DELHI NCR
IMD plans 3 more radars in Delhi-NCR to improve forecasting capability
In the next two to three years, Delhi-NCR will receive three more Doppler radars, a flood warning model, additional weather stations, and rain gauges to enhance weather forecasting, as announced by IMD chief Mrutyunjay Mohapatra. He clarified that recent heavy rains were not a cloudburst but approached the threshold, attributing the extreme weather event to multiple monsoonal systems and thermodynamic instability.
Signature Global reports Rs 2,700 crore sale from Gurgaon project
Realty developer Signature Global has reported Rs 2,700 crore in sales from its Titanium SPR project in Sector 71, Gurugram. The property offers premium residential units and have garnered overwhelming interest, showcasing the company's commitment to quality and setting a new benchmark in the region's premium housing segment. The project, spanning 14.382 acres, has achieved remarkable sales through a digital process overseen by the Boston Consulting Group.
Three children die after under-construction house wall collapses in Greater Noida
After heavy rains hit Delhi-NCR, three children died when the wall of an under-construction house collapsed in Khodna Kalan village, Greater Noida. Eight children were trapped; three were declared dead, and five are being treated in the hospital. Relief operations are ongoing. Additionally, a canopy collapse at Delhi's Indira Gandhi International Airport's Terminal 1 killed one person and injured eight. Flight operations from Terminal 1 are suspended. Delhi recorded 228.1mm of rain in 24 hours, the highest in June since 1936. Further investigations are underway.
From heatwave to record-breaking rainfall: Severe waterlogging and traffic jams grip Delhi-NCR
Heavy rainfall in Delhi-NCR on Thursday and Friday led to widespread waterlogging and severe traffic jams. The city received 228 mm of rain, marking the highest in June since 1936. The downpour caused significant disruptions, exposing deficiencies in the c...
Delhi rains: Normal life thrown out of gear as NCR inundated in flash flood post heavy rainfall
After prolonged excruciating heatwaves, Delhi & Delhi NCR received incessant rainfall in the wee hours of June 28. However, the respite turned into tension as normal life was thrown out of gear shortly after the downpour. Roads across the national capital...
Delhi rains: LG holds emergency meeting, officials' leave cancelled
Lieutenant Governor V K Saxena conducted an emergency meeting on Friday to address the severe waterlogging in Delhi following prolonged rainfall. He directed officials to establish an emergency control room and deploy static pumps to manage the waterlogging. Saxena instructed that all senior officers on leave return to duty and that no leave be sanctioned for the next two months. He noted the city's lack of preparedness, citing incomplete drain de-silting and a pending Flood Control Order, and urged immediate action.
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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-NCR rain: Traffic hit in key areas due to waterlogging, advisory issued
Delhi-NCR faced significant challenges from heavy rainfall, causing severe waterlogging and disrupting traffic on major roads and underpasses. The Delhi Traffic Police issued advisories, highlighting affected areas like Anuvrat Marg, Dhaula Kuan Flyover, Vir Banda Bairagi Marg, and Aurobindo Marg. Commuters were urged to plan routes carefully amidst ongoing weather warnings from the India Meteorological Department, predicting continued rain, thunderstorms, and gusty winds over the coming days.
Delhi-NCR rain: Heavy rains in the capital city, roads flooded, Delhi metro updates
Before the monsoon declaration, Delhi-NCR faced heavy rain. The Safdarjung Observatory recorded 154 mm of rain. A roof collapse at Terminal 1 led to a temperature drop to 35.4 °C, disrupting flight departures.
'Delhi feels like Venice, boat on road': Few hours of rain brings the capital to knees. Residents share videos of flooded areas
Delhi-NCR experienced heavy rainfall for the second day, offering relief from intense heat but causing significant waterlogging. The IMD predicts more showers. Residents shared concerns over flooded streets on social media. The Safdarjung Observatory recorded 154 mm rainfall, cooling temperatures after nine heatwave days in June. Monsoon is expected in Delhi within days, with forecasts for rain across Rajasthan, Haryana, and more.
Heavy rain lashes parts of Delhi-NCR
Delhi and the National Capital Region (NCR) experienced continuous rainfall accompanied by thunderstorms and lightning starting in the early hours of Friday. This weather event followed spells of heavy rainfall that hit parts of Delhi on Thursday, providing relief from the recent extreme heat.
