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Hans India
2 days ago
- General
- Hans India
Green message echoes at Bapu Museum
Vijayawada: The Bapu Museum here observed World Environment Day 2025 with a meaningful sapling plantation drive aimed at promoting environmental stewardship and sustainability. As part of the initiative, KV Krishnaiah, chairman of Andhra Pradesh Gazetted Officers' Joint Action Committee (APGOsJAC), and P Suresh, Deputy Director of the Department of Archaeology and Museums jointly planted a Rama Phalam (Annona Squamosa) sapling in the museum premises. The programme witnessed the enthusiastic participation of officials, staff members, and local stakeholders, who came together to emphasise the need for collective responsibility in preserving nature. Speaking on the occasion, the dignitaries highlighted the critical role that such small but significant acts—like tree planting—play in building long-term ecological resilience. This year's Environment Day theme, 'Land restoration, desertification, and drought resilience,' served as a guiding message for the event. The participants reiterated the urgency of land conservation and drought mitigation efforts in the face of climate change and environmental degradation. The plantation drive served as a call to action for citizens to contribute actively to environmental preservation. The event concluded with a pledge to continue similar green initiatives across other heritage and institutional locations in the state. Chairman of Andhra Pradesh Gazetted Officers' Joint Action Committee (APGOsJAC) KV Krishnaiah, and Deputy Director of the Department of Archaeology and Museums P Suresh jointly planting a sapling on the museum premises in Vijayawada on Thursday
Time of India
18-05-2025
- Business
- Time of India
Affordable housing faces tough times on rising costs
Chennai: Despite reduction of unsold stock inventory and signs of recovery in the affordable housing segment, it has not enthused developers. Poor conversion rates, spiralling construction costs and unsustainable margins are posing a grave challenge to the affordable housing market. This has resulted in several developers keeping away from launching new projects in the segment. Their reluctance is despite a huge opportunity in this space over the next five years. A report by CII and Knight Frank has projected the cumulative affordable housing demand to reach 31.2 million units with an estimated market size of Rs 67 trillion by 2030. Anarock research has found that unsold inventory in the affordable housing segment ( P Suresh, MD of Chennai-based affordable housing developer Arun Excello said, 90% of developers have shifted out of the affordable housing segment post-Covid in Tamil Nadu. "The pandemic impacted lower salaried employees, who were the core customers of affordable housing. Also, govt's incentives for affordable housing homebuyers were withdrawn. Subsequently, those buying properties for the purpose of rentals did not pursue their interests," he said. The company still continues with affordable housing projects around the city. Affordable housing units are those with a carpet area of up to 60 sq m in metropolitan cities and 90 sq m for non-metropolitan cities that are priced less than Rs 45 lakh.
