30 Jun 2025

The RailTrans Expo 2025 was inaugurated in the capital this week by the Indian Chamber of Commerce in collaboration with the Urban Infra Group. With the theme centred around "Viksit Bharat @2047 - Rail & Mobility for a Developed India", the event assembled key voices from government, industry, and academia. Speakers underscored the pivotal role of Indian Railways in shaping the nation's economic and sustainable transformation, with particular focus on digital infrastructure, talent development, green innovation, and global benchmarking.Read more

28 Jun 2025

Maharashtra Chief Minister Shri Devendra Fadnavis has directed officials to complete the Thane-Borivali twin tunnel and similar infrastructure projects in the state within a three-year timeframe. During a recent review meeting, he insisted on fast-tracking rehabilitation efforts for displaced families, acquiring forest clearances, and expediting work on the Borivali-end. The 11.84-km tunnel, scheduled for completion by the end of 2028, is set to slash travel time from over an hour to just 15 minutes. With an estimated cost of INR 12,057 crore, the project also promises substantial fuel savings and a sharp cut in carbon emissions.Read more

27 Jun 2025

Rapido has partnered with the government-backed Open Network for Digital Commerce (ONDC) and the Delhi Metro Rail Corporation (DMRC) to introduce metro ticket booking through its app. As part of this initiative, the company will provide first-time users a free ride and offer fixed-fare rides to and from metro stations for INR 25. Initially rolled out at 30 Delhi metro stations, the service will include designated pick-up and drop-off points. Rapido, which already facilitates metro ticketing in Kochi and Chennai, claims to serve over 8 lakh daily users, 40% of whom are women drivers.Read more

25 Jun 2025

At a recent MCCI webinar, Union Commerce Minister Piyush Goyal stated that India is poised to become the world's third-largest economy by 2027 and achieve a USD 5 trillion economy within three years. Highlighting India's transformation from the 'fragile five' to a top-five global economy, he credited resilient macroeconomic policies, strong banking systems, and low inflation. Emphasising decisive action during global uncertainty, he outlined the government's vision for 'Viksit Bharat 2047' with honest, inclusive, and sustainable growth. He praised India's youth-driven aspirations and reiterated the government's commitment to good governance, innovation, and international collaboration, while commending MCCI's century-old role in shaping industry policy.Read more

25 Jun 2025

Chembur is swiftly emerging as one of Mumbai's most promising growth corridors, propelled by the soon-to-be-operational Metro Line 2B that connects DN Nagar to Mandale. Spanning 23.6 km with 20 stations, this corridor enhances the suburb's accessibility to key business hubs and integrates it with Mumbai's wider infrastructure web. Supported by major road and rail networks, Chembur's mobility appeal is attracting homebuyers and investors alike. Property rates have already appreciated by 8% in the past year, and with Phase 1 of the metro nearing completion, a further price increase of 15-20% is anticipated.Read more

24 Jun 2025

The Maharashtra government has released a draft of updated rules for co-operative housing societies, aiming to simplify governance, enhance transparency, and modernise procedures. Key changes include doubling the registration fee to INR 5,000, equal maintenance charges for all flats, and reduced penal interest on dues from 21% to 12%. A new provisional member category allows nominees of deceased members to vote until ownership is officially transferred. Societies must maintain multiple dedicated funds and can now secure redevelopment loans up to 10 times the land value. Virtual meetings are permitted, and commercial shops gain formal participation rights. The reforms will impact over 1.25 lakh societies statewide.Read more

23 Jun 2025

Housing sales in India's top nine cities fell below 1 lakh units for the first time since Q3 2021, with 94,864 units sold in April-June 2024-a 19% drop year-on-year, says PropEquity. New launches also fell 30% to 82,027 units. Cities like Mumbai, Thane, Pune, Hyderabad, and Navi Mumbai saw steep declines, while Bengaluru and Kolkata had milder drops. Delhi-NCR and Chennai bucked the trend with sales rising 16% and 9%, respectively. Analysts suggest the slowdown signals a market correction, with developers cautious amid unsold inventory and changing buyer behaviour. The trend reflects an evolving landscape in India's post-pandemic housing market.Read more

23 Jun 2025

The third edition of the Bengaluru Retail Summit, organised by the Retailers Association of India, brought together top industry voices to explore the future of retail amid a rapidly evolving market. Held in Bengaluru, the event focused on how innovation and technology are reshaping retail strategies, especially in a city known for tech-forward consumers and deep cultural roots. Key sessions revolved around omnichannel trends, digital integration, consumer behaviour, and retail transformation, with participation from leaders across Amazon India, Reliance Retail, Zivame, SNITCH, Amant' India, and Lifestyle International, among many others.Read more

23 Jun 2025

The upcoming Mulund-Airoli-Palava Freeway, set to open by March 2026, is poised to dramatically cut commute times-25 minutes from Mulund to Airoli and just 20 minutes from Airoli to Palava-transforming connectivity in Mumbai's eastern suburbs. Beyond easing travel, the project is expected to spark real estate growth in areas like Kalyan, Dombivli, and Katai. Historically, infrastructure upgrades like the Eastern Freeway and Metro Line 1 have triggered significant property appreciation, and experts anticipate similar trends here. Developers are eyeing the corridor as MMR's next growth hotspot, with improved access and affordable land making it ideal for residential and mixed-use projects amid Mumbai's ongoing eastward expansion.Read more

23 Jun 2025

The All-India House Price Index (HPI), released by the Reserve Bank, registered an annual increase of 3.1% during the January-March quarter of FY 2024-25. This mirrored the growth rate of the preceding quarter, though lower than the 4.1% rise recorded a year earlier. Based on transaction data from ten major cities, the HPI exhibited significant regional disparities: Kolkata saw the steepest annual increase at 8.8%, whereas Kochi experienced a contraction of 2.3%. Every quarter, the national index rose by 0.9%, with cities like Bengaluru, Jaipur, Kolkata, and Chennai showing notable gains.Read more