New IT tower in Siddipet bolsters Telangana's strategy, 17 companies to establish base
Author : PNT Bureau
Telangana has furthered its vision of IT growth in tier-2 and -3 cities with the inauguration of a new IT tower in Siddipet. Seventeen companies have been allotted space in the four-storey building, which can house up to 1,440 tech professionals. The IT Minister, KT Rama Rao, emphasized that these new hubs will drive economic growth and create jobs. He highlighted the 'Telangana model' of balanced and inclusive growth, pointing to the rise in IT exports alongside an agricultural resurgence, reflecting the state's multifaceted development strategy....
Greater Noida Authority launches scheme to allocate data center plots
Author : PNT Bureau
The Greater Noida Industrial Development Authority (GNIDA) has introduced a scheme to allocate data center plots, with the application process beginning on June 13 and closing on July 4. Through e-auctions, 13 plots specifically designated for data centers will be sold, aiming to generate approximately Rs 1,000 crore in revenue for the authority. These plots, ranging from 4,047 square meters to 1.07 lakh square meters in size, are located in Knowledge Park-5 and Techzone. Interested parties can access more details and apply via the GNIDA website and the State Bank of India (SBI) portal....
Chennai's Thirumayilai Metro Station faces delays until 2028
Author : PNT Bureau
The construction of the Thirumayilai metro station in Chennai, which is a critical interchange station linking corridor-3 Madhavaram Milk Colony to Siruseri Sipcot with corridor-4 Lighthouse to Poonamallee Bypass, has been delayed due to its challenging design. The Thirumayilai station is expected to be the deepest metro station in the city at 35m depth, presenting an engineering challenge. The 118.1km phase-2 project is expected to be ready in stages from 2026 to 2028, and the stretches that will be ready by 2028 include Panagal Park metro to Thirumayilai metro on corridor-4, Thousand Lights metro to Thirumayilai metro, and Greenways Road metro to Thiruamyilai metro on corridor-3....
Panchayats join hands to create a Vibrant Sports Park
Author : PNT Bureau
In a collaborative effort, Navin's, a renowned real estate company, partnered with Vengaivasal Panchayat to establish a state-of-the-art sports park in Medavakkam, Chennai. The Rajappa Sports Park, spanning an impressive 30,000 square feet within the OSR area, offers a diverse range of world-class facilities, from cricket nets and tennis courts to basketball and futsal courts. This initiative reflects Navin's commitment to promoting an active and healthy lifestyle while fostering a sense of camaraderie among residents. The project serves as an inspiration for other organizations to invest in sustainable and inclusive communities, creating spaces that enhance well-being and community spirit....
Realtors forge ahead in GO 111 region amidst lack of Master Plan
Author : PNT Bureau
In Hyderabad's GO 111 region, real estate developers are undeterred by the absence of a master plan from the Hyderabad Metropolitan Development Authority (HMDA). Filing applications for change of land use (CLU) from agriculture to non-agriculture, developers envision creating sought-after gated communities in areas like Janwada, Mokila, Chevella, Ameenpur, and Gandipet. However, concerns arise as structures encroach upon lakes and water channels, prompting experts like BV Subba Rao to emphasize the need for stricter land use regulations. As stakeholders await the release of a comprehensive master plan, the ongoing surge in real estate development highlights the delicate balance between urban growth and environmental preservation....
Shilp Group acquires the priciest GIFT City development rights
Author : PNT Bureau
GIFT City, an emerging global financial hub, witnessed the Shilp Group acquire 500,000 square feet of valuable development rights at a record-breaking rate. The highest acquisition price was previously set by Venus Group. GIFT City increased prices, triggering competitive bidding, and successfully allocated over 10 million square feet of rights despite the pandemic. With comprehensive amenities and a foreign bank presence, GIFT City positions itself as a prominent international financial centre....
Union Government grants initial approval for two townships in Uttarakhand
Author : PNT Reporter
The Union Government has given its preliminary approval for the establishment of two new townships in Uttarakhand. These projects include an industrial township in the Parag Farm area of Udham Singh Nagar and an integrated township in Doiwala, near Dehradun. The state government aims to transform Parag Farm into a major industrial hub, attracting significant investment and generating employment opportunities. Additionally, an integrated aero township is proposed for Doiwala, taking advantage of its proximity to the airport. A delegation from the Centre is expected to visit the locations for further assessment....
Challenges and delays persist in Kochi's LIFE MISSION Housing Project
Author : PNT Reporter
The Greater Cochin Development Authority (GCDA)'s LIFE MISSION housing project in Mundamveli, Kochi, has encountered several delays in its completion. The contractor, Thrissur District Labour Contract Co-operative Society (TDLCCS), has struggled to meet deadlines due to the impact of monsoons on the project's progress. Despite completing most of the work in one block, substantial tasks remain unfinished in the other blocks, leading to missed deadlines. The project aims to rehabilitate residents of the P&T colony and comprises two four-storeyed buildings with a total of 83 flats....
Cabinet approves metro between HUDA City Centre and Cyber City in Gurugram
Author : PNT Reporter
The Union Cabinet has given its approval for the metro rail connectivity project between HUDA City Centre and Cyber City in Gurugram, aiming to enhance public transport in the national capital region. The Haryana Mass Rapid Transport Corporation Limited (HMRTC) will undertake the 28.50-kilometer project with 27 stations. The metro trains on this line will operate at a design speed of 80 km per hour, maintaining an average speed of 34 kmph. The entire project is expected to be completed in four years....
Delhi 2041: Inclusive housing and sustainable development stand at the forefront
Author : PNT Reporter
Delhi Development Authority (DDA) is making strides in its "Vision 2041" initiative with notable progress in sustainable urban development. Updates shared by vice-chairman Subhasish Panda include the in-situ rehabilitation of 18 slums, 70% land pooling in 20 identified sectors, and transit-oriented development projects. Efforts are also underway to increase affordable housing sales, and to restore the Yamuna floodplain, with 90% of rejuvenation achieved in four out of ten sites. These advances underline DDA's commitment to create an inclusive and sustainable Delhi....
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