Maharashtra builders exploit rental housing scheme delays

26 Dec 2023 CW Team

Activists in Maharashtra have raised concerns over alleged exploitation by builders who are purportedly benefiting from delays in the implementation of the state's Rental Housing Scheme projects. According to reports, the protracted timelines have allowed developers to capitalize on loopholes, potentially undermining the intended benefits for residents in need of affordable housing.

The Rental Housing Scheme aims to address the housing crisis by providing affordable rental accommodations to various income groups. However, activists claim that builders are taking advantage of bureaucratic delays, avoiding penalties, and circumventing regulations. This has raised questions about the transparency and efficiency of the scheme's execution.

Critics argue that the delays not only impact the credibility of the initiative but also compromise the welfare of those eagerly awaiting affordable housing solutions. The state government is now facing calls to expedite the implementation process, tighten regulatory oversight, and ensure that builders adhere to the intended objectives of the Rental Housing Scheme.

As the debate intensifies, the spotlight is on the intersection of policy, developer practices, and the pressing need for accessible and affordable housing solutions for the people of Maharashtra.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..