27 Dec 2023

Nagpur's MIHAN-SEZ has requested DLF and other companies, to return over 140 acres allotted in 2007 for an IT Park, citing the company's failure to initiate construction over 15 years. DLF was expected to develop IT towers, generating employment for 1 lakh people, but no progress has been made. Notices have been issued, urging DLF to submit a development plan. MIHAN, spanning 4,300 hectares, aimed for an IT boom, but competition from other cities hindered progress. SEZ authorities reveal 20% occupancy, 68% vacant land, and inactive units. MADC leased land to major IT companies, emphasizing the need for strategic development in Nagpur.Read more

26 Dec 2023

Union Minister Nitin Gadkari is set to inaugurate the second four-lane section of the Zuari bridge in Goa, along with laying the foundation stone for two major projects valued at Rs 911 crore. These include twin towers atop the new bridge and an elevated six-lane highway corridor at Porvorim. Chief Minister Pramod Sawant announced the opening of the 14km approach road and the new Zuari bridge section, costing Rs 2,500 crore, on Goa Liberation Day. Other initiatives include a revolving restaurant on the Zuari tower and a six-lane elevated corridor on NH-66. Sawant highlighted the state's commitment to environmental sustainability and outlined Goa's impressive economic growth. The government aims for zero carbon emissions by 2050 and encourages comprehensive development for continued progress.Read more

23 Dec 2023

The Indian road transport ministry has proposed a National Highway Development Programme, aiming to build and widen approximately 41,000 km of national highways, including 15,000 km of high-speed corridors, by 2031-32. This ambitious plan requires an investment of Rs 19.5 lakh crore. The proposed master plan's first phase projects are set to be bid out by 2028-29, with completion slated for 2031-32. The initiative aims to almost double the average travel speed on national highways from 47 kmph to 85 kmph, enhancing logistics efficiency and reducing costs to 9-10% of GDP. Currently, logistics costs in India are around 18% of GDP.Read more

22 Dec 2023

The Mumbai Metropolitan Region Development Authority (MMRDA) has submitted a proposal to the state government, seeking permission to develop a sprawling 323.44 square kilometres of land in Raigad district. The proposed development, under the New Town Development Authority (NTDA), mirrors the successful model of Bandra Kurla Complex. The initiative aims to meet rising demand post the Mumbai Trans Harbour Link (MTHL) and Navi Mumbai International Airport, generating revenue amid diminishing land in BKC. The involvement of NTDA marks a strategic expansion, offering new opportunities and income for MMRDA's infrastructure projects.Read more

21 Dec 2023

The National Highways Authority of India (NHAI) has achieved a significant milestone by successfully awarding Toll, Operate, and Transfer (TOT) bundles 13 and 14, covering a combined stretch of 273 km, for Rs 9,384 crores. This accomplishment brings the total TOT bundles awarded in the current fiscal year to an impressive Rs 15,968 crore, surpassing the fiscal monetization target of Rs 10,000 crores set for 2023-24. The Ministry of Road Transport and Highways highlights that the TOT model, fostering private participation in the highway sector, continues to play a pivotal role in advancing the nation's road network development.Read more

19 Dec 2023

The Kanpur Development Authority (KDA) has informed private tenants about its plan to acquire their land for the development of the New Kanpur City township. KDA officials held a meeting with tenants, requesting their consent for selling the land to facilitate the scheme. The purchase will be at the prevailing Arrent DM circle rate, with payment transferred directly to farmers' accounts through RTGS. The New Kanpur City initiative spans over 150 hectares between Mainawati Marg and Kalyanpur-Bithoor Road. The state government has allocated Rs 200 crore for the effective implementation and development of new cities under the Chief Minister Urban Expansion/New Cities Promotion Scheme.Read more

16 Dec 2023

PWD Minister Ravindra Chavan has proposed upgrading poorly maintained roads in integrated townships like Palava City and Casa Rio, developed by the Lodha Group, to district roads. This effectively enables the state government to allocate funds for their reconstruction. The finance department has approved Rs18.50 crore for road reconstruction. Improving the roads has been a long-standing demand as pothole-ridden roads affect thousands of residents in the township. This decision aligns with the government's commitment to improving infrastructure in the townships, with the Kalyan-Dombivli Municipal Corporation previously granting a 66% property tax concession to flat owners in Palava City.Read more

16 Dec 2023

The Haryana Urban Development Authority completed a drone survey of 619 slums, laying the foundation for rehabilitation and addressing issues in Indira Colony, Rajiv Colony, and Kharak Mangoli. Huda Chief Administrator T. L. Satyaprakash assured prompt rehabilitation, prioritized slums, and granted Supreme Court relief. In a separate evaluation, a multi-feature park in Sector 24, Panchkula, aims for completion by June 2024. Featuring unique attractions like a maze, meditation garden, skating rink, and solar tree-based charging station, the park seeks international recognition. Superintendent Engineer A.K. Rana oversees coordination, ensuring the park meets global standards while contributing to Panchkula's cultural landscape.Read more

15 Dec 2023

The National Highways Authority of India (NHAI) has expanded the list of highways for monetization in the third round of Infrastructure Investment Trust (InVIT). Adding five new stretches, the total length now stands at 1,029 km, up from the initial 580 km. These highways will be offered to the National Highways Infra Trust. The move is part of NHAI's plan to achieve a monetization target of Rs 10,000 to Rs 15,000 crore for the fiscal year 2023-24 through InVIT, contributing to the overall target of Rs 45,000 crore. Notably, the revised list includes stretches initially identified for the fourth round of InVIT.Read more

14 Dec 2023

The Maharashtra State Road Development Corporation (MSRDC) has issued tenders for leasing 50 acres near Amane in Thane to establish an international cricket stadium and coaching academy along the Mumbai-Nagpur Samruddhi Expressway. The Mumbai Cricket Association (MCA) has expressed interest, with stringent financial and expertise criteria to be met. The 99-year lease aligns with MCA's plans for new grounds in Thane and Navi Mumbai, addressing the lack of cricket coaching facilities in Thane compared to Mumbai. Additionally, MSRDC is involved in land pooling initiatives at Igatpuri, contributing to infrastructure enhancement and traffic flow improvements on the Mumbai-Nashik highway.Read more