PNT Reporter

11 May 2023

Real estate developers in India secured 87 land deals totalling 1,862 acres during FY23, as reported by Anarock. This is a significant increase compared to the 44 deals accounting for 1,649 acres in FY22. The majority of deals took place in major cities, with Mumbai and Delhi-NCR leading the way. Anarock Chairman Anuj Puri highlighted the aggressive land purchasing by developers to meet strong housing demand. The increased number of land deals signals ongoing growth in the real estate sector and developers' determination to secure prime land parcels for both residential and commercial projects.Read more

PNT Reporter

11 May 2023

As monsoon season approaches, the Kolkata Municipal Corporation (KMC) is taking comprehensive measures to ensure residents' safety. With around 2,300 insecure structures, KMC is prioritizing repairs and demolition of high-risk buildings, while revising building codes to improve safety standards. Borough-specific teams are being established to monitor dilapidated buildings and relocate tenants as needed. Additionally, KMC is collaborating with local disaster management authorities to develop a comprehensive disaster response plan, aiming to minimize potential damages and loss of life during upcoming storms and future natural disasters.Read more

PNT Reporter

11 May 2023

Maharashtra's property registration department is set to improve accessibility and convenience for homebuyers and developers by expanding its services to weekends. Revenue Minister Radhakrishna Vikhe Patil recently approved the decision to open 27 additional offices for property registration on Saturdays and Sundays. This move is in response to increasing demand for weekend services, as many homebuyers and developers prefer registering property documents during non-working days due to job commitments.Read more

PNT Reporter

10 May 2023

The Bengal government has launched a web portal to guide potential buyers in the East Kolkata Wetlands (EKW), an internationally protected Ramsar site. The portal is designed to provide detailed information about any land within the EKW to prevent illegal construction and encroachment. The tool is integrated into the e-nathikaran system, and users receive pop-up alerts about issues related to EKW land when they input the land's identification numbers. This initiative aims to protect the EKW, known as the 'city's kidney,' and preserve its essential role in the city's ecology.Read more

PNT Reporter

10 May 2023

Researchers in the UK and five students from India have separately developed methods to recycle personal protective equipment (PPE) waste, including masks and gloves, into bricks for sustainable building construction. These innovative solutions help manage PPE waste and reduce environmental pollution caused by traditional brick manufacturing processes. The bricks are cost-effective, have a lower carbon footprint, and meet building regulation.Read more

PNT Reporter

10 May 2023

Maharashtra's property registration department has developed a module to integrate tenant registration data with the home department, eliminating the need for in-person police station visits. Already in use in Pune and Mumbai, the system will soon expand state-wide. The streamlined process aims to enhance inter-departmental collaboration, increase transparency in the real estate sector, and make tenant verification more efficient and accessible. The successful implementation could serve as a model for other states, promoting a safer and better-regulated rental market across India.Read more

PNT Reporter

09 May 2023

Anarock data reveals a growing trend in the Indian office real estate market, with co-working spaces constituting 27% of net absorption across the top seven cities in Q1 2023. This marks a significant increase from 14% in Q1 2019. Bengaluru and the National Capital Region (NCR) led the way, followed by Pune and Chennai. The growth is attributed to an increasing preference for flexible spaces among start-ups, IT/ITeS companies, and businesses, as well as the adoption of hybrid working models. The co-working industry's expansion is expected to shape the future of workspaces in India.Read more

PNT Reporter

09 May 2023

Beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) housing scheme in Kerala face challenges as the Parvathy Puthanar canal widening project encroaches on their assigned plots. Unable to construct homes, they have requested exemption from interest payments if they withdraw from the scheme. The government is considering compensation packages, including Rs 11 lakh per family and an amount based on the value of the houses, for the 1,300 buildings affected by the project. However, eligibility for PMAY beneficiaries remains uncertain.Read more

PNT Reporter

09 May 2023

Income tax (IT) officials from New Delhi raided three premises of the Kalsi brothers, owners of Kalsi Buildcon Private Limited in Hinoo, Ranchi, last week in connection with tax evasion. Six cars carrying the IT sleuths arrived at the location at 6.30 am and worked all day. All the structures were searched, including a prestigious preparatory school nearby called Springdales. Kalsi Buildcon Private Limited operates in a variety of industries around the country, including building construction, bridge construction, and real estate.Read more

08 May 2023

Investigations are ongoing into the devastating warehouse collapse in Bhiwandi, managed by MRK Foods Pvt Ltd, which claimed eight lives. Authorities are probing whether overloading contributed to the disaster. Additionally, substandard construction material is also suspected. The warehouse worker had previously warned about overstocking, which was ignored. The owner of the illegally constructed building has been arrested. The incident raises serious concerns about warehouse regulations and safety standards in India.Read more