Tag: Jaipur

IndustryLatest Stories

RIICO Enables Sale of Rajasthan Financial Corporation Properties

Representative Image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has granted conditional approval for issuing No Objection Certificates (NOCs) to the Rajasthan Financial Corporation (RFC) for the sale of properties that were allotted to it. According to a statement from RIICO, the RFC is permitted to sell properties located in several industrial zones across Banswara, Kota, Alwar, Jhunjhunu, Abu Road, Balotra, Jalore, and Bhiwadi. These properties were allocated by RIICO over time at either concessional or current market rates for constructing office and residential buildings. RFC sought NOCs from RIICO to facilitate these plot sales, and the…

Latest StoriesRegulatory

SC Directs Municipal Bodies to Survey Commercial Misuse in Homes

JAIPUR: The Supreme Court has mandated that municipal bodies in all state and Union Territory capitals conduct a survey of residential areas used for commercial activities, submitting affidavits detailing violations by May 15, 2026. This places the Jaipur Municipal Corporation (JMC) under a tight deadline. The directive was issued during a hearing regarding unauthorized commercial use in a Chennai colony, with Justices Ahsanuddin Amanullah and R. Mahadevan expanding its nationwide application. “Authorities must conduct a thorough investigation to identify areas designated for residential use that are being misappropriated for commercial purposes. A comprehensive report outlining these cases must be presented…

InfrastructureLatest Stories

Cabinet Approves ₹13,000 Cr Jaipur Metro Phase-II Project

NEW DELHI: On Wednesday, the Union Cabinet approved the Phase-2 of the Jaipur Metro Project, which will feature a 41-km corridor with 36 stations, at an estimated cost exceeding Rs 13,000 crore, according to Union minister Ashwini Vaishnaw. The project will be executed by the Rajasthan Metro Rail Corporation Limited (RMRCL), a 50:50 joint venture between the Government of India and the Government of Rajasthan. The Cabinet, under Prime Minister Narendra Modi, also greenlit the North-South corridor from Prahladpura to Todi Mod with a total project cost of Rs 13,037.66 crore, Vaishnaw stated during a media briefing. The Phase-2 corridor…

Latest StoriesRegulatory

ED Seizes ₹944 Crore in Properties Linked to Housing Fraud

NEW DELHI: The Enforcement Directorate (ED) has seized immovable assets valued at approximately Rs 944 crore under the Prevention of Money Laundering Act. This action is tied to allegations of failure to deliver housing units to more than 1,500 homebuyers in Haryana and Rajasthan, officials reported on Monday. The affected projects are situated in Palwal, Faridabad, Rewari, and Bhiwadi, where buyers allegedly did not receive possession even after making payments, the agency stated. In a recent announcement, the ED indicated it “has provisionally attached immovable properties worth about Rs 944 crore, owned by Piyush Colonisers Limited, former promoters of the…

IndustryLatest Stories

Jaipur Development Body Launches Five Land Pooling Plans

Representative Image JAIPUR: The Jaipur Development Authority (JDA) has introduced five new land pooling schemes aimed at promoting organized urban growth, featuring industrial, residential, and mixed-use developments. Two of the proposed schemes will be situated along Mahal Road, while the remaining three are planned for Agra Road, Kalwar Road, and near Tonk Road in Sanganer, according to officials. JDA has designated a 127.08-hectare plot in Ramchandrapura, near Rampura and Kanwarpura villages, primarily for industrial purposes, with over 58% of the area allocated for industries and recreational spaces, including 200-foot-wide road networks. Additionally, a 266.42-hectare site encompassing Vidhani, Rampura, Kanwarpura, Jaichandpura,…

InfrastructureLatest Stories

Jaipur Development Body’s Expansion Lacks Benefit for Outskirts

JAIPUR: Approximately three months ago, residents of a substantial residential complex along Ajmer Road encountered a significant issue. Despite the efforts of the residents’ welfare association (RWA) to clean the complex’s sewerage tank, all attempts proved ineffective. As the complex fell outside the jurisdiction of the Jaipur Municipal Corporation, RWA members were unable to persuade the civic body to address the cleaning. Both the local panchayat and Jaipur Development Authority (JDA) informed them that they do not extend services to individual households. In Jaipur’s suburban colonies and residential projects, residents persistently grapple with a lack of essential civic amenities. Urban…

InfrastructureLatest Stories

Experts: Jaipur’s 2047 Plan Lacks Central Government Guidelines

JAIPUR: A recent interim order from the Rajasthan High Court has halted the Jaipur Development Authority’s (JDA) plans for jurisdiction expansion. Town planning experts have conducted a new study that highlights significant shortcomings in the proposed draft of the Master Plan 2047. The findings suggest that the JDA’s proposed expansion might not comply with the Urban and Regional Development Plans Formulation and Implementation (URDPFI) guidelines established by the NDA government in 2015. Alarmingly, the projected population density in the JDA’s proposed area is only 23 persons per hectare, well below the URDPFI guideline of 175 persons per hectare for cities…

IndustryLatest Stories

RIICO Introduces 33-Year Lease with 40% Land Discount

Representative image JAIPUR: Chief Minister Bhajan Lal Sharma has announced that RIICO will permit entrepreneurs to secure plots in 30 identified industrial areas at 60% of current rates, with a lease term of 33 years. This initiative is anticipated to significantly lower the costs of establishing industries. Furthermore, the payment duration under the direct allotment scheme has been extended from three to five years, allowing investors to pay in 19 quarterly installments. To facilitate industrial transactions, the transfer fee for plot sales post-production has been halved from 1% to 0.5%. Additionally, the conversion fee for weighbridge operations has been reduced…

CommercialLatest Stories

Manglam Group to Invest ₹400 Cr in Jaipur Commercial Project

NEW DELHI: Manglam Group is set to invest around ₹400 crore in the development of Summit Signature Sangam, a commercial project located along Ajmer Road in Jaipur. This project is being executed in collaboration with Sangam India. Covering over 11,500 sq yards, the project is designed as a ground plus three-floor commercial space, featuring floor plates that start at approximately 1,100 sq ft. Published on Mar 16, 2026 at 02:00 PM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights and analyses delivered to your inbox. Stay updated on ETRealty industry news right…

Latest StoriesResidential

Jaipur: 2,000 Sanganer Residents March to Save Homes

File Photo JAIPUR: Residents Protest Over Housing Uncertainty Nearly 2,000 residents from 87 colonies in the Sanganer area gathered for a protest march on Sunday, voicing their concerns regarding the future of their homes. This demonstration temporarily disrupted traffic on Tonk Road for approximately four hours. Many of these families have lived in the colonies for years, having purchased plots through registered cooperative societies and constructed homes with bank loans. Essential services, including water supply, electricity, roads, and sewer lines, have been established in the area over time. However, the situation has changed as the land was later included in…