Delhi-NCR

Swedish furniture retailer Ikea, which is starting online sales in Delhi-NCR and nine other markets this week, is looking for next round of investments in India and will move to profitability after expansion, said its India CEO Susanne Pulverer. Ikea is planning to have 2 full-size stores in Delhi-NCR -- at Gurugram in 2026 and Noida in 2028. It also plans to open physical stores in Chennai and Pune in the next phase after having operational stores in Hyderabad, Mumbai and Bengaluru. After entering these six key metro markets, Ikea will work on its next phase of journey for the country, where it will expand with smaller stores and an omni-channel strategy. Pulverer did not specify any timeline for Pune and Chennai stores but said Ikea would be there in a couple of years. In Pune, Ikea is already available through online sales. "The physical expansion has to complement e-commerce at Pune, and Chennai is the market we have not opened. These are together with the continuing Bangalore

42 colonies across the region, including Category A and B colonies, contribute over Rs 5.35 lakh crore to this total.

Housing prices appreciated at an average of 10 per cent during the December quarter across eight major cities on strong demand, higher input cost, according to a report by CREDAI, Colliers and Liases Foras. Realtors' body CREDAI, real estate consultant Colliers India, and data analytic firm Liases Foras on Tuesday released their joint report, which showed that Delhi-NCR saw a maximum appreciation of 31 pc annually during the October-December period of 2024. "Interestingly, average housing prices have been on a rising spree for the 16th consecutive quarter, starting 2021," the report said. Price appreciation was evident in all the eight major cities. CREDAI National President Boman Irani said, "The sustained growth in housing prices underscores the strong confidence among homebuyers, driven by a preference for spacious living and lifestyle upgrades." "While evolving preferences and lifestyle upgrades remain key motivators, cost pressures in construction and land acquisition are als

Ikea's offline presence in Delhi-NCR will follow soon, with two stores under construction in Gurugram and Noida

An earthquake that shook Delhi early Monday was caused by "normal faulting", a type of ground movement often linked to underground water or past river deposits weakening the rocks, the National Centre for Seismology (NCS) said in a report. It also said that since 1993, the area within 50 sq km of Monday's epicenter has recorded 446 earthquakes ranging from minor (magnitude 1.1) to moderate (magnitude 4.6). NCS head OP Mishra told PTI that it was not a tectonic earthquake, which refers to an earthquake that occurs when tectonic plates move. "Major faults like the Sohna or Mathura Faults did not trigger this earthquake," he said. He said the shallow depth of the quake (5 km) made the tremors more noticeable and even produced a sound as seismic waves travelled through the air. The earthquake of magnitude 4 hit New Delhi at 5:36 AM. The epicenter was near Jheel Park, Dhaula Kuan, about 10 km southwest of Red Fort, at a shallow depth of 5 km. The tremors were felt across Delhi-NCR and

Co-working centre operators rented out a record 2.24 lakh seats last year across eight major cities mainly on rising demand of managed office space from corporates, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield data showed that co-working or flexible office space operators had provided 1.56 lakh desks in 2023 in Bengaluru, Delhi-NCR, Pune, Kolkata, Mumbai, Hyderabad, Chennai and Ahmedabad. These operators take office space on rent from real estate developers and property owners to set up their facilities and then they provide workspaces to corporates of all sizes, professionals and individuals. "With global enterprises increasingly adopting a 'Core+Flex' leasing strategy, combining traditional offices with managed workspaces, flexible workspace demand is expected to maintain its strong growth trajectory in 2025 and beyond," Ramita Arora, Managing Director (Bengaluru) and Head- Flex, India, Cushman & Wakefield, said. This will further drive ...

