Private equity has played a significant role in shaping Indi...
In today’s real estate landscape, fitness is often treated...
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
20 Dec 2024
Work has started on the INR 2099-crore Kharghar-Turbhe Tunnel Link Road (KTLR) project, aimed at reducing travel time between Turbhe and Kharghar from 40 minutes to 10 minutes. Overseen by CIDCO, the project features a 1.8-km twin tunnel through Kharghar hill, a 3.4-km elevated viaduct, and a 1.5-km elevated road connecting Central Park to Taloja. Scheduled for completion by September 2028, the KTLR will ease congestion on the Sion-Panvel highway, improve east-west connectivity, and enhance access to Atal Setu and Navi Mumbai Airport. This project is set to boost regional infrastructure and support economic growth in Navi Mumbai.Read more
20 Dec 2024
The Chennai Metro, operational since 2015, has evolved into a pivotal mass transit system in Tamil Nadu's capital. Managed by Chennai Metro Rail Limited (CMRL), it currently spans over 54 km, offering rapid and reliable transportation through a combination of elevated and underground stations. Phase I, completed by 2019 at a cost of around INR 14,600 crore, introduced two main corridors and improved travel efficiency. An extension to Wimco Nagar, completed in 2021, further enlarged its coverage. Phase II, set for completion by 2026 at a cost of INR 61,843 crore, will add nearly 119 km. Despite challenges in construction, fare structure, and ridership targets, the Chennai Metro continually enhances passenger experience through modern amenities, digital ticketing, and accessibility features, reflecting the city's commitment to advanced public transit solutions.Read more
20 Dec 2024
The Kolkata Metro, India's first urban rapid transit system, has been a cornerstone of urban mobility since its launch in 1984. Spanning 59.38 km across four operational lines, the system connects key areas of Kolkata and its suburbs, offering eco-friendly and time-efficient transportation. Landmark projects include the North-South Corridor (31.4 km) and the East-West Corridor (16.6 km), the latter featuring India's first underwater metro tunnel beneath the Hooghly River. With ongoing expansions like the Joka-Esplanade and New Garia-Airport corridors, the network aims to cover over 120 km.Read more
19 Dec 2024
Seema Singh, a member of Alkem Laboratories' promoter group, has purchased a sea-view luxury apartment in the Lodha Sea Face tower in Mumbai for INR 185 crore. The apartment spans 14,000 sq ft and is located on the 30th floor, with Singh also securing 9 parking spots. This marks the second-largest luxury deal in Mumbai this year, following a INR 270 crore transaction at Lodha Malabar. Singh, who recently sold a portion of her shares in Alkem Laboratories, paid a stamp duty of INR 9.25 crore. Property sales in Mumbai and other major cities have seen a significant rise in 2024, with the market expected to finish strong.Read more
19 Dec 2024
The Bhubaneswar Metro, initiated by the Bhubaneswar Metro Rail Corporation Limited (BMRCL), aims to modernize transportation in Odisha's capital region. Approved in 2023, Phase 1 covers a 26 km corridor from the airport to Trisulia Square, including 20 elevated stations and an estimated cost of INR 5,926.38 crore. With construction starting in early 2024 and operations expected by 2028, the project strives to ease congestion, reduce emissions, and enhance daily commutes. Future expansions may link Bhubaneswar with Cuttack and other key destinations. Although concerns about viability, population density, and ridership persist, proper integration with existing public transport could ensure the metro's success.Read more
Private equity has played a significant role in shaping Indi...
In today’s real estate landscape, fitness is often treated...
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
19 Dec 2024
The Ahmedabad Metro is a transformative rapid transit system designed to modernize urban mobility in Ahmedabad and Gandhinagar, Gujarat. Phase 1, fully operational by October 2022 at a cost of INR 10,773 crore, spans 40.03 km across two corridors: the Red Line (North-South) and the Blue Line (East-West), connecting key areas with 33 stations. It has significantly reduced traffic congestion, cut travel times, and provided an eco-friendly alternative to road transport. Phase 2, underway at an estimated cost of INR 5,384 crore, will add 28.26 km, enhancing regional connectivity, including links to Gandhinagar and GIFT City. With plans for a future Phase 3, the Ahmedabad Metro exemplifies urban innovation, sustainability, and progress, shaping Gujarat's infrastructure landscape.Read more
18 Dec 2024
The Agra Metro is a transformative urban transit project designed to modernize Agra's transportation infrastructure and support its population and tourism. Phase 1 includes two corridors: the Yellow Line (Taj East Gate to Mankameshwar Mandir) and the Blue Line (Agra Cantt to Kalindi Vihar), covering 29.4 km with a total estimated cost of INR 12,899 crore. The Yellow Line's 6 km priority corridor, inaugurated in March 2024, features six stations, including Taj Mahal and Agra Fort. Upon full completion by 2026, it promises a seamless, sustainable transport solution for residents and tourists alike.Read more
18 Dec 2024
The Thane Metro, a 29-kilometre circular corridor with 22 stations, aims to transform urban mobility in one of Maharashtra's fastest-growing cities. Approved in August 2024 and costing INR 12,200 crore, the project addresses traffic congestion and pollution by offering a modern, sustainable transit solution. Managed by Maha Metro, construction began in October 2024, with completion slated for 2029. Integrated with Mumbai Metro Lines 4 and 5, the Thane Metro will serve 647,000 daily commuters, boosting connectivity, easing road congestion, and spurring economic growth. This transformative project promises a cleaner, more efficient, and connected future for Thane's residents.Read more
18 Dec 2024
The Mumbai-bound section of the Thane Creek Bridge, which serves as a vital link between Mumbai and Navi Mumbai, is nearing completion and is expected to open by the end of February. This follows the earlier opening of the Navi Mumbai-bound section in October. The new bridge, constructed by the Maharashtra State Road Development Corporation (MSRDC), aims to ease the growing traffic congestion across the Vashi Bridge corridor, which sees approximately 64,300 vehicles daily. Upon completion, the bridge will increase the total capacity to 12 lanes, significantly improving traffic flow in the Mumbai Metropolitan Region.Read more
17 Dec 2024
The Surat Metro, a transformative mass rapid transit system, is poised to revolutionize urban mobility in Surat, one of India's fastest-growing cities. Approved in 2019 with a budget of INR 12,020.32 crore, the project addresses traffic congestion and pollution in the booming textile and diamond hub. Phase I spans 40.35 km, comprising two corridors: the Red Line (21.61 km) and the Green Line (18.74 km), featuring 38 strategically placed stations. Co-funded by the Indian and Gujarat governments, with support from international lenders, the metro integrates modern amenities, accessibility features, and seamless connectivity. Set to serve 1.5 million daily commuters, it aims to enhance Surat's economic growth, reduce pollution, and promote sustainable, inclusive urban development.Read more