26 Nov 2024

The Indian government has approved the construction of an additional two crore houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) to improve rural housing by 2029. Building on the 2.67 crore houses already completed, this phase includes updated eligibility criteria, such as higher income limits and relaxed asset conditions. A new survey using facial recognition technology will identify beneficiaries, ensuring transparency and accuracy. Financial aid of INR 1.20-1.30 lakh will be provided based on region. The initiative, expected to benefit 10 crore individuals, aims to enhance rural living standards and support economic growth by addressing evolving housing needs.Read more

26 Nov 2024

Indore is set to enhance its logistics infrastructure with the upcoming Multi-Modal Logistic Park (MMLP) in Pithampur, developed on 112.6 hectares of land acquired by the Madhya Pradesh Industrial Development Corporation (MPIDC). The INR 1,110.6 crore project, funded through a Public-Private Partnership (PPP) model, will integrate road and rail transport to boost supply chain efficiency and reduce costs. Addressing land acquisition challenges, the state approved INR 30.5 crore for double compensation to local landowners. Slated to begin by end-2024, the MMLP is poised to attract investments, create jobs, and strengthen Madhya Pradesh's position as a logistics hub.Read more

25 Nov 2024

The Gujarat government is developing master plans to protect 23 eco-sensitive zones (ESZs) while promoting sustainable development. These plans will outline specific guidelines for construction, agriculture, and economic activities across 771 villages within the zones. Key components include ecological resource mapping, sustainable tourism frameworks, waste management protocols, and water conservation measures. Local stakeholders, such as village panchayats and environmental experts, are actively involved in the process. District-level committees will monitor compliance and implementation. Despite challenges, particularly in Gir, the government aims to balance conservation with local development aspirations, offering alternative livelihoods and addressing human-wildlife conflicts through these initiatives.Read more

25 Nov 2024

The Bombay High Court has mandated municipal corporations, councils, and urban local bodies in Maharashtra to integrate their websites with the MahaRERA portal within three months. This integration aims to enable real-time verification of commencement and occupation certificates, addressing concerns over forged documents and unauthorised constructions. The directive stems from a PIL highlighting non-compliance in Kalyan and Ambernath. Pending integration, authorities must upload these certificates within 48 hours of issuance. This move aligns with the RERA Act's provisions, ensuring transparency and protecting homebuyers by curbing fraud. The state government must ensure complete compliance to foster a secure real estate ecosystem.Read more

22 Nov 2024

The Visakhapatnam Metro Rail project is advancing as the state government, led by Minister P. Narayana, has forwarded its master plan to the central government for approval. Addressing assembly concerns, Narayana assured that a revised Detailed Project Report (DPR), based on the Comprehensive Mobility Plan (CMP), will also be submitted for additional clearance. The project, a commitment under the AP Reorganisation Act of 2014, was initially planned by DMRC in 2015, proposing a 42.5 km network across three corridors. While delays persist, the renewed focus on approvals and revisions reflects the government's determination to enhance urban mobility. Once approved, the project promises to improve connectivity and boost regional development.Read more

22 Nov 2024

The Karnataka government's initiative to require Aadhaar, passport, or PAN card for property registration has been well-received, with around 60% of registrations processed through Aadhaar verification in the past month. This measure aims to curb fraudulent property transactions and improve transparency. Revenue Minister Krishna Byregowda emphasised that Aadhaar verification helps identify legitimate property owners, prevents fraudulent registrations, and exposes benami properties. The department piloted this rule in three taluks before implementing it statewide. Data protection measures for Aadhaar verification are also in place.Read more

22 Nov 2024

Bollywood stars Deepika Padukone and Ranveer Singh have leased a 2,319.50 sq. ft. apartment in Beau Monde Towers, Prabhadevi, Mumbai, for INR 7 lakh monthly rent, increasing to INR 7.35 lakh after 18 months, with a INR 21 lakh security deposit. This complements their growing real estate portfolio, which includes a INR 17.8 crore Bandra apartment and a record-breaking INR 119 crore Bandstand quadruplex. Their premium properties, featuring tailored designs and modern amenities, reflect a strategic investment in Mumbai's redeveloped and luxury housing market. The couple's real estate choices underline their focus on exclusivity, long-term value, and prime locations.Read more

21 Nov 2024

The Jaipur Development Authority (JDA) is set to launch a residential scheme on December 15, 2024. The project, located on Kalwar Road in Nahri Ka Bas, will span 12 hectares and be named after Atal Behari Vajpayee. This marks the JDA's first residential scheme in four years, following the pandemic. The scheme will offer 386 plots, with reservations for LIG and EWS categories, as well as space for retail and commercial activities. Additional residential and farmhouse projects are also under consideration by the JDA.Read more

21 Nov 2024

Kanpur Metro is nearing the launch of its extended service from IIT to Kanpur Central station, with a test run scheduled this month. Currently operating between IIT and Moti Jheel, the extended corridor will connect key business hubs like Naveen Market, Bada Chauraha, and Nayaganj via an underground stretch. The new service will reduce travel time from 60-75 minutes to just 30 minutes. With construction and system testing nearly complete, the Uttar Pradesh Metro Rail Corporation (UPMRC) commends the project's progress. This milestone promises improved urban mobility and reduced traffic congestion, marking a transformative step for Kanpur's infrastructure.Read more

21 Nov 2024

The Bruhat Bengaluru Mahanagara Palike's (BBMP) e-khata system has faced significant challenges since its launch in October, with only 5,324 final e-khatas issued from 22 lakh available drafts, despite 54 lakh website visits. Common issues, including data errors like misspelt names and incorrect property numbers, have hindered adoption. To address this, BBMP will introduce a correction module, enabling property owners to rectify mistakes at local revenue offices. Additionally, a new module for properties lacking khata documentation is set to launch soon. These measures aim to improve transparency and adoption, though experts highlight the need for better user support and outreach.Read more