2024-02-29
The government greenlights PM-Surya Ghar: Mufti Bijli Yojna, allocating Rs 75,021 crore to offer Rs 78,000 subsidy for solar plant installation and free power up to 300 units monthly for one crore households. Launched by Prime Minister Narendra Modi on February 13, 2024, the scheme aims to revolutionize energy solutions, promising affordable and sustainable solar power. Subsidies range from 40% to 60% of system costs, capped at 3 kW.
2024-02-28
The city council approves the draft master plan 2040 amidst tensions between ruling and BJP councillors. Regulations on multi-storied building construction based on road width postponed for now. Kerala Municipality building rules to apply. Draft plan suggests limits on building size based on road width. Land type change not allowed in protected areas post master plan approval. Meeting turns chaotic over oral resolutions and alleged BJP actions.
2024-02-27
Pune's outer ring road, under development by MSRDC, receives Rs 10,519 crore for land acquisition in Maharashtra's interim budget. Officials aim to complete acquisition by June, with 90% of land secured for the western phase. The proposed 136.80 km-long road aims to ease Pune's congestion by diverting traffic. Additionally, Rs 22,225 crore is allocated for land acquisition for the Virar-Alibag multimodal corridor.
2024-02-26
Ashiana Housing will invest Rs 400 crore in developing a senior citizens residential Project, Ashiana Vatsalya, in Chennai. This is company's eighth senior housing project in the country and its second senior housing project in Chennai. Ankur Gupta, joint managing director, stated that the investment will be primarily from internal funds with a 8-10% loan. Spanning 17.9 acres within Mahindra World City, the project will be completed in eight years across five phases, starting with 258 units.
2023-09-02
The complete demolition site in sector 93A of the Supertech twin towers in Noida has been cleared of debris a year after they were demolished in accordance with Supreme Court directives. The Supertech Emerald Court's Residents Welfare Association (RWA) has suggested that a park be built on the vacant land parcel. The park's planning and design work is expected to begin within a month.
2023-09-02
The International Finance Corporation (IFC), a World Bank member, and Shriram Housing Finance Limited (SHFL) have joined forces to launch an affordable green housing lending product for self-built homes. Through the EDGE (Excellence in Design for Greater Efficiencies) certification mechanism, this program will draw on IFC's design efficiency experience. Additionally, the project will make use of IFC's impact monitoring tool (CAFI) to track and report on affordable green housing.
2023-09-02
A subsidiary of Man Infra Construction (MICL Group), Royal Netra Constructions (RNCPL), disclosed plans to rehabilitate a project in the western suburbs of Mumbai in a BSE filing. The project has the potential to generate Rs. 4,000 crores in revenue over the next five years. The aforementioned project is spread over a 10-acre land parcel and will witness one of the largest redevelopments in the Mumbai market. The project has the potential for a total building area of more than 50 lakh square feet and a carpet area for sale of 1.7 million square feet.
2023-09-02
Mumbai registered 10,515 properties in August 2023, a 22 percent increase year over year (YoY) and a 2 percent increase month over month. According to the Maharashtra Inspector General of Registrations and Stamps (IGR), this was the greatest revenue and registration collection in August since 2013. Over Rs 783 crore in taxes were collected by the government in August 2023, a rise of 21% from August 2022 but a decline of 5% from July 2023, according to the data.
2023-09-02
Approximately Rs 3,015 crore worth of recovery certificates (RCs) totaling more than 8,575 have already been granted by the Uttar Pradesh Real Estate Regulatory Authority (UPRERA). The authority added that out of this, RCs totaling around Rs 968 crore had been settled and recovered. So far, the authority has issued over 8,575 RCs totaling Rs 3,015 crore. "After recovery by the respective collectors, Rs 630.70 crore has been deposited in the accounts of 3,421 allottees and complainants," the UPRERA stated.
2023-09-02
Homebuyers from the Kharavela Enclave, an upscale housing project constructed by the Odisha State Housing Board (OSHB) in the Khandagiri neighborhood of this city, protested in front of the OSHB headquarters at Unit IV and requested an early handover of their flats. Even though they had paid the board the full sum for their apartments, the buyers claimed they had not yet turned in their units despite the time having passed. Up to 100 allottees protested in front of the board's office on Monday.
