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23 Dec 2024
The Andhra Pradesh Capital Region Development Authority (APCRDA), led by CM N. Chandrababu Naidu, approved projects worth INR 24,276 crore for Amaravati's infrastructure. This includes INR 1,814 crore for a 250-metre-high Legislative Assembly and an 8-storey High Court, spread over 103 and 42 acres, respectively. Five iconic towers, costing INR 4,688 crore, will cover 68.8 lakh sq ft, housing government offices. Additionally, INR 9,699 crore is allocated for 579.5 km of Land Pooling Scheme roads with utilities. Despite a 49% cost rise since 2017-18, these projects aim to create a modern capital hub, boosting Andhra Pradesh's administrative and economic growth.Read more
23 Dec 2024
The Bhopal Metro, known as the Bhoj Metro, is an ambitious project aimed at transforming urban transportation in Bhopal, Madhya Pradesh. Designed to address traffic congestion and pollution, the metro will offer a modern, eco-friendly transit system. The first phase includes two lines-Orange Line (14.99 km, 16 stations) and Blue Line (12.88 km, 13 stations)-integrating key commercial and residential hubs. Trial runs began in September 2023, with full operations expected by 2027. Featuring advanced amenities, sustainable construction, and funding from government and international bodies, the metro promises improved connectivity, reduced pollution, and enhanced quality of life for residents.Read more
20 Dec 2024
The Kolkata Metro, India's first urban rapid transit system, has been a cornerstone of urban mobility since its launch in 1984. Spanning 59.38 km across four operational lines, the system connects key areas of Kolkata and its suburbs, offering eco-friendly and time-efficient transportation. Landmark projects include the North-South Corridor (31.4 km) and the East-West Corridor (16.6 km), the latter featuring India's first underwater metro tunnel beneath the Hooghly River. With ongoing expansions like the Joka-Esplanade and New Garia-Airport corridors, the network aims to cover over 120 km.Read more
20 Dec 2024
The Chennai Metro, operational since 2015, has evolved into a pivotal mass transit system in Tamil Nadu's capital. Managed by Chennai Metro Rail Limited (CMRL), it currently spans over 54 km, offering rapid and reliable transportation through a combination of elevated and underground stations. Phase I, completed by 2019 at a cost of around INR 14,600 crore, introduced two main corridors and improved travel efficiency. An extension to Wimco Nagar, completed in 2021, further enlarged its coverage. Phase II, set for completion by 2026 at a cost of INR 61,843 crore, will add nearly 119 km. Despite challenges in construction, fare structure, and ridership targets, the Chennai Metro continually enhances passenger experience through modern amenities, digital ticketing, and accessibility features, reflecting the city's commitment to advanced public transit solutions.Read more
20 Dec 2024
Work has started on the INR 2099-crore Kharghar-Turbhe Tunnel Link Road (KTLR) project, aimed at reducing travel time between Turbhe and Kharghar from 40 minutes to 10 minutes. Overseen by CIDCO, the project features a 1.8-km twin tunnel through Kharghar hill, a 3.4-km elevated viaduct, and a 1.5-km elevated road connecting Central Park to Taloja. Scheduled for completion by September 2028, the KTLR will ease congestion on the Sion-Panvel highway, improve east-west connectivity, and enhance access to Atal Setu and Navi Mumbai Airport. This project is set to boost regional infrastructure and support economic growth in Navi Mumbai.Read more
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20 Dec 2024
CREDAI-MCHI has partnered with MAHAPREIT, a Maharashtra government undertaking, to tackle air emissions and promote decarbonization in the construction sector. This 12-month non-financial MoU aims to establish a roadmap for achieving Net Zero emissions and fostering sustainability in the Mumbai Metropolitan Region (MMR). MAHAPREIT will use its expertise in renewable energy and carbon reduction to assess pollution sources, evaluate construction activities' environmental impact, and propose eco-friendly practices. CREDAI-MCHI will provide access to sites and collaborate on implementing these measures. Key focus areas include GHG emissions assessment, improved construction techniques, and stakeholder training. This collaboration reflects a shared commitment to creating a sustainable, eco-conscious construction ecosystem in Maharashtra.Read more
19 Dec 2024
Seema Singh, a member of Alkem Laboratories' promoter group, has purchased a sea-view luxury apartment in the Lodha Sea Face tower in Mumbai for INR 185 crore. The apartment spans 14,000 sq ft and is located on the 30th floor, with Singh also securing 9 parking spots. This marks the second-largest luxury deal in Mumbai this year, following a INR 270 crore transaction at Lodha Malabar. Singh, who recently sold a portion of her shares in Alkem Laboratories, paid a stamp duty of INR 9.25 crore. Property sales in Mumbai and other major cities have seen a significant rise in 2024, with the market expected to finish strong.Read more
19 Dec 2024
The Bhubaneswar Metro, initiated by the Bhubaneswar Metro Rail Corporation Limited (BMRCL), aims to modernize transportation in Odisha's capital region. Approved in 2023, Phase 1 covers a 26 km corridor from the airport to Trisulia Square, including 20 elevated stations and an estimated cost of INR 5,926.38 crore. With construction starting in early 2024 and operations expected by 2028, the project strives to ease congestion, reduce emissions, and enhance daily commutes. Future expansions may link Bhubaneswar with Cuttack and other key destinations. Although concerns about viability, population density, and ridership persist, proper integration with existing public transport could ensure the metro's success.Read more
19 Dec 2024
The Ahmedabad Metro is a transformative rapid transit system designed to modernize urban mobility in Ahmedabad and Gandhinagar, Gujarat. Phase 1, fully operational by October 2022 at a cost of INR 10,773 crore, spans 40.03 km across two corridors: the Red Line (North-South) and the Blue Line (East-West), connecting key areas with 33 stations. It has significantly reduced traffic congestion, cut travel times, and provided an eco-friendly alternative to road transport. Phase 2, underway at an estimated cost of INR 5,384 crore, will add 28.26 km, enhancing regional connectivity, including links to Gandhinagar and GIFT City. With plans for a future Phase 3, the Ahmedabad Metro exemplifies urban innovation, sustainability, and progress, shaping Gujarat's infrastructure landscape.Read more
18 Dec 2024
The Agra Metro is a transformative urban transit project designed to modernize Agra's transportation infrastructure and support its population and tourism. Phase 1 includes two corridors: the Yellow Line (Taj East Gate to Mankameshwar Mandir) and the Blue Line (Agra Cantt to Kalindi Vihar), covering 29.4 km with a total estimated cost of INR 12,899 crore. The Yellow Line's 6 km priority corridor, inaugurated in March 2024, features six stations, including Taj Mahal and Agra Fort. Upon full completion by 2026, it promises a seamless, sustainable transport solution for residents and tourists alike.Read more
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