Residents in Madambakkam, Chennai, have banded together to stop a housing project near the local lake, voicing concerns over potential flooding. Despite the developer's assurances, the community remains skeptical and determined to protect their area.
FloodingHousing ProjectCommunity ActionMadambakkam LakeEnvironmental ConcernsReal Estate NewsMar 13, 2025

The main concern of the residents is that the housing project near Madambakkam lake could lead to severe flooding, exacerbating existing waterlogging issues and posing a risk to their homes and community.
The realtor claims to have raised the land and implemented flood mitigation measures to address the concerns. They have also received necessary approvals from local authorities.
The local government has convened meetings to address the community's concerns and is working with environmental experts and civic officials to assess the risks and propose alternative plans.
Environmental activists are supporting the community by highlighting the project's potential violations of environmental regulations and emphasizing the need for sustainable urban planning that protects natural resources.
The stand-off has sparked discussions about the role of local governance in balancing development with environmental and social responsibilities. The outcome could set a precedent for future developments in the region, emphasizing the importance of community involvement and sustainable planning.

Despite the recent slowdown, Gujarat's real estate market remains a promising growth hub, driven by infrastructure development and government initiatives.

Nitco Ltd's sale of a 16,250 sqm land parcel in Kanjurmarg East to Runwal Group for INR 232 crore highlights the high demand for prime Mumbai real estate and the company's focus on optimizing its asset portfolio.

The acquisition of a high-value property by Yatin Shah, co-founder of 360 ONE, underscores the increasing demand for luxury real estate in Mumbai, particularly in South and Central areas.

The Haryana Real Estate Regulatory Authority (Hrera) in Gurugram has issued a stern warning to real estate promoters for failing to submit their mandatory annual reports. The authority has imposed a fine of Rs 0.5 million on the non-compliant developers.

A recent Credai-KPMG report highlights Pune's leading position in the Indian real estate market, particularly in the development of senior living homes. The report emphasizes the growing demand for well-being-focused housing for the elderly.

Families and survivors of the 2008 Mumbai attacks are calling for the extradition and strict punishment of Tahawwur Rana, a key suspect in the terror operation. Sanjana Shah, daughter of real estate magnate Pankaj Shah, who was killed during the attack on Hotel Oberoi, has been a vocal advocate for justice.