Category: Latest Stories

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InfrastructureLatest Stories

Amravati Mandates Cool Roofs to Combat Extreme Heat

Representative AI image AMRAVATI: To combat extreme heat and manage rising energy demand, the Amravati Municipal Corporation (AMC) has made ‘cool roofs’ a requirement for new buildings and introduced tax incentives for upgrading existing ones. AMC officials noted that it is one of the pioneers in Maharashtra to enforce the Cool Roof Bylaws 2025, a part of the state government’s governance initiative. This policy incorporates heat mitigation strategies into urban planning and complements ongoing initiatives like the Majhi Vasundhara Abhiyan and national sustainable cooling programs, thereby enhancing climate resilience in the city’s building codes. According to Municipal Commissioner Saumya Sharma…

Latest StoriesResidential

Mohali Launches 50th Affordable Housing Project in Sector 114

Representative Image MOHALI: The Greater Mohali Area Development Authority (GMADA) has launched its 50th affordable housing project, introducing a revised layout plan for a new residential plotted colony spanning 25 acres in Sector 114, village Kailon, Tehsil Mohali. Dubbed “White City,” this initiative is being developed by a private company, according to GMADA officials. A public notice regarding the updated layout has been issued by GMADA, inviting interest from potential buyers and stakeholders. Over the years, Mohali has seen a consistent increase in affordable housing developments, driven both by GMADA and private developers. Areas like Kharar, Banur, and sectors such…

IndustryLatest Stories

Noida Airport to Drive Real Estate Growth in NCR, Yamuna Expressway

Representative AI image NEW DELHI: On Saturday, Prime Minister Narendra Modi inaugurated phase-I of the Noida International Airport in Jewar, at an estimated cost of ₹11,200 crore. This initiative is expected to significantly transform the real estate landscape of the National Capital Region (NCR). The airport, situated along the Yamuna Expressway, aims to enhance connectivity in western Uttar Pradesh and the NCR, linking important urban and industrial centers such as Noida, Greater Noida, Ghaziabad, Agra, and Aligarh. Modi noted that the project represents a pivotal advancement in Uttar Pradesh’s development and will bolster India’s aviation capabilities. He stated, “Airports are…

InfrastructureLatest Stories

Noida Airport Phase-I to cost ₹11,282 crore; total ₹29,560 crore

NOIDA | LUCKNOW: The first phase of the Noida International Airport in Jewar, with an investment of Rs 11,282 crore, is set to be inaugurated this Saturday by Prime Minister Narendra Modi. This phase is part of a larger initiative estimated to cost Rs 29,560 crore, aimed at establishing Jewar as a prominent aviation hub for North India. As stated, the Prime Minister will also launch the cargo terminal and lay the foundation for a Maintenance, Repair and Overhaul (MRO) facility, enhancing India’s aviation infrastructure. Chief Minister Yogi Adityanath will attend the event along with several Union and state ministers.…

InfrastructureLatest Stories

PM Launches Phase I of Noida International Airport

NOIDA: Prime Minister Narendra Modi inaugurated the first phase of the Noida International Airport, situated in Jewar, on Saturday. He was joined by Chief Minister Yogi Adityanath, Aviation Minister Kinjarapu Ram Mohan Naidu, and other dignitaries. Extensive security measures were implemented due to the prime minister’s visit. The first phase of the airport, developed at an estimated cost of ₹11,200 crore, aims to serve as a multi-modal transport hub, ensuring seamless connectivity through road, rail, metro, and regional transport systems. According to an official statement, the project will feature a multi-modal cargo hub with an initial handling capacity of over…

Latest StoriesResidential

Delhi: 700+ DDA Flats Booked Within 2 Days of Launch

Representative image NEW DELHI: Over 700 flats have been booked under two residential schemes by the Delhi Development Authority (DDA) in the Narela area within just two days of their launch, officials reported on Friday. Under the ‘DDA Karmayogi Awaas Yojana’ 2025, flats are available for retired government employees. Recently, the DDA introduced 936 additional flats in Pocket 6, Sector A1-A4, Narela. “Booking commenced on March 26, coinciding with Ram Navami, and saw a remarkable response, with more than 400 flats booked within just two days,” an official statement revealed. In a similar manner, the ‘DDA Nagrik Awaas Yojana’ 2026…

Latest StoriesRera

Haryana RERA Orders Sunrays Heights to Deliver Homes with Interest

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has mandated a developer to deliver possession of flats to allottees, along with applicable interest, due to a five-year delay. HRera has ordered Sunrays Heights Private Limited to hand over possession following multiple complaints related to an affordable housing project in Sector 63. One prominent case was filed by Kinshuki Goel, concerning the 63 Golf Drive project, which spans 5.9 acres. The order does not specify a fixed handover date. Homebuyers reported significant financial investments—some exceeding Rs 13 lakh—with possession still pending years after the initial timeline. The scheduled date for possession…

InfrastructureLatest Stories

Pune Links Building Permits to Land Acquisition for Road Widening

PUNE: The Pune Municipal Corporation (PMC) has implemented new regulations aimed at eliminating persistent delays in infrastructure projects by tying building permits to land acquisition for road widening. Under the updated guidelines, developers are required to submit a formal proposal to transfer any land that may be impacted by upcoming road expansions within 15 days of requesting building approval. Importantly, the land must be physically conveyed to the PMC before the construction reaches the plinth level — the base of the structure. This directive was communicated through a circular from the building permission department. “We will strictly monitor this process,”…

Latest StoriesRegulatory

Redeveloped Flat Exempt from ‘Other Income’ Tax: ITAT

MUMBAI: The Income Tax Appellate Tribunal (ITAT) in Mumbai has favored a taxpayer who received a flat valued at ₹11.7 crore as part of a redevelopment project in exchange for surrendering his tenancy rights. ITAT determined that the surrender of tenancy rights constituted the transfer of a capital asset, qualifying taxpayer V Asher for an exemption under Section 54F of the Income Tax Act. The tribunal also stated that the flat’s value should not be taxed as ‘Income from other sources.’ During the review of Asher’s 2019-20 tax return, the I-T officer questioned the legitimacy of the tenancy arrangement. Consequently,…

Latest StoriesResidential

Kolkata Home Registrations Fall 1% YoY to 4,974 in Feb 2026

Sure! Here’s a rewritten version of the content: KOLKATA: In February, the Kolkata Metropolitan Area (KMA) saw a significant increase in residential property registrations, reaching 4,974—a 63% rise from the previous month. This uptick is attributed to a recovery from the seasonal dip observed in January, according to property consultant Knight Frank India. Compared to February 2025, this year’s registrations saw a slight decline of 1%, with 5,016 units recorded last year. The data originates from the Directorate of Registrations and Stamps Revenue, Government of West Bengal, and accounts for transactions in both the primary (new sales) and secondary (resale)…