The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
AHMEDABAD: In what may come as a setback for AMC, the union ministry of urban development has sent a report highlighting shortcomings in the JNNURM projects implemented in Ahmedabad city. Union minister Kamal Nath, in his letter of April 25, 2012, has informed the state government to take "immediate actions" …
The Adarsh housing society does not have any clearance from the Central environment ministry, and the construction of the building is therefore illegal, the director of the ministry told the Adarsh commission looking into the controversy on Thursday. The statement has brought the issue of environmental violations in the society …
MUMBAI: The Union Ministry of Environment and Forests on Wednesday put the state government in the dock before the Adarsh commission. MoEF Director A Senthil Vel told the commission that the "Maharashtra experience" was one of the reasons why the Centre decided to take away the powers of the state …
Himachal Pradesh Cabinet on Monday instituted a committee under the chairmanship of chief secretary to consider proposed amendments in the Town and Country Planning Act for regularisation of constructions. However, it postponed the decision on relaxing ban in the green area for new constructions on ‘sandwiched’ vacant plots. Stating this …
MUMBAI: A senior officer of the Union ministry of environment and forests (MoEF), Dr A Senthil Vel, will on Wednesday take the witness stand before the judicial commission inquiring into the Adarsh scam. Senthil Vel's evidence would be crucial as it was his letter that was misinterpreted as environmental clearance …
Almost 10 months after the Central government’s flagship scheme Rajiv Awas Yojana (RAY) was launched in Maharashtra, the state government has been able to zero in on merely two projects to be sent to the Centre for approval under the scheme. While the state government was to address the issue …
Escrow account, routing of fund through specified agencies under consideration, real estate bodies want clarity in definition The finance ministry is building safeguards to ensure realty companies do not misuse the external commercial borrowing (ECB) window announced in the Budget by diverting the money. A senior official told Business Standard …
The Bombay High Court on Thursday directed developer Niranjan Hiranandani to submit a revised plan for building houses for middle and low-income groups in Powai to the Brihanmumbai Municipal Corporation (BMC). The civic body has been asked to take a decision on the new proposal by June 15. The court …
Developers dejected as govt rules out repeal of Urban Land Ceiling Act The promise of Ma, Mati, Manush governance by Mamata Banerjee may fall short of the second M-word, meaning land — at least for real estate developers in the state’s capital city. For, the West Bengal government has now …
The controversial Lavasa Hill City project in Pune district has attracted the Comptroller and Auditor General of India's attention. Lavasa is being developed by the HCC Group. The CAG, in its latest report, said: “The project was driven by private interest rather than public interest. The State Government gave environmental …
Vellalore chosen for reconstruction of the 144 dwelling units For the reconstruction of the 144 dwelling units at Ammankulam, found structurally unstable, the Tamil Nadu Slum Clearance Board (TNSCB) has identified a new site —Vellalore. Sources in the district administration and the Board say that after a formal approval and …
The tribunal has asked the MoEF and the state of Maharashtra to file their replies on Lavasa's plea The National Green Tribunal today deferred the hearing of Lavasa Corporation Ltd's petition challenging the environment ministry's decision to impose conditions with the environmental clearance accorded to the firm's $31 billion hillside …
The Maharashtra government tabled a legislation in the state assembly on Wednesday to bring the much-needed transparency and discipline in the realty sector, and protect the interests of flat buyers. The Maharashtra Housing (Regulation and Development) Bill also proposes to repeal the Maharashtra Ownership Flats Act, 1963, envisaging establishment of …
A Bill to regulate and promote the construction, sale, management and transfer of flats on the ownership basis in the State of Maharashtra and to establish the Housing Regulatory Authority and Housing Appellate Tribunal and to provide for matters connected therewith or incidental thereto.
India now has the largest number of green buildings after the US, with one billion sq. ft. The US is ahead with over three billion sq. ft under green building cover. “This is a major milestone for a country which has had its first registered green building only in 2003. …
The BWSSB is all set to disconnect water supply to houses, whose owners have failed to install rainwater harvesting (RWH) structures. T Venkataraju, engineer-in-chief, BWSSB, said he has already instructed his executive engineers in various divisions to carry out inspections. “I have asked the engineers to visit the houses that …
NABARD extending big assistance The government has sanctioned Rs.1,000 crore for the Public Works Department (PWD) to take up works of road and construction of bridges.The funds have been made available for the Rs.701-crore projects announced in the last budget and for the Rs.291.33-crore road development project being implemented with …
Questions the right to grant provisional regularisation without prior scrutiny or verification of their existence Delhi Lokayukta Manmohan Sarin has issued a show-cause notice to the Delhi Government seeking a clear answer as to whether provisional regularisation certificates could have been granted to unauthorised colonies without verification of their existence …
External lenders may not find low-income or affordable housing attractive, due to the low profit margins and high risk A proposal has been mooted for all external commercial borrowing (ECB) for affordable housing to be routed through the National Housing Bank (NHB), mooted by the latter. Many in the real …
KOCHI: It was part of the efforts to regulate the increasing number of highrise buildings that the Ministry of Environment and Forests (MoEF) issued a fresh set of guidelines towards getting environmental clearance for high-rise buildings in three states, including Kerala. According to the new set of rules, any high-rise …
