Funding shortage stalls PMAY in Ranchi, leaving projects incomplete

21 Feb 2024 CW Team

The housing crisis in Ranchi deepens as PMAY faces a funding shortage, leaving a trail of incomplete projects in its wake. The initiative, designed to provide affordable housing to eligible beneficiaries, now encounters obstacles that compromise its ability to fulfil its objectives.

With homes left in limbo due to the fund depletion, the plight of individuals eagerly anticipating their dream homes under PMAY comes to the forefront. The funding constraints not only disrupt the construction timeline but also raise concerns about the overall effectiveness and sustainability of the affordable housing initiative in Ranchi.

As the community grapples with the repercussions of stalled projects, there is a growing call for swift government intervention and renewed financial allocations to revitalise the PMAY in Ranchi. Addressing the funding shortfall becomes imperative to ensure the timely completion of housing units and to honour the commitment of providing affordable housing to those in need.

Infrastructure Urban

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..