NAREDCO demands one-time loan restructuring for stuck realty projects

Indian Airports Shift to Green Energy with Solar Power

India is leading a solar revolution in aviation, with more than forty-four airports operating fully on renewable energy as of mid-2023. Over one hundred and twenty airports are expected to become carbon-neutral by 2025, marking a major shift in sustainable infrastructure.The movement began with Cochin International Airport, the world’s first fully solar-powered airport in 2015. Its solar farm has grown from twelve megawatts to fifty megawatts, producing over seventy million units annually and offsetting more than 1.5 million tonnes of carbon dioxide. This success has inspired similar initiat..

ED Searches 13 Locations Linked to Illegal Buildings in Vasai

The Mumbai Enforcement Directorate (ED) searched thirteen locations in Vasai and Virar linked to builders involved in constructing 41 illegal buildings on a 60-acre plot earmarked for public projects. These premises were connected to those responsible for unauthorised constructions in the Vasai-Virar Municipal Corporation (VVMC) area.The 41 illegal buildings were demolished by VVMC over twenty-two days earlier this year following Bombay High Court orders. The ED’s probe began after multiple first information reports by the Mira-Bhayandar police related to the illegal constructions.The ED fou..

RERA Orders Builder to Refund Buyers for Project Delay in Telangana

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered R Homes Realtors Global LLP to refund six buyers for delays in completing a residential project at Beeramguda. The buyers had booked flats in Jai Vasavi’s ORR Heights in 2021, paying over Rs eight million.The builder promised construction would start by January 2022 and flats would be handed over within thirty months of approvals. However, even after more than two years, only initial digging work was done. The builder changed building plans from five floors to nine without informing buyers or obtaining consent.RERA found tha..