26 Feb 2025

The Kerala government is moving closer to approving the final alignment for the Thiruvananthapuram Metro, with the finance department clearing the proposed route. A final presentation will be made before Chief Minister Pinarayi Vijayan before cabinet approval. Kochi Metro Rail Limited (KMRL) has urged expedited decision-making to secure central funding. Two potential routes have been identified, with the final choice shaping the project's reach. Infrastructure work, including the Sreekaryam flyover, has already begun. Once operational, the Metro aims to ease traffic congestion and improve urban mobility in Kerala's capital.Read more

26 Feb 2025

The Amritsar-Kolkata Industrial Corridor (AKIC), spanning 1,839 km across six states, is set to drive industrial expansion and economic development by leveraging the Eastern Dedicated Freight Corridor (EDFC). The project includes Integrated Manufacturing Clusters (IMCs) in each state, facilitating seamless logistics and manufacturing growth. With substantial public and private investments, AKIC aims to enhance exports, employment, and GDP contribution. The corridor is expected to boost demand for industrial and residential real estate, particularly in tier-2 and tier-3 cities, with rising land values and infrastructure development. The government's latest budget emphasizes accelerating industrial nodes, such as Gaya, further enhancing regional economic prospects.Read more

Arun Nair

26 Feb 2025

Karnataka Chief Minister Siddaramaiah has directed officials to regularize illegal residential layouts by issuing B-Khata as a one-time settlement within three months. This initiative aims to provide relief to property owners while increasing government revenue. The e-Khata system, already implemented in Mangaluru, Belagavi, and Bengaluru, seeks to enhance transparency, minimize corruption, and digitize property records. However, challenges such as data mismatches and incomplete ownership details have slowed adoption. The government's success in resolving these issues will determine the long-term effectiveness of e-Khata in streamlining property documentation, improving tax compliance, and simplifying real estate transactions across Karnataka.Read more

25 Feb 2025

Bollywood superstar Shah Rukh Khan has leased two luxury duplex apartments in Mumbai's upscale Pali Hill locality, Khar West, for a combined annual rent of INR 2.9 crore. The leases, signed with producer Jackky Bhagnani and his family, are for 36 months and were registered on February 14. The first duplex, at Puja Casa, comes with a monthly rent of INR 11.54 lakh and a security deposit of INR 32.97 lakh, while the second, located in a building owned by Vashu Bhagnani, has a monthly rent of INR 12.61 lakh with a security deposit of INR 36 lakh. These high-end leases reflect a growing trend among Bollywood celebrities opting for rented luxury properties.Read more

25 Feb 2025

The Rajasthan government has allocated INR 12,000 crore for Jaipur Metro Line 2, marking a milestone in the city's public transport expansion. The new line will connect Sitapura to Ambabari and extend to Vidhyadhar Nagar, improving accessibility. Managed by the newly formed Rajasthan Metro Railway Corporation (RMRC), the project signals a shift from the Bus Rapid Transport System (BRTS) to metro expansion. Alongside, INR 250 crore is earmarked for infrastructure projects, including flyovers, elevated roads, and green spaces. With a focus on sustainable urban mobility, the metro initiative aims to enhance connectivity, ease congestion, and drive economic growth in Jaipur.Read more

25 Feb 2025

The Purvanchal Expressway, spanning 340.8 km, is nearing completion and is expected to be fully operational by mid-2025. Designed to enhance connectivity between Lucknow and eastern Uttar Pradesh, the six-lane, access-controlled highway is expected to drive economic growth and urbanization. The INR 22,497 crore project, backed by state funding and bank loans, includes critical infrastructure such as flyovers, bridges, interchanges, and toll plazas. Towns like Sultanpur, Barabanki, and Azamgarh are witnessing rising land prices and real estate interest due to improved accessibility. The expressway will also integrate with the Agra-Lucknow Expressway, Gorakhpur Link Expressway, and Ganga Expressway, reinforcing Uttar Pradesh's position as a key logistics hub.Read more

24 Feb 2025

Recent developments in Mumbai infrastructure underscore the city's drive for enhanced urban connectivity and safety. The Mumbai Metropolitan Region Development Authority secured a INR 7326 crore loan to finance the ambitious Orange Gate to Marine Drive underground metro project, featuring a 9.2 km coastal road and 6.52 km dual tunnels with emergency lanes. These projects improve east-west links and establish a South Mumbai ring route. In parallel, Mumbai infrastructure news highlights the Brihanmumbai Municipal Corporation's civic budget increase, funding essential repairs, bridge reconstructions, and road upgrades across Mumbai and Thane, reaffirming a bold strategy for a resilient, globally competitive metropolis.Read more

24 Feb 2025

Google has opened its expansive new campus, Ananta, in Mahadevapura, Bengaluru. With a seating capacity for over 5,000 employees across divisions including Android, Cloud, and DeepMind, the campus emphasizes collaboration and individual work with diverse, accessible workspaces. Constructed using local materials, Ananta incorporates eco-friendly technologies such as water recycling, rainwater harvesting, and smart photochromic and electro-chromic glass. Google's expansion in Mumbai with premium leased spaces further underscores the company's investment in India's digital future, creating significant real estate news for the property market India and driving innovation globally.Read more

24 Feb 2025

Actress Amrita Singh has bought a luxury residential apartment in the Peninsula building, part of Nutan Laxmi Cooperative Housing Society in Juhu, Mumbai, for INR 18 crore. The flat measures a built-up area of 252.04 square metres (2,712.9 square feet) and is accompanied by three car parking spots. The cost per square foot is INR 66,359. The deal involved paying stamp duty of INR 90 lakh and a registration fee of INR 30,000, according to documents from the Inspector General of Registration (IGR) seen by Square Yards. This purchase comes on the heels of a commercial property bought by Singh and her daughter Sara Ali Khan in Oshiwara in October 2024. Actor Varun Dhawan has also recently invested in two luxury flats in Juhu, making the area even more sought after as a hub for Bollywood stars.Read more

Arun Nair

24 Feb 2025

India is witnessing a transformative shift in land management and property administration with state governments adopting digital solutions. In Karnataka, a GPS-based system and modern rovers have drastically reduced survey times, while advanced drone and RTK technologies ensure accurate mapping and secure land records. Puducherry's pilot drone project integrates geo-referenced maps with property data, aiding local administration. Gujarat is also modernizing its processes, with plans to digitize registrations and deploy QR code systems to streamline services for Gujarat real estate. These initiatives are part of a broader drive to enhance digital infrastructure and transparency, modernizing age-old practices across India comprehensively.Read more