Page 5 - Delhi-ncr

UP to create State Capital Region like NCR. Here's what you should know

Uttar Pradesh Chief Minister Yogi Adityanath, who initiated this project in September 2022, said that the State Capital Region will be formed to manage the population pressure on Lucknow

Houses worth over Rs 4 cr record 27% growth in sales in Delhi-NCR: CBRE

The first half of 2024 witnessed a surge in the luxury housing market in the Delhi-NCR region, driven by affluent buyers, enhanced amenities, and major infrastructure projects, according to CBRE

Delhi to upgrade weather forecast system amid climate change concerns

The national capital will establish 50 new automatic weather forecast centres, with potential expansion to 100

Avg housing prices jumps nearly 50% in Delhi-NCR, Mumbai in 5 yrs: Anarock

Average housing prices in Delhi-NCR and Mumbai Metropolitan Region (MMR) have risen by nearly 50 per cent in the last five years, driven by higher demand, according to Anarock. Real estate consultant Anarock's data shows that the average rate of residential properties in Delhi-NCR has risen by 49 per cent to Rs 6,800 per square foot in January-June 2024 from Rs 4,565 per square foot in the same period of the 2019 calendar year. Similarly, in the MMR, the average housing prices grew 48 per cent to Rs 15,650 per square feet from Rs 10,610 per square feet during the period under review. Anarock has attributed the rise in prices to steep hikes in construction costs and healthy sales. Prices in both regions had maintained the status quo from late 2016 to 2019, it pointed out. "The COVID-19 pandemic was a boon for these two residential markets, causing demand to soar to new heights. Initially, developers induced sales with offers and freebies, but with demand heading north, they gradual

Rain brings respite in Delhi, no warning for heavy pours as of now

Cloud cover enveloped Delhi as parts of the city received rain on Wednesday, bringing respite from the intense humidity that had gripped the city over the past few days. The weather department, in its notification at 3 pm, said that moderate to heavy rainfall accompanied by thunderstorms, with wind speeds of 40 to 60 kmph, and lightning, is likely to occur across Delhi and the NCR. "There is no warning for heavy rain in Delhi as of now," an India Meteorological Department (IMD) official told PTI. The IMD stated that their predictions analyse models and other measurements, which sometimes do not align. For instance, due to the shifting of the rainfall belt, heavy rain did not occur in Delhi as forecast last time. The minimum temperature in the city was recorded at 29 degrees Celsius, a notch above the normal, it said. According to the IMD, the sky will remain cloudy through the day and the maximum temperature is likely to settle around 35 degrees Celsius. The humidity level stood

Heavy rain causes chaos in Delhi-NCR, 1 dead as airport operations halted

Delhi recorded a heavy 150 mm of rainfall within just three hours between 2.30 am and 5.30 am, marking one of the heaviest downpours of the year

4 of 5 workers in Delhi-NCR prefer flexible work location to beat the heat

Over 80 per cent of the workforce in SMEs, corporate and other enterprises across Delhi-NCR prefers flexible working locations instead of conventional offices, indicating a need to adapt to the changing climatic conditions, said a survey. According to 'Hot Summer@Work 2024' survey conducted by The Office Pass (TOP), a flexible co-working space provider, 35 per cent of respondents preferred to come to office 2-3 times a week, indicating a desire for a balanced approach between office and home. Working from home more often was preferred by 26 per cent, while 24 per cent chose to operate from a caf or co-working space near their home. Only 16 per cent preferred to work from office exclusively, it stated adding that over 80 per cent of the workforce prefers flexible working locations instead of conventional offices. The survey saw participation of over 1,000 employees from SMEs, corporates and some enterprises across Delhi-NCR. The TOP's latest survey was meant to gauge the changes in

