RICS India Real Estate: Housing Conference
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
India Unveils Ambitious EV Charging Framework
On September 17, 2024, the Indian government introduced a comprehensive plan to boost electric vehicle (EV) adoption by expanding charging infrastructure nationwide. The guidelines target urban areas with a dense network of EV charging stations every square kilometer by 2030. Fast-charging stations will be installed every 100 kilometers on major highways and expressways, promoting long-range EV use. Sustainability is a key focus, with the new framework encouraging solar energy integration into charging stations and offering lower electricity rates during peak solar hours. To further drive grow..
Madurai-Sivaganga Road Expansion Faces Delays
The expansion of the Madurai-Sivaganga Road into a four-lane highway, part of the ?150 crore Melamadai Grade Separator project, is delayed due to ongoing land acquisition issues. The state highways department has issued notices to 60 landowners, asking them to finalize compensation within one month. The project covers a 2-km stretch from Anna Bus Stand to Aavin Junction, including key junctions like Collector's Office and Melamadai. The road will be widened from 7-11 meters to a standard 19 meters, incorporating a center median and stormwater drains to improve traffic flow in this busy corrido..
NCLT Orders Response to Supertech Homebuyers
The National Company Law Tribunal (NCLT) has directed Interim Resolution Professional (IRP) Hitesh Goel to respond to applications filed by representatives of over 26,000 homebuyers of Supertech Ltd. These homebuyers, represented by authorized representatives and association post holders, seek protection of their rights across eleven Supertech projects, including North Eye, Ecociti, Cape Town, and Ecovillage in Noida and Greater Noida, as well as projects in Gurugram and Bengaluru. The homebuyers are supporting the National Buildings Construction Corporation (NBCC) to take over the projects, p..