MCD plans fresh survey of Delhi's dilapidated buildings

13 Jul 2023 CW Team

According to officials on Monday, the MCD intends to resurvey buildings in high-risk regions.

According to an official, "all engineering staff have been asked to keep vigil on buildings/structures in their respective zones and carry surveys wherever necessary" due to Delhi's unusually heavy rainfall. They claimed that 57 buildings were discovered to be in perilous condition during an assessment conducted before the monsoon.

Teams from the construction and maintenance department who conducted surveys till 6 July reported that 292 of the 30,74,051 houses designated for visits needed repairs. 46 people had damaged properties fixed after receiving notices under the DMC Act, according to a formal report. The official said, "Families have been advised to have damaged portions demolished right away... if action is not taken in a timely manner, then the MCD can recover demolition costs from the owner."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..