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

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..