Relief from heatwave | Monsoon to hit Delhi-NCR soon

ED conducts raids in Delhi-NCR, Mumbai, Nagpur in Rs 20K-cr bank fraud case

The Enforcement Directorate on Thursday searched about 35 premises in Delhi-NCR, Mumbai and Nagpur as part of a money laundering probe against a company and its promoters accused of perpetrating an alleged bank loan fraud of more than Rs 20,000 crore, official sources said. The raids are being carried out on the Amtek Group and its directors, including Arvind Dham, Gautam Malhotra and others. About 35 business and residential premises in Delhi, Gurugram, Noida, Mumbai and Nagpur are being raided since this morning, the sources said. The probe stems from a CBI FIR against a group entity of Amtek-- ACIL Limited-- on allegations of a bank fraud of more than Rs 20,000 crore in a number of listed companies which were finally taken over in NCLT proceedings at nominal price leaving the consortium of banks with nominal recovery, they said. The Supreme Court too had sought an ED probe, the sources said. This, as per the ED, led to a loss of about Rs 10,000-Rs 15,000 crore to the exchequer,

Drone logistics solution provider Skye Air bags $4 mn in Series A funding

Skye Air, a drone logistics solution provider, on Monday said it has secured USD 4 million (about Rs 34 crore) funding, which will be used to expand the company's operations across Gurugram and other cities for healthcare, and quick-commerce deliveries. The Series A funding was achieved with backing from Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital, and Tremis Capital. Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures and other existing investors, family offices and angels also participated in the funding round. "The fresh capital will help the company expand its last-mile network across Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries," said Ankit Kumar, Founder & CEO of Skye Air. He further said that with the Modi 3.0 government at the centre stage, the company envisages a plethora of growth coming in the Indian drone sector, which will make Bharat a global drone hub by 2030. Maple Capital ...

Brief power outage at Delhi airport hits operations, flights not affected

Delhi airport power outage: Passengers took to the social media platform 'X' to express their frustration and share updates about the power outage at the airport

Gurgaon realtors increase commission twofold to expedite sales of inventory

On an average, real estate brokers nationwide receive a commission ranging from 2-4%, with those in the National Capital Region (NCR) often nearing the higher end of this spectrum

Major electricity outage in parts of Delhi due to fire at UP power grid

Delhi power outage news: The power restoration process has begun and electricity is now gradually returning to different areas, Delhi Minister Atishi said

'Work is work': NCR factory workers forge through heatwave furnace

Some factory owners, in an attempt to counter the heat, have installed fans for each worker, but this measure appears insufficient against the heat radiating from the machines

Half a century is just a number as Delhi's Mungeshpur makes history

If summer of 2024 is remembered for record heat amid elections, Mungeshpur will find a mention too. Ashish Tiwari travels to the Delhi-NCR periphery to feel the heat of the place which made news

Delhi hits record-breaking 52.3 degrees C, its highest-ever temperature

Delhi heatwave updates: Delhi's Mungeshpur weather office, located on the outskirt, reported its temperature at 52.3 degree Celsius at 2:30 pm

East Delhi parking lot fire destroys 17 cars; 5 Chandni Chowk shops ablaze

Two fire incidents were reported in Delhi in the early hours of Wednesday. The fire department said that they were able to bring the fire under control after a couple hours of operation

Delhi nears 50 degrees Celsius: What's causing extreme heat in capital?

Delhi weather updates: Outer areas of the national capital, Mungeshpur and Narela, recorded 49.9 degrees Celsius temperature on Tuesday, which is nine notches above the normal temperature

Fire breaks out at private hospital in West Delhi, six fire tenders at site

The trapped people were safely evacuated from the premises of the Eye Mantra Hospital, where a fire started on the second floor, a Delhi Fire Services official said

Unsold homes in Delhi-NCR drop 57% in last 6 years to 86,420 units in Q4

The unsold housing stock in Delhi-NCR has declined 57 per cent in the last six years to 86,420 units at the end of March quarter this year, according to Anarock. Real estate consultant Anarock said in its latest report that NCR's unsold stock declined from 2,00,476 units at the end of the March 2018 quarter to 86,420 units as of March 31, 2024. In the same period, the main southern cities (Bengaluru, Hyderabad and Chennai) saw their unsold stock decline from 1.96 lakh units in Q1 2018 to over 1.76 lakh units in Q1 2024. Santhosh Kumar, Vice Chairman of Anarock, said, "What really worked for the NCR market was developers' determination to keep new supply addition under control". Quoting Anarock's data, he said the NCR witnessed a total new supply of about 1.81 lakh units between Q1 2018 to Q1 2024. In contrast, southern and western markets witnessed significantly higher new supply additions of about 6.07 lakh units and 8.42 lakh units, respectively. As per the data, the unsold hou