Union Minister Inspects Slab Track System for Bullet Train Project
RAILWAYS & METRO RAIL

Union Minister Inspects Slab Track System for Bullet Train Project

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.

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.

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Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

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Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

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Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

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