India Unveils Ambitious EV Charging Framework
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
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..
Finance Minister Reviews Urban Capex Plan
Union Finance Minister Nirmala Sitharaman reviewed the capital expenditure (capex) plans of the Ministry of Housing and Urban Affairs, emphasizing the timely and effective utilization of funds, particularly for the Pradhan Mantri Awas Yojana (Urban) scheme, which aims to address affordable housing in urban India. Sitharaman stressed the importance of accelerating the scheme's progress to meet the country’s housing needs. As part of the ongoing reviews of ministries with significant capex allocations, the meeting focused on ensuring the efficient use of the ?28,628 crore earmarked for the fin..