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IndustryLatest Stories

Godrej Properties Snags 11 Acres in Gurugram, 5 Acres in Kolkata

Representative AI image NEW DELHI: Godrej Properties (GPL) has secured 11.36 acres of land in Sector 63A, Gurugram, for residential development via an outright purchase. This venture is projected to generate an estimated revenue of over ₹4,500 crore, featuring a combination of premium low-rise and high-rise residences. Gaurav Pandey, Managing Director & CEO, stated, “With this new project, we have successfully added over ₹40,000 crore in future sales potential through portfolio expansions in FY26, achieving twice our business development target for the fiscal year.” In a separate initiative, the company also won a bid in an e-auction conducted by the…

InfrastructureLatest Stories

Pune Mandates Sensors for STP Monitoring in Housing Societies

PUNE: The civic authorities have mandated the installation of sensors in nearly 750 housing societies to facilitate effective monitoring of sewage treatment plants (STPs) within these residential areas. According to Pune Municipal Corporation (PMC) officials, all residential complexes with over 100 flats must manage their wastewater on-site. “The sensors will enable us to assess the efficiency of the STPs. Housing societies must handle their generated sewage. If they fail, corrective measures will be enforced,” stated Prithviraj BP, additional commissioner of PMC. The initiative is aimed at preventing the discharge of untreated wastewater and combatting water pollution. With urbanization leading to…

Latest StoriesRegulatory

Credai Challenges Pallikaranai Construction Ban in Madras HC

CHENNAI: The Confederation of Real Estate Developers’ Associations of India (Credai) has approached the Madras High Court to challenge a National Green Tribunal (NGT) ruling that bans construction activities within a 1km radius of the Pallikaranai marshland. This ban will remain until a comprehensive scientific study is conducted to identify the wetland’s zone of influence. The first bench, including Chief Justice Manindra Mohan Shrivastava and Justice G. Arul Murugan, has admitted the plea and instructed the Chennai Metropolitan Development Authority (CMDA) and the state forest department to respond within four weeks. According to the petitioner, the NGT prohibited approvals or…

Latest StoriesResidential

NDMC Orders Palika Dham Residents to Vacate by March 7

NEW DELHI: The New Delhi Municipal Council (NDMC) issued a new public notice on Tuesday instructing residents of the Palika Dham complex near Gole Market to vacate the premises immediately due to safety concerns regarding the building. The notice, signed by the NDMC’s joint director, sets March 7 as the deadline for residents to leave. “We wish to inform the public that the structure is in a dilapidated state and is unsafe for habitation. We request all Palika Dham residents to cooperate with the administration in vacating the premises to avoid any risks,” the notice stated. Additionally, the NDMC announced…

InfrastructureLatest Stories

Ahmedabad’s Development Plan Now Targets 2041

Representative AI image AHMEDABAD: A new Development Plan (DP) is in the works before the current plan’s 10-year term wraps up. However, the Ahmedabad Urban Development Authority (Auda) has yet to finalize this draft, despite the previous plan—Ahmedabad Development Plan 2021—expiring a year ago. This delay stems from Auda’s decision to depart from longstanding traditions. Rather than crafting another 10-year plan, they are developing a 20-year plan, extending through to 2041, largely influenced by the potential hosting of the 2036 Olympics in Ahmedabad and Gandhinagar. For the first time, Auda is committed to creating a 20-year Development Plan instead of…

Latest StoriesRegulatory

SC Issues Notice on Ramodaya Housing Project in Mormugao

PANAJI: The Supreme Court has issued a notice to the town and country planning department and the Mormugao planning and development authority regarding a petition challenging the permissions granted for the Ramodaya Cooperative Housing Society project in Mormugao. The SC bench, consisting of Justices Vikram Nath and Sandeep Mehta, has directed all parties to maintain the status quo concerning the possession and construction of the disputed property. Swapnesh Sherlekar approached the SC after the Bombay High Court dismissed his petition last year, which contested the development permissions and alleged significant hill cutting for the project. Sherlekar is challenging the inaction…

IndustryLatest Stories

Noida: Paramount Developers Pays ₹106 Cr, Unlocks 135 Flats

NOIDA: Paramount Developers has paid over ₹106 crore to the Noida and Greater Noida authorities, settling dues on two housing projects and paving the way for the registration of 135 flats. This includes 35 flats in Paramount Emotions located in Greater Noida West and 100 in Paramount Floraville in Sector 137, Noida. As per the developer, approximately ₹26 crore was paid to the Greater Noida Authority, while ₹80 crore went to the Noida Authority, following a settlement framework established by the Uttar Pradesh government for distressed housing projects. Paramount Emotions, covering 11 acres, was launched in 2010 and includes 19…

InfrastructureLatest Stories

Himachal Pradesh mandates EV chargers in commercial buildings

Representative Image SHIMLA: The Himachal Pradesh government has mandated the installation of Electric Vehicle (EV) charging stations in commercial, public, semi-public buildings, and real estate projects, as per the Himachal Pradesh Town and Country Planning (17th Amendment) Rules, 2026, officials announced on Tuesday. This initiative aligns with model building bye-laws aimed at advancing the state’s physical infrastructure in line with the growing adoption of electric mobility, stated Town and Country Planning Minister Rajesh Dharmani. The Himachal Pradesh government is dedicated to becoming a green energy state. To achieve this, significant legislative updates have been integrated into urban development for sustainable…

CommercialLatest Stories

Prime Offices Fund buys 51% stake in 1.1M sq ft Pune asset

NEW DELHI: Prime Offices Fund (PRIME), a commercial real estate-focused fund managed by Nuvama and Cushman & Wakefield Management (NCW), has obtained a 51% stake in TenSteps, a 1.1 million sq. ft. office project located in Pune’s Kharadi micro-market. This deal was executed through a joint venture, with Keppel maintaining the remaining 49% stake. The asset is currently in the leasing phase. With this acquisition, PRIME’s office portfolio will grow to about 3.8 million sq. ft. across major markets, including Delhi NCR, Chennai, and Pune. NCW, which manages the fund, is a 50:50 joint venture between Nuvama Asset Management and…

IndustryLatest Stories

Ahmedabad body now permits development in Gokuldham agri zone

AHMEDABAD: Twelve years after the Ahmedabad Urban Development Authority (Auda) approved the layout for Gokuldham township, the authority’s chairman has been empowered to issue development and revised development permissions for the agricultural land within the township. A dispute surfaced in April 2014, resulting in a halt to these permissions. The township covers over 10 lakh square meters in Sanand taluka, adjacent to Ahmedabad city. On October 8, 2002, Auda authorized the comprehensive layout plan for Gokuldham, which spans more than 50 hectares of land under the General Development Control Regulations of that time. Permissible specifications included an FSI of 1.2,…