31 Dec 2024

The Karnataka government has issued a preliminary notification to acquire land for the first stage of Metro's Phase III project. A total of 26,811 square metres of land will be acquired to build an elevated line and Metro stations between JP Nagar 4th Phase and Mysuru Road station. The project will also impact 197 private properties, including residential buildings and vacant sites. Along with this, 10,892 square metres of government-owned land will also be needed. The Phase III plan was approved earlier this year, and construction work will follow a geotechnical survey.Read more

31 Dec 2024

The Patna Metro, a INR 13,365.77 crore project overseen by the Patna Metro Rail Corporation Limited (PMRCL), aims to modernise Bihar's capital with efficient and eco-friendly transit. Comprising two corridors spanning 32.91 km - the East-West Corridor (Danapur Cantonment to Khemni Chak) and North-South Corridor (Patna Junction to New ISBT) - the metro promises reduced congestion and shorter commutes. Funded by central and state governments, with JICA financing 60%, the project is set to launch by August 2025. This transformative initiative will boost connectivity, economic growth, and quality of life, marking Patna's leap toward sustainable urban development.Read more

31 Dec 2024

Launched in 2017, Bharatmala Pariyojana aims to revolutionize India's highway infrastructure with 34,800 km of roadways at a cost of INR 5.35 lakh crore. By linking industrial hubs, rural areas, and border regions, it enhances connectivity and reduces logistics costs. Key projects include the Delhi-Mumbai Expressway and the India-Myanmar-Thailand Highway. With 18,714 km constructed and 26,425 km contracted as of October 2024, progress is significant despite delays due to land and environmental challenges. Future plans focus on greenfield expressways and intelligent transport systems, reinforcing Bharatmala's role in driving economic growth and fostering regional development.Read more

31 Dec 2024

India's sustainable real estate is advancing through policies like the Smart Cities Mission, which has completed 6,419 projects worth INR 1.25 lakh crore. Initiatives such as ECBC, GRIHA, and LEED certifications are driving eco-friendly construction, with green-certified Grade A offices comprising 82% of new supply in 2023. Financial incentives, including GST exemptions and proposed tax benefits, aim to boost adoption. Challenges remain in smaller cities due to limited resources and awareness. However, with technology, renewable energy integration, and collaborative efforts, sustainable real estate is redefining urban growth, offering a resilient and eco-friendly future for India's cities.Read more

Vidhi Sangoi

30 Dec 2024

The Thiruvananthapuram Metro, a 42.1-kilometre light rail system with 37 stations, is set to revolutionize public transport in Kerala's capital city. With two primary lines connecting key hubs like Technocity, Kazhakoottam, and Karamana, the metro aims to tackle traffic congestion, reduce pollution, and offer a modern commuting experience. Approved at a cost of INR 4,219 crore, construction begins in 2025 with completion expected by 2030. Managed by KRTL, the metro features modern amenities and seamless integration with existing transport networks. This transformative project promises to enhance connectivity, drive economic growth, and position Thiruvananthapuram as a model for sustainable urban development.Read more

30 Dec 2024

The National Capital Region Transport Corporation (NCRTC) has invited bids to lease 45,469 square meters of commercial space across six stations along the Delhi-Meerut Regional Rapid Transit System (RRTS) corridor. This initiative is part of the larger 30,000-crore RRTS project aimed at improving connectivity between Delhi and Meerut. The leased spaces will host various facilities like healthcare units, co-working hubs, fitness centres, and mobility services. NCRTC also plans to integrate parking facilities with commercial spaces, contributing to the project's financial sustainability. Real estate experts anticipate the RRTS will boost property markets in satellite towns such as Ghaziabad, Modinagar, and Meerut, driving regional economic growth.Read more

Vidhi Sangoi

30 Dec 2024

India's sustainable real estate sector is reshaping urban landscapes amidst rapid urbanisation, with green building space growing from 20,000 sq ft in 2001 to 10.25 billion sq ft by 2023. The Indian Green Building Council (IGBC) and GRIHA certifications drive adoption, offering up to 50% energy and 30% water savings. Landmark projects like Infosys' Net Zero Energy Buildings and DLF Cyber City's water recycling systems showcase the shift. Residential complexes like Tata Housing's Serein and commercial hubs like Embassy Office Parks REIT reflect investor confidence in ESG-compliant properties. Beyond cost efficiency, green buildings enhance social well-being, signalling a sustainable urban future.Read more

30 Dec 2024

The SVAMITVA Scheme, launched in 2020, is set to distribute over 58 lakh property cards across 50,000 villages in 12 states and union territories, with Prime Minister Narendra Modi addressing the virtual event. The initiative aims to provide a "Record of Rights" to property owners in rural India, specifically in Village Abadi areas. Union ministers will also attend local events in various states to distribute property cards. The scheme has made significant progress, with 2.19 crore property cards finalized so far and 92% of drone mapping completed. The goal is to complete the program by 2026.Read more

Vidhi Sangoi

27 Dec 2024

Minister for Municipal Administration and Urban Development Ponguru Narayana announced that Amaravati's development projects, including 1.18 lakh TIDCO housing units, are set for completion by June 2025. During the CRDA's 44th meeting, it was revealed that INR 102 crore has been allocated to address non-performing assets within TIDCO housing, ensuring progress on stalled units. The CRDA has also approved road projects worth INR 2,723 crore in Zones 7 and 10, with tenders to be issued by January 2025. The government has cleared developmental works totaling INR 47,288 crore, emphasizing a balanced approach to infrastructure across Andhra Pradesh's 26 districts.Read more

Vidhi Sangoi

27 Dec 2024

Launched in 2015, the Sagarmala Programme aims to modernize India's ports, enhance connectivity, and promote coastal industrialization, leveraging the country's 7,517-km coastline. With 802 projects worth INR 5.5 lakh crore planned by 2035, it has already completed 215 projects valued at INR 99,173 crore. Key initiatives include port upgrades, new greenfield ports, rail-road linkages, and Coastal Economic Zones like GIFT City and the Visakhapatnam-Chennai Industrial Corridor. The program is estimated to save INR 40,000 crore annually in logistics costs, create 40 lakh jobs, and position India as a global trade hub. Future goals include sustainable practices and smart port technologies.Read more