Category: Latest Stories

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InfrastructureLatest Stories

Madurai Metro and NHAI Plans Collide in Thirumangalam

Representative AI image MADURAI: The Madurai Metro rail project has encountered planning challenges as its proposed route conflicts with the National Highways Authority of India’s (NHAI) plans for vehicular underpasses at accident-prone areas along the Thirumangalam stretch. The issue arises at two key intersections—Sipcot and Thoppur—where NHAI aims to construct underpasses to enhance road safety as part of its “Zero Fatality Highways” initiative. Meanwhile, CMRL’s metro design features a median alignment that follows the same highway post-Thirumangalam. CMRL and NHAI are currently exploring options to harmonize metro infrastructure with NHAI’s plans, which could involve raising the height of metro pillars…

Latest StoriesRegulatory

Punjab Cancels Developer’s Partial CLU Approval

MOHALI: In a significant blow to a local developer, the Punjab government has revoked a part of the Change of Land Use (CLU) permission previously granted for an industrial colony in Sector 102, covering the villages of Drari and Dhurali. The director of town and country planning in Punjab issued the cancellation on Thursday, alleging that the developer submitted forged documentation. The revocation involves 9 kanals and 15 marlas (approximately 1.3 acres) of land, which is now excluded from the project. The decision has left 200 investors, who have reportedly invested about Rs 250 crore, uncertain about the project’s future.…

Latest StoriesRera

UP-RERA Resolves 50,000+ Complaints, Tops Grievance Redressal

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully resolved 50,812 consumer complaints to date, which represents nearly 40% of all real estate grievances addressed nationwide. Since its establishment, UP-RERA has received 58,545 complaints under Section 31 of the RERA Act, accounting for 39% of the national total. With a disposal rate of 85.2%, the authority has become the primary platform for homebuyers seeking resolutions for issues related to possession delays, refunds, and interest payments. Sanjay Bhoosreddy, chairman of UP-RERA, stated that the disposal rate reflects the regulator’s commitment to timely justice and the accountability of promoters.…

InfrastructureLatest Stories

Jaipur Civic Body Criticized for Unsafe Buildings

JAIPUR: A tragic building collapse in Subhash Chowk claimed two lives and injured several others late Friday night. The 100-year-old four-storey structure gave way after heavy rain, prompting a visit from acting mayor Kusum Yadav, who faced backlash from locals for the municipal administration’s alleged negligence leading to this disaster. Efforts to rescue and clear debris continued throughout Saturday. The collapse, occurring around 1am, resulted in the deaths of Prabhat (33) and his daughter Pihu (5). Sumitra (27), Prabhat’s wife, is currently in critical condition at SMS Hospital with severe spinal injuries, along with multiple fractures. Other injured residents are…

InfrastructureLatest Stories

Approval for ₹136 Crore Project at Thiruvananthapuram Airport

Representative AI image THIRUVANANTHAPURAM: In a significant advancement for airport development in the city, the Union Environment Ministry’s Expert Appraisal Committee (EAC) has recommended environmental clearance (EC) for the proposed city-side development project at Thiruvananthapuram International Airport. The project, initiated by Adani Airport Holdings Ltd (AAHL) at Chackai within the airport grounds, aims to establish a major hospitality and commercial hub with an investment of ₹136.31 crore. Sources familiar with the matter indicated that the EC is expected to be officially granted in the next three months, allowing construction to begin. The design includes a 240-room hotel, food and beverage…

InfrastructureLatest Stories

DTCP Dismantles Illegal Gates and Guard Room in Gurugram 85

Representative AI image GURUGRAM: The Department of Town and Country Planning (DTCP) conducted a demolition operation in New Gurgaon on Thursday, targeting illegal gates installed by a developer. According to DTCP officials, Orris Infrastructure constructed gates and assigned guards along 24-meter-wide sector roads in Sector 85 “to restrict public access,” leading to complaints from residents. In response to these complaints, a DTCP team, led by town planner Amit Madholia, visited the site and removed two gates obstructing the sector roads. The team also dismantled a guard room built in the middle of the road. Officials noted that Orris not only…

Latest StoriesResidential

Bhubaneswar Teams Up with Bank for Urban Poor Home Loans

BHUBANESWAR: To assist beneficiaries of affordable housing projects in obtaining accessible home loans, the Bhubaneswar Municipal Corporation (BMC) has collaborated with a leading private sector bank. A recent meeting focused on outlining the respective roles of the bank and the civic body in launching a pilot project aimed at helping urban poor beneficiaries navigate complex banking regulations. The pilot initiative will support 600 beneficiaries who have been allocated homes within various affordable housing schemes in Bhubaneswar but face challenges in contributing their share towards the properties. These projects are implemented under the Pradhan Mantri Awas Yojana (Urban) 2.0. In the…

InfrastructureLatest Stories

YEIDA Approves Developed Plots for Farmers in Hathras, Agra

Representative Image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) held a board meeting on Saturday, approving several significant proposals, including the allocation of developed plots to farmers, the development of 29 smart villages, and the establishment of urban centers in Hathras and Agra. As part of its policy to allocate 7% of acquired land as residential plots for farmers, officials reported that 6,260 allotment letters have been issued across 29 villages, including Rampur Bangar, Atta Gujran, Chandpur, and Dankaur, with land development completed in eight villages. For land acquisitions between 2007 and 2013, a government order dated August 29,…

Latest StoriesRegulatory

ED: Builder Paid ₹15 Crore Bribe to Vasai’s Ex-Civic Chief

MUMBAI: The Enforcement Directorate (ED) claims that a builder paid Anil Pawar, the former civic chief of Vasai-Virar, and Y S Reddy, the deputy director of town planning, a bribe of Rs 15 crore to secure project clearances. Both individuals were arrested in August during a money laundering investigation connected to alleged illegal constructions and corruption. While seeking Reddy’s custody, the ED reported that both he and Pawar demanded Rs 30 per square foot from the builder, totaling a bribe request of Rs 4.3 crore for one project. According to an employee under Reddy’s supervision, bribes were collected and delivered…

IndustryLatest Stories

Max Estates Gets Development Rights for 7.25 Acres in Gurugram

Representative image NEW DELHI: Max Estates has acquired the development rights to a 7.25-acre land parcel in Sector 59, Gurugram. This agreement involves purchasing 100% of Base Buildwell (BBPL), a project SPV that holds the license and development rights for the land. The project has the potential for 1.3 million sq ft of development, with an estimated investment of ₹534 crore, and is projected to yield a booking value exceeding ₹3,000 crore. The investment includes the complete acquisition of BBPL’s share capital, comprising 10,000 equity shares of ₹10 each and 24,17,256 compulsorily convertible debentures of ₹100 each, along with project-level…