21 Feb 2025

The Andhra Pradesh government has outlined land acquisition details for the Vizag metro rail project, requiring 99.8 acres, including nine acres of private land. Phase one, covering 46.23 km with 42 stations, has an estimated cost of INR 11,498 crore. Key corridors include Vizag Steel Plant to Kommadi, Gurudwara to Old Post Office, and Thatichetlapalem to Chinna Waltair. Political delays slowed progress, but the NDA-led government is now seeking full central funding. With tenders pending approval, the project is set to enhance Vizag's transport infrastructure, though land acquisition and funding challenges remain critical hurdles.Read more

21 Feb 2025

Navi Mumbai Municipal Corporation (NMMC) has been included in the 'Super Swachh League' along with Indore and Surat in the Swachh Survekshan rankings. A 21-member study group from the Indian Institute of Management (IIM) Indore recently visited NMMC to understand wastewater management practices. The delegation explored key infrastructure, including the sewage treatment plants and recycled water usage. Additionally, a special meeting led by Municipal Commissioner Dr. Kailash Shinde was held with construction professionals, architects, and contractors to encourage the use of tertiary treated water for construction and industrial purposes. Experts highlighted the benefits of treated water in reducing dependency on drinking water, with industry representatives expressing their willingness to cooperate.Read more

21 Feb 2025

The Mumbai-Nagpur Samruddhi Expressway is nearing completion on its 76-km stretch between Igatpuri and Amane near Bhiwandi, with officials expecting it to open by March. The Maharashtra State Road Development Corporation (MSRDC) has confirmed that final works, including lane marking and painting, will be completed soon, making the highway ready for public use. The project, initially delayed due to political transitions, aims to enhance connectivity and reduce travel time. Additionally, MSRDC is addressing concerns regarding the lack of roadside amenities by developing ten utility areas along the corridor. The expressway will integrate with the Mumbai-Vadodara Expressway at Amane, further improving regional transport links.Read more

20 Feb 2025

The Mumbai Housing and Area Development Board (MHADB), a division of the Maharashtra Housing and Area Development Authority (MHADA), recently conducted a clearance drive to reclaim eight acres of prime land in the Juhu-Andheri area. This action followed a Bombay High Court ruling permitting the removal of unauthorised structures, including shanties. The land was initially allocated for a Slum Rehabilitation Scheme (SRA), but a survey found that a significant portion was ineligible for rehabilitation, leading to the suspension of the No Objection Certificate (NOC) for the project. Despite legal disputes, MHADA officials proceeded with the eviction, asserting their commitment to safeguarding public land from illegal encroachments.Read more

Vidhi Sangoi

20 Feb 2025

Launched in 2015, India's Smart Cities Mission set out to transform 100 cities by integrating technology into urban infrastructure, services, and governance. As the mission nears its tenth anniversary, it has sanctioned over 8,000 projects worth INR 1,64,669 crore. While cities like Surat and Indore have seen improvements in waste management and transportation, challenges persist, including delays, funding constraints, and bureaucratic inefficiencies. Real estate, initially expected to boom, has experienced mixed results. Cities like Pune saw growth in property values, but areas with unfinished projects, such as Udaipur and Ranchi, have seen stagnation. For the mission to succeed, consistent execution, better coordination, and sustained investment are essential.Read more

20 Feb 2025

Zaheer Khan, accompanied by his wife Sagarika Ghatge and her brother Shivjeet Ghatge, recently bought an apartment in Lower Parel, Mumbai, for INR 11 crore. The spacious apartment, located in Indiabulls Sky, offers 2,158 sq ft of carpet area and 2,590 sq ft of built-up space. The deal involved a stamp duty of INR 66 lakh and a registration fee of INR 30,000. The transaction was completed in February 2025. The current average resale price in the project stands at INR 49,096 per sq ft.Read more

20 Feb 2025

Survey and investigation works for Hyderabad's Metro corridors from JBS to Medchal and Shamirpet are progressing swiftly, with studies on traffic patterns, soil conditions, and environmental impact nearing completion. Traffic surveys assess commuter trends, while soil tests ensure structural stability, with 14 tests completed on the JBS-Medchal route and 11 on JBS-Shamirpet. Environmental assessments focus on air quality, noise pollution, and biodiversity. The 24 km JBS-Medchal and 21 km JBS-Shamirpet corridors will enhance connectivity. Detailed project reports (DPRs) are expected by March-end for state approval, marking a key milestone in Hyderabad's metro expansion efforts.Read more

19 Feb 2025

Protean eGov Technologies has secured a lease for 68,021 sq ft of office space at One International Center in Lower Parel, Mumbai. The lease, facilitated by Colliers India, spans five years at a monthly rental rate of INR 185 per sq ft. The company aims to establish an innovative workspace aligned with its mission of digital governance. The commercial real estate sector continues to thrive, with Mumbai witnessing a fourfold increase in Global Capability Centres (GCCs) uptake in 2024. Additionally, recent large-scale office space transactions, including those by NPCI and HDFC Bank, indicate strong demand in Mumbai.Read more

19 Feb 2025

The Maharashtra Housing and Area Development Authority (MHADA) and the Slum Rehabilitation Authority (SRA) have decided to accelerate work on 17 slum redevelopment projects, aiming to deliver 25,000 housing units. The largest of these projects is the one in Malvani Malad, which involves 14,000 slum dwellers. Eight projects have already been reassigned due to issues under Section 13(2) of the Slum Rehabilitation Act. Feasibility assessments for five additional projects are ongoing. To ensure efficiency, officials have been directed to conduct biometric surveys, improve connectivity to project sites, and remove ineligible slum dwellers.Read more

19 Feb 2025

Goa's government is set to open up real estate opportunities by releasing unused land parcels under a public-private partnership (PPP) model. The Goa Rehabilitation Board and the Goa Housing Board has invited developers through NAREDCO Maharashtra to invest in residential, commercial, and mixed-use projects. Goa's booming real estate market is driven by rising property values, strong rental yields, and increased interest from global investors, particularly in North Goa. The state's infrastructure expansion, including new airports and expressways, further enhances its investment appeal. With a growing demand for second homes and rental properties, Goa is positioning itself as a top-tier real estate destination.Read more