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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...
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Stay ahead in the world of real estate with our daily podcas...
27 Mar 2025
Ten industries have been allocated approximately 124 hectares in the developing Sector 7 industrial area in Pithampur, while discussions are ongoing with five more companies. Madhya Pradesh Industrial Development Corporation (MPIDC) has facilitated these allotments to firms such as Sai Machine Tools, Aquatic Pipes & Tubes Pvt Ltd, and Mantram Industries Pvt Ltd. The combined investment from these industries is projected at nearly INR 3,000 crore, with an estimated employment generation of around 6,000 jobs. To accommodate further industrial growth, MPIDC is expanding its land bank, having pooled approximately 400 hectares from private owners, with over 150 hectares already receiving consent. The industrial belt, spanning more than 2,232 hectares, will require a development expenditure of approximately INR 2,400 crore. Under the land pooling scheme, the state government will compensate landowners with 20% cash and 80% in developed plots.
26 Mar 2025
The Maharashtra State Road Development Corporation (MSRDC) has announced a 19% hike in toll rates on the Samruddhi Mahamarg Expressway, effective from the next fiscal year. The expressway spans 701 kilometres, connecting Mumbai and Nagpur, with the current operational stretch covering 625 kilometres from Nagpur to Igatpuri. The final segment, from Igatpuri to Amane, is expected to open soon, reducing travel time between the two cities to just eight hours. Under the revised toll structure, light motor vehicles will pay INR 2.06 per kilometre, raising the Nagpur-Igatpuri toll from INR 1,080 to INR 1,290. Charges for heavier vehicles will also increase accordingly.
26 Mar 2025
The Mumbai Metropolitan Region Development Authority (MMRDA) has clarified that fewer than 4,000 trees will be felled for the proposed Metro 9 car depot at Uttan, Mira Bhayandar. This clarification follows earlier reports suggesting nearly 10,000 trees would be cut, which had sparked significant backlash from environmentalists and locals. MMRDA officials stated that the initial figures represented two separate proposals submitted to the Mira Bhayandar Municipal Corporation (MBMC), but only 3,716 trees would ultimately be axed, while the rest would be transplanted or spared. Despite this reduction, concerns remain about the ecological impact and the transparency of the process.
25 Mar 2025
India is set to invest nearly INR 4,000 crore to expand and modernize operations at Iran's Chabahar Port, aiming to boost container handling capacity to 500,000 TEUs over the next decade. The Shahid Beheshti terminal, operated by India Ports Global Ltd (IPGL), is already seeing rapid growth, handling over 65,000 TEUs this year. India has committed USD 120 million in grants and a USD 250 million Line of Credit for further development. Despite potential U.S. sanctions uncertainties, India is advancing the project, which is key to strengthening trade routes via the International North-South Transport Corridor (INSTC). India is also expanding port projects in Myanmar and Sri Lanka to enhance regional connectivity.Read more
24 Mar 2025
The G-North ward office of the Brihanmumbai Municipal Corporation (BMC) is contemplating relocating the iconic Dadar Kabutarkhana due to longstanding complaints from local residents regarding health hazards linked to pigeon droppings and feathers. Residents have raised concerns about respiratory ailments and skin conditions, especially among children and the elderly. The civic body is considering relocating the structure to a less congested area with fewer residential buildings. However, there is resistance from the Kabutarkhana trust, which maintains that the structure is part of Dadar's identity and denies any serious health risks.Read more
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24 Mar 2025
The Union government is set to provide around INR 22,400 crore in financial assistance to states under the upcoming Green Energy Corridor Phase-III (GEC-III), aimed at boosting intra-state transmission systems to support India's renewable energy goals. The total project outlay is nearly INR 56,000 crore, with states like Gujarat, Rajasthan, Karnataka, Maharashtra, and Andhra Pradesh as key beneficiaries. Gujarat will lead with projects worth over INR 29,000 crore. GEC-III will strengthen transmission infrastructure to help achieve India's target of 500 GW non-fossil energy capacity by 2030, building on progress from earlier GEC phases initiated in 2015.Read more
24 Mar 2025
The Cochin International Airport Limited (CIAL) Board has approved the second phase of its rehabilitation package for families displaced by airport land acquisition. The package includes permanent jobs in the Cochin Air Cargo Cooperative Society, additional prepaid taxi permits, and financial aid for affected individuals, addressing previous concerns over job stability. This move follows similar large-scale resettlement efforts seen in Navi Mumbai and Hyderabad infrastructure projects. Led by Industries Minister Shri P. Rajeeve, with Chief Minister Shri Pinarayi Vijayan's backing, the initiative aims to provide long-term economic security and social stability to impacted families.Read more
21 Mar 2025
The Tamil Nadu government has unveiled plans for a sprawling 2,000-acre Global City near Chennai, targeting the region's mounting urbanization pressures. Slated to begin development in the coming financial year under TIDCO's leadership, this project will integrate high-tech business hubs, fintech zones, and essential social infrastructure like healthcare and education. Designed to cater to multiple income groups with modern residential options, the city aims to strengthen connectivity through metro extensions, express bus services, and enhanced road networks. While experts see the initiative as a competitive urban model, concerns around location and resource strain remain part of the broader discourse.Read more
21 Mar 2025
The Goa Industrial Development Corporation (GIDC) has reserved 30% of small industrial plots for women entrepreneurs, aiming to enhance their participation in business and drive economic growth. This initiative, aligning with the Union Budget 2025's focus on Nari Shakti, addresses challenges in land access for women-led enterprises. Currently, women own just 7% of Goa's medium-category industries. The reserved plots, available in key locations, have application deadlines set for March 31. Inspired by similar programs in Tamil Nadu and Maharashtra, this move is expected to create a more inclusive and thriving industrial ecosystem in Goa.Read more
21 Mar 2025
Devipada Metro station on Line 7 in Borivli East can directly access the new Oberoi SkyCity Mall, thanks to a newly inaugurated foot overbridge (FOB). This structure directly connects the station's concourse level to the second floor of SkyCity Mall. Fully funded by Oberoi Realty under the public-private partnership (PPP) policy introduced in 2020, the FOB is designed to enhance pedestrian convenience while driving footfall to the commercial complex. This development sets a benchmark for integrated urban mobility in Mumbai, with similar initiatives planned for other metro stations.Read more
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