RLDA's redevelopment project to modernise Nagpur Railway Station by 2025
The Rail Land Development Authority (RLDA) is redeveloping Nagpur Railway Station in Maharashtra to transform it into a modern transportation hub capable of accommodating up to 98,000 passengers daily. The project includes creating dedicated arrival and departure areas, connecting platforms via separate foot over bridges, and constructing a spacious 108-meter-wide concourse with amenities and retail options. The west side will feature a multi-level plaza with a 3,420 sqm parking area, while the east side will have separate arrival and departure buildings with a 13,250 sqm unified basement for parking. The project is 33% complete and aims to preserve the station's heritage while modernizing its functionality. Completion is expected by December 2025....
YEIDA expands land acquisition to 4,600 acres near Noida International Airport with INR 990 crore investment
The Yamuna Expressway Industrial Development Authority (YEIDA) is acquiring an additional 1,861 hectares (4,600 acres) near Tappal, Aligarh, to support industrial and manufacturing projects around the upcoming Noida International Airport. This expansion aims to counter unauthorised developments hindering progress on the 2,597 hectares (6,420 acres) of designated land. Key projects include a 950-hectare (2,347-acre) multimodal logistics park with an INR 990 crore investment. YEIDA CEO Arun Vir Singh emphasised the urgency to address illegal constructions and secure the area, ensuring Tappal's development into a significant industrial hub in western Uttar Pradesh....
AIIB considers INR 22,108 crore funding for Madurai and Coimbatore metro projects
The Asian Infrastructure Investment Bank (AIIB) is showing strong interest in financing metro rail projects in Madurai and Coimbatore, marking a crucial development in Tamil Nadu's urban mobility efforts. AIIB recently inspected the proposed 11.368 km Madurai metro route and plans to assess a similar 10.74 km route in Coimbatore soon. With Chennai Metro Rail Limited (CMRL) having prepared Detailed Project Reports (DPRs), the Coimbatore project is estimated at INR 10,740 crore, while Madurai's is INR 11,368 crore - totaling INR 22,108 crore. Pending Ministry of Finance approval, AIIB's potential investment could transform public transport, alleviate congestion, and spur economic growth in these cities....
Haryana Government allocates INR 1,179 crore for critical infrastructure upgrades
The Government of Haryana has allocated INR 1,179 crore from infrastructure augmentation charges to improve the infrastructure in the region. This IAC was collected by several Haryana government agencies. With a rise in population the infrastructure in the region remained unchanged since it was first developed in the 1990s. With four floor plan approval by the govt.in 2019, many property owners transformed their two-floor unit to four-floor building. However, these units were not sustainable due to lack of key infrastructure like roads, electricity and drainage systems. The new government order will impose penalties on owners who built units illegally....
MMRDA considers one-time debt settlement for Mumbai Metro Line 1
The Eknath Shinde government has shelved plans to acquire Mumbai Metro Line 1, opting instead for a one-time debt settlement. The state cabinet directed MMRDA's executive committee to settle the INR 1,700 crore debt owed by Mumbai Metro One Pvt Ltd (MMOPL), which is 74% owned by Reliance Infrastructure and 26% by MMRDA. Serving 4.6 lakh passengers daily, Metro Line 1 is Mumbai's oldest metro and operates under public-private partnership. Facing insolvency, MMOPL had agreed to a debt settlement with six lenders, including SBI and IDBI Bank. The MMRDA commissioner will meet with lenders to finalise the arrangement....
Arun Vir Singh to continue as CEO of YEIDA and NIAL, overseeing major infrastructure projects
Arun Vir Singh has been reappointed as CEO of Yamuna Expressway Industrial Development Authority (YEIDA) and Noida International Airport Ltd (NIAL) until December 31, 2024. This marks his sixth extension since retiring from the Indian Administrative Service (IAS) in June 2019. With over 37 years of experience, Singh has been pivotal in advancing key infrastructure projects in the Noida region, including the Noida International Airport, which is set to cost INR 5,700 crore and serve 12 million passengers annually. Singh also oversees the development of industrial parks and a high-speed rail project, reflecting the government's confidence in his leadership and vision for regional growth....
BMC to transforming Mahalaxmi Racecourse into a public park with Hafeez Contractor
Architect Hafeez Contractor, enlisted by the Brihanmumbai Municipal Corporation (BMC), aims to revamp Mumbai's Mahalaxmi Racecourse into a 700-acre green space. Initially proposing an elevated racetrack, Contractor finalized a 120-acre public park plan. The project includes a cycling/jogging track linking the Mumbai Coastal Road and Haji Ali via an underpass. Additionally, spiral walkway ramps will connect green spaces from Worli to Colaba, creating a contiguous green area. Contractor, who worked pro bono, aims to enhance Mumbai's greenery. The Maharashtra Cabinet approved the plan, preserving the racecourse's heritage, renewing a lease for 91 acres for Royal Western India Turf Club....
