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Punjab Cabinet Approves Stilt-Plus-Four Floor Building Rules

CHANDIGARH: On Tuesday, the Punjab cabinet approved the Punjab Unified Building Rules, 2025, which will permit the construction of stilt-plus-four floors in newly developed urban sectors. This decision was made during a council of ministers meeting led by Chief Minister Bhagwant Mann. According to officials, those owning a plot of at least 250 square yards will be eligible to construct stilt-plus-four floors in urban areas. A representative from the Chief Minister’s office stated that the new rules aim to establish a comprehensive and standardized framework for building and development across the state. These regulations will apply uniformly to both the…

Rajasthan Forms Ministerial Committee for Land Allotment Policy 2025

JAIPUR: On Monday, the state government established a six-member cabinet sub-committee to ensure the effective implementation of the Rajasthan Land Allotment Policy-2025, in accordance with provision 7.6 of the policy. The committee consists of Deputy Chief Minister Prem Chand Bairwa, Health Minister Gajendra Singh Khimsar, School Education Minister Madan Dilawar, Social Justice and Empowerment Minister Avinash Gehlot, Revenue Minister Hemant Meena, and Urban Development and Local Self Government Minister of State (independent charge) Jhabar Singh Kharra. The committee will review proposals related to exemptions and relaxations and will present them to Chief Minister Bhajan Lal Sharma along with necessary recommendations.…

Omaxe Group Raises ₹500 Crore from Oaktree

Representative image created by AI NEW DELHI: The Omaxe Group has successfully secured ₹500 crore in funding from Oaktree Capital Management L.P. The financing will expedite the completion of residential, commercial, and public-private partnership (PPP) projects, enhancing the company’s infrastructure and growth initiatives. “This capital infusion allows us to accelerate construction, lessen market reliance, and strategically invest in new ventures aligned with our core markets,” stated Mohit Goel, the company’s Managing Director. Atul Banshal, the Finance Director, mentioned, “We have made significant strides to fortify our balance sheet and enhance financial flexibility in recent years, repaying substantial debt while maintaining…