11 Oct 2023

Pune Metro is leveraging property assets to fund its expansion, allocating 9.7 hectares of land to Tata Group along a new 23 km elevated Metro line. This land allocation offers real estate development opportunities, with a portion already assigned to Pune IT City Metro Rail Limited. Real estate developers see potential for upscale properties along all three Metro lines, encouraged by increased Floor Space Index (FSI) and transit-oriented development. The Metro aims to significantly reduce commuting times, completing its journey in under 40 minutes. Delays have pushed the project's operational start to March 2025.Read more

11 Oct 2023

The Karnataka Housing Board (KHB) has proposed the construction of a world-class integrated township near Kempegowda International Airport, Bengaluru. It involves residential and commercial complexes alongside the integrated township. The project is set to be built on 95.23 acres of land in Chikkajala-Meenukunte village and the consent for transferring 65 acres of land for the project has already been received. It is a joint collaboration between KHB and landowners and aims to enhance connectivity and infrastructure in the vicinity of Kempegowda International Airport.Read more

10 Oct 2023

The YEIDA has issued a third global tender, focusing on the initial phase of the International Film City project in Sector 21. This 230-acre phase is part of a broader 1,000-acre project and aims to attract investors through a public-private partnership. Previous attempts to solicit interest for the entire 1,000-acre project faced challenges due to its substantial investment requirements. The project will include film studios, a film institute, post-production facilities, and commercial aspects like hospitality and an amusement park. YEIDA has extended the concession period and eased revenue-sharing terms to attract bidders.Read more

10 Oct 2023

The Telangana government has announced the construction of the Rs 700 crore 'iTEK Nucleus' IT tower in Malakpet, Hyderabad's Old City. This ambitious project will cover 11 acres and provide approximately 15 lakh square feet of built-up space, with plans to create 50,000 job opportunities. The 30-story tower will feature a panoramic sky lounge offering a 360-degree view of Hyderabad and is designed to achieve a gold rating from the Indian Green Building Council. The project is a collaboration between the Telangana State Industrial Infrastructure Corporation (TSIIC) and the Finczars consortium, with an expected completion time of 36 months. This initiative reflects the government's commitment to enhancing the tech ecosystem of the Old City and bolstering Hyderabad's infrastructure and transportation.Read more

07 Oct 2023

Mumbai Metropolitan Region Development Authority (MMRDA) is forging ahead with plans to establish six expansive growth centres across Bhiwandi, Alibaug, Kalyan, and Thane, aiming to lure investment by capitalizing on proximity to major infrastructure projects. The Kharbav centre, near Bhiwandi, is poised to become a magnet for investors due to its strategic location along the Virar-Alibaug multi-modal project, Mumbai-Ahmedabad high-speed rail, and dedicated freight corridors. Meanwhile, the Poynad centre in Alibaug gains appeal from its proximity to the Mumbai Trans Harbour Link, Virar-Alibaug multimodal corridor, and the upcoming second international airport in Navi Mumbai.Read more

07 Oct 2023

The Urban Planning Department in Chandigarh has raised concerns regarding the draft conversion policy for changing land use in industrial areas. They recommend assessing the demand for such conversions through an audit or survey. Concerns include incomplete conversions from industrial to commercial use and issues raised in the Chandigarh Master Plan regarding the compatibility of new land uses with old ones, urban design, infrastructure, and traffic bottlenecks. The department suggests implementing the MSME Act as an alternative, eliminating the need for a new conversion policy. Other challenges include addressing building violations and property misuse resulting from unauthorized conversions, possibly through one-time regularization.Read more

06 Oct 2023

Residents in Sector Alpha 2 of Noida are facing escalating issues concerning unattended construction and demolition (C&D) waste, compounded by ineffective waste management practices and inadequate waste segregation. Despite decisions made in a meeting convened by the Greater Noida Industrial Development Authority (GNIDA) to handle C&D waste, residents have reported a worsening situation, with garbage accumulating in various areas. The irregularity of door-to-door waste collection services has exacerbated the problem, leading to concerns about public health, including the potential spread of diseases like dengue and malaria. Residents have urged officials to conduct surprise inspections, prompting GNIDA to promise a response.Read more

06 Oct 2023

The Goa State Urban Development Agency (GSUDA) is initiating GIS mapping for urban areas in South Goa, appointing an agency to conduct a detailed survey for tax assessment, property mapping, and QR code generation. With an estimated cost of Rs 17 crore, the project targets municipalities like Canacona, Cuncolim, Sanguem, and others. GSUDA plans a door-to-door survey, assigning a Unique Property Identification Code (UPIC), integrating spatial data for tax assessment, and solid waste management. Urban development minister Vishwajit Rane assures similar mapping in South Goa, addressing revenue losses. The agency aids in database creation, linking photographs, and tax assessment.Read more

05 Oct 2023

The Uttarakhand Government has signed Memorandums of Understanding (MoUs) worth Rs. 8,000 crore to develop ski destinations and ropeways, a move that is expected to boost the state's infrastructure and tourism sector. These MoUs were finalized during Chief Minister Pushkar Singh Dhami's visit to London. The agreements include investments from Kyan Jet for a skiing resort and cable car project, Usha Breco for ropeway systems in Haridwar and other districts, the Poma group of France for Dehradun-Mussoorie and Yamunotri ropeways, and Mahindra Holiday and Resort India Limited for resorts. These investments total Rs. 11,000 crore and are expected to significantly increase tourist footfall while ensuring eco-friendly and sustainable development in the region.Read more

05 Oct 2023

After a three-year delay, the construction and demolition waste plant in Ludhiana is set to be constructed, with a tender of Rs 7.45 crore allocated. Civic officials have issued work orders and are expediting the necessary approvals to make the plant operational promptly. The project, initially under the smart city mission, faced obstacles and was later shifted to the Swachh Bharat Mission. The plant aims to address the city's construction waste issue, and officials anticipate a VIP inauguration soon. The construction is expected to take 3-4 months, with a toll-free number for waste disposal requests to be introduced.Read more