Delhi Master Plan 2041 a likely $100 billion opportunity

The Delhi Master Plan 2041, which is still awaiting the final government clearance, is anticipated to generate economic opportunities totalling $100 billion in the next two decades, as per an analysis by a think tank.

'Eye' on GIFT City: 158-meter Ferris wheel to come up as part of social infra zone

Gujarat International Finance Tec-City Company Ltd (GIFTCL) is planning to develop social infrastructure including an entertainment, recreational and retail zone spread over 20.5 acres in GIFT City along with a large Ferris wheel called GIFT Eye.

Guidance value goes up, property transactions in Bengaluru to be dearer from October 1
Transaction value of properties in Bengaluru will go up from October 1 with the state government increasing the guidance value or the circle rates by 25%-30% on an average.

DDA to announce housing scheme 2023 before Diwali, to offer 3,000 premium properties
The Delhi Development Authority (DDA) is set to unveil its next housing scheme ahead of Diwali, featuring a selection of 3,000 premium properties, the Times of India has reported.

Bengaluru news: Property prices in India's Silicon Valley are set to go up from next month. Here is why
Property prices in Bengaluru are set to go up from next month, as the state government is mulling an increase in ‘guidance value’. Karnataka Revenue Minister Krishna Byre Gowda on September 19 said that the new revised "guidance value" of properties will come into force from October 1.

Neral-Matheran in Maharashtra, Sanand-Nalsarovar in Gujarat among top 5 new corridors for investment in land: Report
Neral-Matheran in Maharashtra and Sanand- Nalsarovar in Gujarat are among the top five emerging corridors for investments in land parcels as investors can expect returns of up to five times in the next 10 years, according to Colliers India. After buying land parcels, investors would have to develop assets like second homes, weekend homes, holiday homes and retirement homes to generate steady rental income, which along with capital appreciation can result in healthy returns on investments.

Bhive Launches it's largest 1.5 lakh square feet coworking facility in Bangalore’s Central Business District

Flexible and managed office operators Bhive Workspace has leased 1.5 lakh square feet of office space in the central business district of Bangalore as it looks to expand its presence across major cities.

Cowrks plans to open six new centres with 3,600 seats

Cowrks, a flexible and managed office provider backed by Brookfield Asset Management, is set to expand its presence across major cities by opening new centres within large office campuses owned by the fund, said its senior vice president Parul Thakur.

Unraveling the pre-launch real estate conundrum in India
 

NHAI arm to develop logistics park in Bengaluru at INR 770 cr
The agreement has been signed between Bengaluru MMLP Pvt Ltd -- a government Special Purpose Vehicle (SPV) -- and concessionaire SPV M/s PATH Bengaluru Logistics Park Pvt Ltd.

Highway capex cut as construction lags
New Delhi : Monsoon rains that arrived late but then lingered for an extended period, coupled with land acquisition delays, have slowed down road-building in the country.

Child travel norms: Railways earned over Rs 2,800 cr more in 7 years
The response from the Centre for Railway Information Systems (CRIS) under the Right to Information (RTI) Act further indicates that the financial year of 2022-23 alone earned Rs 560 crore due to the amended norms making it the most profitable year.
 

Indian Railways instructs zonal headquarters to improve punctuality of trains, issues advisory
For passenger convenience, Indian Railways has asked all its zones to maintain punctuality of all Mail and Express trains across its network. This development comes at a time when the special session of Parliament is underway and several Members of Parliament (MPs) are arriving in the national capital via train. 

Railways moots dedicated coal corridors
An internal analysis  shows that setting up of such dedicated coal corridors could help the Indian Railways “in assisting the energy sector” by meeting the aim of generating 3,000 billion units (BU) by 2030 and fuelling the economy’s growth. 

Ports Bill in works to make tariffs transparent and revamp penalties

New Delhi: The Centre is working on a new legislative framework for ports, which seeks to usher in transparency in port tariffs, revamp penalties for offences, and bring over 15 sets of rules, replacing the over 110 years old act.