28 Jan 2025

The Maharashtra Industrial Development Corporation (MIDC) has started acquiring 611 hectares of land to establish industrial estates in three locations approximately 30 kilometres from Nashik. The identified areas include 204 hectares at Maparwadi near Sinnar, 271 hectares near Ghoti, and 136 hectares at Rajur Bahula near Nashik city. The initiative aims to attract industries seeking to establish operations in the region. Stakeholders from local industrial associations have expressed optimism, highlighting the potential for Nashik to emerge as a significant manufacturing hub and the opportunities this development could create for MSMEs.Read more

27 Jan 2025

The Gujarat government, under Chief Minister Bhupendra Patel, has approved INR 605.48 crore for urban development projects across various municipalities under the Swarnim Jayanti Mukhyamantri Shaheri Vikas Yojana (SJMSVY). Key allocations include INR 88.88 crore for railway overbridges in Dwarka and Dhrangadhra, INR 112.53 crore for water supply schemes in Khambhat and Dahod, and INR 99.89 crore for stormwater drainage in Bhavnagar. The plan also includes INR 40 crore for new gardens, INR 39 crore for libraries, and INR 104 crore for Vadodara's modernization efforts. The initiative aims to enhance urban infrastructure, improve public amenities, and boost environmental sustainability across Gujarat.Read more

27 Jan 2025

The Ahmedabad Municipal Corporation (AMC) has unveiled an ambitious plan to achieve Net Zero City status by 2070, focusing on air pollution reduction and environmental conservation. A key component of the initiative is the proposed auction of unutilized floor space index (FSI) via transferable development rights (TDR), expected to generate INR 1,000 crore annually. The funds will support projects such as lake conservation and urban forestry. The policy, submitted for state approval in July 2024, aims to balance urban growth with sustainability while ensuring transparency through a dedicated oversight committee. Developers have shown high interest, highlighting the initiative's potential economic and environmental impact.Read more

27 Jan 2025

The Kanpur Development Authority (KDA) is accelerating efforts on the long-awaited New Kanpur City project, covering 53.31 hectares in its first phase across several villages. With 45 hectares acquired and local farmers agreeing to contribute 5 more, KDA is working to secure the remaining 39.69 hectares with a state government nod expected soon. A budget of INR 183.5 crore has been allocated for essential infrastructure like roads, sewerage, and water supply. Efforts to reclaim encroached lands valued at INR 8 billion are also underway. The project aims to create a modern, well-planned urban hub to accommodate Kanpur's growing population.Read more

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