Government Urges Banks to List Stalled Projects

11 Mar 2024 CW Team

In a bid to address the challenges faced by stalled housing projects, the government has urged banks to compile a comprehensive list of such projects. This initiative aims to enhance transparency, streamline resolution processes, and provide a clearer picture of the status of distressed real estate developments.

The call for banks to list stalled projects reflects the government's commitment to tackling issues within the real estate sector and ensuring timely completion of housing projects. By encouraging transparency and collaboration between financial institutions and developers, the government seeks to expedite the resolution of stalled projects and mitigate the impact on homebuyers.

The compilation of a comprehensive list is expected to facilitate a more structured and targeted approach to resolving issues related to distressed projects. It will also enable authorities to identify key challenges, streamline regulatory processes, and devise effective strategies to rejuvenate the stalled real estate sector.

As the government takes proactive steps to address the concerns of both homebuyers and developers, the call for listing stalled housing projects underscores the need for collective efforts in revitalising the real estate industry. The initiative aligns with broader objectives to stimulate economic growth, ensure housing availability, and restore confidence in the real estate market.

Infrastructure Transport

17 Sep 2025

Titagarh Rail Systems Launches Third Diving Support Craft for Indian Navy

Titagarh Rail Systems (TRSL) marked another milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being constructed by TRSL under the Ministry of Defence’s Make in India initiative.The launch ceremony was graced by Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch. The vessel was side-launched into the Hooghly River at 16:10 hrs.Diving Support Crafts are catamaran-type vessels designed wit..

Concord Control Systems Secures First Kavach 4.0 Order via Progota India

Concord Control Systems (CNCRD), a leading manufacturer of embedded electronic systems and critical electronic solutions, has secured its first order for Kavach 4.0 through associate company Progota India. Valued at Rs 190.45 million, the order represents the start of large-scale implementation opportunities for advanced railway safety systems in India.With this milestone, Concord will become one of the few railway companies to have a fully developed Kavach system approved for supply to Indian Railways. The next-generation Kavach has successfully advanced through the stringent approval journey..

Awfis Delivers 67,000 sq ft Innovation Hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the country’s first publicly listed workspace solutions platform, has added eBay to its growing list of prestigious global capability centre (GCC) clients. Awfis has designed, built, and will manage a ~67,000 sq ft innovation hub for eBay at Embassy Tech Village, Bengaluru, supporting the e-commerce leader’s AI-first commerce strategy.The new centre will function as a strategic hub, advancing artificial intelligence, engineering, product development, and applied research, while further strengthening eBay’s growth in..