Delhi earthquake: Videos capturing the tremors quickly surfaced on social media, showing the reaction of residents to the quake. Many Delhi-NCR residents expressed concern over the sudden jolt

There have been no reports of immediate damage or casualties so far

On Monday, the AQI was recorded at 258 at 8 am and dipped further to 271 at around 4 pm

Delhi-NCR's pollution during October-November is largely of local origin, with stubble burning in Punjab and Haryana contributing 14 per cent to the overall PM2.5 levels in 2022, a study has suggested. Researchers, led by those at Japan's Research Institute for Humanity and Nature under the 'Aakash Project', said that changes in the national capital's air quality could be related more with the stepping up or down of the 'GRAP' anti-pollution measures. The study, published in the journal 'npj Climate and Atmospheric Science', analysed fine particulate matter (PM2.5) data, recorded during the September-November months of 2022 and 2023. For the study, 30 sensors were installed across Punjab, Haryana and Delhi-NCR. Stubble burning, a common practice for clearing land following rice harvest, is often blamed for the sharp and sustained rise in PM2.5 levels, seen in the national capital region during the October-November months. However, the analysis showed that emissions over Punjab from

The CAQM's decision comes as the AQI in Delhi was recorded at 286 on February 3, 2025, which is 64 points below the 350 mark required to implement Stage-III measures

To allow people to participate in the Delhi assembly elections 2025, schools and colleges will remain closed on February 5, 2025. The Haryana government also announced paid leave for employees

Realty firm Macrotech Developers is exploring entry into the Delhi-NCR's residential market as part of its strategy to grow the company's business beyond Mumbai Metropolitan Region (MMR), Pune and Bengaluru, its Managing Director Abhishek Lodha has said. Macrotech Developers, which markets its properties under the Lodha brand, is one of the leading real estate developers in the country. "We are exploring to enter Delhi-NCR housing market," he told PTI in an interview. The company is looking to acquire lands, either outright or joint development agreement with landowners, he added. Macrotech Developers has already bought a land parcel in Delhi-NCR to develop industrial and logistics parks and is now looking at entering the housing business. After establishing a significant presence in both MMR and Pune housing markets, Macrotech Developers had in 2022 entered Bengaluru. The company has already launched two housing projects in Bengaluru and plans to launch three more in the IT ...

The dip in morning and night temperatures in Delhi-NCR is largely attributed to northwesterly winds coming from the Himalayas

For the next six days, the air quality is likely to remain in the 'poor' to 'very poor' category in Delhi and surrounding regions

The owner of FIITJEE and 11 others have been booked on a complaint by the parents of the coaching institute's students after several of its centres in Delhi-NCR shut down, police said on Saturday. FIITJEE founder DK Goyal, Chief Financial Officer (CFO) Rajiv Babbar, Chief Operating Officer (COO) Manish Anand and its Greater Noida branch head Ramesh Batlesh have been named in the FIR, a Noida Police spokesperson said. "Based on the complaint of parents, a case has been registered on charges of criminal conspiracy and breach of trust," Deputy Commissioner of Police (Noida) Rambadan Singh said. On Friday, students and parents said several FIITJEE centres have unexpectedly shut down across Delhi-NCR and many teachers have resigned allegedly due to non-payment of salaries for months. FIITJEE provides coaching for competitive exams to engineering aspirants and has 73 centres across the country. Citing the complaint of Satsang Kumar, a resident of Greater Noida, the Noida Police spokespe

Delhi's AQI stands at a moderate 195, but Noida (100) and Ghaziabad (96) enjoy cleaner air with satisfactory levels

New Delhi's temperature was recorded at 12.6 degrees Celsius at 5:30 am on Thursday, with a 100 per cent chance of rainfall throughout the day

Housing prices in Delhi-NCR appreciated the most among seven major cities with rates rising by an average 30 per cent during the last year on rise in input cost, according to Anarock. Real estate consultant Anarock noted that Delhi-NCR recorded the "highest yearly jump of 30 per cent in average residential price --"from Rs 5,800 per sq ft in 2023 to nearly Rs 7,550 per sq ft in 2024." The sharp increase in housing prices in Delhi-NCR was despite higher supply and a marginal fall in sales during the 2024 calendar year. There has been a significant increase in prices of land and labour as well as construction costs. As per the Anarock data, the housing sales dropped 6 per cent to 61,900 units in the last year from 65,625 units in the preceding year. The fresh supply of housing properties in Delhi-NCR rose 44 per cent to 53,000 units in 2024 from 36,735 units in the preceding year. Overall, Anarock data showed housing prices rose between 13-30 per cent across the top 7 cities, prima

On Saturday, the AQI in the national capital was recorded at 248 after witnessing a marginal improvement from Friday, when the air quality was at 294