CIDCO approves construction period from plot possession

24 Oct 2023 CW Team

The City and Industrial Development Corporation (CIDCO), the city planning authority of Maharashtra, has granted approval for an extended construction period for individuals affected by the Navi Mumbai International Airport project. As part of CIDCO's existing policy, a construction period of four to six years is typically allocated from the agreement date for individuals receiving plots under the Rehabilitation and Resettlement Scheme. However, in a special case, CIDCO has now sanctioned an extended construction period of six years from the date of plot possession for those impacted by the Navi Mumbai International Airport project.

Anil Diggikar, Vice Chairman and Managing Director of CIDCO, attributed this decision to the directives of Chief Minister Eknath Shinde and the significant contributions made by the Project Affected People (PAPs) of Navi Mumbai International Airport to a project of national importance. He noted that this extension will facilitate a smoother development process for the project affected individuals, enabling them to effectively utilize the allotted plots.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..