Page 9 - Delhi-ncr

Housing Price Index in NCR rises 17 points in Dec on high demand: Report

Housing Price Index (HPI) in Delhi-NCR increased 17 points in December last year compared to September on high demand, according to Housing.com and ISB report. The Housing Price Index (HPI), a joint initiative by online real estate advisory platform Housing.com and the Indian School of Business (ISB), tracks changes in the selling prices of new residential properties over time. As per the report, "property prices have shown a dramatic rise in the National Capital Region as reflected in the HPI reading of 195 points in December 2024". The average price in Delhi-NCR is Rs 8,105 per square feet. "The HPI reading for NCR showed a 17-point jump in December when compared to the reading seen in September. The price rally is primarily being fuelled by the demand for larger premium properties," the report said. Housing.com and ISB said that the prices are likely to continue to rise in Delhi-NCR. Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com, said, "Firming up prices tells a story

Push for portal to monitor action taken notes on CAG reports on Delhi

The Accountant General (Audit) has urged the Delhi government to set up a portal for real-time monitoring of action taken notes submitted by its departments on CAG reports tabled in the Assembly, officials said on Sunday. The audit reports of the Comptroller and Auditor General (CAG), after being tabled in the Assembly, are discussed in the Public Accounts Committee (PAC). Afterwards, the departments concerned submit action-taken reports on the CAG findings within three months. The Accountant General (Audit) Delhi within one month from the date of submission of the notes vets it. However, at present, there is a "huge pendency" in the submission of action taken notes by various departments of the Delhi government. Citing this, the AG (Audit) office of Delhi earlier wrote to the Principal Secretary (Finance) of the Delhi government to explore the possibility of setting up an online monitoring system on the lines of the Audit Para Monitoring System (APMS)that will help ensure time

Old is gold: Investing in a vintage car is more than your money's worth

Besides the bragging rights that come with one, many vintage cars appreciate in value over time, making them attractive financial assets

CCI's forensic team to analyse data seized in raids on advertising agencies

Competition Commission's forensic experts will be scrutinising the digital data and documents collected during the raids at the offices of some advertising agencies in connection with certain commercial arrangements between the agencies and broadcasters, according to a source. It is suspected that there are alleged anti-competitive practices related to the arrangements with respect to pricing and other aspects. The dawn raids were conducted at various offices of the media agencies in Delhi-NCR and Mumbai that started from Tuesday early morning and ended on Wednesday early morning, the source aware of the development said on Tuesday. A query sent to the Competition Commission of India (CCI) seeking comments on the raids did not elicit any response. The source aware of the development said forensic experts at the CCI's DG office will be examining the digital data and documents collected during the raids. The Director General (DG) of the CCI has been probing alleged anti-competitive

Cong to prioritise district units, all presidents to meet in Delhi

The Congress will hold meetings with its district unit presidents from across the country for three days, ahead of its AICC session, to deliberate on how to empower the district units and make them the focal point of the organisation. The District Congress Committee (DCC) presidents will meet on March 27, 28 and April 3 in three batches at the Indira Gandhi Bhawan here, Congress general secretary in-charge communications Jairam Ramesh told reporters after party president Mallikarjun Kharge and Rahul Gandhi met party general secretaries and in-charges of various states. The party's top brass deliberated on ways to strengthen the organisation and review the preparations for the AICC session set to take place on April 8 and 9 in Ahmedabad. This will be the fourth AICC session in Gujarat with the 1907 session in Surat, the 1938 session in Haripura and the 1961 session in Bhavnagar. "The meeting on March 27, 28 and April 3 will focus on how to bring the party's district units at the cen

NCRTC to introduce co-working spaces at Ghaziabad Namo Bharat station

The National Capital Region Transport Corporation is set to launch Metro-Desk, a co-working space at the Ghaziabad Namo Bharat Station, an official statement said on Saturday. This initiative aims to transform transit spaces into business-friendly hubs, marking a first-of-its-kind coworking model within the Namo Bharat network, the statement read. Designed to cater to professionals, entrepreneurs and small businesses in Ghaziabad and nearby areas, the workspace will be located in the station's concourse area, it stated. It will feature 42 open workstations, 11 private cabins, and two meeting rooms, accommodating up to 42 individuals and 11 companies at a time, it read. It also mentioned that the facility will offer high-speed internet, plug-and-play workstations, and modern amenities to ensure seamless productivity. Ghaziabad Namo Bharat Station, positioned at Meerut Tiraha Mor, sits at the crossroads of the Ghaziabad-Meerut route and benefits from its proximity to Shahid Sthal De

Delhi-NCR commuters may soon see an end to border traffic jams, toll clogs

A govt proposal seeks to relocate toll collection points and implementing new tolling systems at busy corridors such as Delhi-Gurgaon and Delhi-Ghaziabad-Noida routes

Flu cases surge in Delhi-NCR: 54% households report Covid-like symptoms

According to a LocalCircles poll, within the past month, at least 54% of Delhi-NCR homes had one or more people with symptoms like fever, cough, headaches, and respiratory problems

CorporatEdge raises Rs 100 cr equity fund from Carpedium Capital for growth

CorporatEdge, which provides flexible workspaces to companies, has raised Rs 100 crore from private equity firm Carpediem Capital for expansion of its business. In a statement on Thursday, CorporatEdge said the company plans to deploy Rs 350 crore, which includes Rs 100 crore equity infusion. The company will use the funds along with internal accruals to drive expansion across the key markets in India and the Middle East. In India, the company plans to strengthen its presence in Delhi-NCR and Bengaluru while strategically expanding into new markets such as Mumbai, Pune, Hyderabad, Chennai, and Ahmedabad. During the second phase of growth, CorporatEdge will extend its presence into tier 2 cities such as Lucknow, Chandigarh, and Kolkata. "By FY30, the company targets operating 50 centres across 10 cities, with a total footprint of over 1.5 million sq ft," it said. In the immediate term, the company will soon start two centres, spanning 50,000 square feet each, in the next quarter a

Ikea looking for next phase of investment in India, aims growth: CEO

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

South Delhi's real estate potential Rs 5.7 lakh cr, 18,446 plots available

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

Housing prices rise 10% in Oct-Dec in 8 cities, Delhi-NCR tops list: Report

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 expands to Delhi-NCR: Online sales to begin before stores open

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

Delhi earthquake linked to weak rock layers, not tectonic movement: NCS

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 operators rent out 224,000 seats to firms across 8 cities: C&W

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 ...

Why did Delhi's earthquake feel so strong despite a magnitude of just 4?

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

Strong tremors felt in Delhi-NCR as 4.0 magnitude earthquake strikes

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

Delhi air quality dips to 'poor', AQI at 282; Noida, Ghaziabad see relief

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

Most of Delhi-NCR's pollution in Oct-Nov locally created, shows study

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

Grap stage-III curbs revoked as air quality improves in Delhi-NCR region

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