News

After years of stalemate, the Mumbai-Goa coastal highway project is moving forward. A unified procurement for six bridges by the Maharashtra State Road Development Corporation (MSRDC) is expected to stimulate Konkan tourism and industry.

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.

Barbara Martin Coppola, Decathlon's worldwide CEO, said the French sports retailer is investing more in India's production and retail skills, underscoring the country's importance as a vital worldwide market.

DLF sells 4.67 acres of excellent Chennai property to Cholamandalam Finance for Rs 735 crore, one of Chennai's largest real estate land deals in Chennai.

Ashish Gumashta, the dynamic managing director of strategic initiatives at Motilal Oswal Financial Services, has bought a luxurious apartment in the coveted Bandra locality of Mumbai for around 36.19 crore rupees.

Maharashtra buys the famous Air India building at Nariman Point, Mumbai, for INR 1,601 crore. New state development and strategic planning begin with this historic purchase.

Many new neighbourhoods near IT centres like Whitefield and Sarjapura in Bengaluru are experiencing a water shortage. A severe water scarcity plagues the city as summer approaches. Residents, particularly in high-rise buildings, are anxiously seeking water. The situation is exacerbated by dry wells.

In Mira Bhayandar, Mumbai 24 ancient wells, some over a century old and others buried by builders, are set for revival with a ₹50 crore budget. This initiative aims to address the increasing water scarcity faced by the growing population.

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.

Vasai-Virar City Municipal Corporation has introduced an online system for property tax payments and accessing 51 different types of documents. This move greatly benefits residents by eliminating the need to visit the municipal office repeatedly, saving time and effort.

GV Research Platform (GVRP), a major bio-pharma contract research organisation, has leased a 130,000-square-foot Hyderabad R&D facility from Rx Propellant, a life sciences infrastructure supplier. The 10-year, Rs. 162 crore agreement is India's biggest life sciences real estate deal.

Southern Mumbai's new Eastern Freeway from Orange Gate to Grant Road will be built by the Municipal Corporation of Mumbai. Transport times and connections will be greatly reduced by this 5.5-kilometer corridor. Project completion is scheduled in three and a half years by J. Kumar Infra.

With ambitious aspirations to host an F1 motor racing circuit in its busy worldwide Finance Centre, GIFT City is on the fast road to become a worldwide sports powerhouse.

Given the large number of stalled housing projects, the SWAMIH fund, which finances their completion, has demonstrated potential but has scalability issues. Despite completing over 26,000 residences and recovering a major share of investor funds, it needs to expand its reach and efficiency.

Dedicated Monitoring Unit RequestThe Ministry of Housing should create a body to manage all state Real Estate Regulatory Authorities, according to a national homebuyers association. This suggestion was presented at a meeting with the Ministry of Housing and Urban Affairs.