Challenges mount for Chandigarh Housing Board

08 Jan 2024 CW Team

In a significant development, the Chandigarh Housing Board has introduced substantial amendments to its building rules, posing a major challenge for property allottees. The modifications, detailed in a recent announcement, have triggered concerns and uncertainties within the real estate community. The revised rules touch upon crucial aspects of construction and property development, impacting both ongoing and future projects. Allottees now grapple with adapting to the altered regulatory landscape, as the changes necessitate adjustments to existing plans and compliance procedures. The amendments, aimed at enhancing urban development and ensuring architectural harmony, demand meticulous attention from stakeholders in the real estate sector. The amendments cover diverse facets, including building height restrictions, permissible land usage, and environmental considerations. Property owners and developers must navigate the intricate details of these alterations to align their projects with the updated guidelines. This regulatory shift introduces a layer of complexity that may influence property valuations, project timelines, and the overall feasibility of real estate endeavors. Key concerns include the potential impact on property values, the need for additional approvals, and the financial implications for ongoing projects. The Chandigarh Housing Board, in its pursuit of urban development goals, prompts a thorough reevaluation of construction plans and regulatory compliance for all stakeholders involved in the real estate landscape. This regulatory update underscores the importance of staying informed and proactive within the ever-evolving real estate environment. As allottees grapple with the implications of these amendments, a comprehensive understanding of the revised rules becomes paramount for successful project execution and long-term viability.

Infrastructure Transport

09 Sep 2025

Maharashtra clears Rs 23,487 cr Metro Line 11 and key transport projects

Mumbai, 4 September 2025: In a major infrastructure push, the Maharashtra Cabinet has approved key urban transport projects, including the Rs 23,487.51 crore Metro Line 11 connecting Anik Depot–Wadala to the Gateway of India. The line, an extension of Metro Line 4 (Wadala–Thane–Kasara–Vadavli), will feature 13 underground and one elevated station, with 70 per cent of the corridor planned underground.The Cabinet also cleared the procurement of 238 new air-conditioned local trains under the Mumbai Urban Transport Project (MUTP) Phase III and IIIA, with Rs 4,826 crore allocated. Further, ..

Max Estates acquires Gurugram land for Rs 3,000 crore housing project

Gurugram, 6 September 2025: Max Estates has acquired a 7.25-acre land parcel in Sector 59, Gurugram, to develop a premium residential project with an estimated sales potential of over Rs 3,000 crore. The project will have a total development potential of 1.3 million sq ft.The company’s board has approved the acquisition of Base Buildwell Pvt Ltd (BBPL), a special purpose vehicle holding the licence and development rights for the site on Golf Course Extension Road. The transaction involves purchasing 100 per cent of BBPL’s share capital, comprising 10,000 equity shares of Rs 10 each and 24,..

Mumbai to get 238 new AC local trains under MUTP expansion

Mumbai: In a major push to upgrade Mumbai’s lifeline, the Mumbai Rail Vikas Corporation (MRVC) has initiated the procurement of 238 fully air-conditioned trains, just four days after the Maharashtra Cabinet cleared the ambitious plan.The project, part of the Mumbai Urban Transport Project (MUTP) Phase III and IIIA, will add 2,856 Vande Metro coaches in 12, 15, and 18-car formations. The first prototype rake is expected to arrive in two years from the contract award date. Two dedicated depots will be developed at Bhivpuri (Central Railway) and Vangaon (Western Railway) for long-term maintenan..