22 May 2025

A CREDAI National and CREDAI-MCHI delegation met Maharashtra's Environment Minister Pankaja Munde to address key environmental policy challenges affecting real estate in the Mumbai Metropolitan Region and across the state. Led by CREDAI National Chairman Boman Irani, the group advocated for faster environmental clearances, especially for CRZ redevelopment projects, and urged the integration of CEPI-based appraisals. They proposed a One Window Clearance system via the Parivesh Portal and announced a 10-lakh tree plantation drive focused on ecologically sensitive zones. Minister Munde welcomed the industry's proactive approach, assuring support for sustainable urban development. The meeting underscored CREDAI's commitment to balancing growth with environmental responsibility.Read more

22 May 2025

The Bangalore Metro Rail Corporation Ltd (BMRCL) has proposed extending the Namma Metro's Green Line from Madavara to Tumakuru, marking Karnataka's first inter-city metro project. Spanning 59 km with 25 elevated stations, the corridor aims to cut the two-hour road commute, offering a faster, more efficient transport option. The estimated project cost is between INR 18,670 crore and INR 20,650 crore, with funding options including a public-private partnership or a state-central joint model. The metro could serve 2.8 lakh daily commuters by 2032 and spur real estate growth along its route. Despite mixed reactions, the government supports continued feasibility work amid rising demand from Tumakuru's growing industrial base.Read more

22 May 2025

Kollam is undergoing a major infrastructure upgrade with projects worth over INR 500 crore enhancing connectivity, tourism, and public services. The INR 352 crore Kollam Bypass and INR 63 crore Asramam Link Road are easing city traffic, while a new bridge and coastal road aim to decongest NH-66. Adventure tourism at Maruthimala and a new sea-view park are set to boost visitor footfall. A INR 39 crore sports complex and upcoming IT park promise economic and employment growth. Police station and housing upgrades are also underway. These developments mark Kollam's emergence as a key urban and economic hub in Kerala's evolving growth strategy.Read more

22 May 2025

Tura is rapidly developing with infrastructure projects exceeding INR 1,000 crore, aimed at transforming the Garo Hills' largest town into a modern urban hub. Major initiatives include the INR 338 crore Tura Smart Town plan, a INR 400 crore urban water supply scheme, and the INR 120 crore mini secretariat. Projects like the INR 143 crore PA Sangma Sports Complex and the INR 500 crore Tura-Dalu Road further aim to improve mobility, governance, and recreational infrastructure. With a new medical college nearing completion and educational upgrades underway, Tura is positioning itself as a growth center in western Meghalaya.Read more

21 May 2025

Uber has launched metro ticketing on its app in partnership with the Open Network for Digital Commerce (ONDC), commencing with Delhi Metro. The initiative is part of a broader plan to integrate public transport systems with digital platforms, enhancing urban mobility. Uber also plans to roll out B2B Logistics via the ONDC network, allowing businesses to access on-demand logistics without managing their own fleet. This development follows an MoU signed during Uber CEO Dara Khosrowshahi's visit to India in 2024, emphasising the company's commitment to expanding India's digital public goods infrastructure.Read more

21 May 2025

Aizawl is undergoing a significant transformation with infrastructure projects exceeding INR 3,000 crore. Key developments include the INR 14,322 crore Bairabi-Sairang railway line, the INR 1,313 crore Aizawl Bypass with twin tunnels, and the INR 411 million solid waste management facility under the Smart City Mission. Additional initiatives encompass the proposed Aizawl-Lengpui-Sairang ropeway, the Federation Enclave housing project, and the enhancement of healthcare facilities at Zoram Medical College. These projects aim to enhance connectivity, promote sustainable urban development, and improve the quality of life for Aizawl's residents, positioning the city as a modern urban center in Northeast India.Read more

21 May 2025

Nashik is in the midst of a large-scale infrastructure transformation worth over INR 20,000 crore as it prepares to host the Simhastha Kumbh Mela in 2027. The city is building nine new bridges, modern sewage treatment systems, flyovers, and industrial zones to handle the massive expected influx of pilgrims and to future-proof its urban development. Alongside this, Nashik Metro Neo and smart city projects are enhancing urban transport and service delivery. This comprehensive development plan is designed to improve connectivity, quality of life, and economic potential for decades to come.Read more

21 May 2025

The Navi Mumbai International Airport (NMIA) will now open by August 2025 instead of the previously expected July date, according to an aviation advisory issued to pilots. The delay is reportedly due to the runway strip not being fully commissioned yet. Meanwhile, a panel has unanimously agreed to retain all historical flight slots at Mumbai Airport for the upcoming winter season, avoiding any disruption for airlines. This decision clears confusion among international carriers about slot availability. The move also ensures a smoother transition between Mumbai and Navi Mumbai airports when NMIA becomes operational later this year.Read more

20 May 2025

Kohima, the capital of Nagaland, is undergoing a significant transformation with infrastructure projects exceeding INR 3,000 crore. Key developments include the Dimapur-Kohima railway line, the four-laning of NH-29, and the Kohima Smart City initiatives. Additional projects encompass the Kohima City Centre, the Kohima Bypass Road, and the proposed Chiethu Airport. These initiatives aim to enhance connectivity, promote sustainable urban development, and improve the quality of life for Kohima's residents, positioning the city as a modern urban center in Northeast India.Read more

20 May 2025

MahaRERA has recorded over 50,000 registered agents, paralleling the number of housing projects registered with the regulator. Agents from over 150 cities outside Maharashtra, including New Delhi, Bengaluru, Hyderabad, and Ahmedabad, have also obtained registration under MahaRERA, highlighting the widespread impact of Maharashtra's real estate market. Currently, of the 50,673 registered agents, 31,980 registrations remain active, while 18,693 have been cancelled due to various reasons, including failure to obtain mandatory certification or renew licenses. The Konkan area, encompassing the Mumbai Metropolitan Region, leads with the highest number of agents, followed by Pune. This development underscores the critical role agents play in bridging developers and homebuyers while adhering to RERA regulations.Read more