Category: Latest Stories

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IndustryLatest Stories

RealtyDailyNews Realty Conclave 2026: Infrastructure, Discipline, Micro-Markets

Looking ahead, the consensus was that the next housing cycle will be defined less by speculative momentum and more by structural fundamentals. At the RealtyDailyNews Realty Real Estate Conclave 2026, a high-profile fireside chat titled ‘Building for the Next Housing Cycle: Strategy, Scale and the Changing Residential Playbook’ convened key figures from the residential sector to discuss future trends. Moderated by Chaitanya Seth, Partner at EY Parthenon, the panel included Manan Shah, Treasurer (Elect) of NAREDCO Maharashtra and MD of MICL Group; Jay Morzaria, Chairman of NAREDCO NextGen and Director of VRAJ Group; Vikas Jain, President NextGen of NAREDCO Maharashtra…

InfrastructureLatest Stories

Visakhapatnam: GVMC Starts Zone-Wise Development Plans Post-Reorg

VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has expanded its administrative structure from eight to ten zones and is now in the process of crafting detailed zonal and ward-level development plans. This restructuring is intended to enhance grassroots administration and better align municipal governance with Assembly constituencies. Previously, with the eight-zone system, there were frequent mismatches, leading to wards being assigned to zones that did not correspond with their constituencies. This situation caused coordination difficulties, procedural delays, and gaps in service delivery. For instance, wards in the Visakhapatnam East and North constituencies fell under different zones, necessitating complex cross-constituency coordination…

IndustryLatest Stories

Kozhikode Orders Structural Audit After Valiyangadi Incident

KOZHIKODE: Protests have escalated following the tragic collapse of a building owned by the Kozhikode Corporation, which resulted in the deaths of four individuals. Mayor O. Sadasivan defended the corporation’s actions during a news conference on Monday morning, where he explained that the building, located in Valiyangadi, had been flagged for rebuilding back in 2022, along with 15 other old structures. He emphasized that tenants were not evicted due to the significant number of traders operating from these sites. Sadasivan has requested a detailed structural evaluation of all corporation properties and vowed to conduct a thorough investigation with government assistance.…

InfrastructureLatest Stories

Illegal Constructions Cleared from Vadu Lake, Chandkheda

AHMEDABAD: On Tuesday, the estate TDO department of the Ahmedabad Municipal Corporation’s West Zone carried out demolitions of illegal structures around Vadu Lake in Chandkheda. This operation resulted in the removal of nine cattle sheds, 16 semi-permanent residences, and one religious building, clearing the 43,200 square metres area of the lake. Similarly, in Vejalpur’s Ropda Lake, authorities demolished four illegally constructed homes and four religious structures. In the North West Zone, the estate TDO opened a 30-meter wide road in Ghatlodia by demolishing four shops and three houses. Additionally, three temporary sheds were cleared from a reserved plot in TP…

Latest StoriesRegulatory

CAG Flags Major Lapses in Ghaziabad Development Over 5 Years

GHAZIABAD: The Comptroller and Auditor General (CAG) has released a comprehensive 446-page audit report on the Ghaziabad Development Authority (GDA), identifying significant operational deficiencies from 2017 to 2022. These include planning violations, inadequate enforcement, and shortcomings in housing and financial management. One notable finding pertains to the Master Plan 2021. The CAG highlighted that the GDA “implemented Master Plan 2021 without obtaining approval from the NCR Planning Board,” which is meant to oversee regional planning. The audit raised concerns about the preparation and adherence to the plan, noting that instead of a unified document, GDA produced separate plans for Ghaziabad…

IndustryLatest Stories

Major Urban Expansion Planned in Haryana: HSVP to Acquire Land

GURUGRAM: The Haryana Shahari Vikas Pradhikaran (HSVP) has initiated an expansive land procurement plan aimed at developing new residential and commercial areas in the state, the first such effort in the city in 20 years. This initiative seeks to alleviate pressure on existing urban centers while ensuring a consistent supply of serviced plots according to planned development norms. HSVP aims to acquire approximately 1.8 lakh acres statewide, with 23,739 acres earmarked for the city, to be implemented in three phases. New sectors are anticipated to launch in the first half of 2026. The procurement process will utilize direct purchase and…

InfrastructureLatest Stories

Cabinet Okays Gujarat Metro Extension to Shahpur

Image used for representational purpose only NEW DELHI: On Tuesday, the Union Cabinet approved a 3.33-km extension of the existing North-South corridor of the Gujarat Metro from GIFT City to Shahpur. The government stated that the project, which is set to be completed in four years, will feature three elevated stations. The decision was made during the Union Cabinet’s first meeting led by Prime Minister Narendra Modi at Seva Teerth, the new PMO complex. The estimated cost for the project is Rs 1,067.35 crore. This corridor is expected to serve around 23,702 passengers by 2029 and approximately 58,059 passengers by…

Latest StoriesRegulatory

NCLAT Hands Over Supertech Projects to AoAs for Maintenance

NOIDA: The National Company Law Appellate Tribunal (NCLAT) has instructed that day-to-day maintenance of two Supertech housing projects—Ecociti (Sector 137) and 34 Pavilion (Sector 34)—be transferred to their registered apartment owners’ associations (AOAs) within 30 days. This decision empowers residents to manage essential services and maintenance through their elected representatives after enduring years of external management. A bench led by chairperson Ashok Bhushan and member (technical) Barun Mitra directed YG Estates Facilities Management Pvt Ltd, the respondent, to complete the transfer under the supervision of the interim resolution professional (IRP), as Supertech Ltd is currently in insolvency proceedings. In the…

InfrastructureLatest Stories

Nine multi-story buildings demolished on KMP link in Gurugram

GURUGRAM: Authorities recently concluded a five-day demolition campaign, removing nearly 100 encroachments along a crucial 1.5-km stretch of the Farrukhnagar-Daboda road, connecting to the KMP Expressway. The operation was initiated to alleviate traffic congestion and restore the road to its approved width of 60-66 feet. Many areas had narrowed to just 35-40 feet, causing frequent traffic issues and safety risks. Led by duty magistrate RS Batth, the operation lasted 8-9 hours each day, ending on Tuesday. Officials confirmed that the effort was preceded by demarcation from the revenue department and extensive communication with local shopkeepers and residents to secure their…

InfrastructureLatest Stories

Telangana to Revamp Debt, Monetise Land for Hyderabad Metro I

HYDERABAD: The Telangana government has initiated the intricate process of acquiring the 69-km Hyderabad Metro Rail network from Larsen & Toubro in a transaction worth ₹15,000 crore, marking a significant state government acquisition. The state will officially take control of phase I of the metro from April. However, officials indicate that the transition hinges on three essential areas: financial restructuring, asset and liability transfer, and the maintenance of uninterrupted operations. On Monday, the state cabinet approved the acquisition of a complete 100% equity stake in phase I from L&T. The project, estimated at ₹15,000 crore, includes a debt component of…