10 Feb 2025

The Pune and Pimpri Chinchwad metro network will expand with a budget allocation of INR 838.96 crore for FY 2025-26. Maha Metro will prioritize the PCMC-Nigdi and Swargate-Katraj extensions, ensuring financial stability for ongoing projects. While Phase 1 is operational, pending infrastructure work at Khadki and Range Hills stations continues. Metro ridership reached 160,000 daily commuters in January. Additionally, INR 230 crore has been allocated for Mula-Mutha river pollution abatement, with funds supporting Sewage Treatment Plants (STPs). These initiatives will enhance urban transit, last-mile connectivity, and sustainability, ensuring Pune's continued infrastructural growth.Read more

Vriti Gothi

07 Feb 2025

The SWAMIH Fund, launched in 2019, aims to finance stressed and stalled residential projects. The government has now introduced SWAMIH Fund-2 with an INR 15,000 crore allocation, expected to complete 1 lakh housing units by 2025-26. The fund prioritizes affordable and mid-income housing projects facing financial distress, legal issues, or NPA status, benefiting homebuyers waiting for possession. So far, 50,000 units have been completed under SWAMIH Fund-1, with 40,000 more expected in 2025.Read more

07 Feb 2025

Chennai Metro Rail Limited (CMRL) has allocated INR 154 crore for land acquisition along a 1.1 km stretch of Coimbatore-Sathyamangalam Road at Ganapathy to advance the metro rail project. The city corporation, in collaboration with CMRL, will conduct a land plan survey, while the revenue department will oversee acquisition. CMRL will also establish a city office. The National Highways Department has sanctioned INR 54 crore for road widening. CMRL approved INR 2 crore for surveying underground utilities. Once CMRL appoints personnel to the Coimbatore office, the project will progress faster, enhancing urban transport and easing congestion.Read more

07 Feb 2025

The Jaipur Development Authority (JDA) has made its GIS-based Master Plan 2025 available online, allowing residents to access land-use information remotely. This initiative aims to improve urban governance by eliminating the need for physical visits to the JDA office. The digital platform provides details on different land-use categories, such as residential, commercial, and ecological zones. JDA is also planning to expand the system by including additional land-related data, such as 90A boundaries, Land Bank details, and Colony Maps.Read more

07 Feb 2025

To alleviate Bengaluru's congestion, the Karnataka State Cabinet has approved a plan to develop satellite towns with enhanced road and rail connectivity. The towns of Devanahalli, Nelamangala, Hoskote, Doddaballapur, and Magadi will be included in this initiative. The Greater Bengaluru Development Authority (GBDA) will oversee the development of areas within Ramanagara district, integrating the Bidadi Smart City project. Spanning over 8,943 acres, the project aims to provide employment opportunities and create a well-planned urban environment. The township, located along the Bengaluru-Mysuru expressway, will follow a work-live-play; model, with a globally recognised firm appointed to draft the master plan. The initiative is a major step towards sustainable urban expansion.Read more

06 Feb 2025

Infra.Market has secured a 20-year lease for a new 70,000 sq ft office in Thane's Wagle Estate, leasing an eight-floor commercial building from Ekatva Group. The lease will be registered in two phases, with the first three floors in January 2025 and the rest in March 2025. The deal is expected to generate over INR 200 crore in rental income. This expansion aligns with Infra.Market's growth strategy and reflects Thane's rising commercial real estate demand. The move enhances operational efficiency as the company strengthens its market presence amid the construction sector's post-pandemic recovery.Read more

06 Feb 2025

The Coimbatore district administration and city corporation recently conducted a joint inspection to assess land acquisition needs for the Coimbatore Metro Rail and highway improvement projects. Officials from multiple departments proposed integrating land acquisition for a 1km stretch along Sathyamangalam Road to optimise costs and minimise disruptions. The national highway department urged prioritising land for the highway project, while Metro Rail's acquisition process may take longer. The proposal will be discussed in an upcoming board meeting, with potential implications for future urban infrastructure planning. If approved, this integrated approach could streamline development efforts in Coimbatore, enhancing coordination between major infrastructure projects.Read more

06 Feb 2025

GIFT City, spanning 880 acres, is India's first International Financial Services Centre (IFSC), divided into SEZ and non-SEZ zones. The 2025 Union Budget introduced key incentives, including extended tax exemptions until March 2030 for ship leasing, insurance offices, and global treasury centers, making GIFT City more attractive to international investors. While competition from Singapore, Dubai, and London persists, these incentives enhance India's appeal as a financial services destination. The Budget measures are expected to boost FDI, drive growth, and strengthen India's global financial position.Read more

06 Feb 2025

Panasonic Life Solutions India Private Limited has acquired a 6,586 sq. meter land parcel in Andheri East, Mumbai, worth INR 160 crore, according to property registration documents. The transaction, registered on January 29, 2025, included a stamp duty of INR 9.60 crore and a registration fee of INR 30,000. The land was purchased from River Rose Developers LLP. Andheri East is a major commercial and residential hub, well-connected to key transport links, and home to a thriving business ecosystem. Over the past year, the area saw strong property sales and rental demand. The acquisition signals Panasonic's commitment to India's growth, especially in Mumbai.Read more

05 Feb 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has entered into a significant partnership with Brookfield, a renowned global investment firm, to accelerate infrastructure development in the Mumbai Metropolitan Region (MMR). This collaboration aims to transform MMR into a Global Economic Hub within the next five to seven years. The MoU, facilitated by MMRDA Metropolitan Commissioner Dr. Sanjay Mukherjee, has secured an unprecedented Foreign Direct Investment (FDI) of USD 12 billion (INR 103,800 crore). Additionally, MMRDA's participation in the World Economic Forum (WEF) Annual Summit in Davos has resulted in further MoUs amounting to USD 40 billion. The agreement prioritises Metro projects, urban infrastructure, and sustainable development, supporting Maharashtra's vision of achieving a USD 1 trillion economy while contributing to India's USD 5 trillion economic target.Read more