Mumbai Metro Line 3 completion delayed to December 2024
Author : PNT Bureau
The completion of Mumbai Metro Line 3 (Aqua Line) has been delayed to December 2024, as announced after a cabinet meeting led by Chief Minister Eknath Shinde. Initially set for September 2024, the project's first phase - a crucial 9.6 km stretch between SEEPZ and Bandra Kurla Complex - will now be operational by December. The state government has streamlined funding, directly providing INR 1,163 crore to the Mumbai Metro Rail Corporation. With 98% of the work completed, the total project cost stands at INR 37,275.50 crore. The new deadline aims to ease traffic congestion, especially with the full 33.7 km line eventually connecting Cuffe Parade to SEEPZ....
Demolition begins in Bandra slum for redevelopment project that will house over 1,400 families
Author : PNT Bureau
Over 1,400 families in the Shastri Nagar slum in Bandra West, Mumbai, are set to receive permanent homes as the demolition of 1,700 shanties begins for a high-rise rehabilitation project. After a 22-year legal battle and changes in government regulations, the Supreme Court approved the project under the current slum rehabilitation scheme. The project will provide eligible families with new homes and improved connectivity from Bandra station to the Western Express Highway. This initiative exemplifies successful collaboration among the government, developer, and residents, addressing Mumbai's housing shortage and improving living conditions for slum dwellers....
Ludhiana's INR 930 crore Smart City projects face delays
Author : PNT Bureau
Ludhiana's Smart City projects, with a total budget of INR 930 crore, are experiencing delays, leaving key infrastructure improvements unfinished. Originally slated for completion by June 2024, several crucial projects, including bridges over the Buddha Dariya and Sidhwan Canal and road construction along the Buddha Nullah, are behind schedule. Despite nearly nine years of effort since the Smart City Mission's 2015 launch, residents see limited improvements. While some smaller initiatives near completion, larger projects face setbacks due to lengthy tendering processes. Officials, including Municipal Commissioner Sandeep Rishi, are working to expedite progress, but some deadlines may extend into 2025....
Goa faces sand shortage, affecting over 2 lakh construction workers
Author : PNT Bureau
Goa, renowned for its beaches and tourism, faces a sand shortage impacting over 2 lakh construction workers and potentially thousands in the real estate sector. Environmental regulations restrict sand extraction, with most deposits in ecologically sensitive coastal zones. Chief Minister Pramod Sawant urged the central government to allow limited sand extraction from these areas using manual methods. The shortage threatens construction delays and increased costs, affecting affordable and luxury housing markets. Balancing environmental protection with construction needs is crucial. The central government's decision on Goa's request will significantly impact the state's construction industry and economic growth....
Nashik residents to benefit from development projects amounting to INR 400 crore in FY 24-25
Author : PNT Bureau
Nashik, with a population exceeding 1.5 million, is set to see progress on various development projects worth INR 400 crore from the 2024-25 budget. The Nashik Municipal Corporation (NMC) delayed approvals due to the model code of conduct for recent and upcoming elections. With the Lok Sabha and Nashik division teachers' constituency MLC polls concluded, and state assembly elections approaching, the NMC aims to finalize project approvals soon. Projects include upgrades in public works, health, water supply, and town planning, enhancing core infrastructure and services. These developments could boost Nashik's real estate market by increasing property values and attracting new residents and businesses....
Construction on Kolkata metro's orange line makes rapid progress
Author : PNT Bureau
Construction on the Kolkata Metro's Orange Line, stretching 29.87 km, is advancing swiftly, promising faster commutes between New Garia and Netaji Subhas Chandra Bose International Airport. Trains currently run on the initial 5.40 km segment from Kavi Subhash to Hemanta Mukhopadhyay, with a 4.39 km extension to Beleghata station set to launch soon after receiving safety clearances. This expansion is vital for Kolkata's 14.8 million residents, enhancing connectivity and reducing traffic congestion. The final 9 km stretch, nearing 90% completion, includes 10 new stations with modern amenities, potentially boosting real estate values and rental demand along the route....
Hyderabad aims for global city status with ambitious development projects
Author : PNT Bureau
Hyderabad is undergoing a monumental transformation aimed at positioning itself as a global city, driven by ambitious developmental initiatives under Telangana Chief Minister A Revanth Reddy's leadership. Key projects like the Musi Riverfront Development, Regional Ring Road (RRR), and Metro Rail expansion are pivotal in enhancing infrastructure and attracting global investments. Discussions with Cushman and Wakefield Asia Pacific highlighted Hyderabad's robust growth across real estate sectors, underscoring its emergence as a top destination for commercial and residential developments. With a focus on sustainability and strategic partnerships, Hyderabad aims to set new benchmarks in urban development, fostering economic prosperity and improving residents' quality of life....
Varanasi approves INR 2,869.65 crore airport expansion to triple capacity
Author : PNT Bureau
The government in Varanasi has approved a INR 2,869.65 crore expansion plan for Lal Bahadur Shastri International Airport, nearly tripling its passenger capacity. Currently handling 3.3 million passengers annually, the airport will expand to accommodate 9.9 million passengers per annum (MPPA). The new 75,000 square meter terminal will handle 6 MPPA and 5,000 passengers per peak hour. A runway extension to 4,075 meters will support larger aircraft. Prioritizing sustainability, the project includes solar energy use, waste recycling, and natural lighting. This expansion is expected to boost tourism and the local economy, making Varanasi a more attractive destination....
Noida metro's aqua line extension approved by UP cabinet
Author : PNT Bureau
The Uttar Pradesh Cabinet has approved a detailed project report for extending the Noida Metro's Aqua Line from Sector-142 to Delhi Metro's Botanical Garden station, costing INR 2,254.35 crore. The 11.56-kilometer extension will feature eight new stations, enhancing connectivity and urban mobility across Noida. This project is anticipated to boost the real estate sector, with increased property demand and potential value appreciation in sectors 44, 93, 97, 105, and 108. With an estimated initial ridership of 80,000 commuters, the extension promises seamless interchange between the Aqua and Blue Lines, directly connecting to Indira Gandhi International Airport via the Magenta Line....
Lucknow clears 24.5 acres, demolishes 1,320 illegal structures for INR 73 crore Kukrail River eco-tourism hub
Author : PNT Bureau
Lucknow has made a significant environmental stride by completing the demolition of over 1,320 illegal structures along the Kukrail River, clearing 24.5 acres. The Lucknow Development Authority (LDA) led this initiative to address flood risks and restore the river's ecosystem. Over 1,800 displaced families were relocated using the Pradhan Mantri Awas Yojana scheme. The state government plans to invest INR 73 crore in developing an eco-tourism hub on the cleared land, promoting job creation, tourism, and environmental awareness. This project exemplifies the balance between urban development and environmental conservation....
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