Category: Latest Stories

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Latest StoriesRegulatory

Madhya Pradesh HC slams illegal builds near Kaliyasot Dam

Representative photo BHOPAL: The Madhya Pradesh High Court issued notices on Wednesday to several respondents, including two retired IAS officers, a businessman, the Urban Administration Commissioner, the Bhopal Municipal Commissioner, the Director of Town and Country Planning, and the builder associated with the upscale ‘Whispering Palms’ development near Kaliyasot dam. The notices concern allegations of excessive construction by certain residents, which contravene the Bhopal Master Plan-2005 guidelines. The bench led by Justice Vishal Mishra issued these notices during a preliminary hearing of a petition filed by Mahesh Singh Parmar and Raj Bahadur Prasad. Their lawyers, Rahul Diwakar and Harshwardhan Tiwari,…

Latest StoriesResidential

Saya Group to invest ₹550 crore in Ghaziabad project

NEW DELHI: Saya Group, a real estate company, has established a joint venture to create a luxury housing project in Ghaziabad, investing Rs 550 crore for the construction of 264 flats. The partnership with Harmony Infra will yield an ultra-luxury residential project named ‘The Horizon Residences’ located at Indirapuram, Ghaziabad. “We have secured around 2 acres of land in Indirapuram for this luxury development, which will feature 264 units,” said Vikas Bhasin, MD of Saya Group, during a press briefing. The company plans to market homes within the price range of Rs 6 crore to Rs 8.5 crore. Regarding the…

InfrastructureLatest Stories

Sewage Releases in Gurugram: Upcoming Checks at Housing Societies

GURUGRAM: DS Dhesi, the principal advisor for urban development in Haryana, has instructed officials to inspect sewage treatment plants (STPs) in residential areas from sectors 82 to 115. This decision comes after multiple complaints regarding treated wastewater being discharged into vacant land and the Badshapur leg 3 drain. Dhesi emphasized the seriousness of this environmental issue, stating that stringent measures would be taken against offenders. “Reports indicate that some societies between Sectors 82-115 are releasing untreated water from their STPs into vacant plots and the Badshapur leg 3 drain, which poses a significant risk to the environment,” he stated. He…

Latest StoriesRegulatory

FIR Filed Against Sikka Directors for Cheating Homebuyer

NOIDA: A city court has instructed the police to file a case against the directors of Sikka Pinnacle Super Structure Pvt Ltd and three senior staff members for allegedly defrauding a homebuyer of ₹79 lakh. The issue arose after the company failed to deliver a flat booked in 2022 and subsequently sold it to another buyer. As a result of the court’s order, Sector 113 police registered an FIR against the company’s directors, Harvinder Singh Sikka and Gurneet Singh Sikka, along with senior officials Gurleen Kaur (CRM head), Rajiv Sharma (marketing head), and Himanshu Jain (project head), as well as…

IndustryLatest Stories

Signature Global to raise ₹875 crore next week through NCDs

NEW DELHI: Signature Global Ltd, a real estate firm, plans to raise Rs 875 crore next week through non-convertible debentures (NCDs) targeted at investors. In a regulatory filing on Thursday, the company announced that its Debenture Committee has approved the issuance of 87,500 NCDs, with a face value of Rs 1 lakh each, totaling Rs 875 crore via private placement. The NCDs, which have a coupon rate of 11%, will have a tenure of 3 years, 2 months, and 30 days, with allotment slated for October 16, 2025, and maturity on January 15, 2029. Earlier in June, the board of…

Latest StoriesResidential

Lucknow Body to Open 500 Anantnagar Plot Registrations on Diwali

Representative AI image LUCKNOW: In response to a strong demand during the initial two rounds of the Anantnagar Housing Scheme on Mohan Road, where nearly 700 plots were allocated, the Lucknow Development Authority (LDA) is reopening registrations this Diwali for approximately 500 residential plots. The housing project spans 785 acres along Mohan Road and is designed to house around 150,000 residents. It features a contemporary grid layout with wide roads, underground utilities, and urban infrastructure that meets international standards. Additionally, an Education City is planned on approximately 100 acres within the development. According to LDA representatives, the land price remains…

IndustryLatest Stories

Omaxe Secures Township Extension in Patiala After Land Return

PATIALA: Manisha Rana, chief administrator of the Patiala Development Authority (PDA), announced on Thursday that an integrated township project covering 330 acres is being developed in Baran village along Sirhind Road, Patiala. This initiative has been launched under a public-private partnership (PPP) agreement with Omaxe Limited established in 2006. Rana noted that plots were sold in 2007 and 2009, leading to approximately 500 allottees constructing homes within the township. However, in 2011, the developer received a termination notice due to non-compliance with the agreement’s terms, leaving the issue unresolved for about 13-14 years. In the interest of the public, the…

InfrastructureLatest Stories

Trichy’s Woes: Construction, Demolition, and Emissions

Representative AI image TRICHY: Trichy has achieved the ninth position in the National Clean Air Programme (NCAP) by the Ministry of Environment, Forest, and Climate Change (MoEFCC), leading the state. However, despite focused efforts to tackle air pollution, the city is yet to enter the top five nationally. The lack of a robust system to manage pollution from construction and demolition (C&D) sites, the absence of a C&D waste recycling facility, and emissions from non-compliant vehicles are significant barriers to progress. As commercial and residential projects rise across the city, older buildings are being demolished to create new space. The…

InfrastructureLatest Stories

PM Launches $2.2B Navi Mumbai Airport by Adani Group

NEW DELHI: Prime Minister Narendra Modi inaugurated a new international airport in Mumbai on Wednesday, advancing the growth of India’s rapidly expanding aviation network. Developed by the Adani Group at a cost of approximately $2.2 billion, the first phase of Navi Mumbai International Airport is set to start operations in December, serving as a significant passenger and cargo hub in Asia. This project will also alleviate congestion at Chhatrapati Shivaji Maharaj International Airport, one of the nation’s busiest airports. Notably, Mumbai is the only metropolitan area in India with a second international airport. This initiative highlights India’s commitment to modernizing…

InfrastructureLatest Stories

PM Launches Final Phase of Mumbai Metro Line 3

MUMBAI: On Wednesday, Prime Minister Narendra Modi officially launched the final segment of the Mumbai Metro Line-3, connecting Acharya Atre Chowk to Cuffe Parade—a pivotal development in the city’s infrastructure. The 10.99-km ‘Phase 2B’ is part of Mumbai’s first fully underground metro corridor, the Aqua Line, which spans a total length of 33.5 km, and will be fully operational from Thursday. The prime minister inaugurated this segment virtually from Navi Mumbai, where he also opened the Navi Mumbai International Airport. According to the Mumbai Metro Rail Corporation (MMRC), services across the complete underground corridor, stretching from Cuffe Parade in South…