Adani Group pledges 51% stake in Navi Mumbai Airport for INR 12,770 crore SBI facility
Author : PNT Bureau
The Adani Group has committed a 51% stake in the Navi Mumbai International Airport (NMIAL) to the State Bank of India (SBI), securing a funding facility of INR 12,770 crore for the airport's construction. Despite delays, the new airport aims to handle 90 million passengers and 2.6 million tonnes of cargo annually by 2031-32. Adani Enterprises targets a March FY25 launch, three months later than planned. The group, facing financial strain with consolidated losses of INR 227 crore in FY24, is boosting its borrowing limit to INR 30,000 crore to support ongoing and future projects....
Innovative bunker design by R+D Studio enhances soldier safety in harsh conditions
Author : PNT Bureau
R+D Studio has partnered with the 2 Engineer Regiment of the Chinar Corps to develop a modern defence bunker for the Indian Army at 14,000 feet near Razdan Pass, Jammu & Kashmir. This pilot project uses 1800 Silica Composite Hollow Blocks (SCHB), made from recycled foundry dust and plastic waste, each block weighing 7.5 kg and three times stronger than standard bricks. Constructed within three days, the bunker is designed to withstand extreme weather and enemy fire, while its eco-friendly materials promote sustainability. This initiative exemplifies a new era in military infrastructure focused on resilience and environmental responsibility....
Bengaluru's Anjanapura BDA layout residents oppose slum relocation plan
Author : PNT Bureau
Residents of Anjanapura BDA Layout are voicing strong concerns over a plan to relocate slum dwellers from Kengeri and Shankarpally to their neighborhood. Developed by the Bangalore Development Authority (BDA) 25 years ago, Anjanapura still faces basic infrastructure challenges, including a lack of reliable water supply, forcing residents to depend on tankers. The decision by the Karnataka Slum Development Board to move slum dwellers to Anjanapura instead of the originally planned locations has alarmed residents. They fear this could lead to increased crime and further strain on the already inadequate infrastructure. The Anjanapura Residents Welfare Association has formally expressed their concerns to the Deputy Commissioner, emphasizing the potential risks to water resources and the lack of essential civic amenities in the area....
Varanasi Development Authority issues new guidelines for 440 at-risk buildings post collapse
Author : PNT Bureau
Following a building collapse in Varanasi's Pancho Pandva area, resulting in one death and several injuries, the Varanasi Development Authority (VDA) has identified 440 dilapidated buildings needing urgent repair, particularly within 200 meters of the Ganga River. New guidelines allow residents to perform minor repairs like plastering and installing septic tanks without prior approval, while major renovations require permits. Unauthorized changes to building structures or appearances are prohibited. The VDA has set up a help desk and streamlined the permit process to ensure quick action. These measures aim to preserve Varanasi's heritage while ensuring public safety in densely populated areas....
Rajasthan mandates rainwater harvesting for buildings to combat water scarcity
Author : PNT Bureau
The Rajasthan government has mandated rainwater harvesting systems in all new residential and commercial buildings to combat groundwater depletion and frequent droughts. Effective immediately, the Public Health Engineering Department will withhold water connections from properties lacking these systems. The directive applies to residential plots of 225 square metres or more and commercial plots of 500 square metres or more, aligning with the Environmental Protection Building Regulations 2020 and RIICO Building Regulation 2021. Non-compliance could lead to fines or imprisonment. The government is also promoting awareness and education on sustainable water management to encourage responsible water usage across the state....
INR 60 lakh allocated for permanent bridge in Murbad after makeshift solution gains attention
Author : PNT Bureau
An INR 60 lakh budget has been sanctioned for constructing a permanent bridge in Murbad's Fangulgavhan village after a Hindustan Times report highlighted the issue. The bridge will provide a lasting solution for the affected tribal community, who face severe transportation challenges during the monsoon due to a swollen stream. The district collector, Ashok Shingare, swiftly secured technical and administrative approvals, and construction is about to begin very soon. The decision follows the villagers' 15-year struggle for the bridge, recently intensified by a near-tragic incident involving a student. The project is prioritized before the upcoming assembly elections' code of conduct....
TIDEL Park Limited opens tender for Madurai's INR 600 crore IT Park construction
Author : PNT Bureau
TIDEL Park Limited has announced a tender for constructing an IT park in Mattuthavani, Madurai, featuring a ground floor, twelve additional floors, and a terrace. The project, with a submission deadline of September 7, 2024, will also include civil construction and interior finishing. The Madurai Corporation Council has leased 5.6 acres of land for 45 years to facilitate this INR 600 crore project, expected to create 10,000 jobs. Spearheaded by Chief Minister M. K. Stalin, this initiative aims to transform Madurai into a technology hub, boosting its industrial growth and economic prospects....
NBCC secures INR 1500 crore contract to develop a satellite township in Sringar
Author : PNT Bureau
The Srinagar Development Authority (SDA) and National Buildings Construction Corporation (NBCC) have signed an MoU to develop a satellite township at Rakh Gund Aksha, Bemina, Srinagar, spanning 406 acres. The project, costing approximately INR 15,000 crore, will unfold over five years in phases, featuring modern amenities like residential plots, luxury villas, apartments, commercial spaces, and a five-star resort. Supported by a self-sustaining model, the project will include 3,200 affordable housing units. This collaboration aims to modernise Srinagar's infrastructure, stimulate the local economy, create jobs, and attract investment, marking a significant milestone in the region's development....
Indirapuram handover from GDA to GMC nears completion amid new urban development plans
Author : PNT Bureau
The long-awaited handover of Indirapuram from the Ghaziabad Development Authority (GDA) to the Ghaziabad Municipal Corporation (GMC) is approaching, following a joint survey to assess infrastructure needs. The GMC has requested INR 365 crore for the transfer, citing necessary upgrades to roads, drainage, and lighting, while the GDA disputes this. The process, stalled since 2016, was delayed further by the election code of conduct. Additionally, the GDA's recent urban development policies include establishing TOD zones and revising hotel construction bylaws, aiming to enhance infrastructure and boost local tourism....
UP Government to launch Harnandipuram township to address housing demand in Noida-Ghaziabad
Author : PNT Bureau
The Uttar Pradesh government is launching Harnandipuram, a new 541-hectare residential township, to address rising housing demand in the Noida-Ghaziabad area. Approved by the Ghaziabad Development Authority (GDA), this INR 5,000 crore project, dubbed "Naya Ghaziabad," will create 5,000 housing units and alleviate pressure on current markets. Positioned near major roads and the Delhi-Meerut RRTS, the township promises enhanced connectivity and affordable housing. The development aims to prevent unauthorized colonies and boost local infrastructure. Real estate experts see Harnandipuram as crucial for Ghaziabad's growth, integrating residential, commercial, and social facilities....
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