Varanasi Development Authority issues new guidelines for 440 at-risk buildings post collapse
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
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
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
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
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
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
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....
GIFT City and NFSU partner to launch centre of excellence for forensics and cybersecurity
Gujarat International Finance Tec-City (GIFT City) has joined forces with the National Forensic Sciences University (NFSU) to establish a Centre of Excellence (CoE) in Corporate Forensics. This MoU, signed by Tapan Ray of GIFT City and Dr. JM Vyas of NFSU, focuses on international arbitration, fraud investigation, and cybersecurity. The CoE will develop training programs, facilitate faculty exchanges, and host workshops to address the growing need for expertise in these fields. This strategic partnership aims to bolster the skills of professionals and support GIFT City's growth as a global financial hub....
Bhopal's Raja Bhoj Airport to be completed by 2047 in three phases
The Airport Authority of India has finalised Bhopal airport's master plan, set to be implemented in three stages: Phase 1, Phase 2, and Ultimate Capacity by 2047. To reach ultimate capacity, the runway will extend to 4000 metres, requiring 65 acres of additional land, pending state government approval. This expansion is crucial for future air traffic growth. Phase 1 will enhance existing infrastructure, including terminal expansion and new parking areas. Phase 2 will add taxiways, aprons, and hangars. The final phase will fully extend the runway, allowing larger aircraft and new routes. This promises economic benefits and improved passenger experiences....
GCCs lease 53 million sq. ft. in India: Bengaluru, Hyderabad, and Chennai lead
Global Capability Centres (GCCs) have leased 53 million sq. ft. of office space in India from 2022 to mid-2024, with Bengaluru leading at 40% market share. GCCs accounted for 37% of total office leasing activity in the first half of 2024, driven by increases in the BFSI sector, which rose to 22% of the market. Bengaluru's success is attributed to its large tech workforce and start-up ecosystem, while Hyderabad, Chennai, and Pune also saw significant leasing. The demand for engineering, IT, and BFSI skills highlights India's growing role as a key global business hub....
CAG audit exposes INR 835 Crore financial burden on Indian Railways from problematic IRCON loan deal
The CAG's compliance audit report highlighted that in March of 2018, the Railway Ministry had approved an MoU between the Rail Land Development Authority (RLDA) and IRCON. The plan was formulated to generate non-fare revenue for the 2017-18 fiscal year by transferring the land lease development rights to Public Sector Undertakings (PSUs) in exchange for an upfront lease premium. The report also suggested that this decision was made without proper consideration and due diligence, leading to significant financial implications for the railways. The CAG emphasised that the approach was not adequately thought through, resulting in a substantial loss of revenue....
CtrlS Datacenters expands in Patna with INR 400 crore investment for new data centre
Hyderabad-based CtrlS Datacenters Ltd. has acquired a land parcel worth INR 400 crore in Patna to develop a new data center with a 10MW IT load capacity, capable of housing over 1,000 racks. This will be the company's second facility in Patna, located just 300 meters from its existing DC1 center. Facilitated by the Bihar Industrial Area Development Authority (BIADA), this expansion underscores CtrlS's commitment to growing its presence in Patna. The company, one of Asia's largest rated-4 datacenter operators, aims to establish over 20 Edge Data Centers across Tier-2 and Tier-3 cities. Founder and CEO Sridhar Pinnapureddy highlighted the project's potential to attract investment and create employment in Bihar, praising the state government's supportive policies. CtrlS also has ambitious expansion plans across India, including a INR 2,200 crore project in Kolkata and a recent DC-3 launch i...
HD-BRTS announces INR 3 Crore project on 7,250 sq. meters near Navanagar Bus Stop
The HD-BRTS has announced a INR 3 crore development project on a 7,250 square metre site near Navanagar Bus Stop, set to significantly enhance the area. This major initiative will include a food court with 12 stalls, a transit plaza with seating and a garden, a children's park with toys and safety features, and a traffic park designed to educate kids about traffic rules with interactive models. Aligned with the Transit-Oriented Development (TOD) principles, the project aims to create sustainable, walkable urban spaces. R. Gudaraddi, HD-BRTS's general manager, and local resident Basavaraj Jamboti both support the high-quality execution of this transformative project....
