When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
04 Aug 2025
NBCC, a state-run enterprise, has entered into an agreement with the Department of Post to redevelop several land parcels across the country. The collaboration, formalised through a Memorandum of Understanding signed in the past week, will see NBCC operating under its self-sustainable redevelopment model. The value of each project will be determined individually, and NBCC will act as both project management and marketing consultant to ensure maximum monetisation of the assets.Read more
03 Aug 2025
Mumbai's iconic Shivaji Park is slated for a green makeover, with the Brihanmumbai Municipal Corporation (BMC) planning to plant numerous new trees to create a dense green cover. This initiative, part of the park's overall beautification and upgrade, aims to enhance its natural appeal and provide a healthier environment for visitors. While the BMC assures careful planning to preserve the park's historical significance and open spaces, the project seeks to integrate more greenery into one of the city's most prominent public grounds, reflecting a growing focus on urban greening in Mumbai's development plans.Read more
02 Aug 2025
Tata Power Delhi Distribution Limited (Tata Power-DDL), a major power utility in North Delhi, has formalised a partnership with Magna Yuma Private Limited to establish battery swapping stations for electric vehicles. Under the signed agreement, Tata Power-DDL will provide space at its substations, while Magna Yuma will manage the design, installation, and maintenance of the infrastructure. This alliance aims to boost the electric mobility ecosystem, particularly benefiting commercial two-wheeler users and gig workers. The collaboration aligns with broader sustainability goals and initiatives to promote clean transportation and reduce power theft.Read more
02 Aug 2025
Most road construction projects in India are ignoring basic work zone safety norms, leading to a rise in fatal crashes, warns the India Chapter of the International Road Federation (IRF-IC). President Akhilesh Srivastava highlighted the absence of warning signs, reflective tapes, barricades, flagmen, and proper lighting at many sites, citing a deadly crash on the Bengaluru-Chennai Expressway as a recent example. The IRF-IC has urged the NHAI, state PWDs, and contractors to enforce mandatory compliance with Indian Road Congress (IRC) guidelines, specifically IRC:SP:55-2014. These norms provide essential standards for work zone traffic management and aim to reduce preventable accidents.Read more
02 Aug 2025
The Brihanmumbai Municipal Corporation (BMC) has scrapped its proposal to convert a portion of the cycling track near Priyadarshani Garden in Sion, Mumbai, into a parking lot. This decision follows a detailed inspection that revealed a large water pipeline running underneath the track, making it unsuitable for parking. The track was originally built for cyclists but has remained largely unused. The civic body's reversal comes amidst a push for green spaces and sustainable transport in Mumbai, ensuring the area's original purpose is preserved, even as the search for suitable parking solutions continues across the city.Read more
01 Aug 2025
Jakson Green, a green energy transition platform, has signed its first wind Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 100 megawatt (MW) project in Gujarat. The 25-year agreement, secured through its subsidiary JGRJ Three Solar Private Ltd, sets a tariff of INR 3.59 per unit. This project is expected to generate over 300 million kilowatt-hours of clean energy annually, offsetting approximately 250,000 tonnes of CO2 emissions. This marks Jakson Green's entry into utility-scale wind energy, diversifying its portfolio and aiming to accelerate India's transition to a sustainable energy future by tapping into the nation's vast wind energy potential.Read more
01 Aug 2025
Juniper Green Energy has signed a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 100 megawatt (MW) wind power project in Gujarat. The agreement, executed through its subsidiary Juniper Green Bess Two Pvt Ltd, was finalized on July 18. This project is scheduled to begin supplying power from July 2027. With an additional 50 MW Letter of Intent (LoI) also recently received from GUVNL, Juniper Green Energy is strengthening its presence in Gujarat's renewable energy sector, aligning with India's sustainable energy future.Read more
31 Jul 2025
Avaada Group has entered into a partnership with the Bihar government to develop renewable energy infrastructure totalling 1 GW capacity across the state, with an investment of approximately INR 5,000 crore. The initiative includes the installation of ground-mounted, floating, and community solar power systems, as well as battery energy storage systems. The agreement is expected to generate 500 direct employment opportunities. It was signed between the Bihar Renewable Energy Development Agency and Avaada Energy CEO Kishor Nair, in the presence of key state ministers.Read more
31 Jul 2025
Bengaluru Airport City Ltd (BACL), a subsidiary of Bangalore International Airport Ltd, has joined hands with Prestige Group to establish a large-scale, integrated convention and exhibition centre within the airport premises. Designed to host global events, the venue will include an 8,000-seat Convention and Exhibition Centre, a luxury hotel under the St. Regis brand, a performing arts theatre, premium office spaces, and curated food and beverage experiences. The collaboration highlights BACL's commitment to enhancing global connectivity and positioning Bengaluru as a leading MICE destination.Read more
31 Jul 2025
Five prominent gardens in Mumbai, including Shivaji Park and Kamala Nehru Park, have reportedly failed a recent disability access audit conducted by a non-profit organisation. The audit, which assessed features like ramps, accessible toilets, and tactile paths, found significant shortcomings, highlighting the Brihanmumbai Municipal Corporation's (BMC) failure to make public spaces inclusive for persons with disabilities. Despite past directives and ongoing efforts for accessibility, many gardens remain challenging for wheelchair users. The BMC has acknowledged the findings and committed to implementing necessary upgrades, aiming to ensure all public gardens meet universal accessibility standards.Read more