DDA Enables Bulk Flat Purchases by Private Firms

09 Feb 2024 CW Team

The Delhi Development Authority (DDA) has recently amended its regulations, allowing private companies to purchase residential flats in bulk. This significant change, made to the DDA (Management and Disposal of Housing Estate) Regulations of 1968, aims to facilitate the acquisition of properties by non-governmental legal entities for uses such as residential staff quarters or hostels. This policy is expected to spur the growth and development of private sectors, particularly in industrial, educational, and other areas, contributing to the overall development of the city. A notable aspect of this initiative is the focus on Narela, an upcoming area in Delhi. DDA is offering discounts of up to 25% for Middle Income Group (MIG) flats in Narela's Sector A1-A4. Additionally, a 15% discount is available to the general public, and a 25% discount to employees of the Central Government, State Government, and Government Autonomous bodies. This scheme includes more than 440 flats in the ongoing First-Come-First-Serve (FCFS) scheme. Furthermore, a 15% discount on 246 Lower Income Group (LIG) flats in Ramgarh Colony is also being offered, previously part of the Special Housing Scheme 2021. These flats are conveniently located near Jahangirpuri Metro Station, making them accessible and desirable.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..