03 Aug 2023

Advanced Micro Devices (AMD) is set to establish the largest research and development design center in India, in partnership with the Ministry of Electronics and Information Technology. The $400 million investment aims to create 3,000 engineering roles and provide state-of-the-art facilities for innovation. This move strengthens India's position in the semiconductor industry and aligns with the government's vision to establish the country as a global hub for semiconductor manufacturing and technology development. The expansion of AMD in India is expected to drive innovation and foster technological advancements in various sectors that rely on chips.Read more

02 Aug 2023

Mumbai's Pali Hill, a prestigious locality in Bandra, has become a celebrity hotspot, attracting Bollywood stars and notable personalities. The area's serene ambiance, lush green surroundings, and strategic positioning make it an ideal residential destination. Recently, Bollywood film producer and director Dinesh Vijan purchased a duplex apartment in Pali Hill for approximately Rs 100 crore, making it one of the most expensive residential property deals in the country. The building the flat is located in is being developed by Rustomjee and is scheduled to be completed in January 2026.Read more

02 Aug 2023

The Punjab State Electricity Regulatory Commission (PSERC) has taken proactive measures to address consumer and Resident Welfare Associations (RWAs) concerns in Punjab. By implementing revised tariff regulations, the commission aims to make electricity more affordable for households and RWAs, while promoting sustainable electricity generation. In addition, the PSERC has introduced incentives for RWAs, encouraging the adoption of solar power and ensuring timely maintenance of essential amenities. These actions demonstrate the government's commitment to inclusive growth and sustainable practices, fostering a resilient power sector and improving the overall quality of life for residents.Read more

02 Aug 2023

Lodha, India's leading real estate developer, launches the "WE STOP AT NOTHING" campaign to position itself as a pioneer in luxurious and prestigious projects. The campaign showcases Lodha's commitment to providing spacious homes with top-notch amenities, aiming to cater to people seeking a life of luxury and prestige. The center piece of the campaign is a film featuring stories of satisfied residents living in Lodha homes, emphasizing the brand's association with luxury developments, revolutionary designs, and the best facilities. The campaign highlights Lodha's global leadership in renowned luxurious projects and aims to instil pride among homeowners and potential buyers.Read more

01 Aug 2023

The Walled City of Jaipur faces the problem of illegal construction waste dumping in its green belt, designated for a smart city project. Residents of ward 9 complained about the lack of monitoring and on-ground inspection, leading to unauthorized waste disposal. In response, authorities have been instructed to identify culprits and impose penalties. Additionally, five illegal buildings were sealed in the Shastri Nagar area to curb unauthorized commercial activities. The situation emphasizes the need for responsible urban planning, effective waste management, and strict enforcement to preserve the city's heritage and ensure sustainable development.Read more

01 Aug 2023

In response to the fire incident that occurred on June 15 at a coaching centre in Mukherjee Nagar, North Delhi, leaving 61 students injured, the Municipal Corporation of Delhi (MCD) has taken decisive action and issued notices to 897 coaching centres across Delhi for violating building rules and regulations. The move aims to prevent similar incidents and enhance safety standards in educational establishments. The coaching centres have been given a specified time frame to address the violations and comply with necessary safety guidelines, failing which they may face penalties or potential closures.Read more

01 Aug 2023

Residents of a 40-unit apartment complex in Sholinganallur, constructed by the Tamil Nadu Housing Board (TNHB), are facing numerous issues, including the absence of basic facilities, hazardous living conditions, and delayed completion. The complex remains largely unoccupied, with only four units inhabited, as essential amenities such as car parking lot paver blocks, metrowater and sewage connections, and security guards are missing. Poor construction quality has led to leaky drainage pipes, seepage during the monsoon, and even snake sightings. Residents express frustration with the TNHB's lack of action, while the authorities promise to address the issues and inspect the complex promptly.Read more

31 Jul 2023

A tragic incident in Junagadh city's Datar Road resulted in the collapse of a three-storey building, claiming the lives of an autorickshaw driver and his two sons, along with another individual. The rescue operation by NDRF and fire brigade faced challenges due to the recent flash floods that strained the city's infrastructure. Chief Minister Bhupendra Patel announced compensation for the victims' families, but the incident emphasizes the importance of building safety regulations and compliance with evacuation orders.Read more

31 Jul 2023

The Knight Frank-NAREDCO Real Estate Sentiment Index Q2 2023 (April-June) report reveals a significant improvement in optimism among stakeholders in the Indian real estate sector. The Current and Future Sentiment Scores surged, buoyed by India's resilient economy, temporary interest rate pause by the RBI, and inflation within acceptable levels. The report indicates growing confidence in the real estate market for the next six months, supporting a positive growth trajectory.Read more

31 Jul 2023

Dubai's property market, known for its affordability, has seen a 30% rise in sales to Indian buyers following the pandemic, as per the Danube Group. The attractiveness lies in the competitive prices and high rental returns compared to Mumbai suburbs. Almost half of Danube Group's residential property sales in 2022 came from Indian investors globally. Additionally, the Group's rental services offer a 6% return on investment, a stark contrast to Mumbai's 1-1.5% returns.Read more