Page 7 - Delhi-ncr

Fresh housing supply drops 15% in Jan-Mar across top cities: Report

New supply of residential properties fell 15 per cent during January-March across eight major cities at 69,143 units despite high demand, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield on Friday released the data for launches of residential properties in the primary (first sale) of eight major cities. New supply has increased in Bengaluru and Mumbai but declined in Delhi-NCR, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. Out of the total launches of residential properties in this quarter, the high-end and luxury segment had a 34 per cent share. Listed, large and regionally reputed developers accounted for over 38 per cent of overall launches in the current quarter. As per the data, the fresh supply of housing properties declined to 69,143 units during January-March 2024 from 81,167 units in the year-ago period. Among cities, the new supply increased in Bengaluru to 8,848 units from 7,777 units. New supply in the Mumbai region increased ...

Light rainfall likely in Delhi, NCR areas in next 2-3 hours, predicts IMD

The national capital received rainfall on March 3 as areas like Mandi House, RK Puram, Indraprastha, Kartavya Path, and Central Delhi witnessed fresh showers

Mother Dairy expects 30% demand surge this summer for milk products: MD

Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as it expects a 25-30 per cent increase in consumer demand, a top company official said. Mother Dairy, a leading milk supplier in Delhi-NCR, has nine company-owned dairy processing plants with a total capacity of more than 50 lakh litres per day. In an interview with PTI, Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish said, "Summer is the most anticipated season for our business, especially for categories like ice creams, curd and beverages". "With the Indian Meteorological Department's (IMD) prediction of above-normal temperatures and a hot summer this year, we are expecting a multifold surge in demand for these categories," he added. Already, Bandlish said there is an uptick in sales of ice creams compared to the previous year. The company, he said, is fully prepared to match this growing demand and has invested up to Rs 50 crore to augment capacities to ensure adequa

Prestige Estates Projects buys 62.5 acres in Ghaziabad to build township

Realty firm Prestige Estates Projects Ltd on Thursday said it has acquired 62.5 acres at Indirapuram Extension in Delhi-NCR to develop a township that has a revenue potential of Rs 10,000 crore. The company said the acquisition cost is Rs 468 crore and includes a revenue share with the landlord. In a regulatory filing, the company said this strategic acquisition marks a significant milestone for Prestige Group as it expands its footprint in the dynamic real estate market of Delhi-NCR. The acquired land, with a saleable area of 10 million sq ft, will be developed primarily as residential, complemented by education and retail. This project will be branded under the successful 'The Prestige City' format. "The cost of acquisition amounts to Rs 468 crore, along with a revenue share," Prestige Group said. Commenting on the acquisition, Prestige Group Chairman and Managing Director Irfan Razack said, "We are excited about acquiring this prime land in NCR, presenting an excellent opportu

SC grants interim bail to businessman in Delhi Excise policy 'scam'

The Supreme Court on Wednesday granted five-week interim bail to Hyderabad-based businessman Abhishek Boinpally, who has been arrested in a money-laundering case related to the alleged Delhi excise policy scam. A bench of Justices Sanjiv Khanna and Dipankar Datta granted the interim bail to Boinpally owing to the health condition of his wife, who is suffering from various ailments. The bench noted that the businessman has been in custody for 18 months. It, however, asked him to give a phone number to officials of the Enforcement Directorate by which they can remain in touch with him. The bench also asked him to surrender his passport and directed him to not leave the National Capital Region except for a visit to his hometown Hyderabad. The top court passed the order on Boinpally's bail plea. He has also challenged the July 3, 2023 order of the Delhi High Court that dismissed his petition questioning the legality of his arrest on October 9, 2022. Boinpally had challenged his arres

