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...
14 Nov 2023
Mother Dairy is set to invest Rs 500 crore in establishing a dairy and value-added dairy plant in Nagpur, Maharashtra, as part of its Rs 700 crore capital expenditure plan. The move aims to expand the company's presence beyond North India. The plant will also apply for the production-linked incentive scheme for food processing. It is expected to help Mother Dairy extend its dominance in North India's dairy, edible oil, and frozen vegetable markets while strengthening its position in South India. The company has already expanded its manufacturing capacity and plans to introduce 100 new products over the next three years.Read more
14 Nov 2023
Larsen and Toubro (L&T) subsidiary, L&T Construction, has secured a substantial contract for the Bhogapuram International Airport project in Andhra Pradesh. The greenfield venture, valued between Rs 2,500 to Rs 5,000 crore, will initially handle 6 million passengers per annum, expandable to 12 MPA. Awarded by GMR Visakhapatnam International Airport Limited, the project includes terminal construction, air traffic control tower, runway development, and landside facilities. L&T's expertise in airport construction strengthens its position in the sector and underscores its commitment to enhancing India's aviation infrastructure.Read more
14 Nov 2023
Mira Road's enduring quest for a dedicated court complex, stretching over a decade, is finally approaching fruition. Despite numerous setbacks, including missed deadlines and budget constraints, the community's optimism remains unwavering. Recent inspections of the nearly completed three-story complex offer a ray of hope, with occupancy certificates on the horizon. However, bureaucratic challenges, including pending no-objection certificates and staffing issues, persist. The imminent court operation promises improved access to justice and streamlined legal processes for Mira Road's residents.Read more
11 Nov 2023
Mumbai's suburban railway network has expanded with the inauguration of its sixth line, aimed at improving capacity, connectivity, and passenger comfort. The project, initiated on October 7, 2023, successfully rehabilitated approximately 607 Project Affected People (PAPS) and relocated nearly 1,000 trees. It also provided independent connectivity to both the 5th and 6th lines at Bandra Terminus Yard by modifying existing tracks and dismantling obstacles. The project involved land acquisition, upgrading 27 foot overbridges, constructing new railway structures, including flats, electronic Interlocking buildings, traction substations, and booking offices. All previously cancelled and rescheduled services were fully restored by November 6.Read more
11 Nov 2023
The Brihanmumbai Municipal Corporation (BMC) has successfully installed the second girder of the Vidyavihar Railway Over-Bridge (ROB) in Mumbai, with each girder weighing 1,100 metric tonnes and measuring 100 meters in length and 9.5 meters in width. This marks a critical step in a project aimed at easing traffic congestion between Ghatkopar and Vidyavihar in the eastern suburbs while providing direct connectivity between Lal Bahadur Shastri (LBS) Marg and Ramkrishna Chemburkar Marg. The completion of both girders, among the longest in India without pillars for support, brings the project closer to its goal of full operation by December 2024, with an estimated cost of Rs 178 crore.Read more
11 Nov 2023
The Public Works Department (PWD) of Goa faces a budget shortfall, bringing state road repairs to a standstill. Having already spent its Rs 90 crore budget on the Western bypass project due to an order by the National Highway Authority, the PWD now seeks additional funds. PWD Minister Nilesh Cabral acknowledges the urgency for road maintenance and anticipates discussions with the Chief Minister for financial reinforcement. As the department awaits a post-National Games resolution, road repairs are slated to begin by December, conditional upon the release of consolidated fund allocations.Read more
10 Nov 2023
The Brihanmumbai Municipal Corporation (BMC) faces challenges in its ambitious road concreting project, with penalties exceeding Rs 82 crore imposed on contractors due to delays. Roadway Solutions India Infra bears the largest share of Rs 54.1 crore in penalties for roadwork in the island city. The project, covering 890 stretches on 110 roads, totalling 397 kilometres, lacks clear completion percentages, raising concerns. BMC plans to deduct fines from ongoing invoices, with contractors holding a 1% security deposit to offset penalties. Following a termination notice to Roadway Solutions, the BMC may consider an ex-parte termination order. The project's future is uncertain, sparking political debates and concerns.Read more
10 Nov 2023
A new Foot Over Bridge (FOB) was inaugurated at Kurla Station on November 4, 2023, marking the sixth addition to Kurla's FOB network. Costing approximately Rs 10.62 crore, this bridge boasts a width of 8.00m and a length of 79.85m with 44 columns and 4 spans to accommodate a large number of passengers. The FOB features five strategically located staircases, a Skywalk of 13.61 x 4.00m, and is expected to alleviate overcrowding and enhance passenger flow at Kurla Station. This development aims to improve Mumbai's public transportation network and enhance the daily commute experience for thousands of passengers.Read more
10 Nov 2023
India and Bhutan have agreed to enhance regional connectivity, focusing on projects like a 58-km cross-border rail link connecting Gelephu and Kokrajhar in Assam and an 18-km rail link between Samtse in Bhutan and Banarhat in West Bengal. This collaboration aligns with Bhutan's plan for a smart city at Gelephu, boosting trade and tourism between the two countries. Additionally, the Darranga-Samdrup Jongkhar border crossing was designated as an immigration check post, promoting smoother travel and facilitating exchanges with Bangladesh. These initiatives are expected to support Bhutan's economic growth and create employment opportunities.Read more
09 Nov 2023
The Brihanmumbai Municipal Corporation (BMC) has sent a strong message to more than 100 contractors and real estate firms in Mumbai, warning them to strictly adhere to dust mitigation norms or face punitive measures. As the city grapples with deteriorating air quality, the BMC issued a new set of guidelines, giving builders and contractors one month to acquire essential equipment to combat air pollution. The move is part of a comprehensive effort to enhance Mumbai's Air Quality Index (AQI).Read more