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Other Developments
A curated list of other prominent stories from this day.
11:34 PMEconomic Times Realty
Maharashtra deputy CM sets three-year deadline for housing projects
Summary
Maharashtra Deputy Chief Minister Eknath Shinde set a three-year completion deadline for housing and redevelopment projects and said builders who meet timelines and quality standards will get priority for future government contracts. He also pledged faster clearances, smoother administration, and an ускорated push for cluster redevelopment to move Mumbai and Thane toward slum-free housing.
Why it matters
A credible three-year clock could shift Mumbai region redevelopment from open-ended delays to enforceable timelines, reshaping project economics and resident outcomes.
Builder ‘abandons’ commercial project after keeping buyers waiting for decades
Summary
Purearth Infrastructure Ltd has told Delhi RERA it is abandoning a commercial project at Central Square Complex more than 30 years after bookings, citing the absence of sanctioned building plans. The developer says it will refund buyers with interest after prolonged delays and litigation.
Why it matters
It tests whether RERA can deliver timely restitution in stalled commercial projects and deters developers from collecting money before securing sanctioned plans.
West Bengal government sends three-page SOP form to builders for construction audit
Summary
West Bengal has issued a new SOP that requires builders to submit detailed project disclosures to local borough offices as part of a construction audit and inspection process. Developers say the decentralized filing and inspection route should speed clearances while tightening checks after the Taratala warehouse collapse.
Why it matters
It raises compliance costs but could reduce sudden site stoppages and unlock faster approvals for builders who can meet the new disclosure and inspection bar.
AU Real Estate’s Mixed Reality Print Campaign Achieves Record 4.5% Response Rate, Setting New Benchmark for Phygital Real Estate Marketing
Summary
AU Real Estate says its mixed reality print campaign for Cosmos Corner delivered a 4.5% response rate after running across major national and Hindi newspapers. The campaign used a single scan to launch an immersive brand experience positioned as a “phygital” approach to real estate marketing.
Why it matters
A high reported response rate raises the performance bar for real estate advertising and could redirect spend toward trackable, immersive campaigns that generate qualified enquiries.