India's SWAMIH fund targets 20,000 homes annually amidst INR 15,530 crore stalled project crisis
Author : PNT Bureau
Stalled real estate projects in India, caused by poor execution, fund mismanagement, and excessive land acquisition, have led to significant distress among homebuyers. In response, the government launched the SWAMIH Fund in 2019, raising INR 15,530 crores to support incomplete projects. Despite this, only 32,000 homes have been delivered in five years. The Fund now targets 20,000 annual completions, but success hinges on better developer coordination and transparency. Calls for mandatory audits and stricter land banking regulations highlight the ongoing need for accountability in the real estate sector....
Thane and Pune Metro extensions to enhance connectivity and boost real estate markets
Author : PNT Bureau
The Union Cabinet has greenlit two major metro projects in Thane and Pune, with a combined value exceeding INR 15,000 crore. Thane's 29-kilometre ring corridor, featuring 22 stations, is expected to transform local transportation and raise property demand, potentially increasing prices by 10-20%. Meanwhile, Pune's Swargate to Katraj underground line will enhance connectivity between key commercial zones. Both projects are slated for completion by 2029, promising significant impacts on real estate and urban mobility in Maharashtra's rapidly growing cities....
Himachal Pradesh launches Swamitva Yojana, 4,230 families in Hamirpur to benefit
Author : PNT Bureau
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu has launched the Swamitva Yojana in Hamirpur, distributing property cards to 10 families from each of 11 tehsils. The welfare scheme, led by the Revenue Department, aims to give rightful ownership to villagers in Abadi Deh areas. Over 4,230 families across these 190 villages will receive property cards in the first phase. Drone-assisted mapping has covered 13,599 villages, and Hamirpur became the first district to grant these rights. Sukhu has urged citizens to give up subsidies for the state's growth and also inaugurated new infrastructure projects worth INR 7.41 crore....
Mumbai fills 16,005 of 16,162 monsoon potholes; EEH and WEH account for 42% of cases
Author : PNT Bureau
Mumbai's monsoon season has resulted in 16,162 reported potholes across the city, with 42% located on the Eastern and Western Express Highways. The Brihanmumbai Municipal Corporation (BMC) has already filled 16,005 potholes and allocated INR 275 crore for further repairs. With major roads like the EEH and WEH seeing heavy wear and tear, the BMC is working round-the-clock to complete basic patchwork and plans to convert 400 km of roads to concrete. As Ganeshotsav approaches, efforts intensify to ensure safe and smooth roads for the upcoming celebrations....
Karnataka imposes temporary ban on land use changes in Western Ghats to protect biodiversity
Author : PNT Bureau
The Karnataka government has proposed a master plan to protect the eco-sensitive Western Ghats. As part of this plan, the government has temporarily banned any changes in land use patterns within the region. Forest Minister Eshwar Khandre leads this effort and aims to protect the environment while protecting local communities' livelihoods. This temporary ban will stay in effect until new zonal regulations and a comprehensive plan are made. This decision was made after the recent natural disasters. It aims to prevent further damage caused by human activities in this sensitive area....
Tamil Nadu unveils India's first industrial housing project at SIPCOT Industrial Park
Author : PNT Bureau
Tamil Nadu inaugurated India's first industrial housing facility at SIPCOT Industrial Park, Sriperumbudur, accommodating 18,720 employees. Built at INR 706.50 crore, the facility was launched by Chief Minister MK Stalin and Foxconn Chairman Young Liu. It provides secure, comfortable housing for Foxconn and other industrial workers, with dormitory-style rooms, six beds each, and 240 rooms per block. Stalin emphasized that this project sets a precedent for other states, boosting industrial growth and employment. Tamil Nadu, aiming for a USD 1 trillion economy by 2030, leads in women's employment, with Foxconn employing 35,000 women out of 41,000 workers....
BMC to complete Gokhale Bridge girder by August 23, southern arm will open in May 2025
Author : PNT Bureau
The Brihanmumbai Municipal Corporation (BMC) is set to finish assembling the girder for the southern arm of Andheri's Gokhale bridge by August 23, aiming to pave the railway section by November 14. The full southern arm is expected to open by May 2025. This project marks a significant infrastructure upgrade in Andheri. Despite delays leading to a change in the engineering team, BMC remains committed to enhancing connectivity. The northern arm, operational since February 26, has already reduced congestion, with the southern expansion expected to further improve traffic flow....
Nagpur Metro Phase II advances with over 50% land acquisition completed
Author : PNT Bureau
Maharashtra Metro Rail Corporation Limited (MahaMetro) reports significant progress in Nagpur Metro Phase II, having acquired over 50% of the 9-hectare land required. With 80% of the land secured for construction, work on Reach 2, connecting Automotive Square to Kanhan, has commenced. The INR 6,708 crore project, funded by international institutions and government contributions, is set for completion by December 2027. The Khairi Phata casting yard is producing the 2,400 precast segments needed. Current ridership stands at over 80,000 daily, with a goal of 200,000 by 2025....
NBCC and Thansi Development Authority partner for INR 710 crore urban development project
Author : PNT Bureau
The National Buildings Construction Corporation (NBCC) and the Thansi Development Authority (JDA) have signed an MoU to develop key land parcels valued at INR 710 crore. The project includes 12.28 acres along the Jhansi-Kanpur Highway and 1.07 acres on College Road, Kanpur. NBCC will handle planning, design, construction, and marketing under a revenue generation model. This initiative aims to enhance local infrastructure, spur economic growth, and attract investment. The development aligns with India's smart city goals and is expected to boost property values and job creation in Thansi....
Aptiv invests USD 45 million in Chennai facility, adding 220,000 sq. ft. for SDV parts
Author : PNT Bureau
Aptiv PLC is investing USD 45 million to upgrade its manufacturing plant in Oragadam, Chennai, adding 220,000 square feet of production space. This expansion will double the workforce to 230 employees and aligns with Aptiv's strategy to support the growing demand for software-defined vehicles (SDVs). Matthew Cole of Aptiv emphasized the need for solutions tailored to the Indian market, highlighting advancements in electric and software-driven vehicles. The facility will initially focus on cockpit controllers but is designed for future production of advanced driver-assistance systems and other automotive technologies. Aptiv's expansion underscores India's rising role in the global automotive sector....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
