15 Nov 2024

The Thiruvananthapuram metro rail project's revised alignment is under active review by the state government, with a final decision expected soon. Kochi Metro Rail Ltd (KMRL) conducted a preliminary study on the updated alignment, running from Kazhakkoottam to East Fort via Sreekaryam and the Medical College, which aims to improve practicality and reduce disruption. Once approved by the finance department and cabinet, KMRL will revise the Detailed Project Report (DPR) for state and central approvals. The project prioritizes heritage conservation by avoiding elevated lines in central areas. Concurrently, Sreekaryam flyover construction is set to start soon, contributing to the city's infrastructure development.Read more

15 Nov 2024

The Kabra family, promoters of the USD 1.25 billion RR Global conglomerate, recently purchased two luxury apartments in Mumbai's Oberoi Three Sixty West for a combined INR 198.17 crore. These sea-view residences on the 62nd floor include a 6,642 sq. ft. unit bought by Kritidevi and Shreegopal Kabra and a 7,167 sq. ft. apartment purchased by Rajesh and Monal Kabra. Other notable buyers in the same tower include leaders from the corporate world such as B K Goenka and Radhakishan Damani, adding to the project's prestige.Read more

15 Nov 2024

Tamil Nadu Chief Minister M.K. Stalin recently launched the state's first co-working space, "Mudhalavar Padaipagam," in Chennai. It is located in Agaram near Perambur. This new space aims to support local professionals and students by offering high-quality facilities, including high-speed internet, meeting rooms, and a learning centre. Built with an investment of INR 2.85 crore, the project is part of the "North Chennai Development Scheme." Mudhalvar Padaipagam provides affordable, modern workspaces with simple online booking options.Read more

15 Nov 2024

The Andhra Pradesh government intends to issue additional tenders to finish the development of Amaravati within three years. Minister P. Narayana indicated that between 2014 and 2019, tenders of INR 41,000 crore were issued, with work costing INR 35,000 crore completed. The World Bank agreed to provide INR 15,000 crore, but demanded immediate flood protection efforts. New tenders for critical buildings will be announced shortly. A technical committee report will steer the new tenders. Plans include the construction of reservoirs, architecture inspired by the Netherlands, and ring roads.Read more

14 Nov 2024

Rahul Krishna Vaidya, the Indian Idol Season 1 runner-up, recently acquired a luxurious apartment valued at INR 9 crores in Mumbai's sought-after Bandra West neighbourhood. His new residence is located within DLH Signature, a high-end project by DLH Group that features expansive 3 BHK, 4 BHK, and 5 BHK units across a 1.25-acre site. Bandra West has become a preferred location for celebrities, with stars like Sunil Shetty, Ranveer Singh, and sports personalities such as KL Rahul also investing in the area. Vaidya's purchase underscores Bandra appeal, combining prestige, connectivity, and high-profile neighbours.Read more

14 Nov 2024

CIDCO's 'My Preferred CIDCO Home' housing scheme has seen high interest, with nearly 70,000 applications submitted for 26,000 homes in Navi Mumbai. Open until mid-November, the scheme offers affordable housing for the Economically Weaker Section (EWS) and Low-Income Group (LIG), with an INR 2.5 lakh subsidy available for eligible EWS applicants. The initial phase of CIDCO's broader plan to construct 67,000 homes, this project enables applicants to prioritise their preferred locations across key nodes and includes a structured three-phase process for registration, booking, and allocation.Read more

14 Nov 2024

The Urban Development and Housing (UDH) department of Rajasthan is set to resume drafting a new township policy after a two-month pause, with plans to present the draft in the upcoming assembly session. A committee of officials was established to create the draft, and feedback was actively sought from various societal sectors. Although deadlines for suggestions were extended, progress had stalled until a new directive was issued recently. The new policy aims to address contemporary urban needs and align with updated regulations established since 2010.Read more

14 Nov 2024

The Telangana government has initiated the Metro Rail Project Phase II, covering a total of 116 km, including a significant stretch from Shamshabad Airport. While field surveys are ongoing for this section, the remaining five corridors totalling approximately 76.4 km will be taken up immediately. Emphasising the project's importance in reducing traffic congestion and pollution in Greater Hyderabad, officials highlighted the successful completion of Phase I. The government has also reassessed and revised the Phase II proposals based on experiences from the first phase.Read more

13 Nov 2024

Gaurav Trehan, CEO of KKR India, recently purchased a luxurious sea-view apartment at Morena House on Carmichael Road, Mumbai, from JSW Realty, marking one of India's highest-value residential transactions. The upscale property spans over 5,000 sq. ft., includes exclusive amenities, and reflects ongoing demand for premium real estate in Mumbai. This acquisition aligns with recent trends in Mumbai's high-end property market, which continues to see growth, especially in prime areas like South and Central Mumbai, popular among affluent buyers and corporate executives.Read more

13 Nov 2024

The Supreme Court upheld the Bombay High Court's decision rejecting CIDCO's proposal to relocate a sports complex from Ghansoli to Nanore village in Raigad. The court stressed that Mumbai's play areas should not be urbanised and that the proposed relocation lacked proper consideration of local needs. CIDCO's decision to repurpose the land for a residential project instead of a sports facility was criticised as arbitrary and illegal. The Supreme Court's ruling reinforces the importance of preserving designated public spaces for sports in Mumbai, ensuring that urban development does not infringe on such areas critical for public welfare.Read more