Category: Latest Stories

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InfrastructureLatest Stories

Bhopal, Indore to Develop as Metro Regions in 25-Year Plan

BHOPAL: On Tuesday, the House approved the Metro Area Bill, aiming to designate Bhopal, Indore, and nearby districts as metropolitan areas similar to the National Capital Region (NCR). Urban development minister Kailash Vijayvargiya opened the debate, stating that the bill is part of a long-term plan to tackle development challenges projected over the next 25 years. Notably, the NCR includes Delhi and adjoining regions of UP, Haryana, and Rajasthan. Vijayvargiya highlighted PM Narendra Modi’s vision to develop India into a prosperous nation by 2047, emphasizing that states must contribute to achieving this goal. During Vijayvargiya’s speech about planning for sustainable…

InfrastructureLatest Stories

IIT Bombay Warns Against Housing Near Taloja MIDC in PCMC Report

NAVI MUMBAI: The Environmental Status Report 2024-25 for the Panvel City Municipal Corporation (PCMC), prepared by IIT-Bombay, indicates that the Maharashtra Pollution Control Board (MPCB) currently does not monitor the water quality of the polluted Taloja and Kasardi rivers because their waters are not utilized for drinking. The report advises against the approval of new housing developments near the dumping ground and the Taloja MIDC area. The report recommends that the civic body adopt waste-to-energy technologies for efficient solid waste management, including bio-methanation plants, biomass gasifiers, and pyrolysis techniques, while raising concerns about sewage disposal. Dr. Abhishek Chakraborty, an assistant…

Latest StoriesRegulatory

50% Tax Waiver for PCMC Red Zone Properties Starting FY27

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) decided on Tuesday to grant a 50% discount on the general tax for properties located in the red zone, starting from the next financial year. This move has sparked protests from numerous housing societies. The proposal for the tax waiver was approved in the PCMC’s standing committee and general body meetings. A senior official from the property tax department stated that the decision, effective April 1, 2026, pertains only to property owners who settle all outstanding dues. Pimpri Chinchwad Municipal Commissioner Shekhar Singh explained to TOI that the civic body currently struggles to…

IndustryLatest Stories

Karnataka Revises Setback Rules for Bengaluru Buildings

BENGALURU: In a significant development for future construction in the tech capital, the state government has amended the zonal regulations under the Revised Master Plan (RMP) 2015. Effective from August 1, this amendment introduces clear and updated setback norms for buildings, particularly those exceeding 12 meters in height. The term “setback” refers to the minimum open space required between a building and its property boundary. This has long been a contentious issue in urban planning within the city, where rapid vertical expansion has often outpaced regulatory guidelines. The new rules aim to clarify setback requirements based on building height and…

IndustryLatest Stories

Knowledge Realty Trust REIT IPO Fully Subscribed on Day 1

NEW DELHI: Knowledge Realty Trust’s initial share sale, sponsored by the Sattva Group and Blackstone, saw full subscription on its opening day, achieving a subscription level of 1.20 times. The ₹4,800-crore Real Estate Investment Trust (REIT) initial public offering (IPO) garnered bids for 25,049,130 units compared to the 20,842,080 units available, marking a subscription rate of 1.20 times, according to NSE data. Institutional investors accounted for 75% of the subscriptions, while the remaining categories, including corporate and individual investors (NRI and HUF), were subscribed to 1.75 times, as per NSE data. Knowledge Realty Trust announced on Monday that it had…

InfrastructureLatest Stories

Three New Plants Coming to Combat Construction Waste in Gurugram

Representative image created by AI GURUGRAM: The Municipal Corporation of Gurugram (MCG) is set to establish three facilities for processing construction and demolition (C&D) waste throughout the city. A senior MCG official stated, “Discussions have begun, and we aim to have these plants operational before the next monsoon season.” A major facility with a capacity of 2,000 tonnes per day (TPD) is proposed near the Global City project. The second facility will be located at the Bandhwari landfill site, which currently holds about 12 lakh metric tonnes (MT) of legacy waste, and will have a capacity of 400-500 TPD. The…

Latest StoriesRegulatory

SC Supports SEIAA and SEAC’s Authority on Environmental Clearances

NEW DELHI: The Supreme Court (SC) has confirmed that the State Environment Impact Assessment Authority (SEIAA) and the State Expert Appraisal Committee (SEAC) will remain the primary authorities responsible for granting environmental clearances at the project level. This ruling addresses a long-standing regulatory standstill affecting over 493 real estate projects in the Mumbai Metropolitan Region (MMR) and Pune, which could impact more than 70,000 housing units, especially in the affordable and mid-income categories. The court’s decision is expected to clarify the environment clearance process, potentially revitalizing housing development in the area. The SC also invalidated sections of the notifications from…

IndustryLatest Stories

UP CM Launches Atal Puram Township Project in Agra

Representative Image AGRA: Chief Minister Yogi Adityanath inaugurated the Atal Puram Township project on Tuesday, which is being presented as the Agra Development Authority’s largest housing initiative in 36 years, according to officials. The project, covering an area of 340 acres, is strategically located at the confluence of the Agra Inner Ring Road, Southern Bypass, and Gwalior Road. The Atal Puram will be developed in three stages across 11 sectors, providing housing for nearly 10,000 families. The plan encompasses 1,430 residential plots, 18 group housing plots, and 96 commercial plots. Incorporating world-class infrastructure, the township will feature underground utility ducts,…

InfrastructureLatest Stories

Two Extra Years to Regularize Illegal Structures in Goa

PANAJI: The government introduced an amendment to the Goa Regularisation of Unauthorised Construction Act, 2016, on Monday, offering a new two-year timeframe for individuals to apply for the regularisation of unauthorised constructions. This amendment includes cases where unauthorised house constructions have occurred on land owned by comunidade or the government. Such land must have already been regularised by the authorized officer in case of comunidade land, and by the deputy collector for government land. The built-up area limits are revised to allow regularisation up to 500 sqm in panchayat areas and up to 600 sqm in municipal council or Corporation…