Page 2 - Ncr

Delhi-NCR 6th most expensive office rental mkt among APAC's top 23 cities

Delhi-NCR is the sixth most expensive market among Asia Pacific's prime office markets with an annual occupancy cost of USD 78.4 per square foot during the July-September period, according to Knight Frank. Occupancy cost includes rent, local taxes and other charges. Real estate consultant Knight Frank has released its Asia-Pacific Prime Office Rental Index for Q3 (July-September) 2023. Hong Kong SAR continued to be APAC's most expensive office market during the quarter with an occupancy cost of USD 164.7 per square foot per year. Mumbai was the ninth most expensive commercial market in the APAC region with an annual occupancy cost of USD 70.5 per square foot. Occupancy cost of prime office space in Bengaluru was USD 36.1 per square foot per year and the city was ranked 19th out of 23 cities tracked across the APAC region. Singapore was the second most expensive followed by Sydney, Tokyo and Seoul. Beijing ranked seventh, Ho Chi Minh City eighth and Shanghai 10th. "Demand for off

'Steps to curb pollution won't be effective till NCR states check sources'

Delhi Environment Minister Gopal Rai on Tuesday demanded that the Centre impose a complete ban on firecrackers and allow movement of only CNG and electric vehicles in the entire National Capital Region in a bid to curb air pollution. Rai, in a letter to Bhupender Yadav, his counterpart at the Centre, said the Delhi government has taken numerous steps to curb air pollution during the winter season. "But these steps will not be effective until Haryana, Rajasthan and Uttar Pradesh deal with the sources of pollution in the NCR region." A report by independent environment think tank Centre for Science and Environment shows that 31 per cent of Delhi's pollution comes from sources within the national capital while 69 per cent is from sources in NCR states, he said. Rai demanded that the Centre convene an emergency meeting to discuss solutions to factors contributing to air pollution in the national capital. The states in the National Capital Region (NCR) should impose a complete ban on ..

PM's Principal Secy chairs task force meeting on air quality in NCR

The Principal Secretary emphasised the need to shift to cleaner fuels and EVs and develop EV Charging facilities

Delhi govt demands joint meeting of NCR states on stubble burning

On efforts undertaken by the Delhi govt to curb air pollution, Gopal Rai said, "Delhi govt taking various steps under Winter Action Plan to reduce pollution, such as spraying of Pusa biodecomposer''

I-T dept conducts raids in offices of several builders in NCR, Haryana

Income Tax department on Friday launched raids in offices and other premises of several builders in Gurugram and other cities, a department official said. The I-T department is conducting searches at 28 places belonging to builders accused of tax evasion, the official said. Apart from Gurugram, the raids were conducted in Chandigarh, Karnal, Delhi, Ludhiana and Rewari, the official said. The searches began at 6 am and continued till late Friday evening in which the I-T department confiscated some documents, the official said. In Gurugram, CRPF personnel were deployed outside the locations where raids were being carried out.

Dwarka Expressway: Potential to house tallest buildings in Delhi NCR

Mumbai dominates tall buildings in India, accounting for 77%, followed by Hyderabad at 8%, Kolkata at 7%, and Noida at 5%. Gurgaon, Bengaluru, and Chennai each contribute 1%

Fresh spell of rain in national capital, minimum temperature 25.2 deg C

There was a fresh spell of rain in the national capital on Saturday morning and the minimum temperature settled at 25.2 degrees Celsius, two notches below the season's average, the India Meteorological Department said. The department predicted generally cloudy skies with moderate rainfall during the day. It said the maximum temperature is likely to settle around 34 degrees Celsius. In the 24-hour period till Saturday morning, the city has witnessed 54 mm of rainfall. The humidity at 8.30 am was recorded at 100 per cent. According to the Central Pollution Control Board data, the Air Quality Index (AQI) stood in the "satisfactory" category with a reading of 91 at 9 am. An AQI between zero and 50 is considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', and 401 and 500 'severe'.

