Category: Latest Stories

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InfrastructureLatest Stories

Kochi Metro Plans Phase II Extension to Infopark III, Kizhakkambalam

KOCHI: Kochi Metro Rail Limited (KMRL) is planning to extend its Phase II pink line to the Kizhakkambalam area, where Infopark aims to establish its Phase III campus. The IT Park officials have informed that they’ve completed initial discussions with KMRL regarding this extension. The work on the pink line is currently underway, with KMRL targeting completion by 2026. The existing plan terminates the line near Infopark’s Phase I campus. Infopark CEO Sushanth Kurunthil stated, “We are prioritizing Metro connectivity for our Phase III project, as this integrated township is set to be one of the largest infrastructure developments in…

InfrastructureLatest Stories

Panel to Review Construction on Ghaziabad’s Yamuna Floodplain

GHAZIABAD: In response to the recent flooding in Loni, District Magistrate Ravindra Kumar Mandar has established a four-member committee tasked with locating permanent structures within the Yamuna floodplain zone. The committee, led by Additional District Magistrate Saurabh Bhatt, includes the Loni SDM and an official from the irrigation department. It is responsible for identifying illegal constructions in the floodplain and must submit their findings within a month, after which the area will be cleared. Officials have noted that flooding in Loni has become a recurring challenge since 2023, necessitating the allocation of resources for rescue efforts. This year alone, around…

IndustryLatest Stories

Future-Proof Realty Ep 2: India’s Next Green Building Chapter

Real estate is a major contributor to global carbon emissions, responsible for nearly 40% worldwide. India plays a crucial role in this landscape, especially with the nation’s commitment to achieve net-zero by 2070. The pressure is on the sector to innovate. The transformation has already begun. India’s green building market is projected to double by 2030 as developers increasingly adopt solar energy, rainwater harvesting, and sustainable materials to create spaces that are both functional and future-oriented. In this context, ETRealty and ETStudios present Future-Proof Realty, a series that examines how the real estate industry is advancing toward sustainability. Following a…

Latest StoriesRegulatory

YEIDA Targets Illegal Plot Sales Near Noida Airport

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a crackdown on illegal colonisers promoting fraudulent projects in proximity to the Noida International Airport. The authority received numerous complaints regarding unapproved “township projects” being aggressively marketed to buyers from Delhi-NCR, falsely promising homes near the upcoming airport. The authority now aims to take action against social media accounts promoting these illegal developments. YEIDA has pledged strict enforcement and collaboration with local administration to address these issues. A report from TOI on September 15 highlighted how sales agents provided car pickups for potential buyers, transporting them to well-maintained…

Latest StoriesRegulatory

Lucknow’s Sahara Group land in Gomtinagar sealed by civic body

Representative image LUCKNOW: The Lucknow Municipal Corporation (LMC) has initiated the sealing of 170 acres in Gomtinagar, which includes the well-known Subrato Kothi owned by the Sahara Group. Signage indicating the area is sealed has been placed on-site. This action comes after an extensive inquiry led by Municipal Commissioner Gaurav Kumar, uncovering numerous violations of licensing and lease agreements. The land was originally allocated to Sahara India Housing Limited in 1994 for residential and green belt development, intended for housing plots and a planned community. However, in 1997, the LMC issued a cancellation notice for the license deed due to…

Latest StoriesRegulatory

Sebi, stock exchanges drop fines on Unitech

The Securities and Exchange Board of India (Sebi), along with the NSE and BSE, has decided to waive fines and penalties previously imposed on Unitech due to non-compliance issues linked to its former management, according to the government-appointed board of the embattled real estate firm. The leading stock exchanges have also lifted trading restrictions on Unitech securities. Starting October 7, Unitech Ltd’s securities will be transitioned from the restricted Z category to the actively traded B category on the BSE, while the NSE will move the company from the restricted BZ series to the default EQ series. “Shareholders have long…

Latest StoriesRegulatory

DTCP Launches Sealing Drive in Gurugram’s Sushant Lok 2 & 3

GURUGRAM: This week, the district town planner (enforcement) will initiate a significant sealing drive in Sushant Lok-2 and Sushant Lok-3, targeting unauthorized commercial activities and illegal constructions. Over 60 properties have received restoration orders, as many owners did not comply within the 10-day deadline. The sealing will occur in phases. Notices had already been issued to 24 properties running businesses like salons, guesthouses, and coaching centers, along with 36 properties found to have structural violations in stilt and setback areas. The enforcement effort in Sushant Lok-2 and 3 forms part of the DTCP’s broader plan to tackle encroachment in licensed…

Latest StoriesResidential

Pankaj Tripathi Buys Two Mumbai Apartments for ₹10.85 Crore

NEW DELHI: Actor Pankaj Tripathi, along with his wife Mridula and daughter Aashi, have acquired two apartments in Mumbai worth a total of ₹10.85 crore. The first unit, bought by Pankaj and Aashi for ₹9.98 crore, is situated in the Seabliss Building in Andheri West. This information comes from property registration documents reviewed by Square Yards. It boasts a RERA carpet area of 188.22 square meters (2,026 sq ft) and a total area of 220.36 square meters (2,372 sq ft), including three designated parking spaces. A stamp duty of ₹59.89 lakh and a registration fee of ₹30,000 were attached to…

InfrastructureLatest Stories

Ahmedabad to Launch 7 New Town Planning Schemes

AHMEDABAD: During the Ahmedabad Urban Development Authority (AUDA) board meeting on Tuesday, it was decided to establish seven new Town Planning (TP) Schemes in the villages surrounding the city. AUDA announced that with Ahmedabad gearing up to host the Commonwealth and Olympic Games, these new TP schemes aim to facilitate rapid and systematic development in satellite areas. The planned TP schemes will be developed in the villages of Saij, Godhavi, Kaneti, Nidhrad, and Manipur, located within the AUDA jurisdiction. This initiative will urbanize approximately 1,000 hectares in these regions, making way for essential infrastructure and new road construction. Published On…

Latest StoriesRegulatory

Gujarat HC Penalizes Flat Owners for Redevelopment Delay

AHMEDABAD: The Gujarat High Court has levied a fine of ₹1 lakh on dissenting members of Surya Apartments-2 for attempting to obstruct its redevelopment via litigation, which led the court to label their actions as creating an “artificial emergency” for an expedited hearing. Surya Apartments-2, constructed in 1987 by the Gujarat Housing Board on Sola Road, Ahmedabad, has 132 flat owners, of which 110 consented to the redevelopment, meeting the necessary legal requirements. The GHB, a co-lease owner, also supported the project in 2022. However, 34 dissenting members contested this decision in civil court, which on September 2 declined to…