State seeks approval for Mekedatu water project and Bangalore airport air cargo complex
The Karnataka Government is pushing for Central Government approval of two key phases of the Bangalore Metro Rail project. Phase three, costing INR 15,611 crore, awaits Union Urban Development Ministry clearance, while Phase 3A, the 37 km Hebbal-Sarjapur line, estimated at INR 28,405 crore, needs final approval despite state government consent. Additionally, the government seeks approval for the Mekedatu drinking water project and the development of Bangalore International Airport into an Air Cargo Complex. Chief Minister Siddaramaiah also emphasized the need to upgrade state highways and complete various infrastructure projects to enhance connectivity and economic growth across Karnataka....
Telangana's smart cities mission extended to March 2025: Focus on completing INR 805 crore worth of projects
The Central Government has extended the Smart Cities Mission deadline to March 31, 2025, in response to Telangana Chief Minister A Revanth Reddy's request. During his visit to the national capital, Reddy met with Union Minister for Housing and Urban Affairs Manohar Lal Khattar to advocate for the extension. The extension aims to ensure the completion of ongoing projects, particularly in Warangal and Karimnagar, where significant work is underway. The Centre emphasized that no new projects will be sanctioned, and funds for existing projects will be released on a first-come, first-served basis until September. The original deadline was June 2025....
MMRDA to secure INR 850 crore from KfW for urban infrastructure development
The Mumbai Metropolitan Region Development Authority (MMRDA) has secured over INR 850 crore from the German development bank KfW and will raise an additional INR 365 crore for urban infrastructure projects. These funds will support sustainable initiatives like green corridors, waste management, and renewable energy. KfW previously approved a 545-million-euro loan for Mumbai's Metro lines 4 and 4A. This agreement marks the largest financing sanctioned to an Indian entity. MMRDA, responsible for Mumbai's infrastructure, is developing a 337 km metro network, the longest being constructed simultaneously by a single agency, aiming to improve connectivity and reduce congestion....
The Royal Western India Turf Club (RWITC) and the Brihanmumbai Municipal Corporation (BMC) have been locked in negotiations for nearly five months over the future of the Mahalaxmi racecourse. While the RWITC members approved a deal in January, the proposed agreement has faced hurdles, with the club returning a modified version to the BMC for approval. Amid the uncertainty, the BMC chief's public statements about taking over the racecourse have raised concerns among RWITC members, walkers, and joggers. With the proposed plan involving the conversion of 120 acres into a public park and the remaining 91 acres handed to the RWITC, the club's members are frustrated by the lack of transparency from the managing committee. Adding to the complications is the looming state assembly elections, which have raised fears that a change in government could derail the entire process....
Delhi Metro aims to open three phase-IV corridors by 2026
The Delhi Metro Rail Corporation (DMRC) is making significant progress on its fourth-phase expansion project despite challenges from the COVID-19 pandemic and administrative delays. Anuj Dayal, DMRC's Principal Executive Director, reported that over 50% of work on all three priority corridors is complete, with substantial advancements in tunnelling on the Aerocity-Tughlakabad and Janakpuri West-RK Ashram Marg lines. The Phase 4 section from Janakpuri West to Krishna Park Extension is nearing completion, slated to open by August. They expect to operationalize the entire Majlis Park-Maujpur corridor by next year, with further phases aiming for completion by 2026....
Dharavi redevelopment project faces hurdles in acquiring temporary housing
The ambitious Dharavi Redevelopment Project, aimed at transforming Asia's largest slum with over 700,000 residents, encounters challenges in acquiring temporary housing for displaced residents during construction. The project, led by Dharavi Redevelopment Project Pvt Ltd (DRPPL) in partnership with Adani Realty, seeks 334 tenements for relocation. Despite acquiring 27.5 acres from railways, securing the remaining land from other agencies is pending, impacting project timelines. Disagreements between DRPPL and MHADA over payment for temporary housing further complicate matters. Resolving these issues is crucial to ensuring smooth relocation and progressing with this transformative urban redevelopment initiative in Mumbai....
Maharashtra slashes Mahalaxmi Racecourse lease rent by 70%, RWITC to pay INR 1 crore per year
The Maharashtra government has dramatically reduced the Royal Western India Turf Club's (RWITC) annual lease rent at Mahalaxmi Racecourse in Mumbai from INR 3 crore to INR 1 crore, focusing only on the built-up areas like the clubhouse and stables. This decision, criticised by some, includes leasing the remaining 79 acres of open space for public use on non-racing days at a concessional rate. Meanwhile, discussions continue on the racecourse's future, with proposals ranging from a theme park to integrating it into a larger 300-acre Central Park connected via an underground subway....
Karnataka pushes for new CBD, inspired by Gujarat's GIFT City
The Karnataka government has proposed establishing a Central Business District modelled after Gujarat's GIFT City and sought expedited project approvals. IT & BT Minister Priyank Kharge, in a letter to Union Finance Minister Nirmala Sitharaman and Union IT Minister Ashwini Vaishnaw, highlighted Karnataka's vibrant economy and strategic location. The proposed CBD aims to boost economic growth, employment, and foreign investments. Karnataka, a leader in IT and electronics exports, plans to develop clusters under the EMC 2.0 scheme in Mysuru and Dharwad districts and seeks further financial support for infrastructure, skilling programmes, and research initiatives from the Union government....
