DELHI LUXURY CARS DELHI
Loosen the chokehold on our city roads
Delhi's vehicle population has risen by about 30% a year, while public parking sites remain relatively stagnant at 420. Progressive parking charges can help - higher rates for locations with high traffic inflow and parking demand, differential parking rates reflecting peak and off-peak hours, and efficient and smart parking solutions to optimise existing spaces.
Residential property sales highest in a decade: Not affordable housing, but this segment emerges as top favourite
India's real estate sector remained buoyant as residential housing sale surged to an 11-year high in the first half of 2024. A total of 1.73 lakh residential units sold during the January-June period of 2024, according to the Knight Frank report. Mumbai led with 47,259 units sold, up 16% during H12024. The premium housing sales rose to 34% market share in H1 2024, from 15% in H1 2018. Meanwhile, the affordable housing segment sales dropped to 27% in the January-July period 2024.
Car near Taj Palace Hotel in Delhi catches fire; video of incident emerges
Delhi has experienced an increase in fire incidents, with a recent car fire near Taj Palace Hotel. The number of fire-related calls decreased by almost 50% after the onset of the monsoon. Tragic events, such as the hospital fire in Vivek Vihar, highlight the importance of fire safety.
Watch: Rolls-Royce Ghost breaks down in waterlogged Delhi road, Internet users suggest use 'Alto'
In a viral video, a Rolls-Royce Ghost was seen stuck on a waterlogged road in Delhi. The luxury black vehicle was stranded with its hazard lights blinking, while more modest cars navigated the flooded street with ease. The incident was captured by a Maruti Suzuki driver and shared on Instagram.
Audi India sales dip 6 pc in June quarter
Audi India on Monday reported a 6 per cent dip in retail sales at 1,431 units during the April-June quarter this year. The German luxury carmaker had sold 1,524 units in the year-ago period. "While the supply situation in Q2 2024 has improved compared to Q1 2024; it still played a limiting factor on our sales performance," Audi India Head Balbir Singh Dhillon said in a statement.
Radhika Gupta trades car for 'fabulous metro' amid Delhi's heavy rain: Photos from Edelweiss CEO's day out
Radhika Gupta, CEO of Edelweiss Mutual Fund, shared her experience navigating Delhi's heavy rainfall on social media. She opted for the metro when her car got stuck in waterlogged streets, enjoying local cuisine and maintaining a positive outlook despite the challenges. Her post garnered praise for resilience amidst adversity, reflecting widespread disruptions including flight cancellations and infrastructure damage.
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Thief steals car with children in Delhi, demands Rs 50 lakh ransom, abandons vehicle after police chase
According to officials, the incident occurred at around 11.40 pm when a couple went to a confectionery shop on Laxmi Nagar Vikas Marg and left their two children in the car parked outside the shop. The couple left the vehicle running with the AC on for the kids while they went inside to buy sweets. During this time, a suspect opened the vehicle's door and drove away with the children inside.
Iron rods rained down on cars: Delhi airport roof collapse victims narrate horrific story of lucky escape
Heavy rainfall triggered a canopy collapse at IGI Airport's Terminal 1, claiming a cab driver's life and injuring multiple individuals, leading to significant flight disruptions. Eyewitnesses recounted the harrowing incident, emphasizing the near-miss for many present. Legal and technical investigations are underway, as authorities and emergency responders continue recovery efforts. DIAL has suspended terminal operations temporarily, ensuring safety before resuming normal services. Compensation has been announced for victims, highlighting ongoing efforts in infrastructure safety and maintenance.
By 2027, no of branded residences projects forecast to increase to 1200: Noesis Capital Advisors Report
While the Noesis analysis shows that the price premium of such residences globally is very high, in comparison, India currently sees a price premium of around 21-40% as per the market. The company said there is no reason to indicate why this number cannot go up in the future.
Delhi Airport roof collapse: No loud noise, chaos when iron rods fell on cars, says eyewitnesses at Delhi airport
Delhi airport roof collapse: The roof collapse incident at Delhi airport's Terminal-1 led to injuries and one fatality, prompting swift rescue operations and the evacuation of affected individuals. Civil Aviation Minister Naidu supervised the response, ensuring passenger safety, while DCP Rangnani coordinated the investigative efforts at the site.
Chaos at Delhi Airport: Terminal 1 roof collapse leaves cars buried, 1 dead and flights suspended
IndiGo has canceled all flights to/from Terminal 1 due to the partial closure of Delhi Airport caused by heavy rains. Delhi and NCR (National Capital Region) received incessant rainfall accompanied by thunderstorms and lightning beginning in the early hours of Friday.
Delhi govt might impound your vehicle parked in public spaces for this reason
Delhi govt empowers enforcement wings to impound overage vehicles found parked in public places, even with NOC, if not moved out of Delhi within one month.
