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In Hyderabad's GO 111 region, real estate developers are undeterred by the absence of a master plan from the Hyderabad Metropolitan Development Authority (HMDA). Filing applications for change of land use (CLU) from agriculture to non-agriculture, developers envision creating sought-after gated communities in areas like Janwada, Mokila, Chevella, Ameenpur, and Gandipet. However, concerns arise as structures encroach upon lakes and water channels, prompting experts like BV Subba Rao to emphasize the need for stricter land use regulations. As stakeholders await the release of a comprehensive master plan, the ongoing surge in real estate development highlights the delicate balance between urban growth and environmental preservation.Read more
GIFT City, an emerging global financial hub, witnessed the Shilp Group acquire 500,000 square feet of valuable development rights at a record-breaking rate. The highest acquisition price was previously set by Venus Group. GIFT City increased prices, triggering competitive bidding, and successfully allocated over 10 million square feet of rights despite the pandemic. With comprehensive amenities and a foreign bank presence, GIFT City positions itself as a prominent international financial centre.Read more
The Union Government has given its preliminary approval for the establishment of two new townships in Uttarakhand. These projects include an industrial township in the Parag Farm area of Udham Singh Nagar and an integrated township in Doiwala, near Dehradun. The state government aims to transform Parag Farm into a major industrial hub, attracting significant investment and generating employment opportunities. Additionally, an integrated aero township is proposed for Doiwala, taking advantage of its proximity to the airport. A delegation from the Centre is expected to visit the locations for further assessment.Read more
The Greater Cochin Development Authority (GCDA)'s LIFE MISSION housing project in Mundamveli, Kochi, has encountered several delays in its completion. The contractor, Thrissur District Labour Contract Co-operative Society (TDLCCS), has struggled to meet deadlines due to the impact of monsoons on the project's progress. Despite completing most of the work in one block, substantial tasks remain unfinished in the other blocks, leading to missed deadlines. The project aims to rehabilitate residents of the P&T colony and comprises two four-storeyed buildings with a total of 83 flats.Read more
The Union Cabinet has given its approval for the metro rail connectivity project between HUDA City Centre and Cyber City in Gurugram, aiming to enhance public transport in the national capital region. The Haryana Mass Rapid Transport Corporation Limited (HMRTC) will undertake the 28.50-kilometer project with 27 stations. The metro trains on this line will operate at a design speed of 80 km per hour, maintaining an average speed of 34 kmph. The entire project is expected to be completed in four years.Read more
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Delhi Development Authority (DDA) is making strides in its "Vision 2041" initiative with notable progress in sustainable urban development. Updates shared by vice-chairman Subhasish Panda include the in-situ rehabilitation of 18 slums, 70% land pooling in 20 identified sectors, and transit-oriented development projects. Efforts are also underway to increase affordable housing sales, and to restore the Yamuna floodplain, with 90% of rejuvenation achieved in four out of ten sites. These advances underline DDA's commitment to create an inclusive and sustainable Delhi.Read more
The Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) has invited bids for auctioning three land parcels totaling 142.5 acres at the Global City project site. The project, located near the Dwarka Expressway, aims to become the central business district of Gurgaon, incorporating advanced technology and mixed land-use. The development includes the construction of a utility tunnel, making Global City a "digging-free city." The HSIIDC estimates the cost of developing essential services and amenities at Rs 931 crore and has organized roundtable conferences to attract investments for the project.Read more
Trichy Corporation has recently concluded the selection of an expansive 8.9-acre plot of land in Panjapur for allocation to Tidel Park Limited. This organization is a joint venture between the Tamil Nadu Industrial Development Corporation (TIDCO) and the Electronic Corporation of Tamil Nadu (ELCOT), both state-owned entities. The primary objective of this acquisition is to facilitate the construction of a state-of-the-art office space specifically designed for IT and ITES companies operating in Trichy city.Read more
Karnataka's Housing Minister, B Z Zameer Ahmed Khan, has recommended the Karnataka Housing Board (KHB) to consider a grand proposal of 1,000 luxury villas across a 500-acre land on Bengaluru's outskirts. These residences are aimed at attracting international industrialists and VIPs who wish to establish a permanent base in the city. The plan, part of a larger scheme involving five high-tech cities on 2,000 acres, envisages a 50:50 public-private partnership to offset land acquisition costs. The move promises to transform Bengaluru into an appealing residential hub on the global map.Read more
The draft master plan for Thiruvananthapuram introduces Transit-Oriented Development (TOD) as an innovative approach to promote sustainable urban growth. The plan includes two TOD corridors along the old NH-47 and NH bypass, where a flexible floor area ratio (FAR) will be implemented to encourage mixed land use and efficient transportation. The plan suggests various policy measures and incentives to support TOD, aiming to create vibrant, well-connected neighbourhoods and enhance the quality of urban life in the capital city of Kerala.Read more
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