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28 Jul 2023
Groundwater depletion in Punjab and Haryana has reached critical levels, impacting both urban and rural areas. The unsustainable extraction of water for various purposes has led to declining water levels, posing a significant threat to water resources in the region. The central government's Atal Bhujal Yojana aims to manage water demand and promote sustainable groundwater management in water-stressed areas. However, proactive measures from the respective state governments are essential to effectively tackle groundwater depletion and ensure the conservation of this precious resource.Read more
28 Jul 2023
The construction of the super specialty wing at JJ Hospital in Mumbai has faced significant delays, with only 24% of the project completed over the past three years. The project, estimated at Rs. 700 crore, aims to provide comprehensive medical services and add 1200 beds to the existing hospital. The decision on whether to grant an extension to the current builder or assign the project to another developer rests with the Public Works and State Medical Education Department.Read more
28 Jul 2023
A new report by India Sotheby’s International Realty and CRE Matrix reveals a significant 50% surge in sales of Mumbai's luxury homes in H1 CY’23. High-end properties priced above Rs 10 crore have sold to the tune of Rs 11,400 crore, underlining a healthy return of confidence in India's real estate market. The robust increase aligns with a boom in overall residential sales and the growing affluence of India's financial capital, Mumbai. The ultra-luxury segment (Rs 40-70 crore) also witnessed a 64% growth, further showcasing the city's economic resilience.Read more
28 Jul 2023
After a decade of planning, Mohali's Economically Weaker Section (EWS) housing project has finally commenced. Using the innovative brick less construction technology outlined in the Punjab EWS Housing policy, the Greater Mohali Area Development Authority (GMADA) intends to build 5,000 units in the initial phase. A government-owned entity will oversee project execution from start to finish. The project, underpinned by an ambitious plan approved by the Punjab cabinet in 2021, promises affordable housing solutions for the economically disadvantaged, thereby reaffirming Punjab's commitment to social equity.Read more
27 Jul 2023
A tragic incident occurred in Bhayandar, Mumbai, where a commercial building by the name of Navkriti Premises collapsed opposite the Bhayandar railway station. The building, categorized as dangerous, was unoccupied, but some shopkeepers were conducting business inside despite receiving an eviction notice. The collapse resulted in one fatality and four injuries. The incident underscores the need for urgent action to address the state of old buildings in the city, ensuring proper inspection and demolition to prevent such accidents in the future. Authorities highlight the importance of regular inspections and necessary measures to ensure the safety of potential occupants.Read more
27 Jul 2023
The affordable housing market in India's top seven cities is facing a downturn, with demand shrinking by 20% in H1 2023, according to ANAROCK Research. Escalating land costs and other pandemic-induced factors are being blamed. Conversely, the luxury housing segment is thriving. As a result, developers are shifting focus to mid-range and premium projects. Mumbai, Pune, and NCR saw the most new affordable housing supply in H1 2023, despite the overall contraction. The change underscores a significant shift in real estate market trends.Read more
26 Jul 2023
In a comprehensive evaluation carried out by engineering authorities from the Secunderabad Cantonment Board (SCB) last year, it was revealed that approximately 20 edifices dating back to the pre-Independence era were teetering on the brink of collapse. The assessment raised concerns over the dire condition of these dilapidated structures in the region. As their structural integrity continued to deteriorate, residents faced an imminent threat to their safety and well-being. Action is deemed necessary to address the potential risks posed by these aged buildings and ensure the protection of the local community.Read more
26 Jul 2023
In 2011, the Jaipur Development Authority (JDA) made a significant policy revision by mandating the construction of water harvesting structures for plots measuring 300 square meters and above. JDA officials recently revealed that this initiative aimed to promote rainwater harvesting and address water scarcity in Jaipur. However, despite the measure being in place for several years, the latest data indicates that only 220 buildings in the city have complied with the requirement. This underscores the need for further awareness and enforcement to encourage more property owners to adopt rainwater harvesting systems and contribute to sustainable water management in the region.Read more
26 Jul 2023
Four districts of West Bengal - Murshidabad, Bankura, Nadia, and Howrah - have been recognised with the Bhoomi Samman Platinum Certificate for successfully implementing the Digital India Land Records Modernisation Programme. President Droupadi Murmu presented the award at a ceremony in New Delhi, lauding the digitalisation efforts for their potential impact on national development and effective execution of welfare schemes. The initiative also includes assigning a Unique Land Parcel Identification Number for better land usage and formulation of new welfare programs.Read more
26 Jul 2023
The Haji Qasim Ismail Building in Mahim, owned by Waqf Board, experienced a dangerous incident when the third-floor slab collapsed due to water seepage, resulting in no casualties or injuries. The authorities promptly evacuated 150 people and relocated them to nearby accommodations for their safety. The building's poor condition prior to the incident raised concerns, leading to the decision to demolish the damaged portion. The Mumbai Municipal Corporation is taking the safety and security of residents in damaged buildings seriously, providing necessary support and relocation arrangements to prevent harm to occupants of vulnerable structures.Read more