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17 Tall Buildings Approved in Ahmedabad Over Last 2 Years

Here’s a rewritten version of the content: Representative AI image AHMEDABAD: The Standing Committee of the Ahmedabad Municipal Corporation (AMC) convened on Thursday to evaluate the construction proposals for towers exceeding 70 meters in height within the city. Over the past two years, the AMC has approved development permits for 17 tall buildings, generating an income of ₹250 crore. All 17 structures are located exclusively in the western part of the city and will comprise a total of 2,000 residential and 2,300 commercial units. The AMC’s town development department has already issued the Building Use (BU) certificate for one tower,…

Max Estates Gets Development Rights for 7.25 Acres in Gurugram

Representative image NEW DELHI: Max Estates has acquired the development rights to a 7.25-acre land parcel in Sector 59, Gurugram. This agreement involves purchasing 100% of Base Buildwell (BBPL), a project SPV that holds the license and development rights for the land. The project has the potential for 1.3 million sq ft of development, with an estimated investment of ₹534 crore, and is projected to yield a booking value exceeding ₹3,000 crore. The investment includes the complete acquisition of BBPL’s share capital, comprising 10,000 equity shares of ₹10 each and 24,17,256 compulsorily convertible debentures of ₹100 each, along with project-level…

New Building Bylaws Face Roadblocks in UP Cities

LUCKNOW: Challenges have arisen in the enforcement of the newly notified building bylaws in several cities. Key concerns raised by housing development authorities to the government include the parking requirements for hotels, the calculation of open space in layouts exceeding 300 square meters on a telescopic basis, and the potential for establishing hospitality and hotel facilities on agricultural land, among other issues. Currently, the approval process for building plans submitted by property owners has stalled in some areas. On July 3, the state government approved new building bylaws designed to be implemented by housing development authorities within regulated areas. This…