Thiruvananthapuram Corp to re-tender housing project after 15 years
Real Estate

Thiruvananthapuram Corp to re-tender housing project after 15 years

The local authority has chosen to re-tender the Poonkulam housing project after 15 years, terminating Nirmithi Kendra's contract at its own risk and expense. The corporation made the decision to onboard Col...

The local authority has chosen to re-tender the Poonkulam housing project after 15 years, terminating Nirmithi Kendra's contract at its own risk and expense. The corporation made the decision to onboard College of Engineering, Thiruvananthapuram to conduct a stability audit on the Poonkulam construction project that had not moved forward since 2010. With a 12 per cent beneficiary contribution, about Rs 120,000 was given for the building of homes with two rooms, a kitchen, and a bathroom, with a plinth area ranging from 30 to 60 sq m. Four phases of project implementation were envisaged, costing a total of Rs 2.08 billion.

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Infrastructure Energy

Wattsun Energy gets 1 MW, Enerture Tech wins 2 MW ANERT solar bids

The Agency for New and Renewable Energy Research and Technology (ANERT) has planned a series of tenders to install rooftop solar panels on 300 government buildings as part of the Thiruvananthapuram Corporation. These initiatives aim to equip various government departments, including education, all government schools, headquarters, and hospitals, with rooftop solar systems ranging from 2 kW to 2 MW. The release of these tenders took place in January 2023. For rooftop solar projects up to 50 kW, a total of 70 sites have been selected for the installation projects.

Solar panels have ..

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Real Estate

After 15 years Thiruvananthapuram Corp to re-tender housing project

Although the civic authority takes pleasure in putting housing ideas into action, it was forced to withdraw the contract for the Poonkulam housing project 15 years after the scheme's inception. The local authority has chosen to re-tender the project after terminating Nirmithi Kendra's contract at its own risk and expense. The corporation made the decision to onboard College of Engineering, Thiruvananthapuram to conduct a stability audit on the Poonkulam construction project that had not moved forward since 2010.

The corporation gave Nirmithi Kendra the order to finish the remainin..

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Real Estate

Tax Adalat to address property tax issues from 22 November

The tax adalat in Thiruvananthapuram city will soon address the issues of the property tax dues and will begin on 22 November 2021.

Thiruvananthapuram Corporation will organise tax adalat to address the issues of property tax payment in the city following allegations of fund fraud in zonal offices.

Mayor Arya Rajendran said that the 4.5 lakh tax assessments would be completed in a month, after which the adalat would be held.

The city corporation has planned to provide a platform to the residents to raise complaints online if they find irregularities in tax dues.

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Real Estate

Residents Sceptical of Sahastradhara Road Widening

Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.

The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..

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Real Estate

Warburg Pincus Acquires Shriram Housing Finance

Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.

Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..

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