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Gujarat Chief minister Vijay Rupani

The Chief Minister of Gujarat has approved the construction of skyscrapers with 70 or more floors.

May 27, 2021

Gujarat is one step closer to transforming the skylines of its five major cities with ‘iconic towers’ such as those seen in Dubai and Singapore. Chief Minister Vijay Rupani approved the final notification addressing the construction of buildings with 70 or more stories on May 25, paving the path for this move. The approval was […]

The Chief Minister of Gujarat has approved the construction of skyscrapers with 70 or more floors.more
Smart meter

Bihar chief minister has directed officials to expedite the installation of smart meters in every home.

May 24, 2021

On Saturday, CM Nitish Kumar asked the energy department to expedite the installation of prepaid smart meters in each Bihar household, reiterating his demand for the country to have ‘one nation, one electricity rate.’ The CM assured officials that there would be no shortage of funds for the ongoing work of installing prepaid smart meters […]

Bihar chief minister has directed officials to expedite the installation of smart meters in every home.more
car-car-park-min

People in Ahmedabad will be required to display proof of parking space in order to purchase a car.

May 20, 2021

People would be required to provide proof of parking space before purchasing vehicles under a historic new parking policy finalized by the Ahmedabad Municipal Corporation. The step is an attempt to stop people from purchasing several cars. According to the Times of India, the civic body also agreed not to allow cars to get parked […]

People in Ahmedabad will be required to display proof of parking space in order to purchase a car.more
Property Transfer

Registration of property stops in Karnataka; builders fear a disruption of cash flow.

May 14, 2021

The registration of property has stopped across Karnataka because after declaring a two-week lockdown, the government shut its 243 offices of the sub-registrar for the time being. “To ensure the safety of our staff and the public our offices have been closed down. Online registration is not even allowed,” KP Mohanraj, inspector general of registration and […]

Registration of property stops in Karnataka; builders fear a disruption of cash flow.more
Electricity

In Andhra Pradesh, a housing scheme would use energy-efficient construction technologies.

May 10, 2021

The revolutionary ‘Indo-Swiss energy-efficient construction technology’ will be used in Andhra Pradesh’s Pedalandariki Illu housing scheme (housing for all the poor). The proposal calls for the construction of 30 lakh affordable houses in the state. According to state officials, the Indo-Swiss EE technology will decrease the temperature inside houses by about two degrees and save […]

In Andhra Pradesh, a housing scheme would use energy-efficient construction technologies.more
Construction

NAREDCO aims for the establishment of isolation facilities for construction workers.

May 7, 2021

Developers from all real estate projects in the twin cities and the area of Yamuna Expressway are asked to provide isolation facilities on their construction sites for Covid affected workers, the Naredco builders’ body said on May 6. Despite the fact that over 25% of migrant workers have returned to their hometowns, over a lakh people […]

NAREDCO aims for the establishment of isolation facilities for construction workers.more
Housing Societies

The Maharashtra cabinet has approved changes to the Co-operative Societies Act.

May 6, 2021

On May 5, the Maharashtra cabinet approved a plan to amend the Cooperative Societies Act 1960 to ensure that members’ voting rights are not getting lost during the next elections to their respective societies. According to the current rules, a member must attend at least one meeting of the co-operative society every five years otherwise, […]

The Maharashtra cabinet has approved changes to the Co-operative Societies Act.more
SEBI

Debt instruments provisional rating policies get reinforced by the SEBI new guidelines.

April 28, 2021

Sebi, the market regulator, issued a new structure on Tuesday to improve policies on a provisional assessment by credit rating agencies (CRAs) for debt instruments. According to the structure, all provisional ratings (‘long term’ or ‘short term’) for debt instruments must be prefixed with ‘provisional’ before the rating symbol in all communications—rating document, press release, […]

Debt instruments provisional rating policies get reinforced by the SEBI new guidelines.more
Building Construction

Construction firms are able to support their workers by using the reverse migration option.

April 13, 2021

Real estate and construction firms have so far been able to keep their workers on the job by using the lessons learned from last summer’s tumultuous evacuation of towns, even as reverse migration of unskilled workers working in retail, hotels, street vendors, and other miscellaneous occupations has begun in the wake of new mobility curbs. […]

Construction firms are able to support their workers by using the reverse migration option.more


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