Maharashtra's new housing policy to be released before elections

30 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)

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..