CCEA grants approval for infrastructure projects worth Rs 5,000 crore in Bihar and Tripura
Author : PNT Bureau
The Cabinet Committee on Economic Affairs (CCEA) has approved infrastructure projects worth Rs 5000 Crore, including the construction of a 4,556-meter, six-lane cable-stayed bridge across the Ganga in Bihar and the widening of a 134.9 km road in Tripura. The Bihar project, estimated at Rs 3,064.45 crore, aims to improve connectivity between north and south Bihar. The decisions underscore the government's focus on infrastructure fostering socio-economic growth. The Cabinet's comprehensive approach aligns with the broader vision of economic development, improved connectivity, and strategic partnerships, reflecting a commitment to holistic progress....
Assam CM set to inaugurate India’s biggest PMAY colony in Dibrugarh
Author : PNT Bureau
Assam's Chief Minister Himanta Biswa Sarma is set to inaugurate the country's largest Pradhan Mantri Awas Yojana (PMAY) colony in Naharkatia, Dibrugarh district, featuring 113 housing units with comprehensive amenities at an estimated cost of Rs 4 crore. The integrated settlement, situated near the Assam-Arunachal border, emphasises sustainable living, including provisions for animal rearing, poultry, and beekeeping. Additionally, Naharkatia MLA Taranga Gogoi envisions transforming the banks of the Burhi Dihing river into a thriving tourist destination, with plans for eco-friendly resorts, adventure sports facilities, and collaborations with private investors to enhance the area's tourism potential....
Mumbai's coastal land in Malad set for extensive development by MMRDA
Author : PNT Bureau
The Mumbai Metropolitan Region Development Authority (MMRDA) has been assigned 1,387 hectares of prime coastal land for development in Malad, Mumbai. The decision, made in a meeting chaired by Maharashtra CM Eknath Shinde and DCM Devendra Fadnavis, aims to capitalize on the area's commercial potential with connectivity through Metro 2A and the proposed Coastal road. The Development Plan 2034 had initially earmarked the land for affordable housing, open spaces, IT, and tourism. However, activists and residents express concerns about environmental impact, advocating for preserving the coastal area's natural beauty....
Cost overruns and delays plague India's mega infrastructure initiatives
Author : PNT Bureau
The Ministry of Statistics and Programme Implementation (MoSPI) recently reported that as of November 2023, 421 major Indian infrastructure projects, each exceeding Rs 150 crore, faced cost overruns amounting to Rs 4.40 lakh crore. Monitored among 1,831 projects, these overruns represent nearly 17.54% of the initial cost. Despite spending Rs 15,58,038.07 crore, equivalent to 52.80% of the expected costs, delays persist in 845 projects, averaging 36.64 months. Issues such as land acquisition, environmental clearances, and insufficient infrastructure support contribute to setbacks, compounded by factors like project financing delays and pandemic-related disruptions. These challenges underscore the urgent need for comprehensive reforms and effective project management strategies to address the persistent hurdles in India's infrastructure development landscape....
Thane Municipal Commissioner takes strong measures against unauthorized constructions
Author : PNT Bureau
The Municipal Commissioner of Thane, Abhijit Bangar, has issued a "zero tolerance" directive against unauthorized construction in the city. Following the suspension of a senior official accused of protecting illegal structures, Bangar emphasized strict measures and consequences for those associated with such activities. Officials were instructed to comply with the Chief Minister's directive to demolish illegal structures, with a focus on cutting water connections to these constructions. Disciplinary actions were warned for officials involved in permitting illegal constructions, particularly those with water connections....
CMDA unveils visionary plan for five-fold metropolitan expansion in Chennai
Author : PNT Bureau
The Chennai Metropolitan Development Authority (CMDA) is undertaking a significant five-fold expansion, encompassing areas like Gummidipoondi and Kancheepuram. The CMDA aims to develop self-sustaining neighbourhoods, floating tenders for a comprehensive 'Sustainable Economic Growth Strategic Plan in Chennai Metropolitan Area.' The 24-week study will identify locations for industries, recreational spaces, and transit corridors, with a focus on decongesting the core city. Satellite towns are in the pipeline, addressing concerns like relocating the automobile hub in Pudupet. Experts stress eco-friendly urbanization, flood-resilient structures, and efficient spatial planning for balanced growth, acknowledging the potential for increased job opportunities....
Nagpur's MIHAN-SEZ asks DLF return allotted land over failure to execute plans
Author : PNT Bureau
Nagpur's MIHAN-SEZ has requested DLF and other companies, to return over 140 acres allotted in 2007 for an IT Park, citing the company's failure to initiate construction over 15 years. DLF was expected to develop IT towers, generating employment for 1 lakh people, but no progress has been made. Notices have been issued, urging DLF to submit a development plan. MIHAN, spanning 4,300 hectares, aimed for an IT boom, but competition from other cities hindered progress. SEZ authorities reveal 20% occupancy, 68% vacant land, and inactive units. MADC leased land to major IT companies, emphasizing the need for strategic development in Nagpur....
Union Minister Nitin Gadkari to inaugurate Zuari Bridge section and unveil key projects in Goa
Author : PNT Bureau
Union Minister Nitin Gadkari is set to inaugurate the second four-lane section of the Zuari bridge in Goa, along with laying the foundation stone for two major projects valued at Rs 911 crore. These include twin towers atop the new bridge and an elevated six-lane highway corridor at Porvorim. Chief Minister Pramod Sawant announced the opening of the 14km approach road and the new Zuari bridge section, costing Rs 2,500 crore, on Goa Liberation Day. Other initiatives include a revolving restaurant on the Zuari tower and a six-lane elevated corridor on NH-66. Sawant highlighted the state's commitment to environmental sustainability and outlined Goa's impressive economic growth. The government aims for zero carbon emissions by 2050 and encourages comprehensive development for continued progress....
India unveils ambitious Rs 19.5 lakh crore National Highway Development Program
Author : PNT Bureau
The Indian road transport ministry has proposed a National Highway Development Programme, aiming to build and widen approximately 41,000 km of national highways, including 15,000 km of high-speed corridors, by 2031-32. This ambitious plan requires an investment of Rs 19.5 lakh crore. The proposed master plan's first phase projects are set to be bid out by 2028-29, with completion slated for 2031-32. The initiative aims to almost double the average travel speed on national highways from 47 kmph to 85 kmph, enhancing logistics efficiency and reducing costs to 9-10% of GDP. Currently, logistics costs in India are around 18% of GDP....
MMRDA seeks approval for major development in Raigad district
Author : PNT Bureau
The Mumbai Metropolitan Region Development Authority (MMRDA) has submitted a proposal to the state government, seeking permission to develop a sprawling 323.44 square kilometres of land in Raigad district. The proposed development, under the New Town Development Authority (NTDA), mirrors the successful model of Bandra Kurla Complex. The initiative aims to meet rising demand post the Mumbai Trans Harbour Link (MTHL) and Navi Mumbai International Airport, generating revenue amid diminishing land in BKC. The involvement of NTDA marks a strategic expansion, offering new opportunities and income for MMRDA's infrastructure projects....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
