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When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
02 Apr 2025
The Maharashtra government is set to introduce a new policy aimed at encouraging the construction of iconic buildings in Mumbai. Deputy Chief Minister Shri Eknath Shinde announced the initiative in the legislative council, highlighting that historic structures from the British era have shaped Mumbai's identity. The proposed policy is expected to not only facilitate such constructions but also boost tourism. To address restrictions under existing development control rules, Shinde has directed the civic body to make necessary amendments under the Maharashtra Regional Town Planning Act, Section 37 (1).
01 Apr 2025
The Adani Group has proposed developing a Special Economic Zone (SEZ) within its 600-acre Shantigram Township near Ahmedabad to spur business activity and investment. The company has requested over 29,800 sq. m. of land in Ahmedabad and 63,334 sq. m. in Gandhinagar, offering equivalent land in return. The township, home to 7,000 families, already houses luxury residences, offices, and recreational spaces. The SEZ is expected to attract firms, generate employment, and elevate regional infrastructure. While pending state approval, the project mirrors Adani's earlier success with Mundra SEZ, and may significantly strengthen Gujarat's industrial and economic profile.
01 Apr 2025
The long-awaited reopening of Mumbai's Gokhale Bridge is scheduled for May 15, marking a significant milestone in the city's infrastructure overhaul. Originally built in 1975, the bridge partially collapsed in July 2018, leading to its eventual demolition in November 2022. The reconstruction, costing INR 232 crore, faced multiple delays but is now nearing completion. The eastbound arm is already operational, while the westbound section will soon follow. The reopening is expected to ease congestion between Andheri East and West, restoring a crucial commuter link that was severed for years. However, concerns remain over alignment mismatches with the existing road network, which could lead to additional challenges.
01 Apr 2025
The newly redeveloped airport in Hisar, Haryana, constructed at a cost of approximately INR 1,500 crore, is set to boost regional connectivity and specialised air services. Expected to be inaugurated by 14 April, the airport has received all regulatory approvals for operations. The expanded facility spans over 7,000 acres and includes an Integrated Manufacturing Cluster, an aviation academy, and a maintenance, repair, and overhaul (MRO) facility. Alliance Air is expected to launch the first flight to Ayodhya, with other airlines also showing interest. The Airports Authority of India (AAI) will manage operations, offering incentives like low VAT on jet fuel and State-backed viability gap funding (VGF).
01 Apr 2025
The Brihanmumbai Municipal Corporation (BMC) is launching a digital dashboard to provide real-time updates on its 400-km road concreting project. Designed for internal use, the system will enable senior officials to monitor progress efficiently. An appointed agency will update project data, track roadworks, and address challenges. The INR 12,000-crore initiative aims to complete 75% of phase one and 50% of phase two by June 2025. While initially for internal use, the dashboard may be made accessible to citizens in the future, enhancing transparency in Mumbai's road development efforts.
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31 Mar 2025
A major incident occurred at the bullet train construction site in Ahmedabad, where a girder-launching crane collapsed between two pillars on the project near Vastral Road. The accident, which took place late at night, led to at least 51 trains being rerouted but resulted in no casualties. According to the Ahmedabad Fire and Emergency Services (AFES), the crane slipped from its position while launching a concrete girder. The National High-Speed Rail Corporation Limited (NHSRCL) confirmed that the structure remained undamaged, and restoration efforts involving heavy-duty road cranes have commenced.
31 Mar 2025
The Jawaharlal Nehru Port Authority (JNPA) has announced plans to construct an iconic high-rise corporate office at Mallet Bunder in Mumbai. The 20-floor building, adjacent to the Ferry Wharf and Mumbai Cruise Terminal, will be developed at an estimated cost of INR 1,000 crore. The Mumbai Port Authority has allotted a 12,804 sq. m. plot for this project. The building will also house offices of key port-related organisations, including DG Shipping, IPGL, and IPA. JNPA has received in-principle approval from the Ministry of Ports, Shipping & Waterways. The office will feature a digital observatory, a state-of-the-art auditorium, and a ground-floor canteen. Engineers India Ltd. has been appointed as the project consultant for structural design, engineering, and construction management. The project is expected to be completed within two years after obtaining the necessary approvals and permissions.
31 Mar 2025
Telangana IT and Industries Minister D. Sridhar Babu announced three new master plans-comprehensive mobility, economic development, and blue-green infrastructure-as a part of the Mega Master Plan 2050 for Hyderabad's metropolitan region. The existing five master plans are nearing their expiration, prompting the government to engage the global consultancies for the new plans. The government aims to make Hyderabad a model for sustainable development through the projects like metro expansion, Musi rejuvenation, and improved utilities. With rapid urbanization, 18 new municipalities and 75 gram panchayats are being added.Read more
31 Mar 2025
The National Highways Authority of India (NHAI) has raised INR 18,320 crore through the monetization of 11 operational highways via the National Highways Infra Trust (NHIT), marking India's largest road sector monetization to date. The 844-km portfolio spans five states, including Andhra Pradesh and Uttar Pradesh. The deal saw INR 8,340 crore in equity and INR 10,040 crore in debt, with EPFO investing INR 2,035 crore in its first-ever InvIT stake. NHIT now manages 26 toll roads totaling 2,345 km. The move highlights rising investor confidence in India's infrastructure and sets a precedent for future public-private funding models.Read more
28 Mar 2025
The Airports Authority of India (AAI) has initiated the next step in Coimbatore airport's expansion by issuing a tender worth INR 29 crore to construct a 16.7 km precast boundary wall, with completion expected in 456 days. The tentative master plan outlines a two-phase project featuring a new passenger terminal with 20 aerobridges, a cargo terminal, an air traffic control-cum-technical building, and an extended runway from 2,990 to 3,810 meters. Additional facilities will include a bus stand, multilevel parking, a new approach road, and three hotels. Passenger capacity is projected to surge from 3.63 million to 15 million annually by 2030, with daily flights increasing from 33 to 60. Minor modifications to the plan are underway to address structural considerations.
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