09 Jun 2025

In a decisive move to enhance transparency and homebuyer empowerment, MahaRERA has revamped its project registration certificate to include key project details in a reader-friendly bullet-point format. The new certificate now lists information such as total built-up area, number of buildings and floors, residential and non-residential units, and parking slots. It will also reflect future project updates like timeline extensions or ownership changes. This initiative, applicable to all new housing projects with immediate effect, is expected to significantly aid buyers in making informed decisions.Read more

09 Jun 2025

The fourth edition of Biznet, a B2B event hosted by CREDAI MCHI Thane, turned out to be a resounding success, drawing over 170 developers from the Mumbai Metropolitan Region (MMR) and more than 20 vendors. Held at TopTop Plaza in Thane West, the event aimed to foster collaboration between suppliers and developers, showcase emerging technologies, and generate business worth INR 100 crore-an ambitious target that was met. Purchase managers and key industry stakeholders used the platform to forge connections, sign MoUs, and discuss innovation in real estate.Read more

06 Jun 2025

India plans to add 50 new airports over the next five years, Union Minister K Rammohan Naidu announced at IATA's annual meeting. The country now operates 162 airports, up from 74 in 2014, driven by initiatives like the UDAN scheme, which has launched 619 regional routes connecting tier-2 and tier-3 cities. The government also aims to make India a global Maintenance, Repair and Overhaul (MRO) hub, targeting USD 4 billion in MRO market value by 2031. Naidu called for global collaboration on sustainable aviation fuel (SAF) to decarbonise the sector. With India among the world's fastest-growing aviation markets, these expansion plans will strengthen domestic and international connectivity, boost industry partnerships, and promote greener air travel. The move signals a strong, future-forward vision for India's aviation sector.Read more

05 Jun 2025

Meerut has become India's first city to integrate Transit-Oriented Development (TOD) zones into its 2031 Master Plan, promoting high-density, mixed-use communities around the Namo Bharat and Meerut Metro corridors. The Meerut Development Authority (MEDA) has designated 3,273 hectares for TOD, with 2,442 hectares mapped across seven TOD zones and two Special Development Areas. A 300-hectare township will be auctioned to private developers to fund the initiative. In partnership with NCRTC, the project aligns TOD zones with transit hubs to boost connectivity and reduce vehicle dependence. The Uttar Pradesh government is supporting the plan with value capture financing through FSI sales and land monetization. Inspired by global models, Meerut's TOD strategy aims to foster sustainable urban growth, improve livability, and serve as a blueprint for future Indian cities embracing integrated transit and development.Read more

05 Jun 2025

Mumbai ranks 6th worldwide among 97 cities for data centre capacity under construction, per Cushman & Wakefield's 2025 Global Data Center Market Comparison report. The city is adding 335 MW, expected to expand operational capacity by 62%. U.S. cities lead the list-Virginia (1,834 MW), Atlanta, Columbus, Dallas, and Phoenix-while Mumbai tops Asia-Pacific markets. Executive Managing Director Gautam Saraf highlighted Mumbai's strategic edge: a resilient digital backbone, reliable power, and growing interest from hyperscale operators. The city currently hosts over 50% of India's total data centre capacity, supported by assets like 12 cable landing stations and the MIST submarine cable. While land and power availability remain challenges, strong demand from cloud computing and AI workloads continues to drive growth. With a robust infrastructure pipeline, Mumbai is poised to strengthen its role as India's data centre hub.Read more

04 Jun 2025

The East-West Industrial Corridor Highway in Arunachal Pradesh is a transformative infrastructure project designed to enhance regional connectivity and bolster economic growth along the lower Himalayan foothills. Stretching nearly 967 km from the tri-junction of Bhutan, Assam, and Arunachal Pradesh to that of Nagaland, Assam, and Arunachal Pradesh, the two-lane highway forms part of the Special Accelerated Road Development Programme for the North East (SARDP-NE). Integrating an existing national highway section and extending through nine districts, it aims to connect strategic border areas while advancing India's 'Look East' policy. Spearheaded by the state government with support from central ministries, the project combines multiple funding and construction models to deliver a key industrial corridor with significant strategic and economic implications.Read more

04 Jun 2025

Prime Minister Shri Narendra Modi inaugurated a 5-km underground section of Kanpur Metro this week, with key works-including Kanpur Central Metro Station and 2.4 km of tunnelling-executed by Afcons Infrastructure Ltd under the KNPCC-06 package. The project included a 3.826-km underground corridor with three stations-Kanpur Central, Jhakarkatti, and Transport Nagar-constructed using shield Tunnel Boring Machines (TBMs). Despite challenges from fragile structures, Afcons ensured timely and precise delivery. Previously, Afcons built the Priority Section (IIT Kanpur to Motijheel) featuring an elevated viaduct and nine stations. The firm is a leading player in India's metro construction sector, with notable achievements like Kolkata's underwater tunnel and Nagpur's double-decker viaduct. A flagship of the Shapoorji Pallonji Group, Afcons ranks among the top 140 international contractors. Its contributions continue to shape the future of India's urban transit infrastructure.Read more

03 Jun 2025

India's data centre (DC) sector has attracted nearly USD 15 billion in investments since 2020 and is expected to draw an additional USD 20-25 billion over the next six years, according to Colliers India. As of April 2025, total DC capacity across Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune reached 1,263 MW, projected to surpass 4,500 MW by 2030. The physical DC footprint is also set to grow from 15.9 million sq. ft. to 55 million sq. ft. This surge is driven by rising demand for digital services, cloud computing, AI technologies, and regulatory data localisation. Colliers highlights India's strengths: ample land, reliable power, and skilled talent, positioning the country as a top APAC data centre destination. The market is evolving with increasing interest in edge data centres to support real-time applications and low-latency needs, further fuelling sectoral growth.Read more

03 Jun 2025

The Ramjal Setu Link Project is a vital infrastructure initiative in Rajasthan, aimed at building a bridge over the Chambal River to connect Kota and Sawai Madhopur. As part of the broader INR 1,500 crore Chambal River Link Project, it serves dual purposes: improving transport connectivity and enabling water transfer to drought-prone areas. Overseen by the Rajasthan Water Resources Department and aligned with the National Water Development Agency's river interlinking programme, the bridge offers an all-weather route, reduces monsoon disruptions, and enhances access to markets, healthcare, and education. It also supports equitable water distribution, rural development, and long-term regional growth in Rajasthan.Read more

02 Jun 2025

Residential project completions across India's top nine cities rose by 33% in FY24, reaching 4,06,889 units, according to PropEquity. The combined total for the past three years has now crossed 10 lakh units. Kolkata led with an 88% rise, followed by Hyderabad (61%) and Chennai (49%). Pune (81,563 units) and Thane (77,017 units) topped overall deliveries. Western India (Mumbai, Thane, Pune, Navi Mumbai) accounted for 55% of total completions, while Southern markets (Bengaluru, Chennai, Hyderabad) contributed 30%. Delhi-NCR was the only region to see a decline, with an 8% drop. Factors driving this growth include revived projects through the SWAMIH Fund, stricter RERA enforcement, and strong market sentiment. The momentum is expected to continue with SWAMIH 2.0 and increasing dominance of branded developers.Read more