Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
09 Dec 2024
Bollywood actor Shraddha Kapoor has leased a luxurious apartment in Mumbai's upscale Juhu area for a monthly rent of INR 6 lakh. The apartment, spanning 3,929 square feet, is located on the third floor of a high-end residential tower. Kapoor has paid the full rental amount for the 12-month lease term in advance. The deal, which was registered earlier this week, also includes access to four car parking spaces. Juhu remains a sought-after location for Bollywood celebrities, known for its proximity to the beach and premium amenities.Read more
09 Dec 2024
The Uttar Pradesh government, through the Yamuna Expressway Industrial Development Authority (YEIDA), has launched a township in Sector-24A, Noida, just 15 minutes from Jewar International Airport. Offering 451 residential plots of various sizes at a competitive price of INR 25,900 per square metre, the project aims to provide affordable housing and boost regional economic growth. Notably, 17.5% of the plots are reserved for farmers. The township's strategic location near Film City and the MotoGP track enhances its appeal. With registrations surpassing 34,000 and a lottery scheduled for December 27, this initiative is set to transform the area's real estate and economic landscape.Read more
09 Dec 2024
Kolkata's first metro link to the airport is nearing completion, with trial runs for the 7-kilometre Noapara-Jai Hind stretch starting in December 2024 and an official launch set for March 2025. Part of the Yellow Line's Phase I expansion, the link aims to ease traffic congestion and provide a seamless commute for air travelers. Multi-line connectivity will enhance access from both southern and northern Kolkata, reducing dependency on taxis and private vehicles. With key infrastructure like fire doors and travelators being finalized, the project aligns with global urban mobility trends, promising enhanced transportation, tourism, and economic growth for the city.Read more
06 Dec 2024
The Delhi-NCR real estate sector faces significant challenges from air pollution, leading to construction bans under the Graded Response Action Plan (GRAP). These restrictions cause delays, disrupt cash flows, and lead to labor shortages, complicating developers' commitments under RERA regulations. To adapt, developers can use prefabricated materials to reduce waste and emissions, implement pollution control measures like dust-absorbing barriers and anti-smog guns, and focus on low-pollution tasks such as interior work during bans. Engaging with authorities to seek exemptions for compliant projects and conducting public awareness campaigns can also help. Embracing sustainable practices ensures project continuity while contributing to environmental responsibility, striking a balance between development and ecological priorities.Read more
06 Dec 2024
Starting December 1, Goa's Tenant Verification Act mandates landlords to verify tenants or face a fine of INR 10,000. Enforced to curb rising criminal activities involving non-residents, the law emphasises community safety and accountability. Chief Minister Pramod Sawant highlighted its importance in addressing security concerns, supported by a state-wide police drive examining 200,000 tenants since September. Landlords must now collect identification documents and conduct basic background checks before renting properties. While compliance challenges may initially impact the rental market, the government plans to offer workshops and resources to ease the process, aiming to foster a safer environment across the state.Read more
Advertisement
06 Dec 2024
The Tamil Nadu government's plan to develop a greenfield airport at Hosur has been hindered by a policy from the Centre. The proposed location falls within 150 km of Bengaluru airport, where no new airports can be developed until 2033 due to a concession agreement between the Civil Aviation Ministry and Bangalore International Airport Ltd. Meanwhile, Tamil Nadu is advancing plans for a new airport at Parandur, 65 km from Chennai, with an investment of INR 20,000 crore. Additionally, plans are underway to expand Salem airport to accommodate larger aircraft.Read more
06 Dec 2024
BEML Ltd has secured a INR 3,658 crore contract from Chennai Metro Rail Ltd (CMRL) for the design, manufacture, supply, testing, and commissioning of Standard Gauge Metro Rolling Stock. The project includes 210 metro cars, to be delivered as 70 three-car train sets, and a 15-year maintenance contract. These trains will operate in Unattended Train Operation (UTO) mode, serving three major corridors. The entire metro network will span 118.9 km, with delivery starting in January 2027 and completion by April 2029.Read more
05 Dec 2024
The Mumbai Coastal Road Project (MCRP) has achieved a major milestone with the launch of the final girder for the bow-string bridge connecting the coastal road to the Bandra Worli Sea Link (BWSL). This new girder will facilitate north-bound traffic towards Bandra, Andheri, and Bandra Kurla Complex. The project is now 94% complete, with ancillary tasks such as installing signage, painting, and creating the carriageway underway. The girder launch, carried out from the Arabian Sea due to land constraints, overcame challenges posed by shallow waters and bedrock at Worli. The bridge, interchange, and underpass are expected to open sequentially in January.Read more
05 Dec 2024
Phase 2 of the Hyderabad Metro is set to cover 76.4 kilometers across five corridors, down from the initially planned 116.4 kilometers, with the proposed fourth city Metro connectivity of 40 kilometers on hold. Expected to serve 800,000 passengers daily, this phase prioritizes immediate urban mobility needs. The first construction focus will be a 7.5-kilometer expansion of the Old City corridor, with demolitions anticipated by the end of the year. The project will also introduce a double-decker flyover and utilize modern construction techniques to accelerate development.Read more
05 Dec 2024
The Advertising Standards Council of India (ASCI) has revealed a significant increase in misleading and unlawful advertisements for the first half of 2024-25, with the real estate sector topping the list of violations, accounting for 34% of breaches. Illegal betting followed at 29%, while healthcare, personal care, and food & beverage industries also contributed to the infractions. ASCI reviewed over 4,000 complaints and 3,000 advertisements, with a staggering 98% needing revisions. The report also highlighted a growing trend of advertisers settling disputes voluntarily, reducing ASCI's average response time from 30 to 18 days.Read more
Advertisement
