Maharashtra Relaxes Open Space Norms

23 Jul 2024 CW Team

The Maharashtra government has recently relaxed the open space requirements for commercial buildings featuring glass facades. This policy change aims to foster urban development and cater to the evolving architectural trends in commercial real estate.

Under the new regulations, commercial buildings with glass facades are allowed to have reduced open space compared to previous mandates. This decision is expected to facilitate the construction of more modern and aesthetically pleasing commercial structures, aligning with contemporary architectural designs. By easing these requirements, the government seeks to support the real estate sector, which plays a critical role in the state's economy.

This relaxation in open space norms is anticipated to benefit real estate developers and builders by providing greater flexibility in designing commercial projects. The reduced open space requirements will enable developers to maximize the use of available land, potentially increasing the floor space and the overall profitability of commercial buildings.

The policy shift reflects the government's response to the growing demand for state-of-the-art commercial infrastructure. Glass facades are increasingly popular in modern architecture due to their aesthetic appeal, energy efficiency, and ability to enhance natural lighting within buildings. By accommodating these design preferences, Maharashtra aims to attract more investments in commercial real estate and boost urban development.

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..