09 Oct 2024

The Mumbai Metro Rail Corporation (MMRC) plans to raise at least INR 5,173 crore by leasing a 4.2-acre plot in Nariman Point, previously used for political offices. This land will support the construction of the Vidhan Bhavan Metro station and is expected to yield significant proceeds for ongoing Metro projects and debt repayments to the Japan International Cooperation Agency (JICA). Major firms, including Blackstone and Tata Group, have expressed interest in the lease, with the bidding deadline set for November 27.Read more

09 Oct 2024

Hyderabad is gearing up for a major metro expansion with the Phase 2 project, including a 40-km line connecting Rajiv Gandhi International Airport (RGIA) to the proposed 'Fourth City' at Mucherla. The project, which involves six new corridors covering 116.2 km, will integrate key areas like Patancheru, Kokapet Neopolis, and Hyderabad's Old City. This expansion, estimated at INR 32,237 crore, is expected to transform urban mobility, especially with the revised airport metro alignment now running via Aramghar and NH-44Read more

09 Oct 2024

Malad residents welcomed the partial opening of the T-shaped flyover at Mith Chowki, aimed at easing traffic congestion. Inaugurated by Union Minister Piyush Goyal and local officials, the project has taken nearly two years and cost INR 45 crore. The east-west arm, now operational, connects Marve to the Western Express Highway, while the southern arm is expected to open by year-end. Despite some tension during the inauguration, the bridge currently allows only one-way traffic for two-wheelers and light motor vehicles due to ongoing Metro construction.Read more

08 Oct 2024

Mumbai is poised for a transformative change in urban transport with the launch of Phase I of Metro Line 3 by the Mumbai Metro Rail Corporation Ltd (MMRCL), inaugurated by Prime Minister Narendra Modi. Spanning 12.5 km from Aarey JVLR to Bandra-Kurla Complex (BKC), the project aims to revolutionise commuting in a densely populated city. With costs ballooning from INR 23,136 crore to INR 37,275 crore, funding is largely provided by the Japan International Cooperation Agency (JICA). MMRCL is also auctioning a 4.2-acre plot in Nariman Point, projected to generate at least INR 5,173 crore to support ongoing projects. Once operational, Metro Line 3 will significantly ease transport burdens, featuring ten stations and eight-coach trains for a projected ridership of 14 lakh daily. Accessibility enhancements and partnerships for last-mile connectivity further solidify the project's commitment to modernising Mumbai's public transport infrastructure.Read more

08 Oct 2024

The Delhi Development Authority (DDA) is enhancing its housing schemes by developing the green spaces and giving a fresh finish to the unsold inventory. Nearly 1,650 out of 9,000 flats from the Sasta Ghar and Madhyam Vargiya Housing Schemes are being sold on a first-come, first-served basis, with a strong demand in areas like Rohini, Narela, and Ramgarh. In Dwarka, over 130 of 169 flats offered through e-auction have been sold. The DDA is also improving infrastructure in Narela, including educational institutions and metro connectivity. The Lieutenant Governor praised efforts to prioritise affordable housing for economically weaker sections.Read more

08 Oct 2024

The Union Cabinet has approved the second phase of the Chennai Metro, a 119-km expansion projected to cost INR63,246 crore. This decision marks a significant breakthrough after months of delays, with the approval process completed in an unprecedented 24 hours. The expansion will add 128 stations and is expected to be operational by 2027, enhancing Chennai's metro network to 173 km. PM Modi and Tamil Nadu CM M K Stalin have expressed their support, highlighting the project's potential to alleviate traffic and foster economic growth.Read more

07 Oct 2024

Prime Minister Narendra Modi virtually inaugurated a 3.68-km section of the Pune Metro from District Court to Swargate, marking the completion of the first phase of the project. In his speech, he criticized the previous Congress-led UPA government for delaying the metro's progress, stating that no work had been done until his administration laid the foundation in 2016. The Prime Minister also launched projects worth INR 11,200 crore and laid the foundation for the metro's extension to Katraj. He emphasized the importance of modernizing Pune's transport and infrastructure to boost urban development and connectivity in Maharashtra.Read more

07 Oct 2024

The Bengaluru Metro's Phase 3 project has commenced, featuring geotechnical investigations critical for determining the placement of pillars and stations across 22 stations. This phase includes the 32.15-kilometre Outer Ring Road segment, known as the Orange Line, and a 12.5-kilometre stretch from Kadabagere to Hosahalli. An extended section of the Green Line is set for inspection by the Commission for Railway Safety, following successful trial runs. The project, with an extension to Madavara costing INR 298 crore, aims to significantly enhance connectivity for commuters travelling between Tumakuru and Bengaluru.Read more

07 Oct 2024

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has acknowledged technical issues with its newly launched 'MahaCRITI' website, causing delays and affecting real estate stakeholders. To mitigate disruptions, especially during the Diwali and Dussehra festive season, MahaRERA has decided to temporarily restore the previous website, MahaIT, effective from October 5. The rollback aims to ensure smooth operations for homebuyers, developers, and agents. Chairman Manoj Saunik held a meeting to address these concerns and urged cooperation from all parties while the older platform is reactivated to resolve the challenges.Read more

04 Oct 2024

Kochi Metro Rail Ltd (KMRL) has proposed a new Thiruvananthapuram Metro line from Kazhakkoottam Junction to Putharikandam Ground, spanning 14.9 km. This shift follows the scrapping of plans for a Pallippuram starting point, influenced by potential NHAI objections regarding road excavations. KMRL's Managing Director, Loknath Behera, highlighted the advantages of the new alignment, which connects key areas such as Technopark and the legislative assembly, and suggested future extensions to Pallippuram, Kudappanakunnu, and Neyyattinkara in phase II. The project’s phase I is estimated to cost INR 4,673 crores, with KRTL having been dissolved in 2022.Read more