Category: Latest Stories

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IndustryLatest Stories

Kochi: Key Hurdle Cleared for Infopark Phase III Land Pooling

AI-generated Representative Image KOCHI: The development of Infopark’s proposed Phase III campus, spanning 300 acres in Kizhakkambalam panchayat, is progressing as the Local Self Government Department (LSGD) officially designated the Greater Cochin Development Authority (GCDA) as the land pooling agency for the initiative. The government previously decided to implement the Phase III project through a land pooling model and appointed GCDA as the executing agency. However, since Kizhakkambalam falls outside GCDA’s jurisdiction, the agency had to seek special approval to move forward. With the latest order from the LSGD, GCDA is now authorized to conduct land pooling in the region.…

IndustryLatest Stories

Future-Ready Real Estate: The Urgent Need for Smarter, Greener Practices

BY: ETStudios India’s real estate industry is at a pivotal moment, contributing approximately 7% to the nation’s GDP and projected to reach a $1 trillion market size by 2030. However, mere scale is no longer sufficient; a comprehensive reevaluation of construction practices and their environmental impact is essential. With India’s commitment to achieving net-zero emissions by 2070, sustainability has shifted from being a trend to a foundational requirement. Given that buildings account for nearly 40% of global energy consumption and a sizeable portion of emissions, the focus on the built environment is intensifying. This is not a distant concern. Policy…

InfrastructureLatest Stories

Rooftop Illegal Constructions Threaten Chandni Chowk Safety

File Photo NEW DELHI: Illegal construction has surged in Chandni Chowk and surrounding areas of the Walled City, further complicating the already crowded streets. Many properties are being converted into multi-storey buildings that exceed height limits and reportedly violate regulations, leading to administrative chaos and increasing the potential for structural accidents. On July 18, the Supreme Court addressed the issue, ordering the sealing of unauthorized constructions in Chandni Chowk and the arrest of those responsible for the violations. The court criticized civic authorities for failing to protect a heritage area from illegal development. The municipal corporation is currently reviewing the…

IndustryLatest Stories

Ghaziabad Warns on 351 Illegal Colony Developments

Representative image created by AI GHAZIABAD: The Ghaziabad Development Authority (GDA) has identified 351 colonies established illegally, spanning approximately 3,000 acres in the city. Authorities urge potential buyers to avoid investing in these colonies, which have proliferated over the past 35 to 40 years, with many arising in the last decade. The number of illegal colonies noted in 2021 was 321, with 30 additional colonies identified since then. A significant issue with these colonies is that buyers, often unaware of their legality, invest in properties there, with middlemen and land sharks playing a substantial role. “We have made the names…

Latest StoriesResidential

Lucknow: New Housing Projects Launching in Banda, Chitrakoot

LUCKNOW: In response to the increasing demand for affordable housing in Bundelkhand, the UP Housing Board (Avas Vikas Parishad) is set to launch two new schemes in Banda and Chitrakoot districts. According to officials, these projects will be located in prime areas, with 90% of the plots allocated for those intending to build their own homes. “A greenfield township is being developed over 338 acres in Banda and 161 acres in Chitrakoot. The housing board has already designated the land and begun acquisition processes,” stated additional housing commissioner Niraj Shukla. The authority estimates that it will require approximately Rs 1,390…

InfrastructureLatest Stories

No Retaining Walls in High-Risk River Zones, Nagpur Homes

Representative image created by AI NAGPUR: The rapid urban development near the Nag, Pili, and Pora rivers in north, east, and south Nagpur has put numerous new settlements at risk of flooding due to a lack of retaining walls. In response, the Nagpur Municipal Corporation (NMC) has proposed a ₹57 crore funding request to the state government for flood mitigation efforts, aiming to construct retaining walls in these vulnerable areas, as confirmed by NMC’s chief engineer, Manoj Talewar. Although the state government has approved the NMC proposal “in principle,” the funds have yet to be released. The proposal identifies critical…

InfrastructureLatest Stories

Andhra Pradesh to Reintroduce BPS & LRS to Curb Illegal Builds

Representative image created by AI VIJAYAWADA: The Andhra Pradesh government plans to reintroduce the Building Penalisation Scheme (BPS) and Layout Regularisation Scheme (LRS) aimed at regulating illegal structures and layouts across the state. These schemes were in effect during the TDP administration from 2014 to 2019. In response to the rising number of constructions lacking necessary permissions, the government aims to relaunch these initiatives to also boost state revenues. The cabinet is anticipated to review the proposal in their upcoming meeting. The municipal administration and urban development department is preparing a strategy to address the issue of illegal structures and…

InfrastructureLatest Stories

Ahmedabad Construction Sites Under Scrutiny for Air Data Deception

Representative image created by AI AHMEDABAD: Some developers are allegedly misleading the Ahmedabad Municipal Corporation (AMC) by violating air pollution management rules at their construction sites and covering their tracks. A regulation introduced in 2023 mandates the installation of air quality sensors to monitor PM10 levels at all construction sites over 10,000 square meters. Currently, over 100 sites have sensors that provide real-time data to the AMC. The civic body grew suspicious when certain sites reported consistently low PM10 levels below 50, raising concerns of manipulation. Investigations confirmed these suspicions; sensors at several locations were found wrapped in wet cloths…

Latest StoriesRegulatory

SC Approves CBI to Register 22 Cases in NCR Builders-Banks Nexus

NEW DELHI: On Tuesday, the Supreme Court permitted the CBI to file 22 cases regarding the “unholy nexus” between banks and developers accused of deceiving homebuyers in the NCR. A bench led by Justices Surya Kant and N. Kotiswar Singh authorized the CBI to transition six preliminary inquiries against various builders and banks into 22 formal cases, similar to FIRs, for further investigation. Entities under scrutiny include builders in NCR and development authorities in Uttar Pradesh and Haryana. According to the subvention scheme, banks disburse approved amounts directly to builders, who must pay EMIs on these loans until they deliver…

Latest StoriesResidential

Homebuyers Strategize Amid Rising Land Prices

Representative image created by AI BENGALURU: Plotted developments are becoming increasingly attractive to second- and third-home buyers due to their appreciation potential, flexibility, and long-term land value. With land prices surging in double digits across major urban areas over the past four years, what was once a niche market is now a primary investment option for affluent and upwardly-mobile buyers. In response to this heightened demand, developers are creating branded, fully-serviced plotted communities complete with amenities, clear land titles, and integrated infrastructure. Second-home purchasers see land as a forward-thinking asset—offering the liberty to construct at their convenience, mitigating depreciation risks…