UP Government to develop new 1,300-acre township Harnandipuram near Hindon River
The Uttar Pradesh Government plans to develop Harnandipuram, a new 1,300-acre township named after the Hindon River, marking its first major project in 15 years. This project comes under the CM Urban New City Expansion Scheme. The township will stretch from Pipeline Road to Northern Peripheral Road and Morti. Land acquisition from nearby villages will cost GBP 50 million, shared by the state and the Ghaziabad Development Authority. The GDA will also create 116 plots from 300,000 square metres of unsold land. The Board also approved plans for Wave City and infrastructure projects like Medi City and Aerocity....
Dharavi's USD 3 billion redevelopment gets support from local resident association
Dharavi, Asia's largest slum, is set to undergo a transformative redevelopment project worth USD 3 billion, led by the Adani Group. The newly formed association of Dharavi residents, the Citizen and Society Development Welfare body, has lent its support to the ongoing state government-led survey of informal tenements, a crucial step for the project. The survey aims to map the densely populated 600-acre area and determine the eligibility criteria for rehabilitation under the proposed redevelopment plan. The Dharavi Redevelopment Project (DRP), in collaboration with Dharavi Redevelopment Project Private Ltd (DRPPL), a joint venture between the Government of Maharashtra and the Adani Group, is spearheading the transformation. The plan ensures that all qualifying tenement holders are offered homes of up to 350 square feet, addressing the complex land ownership and tenure patterns that have h...
YEIDA launches 19 housing plots near Noida airport to meet demand
YEIDA is launching a project with 19 housing plots near Noida Airport, in Sectors 17, 18, and 22D. The project aims to meet housing demand driven by Noida International Airport and regional industrial development, creating at least 25,000 flats across affordable to luxury units. Plot prices range from INR 32,375 to INR 35,612 per square metre. CEO Arun Vir Singh expects increased housing demand from new industrial projects, with plans for 30 more group housing plots. CREDAI NCR leaders highlight the project's potential to balance supply-demand disparities and attract diverse buyers due to the new industrial corridor....
Prime Minister Modi lays foundation stone for Goregaon Mulund link road Phase 3
Prime Minister Narendra Modi recently inaugurated the third phase of the Goregaon Mulund Link Road (GMLR) in Mumbai, a key project aimed at connecting the Western Express Highway (WEH) and Eastern Express Highway (EEH). Spanning 12.20 kilometres, this phase will reduce travel time from 90 minutes to 25 minutes and is set to be completed by November 2028 at an estimated cost of INR 14,000 crore. The project includes major tunnels under Sanjay Gandhi National Park, designed to cut carbon emissions by 22,400 tons annually. The GMLR will alleviate traffic congestion and boost Mumbai's infrastructure....
NHAI launches new asset monetisation cell to boost revenue and infrastructure development
The National Highways Authority of India (NHAI) has launched a new asset monetisation cell to optimise the management and monetisation of its operational highway assets. Led by a finance department member, the cell will include experts in finance, technical operations, and transport economics. Its main tasks include market analysis and identifying high-revenue potential assets, focusing on 33 projects expected to generate over INR 850,000 crore in FY 2024-25. This initiative follows NHAI's successful monetisation of INR 40,314 crore in 2023-24 and aims to ensure effective reinvestment in infrastructure development while attracting investor confidence....
Mumbai's first dual-agency slum redevelopment project approved
The Maharashtra government has approved a joint venture between the Slum Rehabilitation Authority (SRA) and the Mumbai Metropolitan Region Development Authority (MMRDA) to redevelop Ramabai Ambedkar Nagar slum in Ghatkopar. This 33.15 hectare project will be the first of its kind, combining efforts of two government agencies. SRA will handle biometric surveys, land acquisition, and permissions, while MMRDA will manage architects, contractors, and construction. The INR 4,000 crore project aims to rehabilitate 17,500 slum dwellers within three years. The initiative marks a strategic move to expedite slum redevelopment in Mumbai, addressing long standing delays by private developers....
