UP government to start land acquisition for Noida International Airport phase 2 in July
Author : PNT Reporter
The UP government plans to begin the land acquisition process for the second phase of the Noida International Airport in July. Two townships will be established in Falaida Cut and Modal Pur to resettle the impacted villagers. The government requires 230 hectares of land to build the townships, and officials have issued notifications for people to file objections. After addressing objections, compensation will be handed out, and land will be acquired. The resettlement process is estimated to take two years, and families will be given jobs or a one-time payment of Rs 5 lakh. Connectivity will be improved by linking the townships to nearby roads....
IRB Infrastructure lands a mammoth Rs 7,380 Crore deal for Hyderabad Outer Ring Road Project
Author : PNT Reporter
IRB Infrastructure Developers Ltd. has secured the Hyderabad Outer Ring Road Toll-Operate-Transfer (TOT) project worth ?7,380 crore, which involves a 158-km expressway. The 30-year concession period deal is the second largest in the country, following the Mumbai-Pune Expressway project. This acquisition takes IRB's asset base to over Rs 70,000 crore, bolstering its position as India's largest private player in the TOT space. The company's shares surged 3.2% on the news, reflecting investor confidence in the firm's strategic growth trajectory....
Kochi Metro Phase-II: Land acquisition underway for 9 new stations
Author : PNT Reporter
The state government of Kerala has released a notice for the acquisition of land for the construction of nine Metro stations as part of Phase II of the Kochi Metro. A social impact assessment is currently being conducted. The new line will showcase environmentally sustainable architecture with minimal design, and its estimated cost is Rs 1957.05 crore. Despite the delay in commencing work, the Agence Française de Développement is expected to provide funding, and it is projected that the second phase of the Kochi Metro will be completed by 2028, serving an additional 150,000 passengers daily....
Madhya Pradesh Industrial Development Corporation to launch an IT Park in Indore
Author : PNT Reporter
The Madhya Pradesh Industrial Development Corporation (MPIDC) in Indore has announced the construction of a new IT Park on the Crystal IT Park campus. The new IT Park will span approximately 1.10 lakh square meters and will be available for tech firms to lease or rent. It will have a saleable area of approximately 65,000 square meters and the anticipated construction cost is around Rs 393 crore. It will also include additional amenities such as gyms, meditation rooms, and other facilities for the benefit of the employees....
Delhi HC orders joint task force to combat illegal sand mining along Yamuna River
Author : PNT Reporter
The Delhi High Court has ordered the formation of a joint task force between Delhi and Uttar Pradesh police to address illegal sand mining along the Yamuna River. The court emphasized the environmental impact and urgency of the issue and directed the task force to regularly monitor river banks and ensure proper pickets are posted. The formation of the task force aims to protect fragile ecosystems and enforce stronger regulations to safeguard India's rivers from the consequences of illegal sand mining....
Sinhasa IT Park to offer 30-year lease on office space, aiming to draw tech companies
Author : PNT Reporter
Sinhasa IT Park, under the Madhya Pradesh State Electronics Development Corporation, aims to attract tech companies by offering 30-year leases on office spaces. The 112-acre technology and business hub feature industrial plots and a four-story building. With plots already allocated to 30 small and medium-sized IT firms, the park plans to initiate online bidding for seven remaining plots in May. In addition to offering long-term leases, the park is developing a plug-and-play facility for ready-to-move-in spaces and exploring improvements in connectivity, infrastructure, educational partnerships, and financial incentives to entice more tech companies to the region....
Revised estimate for Kochi metro phase II gets cabinet nod
Author : PNT Reporter
The Kochi Metro's second phase, which runs from JLN Stadium to Kakkanad, has been delayed due to land acquisition issues and delays in the commencement of work. As a result, the project cost has escalated, and the revised estimate has been set at Rs 1,957.05 crore. The state cabinet has granted approval for the revised estimate, which is expected to speed up the work on the Metro line's second phase....
Versova-Bandra Sealink project cost up by whopping 60% to Rs 11,333 crore
Author : PNT Reporter
The cost of the Versova Bandra Sealink, a major project of the Maharashtra government, has increased by 60% from Rs 6,993 crore in 2019 to Rs 11,333 crore. However, there has been very little progress on the project due to legal disputes. Certain parties have challenged the environmental clearance granted to the project, and the matter has reached the Supreme Court. The 17.7 km long project was expected to be completed by 2023, but the Maharashtra State Road Development Corporation (MSRDC) has now revised the deadline to December 2026....
EV infrastructure in new building draft rules in West Bengal
Author : PNT Bureau
The West Bengal state government's urban development and municipal affairs department has released a draft notification proposing changes to sections of the West Bengal Municipal (Building) Rules, 2007. The amendments include provisions such as reserving 10% of parking spaces for charging infrastructure in buildings with more than 30 flats or apartments, regularizing minor deviations from sanctioned building plans, allowing additional ground coverage for car parking and building services, and introducing building rules for MSME units in industrial parks....
Hiranandani Group looks to set up a 100acre semiconductor park in Noida
Author : PNT Bureau
According to news reports, Mumbai based Hiranandani Group, has requested the Yamuna Express Industrial Development Authority (YEIDA) to identify and assign 100 acres of land near the Jewar Airport to the company for the purpose of constructing a semiconductor park. This request is currently under review by authorities. The company is keen to create an ATMP (assembly, testing, marking, and packaging) facility in the YEIDA region. However, they will pursue the final assignment of land only after receiving all the requisite clearances from Indian Semiconductor Mission (ISM)....
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
