Category: Latest Stories

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Latest StoriesResidential

Telangana Explores PPP Model for Affordable Housing

HYDERABAD: Telangana is committed to ensuring every family has access to affordable housing by 2047, according to revenue, housing, and I&PR minister Ponguleti Srinivas Reddy, who spoke at the ‘Telangana Rising 2047 – Global Summit’ on Tuesday. The minister stated that the government is finalizing a long-term housing policy that prioritizes economic viability, environmental responsibility, and technology to close the widening gap between housing demand and supply. “Our aim is to move beyond piecemeal schemes and establish a comprehensive policy for the next two decades,” he explained, indicating the state’s interest in exploring Public-Private Partnership (PPP) models for affordable housing…

InfrastructureLatest Stories

Surat accelerates land acquisition for transport hub project

SURAT: The Surat Municipal Corporation (SMC) is expediting the acquisition of private land necessary for the Multi-Modal Transport Hub (MMTH) project located near the GSRTC building and the Khand Bazaar railway underbridge. Phase 1 of the project is advancing rapidly, with the GSRTC Inter-State Bus Terminal (ISBT) nearing completion—42% of the work on the east side of Surat railway station has been finished. The elevated road corridor under Phase 2 is approximately 25% complete. To assess progress, municipal commissioner Shalini Agarwal conducted a site inspection, urging officials to hasten the acquisition of private land for the elevated road. She also…

Latest StoriesResidential

7,000 Returnable Plots in Amaravati Still Unregistered: Minister

Representative AI image AMARAVATI: Andhra Pradesh Municipal Minister P Narayana announced on Tuesday that 7,000 out of the total 66,000 returnable plots designated for farmers who contributed land for the new capital city of Amaravati remain unregistered. He mentioned that farmers are currently registering between 30 to 60 plots daily. “Only 7,000 plots are yet to be registered out of 66,000. Farmers are actively registering between 30 to 60 returnable plots each day,” Narayana stated in a press release. He also highlighted that 1,891 plots, involving 450 farmers, are caught in family disputes. The government has made arrangements to facilitate…

IndustryLatest Stories

Greater Noida to Target Builders for Unpaid Rehab Dues

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has appointed Currie and Brown to evaluate builders who have defaulted as it begins to revoke benefits from those violating the stalled-project policy. This initiative aims to revitalize halted real estate projects, with ₹1,382 crore recovered from the total dues of ₹4,749 crore. So far, 17,334 housing units have been registered despite ongoing challenges. Recently, the GNIDA board decided that all benefits under the state’s stalled-project policy will be withdrawn from developers who have neither settled their dues nor engaged with the scheme. Of the 98 projects identified for…

Latest StoriesResidential

Assam CM Distributes PMAY-G Sanction Letters to 3.25L Beneficiaries

GUWAHATI: Assam Chief Minister Himanta Biswa Sarma announced on Tuesday that the government is committed to providing ‘pucca’ (concrete) houses for all citizens in the state. He made this statement during the launch of the distribution of sanction letters to 325,234 beneficiaries under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) at a state-level event held in Boko, Kamrup district. Sarma highlighted that the initiative aims to secure housing for economically disadvantaged families nationwide, emphasizing the state’s determination to ensure all eligible individuals receive benefits. He noted that on May 19, 2022, the state government distributed sanction letters to 500,000 beneficiaries, releasing…

IndustryLatest Stories

Maharashtra Assembly Eases Land Subdivision Rules for 3 Crore Residents

NAGPUR: On Tuesday, the Maharashtra Legislative Assembly approved an amendment bill aimed at simplifying the subdivision of small land plots in urban areas. The government claims this legislation will benefit approximately three crore residents. The Maharashtra Land Revenue Code (Second Amendment) Bill, 2025, introduced by Revenue Minister Chandrashekhar Bawankule, was passed following a debate in the lower house. This legislative change is expected to help around 60 lakh families, or about three crore residents, residing on small ‘gunthewari’ plots (unauthorized divisions of agricultural land for residential use) in urban settings. With this amendment, the processes of buying and selling small…

Latest StoriesResidential

Bhubaneswar: Dhauli Heights Allotment Nears End After Decade

BHUBANESWAR: Cooperation Minister Pradeep Bal Samanta announced that the allotment process for Dhauli Heights is nearing completion, bringing hope to allottees who have been waiting for almost a decade to occupy their homes in the project. In response to a question from legislator Dhruba Charan Sahoo regarding the status of house handovers, Samanta mentioned that the final arrangements are being made for the project managed by Odisha Cooperative Housing Corporation (OCHC) Limited. Launched in 2014, the Dhauli Heights housing project in Badaraghunathpur, Tamando, faced delays due to contractor issues and financial constraints. Currently, Samanta stated that the allotment process is…

Latest StoriesRegulatory

Dumas Seaface Developer Penalized for Dust Pollution Issues

SURAT: The agency responsible for the Dumas Seaface project has been fined Rs 5 lakh after inspections revealed insufficient measures to control dust pollution at the site. Municipal Commissioner Shalini Agarwal visited the site to assess the progress and observed that dust suppression systems and waste management protocols were not adhered to. This penalty is part of the Surat Municipal Corporation’s (SMC) intensified measures against construction sites non-compliant with pollution control regulations. Since Thursday, SMC teams have scrutinized 266 construction projects throughout the city, fining 184 of them and totalling Rs 56 lakh in penalties. On the first day of…

IndustryLatest Stories

RMZ Corp Considering $1 Billion IPO

RMZ Corp., one of India’s leading real estate developers, is contemplating an initial public offering (IPO) that could raise up to $1 billion, according to sources familiar with the situation. This move could set the stage for one of the country’s largest real estate listings. The Bengaluru-based firm has initiated preliminary discussions with bankers about the potential listing, as stated by anonymous sources due to the confidential nature of the discussions. The IPO is expected to occur later next year. RMZ has not yet officially appointed advisers, and critical factors such as timing, structure, and overall size of the offering…

Latest StoriesRegulatory

Karnataka HC Supports Premium FAR Policy; Dismisses TDR Petitions

In a major ruling concerning urban development in Karnataka, the High Court has affirmed the State’s implementation of a Premium Floor Area Ratio (Premium FAR) under Section 18B of the Karnataka Town and Country Planning Act, 1961. The court dismissed two petitions submitted by landowners and Transferable Development Rights (TDR) holders who challenged the constitutional validity of the amendment and related notifications. The petitions were filed by landowners whose properties were previously acquired for public use, receiving TDR instead of monetary compensation. They contended that the introduction of Premium FAR enables developers to gain additional buildable rights from the government…