India's data centre expansion soars in tier-2 and tier-3 cities, driven by major firms
India's data centre industry is rapidly growing, especially in Tier-2 and Tier-3 cities like Kochi, Jaipur, and Ahmedabad. Major players such as Reliance Jio, Bharti Airtel, and Adani Enterprises are leading this expansion, capitalising on strategic benefits such as improved infrastructure, lower costs, and enhanced network resilience. Data centre capacity surged from 350 MW in 2019 to 864 MW in 2023, reflecting a 25% CAGR. The government's Digital India initiative further drives this trend by boosting digital infrastructure and connectivity, contributing to local economic growth and decongesting metropolitan areas while supporting the rise in digital service demands....
Navi Mumbai Municipal Corporation intensifies crackdown on illegal constructions with INR 30,000 penalty
The Navi Mumbai Municipal Corporation (NMMC), led by Commissioner Dr. Kailas Shinde, has ramped up its demolition efforts against unauthorised constructions. Recent actions targeted several illegal buildings across sectors, including Sector-04 Airoli, Vashi village, and Karave Gaon, resulting in the demolition of structures and fines totaling INR 30,000. Despite previous notices, the construction continued, prompting NMMC to employ heavy machinery for effective enforcement. Key officials, including Assistant Commissioners and Junior Engineers, were actively involved. The NMMC plans to maintain these rigorous measures to enforce compliance and uphold urban planning standards....
India's Real Estate Boom: Urbanisation drives record sales and new housing supply
India's real estate market is booming, with a 33% year-on-year growth in sales of 4.1 lakh units across the top eight cities in 2023. However, the sector faces challenges with 4.1 lakh stalled dwelling units valued at INR 4.1 lakh crore. Government initiatives like PMAY-U and policy reforms have boosted demand, with new housing supply hitting a record 5.2 lakh units in 2023. Despite this, stalled projects remain a significant issue, prompting calls for solutions like mandatory RERA registration and exploring financing options to revive these projects and sustain the market's momentum....
Tembo Global Industries announces new divisions for infrastructure and defence sectors
Tembo Global Industries Ltd. has launched two new divisions, Tembo Global Infra Ltd. and Tembo Defense Products Ltd., marking a strategic expansion. Tembo Global Infra Ltd. focuses on enhancing project execution efficiency, while Tembo Defense Products Ltd. aligns with the "Make in India" initiative to boost self-reliance in defence manufacturing. "The introduction of these divisions marks a new era of innovation and excellence," said Sanjay Patel, MD of Tembo Global Industries. These divisions reinforce the company's commitment to growth, innovation, and maintaining high-quality standards, ensuring unparalleled value for stakeholders....
Mumbai flyover crisis falling slab sparks urgent repair request as BMC seeks MMRDA help
Following a serious incident where a slab fell from the Jog Flyover on Mumbai's Western Express Highway, injuring a driver, the Brihanmumbai Municipal Corporation (BMC) has asked the Mumbai Metropolitan Regional Development Authority (MMRDA) to address the urgent repairs. A recent Veermata Jijabai Technological Institute (VJTI) audit found the flyover's superstructure in poor condition. However, BMC hesitates to act due to ongoing legal disputes involving Hiranandani Constructions Pvt Ltd (HCPL), responsible for maintenance since 2005. HCPL, citing INR 64 crore in expenditures and legal issues, has not addressed the repairs. MMRDA, previously overseeing the flyover, is now expected to intervene....
Maharashtra government allocates INR 15,940 crores for 41 railway projects
Railway Minister Ashwini Vaishnaw announced a budget of INR 15,940 crore for Maharashtra's railway projects, part of an ongoing investment totaling INR 1.3 lakh crore. Key initiatives include redeveloping 128 stations under the Amrit Bharat Station scheme and adding 250 new local trains over the next five years. Maharashtra has achieved full railway electrification and lays 180 km of new tracks annually. Significant upgrades to Mumbai's suburban network, serving millions daily, are planned under the Mumbai Urban Transport Project. Experts highlight urgent needs to tackle congestion and improve connectivity for the growing population. The Railway Ministry aims to boost service frequency and safety with advanced systems like Kavach 4.0....
