Category: Latest Stories

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IndustryLatest Stories

West Bengal Issues 3-Page SOP for Builders’ Construction Audit

KOLKATA: On Monday, the state government issued a Standard Operating Procedure (SOP) for builders, requiring them to complete a three-page application form detailing project sanctions, permit numbers, and essential personnel involved. Major developers in Kolkata have welcomed this decentralized approach, as they now need to submit forms to relevant borough offices rather than the civic headquarters. Projects located in Salt Lake, New Town, and Rajarhat will submit their documentation to the Bidhannagar Municipal Corporation. In contrast, those in Howrah and Bally will direct theirs to the Howrah Municipal Corporation. Additionally, projects in municipalities like Pujali, Baruipur, Budge Budge, Maheshtala, and…

Latest StoriesResidential

Ghaziabad: RWAs Cite Cost, Poor Support, Old Infra Post Fire Safety Push

GHAZIABAD: In response to the Ghaziabad administration’s directive to Resident Welfare Associations (RWAs) and Apartment Owners Associations (AOAs) to enhance fire safety protocols, resident bodies have raised significant concerns regarding compliance. Major obstacles include high costs for maintaining firefighting systems, aging electrical infrastructure, the need for regular audits and drills, and ensuring that emergency exits are clear of obstructions. During a review meeting earlier this month, officials instructed RWAs to hire two trained firefighters for each residential society to work 12-hour shifts. They also mandated regular inspections and maintenance of fire water pipelines to ensure an adequate emergency supply and…

Latest StoriesResidential

Protests Erupt in LDA Colony Over 60-Shop Vending Zone

LUCKNOW: On Sunday, residents of LDA Colony in Aashiana staged a protest against the Lucknow Municipal Corporation’s plans for a vending zone along the footpath adjacent to Gautam Buddha Park’s boundary wall. They argue that the ongoing construction violates planning regulations and is turning into a permanent structure. A significant crowd gathered near the park, calling for an immediate halt to the work. Protesters indicated that the civic authorities had previously suspended the project due to local objections, but construction resumed shortly thereafter. “What the LMC claims to be a temporary structure is clearly not. They are building brick walls,…

InfrastructureLatest Stories

Panchkula to Take Over 11 HSVP Sectors

PANCHKULA: The Haryana government is set to transfer management of 11 sectors from the Haryana Shehri Vikas Pradhikaran (HSVP) to the Panchkula municipal corporation (MC) in a significant administrative reform. This change aims to eliminate long-standing jurisdictional overlaps and consolidate governance under one authority. Panchkula Mayor Sham Lal Bansal announced on Saturday that Chief Minister Nayab Singh Saini has approved the consolidation plan. Saini has instructed that all independent public departments operating within municipal boundaries be completely integrated into the MC, ensuring clear accountability. The management of local services in Panchkula has historically been fragmented among the MC, HSVP, Panchkula…

IndustryLatest Stories

Hyderabad Societies’ Land Trapped in Long-Lasting Legal Dispute

HYDERABAD: The highly desired neighborhoods of Banjara Hills, Jubilee Hills, and the adjacent Shaikpet mandal continue to grapple with long-standing land disputes. Housing societies and private landowners are embroiled in legal confrontations with the state government. What started decades ago has transformed into a complicated web of conflicting claims, fraudulent survey numbers, and unresolved land records, leaving thousands of acres in litigation. Officials estimate that approximately 2,000 acres in the Hyderabad district are disputed, with societies and individuals asserting ownership over land designated as state property. Revenue authorities recognize that inconsistencies in records, inadequate boundary delineation, and outdated surveys have…

IndustryLatest Stories

West Bengal Government Launches Worker Safety Audit Today

KOLKATA: An audit of under-construction high-rise buildings in areas like Kolkata, Salt Lake, New Town, Dum Dum, Joka, and Howrah will commence on Monday. This was announced by Kolkata Municipal Corporation administrator Smita Pandey and Kolkata Police commissioner Ajay Nand during a meeting with Credai representatives on Sunday. They mentioned that the standard operating procedure (SOP) for inspection and safety audits will be finalized by late Sunday or early Monday. The newly established SOP will allow for the audit of construction projects to begin promptly on Monday. Credai, the national body for leading developers, was briefed on the various aspects…

CommercialLatest Stories

TGSRTC Offers 694 Commercial Leases Across Telangana

HYDERABAD: The Telangana State Road Transport Corporation (TSRTC) is taking a significant step to broaden its revenue sources by leasing out 694 vacant commercial spaces statewide. This initiative represents one of the corporation’s largest efforts in commercial monetization in recent years. The vacant shops and commercial complexes situated at bus stations, depots, and transport hubs will be allocated through a transparent tender process. Information about all available commercial spaces has been made accessible on the corporation’s official website. TSRTC Managing Director Y. Nagi Reddy stated, “With millions of commuters passing through RTC bus stations daily, we believe our commercial properties…

CommercialLatest Stories

Odisha: New IT Park to Open in Damana

BHUBANESWAR: The state government has unveiled plans to create a large, integrated IT park near Damana Square, adjacent to the Jaydev Vihar-Nandankanan Road. This initiative aims to be a major contributor to the state’s digital economy and job creation. The IT park will be developed by the Electronics and Information Technology Department and is set to become a forward-thinking technology hub, enhancing Odisha’s standing as a developing destination for IT and IT-enabled services (ITES), according to officials. As stated in the expression of interest (EOI) released by the Odisha Computer Application Centre (OCAC), the project will engage the private sector…

CommercialLatest Stories

Incuspaze Secures ₹150 Crore for FY29 IPO Expansion

NEW DELHI: Flexible workspace provider Incuspaze has secured Rs 150 crore in a funding round led by Bharat Value Fund along with various financial institutions. This funding will enhance its foothold in key commercial markets, accelerate technological advancements, and facilitate acquisitions as the company prepares for a public listing planned for FY29. This latest capital infusion follows the company’s initial funding in July 2024, where it raised $8 million (Rs 67 crore) through the India Inflection Opportunity Fund. “This infusion of capital will help us expedite our growth plans, deepen our market presence in strategic areas such as Hyderabad, invest…

Latest StoriesResidential

Hyderabad Homebuyers in Limbo as 60,000 Flats Miss Deadline

Representative Image HYDERABAD: A significant number of homebuyers in Hyderabad face further delays in receiving their long-awaited homes, with deliveries pushed back by at least one more year due to disruptions in supply chains and logistics resulting from ongoing conflicts in the Middle East. According to Anarock Group, around 63,000 housing units planned for handover this year have been delayed, representing nearly 10% of the nation’s backlog in housing deliveries. Many buyers, who invested in their apartments four to five years ago, had expected to move in by late 2025 or early 2026. However, developers are now citing delays due…