27 Nov 2024

The Central Government has approved 228 infrastructure projects worth over INR 15.88 lakh crore under the PM Gati Shakti Masterplan in the past three years, focusing on roads, railways, urban development, and oil and gas. Led by the DPIIT's Network Planning Group, all projects above INR 500 crore undergo rigorous appraisal before approval. The initiative involves 44 central ministries, 36 states/UTs, and 27 aspirational districts. Supported by the 2022 National Logistics Policy, 26 states/UTs have implemented logistics policies, with nine granting industry status to the sector. Plans to engage the private sector highlight India's push for efficient connectivity and logistics growth.Read more

27 Nov 2024

The Bhopal Metro project is advancing, with trial runs on the 7 km Subhash Nagar-AIIMS Bhopal stretch expected soon and operations targeted for July 2025. Part of the first phase, the metro spans 31 km with two lines: Orange (AIIMS to Karond) and Blue (Ratnagiri to Bhadbhada). Eight stations along this stretch, including DRM Office and AIIMS Bhopal, are nearing completion. The recently finished Habibganj rail overbridge enhances connectivity. Once operational, the metro will provide an efficient, eco-friendly transport solution, easing traffic congestion and improving access to key locations, marking a transformative step for Bhopal's urban infrastructure.Read more

26 Nov 2024

The Jaipur Development Authority (JDA) has launched an online auto-calculation service for determining lease deed fees, available exclusively for plot owners in the Prithviraj Nagar (PRN) region. This digital initiative enables users to calculate various charges-such as the lease deed fees, the name transfer, the subdivision, and the plot reorganisation-directly on the JDA website. Plot owners enter property details to receive a breakdown of costs, including allotment fees, administrative charges, and conservation funds. The service supports both residential and commercial properties, enhancing convenience by eliminating the need for physical visits. JDA plans to expand this service across all authorised zones.Read more

26 Nov 2024

Indore is set to enhance its logistics infrastructure with the upcoming Multi-Modal Logistic Park (MMLP) in Pithampur, developed on 112.6 hectares of land acquired by the Madhya Pradesh Industrial Development Corporation (MPIDC). The INR 1,110.6 crore project, funded through a Public-Private Partnership (PPP) model, will integrate road and rail transport to boost supply chain efficiency and reduce costs. Addressing land acquisition challenges, the state approved INR 30.5 crore for double compensation to local landowners. Slated to begin by end-2024, the MMLP is poised to attract investments, create jobs, and strengthen Madhya Pradesh's position as a logistics hub.Read more

26 Nov 2024

The Indian government has approved the construction of an additional two crore houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) to improve rural housing by 2029. Building on the 2.67 crore houses already completed, this phase includes updated eligibility criteria, such as higher income limits and relaxed asset conditions. A new survey using facial recognition technology will identify beneficiaries, ensuring transparency and accuracy. Financial aid of INR 1.20-1.30 lakh will be provided based on region. The initiative, expected to benefit 10 crore individuals, aims to enhance rural living standards and support economic growth by addressing evolving housing needs.Read more

25 Nov 2024

The Gujarat government is developing master plans to protect 23 eco-sensitive zones (ESZs) while promoting sustainable development. These plans will outline specific guidelines for construction, agriculture, and economic activities across 771 villages within the zones. Key components include ecological resource mapping, sustainable tourism frameworks, waste management protocols, and water conservation measures. Local stakeholders, such as village panchayats and environmental experts, are actively involved in the process. District-level committees will monitor compliance and implementation. Despite challenges, particularly in Gir, the government aims to balance conservation with local development aspirations, offering alternative livelihoods and addressing human-wildlife conflicts through these initiatives.Read more

25 Nov 2024

The Bombay High Court has mandated municipal corporations, councils, and urban local bodies in Maharashtra to integrate their websites with the MahaRERA portal within three months. This integration aims to enable real-time verification of commencement and occupation certificates, addressing concerns over forged documents and unauthorised constructions. The directive stems from a PIL highlighting non-compliance in Kalyan and Ambernath. Pending integration, authorities must upload these certificates within 48 hours of issuance. This move aligns with the RERA Act's provisions, ensuring transparency and protecting homebuyers by curbing fraud. The state government must ensure complete compliance to foster a secure real estate ecosystem.Read more

22 Nov 2024

The Visakhapatnam Metro Rail project is advancing as the state government, led by Minister P. Narayana, has forwarded its master plan to the central government for approval. Addressing assembly concerns, Narayana assured that a revised Detailed Project Report (DPR), based on the Comprehensive Mobility Plan (CMP), will also be submitted for additional clearance. The project, a commitment under the AP Reorganisation Act of 2014, was initially planned by DMRC in 2015, proposing a 42.5 km network across three corridors. While delays persist, the renewed focus on approvals and revisions reflects the government's determination to enhance urban mobility. Once approved, the project promises to improve connectivity and boost regional development.Read more

22 Nov 2024

The Karnataka government's initiative to require Aadhaar, passport, or PAN card for property registration has been well-received, with around 60% of registrations processed through Aadhaar verification in the past month. This measure aims to curb fraudulent property transactions and improve transparency. Revenue Minister Krishna Byregowda emphasised that Aadhaar verification helps identify legitimate property owners, prevents fraudulent registrations, and exposes benami properties. The department piloted this rule in three taluks before implementing it statewide. Data protection measures for Aadhaar verification are also in place.Read more

22 Nov 2024

Bollywood stars Deepika Padukone and Ranveer Singh have leased a 2,319.50 sq. ft. apartment in Beau Monde Towers, Prabhadevi, Mumbai, for INR 7 lakh monthly rent, increasing to INR 7.35 lakh after 18 months, with a INR 21 lakh security deposit. This complements their growing real estate portfolio, which includes a INR 17.8 crore Bandra apartment and a record-breaking INR 119 crore Bandstand quadruplex. Their premium properties, featuring tailored designs and modern amenities, reflect a strategic investment in Mumbai's redeveloped and luxury housing market. The couple's real estate choices underline their focus on exclusivity, long-term value, and prime locations.Read more