DDA to enroll buyers for new scheme starting November 24

20 Nov 2023 CW Team

The commencement of the registration process for 32,000 recently constructed flats under the Festival Special Housing Scheme, 2023, by the Delhi Development Authority (DDA) has been scheduled to begin from the upcoming weekend. These flats are situated in Dwarka in southwest Delhi, Loknayak Puram in west Delhi, and Narela in northwest Delhi.

As per DDA officials' announcement, the registration for approximately 28,000 flats designated for the low-income group (LIG) and economically weaker section (EWS), to be sold on a first-come-first-serve basis, is set to initiate on November 24. The registration process for flats available through e-auction will commence at the end of November, accompanied by a nominal registration fee. Registrants will be granted a minimum of 20 days to personally visit the flats.

Officials stated that, for the first time, an e-auction is planned for flats in the middle-income group, high-income group, super high-income group, and penthouse categories. This initiative will allow buyers to assess the prices of flats in various blocks and locations. A total of 1,100 luxury flats, including penthouses and super high-income group (HIG) flats, located at Dwarka 19B overlooking the upcoming golf course of DDA, will be put up for auction. Additionally, there are 316 middle-income group (MIG) flats in Sector 14, Dwarka, and 647 in Loknayak Puram, all of which will be sold through an auction.

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..