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When should a housing society in Mumbai start considering re...
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Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
28 Mar 2025
Noida International Airport is expected to begin domestic operations in June, with stakeholders aiming to complete internal construction of the terminal's domestic section by mid-to-late May. Regulatory clearances are anticipated between May 15 and 25, after which trial operations will commence, requiring an additional two to three weeks for full functionality. While over 90% of construction work is complete, the international wing of the terminal is set to be operational only by June 25, 2025. Authorities will conduct security inspections before granting approvals. Meanwhile, the Air Traffic Control (ATC) tower is scheduled to be functional by mid-April, facilitating smoother coordination.
28 Mar 2025
Kinet Rail Solutions, an Indo-Russian joint venture, has sought a working capital loan of INR 450-500 crore from Punjab National Bank (PNB) to begin next year's Vande Bharat sleeper train production at its Latur facility. Backed by Russia's Sberbank Rossi as a guarantor, the company plans to manufacture 120 semi-high-speed trains under a contract awarded in September 2023. Delays in train configuration discussions had earlier stalled funding, but with the Railways reverting to the original 16-coach plan, production is set to proceed. The prototype is expected by June 2026, followed by testing and full-scale manufacturing.
28 Mar 2025
Maharashtra Chief Minister Shri Eknath Shinde has announced that all street concretization work in Mumbai will be completed by May 31. The initiative, which began in January 2023, covers over 20 major roads and has faced criticism over delays and disruptions. In a recent review meeting, Shinde assured MLAs that the project would be expedited and addressed concerns regarding road quality and slow execution. Deputy Chief Minister Shri Devendra Fadnavis also emphasized the government's commitment to achieving full concretization of Mumbai's roads by 2027.
28 Mar 2025
Mumbai's historic Elphinstone Road Overbridge (ROB), built 125 years ago during the British era, will be closed by April 10, 2025, to make way for a double-decker bridge under the Sewri-Worli Elevated Connector project. The MMRDA has nearly completed all clearances, including one from Mumbai Traffic Police, to begin demolition before the monsoon season. The ROB connects Prabhadevi and Parel, both key commercial and hospital zones. Traffic diversions via Curry Road and Tilak Bridge and new pedestrian FOBs will aid movement. One level of the new bridge is expected by April 2026, promising improved long-term connectivity and safety.Read more
28 Mar 2025
Bengaluru is moving ahead with plans for a second international airport to meet its rising air traffic. The Airports Authority of India will conduct a feasibility study from April 7-9, 2025, on three shortlisted locations: two near Kanakapura Road and one near Magadi-Nelamangala. With KIA projected to reach 92 million passengers by 2033, the study-funded by INR 1.21 crore from KSIIDC-will assess technical and environmental viability. The move anticipates the end of a 150-km exclusivity clause by 2033. Like Mumbai's Navi Mumbai airport and Delhi's Jewar airport, Bengaluru aims to expand capacity in time for its future growth.Read more
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27 Mar 2025
A state-of-the-art bus plant near Vijayawada, Andhra Pradesh, was inaugurated by Ashok Leyland, a member of the Hinduja Group, to increase its manufacturing footprint. The facility aims to enhance production capacity for both conventional and electric buses, including models under Switch Mobility. The plant was inaugurated earlier this week by Andhra Pradesh's IT and HRD Minister, Nara Lokesh, and symbolised a collaborative push towards eco-friendly transport solutions in the region. The plant will manufacture 4,800 units annually and includes sustainability-driven features such as solar power, water conservation systems, and zero liquid discharge, alongside training centres to upskill the local workforce.
27 Mar 2025
The Ministry of Road Transport and Highways (MoRTH) has revealed that Gujarat's Bharthana toll plaza on NH-48 topped the list of India's highest toll collectors, amassing INR 2,043.81 crore between FY 2019-20 and FY 2023-24. Rajasthan's Shahjahanpur plaza on the Delhi-Mumbai corridor followed with INR 1,884.46 crore, and West Bengal's Jaladhulagori plaza ranked third, collecting INR 1,538.91 crore. Other major contributors include toll plazas in Uttar Pradesh, Haryana, Tamil Nadu, and Bihar. Collectively, the top-10 plazas accounted for INR 13,988.51 crore, over 7% of the national total of INR 1.93 lakh crore collected from 1,063 toll plazas across India during the same period.
27 Mar 2025
Madhya Pradesh has allotted 486.6 hectares of land in the Shajapur and Dewas districts to develop the Polay Kalan-Pipalrawan industrial area as a priority sector project. The Madhya Pradesh Industrial Development Corporation (MPIDC) is overseeing the INR 200 crore project, with completion targeted by 2028. The industrial block will include modern infrastructure, incentives for industries, and dedicated zones for MSMEs. The master plan features a central entrance, 26 km of internal and external roads, commercial spaces, residential areas, and essential amenities such as hospitals, police outposts, banks, and utility infrastructure. Water will be sourced from the nearby Kali Sindh River.
27 Mar 2025
The East Coast Railway (ECoR) has outlined an INR 250 crore plan to transform Bhubaneswar New railway station into a major commercial and transport hub, similar to the existing Bhubaneswar station. The project, discussed with state officials earlier this month, will feature commercial high-rise towers, including corporate offices, shopping malls, and business spaces, with about 10 lakh sq ft of commercial development. The state government has given in-principle approval for a new road project connecting Raghunathpur to the station, aiming to improve access and turn it into a full-fledged terminal. Currently underutilized due to poor connectivity, the station is expected to ease congestion at Bhubaneswar and Cuttack stations and handle significantly higher passenger traffic once the infrastructure is upgraded.
27 Mar 2025
The Indian government has set a target to construct 10,000 km of highways in FY26, slightly lower than the previous year's goal. As part of the plan, authorities aim to monetize road assets worth INR 30,000 crore through mechanisms like infrastructure investment trusts and toll-operate-transfer models. Additionally, 1,100 km of highways in the northeast states will be developed, while a high-speed corridor network covering 5,800 km is expected to be operational. The construction roadmap also includes upgrading 1,100 km of expressways and 750 km of tribal roads, with INR 15,000 crore expected to be raised through monetization efforts.
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