PNT Reporter

20 Dec 2024

Odisha's Housing and Urban Development Department has initiated PMAY-U 2.0 to provide quality housing for urban residents over five years. Applications are now open through a unified web portal, with outreach campaigns boosting awareness. A mobile app is collecting data on vulnerable groups, ensuring targeted beneficiary selection. The state plans to finalize the beneficiary list post-survey within two months. At the national level, PMAY-U 2.0 focuses on affordable homes and rental housing for migrants, workers, and women. With strategic planning and surveys, Odisha's model aims to alleviate the urban housing crisis and advance the goal of "Housing for All."Read more

PNT Reporter

20 Dec 2024

The Greater Noida Development Authority (GDA) is set to acquire 490 hectares from eight villages for the INR 10,000 crore Harnandipuram township project. District Magistrate Indra Vikram Singh formed a six-member committee to oversee land acquisition, with surveys led by GDA and tehsil officials. Key villages include Nangla Ferozepur (247.8 hectares) and Shamsher (124 hectares). The state government will fund 50% under the CM Urban Expansion New City Promotion Scheme, with GDA covering the rest. The GDA is also preparing a detailed project report (DPR), seeking private firms for development proposals. This initiative aims to boost regional growth and infrastructure.Read more

PNT Reporter

20 Dec 2024

India's office space leasing across eight major cities is projected to increase by 14% in 2024, reaching a record 85 million square feet, according to Cushman & Wakefield. The growth is being driven by demand in sectors like IT-BPM, BFSI, engineering, and flex spaces. The consultant predicts that fresh leasing, particularly from Global Capability Centres (GCCs) and expanding domestic companies, will make up 70% of the gross leasing volume. The market is also witnessing upward pressure on rents in prime areas due to the expected surge in leasing activity.Read more

PNT Reporter

19 Dec 2024

Bengaluru-based RMZ Corp, in partnership with the Canada Pension Plan Investment Board (CPPIB), plans to invest USD 750 million in redeveloping the iconic Kamal Amrohi Studio into a modern office complex named RMZ Nexus. Situated along Jogeshwari-Vikhroli Link Road (JVLR), the 10.94-acre project spans 3.74 million square feet across six towers. The project, scheduled for completion by 2027, will include direct metro integration and offer diverse amenities such as retail spaces, fine dining, wellness zones, and sky bars. RMZ aims to reshape Mumbai's commercial real estate landscape, underlining its commitment to India's growing economy.Read more

PNT Reporter

19 Dec 2024

Crossings Republik, the first township developed under the UP government's Integrated Township Scheme, faces significant challenges in civic development and connectivity. Developers have requested a five-year extension from the government to complete essential infrastructure, including drainage systems, EWS and LIG housing, and other civic amenities. Connectivity issues have also been highlighted, with current roads being narrow, congested, or unfit for heavy vehicles. Residents and developers alike have called for urgent intervention, including road development and land acquisition to resolve these issues and improve accessibility.Read more

PNT Reporter

19 Dec 2024

The New Delhi Municipal Council (NDMC) has unveiled plans to develop two commercial complexes to boost its infrastructure and revenue. One complex, located opposite Prithviraj Market, will replace single-storey vacant flats with an eight-storey structure featuring offices and retail spaces. The other project, near Akbar Bhawan in Chanakyapuri, involves a ten-storey commercial building with four basements. While the first project is slated to begin in the next financial year after council approval, the second is undergoing tender revision following court clearance. Both initiatives aim to optimise vacant spaces and enhance urban facilities, including parking solutions.Read more

PNT Reporter

19 Dec 2024

The Atal Smart City, developed under the central government's Smart City Mission, was inaugurated by Chief Minister Bhupendra Patel. Located in Raiya, Rajkot, the project, spread across 930 acres, has a modern infrastructure with all essential amenities. It includes a road network of 18.21km, an 8.51km BRTS corridor, and a recycled water system aimed at conserving potable water. Key features also include stormwater drainage, power ducts, and dedicated cycle tracks. The project, costing INR 550 crore, is expected to accommodate around four lakh residents, with completion set for November 2024.Read more

PNT Reporter

18 Dec 2024

HUDCO has signed an MoU with the Delhi Development Authority (DDA) to provide consultancy services for urban infrastructure projects in Delhi. This partnership aims to develop affordable housing, commercial, and mixed-use spaces to address rising urban demands. HUDCO will also conduct capacity-building programs for DDA officials to improve project execution efficiency. Given Delhi's rapid urbanization and challenges like population growth and housing shortages, the collaboration focuses on inclusive development. By leveraging HUDCO's expertise, the DDA aims to enhance urban living conditions, promoting a more sustainable and livable environment for residents of the capital.Read more

PNT Reporter

18 Dec 2024

The Indian government has introduced a self-survey feature via the Awaas+ 2024 mobile app under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) to streamline beneficiary identification for rural housing. Announced by Union Minister Chandra Sekhar Pemmasani, PMAY-G's extension for five years aims to construct 2 crore houses, benefiting 100 million people. Over 2 lakh surveyors have been trained across 26 states and 8 UTs to assist with data collection. This initiative enhances efficiency, promotes citizen participation, and supports sustainable housing. The self-survey feature empowers rural communities, ensuring assistance reaches those in need while improving living conditions and quality of life.Read more

PNT Reporter

18 Dec 2024

The Lucknow Development Authority (LDA) conducted a lottery under the Pradhan Mantri Awas Yojana (PMAY), allocating 369 houses to waiting list applicants. Supervised by Vice-Chairperson Prathmesh Kumar at Baradari Lawn, the event allowed participants to draw their own lottery slips. The allocation included 209 houses from the Sharda Nagar Extension Scheme and 160 from Sector-N of Basant Kunj Yojana. The entire process was videographed to ensure transparency, enabling even absent applicants to receive their housing allotments. This lottery marked a significant moment for many hopeful recipients, transforming their long-standing housing aspirations into reality.Read more