Allahabad HC Grants Zero Period Waiver for Sunshine Trade Tower

02 Aug 2024 CW Team

The Allahabad High Court has granted a zero period waiver for the Sunshine Trade Tower project due to delays caused by incomplete road infrastructure. This waiver allows the project developers to extend the deadline without facing penalties, providing crucial relief as they address the ongoing construction issues.

Sunshine Trade Tower, a significant commercial development in Allahabad, faced delays primarily because the associated road infrastructure was not ready as initially promised. The developers had sought this waiver to avoid financial penalties and additional complications arising from the delay.

The court's decision underscores the challenges faced by real estate developers when external factors, such as infrastructure readiness, impact project timelines. By allowing the waiver, the court acknowledged the constraints beyond the developers control and provided a pragmatic solution to avoid unjust financial burdens.

This ruling is expected to influence similar cases where developers encounter unforeseen delays linked to municipal or infrastructural shortcomings. It highlights the need for better coordination between developers and local authorities to ensure that essential infrastructure is completed in tandem with construction projects.

The decision also reflects a growing trend towards judicial leniency in cases where developers face genuine difficulties due to factors outside their immediate control. This approach aims to balance the interests of developers with the need for timely project completion and regulatory compliance.

As the Sunshine Trade Tower project progresses, this waiver could provide the necessary breathing space to address remaining challenges and ensure successful project completion.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..