Government approves larger homes in private forests of Goa, Uttarakhand

05 Jan 2024 CW Team

The Indian government has given the green light for residential constructions up to 250 square metres in private forests of Goa and Uttarakhand. This groundbreaking decision aims to strike a balance between conservation efforts and meeting the growing housing demands in these ecologically sensitive regions.

The recent approval signifies a departure from previous restrictions, allowing for larger housing units within the specified size limit. This move is expected to provide a boost to the real estate sector while maintaining a focus on environmental preservation. It reflects a careful consideration of the need for sustainable development in these picturesque states.

By permitting larger homes, the government aims to cater to the evolving housing needs of the residents without compromising the ecological integrity of the private forests. The decision is expected to have a positive impact on both the real estate market and the overall socio-economic landscape of Goa and Uttarakhand.

However, stringent guidelines and environmental norms will likely be enforced to ensure responsible construction practices and mitigate potential adverse effects on the delicate ecosystems. The move aligns with the government's commitment to balancing developmental goals with environmental conservation, setting a precedent for responsible urbanisation in ecologically fragile areas.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..