Mumbai's Green Future: BMC to construct INR 116-crore eco-friendly office
The BMC is launching a INR 116-crore net-zero building in Santacruz to meet the Centre's 2070 net-zero emissions target. This eco-friendly project will replace the H/East ward office, utilising energy-efficient systems, rainwater harvesting, and sewage treatment to convert waste into reusable resources. The building aims to achieve net-zero certification under LEED and IGBC standards, with a completion timeline of ten years. This initiative aligns with upcoming elections, emphasising environmental compliance and sustainability....
Dharavi redevelopment faces major hurdle in relocating 1 lakh households
The Dharavi redevelopment project, a joint venture between the Adani Group and the Maharashtra government, has reached a critical juncture. The blueprint is ready, but relocating an estimated one lakh households is a major hurdle. Dharavi Redevelopment Project Limited (DRPPL) will build nearly 1.5 lakh homes for these residents on around 1,000 acres across Mumbai, dubbed 'Nav Dharavis'. Finding suitable land is challenging due to Mumbai's space constraints, with 540 acres identified but facing environmental and regulatory issues. The project's ambitious seven-year timeline for relocation and rehabilitation, and a total 17-year completion goal, hinges on overcoming land acquisition, relocation, and community acceptance challenges....
Historic Sion road over bridge to shut down for three-year reconstruction
Mumbai's 112-year-old Sion Road Over Bridge (ROB) will shut down completely from midnight on July 31, 2024, for a major demolition and reconstruction project. The bridge, vital for connecting Sion East and West, will be rebuilt to enhance safety and traffic flow. The project, beginning August 1, 2024, and ending July 31, 2026, will significantly impact traffic. Diversion plans include rerouting through Sion Hospital Junction, K.K. Krishnan Menon Road, and St. Rohidas Marg. No-parking zones will be enforced to manage congestion. Despite short-term inconveniences, the new bridge promises improved commute efficiency....
Inauguration of Chennai Metro Phase 2 Tunnelling Work: A milestone in urban development
Chennai is set for a public transport transformation with the expansion of its metro rail network. The recent start of tunnelling work for Chennai Metro Rail Phase 2 at Royapettah is a significant milestone. This project, costing INR 61,843 crore, will add 116.1 kilometres across three new corridors, linking key areas like Madhavaram, Siruseri SIPCOT, Lighthouse, Poonamallee Bypass, and Sholinganallur. Scheduled for phased completion by 2028, with the first phase operational by 2025, this expansion aims to reduce traffic, improve air quality, and enhance residents' quality of life, marking a substantial commitment to sustainable urban development....
Mumbai's Metro 3 project, set to open its first phase from Aarey Colony to Bandra Kurla Complex (BKC) by September 2024, faces delays due to a contractor falling behind schedule. The Mumbai Metro Rail Corporation (MMRC) identified a joint venture led by J Kumar Infra as responsible for the incomplete work at six stations. Despite progress in other areas, 5% of station work remains unfinished, leading to a penalty of INR 2 crore for negligence during the monsoon. The state government remains optimistic about meeting the revised deadline, with the project currently 98% complete....
Goa's urban bodies struggle with structural audits due to resource constraints
Urban local bodies in Goa struggle to conduct structural audits of dilapidated buildings due to a lack of resources, technical expertise, and jurisdictional authority over private properties. Municipal councils identify unsafe buildings and issue notices for demolition or repair but rely on the Goa College of Engineering for government building audits. The Corporation of the City of Panaji has conducted five audits, while other councils face similar challenges. Addressing these issues requires increased funding, technical support, and collaboration among stakeholders to enhance building safety standards and ensure the integrity of structures across Goa....
Completion times for major construction projects improve across Indian cities: Anarock
From 2014 to mid-2024, the average completion time for large under-construction projects in India's top seven cities dropped from 6.1 to 4.9 years, per Anarock data. In Chennai, small projects averaged 3 years and large ones 3.6 years. Hyderabad's small projects took 3.1 years and large ones 4.2 years. Bangalore's small projects averaged 3.5 years and large ones 4.8 years. Kolkata saw the longest time at 5.7 years for large projects. Developers in NCR and MMR faced delays due to outright land purchases and regulatory restrictions. Overall, stronger financial health has improved project execution...
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