The National Highways Authority of India (NHAI) is planning to offer 15 road projects worth Rs 44,000 crore covering 937 km during the current financial year under the Build-Operate-Transfer (BOT) mode. Earlier this year, the Ministry of Road Transport and Highways (MoRTH) came out with a modified BOT project document to attract private companies for investments in the highways sector.
The Delhi-Mumbai Expressway, a transformative infrastructure project, is poised to significantly alter the economic landscape of India. Stretching over 1,386 km, this expressway will connect the national capital, Delhi, with the financial hub, Mumbai, drastically reducing travel time and fostering economic growth along its corridor. As one of India’s most ambitious infrastructure initiatives, the expressway promises to unlock substantial investment potential and spur multifaceted development.
Following the objections of Real Estate Regulatory Authority (RERA) that no agency can sell flats in housing projects without registering with it, Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) has begun the process of completing formalities for nearly 4,350 flats that are lying unallotted and unoccupied in northwest Delhi’s Bawana. According to officials, these flats were built in 2010-11 for the housing needs of thousands of workers who would be employed in the industries in Bawana, Narela, and other industrial areas in the vicinity.
Vizag and Tirupati have been recognized as two of the 17 cities in India with high potential for real estate development, according to Colliers India’s latest report titled 'Equitable Growth and Emerging Real Estate Hotspots.' Visakhapatnam ranks among the top cities poised for accelerated growth in various asset classes, including residential, warehousing, retail, and data centers. Tirupati is set to see significant growth in residential, retail, hospitality, and senior living sectors.
In an ambitious move to revolutionize education, the Telangana government is set to establish 'integrated residential campuses' that will house SC, ST, BC, and minority residential schools across all assembly constituencies. Chief Minister A Revanth Reddy, alongside his deputy Mallu Bhatti Vikramarka, held a meeting with officials and reviewed models presented by architects for the construction of these integrated campuses.
Whitefield, once a quiet suburb, has evolved into a bustling IT and residential hub in eastern Bangalore. This rapidly growing area hosts numerous multinational corporations, tech parks, and software companies, making it a major employment center. It features well-planned infrastructure with wide roads, modern residential complexes, and ample social amenities such as schools, hospitals, and shopping malls. Despite its urban landscape, there are green spaces and parks for residents to enjoy.
Gurugram, a city synonymous with bustling industry and IT giants, is rapidly becoming a top destination for expatriates from around the world. Its strong economy, excellent infrastructure, and luxurious living options are proving to be a powerful draw. Strategically situated adjacent to the capital city boasting excellent connectivity by air, rail, and road, Gurugram is a thriving cultural hub.
As many as 458 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 5.71 lakh crore in May this year, according to an official report. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,817 projects, 458 reported cost overruns and 831 projects were delayed.
Providing relief to students and working professionals, the GST Council has recommended exempting accommodation services having a value of supply up to ₹20,000 per person per month from goods and services tax. Co-living space providers have welcomed the new notification saying that it clarifies that hostels and accommodations for working professionals are exempt from GST within certain limits.
The Smart Cities Mission is a plan by the Indian government to improve the quality of life in cities and towns across the country. According to data from 2011, about one-third of India’s population lives in cities that contribute to about two-thirds of the country’s economy. By 2030, it is expected that even more people will live in cities, contributing even more to the economy. The government’s Smart Cities Mission aims to make 100 cities in India better places to live and work.