Mother Dairy to invest Rs 750 cr to set up 2 dairy processing plants

Mother Dairy will invest Rs 650 crore to set up two new plants for processing of milk as well as fruits and vegetables to expand its business amid rising consumer demand. Mother Dairy, which is a leading milk supplier in Delhi-NCR, will also invest another Rs 100 crore to expand capacities of its existing plants. "In our endeavour to expand our distribution and reach to our consumers, we have earmarked a capital expenditure (capex) outlay of over Rs 750 crore to enhance our dairy and F&V (fruits and vegetables) processing capacities across key locations," Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish told PTI. Mother Dairy is coming up with a big dairy plant in Nagpur, Maharashtra with an investment of around Rs 525 crore, he said. The greenfield plant will have a processing capacity of 6 lakh litres of milk per day, which can be expanded up to 10 lakh litres a day. This upcoming plant will serve the markets of central and southern regions. "We also plan to ...

ED raids against RJD family associate in homebuyer's funds fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Delhi-NCR as part of a money laundering investigation against a realty and liquor group promoted by Amit Katyal, an alleged "close associate" of RJD chief Lalu Prasad's family, official sources said. Katyal was arrested by the central agency last year in the alleged railways land-for-jobs scam involving Prasad, his wife Rabri Devi, son and former deputy CM Tejashwi Yadav, MP daughter Misa Bharti and some other children. A total of 27 premises of Haryana-based Krishn Buildtech Pvt Ltd in Delhi, Gurugram and Sonipat are being searched under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said. The company is promoted by Amit Katyal and Rajesh Katyal. The probe pertains to alleged siphoning of homebuyer's fund worth Rs 400 crore by the promoters of the company and parking them abroad, they said. The agency alleged that Amit Katyal sent more than Rs 200 crore of homebuyer's funds to Sri ...

Cong's poll body meets to finalise 1st list of candidates for LS elections

The top leadership of the Congress is attending a meeting in the national capital on Thursday to finalise the party's candidates for the upcoming Lok Sabha elections. Congress president Mallikarjun Kharge, former party chief Sonia Gandhi and general secretary, organisation, K C Venugopal, as well as other senior leaders who are part of the Congress' Central Election Committee (CEC) were present at the meeting. Finalising candidates for Delhi, Chhattisgarh, Karnataka, Telangana, Lakshadweep, Kerala, Meghalaya, Tripura, Sikkim and Manipur, among others, is expected to be discussed during the meeting. The Congress has not declared any candidate so far. Last week, the BJP came out with its first list of 195 candidates for the Lok Sabha elections. Congress sources said the party is likely to declare its first list of candidates soon to enable the candidates to start their poll campaign. Speculation is rife over Rahul Gandhi's candidature from Amethi and Priyanka Gandhi Vadra's from Rae

Delhi-Meerut Rapid Rail extended: Check station, tickets details here

Prime Minister Modi is set to inaugurate a 17km extension of Duhai to Modi Nagar North, which is due to begin next week and will reduce travel time between Delhi and Meerut to under an hour

Delhi traffic updates: 14 routes regulated till Mar 3 for Mehrauli event

During the event hours, the Delhi police advised the emergency vehicles to use the Mehrauli-Gurugram Road instead of Dera Road or Mandi Road

Delhi logs best air quality for Feb in 9 years, AQI below 200 on most days

The data also showed that the national capital did not see a single day with an AQI above 400 in February. An AQI of above 400 marks the 'severe' category

Natural Ice Cream parlour among 7 units sealed in Delhi's CP over tax dues

Notices were served to many establishments in the area, however, not all of them were sealed, the NDMC said

New guidelines for overage vehicles plying on Delhi roads. Check details

The norms apply to petrol-run vehicles above the age of 15 years and diesel-run vehicles above the age of 10 years. These vehicles are banned in Delhi

'Bharat Bandh' today: Traffic snarls likely, rural affairs on halt. Updates

Bharat Bandh: The major impact of the Bandh is likely to be seen in rural areas. The Bandh will be observed between 6 am and 4 pm