Unsold housing stock drops 21% in Delhi NCR in April-June quarter: Anarock

It is the steepest drop of available stock among the top seven cities in India

L-G approves allotment of land for Delhi-Meerut RRTS corridor project

Lieutenant Governor (LG) V K Saxena has approved allotment of 297 sqm of land at Jangpura for the Delhi-Meerut RRTS corridor project, Raj Niwas officials said on Saturday. The allotment of the land, belonging to the Delhi Urban Shelter Improvement Board (DUSIB), was "pending for the last two years" and was critical for implementation of the Regional Rapid Transit System (RRTS) project, they said. The semi-high-speed regional rail service RAPIDX on the Delhi-Ghaziabad-Meerut RRTS corridor will bring down the travel time between Delhi to Meerut significantly. The project is helmed by the National Capital Region Transport Corporation (NCRTC). The LG has approved allotment of 297 sqm of land keeping in view the national importance and public interest involved in the Delhi-Ghaziabad-Meerut RRTS project, a senior official said. This land was required for providing connectivity with the stabling yard at Jangpura from the Ring Road at Nehru Nagar for implementation of the 82.15-km semi-hig

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Ensuring flow of Yamuna water to Delhi, no illegal blockades: Haryana to HC

Ensuring free flow of Yamuna water to Delhi, Haryana tells HC

BCD to reconsider notification making ID with NCR address compulsory

An advocate and Delhi University alumna has filed a plea before the high court challenging the BCD's notification

45% of property seekers in NCR want to buy 3BHK homes: CII-Anarock report

58% of Indians want to buy properties priced between Rs 40 lakh to Rs 1.5 crore

NCR clears residential inventory faster than other markets in past 5 years

According to an Anarock report, NCR achieved a reduction of 43 months in its 5-year stock of homes, from 66 months by the first quarter of calendar year 2018 to 23 months by Q1 of 2023

Duhai Depot of Delhi-Ghaziabad-Meerut RRTS corridor opens: Official

The Duhai Depot of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) corridor is now functional with state-of-the-art facilities, National Capital Region Transport Corporation officials said on Monday. Earlier, the officials had said that the 17-km Duhai-Sahibabad priority stretch of India's first RRTS was set to be operational by the last week of March and the focus would be on making it the most environment-friendly and commuter-centric transport system. "Duhai Depot, key to managing operations on the Delhi-Ghaziabad-Meerut RRTS corridor, is ready. State-of-the-art modern facilities for the complete care of RRTS trainsets are now functional," an official of the National Capital Region Transport Corporation (NCRTC) said. They said that infrastructure including administration building, workshops and inspection bay lines have been built in less than two years. The RRTS is a rail-based high speed, high frequency, regional commute transit system connecting metropolitan a

Data centre capacities in India to rise six-fold in next six years: Icra

Mumbai, Hyderabad and the National Capital Region (NCR) will account for 70-75 per cent of the installed DC capacity

Leasing of industrial, logistics space highest in NCR in 2022: CBRE

Leasing of industrial and warehousing space was highest in Delhi-NCR and adjoining areas during 2022 at 7.3 million square feet driven mainly by demand from third party logistics and e-commerce firms, according to CBRE. The leasing grew by 6 per cent in Delhi-NCR to 7.3 million square feet in 2022 from 6.9 million square feet in the previous year. In its latest report, CBRE said that the leasing of industrial and logistics space across eight major cities rose 8 per cent to 31.6 million square feet in 2022 from 29.4 million square feet in the previous year. Commenting on the report, Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "The intent to strengthen supply chain among global and domestic companies drove the leasing activity in 2022." The leasing activity in 2023 is expected to remain range-bound, driven by sustained demand from 3PL (third party logistics), engineering & manufacturing and retail firms, he added. "On the ...

What is the Regional Rapid Transit System? Everything you need to know

RRTS will offer high-frequency, point-to-point travel at an average speed of 160 kmph

Use of unapproved fuels, coal in NCR industries will shut down post-Jan 1

The Centre's air quality panel on Wednesday said industries using unapproved fuels, including coal, in Delhi-NCR will be closed down straightaway from January 1 and heavy fines will be imposed on them. However, the use of low-sulphur coal in thermal power plants is allowed, it said. "Pollution control authorities have been directed to close down industries and commercial establishments using unapproved fuels, including coal, without giving them any show cause notice. "Maximum environmental compensation will be levied on them according to the guidelines of the Central Pollution Control Boards," an official of the Commission for Air Quality Management (CAQM) said. The use of low-sulphur coal is also allowed in captive thermal power plants, the official clarified, saying "it could be used wherever the primary purpose is power generation". Firewood and biomass briquettes can be used for religious purposes and cremation, wood or bamboo charcoal can be used for tandoors and grills of ..

NCR witnesses highest YoY dip in new launches of residential units: Study

The study by the real estate consultancy firm, Anarock, said that NCR accounted for 7 per cent of the total new supply in Q3 2022 across the top seven cities.