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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..