Odisha Authority Cancels Registrations of Two Housing Projects

17 Apr 2025 CW Team

Flat buyers in two housing projects are facing uncertainty after the Odisha Real Estate Regulatory Authority (ORERA) revoked the registration certificates for both developments. The move comes after the developer was accused of using railway land to construct an approach road to the flats, allegedly without proper approvals.

The projects, located in Bhubaneswar's Mancheswar area, are now under scrutiny. ORERA has cancelled the registration certificate for one project while giving the developer two months to secure a no-objection certificate (NOC) from the railways for the other.

Previously, ORERA had frozen the bank accounts linked to the firm Harshapriya Neelachal, which is behind the 'HN Courtyard' and 'Mahalakshmi Nivas' projects. Additionally, the authority has imposed a sales ban on the unsold flats in the Mahalakshmi Nivas project.

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..