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...
05 Aug 2023
The Indian Government has set ambitious targets for highway construction to accelerate infrastructure development. Originally planning to build 12,500 km of highways for FY 2024, they have now raised the target to 13,800 km. The pace of construction has also been significantly increased, aiming for 40 km of highways per day by the year-end. During the peak of the pandemic in 2020-21, the country witnessed 13,327 km of highways built at a rate of 37 km per day, but it fell to around 10,000 km in 2022-23. To achieve the current targets, NHAI, the Ministry of Roads, and NHIDCL will collaborate to build approximately 14,000 km of highways this year. While challenges such as weather conditions and upcoming elections may impact progress, the government remains committed to infrastructure development and connectivity improvement.Read more
03 Aug 2023
Thiruvananthapuram authorities have given the go-ahead for an innovative land swap agreement between Technopark and private landowners. This historic decision aims to facilitate the expansion of Technopark, a leading technology park in India, while revitalizing the entire region's landscape. By exchanging strategically located land parcels, Technopark can attract more technology companies and startups, generating employment opportunities and bolstering the state's IT sector.Read more
02 Aug 2023
Prime Minister Narendra Modi inaugurates the International Airport in Gujarat, a historic moment for the state. The airport, ten times larger than Rajkot's airport, boasts modern facilities, showcases local heritage and art forms, and aims to boost trade and tourism in India. In addition to the airport, other key projects were inaugurated, including packages 8 and 9 of the Saurashtra Narmada Avtaran Irrigation Yojana, a multi-level flyover, a water treatment plant, and a library.Read more
01 Aug 2023
L&T has been awarded the bid to construct Rs 1,959 crore elevated Dahisar-Bhayander Link Road, aiming to improve connectivity and ease congestion. The 5km stretch will connect Kandarpada Metro station in Dahisar (W) to Uttan Road in Bhayander (W). The project includes marine environment and intertidal zone work, bridges, pavements, and seven-storey mechanised parking lots with a bus terminus. The project notably is still pending approvals from the Coastal Zone management authorities, Salt Pan Commissioner and the Environmental Ministry.Read more
29 Jul 2023
The RLDA embarks on an innovative journey to revitalize Ahmedabad Railway Station. With an estimated budget of Rs 2,563 crore, the project features modern amenities, a spacious roof plaza, and a focus on sustainability. The station will connect different transportation modes and be a new city centre, embracing seamless access and enhanced passenger experiences. RLDA's visionary approach ensures green building techniques, inclusivity, and advanced security measures. This transformative undertaking reflects India's indomitable spirit, uniting connectivity, progress, and grandeur in a symphony of aspirations and ambition.Read more
29 Jul 2023
Commuters at Chhatrapati Shivaji Maharaj Terminus (CSMT) will soon enjoy direct access to the Aqua Line metro station through a state-of-the-art underground pedestrian subway. Stretching 365 meters, the subway will streamline movement and provide seamless transitions between the two major transit modes. Starting from platform number 1 at CSMT, the subway's endpoint will be Azad Maidan metro station. Funding for the project will be a joint effort between the Maharashtra government and Indian Railways. The subway will boast modern amenities, including travelators, lifts, escalators, refreshment sections, and toilet blocks, ensuring a comfortable travel experience for all.Read more
28 Jul 2023
The road widening project connecting Chennai Trunk Road and Trichy Chennai NH in Srirangam is nearing completion within 20 days. To accommodate the four-lane highway, 30 houses were demolished, which were constructed on land belonging to the highways department. The department recognized the importance of the project to improve traffic flow and convenience for motorists in the area. The construction of a wall was implemented to minimize disruptions to nearby residents during the road widening process. The project is expected to be finished at a cost of Rs. 7 crores, delivering significant benefits to the local community.Read more
27 Jul 2023
NHSRCL has given a sizable contract of Rs 215,697 crore to Larsen & Toubro (L&T) for the construction of the Thane, Virar, and Boisar stations for the Mumbai-Ahmedabad High-Speed Rail project. This completes the 508-kilometer-long bullet train route between Mumbai and Ahmedabad's civil construction phase. The project seeks to dramatically cut down on travel time, stimulate economic growth, and give passengers access to cutting-edge amenities. The high-speed rail corridor promises to overhaul India's transportation system and usher in a new era of effective and modern train travel by utilizing cutting-edge technology and environmentally friendly methods.Read more
26 Jul 2023
Indian Railways announces Vande Sadharan, a cost-effective alternative to the Vande Bharat train series. Designed with upgraded amenities and dual locomotives, it aims to provide affordable yet comfortable travel. Currently under production in Chennai, the new train service targets the broader demographic of long-distance travellers. With the introduction of Vande Sadharan, Indian Railways continues its mission of affordable and accessible transportation, set to bolster the nation's rail network.Read more
26 Jul 2023
In order to build a third prison in Mumbai, the state of Maharashtra is looking for land in Gorai. Long-term offenders will be catered to by this new institution, saving them from having to frequently appear in court throughout their trials. The choice was made as a response to the problem of overcrowding in current jails. Additionally, a second jail with a multi-story design and capacity for about 5000 inmates is planned for construction at Mankhurd. These programs demonstrate the government's dedication to updating and improving the infrastructure of prisons in order to build a more resilient and effective criminal justice system.Read more