Maharashtra?s new housing policy to be released before elections

29 Aug 2024 CW Team

Maharashtra?s new housing policy will be introduced before the upcoming Assembly elections, said Deputy Chief Minister Devendra Fadnavis. Speaking at the launch of a coffee table book titled ?Nave Kshitij?, organised by Marathi daily Loksatta, Fadnavis highlighted that the state's slum redevelopment proposal, concerning land owned by the airport authority and railways, is in its final stages and is expected to receive clearance soon.

If approved, the proposal could unlock 80 to 100 acres of land. While part of this land would remain under the control of the railway and airport authorities, a portion would be allocated to the state government for housing projects.

Fadnavis emphasised that the new housing policy would address various aspects to improve quality of life, including comprehensive town planning, infrastructure, basic amenities, drinking water, and sewage disposal. He also noted that significant parcels of underutilised central government land have been encroached upon illegally, and slum redevelopment on these lands could free up space for both central and state use.

Highlighting the challenges faced by Mumbai, Fadnavis remarked that the city was at risk of losing its prominence, with companies in the information technology sector favouring Bengaluru and Chennai. He credited the current government with revitalising Mumbai through major infrastructure projects, providing the city with a renewed sense of growth and opportunity. (IE)

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..