Ncr

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.

Hyderabad, NCR, Bengaluru top choices for NRIs investing in houses: survey

Study says over 77% of NRIs looking to buy bigger homes, with 54% favouring 3BHKs and 23% wanting 4BHKs

Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Co-working space demand rises in H1 even as IT sector share dips

Average monthly office rentals rise across cities, highest in NCR and Hyderabad at 5%

Quick commerce not just a fad, here to stay, says Jefferies report

The Jefferies report was based on a visit to one of Blinkit's dark stores in NCR

What changes can consumers expect in Delhi after change in liquor policy?

From September 1, private liquor vendors in New Delhi and the national capital region (NCR) will shut down their stores and state government will regain control

Why Bengaluru might get a 'unicorn' logo and where it might be placed

A unicorn logo. That's how Karnataka hopes to celebrate Bengaluru, a city that has the most number of startups and unicorns in the country

Demand for rental residential houses rose by 10-20% in 2022: Report

The highest rise in the demand for rental houses was seen in Mumbai and Bengaluru. In both the cities, the demand rose by 15-20 per cent as compared to 2019

Cheap but claiming lives: Banned Chinese manjha keeps killing edge

Lives hang by a thread as the so-called Chinese manjha spares neither man nor animal, flying high on kite fliers' competitive spirit and traders' pursuit of profit

In power in both Punjab and Delhi, can AAP stub farm fires this winter?

Farmers are unconvinced about financial incentives; measures announced in previous years have had little impact

Cost inflation, exceptional expense spoil Jubilant FoodWorks Q1 show

The Ebitda margins are expected to remain in the 24-25 per cent this fiscal and the acquisition of 40 per cent stake in Roadcast Tech Solutions will help improve efficiencies in delivery

Residential sales hit 9-year high in the first half of 2022: Knight Frank

The rise in sales is despite the overall prices of residential property rising over time. Prices, according to Knight Frank, increased across all markets in the range of 3 per cent - 9 per cent YoY

Covid: Delhi-NCR schools take preventive measures to avoid closure

The number of school students testing positive has been on the rise in Delhi, raising concerns among parents.

Kajaria Ceramics launches its largest store to cater to NCR region

Tiles maker Kajaria Ceramics on Wednesday announced the launch of its largest store in the country to sell tiles and bathware products. The 100th Kajaria Eternity World showroom, which has come up in an 11,000 square feet area in Lajpat Nagar, offers tiles and Kerovit bathware products under one roof. "Delhi is one of our most important marketplaces. This centrally positioned store will not only serve the residents of Delhi but also the people of the NCR region," Kajaria Ceramics Chairman & Managing Director Ashok Kajaria said in a statement. Kajaria Eternity is the company's premium brand, offering glazed vitrified tiles. "A bathroom is an essential part of any household...This is only the beginning; we intend to open more large stores across India, Kajaria Bathware Managing Director Rishi Kajaria noted. The store will also function as a resource centre where experienced professionals will teach customers how to make the most of their bathrooms, he said.