Track3D was established as a state-of-the-art platform that tackles significant inefficiencies in the construction sector by three specialists with varied backgrounds in robotics, artificial intelligence, and business strategy.

Max Estates, the Max Group's real estate subsidiary, received Noida Authority clearance to manage the 'Delhi One' commercial project in Sector 16B. The business settled dues of ₹613 crore.

The Dharavi Redevelopment Project Pvt Ltd (DRPPL), led by Adani Realty, seeks 334 tenements from government agencies like SPPL and Mhada to relocate residents and continue redevelopment. Negotiations are ongoing, with Mhada demanding Rs 641 crore in construction costs and interest.

The Maharashtra Housing and Area Development Authority (MHADA) has reduced plot contract violation fines. MHADA's six-month amnesty policy includes this decrease. Under certain scenarios, the programme reduces offenders' penalty costs.

According to an Anarock research, premium office space rental prices in seven major cities rose 7% year-over-year to Rs 83 per square foot per month in the first six months of the current fiscal. This is due to growing building prices.

Sanjay Dutt, the chief executive officer of Tata Realty and Infrastructure Ltd, recently remarked that the high cost of land, money, and construction, as well as other economic concerns, make Indian real estate projects unprofitable.

Developers and purchasers could profit from the recent measures announced by the government to reduce import levies on steel and plastic, as well as moves to enhance the supply of cement.

The development of green buildings should be promoted across the country and a campaign should be run to create awareness that difference in construction costs for such properties and conventional ones is marginal, a senior government official said on Thursday.