15 May 2023

Prime Minister Narendra Modi is set to inaugurate over 42,000 houses in Gujarat under the Pradhan Mantri Awas Yojana (PMAY), costing 1,946 crore. The event, dubbed 'Amrut Awas Utsav', will take place at Gandhinagar's Mahatma Mandir. The PM will also facilitate the housewarming ceremony for nearly 19,000 homes and lay the foundation stone for more than 4,000 houses. Additionally, a short film highlighting PMAY's impact will be screened during the event.Read more

PNT Reporter

12 May 2023

The Ahmedabad Urban Development Authority (AUDA) revealed a 0.55% to 28.4% price increase for five Bopal plots in just two years. Bopal's strategic location and improved infrastructure have contributed to its real estate boom. AUDA's recent evaluation of 17 plots, including the Bopal properties, resulted in a combined value of INR 1,238.35 crore. The new jantri rates, which have doubled, may further accelerate property value growth. Bopal's rapid development is attracting real estate investors and developers, making it a key player in Ahmedabad's thriving real estate market.Read more

PNT Reporter

12 May 2023

The Chennai Metropolitan Development Authority (CMDA) has fully digitized its planning and approval processes, aiming to streamline operations and stimulate the city's real estate sector. Since the digital transition last June, 330 online planning permissions have been issued, indicating improved efficiency. The move has been welcomed by industry professionals, who anticipate quicker construction and approval processes, alongside enhanced transparency for home buyers.Read more

PNT Reporter

12 May 2023

Indore Municipal Corporation (IMC) plans to extend its rainwater harvesting initiatives to an additional 100,000 buildings this year, following promising results from last year's efforts. The plan is expected to increase groundwater levels and aid in water conservation. While no definitive scientific data exists yet, the trends suggest a positive correlation between rainwater harvesting and groundwater replenishment. The initiative is supported by legislative measures, making such systems mandatory in Indore, emphasizing the city's commitment to sustainable water management.Read more

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