Category: Delhi

Does Delhi Draft Master Plan Take Into Account Exigencies Like COVID-19

Master Plan for Delhi (MPD)-2041, the fourth such initiative for the national capital, provides a strategic framework for the city’s growth with a 20-year horizon. Delhi’s population is estimated to reach 29.1 million by 2041— from the current 20.6 million—assuming a medium growth scenario. Being the focal point of the […]

RERA Let Down Customers Whose Housing Projects Stuck After 5 years: Home Buyers Forum

The Forum for People’s Collective Efforts (FPCE), a group that campaigned for the enactment of the Real Estate (Regulation and Development) Act, said the regulation has failed to meet the expectations of scores of homebuyers whose investments were stuck in ongoing housing projects. Enacted five years ago, RERA covered both […]

Commercial Real Estate Occupiers Put Their Leasing Plans On Back Burner In Wake Of The Second Wave Of COVID-19 Pandemic

Ever since the first wave of COVID-19 struck last year compelling corporates to put their employees in work-from- home mode, several corporates across the country have renegotiated rentals with their landlords. As companies reel under the second wave of the pandemic, they continue with reduced rentals carried forward from the […]

As Per JLL Net Absorption For Commercial Real Estate In Delhi/NCR Enhanced By 5% To 1.07 million sq. ft In Q12021

The office market in Delhi NCR witnessed a net absorption increase of 5 percent in Q1 2021 quarter-on-quarter (Q-o-Q), with 1.07 million sq. ft, according to JLL Office Market Update – Q1 2021. Noida contributed 55 percent of the net absorption, backed by strong pre-commitment in the new completions followed […]