A monumental 2,000-metric-ton arch bridge, integral to the Mumbai Coastal Road project, embarked on its voyage from Mazagon Dock's Nhava unit at 12:30 PM recently.

Baashyaam Constructions will buy a prime land from Standard Chartered Bank in Chennai. The INR 800 crore transaction covers a 4.6-acre plot that Standard Chartered bought from ANZ Grindlays Bank.

The Indian Finance Ministry has extended PMAY-G funds till September 2024 to build 3.5 million rural dwellings. This prolongation is part of the government's pursuit of "housing for all" by March 2024.

Land record digitalization will be prioritised by the Indian government to streamline land procedures. The incoming government is likely to support this critical effort with roughly ₹1,035 crore. To speed up land acquisition and construction, the initiative seeks to digitise all land records by 2026

Mulund's Purvarang Society encouraged self-redevelopment out of fear of fraud, an encouraging gesture. This bold move resulted in the destruction of their old building and a lavish groundbreaking ceremony.

Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.

The Maharashtra Housing and Area Development Authority (MHADA) has reduced plot contract violation fines. MHADA's six-month amnesty policy includes this decrease. Under certain scenarios, the programme reduces offenders' penalty costs.

Sustainable building and eco-friendly materials are becoming more important in Indian real estate. Due of its large contribution to global pollution and carbon emissions, the industry is adopting greener building methods.

The MPL 10 competition, organised by CREDAI MCHI, became a CSR platform. The tournament's inclusive semi-finals saw Team Rustomjee and Team B Kandhari advance to the Dubai grand final with the enthusiastic involvement of construction site youngsters.

Four girders for the bridge connecting Worli to the Coastal Road and Bandra-Worli Sea-Link will be installed in March, with the entire bridge expected to be operational by May, 2024. This step is part of the larger Mumbai Coastal Road Project (MCRP), aimed at enhancing connectivity in the region.

Magicbricks has introduced MagicHomes, a fresh way to help you find the latest housing projects across India's big cities. Whether you're looking in Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Pune, Ahmedabad, or Chennai, MagicHomes is here to make your search easier.

In Mumbai, a big project to connect two important bridges, Gokhale and CD Barfiwala Flyovers, is facing delays. The city's officials have shared that finishing this task might take until the end of the year. This news means more traffic jams for people driving on SV Road, especially when it rains.

Larsen & Toubro's Buildings & Factories Division has recently secured a contract from a prominent real estate developer, marking a significant addition to their portfolio. The contract's scope involves the construction of multi-story residential towers in Thane.

L&T Construction has won a major contract to build multi-storied residential buildings in Thane, Mumbai. This project highlights the company's leadership in high-rise building and dedication to urban improvement.

At the heart of Trevoc Group's operations lies a deep-rooted philosophy that transcends mere construction. The group is committed to sustainable development, intertwining energy efficiency, innovative technologies, and eco-friendly designs into the fabric of its projects.