Death toll in Delhi's Alipur market fire rises to 11, four injured

The death toll in an explosion and subsequent fire in a paint factory in outer Delhi's Alipur area has climbed to 11 with four more bodies recovered from the premises, police said on Friday. Four people were injured in the fire that broke out on Thursday evening and are undergoing treatment at a hospital, they said. The charred bodies of the 11 victims were recovered from the factory, which also houses chemical godowns, located in Alipur's Dayalpur market, a Delhi Fire Services (DFS) official said. The fire was preceded by a blast and soon it spread to nearby buildings, including a drug rehabilitation centre and eight shops. The DFS official said a call about the fire was received around 5:30 pm on Thursday and 22 fire tenders were pressed into service. The blaze was brought under control by 9 pm, he said, adding that 11 charred bodies were recovered from the factory premises. In a post on X, DFS chief Atul Garg said, "Despite best efforts by DFS, 11 labours died in paint factory

Delhi biz hit due to farmers' march, buyers' footfall from NCR down by 75%

Delhi's business affected by farmers' movement is witnessing 75 per cent reduction in customers coming from NCR regions, according to a statement by Chamber of Trade and Industry (CTI). The CTI said that every day around three lakh people come from NCR for shopping. Due to farmers' movement, less than one lakh people are coming. According to Brijesh Goyal, chairman of CTI and president Subhash Khandelwal, the leading organisation of traders, the number of customers in Delhi markets has declined by 75 per cent, with more than 15,000 commercial vehicles have been stopped from entering the city and more than 25,000 commercial vehicles stuck in Delhi. Around three lakh buyers from NCR cities -- Sonipat, Panipat, Rewari, Bahadurgarh, Narnaul, Gurgaon, Bawal, Noida, Faridabad, Ghaziabad etc -- visit the markets of Delhi every day, the statement said. On Wednesday, on Basant Panchami, there are about 40,000 marriages scheduled to take place in Delhi but due to the farmers' movement, guest

Farmers' protest: Security causing problems for villagers along NCR border

As agitating farmers head to the national capital, villagers residing along the border with Haryana are facing inconvenience, with tight security arrangements and traffic diversions making daily commuting difficult. Many are also worried about possible face-off between protesters and police on the heavily barricaded entry roads. The multi-layer security arrangements to prevent the entry of protesters in Delhi have restricted the movement of locals. "We have nothing to do with any protest, but to reach home after work we are asked to show our ID cards at more than three different places," said Raja Ram, who works as a labourer and is a resident of Tikri Kalan. The Delhi Police has been preparing to stop the farmers from entering the national capital aa a meeting between the agitating groups and Union government in Chandigarh yielded no results. According to officials, more than 5,000 police personnel, including paramilitary forces, have been deployed in border areas -- Tikri, Singh

Farmers' protest triggers Section 144 in Delhi: What's allowed, what's not

Farmers' protest: In view of the 'Delhi Chalo' march, the national capital will face restriction under Section 144 for a period of 30 days starting February 12, the Delhi police said

Farmers' protest: Govt to hold talks, section 144 in Delhi-NCR. 10 updates

Farmers' protest: About 200 farmer bodies from UP and Haryana will launch a 'Delhi Chalo' march on February 13. The Centre has invited the farm bodies for a discussion on the demands on Monday

Locals complain of 'gas leak', eye irritation in parts of north, east Delhi

Panic gripped some parts of north and east Delhi when locals and commuters complained of eye irritation and suffocation on Saturday evening, officials said. Calls were made to the fire department about a "gas leak", but officials could not confirm finding any suspicious gas. Delhi Police said anti-riots mock drill exercise was conducted at Yamuna Khadar, which falls between some parts of east and north Delhi. An officer said it appeared that the smoke due to tear gas shell might have been behind the incident, but added that it was not yet verified. Sources said that Delhi Police has been preparing for a potential farmers agitation intended to be held on February 13. According to officials of Delhi Fire Service (DFS), a call of gas leak was received at 6.30 pm from near Geeta Colony flyover. Two fire tenders reached the spot and tried to locate the suspicious gas they could not find it. Farmer groups have announced a 'Delhi Chalo' march on February 13 to press the Centre for acce