporation’s (DTC) plan to redevelop its residential colonies in Shadipur and Hari Nagar into high-rise gated housing societies has been plunged into uncertainty, as the board decided to re-examine the financial feasibility of the projects, officials aware of the matter said. The projects are in Hari Nagar and Shadipur. (Representative photo) Both […]

MT. K Kapital raises second fund of ₹4,000 crore, plans expansion in Pune, Bengaluru and Delhi NCR

Mt. K Kapital, a real estate investment management firm backed by Mumbai-based real estate developer Rustomjee Group, on November 27 said that it has raised a second fund of ₹4,000 crore. The fund is backed by strong General Partners (GPs) and Limited Partners (LPs), reflecting confidence in Mt. K Kapital’s team as well as performance […]

Luxury home prices up 40% since 2022 in top cities, Delhi NCR and MMR lead, affordable homes rise only 26%: report

Luxury homes appreciated 40% across the top seven cities since 2022, and affordable housing appreciated by just 26% during the same period, ANAROCK India, a real estate consultancy firm, said in a report released on November 26. The highest appreciation in the luxury housing segment was reported in the Delhi NCR region, followed by the […]

South Delhi resident Ashok Mittal buys bungalow in tony Delhi locality for ₹65 crore

Ashok Mittal, a South Delhi resident, has bought a property worth ₹65 crore in Delhi’s posh Sunder Nagar area, documents accessed by CRE Matrix, a real estate data analytics firm, showed. Ashok Mittal, a resident of South Delhi has bought two floors of a Sunder Nagar bungalow for ₹65 crore, according to documents shared by […]