27 Jan 2025

The Pune Municipal Corporation (PMC) has intensified its crackdown on unauthorized constructions, demolishing over 125 illegal structures in Shivejinagar, Chandannagar, and Kondhwa. The drive targeted encroachments on Maha Metro land near Dengale Bridge and unauthorized shops and food stalls operating without permits. Despite prior warnings, many continued operations, prompting immediate action. The initiative is part of PMC's ongoing efforts to maintain public order and compliance with building regulations. As Pune faces rapid urbanization, such measures are crucial for ensuring organized development and preserving public spaces across the city.Read more

24 Jan 2025

CapitaLand Group, a Singapore-based real estate giant, is investing INR 450 crore to develop a 1 million sq ft IT park in Hyderabad. The decision was finalized in a high-level meeting with Telangana Chief Minister A Revanth Reddy and IT Minister D Sridhar Babu in Singapore. The park aims to cater to Global Capability Centers (GCCs) and blue-chip firms, reinforcing Hyderabad's position as a global tech hub. CapitaLand is also developing a 25 MW data center and redeveloping International Tech Park Hyderabad (ITPH), showcasing its long-term commitment to the city's economic growth.Read more

24 Jan 2025

The Tamil Nadu State Environment Impact Assessment Authority (SEIAA) has granted environmental clearance for Tidel parks in Madurai and Trichy, with a combined investment of INR 579 crore. The Madurai Tidel Park, covering 9.97 acres with a built-up area of 5.67 lakh sq. ft., will cost INR 289 crore and create 5,500 jobs. Trichy's 11-acre park, with 5.5 lakh sq. ft., will cost INR 290 crore, generating 5,000 jobs. The foundation stones are expected to be laid within a month, marking a significant step in strengthening the state's IT and ITES ecosystem.Read more

24 Jan 2025

The South Goa district collector has announced a one-day special drive on January 25 to expedite the processing of pending applications under the Goa Regularisation of Unauthorised Construction Act, 2016. The initiative aims to bring together applicants and representatives from key departments, including the Public Works Department (PWD), Town and Country Planning, Forest Department, and Survey & Land Records Office, for streamlined decision-making. Applicants with constructions exceeding permissible limits will have the chance to revise their plans before facing rejection. A comprehensive list of pending applications were compiled, and technical departments submitted their reports by January 20.Read more

23 Jan 2025

Jammu and Kashmir's Chief Minister, Omar Abdullah, has emphasized the adoption of modern urban-planning strategies, including land pooling, transferable development rights (TDR), and transit-oriented development (TOD), to promote systematic city growth. Land pooling aims to enhance infrastructure while benefiting landowners, while TDR compensates those who surrender land for public purposes by offering transferable floor area ratios. TOD focuses on sustainable development around public transport hubs to reduce congestion and improve connectivity. The meeting also prioritized waste management under a Public-Private Partnership (PPP) model. These reforms aim to foster organized, sustainable urban development, benefiting both stakeholders and residents across the region.Read more

23 Jan 2025

The Mumbai Metro Rail Corporation (MMRCL) has temporarily put its plans to lease a 4.2-acre land parcel in Nariman Point for property development on hold. Originally, the plot was intended for monetisation through a long-term lease agreement, with an RFP issued earlier this week. However, a public notice announced its withdrawal, citing "technical issues" that need resolution. The land, which was once used as office space by political parties, is seen as a prime location for mixed-use development. MMRCL aims to revisit the proposal in the near future after addressing these issues.Read more

23 Jan 2025

In an effort to enhance fire safety in industries and commercial establishments, the Telangana Fire Department has proposed amendments to the Telangana Fire Services Act, 1999. The amendment seeks to make it mandatory for all commercial buildings, irrespective of height, to obtain a No Objection Certificate (NOC). Currently, commercial structures below 15 metres are exempt from this requirement, leading to negligence in fire safety measures. Officials argue that the amendment is necessary to address the growing needs of Hyderabad and Telangana, ensuring that all establishments comply with fire safety norms.Read more

22 Jan 2025

The Himachal Pradesh government has introduced the Baddi-Barotiwala-Nalagarh Development Authority (BBNDA) Land Pooling Policy-2025 to promote systematic and sustainable urban development in the Baddi-Barotiwala-Nalagarh area of Solan district. The policy, announced earlier this month aims to transform unorganised land holdings into planned layouts with the voluntary participation of landowners, ensuring improved urban planning and infrastructure without compulsory land acquisition. The BBNDA will spearhead residential, commercial, institutional, and mixed-use projects while landowners will contribute land in exchange for proportionate plots in saleable areas. Applications will undergo scrutiny within a month, and approved plans will be executed promptly.Read more

22 Jan 2025

Goa Industrial Development Corporation (GIDC) is set to conduct its sixth e-auction of industrial plots at Verna, with 20 plots available. Following a significant 80% rise in the average bid price during the previous auction, GIDC expects heightened interest, particularly from the pharmaceutical and logistics sectors. Notable pharmaceutical companies like Fertin and Centaur acquired large plots in earlier auctions, reinforcing investor confidence in Goa's industrial ecosystem despite the absence of tax incentives. Simplified allotment and auction norms have further boosted participation, with the fifth auction witnessing 81% of plots receiving multiple bids.Read more

22 Jan 2025

The Chief Minister of Gujarat inaugurated the GIFT International Fintech Institute (IFI) and GIFT International Fintech Innovation Hub (IFIH) at Gujarat International Finance Tec-City (GIFT City). Supported by the Asian Development Bank (ADB), these initiatives aim to position GIFT City as a global leader in financial technology. The IFI will offer cutting-edge training programmes from January 2025, designed to upskill professionals in fintech, AI, and more, while the IFIH will foster start-ups through mentorship and resources. These ventures underscore India's commitment to becoming a fintech powerhouse.Read more