News

NSE, BSE put Ambuja Cements, other Adani firms under short-term ASM

NEW DELHI: As many as three Adani group companies, including Adani Enterprises, have come under short-term additional surveillance measure (ASM) framework of the BSE and NSE, according to the latest data available with the exchanges on Thursday. Apart from Adani Enterprises, the other two firms listed by the exchanges are — Adani Ports and Special […]

Compost pits to come up in Gurugram parks, says MCG

The Municipal Corporation of Gurugram (MCG) on Tuesday directed its sanitation department to construct compost pits in residential parks across the city to spread awareness about proper waste segregation, officials said. Teams have been tasked to identify public parks used by the local residents where compost pits can come up to reduce burden on Bandhwari […]

State denies funding for two Metro extensions in Ghaziabad

The two proposed Metro routes are from Mohan Nagar to Vaishali and from Noida’s Sector 62 to Sahibabad, officials said. In a major setback to the Ghaziabad Development Authority (GDA)’s plans to extend two Metro routes within Ghaziabad for better connectivity, the state housing and urban planning department has refused to bear 50% of the […]

Budget 2023: Affordable housing needs boost, says Anarock

NEW DELHI: India’s residential real estate sector looks hopefully to Budget 2023-24 to boost the country’s flagging affordable housing segment. The segment had revived after the government began to roll out incentives from 2015 and became ‘respectable’ with both buyers and developers. However, the pandemic seriously impacted the affordable housing segment, with both demand and […]

Budget 2023: Rs 19,518 crore allocated to metro projects across India

NEW DELHI: The government has allocated a total of Rs 19,518 crore to all metro projects across India in the Union Budget 2023-24, officials said on Wednesday. Finance Minister Nirmala Sitharaman in her speech in Lok Sabha said, “Our vision for the ‘Amrit Kaal’ includes technology-driven and knowledge-based economy with strong public finances, and a […]

SC directs Noida authority to process Unitech’s housing plans in 10 projects

The Supreme Court on Wednesday allowed the government-appointed board of Unitech to submit its revised layout and building plans for nearly 10 projects spread across Noida and directed the Noida authority, the landowning agency, to process the same without insisting on upfront payment of dues. The board agreed to pay the current rates as applicable […]

Budget allocates 3,596 crore for country’s first RRTS project

The Union Budget on Wednesday allocated 3,596 crore for the country’s first Regional Rapid Transit System (RRTS) project, which is pegged at 30,274 crore and scheduled to be fully functional by March 2025. The 82km-long project will connect the three cities of Delhi, Ghaziabad and Meerut with high-speed RRTS with a design speed of 180kmph. […]

Greater Noida authority auctions three land parcels for Rs 305 crore for residential development

Greater Noida authority has auctioned three land parcels to real estate developers for Rs 305 crore against the reserve price of Rs 200 crore. The authority had invited bid for 11 land parcels in December and received interest from 9 developers for three land parcels. Golf Green Mansions pvt ltd has acquired a 22,000 square […]

Gurugram: DTCP serves notices to 70 over commercial activities on residential plots

GURUGRAM: Intensifying its drive against illegal commercial activities being carried from residential plots in licensed colonies, the department of town and country planning (DTCP) has served notices to the owners of 70 such plots in Sushant Lok 1 on Tuesday. The department has served show cause notices to these property owners and sought their replies […]

Gurugram RTA, NHAI to identify and close illegal exits to curb traffic congestion

The regional transport authority (RTA) of Gurugram and the National Highways Authority of India (NHAI) are working together to identify all illegal exits on NH-48 and to get these closed at the earliest so as to curb accidents and snarls, officials in the know of the matter said on Tuesday. RTA officials said they have […]

Yamuna Expressway authority set to prepare urban development plan for Agra

The Yamuna Expressway Industrial Development Authority (Yeida) has decided to prepare a plan for urban development on at least 12,000 hectares of land in Agra district along the expressway in line with its objective of generating employment and development in the region. According to officials familiar with the matter, the authority is exploring economically feasible […]

K Raheja Corp, Modern India ink pact to develop 1-million-sq-ft project in Mumbai

Realty developer K Raheja Corp’s residential development arm K Raheja Corp Homes has entered into an agreement to develop a 1-million-sq-ft luxury housing project spread over 3-acre prime land parcel in South Mumbai’s Mahalaxmi locality. The project will be developed through an agreement for sale of the plot currently owned by Modern India that has […]

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