Vidhi Sangoi

01 Jan 2025

Transit-Oriented Development (TOD) is transforming urban planning in India, addressing challenges of rapid urbanisation and environmental degradation. Rooted in principles of walkability, connectivity, and mixed land use, TOD integrates transport and urban planning to create high-density, pedestrian-friendly communities. Pioneering cities like Delhi, Ahmedabad, and Pune have adopted TOD to reduce vehicle dependency and enhance urban accessibility. Despite regulatory and financial challenges, TOD's economic, environmental, and social benefits are evident. With global models like Hong Kong's "Rail plus Property" providing inspiration, India's TOD initiatives aim to foster inclusive, sustainable urban growth amidst rising urbanisation.Read more

Arun Nair

01 Jan 2025

In 2024, India's luxury real estate market thrived due to a strong economy, stable interest rates, and rising wealth among HNIs and UHNIs. Cities like Mumbai, Delhi, Gurugram, and Bengaluru witnessed record-breaking sales and high-profile property deals. Demand for homes priced from INR 10 crore to INR 80 crore soared, driven by factors like lifestyle upgrades, exclusivity, and capital appreciation. Developers focused on premium amenities and prime locations to cater to affluent buyers. With the market shifting towards gated communities and modern apartments, the luxury segment emerged as a symbol of status. As optimism about the economy and wealth grows, luxury real estate remains a lucrative and stable investment.Read more

01 Jan 2025

The Mumbai Metropolitan Regional Development Authority (MMRDA) has commenced geotechnical investigations for a 2.5-km flyover connecting Vithalwadi to Palm Hotel. This critical project aims to alleviate congestion on major flyovers in Kalyan by diverting traffic from Ulhasnagar and Ambarnath via an elevated route. Estimated to cost INR 700 crore, the project is expected to be completed in 30 months. The Kalyan-Dombivli Municipal Corporation (KDMC) has acquired 70% of the required land, with efforts ongoing for the remainder. Once operational, the flyover is projected to significantly reduce travel time from 40 minutes to just five.Read more

01 Jan 2025

CREDAI-MCHI, a leading body for real estate developers in the Mumbai Metropolitan Region (MMR), is introducing India's first Quick Real Estate Mall at its upcoming property and home finance expo. This innovative platform will enable homebuyers to secure their dream homes and loans within ten minutes. A major highlight is "Pink Sunday," focused on empowering women buyers through the MCHI STREE Awas Yojana. The event will also feature exclusive deals, networking opportunities, and prestigious awards, reflecting CREDAI-MCHI's commitment to inclusivity, transparency, and innovation in real estate.Read more

31 Dec 2024

The Karnataka government has issued a preliminary notification to acquire land for the first stage of Metro's Phase III project. A total of 26,811 square metres of land will be acquired to build an elevated line and Metro stations between JP Nagar 4th Phase and Mysuru Road station. The project will also impact 197 private properties, including residential buildings and vacant sites. Along with this, 10,892 square metres of government-owned land will also be needed. The Phase III plan was approved earlier this year, and construction work will follow a geotechnical survey.Read more

31 Dec 2024

The Patna Metro, a INR 13,365.77 crore project overseen by the Patna Metro Rail Corporation Limited (PMRCL), aims to modernise Bihar's capital with efficient and eco-friendly transit. Comprising two corridors spanning 32.91 km - the East-West Corridor (Danapur Cantonment to Khemni Chak) and North-South Corridor (Patna Junction to New ISBT) - the metro promises reduced congestion and shorter commutes. Funded by central and state governments, with JICA financing 60%, the project is set to launch by August 2025. This transformative initiative will boost connectivity, economic growth, and quality of life, marking Patna's leap toward sustainable urban development.Read more

31 Dec 2024

Launched in 2017, Bharatmala Pariyojana aims to revolutionize India's highway infrastructure with 34,800 km of roadways at a cost of INR 5.35 lakh crore. By linking industrial hubs, rural areas, and border regions, it enhances connectivity and reduces logistics costs. Key projects include the Delhi-Mumbai Expressway and the India-Myanmar-Thailand Highway. With 18,714 km constructed and 26,425 km contracted as of October 2024, progress is significant despite delays due to land and environmental challenges. Future plans focus on greenfield expressways and intelligent transport systems, reinforcing Bharatmala's role in driving economic growth and fostering regional development.Read more

31 Dec 2024

India's sustainable real estate is advancing through policies like the Smart Cities Mission, which has completed 6,419 projects worth INR 1.25 lakh crore. Initiatives such as ECBC, GRIHA, and LEED certifications are driving eco-friendly construction, with green-certified Grade A offices comprising 82% of new supply in 2023. Financial incentives, including GST exemptions and proposed tax benefits, aim to boost adoption. Challenges remain in smaller cities due to limited resources and awareness. However, with technology, renewable energy integration, and collaborative efforts, sustainable real estate is redefining urban growth, offering a resilient and eco-friendly future for India's cities.Read more

Vidhi Sangoi

30 Dec 2024

The Thiruvananthapuram Metro, a 42.1-kilometre light rail system with 37 stations, is set to revolutionize public transport in Kerala's capital city. With two primary lines connecting key hubs like Technocity, Kazhakoottam, and Karamana, the metro aims to tackle traffic congestion, reduce pollution, and offer a modern commuting experience. Approved at a cost of INR 4,219 crore, construction begins in 2025 with completion expected by 2030. Managed by KRTL, the metro features modern amenities and seamless integration with existing transport networks. This transformative project promises to enhance connectivity, drive economic growth, and position Thiruvananthapuram as a model for sustainable urban development.Read more

30 Dec 2024

The National Capital Region Transport Corporation (NCRTC) has invited bids to lease 45,469 square meters of commercial space across six stations along the Delhi-Meerut Regional Rapid Transit System (RRTS) corridor. This initiative is part of the larger 30,000-crore RRTS project aimed at improving connectivity between Delhi and Meerut. The leased spaces will host various facilities like healthcare units, co-working hubs, fitness centres, and mobility services. NCRTC also plans to integrate parking facilities with commercial spaces, contributing to the project's financial sustainability. Real estate experts anticipate the RRTS will boost property markets in satellite towns such as Ghaziabad, Modinagar, and Meerut, driving regional economic growth.Read more