Delhi is highly vulnerable to earthquakes, falling under seismic level IV. Many buildings lack proper safety codes, raising concerns about the readiness to handle a severe quake.
DLF plans to raise ₹1000 crore by mortgaging retail assets to reduce its ₹19,508 crore debt. This involves a new Commercial Mortgage Backed Security product, attracting investors like pension funds and insurance firms.
The DDA is set to reconstruct unsafe buildings in Delhi, pending owner consent and financial arrangements following a recent survey identifying critical areas.
Parsvnath Developers is in talks with Sahara Group and ICICI Bank to sell its 1.18-acre plot near Connaught Place, aiming to reduce its Rs 1,300 crore debt.