Goa's Kadamba Plateau water project faces challenges in connecting homes
Goa's Public Works Department has begun connecting homes on Kadamba Plateau to its water network, laying a 4-5 km pipeline since 2021. Nearly 200 houses now have water access, with ongoing efforts to extend connections to residential complexes. Challenges include elevational issues requiring additional overhead tanks for complexes and upgrades to Opa's water treatment plants. Lack of prior planning by builders led to reliance on private borewells, straining existing infrastructure. Options like a new 10 MLD treatment plant at Opa are considered, needing substantial investment. While individual homes benefit, timelines for complex connections remain unclear amid efforts to address water demand and elevation challenges....
RWITC secures 91 acres of Mahalaxmi Racecourse on lease for 30-years
Mumbai's iconic 211-acre Mahalaxmi Racecourse is set for transformation as the Maharashtra government divides the land between RWITC and BMC. RWITC retains 91 acres for horse racing with a 30-year lease extension, while BMC gains 300 acres, including coastal road land, for a sprawling central park akin to global counterparts. Reactions vary, with some applauding new green space and others wary of partial privatisation. BMC plans a world-class garden, ensuring RWITC pays nominal rent and event fees. The decision highlights Mumbai's challenge in balancing public needs, historical significance, and commercial interests, urging transparency in future developments....
Eco-Friendly Office Spaces: India's growing trend in green commercial real estate
India's commercial real estate is embracing sustainability with a focus on green buildings. These eco-friendly structures integrate smart technologies and recycled materials, reducing energy consumption by up to 30% and cutting water use in half. Beyond environmental benefits, green buildings command higher rental premiums, increase occupancy rates, and slash operating costs by 15%. With 61% of new developments already green-certified, and projections for 65% by 2026, India leads in sustainable commercial real estate. This shift, driven by tenant demand and government support, promises a future where business growth goes hand-in-hand with environmental responsibility....
Indian railways are expected to add lines worth INR 50000 crore this year
Indian Railways is set for significant infrastructure expansion with a proposed 39% increase in this year's budget for new railway lines, aiming to boost connectivity and regional development. The government targets 100,000 kilometres of new lines by 2047, reflecting a strong growth strategy. Concurrently, the implementation of the indigenously developed Kobach Automatic Train Protection system enhances passenger safety. Successfully trialled on a 250-kilometre stretch, Kobach will be deployed across 10,000 kilometres, prioritising routes with high traffic. This dual approach underscores Indian Railways' commitment to modernization and safety, ensuring a future of improved connectivity and operational efficiency....
Mumbai Metro Line 3 completion delayed to December 2024
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
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
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
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
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
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
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
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
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
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....
India plans INR 22 lakh crore highway expansion to boost trade and reduce costs
The Indian government has unveiled a monumental infrastructure initiative with a massive INR 22 lakh crore investment aimed at constructing and upgrading 30,600 kilometres of roads by 2031-32. This ambitious plan focuses on three strategic areas: building 18,000 kilometres of expressways and high-speed corridors to link major cities and industrial hubs, decongesting 4,000 kilometres of national highways around urban centres, and constructing strategic and border roads to enhance connectivity and national security. With private sector participation expected to cover 35% of costs, the plan leverages public-private partnerships (PPPs) to expedite implementation. This initiative aims to transform India's transportation sector, boost economic activities, and reduce logistics costs, promising significant benefits for businesses and consumers alike....
Demolition drive aims to destroy 800 illegal structures in Aravali Hills
Authorities in Gurgaon and Faridabad have initiated a crucial step in safeguarding the ecologically sensitive Aravali hills by launching demolition drives this week. Nearly 800 unauthorised structures, including farmhouses and banquet halls, are slated for removal under the Punjab Land Preservation Act's Section 4, which designates these areas as protected forest land. A landmark Supreme Court ruling has reinforced this protection, impacting villages like Anangpur, Ankhir, Lakkarpur, and Mewla Maharajpur in Faridabad. The comprehensive drive involves satellite imagery, drone mapping, and ground verification to ensure no illegal structures evade scrutiny. Property owners with pre-1980 constructions may seek exemptions with documented evidence, emphasising compliance with environmental laws amidst ongoing demolition efforts....
Dharavi redevelopment project seeks an additional 15 acres in BKC for machinery storage
The Dharavi Redevelopment Project, managed by Dharavi Redevelopment Project Pvt. Ltd. (DRPPL), aims to transform a 600-acre slum in Mumbai into a modern urban area. To support this massive effort, DRPPL has requested 15 acres of land in Bandra Kurla Complex from the Mumbai Metropolitan Region Development Authority (MMRDA) for machinery storage. They have also secured 27.57 acres from the Railway Land Development Authority and are seeking 12 acres currently used by Brihanmumbai Electric Supply and Transport (BEST). The Maharashtra government proposes an additional 283.4 acres of salt pan land. The project, though logistically challenging, promises improved living conditions for 1.2 million residents....
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