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InfrastructureLatest Stories

CM directs UDD to fast-track Maan-Mhalunge TP scheme clearance

PUNE: During a recent review meeting on civic and infrastructure matters, Chief Minister Devendra Fadnavis directed the urban development department to expedite the clearance of the Maan-Mhalunge town planning scheme in Hinjewadi, according to senior officials from the Pune Metropolitan Region Development Authority (PMRDA). “The CM specifically instructed department officials to address the delays and ensure the proposal is processed without further setbacks,” said a senior PMRDA official who attended last week’s meeting. The PMRDA has received technical approval for four of the six proposed town planning schemes from the urban development department (UDD), but government notifications are still awaited.…

InfrastructureLatest Stories

Noida Aims for Firefight Tech Upgrade as Buildings Rise

Representative image created by AI NOIDA: The fire department is enhancing its firefighting resources by procuring high-pressure foam extinguishers, capable of extinguishing fires in buildings up to 100 storeys high. The technology, which was recently demonstrated at the fire safety expo in Greater Noida, was effectively tested by the fire department at the city’s tallest edifice — the 74-storey Supertech Supernova tower located in Sector 94. The Compressed Air Foam System (CAFS) technology utilizes a high-pressure foam delivery mechanism that can sustain pressure even at great heights. Fire officials indicate that high-rise fires present significant challenges, as water pressure diminishes…

IndustryLatest Stories

Oberoi Realty Consortium Secures Hotel Horizon for ₹919 Crore

NEW DELHI: Oberoi Realty, in collaboration with Shree Naman Developers and JM Financial Properties and Holdings, has been chosen as the successful bidder for Hotel Horizon (HHPL), a company currently undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016. The committee of creditors (CoC) has issued a letter of intent (LoI) approving the consortium’s resolution plan. According to the plan, the consortium will make a payment of ₹919 crore to HHPL’s creditors as a full and final settlement, including the costs associated with the Corporate Insolvency Resolution Process (CIRP). Founded in 2004, HHPL owns a sea-facing land parcel…

IndustryLatest Stories

Maharashtra panel suggests 10% extra area for self-redevelopment

MUMBAI: A government-appointed committee has proposed a 10% increase in carpet area for residents of housing societies who choose the self-redevelopment scheme, aiming to encourage self-redevelopment. Self-redevelopment allows residents to manage the construction of their own buildings without a builder, retaining all construction benefits and profits that would normally go to developers. On Monday, BJP MLC Pravin Darekar submitted the committee’s report to Chief Minister Devendra Fadnavis at a function in Vidhan Bhavan. The recommendations will be passed on to the departments of housing, cooperatives, and urban development. “The proposal will be endorsed by the cabinet based on departmental suggestions.…

IndustryLatest Stories

Civic Body Gets 49,000 Feedback on Revised Development Plan

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has wrapped up the period for public feedback on its draft revised development plan. “We received 49,000 suggestions and objections from residents,” reported Prasad Gaikwad, deputy director of PCMC’s town planning department, to TOI. He further noted that a committee of civic officials and external experts will be assembled to review the submissions before finalizing the draft, which will be sent to the state government for approval. The draft was initially approved during a standing committee meeting led by municipal commissioner Shekhar Singh on May 16. In accordance with regulations, the draft was…

IndustryLatest Stories

Elan Group Secures ₹250 Crore from Piramal Finance

Gurgaon-based developer Elan Group has secured ₹250 crore from Piramal Finance for a commercial project in the city, as reported by sources familiar with the matter. This financing follows a ₹1,200 crore funding from Kotak Real Estate Fund last year, and the company aims to expedite its projects in the area. In 2022, Elan Group raised $110 million (approximately ₹900 crore) from global alternative investment firm PAG. “The funding is designated for a commercial project covering one million sq ft in Gurgaon,” stated one of the sources. Elan Group opted not to comment, and transaction advisor CBRE was unavailable for…

Latest StoriesRegulatory

Lucknow body initiates probe into illegal construction activities

LUCKNOW: The Lucknow Development Authority (LDA) has initiated an inquiry into claims of unauthorized construction at a site in Vinamra Khand, Gomtinagar, in response to a complaint from the owner of a neighboring plot. LDA Vice-Chairman Prathamesh Kumar instructed officials to carry out a comprehensive investigation and submit their findings. “The matter is currently under review by the relevant department,” he stated. In the past 25 days, two complaints have been lodged by Yamini Mathur, the owner of the adjacent plot, alleging that the construction deviates from the approved building plan. The latest complaint, filed on Saturday, asserted that construction…

IndustryLatest Stories

Delhi Master Plan 2041 Might Go Back to the Drawing Board

NEW DELHI: Is the draft Master Plan for Delhi 2041 going back for revisions? Over two years after the Delhi Development Authority (DDA) submitted the draft for notification and implementation—only for it to be sidelined—the discussion around Master Plan 2041 has reignited. On Monday, the Delhi government convened a private meeting to evaluate various elements of this critical document that outlines the future of urban development and infrastructure in the capital. Sources indicate that DDA presented a comprehensive overview of the draft to Chief Minister Rekha Gupta, her cabinet, and senior officials of the Delhi government. Further discussions are anticipated…

InfrastructureLatest Stories

Gujarat Unveils New Policy for Township Projects After 16 Years

Representative image created by AI GANDHINAGAR: Gujarat is reexamining its urban housing strategy. As part of its Urban Development Year initiative, the state government is crafting a new township policy aimed at fostering organized and affordable housing throughout its cities. The previous policy from 2009 struggled to take off due to various implementation issues. The updated version aims to provide incentives such as eased floor space index (FSI), tax reductions, and improved alignment with urban development plans. Sixteen years after launching the 2009 Residential Township Policy, the government plans to entice real estate developers to create large-scale, self-sufficient townships. Senior…

IndustryLatest Stories

Maharashtra: No tolerance for illegal constructions, warns deputy CM

MUMBAI: Deputy Chief Minister Eknath Shinde stated in the legislative assembly on Monday that the Maharashtra government will not endorse any illegal constructions and will impose strict penalties on officials found complicit in permitting such structures. Responding to a question from Parag Alavani (BJP) during the Question Hour, Shinde announced that instructions will be given to the Brihanmumbai Municipal Corporation (BMC) commissioner to compile a detailed inventory and categorization of illegal constructions in Mumbai. “Any officer found protecting illegal constructions will face strict action,” warned Shinde, who oversees urban development and housing. Members including Yogesh Sagar, Jitendra Awhad, Dilip Walse…