MPSEDC to issue new tenders for Sinhasa IT Park as investment exceeds INR 100 crore
Author : PNT Bureau
MPSEDC is preparing to issue tenders for the remaining 12 plots in Sinhasa IT Park by year-end. So far, the corporation has allocated 33 plots to IT and ITES firms, despite eight plots facing encroachment issues. These companies have committed to investing over INR 100 crore and aim to generate employment for approximately 1,500 people. Seven of the allotted companies have already begun operations, while the others are still developing their facilities. MPSEDC has also sold 30,000 square feet of space in the park's building and plans to lease additional sections to various technology-focused enterprises....
Adani Ports and SEZ (APSEZ) handled 183 million metric tonnes (mmt) of cargo from April to August 2024, with a 7% year-on-year growth in Q1 of FY25. However, operations were disrupted by a worker strike at the Gangavaram Port and severe weather issues in Kutch. Despite this, APSEZ maintains its volume target of 460-480 mmt for FY25. APSEZ is focused on expansion, signing an agreement to develop a 5.7 mmt berth at Kandla and acquiring an 80% stake in Astro. The company aims for significant growth, aiming to become one of the world's largest private port companies by 2030....
RLDA invites bids for the commercial development of land parcel in Miraj
Author : PNT Bureau
The Rail Land Development Authority (RLDA) has invited bids for the commercial development of a prime land parcel located north of the Miraj Railway Station in Maharashtra. The strategic location, proximity to the Sangli-Miraj highway, and the area's reputation as a medical hub offer immense potential for the site's development. With a reserve price of INR 8.60 crore and a lease period of 99 years, the plot presents an attractive investment opportunity for businesses and developers seeking to capitalize on Miraj's growing prominence as an emerging medical and commercial hub....
MUDA and Hootagalli CMC dispute leaves Mysuru layout residents without basic services
Author : PNT Bureau
Residents of Mysuru's outskirts, in over 33 layouts approved by the Mysuru Urban Development Authority (MUDA), are struggling due to the lack of basic amenities like water and underground drainage. A dispute between MUDA and the newly-formed Hootagalli City Municipal Council (CMC) has left residents in limbo, as MUDA has not handed over these layouts to the CMC. Despite paying taxes to MUDA, residents are deprived of services. The CMC has requested the transfer of these layouts only after MUDA ensures all amenities are provided, with MUDA officials stating they will address the issue....
Maharashtra township inspections reveal delays in amenities and limited water supply
Author : PNT Bureau
A state-appointed panel has inspected only two of 30 integrated township projects in Maharashtra, both in Nagpur, despite its mandate to assess water availability, construction progress, amenity spaces, and economical housing provisions. Delays in the construction of promised amenities were found, with significant work yet to begin, particularly in Pune and Konkan. Residents have raised concerns about inadequate water supply, with many relying on tankers. The committee plans to report water issues to the government and verify compliance with the state's township policy. Experts express concerns over the slow pace of inspections ahead of the assembly elections later this year....
Delhi-NCR housing market booms with 13,300 new units expected in Q3 2024
Author : PNT Bureau
The supply of new residential properties in Delhi-NCR is projected to triple to 13,311 units during July-September 2024, compared to 4,147 units in the same period last year, according to PropEquity. This surge is driven by strong demand and increased developer activity. Housing sales in the region are expected to rise 22%, reaching 10,263 units from 8,411 units last year. However, across nine major cities, including Delhi-NCR, new launches are set to decline to 93,693 units, down from 1,05,655, while sales may drop 18% to 1,04,393 units, reflecting broader market trends....
Macrotech Developers acquires majority stakes in three digital infrastructure firms
Author : PNT Bureau
Macrotech Developers has acquired Ivanhoe Warehousing India's stakes in three digital infrastructure entities-Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1-for a total of INR 239.56 crore. The acquisition increases Macrotech's ownership to 70% in Bellissimo Digital Infrastructure and 66.67% in both Palava Induslogic 4 and Bellissimo In City FC Mumbai 1. This move aligns with Macrotech's strategy to expand its digital infrastructure presence in the industrial and logistics sectors while also boosting annuity income. Macrotech expects to close the deal within 30 days....
PCMC identifies 2,500 unauthorized structures in Blue Floodline zones, plans demolition drive
Author : PNT Bureau
The Pimpri Chinchwad Municipal Corporation (PCMC) has conducted a comprehensive survey of the blue floodline areas across the twin cities, identifying over 2,500 structures. The civic body has already served notices to the owners of more than 50% of these establishments, with plans to initiate a demolition drive against unauthorized constructions. This survey, the first of its kind, focuses on constructions in all blue floodline areas, marking the zones where the highest flood discharge of the river reaches on an average of every 25 years. The survey reveals that most of the structures are located along the Pavana river, with over 60% being residential in nature....
MPIDC allocates 3,000 plots in Pithampur's Sector 7 for industrial and residential development
Author : PNT Bureau
The Madhya Pradesh Industrial Development Corporation (MPIDC) has allocated nearly 3,000 plots under the land pooling scheme in Sector 7, Pithampur, including 2,900 residential and 95 commercial plots. The industrial sector, spanning over 2,000 hectares, is being developed at an estimated cost of INR 2,400 crore, with 1,351 hectares to be acquired from private landowners. While MPIDC has secured 450 hectares, it continues to seek consents from reluctant landowners. Additionally, 350 hectares from the forest department may be included. Compensation consists of 20% cash and 80% in developed plots. The project aims to promote industrial and residential growth....
Karnataka Government struggles to acquire 85,000 acres needed for satellite townships in Bengaluru
Author : PNT Bureau
The Karnataka Government is tackling the complex task of acquiring 85,000 acres for satellite townships around Bengaluru. The Karnataka Housing Board (KHB) needs 10,000 acres for five townships, while the Bangalore Metropolitan Area Development Authority (BMRDA) requires 75,000 acres for its five townships. Balancing development with farmers' interests, as many depend on their land for their livelihoods, is crucial. Challenges include high land costs, scarcity, and potential governance changes. The government is working to build consensus through raitha adalats and innovative compensation models. Despite these efforts, the future of the townships remains uncertain and needs careful management....
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
