Afcons Infrastructure Wins Bid for Thane Tunnel Project

Noida Adopts Mumbai Model to Redevelop Ageing EWS Flats

In a strategic bid to revitalise central urban areas and address long-pending housing backlogs, the Noida Authority has approved a new redevelopment policy modelled on Mumbai’s successful approach. The policy will involve the demolition of ageing economically weaker section (EWS) flats and the construction of modern, larger homes, while unlocking additional Floor Area Ratio (FAR) for developers to build saleable units.“We have identified four to five dilapidated buildings. When these were constructed, the FAR was 1.5; it now stands at 3.5,” said an official from the Noida Authority. Requ..

Wipro Expands in Airoli With Rs 2.5 Cr Monthly Lease

IT services major Wipro Limited has expanded its commercial footprint by leasing 3.87 lakh square feet of office space in Mindspace Business Parks, Airoli, near Mumbai. According to property registration records accessed by Propstack, the lease is valued at a monthly rent of approximately Rs 24.8 million.This new lease adds to Wipro’s existing occupancy of 3.45 lakh square feet within the same business park. The agreement with Mindspace Business Parks Private Limited began on 31 July 2024 and spans a 10-year term.Wipro will occupy eight consecutive floors—from the 4th to the 11th—with a ..

Delhi May Adopt Dharavi Model for Slum Redevelopment

Delhi Chief Minister Rekha Gupta announced on Friday that the government is exploring the adoption of Mumbai’s Dharavi redevelopment model as a template for upgrading 675 slum clusters across the capital. The move is part of a broader push for structured and sustainable urban renewal.Gupta emphasised that her government does not intend to carry out indiscriminate demolitions. “Demolishing houses is not our aim. But it should not happen that we continue allocating homes while slums remain occupied,” she said. She also clarified that slum dwellers located near railway lines should consider..