13 Mar 2025

The Brihanmumbai Municipal Corporation (BMC) has issued an INR 85 crore tender for the operation and maintenance of the Mumbai Coastal Road Project over five years. Responsibilities include firefighting systems, patrolling, towing, lane marking, and signage upkeep. While critical systems like tunnel ventilation, SCADA, and UPS will remain under the current contractor for two more years, they will later be integrated into the new contract. Additionally, BMC has partnered with Tata Sons to enhance road dividers along a 4.4 km stretch and is seeking CSR support for open space development. These efforts aim to enhance Mumbai's key transport infrastructure and public spaces.Read more

13 Mar 2025

Bollywood actor Akshay Kumar has reportedly sold his apartment in Borivali East, Mumbai, for INR 4.35 crore. The property, situated in Oberoi Realty's Sky City project, spans 1,073 sq. ft. and includes two dedicated car parking spaces. This transaction was registered earlier this week, attracting a stamp duty of INR 26.1 lakh and registration charges amounting to INR 30,000. Market data has shown that Sky City continues to perform strongly, with 208 sale registrations between March last year and this February, amounting to INR 818 crore. Notably, Amitabh Bachchan and Abhishek Bachchan were reported to have acquired multiple units in the same project last year.Read more

13 Mar 2025

Rajasthan is driving industrial expansion and economic growth through strategic initiatives, aiming to become a USD 350 billion economy in five years and achieve "Viksit Rajasthan 2047". The "Rising Rajasthan" Global Investment Summit (Dec 2024) secured INR 30 lakh crore (USD 400 billion) in MoUs, with major investments in renewable energy, including Tata Power's INR 1.2 lakh crore pledge. The government is focusing on land banks for industrial zones, infrastructure development, and digital services. With 17% GDP growth projected and FDI inflows of INR 1.97 trillion (2019-2024), Rajasthan is emerging as a key investment hub with global partnerships.Read more

12 Mar 2025

A record-breaking luxury apartment sale in Mumbai's Juhu area saw Paresh and Avni Shah purchase a 9,863 sq. ft. unit in Avalon Tower for INR 106 crore, marking a price of over INR 1 lakh per sq. ft. The transaction reflects Mumbai's booming high-end real estate market, with the tower's completion set for 2028. Similar luxury sales have been recorded across India, including a INR 75 crore penthouse in Delhi, an INR 80 crore villa in Bengaluru, and a INR 45 crore apartment in Chennai. Rising demand for luxury homes signals strong investment potential in India's real estate sector.Read more

12 Mar 2025

The National Capital Region Transport Corporation (NCRTC) plans to develop commercial and residential hubs along the Delhi-Meerut Namo Bharat corridor, utilizing 90+ hectares of land across Duhai, Modipuram, Ghaziabad, and Meerut. The project includes malls, office spaces, rental housing, and hospitals, aligning with Transit-Oriented Development (TOD) principles. A Project Management Unit (PMU) will oversee execution. With the corridor's 82-km stretch set for full completion by 2025, NCRTC aims to boost real estate, improve mobility, and generate non-fare revenue, following global models like Hong Kong's MTR and Singapore's MRT.Read more

12 Mar 2025

Bengaluru is undergoing a major infrastructure overhaul to improve urban mobility, reduce congestion, and enhance economic growth. The state government has increased BBMP's annual grant from INR 3,000 crore to INR 7,000 crore, with a Special Purpose Vehicle (SPV) ensuring efficient project execution. Key projects include tunnel roads (INR 19,000 crore), a 40.5 km double-decker flyover (INR 8,916 crore), and a 98.6 km metro expansion. The Bengaluru Business Corridor (INR 27,000 crore) aims to boost commercial activity, while major industrial investments include Foxconn's INR 6,970 crore mobile plant and a Japanese Industrial Park. These initiatives will redefine Bengaluru's urban and economic landscape.Read more

12 Mar 2025

Federal Bank has appointed Vidya Balan as its first-ever brand ambassador, marking a strategic move to enhance its national presence. CEO KVS Manian emphasized that Balan's values align with the bank's principles, making her an ideal choice. She praised the bank's 'Human at the Core, Digital to the Fore' approach, highlighting its commitment to customer service and innovation. The collaboration will span television and digital campaigns to strengthen brand engagement. This initiative supports Federal Bank's broader strategy to enhance financial services while promoting women's empowerment and inclusivity in the banking sector.Read more

11 Mar 2025

The Bangalore Aerospace Special Economic Zone (SEZ) near Devanahalli, North Bengaluru, has emerged as a key hub for aerospace and defense manufacturing, attracting global giants like Boeing, Airbus, and Bombardier. Spread across 950 acres, including a 250-acre SEZ, the zone supports 56+ companies and employs over 2,500 people, with employment set to rise. The SEZ has fueled real estate growth, driving up property values and demand for luxury apartments and commercial spaces. With USD 2.2 billion expected in investments, metro connectivity, and infrastructure expansion, Devanahalli is rapidly transforming into a high-growth commercial and residential hub.Read more

Vriti Gothi

11 Mar 2025

Maharashtra CM Shri Devendra Fadnavis recently announced that most of Mumbai's 374-km metro network will become operational by 2027, with several lines, including Metro Line 3 (Aqua), 7A, 4, and 4A, launching by year-end. Meanwhile, officials are considering extending the underground stretch of Metro Line 5 (Orange Line) from 2 km to 5 km to reduce demolition and displacement. The 24.9 km Orange Line, linking Thane, Bhiwandi, and Kalyan, is expected to cut travel time to 35-40 minutes. Despite delays, completion is targeted for 2026-27.Read more

11 Mar 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has inaugurated a state-of-the-art double-decker flyover in Mira Bhayander, aiming to revolutionise urban mobility. This innovative infrastructure integrates Metro Line-9 with road transport, featuring a shared pier structure-a first in transit solutions. Spanning approximately 1 kilometre, the flyover is designed to alleviate traffic congestion by bypassing major bottlenecks and enhancing connectivity. It boasts advanced safety features, including reinforced concrete anti-crash barriers, reflective signage, and superior lighting. Part of the ambitious Metro Line-9 project, this flyover exemplifies next-generation urban transport planning, ensuring both efficiency and safety.Read more