Delhi-NCR gets much needed respite from heatwave with heavy rainfall
Delhi Rains: Delhi-NCR experienced significant relief from scorching heat with heavy rainfall drenching several parts on Thursday morning. Areas like Sarita Vihar, Munirka, and Noida were particularly affected, with the IMD issuing a yellow alert for heavy rain, thunderstorms, and gusty winds up to 30 km/h. The forecast predicts increasing rain intensity through Friday and Saturday, with possible gusts by Sunday. Temperatures are expected to drop gradually, reaching 34 degrees Celsius on Sunday.
Gross leasing of office space up 8 pc to 158 lakh sq ft in Apr-Jun in top 6 cities: Colliers
India's office market shows resilience with sustained growth driven by positive economic indicators. The surge in demand for quality office spaces, led by technology and manufacturing sectors, is expected to surpass 50 million square feet in 2024, reflecting confidence in the market's future prospects.
Why Delhi-NCR's heat index has jumped to 53 degrees despite no heatwave. Check IMD's weather forecast for this week
Delhi-NCR experienced light rain with high humidity causing discomfort. Heat index reached 53°C. Heatwave unlikely till month-end as IMD predicts light rain this week. The maximum temperature is likely to remain between 40 degrees and 42 degrees this week.
CNG prices hiked in Delhi-NCR, effective June 22
Compressed Natural Gas (CNG) prices in Delhi and the National Capital Region have increased by one rupee, with prices in Uttar Pradesh, Haryana, Rajasthan, and the national capital rising. New Delhi's CNG rate is Rs 75.09 per kg, while Noida, Greater Noida, and Ghaziabad rates are Rs 79.70 per kg.
Housing sales likely to fall 2 pc in Apr-June to nearly 1.2 lakh units across top 9 cities
Housing sales estimated to decline 2% to nearly 1.20 lakh units in current quarter across major cities, mainly due to lower demand in Hyderabad and Pune, as per PropEquity data.
Delhi Weather: IMD forecasts light to moderate rain for Delhi NCR, easing heatwave woes
Delhi Weather: The India Meteorological Department predicts light to moderate rain in Delhi NCR, offering relief from the scorching heatwave. However, the city has seen a surge in heat-related deaths, with hospitals reporting 34 fatalities and a significant rise in admissions due to heat-related illnesses. Despite the rain forecast, authorities advise residents to take precautions against the ongoing heatwave.
Unsold housing stock up 24 per cent in top 7 cities, builders need 22 months to sell: Report
Unsold housing stocks in seven major cities have risen by 24 per cent since 2019, totaling about 4,68,000 units in March 2024. However, realty firms are expected to sell them 31 per cent faster due to high sales velocity, according to JLL India. The time to sell the active unsold inventory has decreased from 32 months in 2019 to just 22 months in Q1 2024, driven by a surge in housing demand.
India’s retail realty expansion to continue led by urbanization, consumption growth
The top seven Indian cities--Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Kolkata, Chennai--will add over 45 million sq ft of retail real estate through 88 new developments. This anticipated growth will outstrip the retail space supply from the past decade (2014-2023), which totaled around 38 million sq ft, showed data from JLL India.
Mumbai, Delhi-NCR, Bengaluru lead Small & Medium REIT investment prospects
India's fractional ownership property market is projected to grow over 10 times, exceeding $5 billion by 2030, driven by office assets suitable for Small and Medium REIT (SM REIT) investments. Mumbai and Delhi-NCR are top hotspots, with significant opportunities in tech markets. SM REITs offer investors professionally managed, rent-yielding assets.
Godrej Properties sells around 650 flats for over Rs 2,000 crore in Noida
Realty firm Godrej Properties Ltd announced the sale of 650 flats in Noida, generating over Rs 2,000 crore in revenue. This marked their successful launch in the city with the Godrej Jardinia project in Sector 146. The project launched in May 2024 showed strong consumer demand for residential properties. MD & CEO Gaurav Pandey spoke about the plan to expand their presence in the city.
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.
Housing prices in top 8 markets rise average 10% on-year in Q1: Report
Residential real estate in top Indian cities saw a 10% average price increase YoY in the Jan-Mar quarter, driven by strong demand. Bengaluru, Delhi NCR, Ahmedabad, and Pune led with double-digit growth. Unsold inventory increased marginally nationally but dropped in Pune, Delhi-NCR, and Ahmedabad. Bengaluru and Hyderabad saw a slight dip in unsold units quarterly. Developers are monitoring stock and demand for new launches.
India’s office leasing demand likely to cross 70 million sq ft in 2024
Demand for Grade A office space leasing in India is expected to exceed 70 million sq ft in 2024, driven by increased rentals and larger deals in key cities like Bengaluru, Pune, and Hyderabad, with contributions from the IT/ITeS and BFSI sectors, Noida, and co-working spaces.
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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