Air India Express, Zoomcar partner to allow booking cars directly from airports
Zoomcar Holdings has partnered with Air India Express to offer customers the ability to book self-drive cars directly from the airport through the airline's mobile app and website in 19 cities. The collaboration provides extensive fleet options, including space for baggage with add-on packs, enhancing personalized travel experiences for guests.
EV policy in limbo, Delhi electric car buyers not getting subsidies for last six months: Report
Amid non-renewale of Delhi's EV Policy, subsidies are not reaching car buyers. While the govt blamed bureaucratic procedures for the delay, some officials blamed the banks for delaying subsidy disbursal.
Hyundai flags concerns with 'changes' by Indian govt ahead of planned Rs 25,000 crore IPO
Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in the local unit, flagged the importance of stable policies for confidently making technological upgrades. They also highlighted concerns about localisation norms like PLI for automotive technology, aiming to reduce import dependence and lower manufacturing costs with significant initial capital investments.
Toyota Kirloskar Motor looks to expand used car biz across key cities
Toyota Kirloskar Motor aims to expand its used car business in key cities with the inauguration of the first Toyota Used Car Outlet (TUCO) in New Delhi, targeting the growing Indian used car market.
No need for speed: Luxury cars' involvement in accidents spur worries
Speeding luxury cars have caused several fatal accidents across India, highlighting the dangers of reckless driving. Recent incidents in Pune, Noida, and Bengaluru involved high-end vehicles like Porsche, BMW, and Audi, resulting in deaths and injuries. The rise in road accidents underscores the need for stricter licensing regulations and pedestrian-friendly infrastructure.
17 cars gutted in east Delhi, 5 shops damaged in Chandni Chowk blaze
Fire at civic authority-run parking lot in east Delhi's Madhu Vihar area damages 17 cars, including an SUV. No injuries reported, controlled by Delhi Fire Service in 4 hours.
"Could not even brush for two months": Rishabh Pant recalls struggle after car accident
India wicketkeeper-batter Rishabh Pant opened up about his life-threatening road accident in December 2022. He revealed the severity of his injuries which left him unable to even brush his teeth for two months. Despite facing multiple fractures and undergoing extensive treatment, Pant made a comeback in IPL 2024 after 15 months of rehabilitation. The batter will be seen in the upcoming ICC Men's T20 World Cup.
Realty developer TARC reports highest ever pre sale and collection in FY24
Realty developer TARC Ltd achieved record pre sales of Rs 1,612 crore and collections of Rs 415 crore for FY24. The revenue was driven by strong demand in luxury residential properties, especially in Delhi and Gurugram. TARC Kailasa in Central West Delhi, with a revenue potential of Rs 4,000 crore, has seen positive response, with Phase I already sold out. TARC Tripundra, with a revenue potential of over Rs 1,000 crore. The company plans to launch a new project in Gurugram with a total revenue potential of Rs 2,600 crore.
Pune car crash: Juvenile's father, five others sent in judicial custody
Vishal Agarwal and the car crash victims were involved in a fatal incident in Pune. The court remanded Agarwal and others in judicial custody for allegedly consuming alcohol at liquor-serving establishments before the Porsche car, driven by a minor, knocked down two software professionals on a motorbike. Pune Police Commissioner Amitesh Kumar highlighted attempts to shift blame.
Unsold housing inventory dips by 57% in NCR in five years
Residential real estate upcycle aids NCR, slashing unsold stock by 57% in 5 years, topping nationwide improvement. Southern cities saw moderate declines. Controlled supply boosts NCR's success, buoyed by renewed buyer confidence and regulatory reforms. Gurgaon and Greater Noida lead reductions. Luxury segment drives demand, signaling further project surge.
Kia partners with Orix to introduce vehicle lease programme
Kia India has partnered with Orix auto infrastructure services to launch the 'Kia Lease' program, aiming to provide customers with a hassle-free ownership experience without maintenance, insurance, or resale concerns. The initiative has been rolled out in major cities like Delhi NCR, Mumbai, Hyderabad, Chennai, Bengaluru, and Pune. Kia India anticipates significant growth in the leasing segment, aligning with the global trend and catering to the evolving needs of consumers.
Delhi car showroom firing: Shooter killed in encounter with police
A shooter, Ajay alias Goli, was killed in an encounter with the Delhi Police Special Cell near Shahbad Dairy. Ajay, a native of Haryana's Rohtak, was involved in a dozen murder cases and registered under the Arms Act. He and Mohit Ridhau opened fire at a luxury car showroom in west Delhi, causing seven injuries. The shooters left a note with the names of three gangsters.
Rs 5 crore budget may not guarantee luxury housing in NCR, prices scale new highs
With homes priced at ₹6 crore and above getting sold out within hours of launch, developers are not keen on launching smaller sized apartments, forcing end users to wait for the current uptick in the market to stabilise. The trend is also worrying industry experts as it is giving rise to speculative buying which might eventually cause a bubble in the property market.
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