Weekend Digest- Trending Stories
Welcome to the latest edition of?PNT Real Estate Recap! Through our digital only newspaper, we aim to provide a 360 degree coverage of the latest events, stories, updates and occurrences from the real estate industry.
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The average flat sizes across seven major Indian cities increased by 8% annually in 2024, reaching 1,540 sq ft compared to 1,420 sq ft in 2023, as per Anarock's report. Over a six-year period, flat sizes rose by 34%, with notable growth in NCR (29%) and Bengaluru (30%). Hyderabad saw a decline in average flat sizes. Luxury housing supply in NCR surged, reducing affordable housing's share. Cities like Pune, Kolkata, and Chennai also recorded steady increases, reflecting changing consumer preferences for larger homes.
The National Green Tribunal (NGT) has independently addressed illegal mining activities that caused the leveling of an Aravali Hill along the Haryana-Rajasthan border. Acting on a report, the tribunal highlighted widespread violations by the mining mafia, who detonated protected hillocks in Nuh and exploited regulatory gaps in neighbouring Rajasthan. Officials from Haryana’s mining department confirmed fresh evidence of stone extraction, estimating the loss of 6,000 metric tonnes of material. The NGT directed pollution control boards, the Union Ministry of Environment, and district magistrates of Nuh and Bharatpur to respond via affidavits before the next hearing scheduled for May 5.
Ghaziabad: GDA to recover INR 200 crore from Vaishali property owners decades after land acquisition
The old Kasheli Creek bridge on the Mumbai-Nashik Expressway remains structurally sound despite a partial median collapse, according to MSRDC officials. Major repairs will commence after the new adjoining bridge, currently 70% complete, opens by mid-year. The old bridge, built in 1985, is a vital link for heavy commercial traffic and part of the Samruddhi Mahamarg. Once the expansion is complete, the old bridge will serve Thane-bound traffic, while the new bridge will handle Nashik-bound vehicles. As part of a broader INR 1,000 crore highway expansion, this project enhances connectivity, supports logistics, and strengthens Maharashtra’s transport infrastructure.
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