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West Bengal Chief Minister Mamata Banerjee has launched the 'Banglar Bari' scheme to provide financial aid for housing to over 28 lakh beneficiaries identified through state surveys. With a budget of INR 14,773 crore, the scheme will transfer INR 1.2 lakh per household by December 2025. On the launch day, 12 lakh beneficiaries received their first instalment of INR 60,000 directly in their bank accounts. Eight lakh families will be covered by mid-2025, with the remainder by year-end. The initiative reflects West Bengal's commitment to addressing housing needs and promoting social welfare and economic development across the state.Read more
In Sector 79, Noida, 44 residents of Gaursons Sportswood have filed a writ petition under Article 226 in the Allahabad High Court, seeking the registration of flats handed over five years ago. The delay stems from unresolved issues within the Sports City initiative, launched in 2010, requiring 70% of the land for sports infrastructure. A 2019 CAG audit revealed irregularities, leading the Noida Authority to freeze approvals for occupancy certificates and registries in 2021. Despite Gaursons receiving a temporary completion certificate and a no dues certificate, the freeze persists, leaving buyers unable to sell or transfer properties. Petitioners argue this infringes on their fundamental rights and cite UP-RERA guidelines supporting their claims. The next hearing is set for January 10, 2025. This case could impact thousands of other homebuyers facing similar registration hurdles in Noida's Sports City projects.Read more
Odisha's Housing and Urban Development Department has initiated PMAY-U 2.0 to provide quality housing for urban residents over five years. Applications are now open through a unified web portal, with outreach campaigns boosting awareness. A mobile app is collecting data on vulnerable groups, ensuring targeted beneficiary selection. The state plans to finalize the beneficiary list post-survey within two months. At the national level, PMAY-U 2.0 focuses on affordable homes and rental housing for migrants, workers, and women. With strategic planning and surveys, Odisha's model aims to alleviate the urban housing crisis and advance the goal of "Housing for All."Read more
The Greater Noida Development Authority (GDA) is set to acquire 490 hectares from eight villages for the INR 10,000 crore Harnandipuram township project. District Magistrate Indra Vikram Singh formed a six-member committee to oversee land acquisition, with surveys led by GDA and tehsil officials. Key villages include Nangla Ferozepur (247.8 hectares) and Shamsher (124 hectares). The state government will fund 50% under the CM Urban Expansion New City Promotion Scheme, with GDA covering the rest. The GDA is also preparing a detailed project report (DPR), seeking private firms for development proposals. This initiative aims to boost regional growth and infrastructure.Read more
India's office space leasing across eight major cities is projected to increase by 14% in 2024, reaching a record 85 million square feet, according to Cushman & Wakefield. The growth is being driven by demand in sectors like IT-BPM, BFSI, engineering, and flex spaces. The consultant predicts that fresh leasing, particularly from Global Capability Centres (GCCs) and expanding domestic companies, will make up 70% of the gross leasing volume. The market is also witnessing upward pressure on rents in prime areas due to the expected surge in leasing activity.Read more
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Bengaluru-based RMZ Corp, in partnership with the Canada Pension Plan Investment Board (CPPIB), plans to invest USD 750 million in redeveloping the iconic Kamal Amrohi Studio into a modern office complex named RMZ Nexus. Situated along Jogeshwari-Vikhroli Link Road (JVLR), the 10.94-acre project spans 3.74 million square feet across six towers. The project, scheduled for completion by 2027, will include direct metro integration and offer diverse amenities such as retail spaces, fine dining, wellness zones, and sky bars. RMZ aims to reshape Mumbai's commercial real estate landscape, underlining its commitment to India's growing economy.Read more
Crossings Republik, the first township developed under the UP government's Integrated Township Scheme, faces significant challenges in civic development and connectivity. Developers have requested a five-year extension from the government to complete essential infrastructure, including drainage systems, EWS and LIG housing, and other civic amenities. Connectivity issues have also been highlighted, with current roads being narrow, congested, or unfit for heavy vehicles. Residents and developers alike have called for urgent intervention, including road development and land acquisition to resolve these issues and improve accessibility.Read more
The New Delhi Municipal Council (NDMC) has unveiled plans to develop two commercial complexes to boost its infrastructure and revenue. One complex, located opposite Prithviraj Market, will replace single-storey vacant flats with an eight-storey structure featuring offices and retail spaces. The other project, near Akbar Bhawan in Chanakyapuri, involves a ten-storey commercial building with four basements. While the first project is slated to begin in the next financial year after council approval, the second is undergoing tender revision following court clearance. Both initiatives aim to optimise vacant spaces and enhance urban facilities, including parking solutions.Read more
The Atal Smart City, developed under the central government's Smart City Mission, was inaugurated by Chief Minister Bhupendra Patel. Located in Raiya, Rajkot, the project, spread across 930 acres, has a modern infrastructure with all essential amenities. It includes a road network of 18.21km, an 8.51km BRTS corridor, and a recycled water system aimed at conserving potable water. Key features also include stormwater drainage, power ducts, and dedicated cycle tracks. The project, costing INR 550 crore, is expected to accommodate around four lakh residents, with completion set for November 2024.Read more
HUDCO has signed an MoU with the Delhi Development Authority (DDA) to provide consultancy services for urban infrastructure projects in Delhi. This partnership aims to develop affordable housing, commercial, and mixed-use spaces to address rising urban demands. HUDCO will also conduct capacity-building programs for DDA officials to improve project execution efficiency. Given Delhi's rapid urbanization and challenges like population growth and housing shortages, the collaboration focuses on inclusive development. By leveraging HUDCO's expertise, the DDA aims to enhance urban living conditions, promoting a more sustainable and livable environment for residents of the capital.Read more
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