Union Minister Inspects Slab Track System for Bullet Train Project

03 Dec 2024 CW Team

The builder of Chintels Paradiso has submitted an application to the Department of Town and Country Planning (DTCP) seeking approval to redevelop the Sector 109 society in phases. A report on the proposal is expected to be sent by the DTCP headquarters to its enforcement wing in Gurgaon shortly. If approved, the redevelopment will involve reconstructing the towers declared unsafe in one phase and repairing the habitable ones in another. Out of the nine towers in the society, six have been officially deemed unsafe by the district administration. Additionally, two more towers were identified as unsafe by the Central Building Research Institute (CBRI), which conducted structural audits at the builder’s request, although they have not been formally declared unfit for habitation. The builder believes this phased approach could expedite the reconstruction of unsafe towers, a prospect being closely watched by homebuyers. While the phased redevelopment could accelerate the process for residents of unsafe towers opting for reconstruction, concerns remain about the potential impact on overall timelines. Residents of habitable towers are particularly interested in understanding if significant layout changes or infrastructural upgrades are planned and whether these would require their consent. One resident voiced their concerns, stating, "We've been living in uncertainty for far too long. The phasing process might be a step forward, but our main concern is the timeline for redevelopment and whether it will truly address the safety issues." The proposal has raised both hope and apprehension among residents, highlighting the need for clear communication and efficient execution to address long-standing safety concerns and ensure timely redevelopment.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..