02 Jun 2025

The Andhra Pradesh government will begin construction of the Visakhapatnam Metro Rail Project in October 2025, with a double-decker model proposed to meet rising transport demands. A semi-ring road is also planned to improve connectivity, especially to the upcoming Bhogapuram Airport, with 15 of 22 approach roads already approved. In housing, INR 7,000 crore has been allocated to complete pending TIDCO homes, prioritizing women beneficiaries by Dasara. Under the AMRUT scheme, INR 834 crore is being invested in water supply projects. At a VMRDA review, key concerns like sanitation, water shortages, and infrastructure gaps were addressed, reflecting a holistic push for urban development.Read more

02 Jun 2025

Residential project completions across India's top nine cities rose by 33% in FY24, reaching 4,06,889 units, according to PropEquity. The combined total for the past three years has now crossed 10 lakh units. Kolkata led with an 88% rise, followed by Hyderabad (61%) and Chennai (49%). Pune (81,563 units) and Thane (77,017 units) topped overall deliveries. Western India (Mumbai, Thane, Pune, Navi Mumbai) accounted for 55% of total completions, while Southern markets (Bengaluru, Chennai, Hyderabad) contributed 30%. Delhi-NCR was the only region to see a decline, with an 8% drop. Factors driving this growth include revived projects through the SWAMIH Fund, stricter RERA enforcement, and strong market sentiment. The momentum is expected to continue with SWAMIH 2.0 and increasing dominance of branded developers.Read more

30 May 2025

Indore, renowned as the commercial capital of Madhya Pradesh, is undergoing a major transformation driven by extensive development projects aimed at boosting its infrastructure and urban ecosystem. With a population surpassing 3 million, the city's strategic importance as an industrial, commercial, and educational hub has attracted substantial investment from both state and central governments alongside private partners. Key projects such as the Indore Metro, Ring Road, Smart City Mission, airport expansion, and upgrades in water, sanitation, and industrial infrastructure are reshaping the city's landscape. These initiatives reflect a concerted effort to establish Indore as a leading example of sustainable urban growth in India.Read more

30 May 2025

Rajasthan Chief Minister Shri Bhajanlal Sharma has approved the detailed project-report for Jaipur Metro Phase-2, covering a 42.80-km stretch from Todi Mode to Prahladpura. The INR 12,260 crore project, announced in the 2025-26 state budget, will be executed by Rajasthan Metro Rail Corporation, a new 50:50 joint venture between the state and Central government. The corridor will feature 36 stations, including two underground, and connect key residential, commercial, educational, and industrial hubs such as VKI and Sitapura Industrial Areas. Construction will begin once the Union Ministry of Housing and Urban Affairs grants approval. Financing will come from financial institutions.Read more

29 May 2025

Shillong is undergoing a transformative phase with infrastructure projects exceeding INR 3,000 crore. Key initiatives include the INR 1,188 crore New Meghalaya Secretariat, the INR 217 crore integrated solid waste management facility, and the INR 70 crore Living Root Bridges Experience Centre. The city is also focusing on eco-tourism with the development of five circuits under the Meghalaya Ecotourism Infrastructure Development Project and enhancing urban mobility through the Shillong-Dawki four-lane highway. These projects aim to boost connectivity, promote sustainable tourism, and preserve cultural heritage, positioning Shillong as a modern urban center.Read more

29 May 2025

The long-awaited four-laning of the Phagwara-Hoshiarpur road in Punjab has officially commenced, marking a major milestone in regional infrastructure. Former Union Minister Som Parkash announced that the 48.6 km highway project will be developed at a cost of ?1,058 crore, including ?500 crore for land acquisition. Laid out by Union Minister Nitin Gadkari, the project includes two bypasses, a major bridge, 11 minor bridges, 20 underpasses, a railway overbridge, 41 junctions, 28 bus lay-byes, and two truck lay-byes. Scheduled for completion in two years, the highway aims to boost connectivity, improve freight efficiency, and support local economic and commuter needs.Read more

29 May 2025

Reliance Industries Ltd (RIL) has announced an investment of INR 75,000 crore in the North-Eastern region over the next five years. The plan includes setting up 350 compressed biogas plants, expanding its telecom and retail operations, enhancing solar power initiatives, and significantly contributing to healthcare and education. Chairman Mukesh Ambani shared this vision during an investors' summit, emphasising the company's aim to touch the lives of the region's 45 million residents. RIL's philanthropic arm, Reliance Foundation, will also lead the way in establishing a cancer hospital and promoting Olympic-level sports training in collaboration with state governments.Read more

28 May 2025

Pune is undergoing a significant transformation with infrastructure projects totaling over INR 50,000 crore. Key developments include the INR 9,897 crore Pune Metro Phase 2 expansion, the INR 50,000rore Pune-Bengaluru Expressway, and the INR 5,500 crore Mula-Mutha Riverfront project. Additional initiatives encompass the INR 8,313 crore Pune Metro Line 3, the INR 1,626 crore road development allocation in the PMC budget, and the INR 400 crore per kilometer Yerawada-Katraj twin tunnel project. These projects aim to enhance connectivity, reduce traffic congestion, and improve the quality of life for Pune's residents.Read more

28 May 2025

Property prices rose in 48 out of 50 Indian cities in the final quarter of FY 2024-25, according to NHB's latest RESIDEX report. The Housing Price Index (HPI) recorded a 7.5% annual increase up from 5.1% a year earlier highlighting strong market momentum. Bengaluru led with 13.1% growth, followed by Kolkata (9.6%), Chennai (9%), and Pune (6.8%). Only Howrah and Thiruvananthapuram saw price declines. Sequentially, prices rose 1.9% between January and March. The RBI's recent 25 basis point repo rate cut the first in five years has lowered home loan rates, further supporting demand. The data signals continued market recovery and growing developer confidence.Read more

28 May 2025

The Maharashtra Housing and Area Development Authority (MHADA) has lowered the prices of 6,248 apartments in Thane in an effort to increase demand among economically disadvantaged section (EWS) homebuyers. These flats, constructed by the Konkan Housing and Area Development Board, are located in Khoni, Shilphata, and Kalyan. Initially launched at higher rates earlier this year, the lack of response prompted a price cut of up to INR 1.43 lakh per flat. The new pricing is expected to improve affordability and encourage participation in upcoming sales rounds.Read more