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Author: PNT Reporter
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.
Author: PNT Reporter
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.
Thane Metro project promises sustainable growth and seamless connectivity by 2029
Author: Vidhi Sangoi
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.
The Lucknow Development Authority (LDA) plans to install rooftop solar power plants in 14 housing societies, with capacities between 10 kW to 200 kW, at a cost of INR 4.5 crore. This initiative aims to reduce electricity bills by 70-80% for residents while promoting renewable energy. Additionally, a 50 kW solar plant will be installed at Jyotiba Phule Zonal Park. LDA Vice-Chairman Prathmesh Kumar highlighted the project's role in reducing environmental impact and fostering sustainability. As urban areas adopt solar solutions, this initiative could inspire similar efforts nationwide, advancing India’s renewable energy goals and reducing reliance on fossil fuels.
Highway construction in the first eight months of the fiscal year reached nearly 4,900 km, showing a 6.6% decline compared to 5,248 km in the same period the previous year. However, this pace surpasses the target set by the Ministry of Road Transport and Highways for the year. The government has set a provisional target of constructing 10,421 km of national highways this fiscal year, which is 15% lower than the previous year due to delays in state clearances caused by the prolonged election process. The National Highways Authority of India (NHAI) has a target of 5,000 km. However, the pace of awarding new projects has slowed, and the introduction of Vision 2047 has replaced the Bharatmala project, with no specific targets set under the new plan. Analysts predict that the slowdown in awarding projects will impact highway construction into 2025-26, with improvements expected in 2026-27.
Imagine Panaji Smart City Development Ltd (IPSCDL) has secured a INR 5 crore grant under the CITIIS 2.0 program to advance sustainable urban development. The funds will support the creation of a State Climate Centre for Cities (S-C3) to coordinate climate strategies, along with climate data observatories for monitoring environmental changes. The initiative also includes capacity building for officials in areas like waste management and urban forestry. Managing Director Sanjit Rodrigues highlighted the plan’s focus on integrating advanced technologies to improve residents’ quality of life and reduce environmental impact. This project positions Panaji as a model for climate-responsive urban development.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show cause notices to 10,773 lapsed housing projects since their registration began in May 2017. Developers must submit an Occupancy Certificate (OC)with Form 4 or request a deadline extension with proper documentation within 30 days to avoid penalties. Failure to comply may lead to project registration suspension, restricted flat sales, and frozen bank accounts. The Mumbai Metropolitan Region recorded the most lapsed projects (5,231), followed by Pune (3,406) and others across Maharashtra.These stringent measures aim to safeguard homebuyers’ investments, enforce transparency, and ensure accountability in Maharashtra’s real estate sector.
Delhi Lieutenant Governor (LG) VK Saxena conducted a comprehensive review of security and civic infrastructure in Narela sub-city, aiming to prevent crime and improve amenities. Measures include deploying 500 ex-servicemen for round-the-clock security, increasing police visibility, establishing beats in vacant flats, and launching a drive to identify repeat offenders. Authorities were directed to install protective infrastructure, such as barbed wire fences, high-mounted CCTV cameras, and streetlights. Additionally, the Delhi Development Authority (DDA) and Municipal Corporation of Delhi (MCD) were tasked with repairing roads and ensuring effective waste management to enhance the area’s liveability.
The Bombay High Court ruled in favor of 38 tenants of the 80-year-old Kalyan Bhavan in Kalbadevi, granting them the right to redevelop the dilapidated cessed building after landlords failed to act within the six-month statutory period. Justices Ajay Gadkari and Kamal Khata set aside MHADA’s earlier orders favoring the landlords and directed MHADA to issue a Letter of Intent (LoI) to the tenants. Despite landlords’ claims of ongoing discussions, the court upheld tenants' rights under DCPR 2034 and the MHADA Act. This ruling reinforces tenant empowerment in redevelopment cases involving Mumbai’s aging buildings.
The Enforcement Directorate (ED) has taken possession of 19 properties in Goa, situated in Anjuna and Assagao, in connection with an alleged land grab case under the Prevention of Money-Laundering Act (PMLA). The seizure followed a provisional attachment confirmed by the adjudicating authority, barring all related transactions or transfers. The ED directed occupants to vacate the premises within ten days and deposit any lease or rent proceeds with the agency. These actions aim to maintain the integrity of the properties for further legal proceedings.
The Haryana Real Estate Regulatory Authority (HRERA) has instructed the National Buildings Construction Corporation (NBCC) to pay monthly compensation of INR 30,000 to the Green View Society allottees in Sector 37D. This decision follows complaints from residents after structural audits deemed the society unsafe for habitation, leading to an evacuation in early 2022. Legal disputes and unresolved compensation claims, particularly from Economically Weaker Section (EWS) flat owners, have delayed demolition efforts. NBCC has sought urgent approval for demolition, citing safety concerns, while residents continue to demand clarity and settlement of their claims.
The Rishabh Family Trust has acquired a prime 1.15-acre property in Pune’s upscale Koregaon Park for INR 72 crore. The parcel, including a bungalow and outhouse with a built-up area of 16,080 sq ft, incurred a stamp duty of INR 5.04 crore. Executed under the trust with Deepa Bajaj as signatory, the purchase underscores Koregaon Park’s reputation for luxury real estate, known for its bungalows, cafes, and connectivity.
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The Centre is expected to maintain its financial support for the National Highways Authority of India (NHAI) for the next decade to aid the construction and maintenance of the country’s highway network. This support will remain until NHAI can generate sufficient revenue from tolls to cover its expenses. Due to high debt, NHAI’s borrowing was halted for the fiscal years 2023, 2024, and 2025, causing a significant rise in budgetary allocations. However, toll revenues have shown substantial growth and are anticipated to reach INR 1,30,000 crore by 2030. NHAI's ambitious infrastructure projects include the National Highways Development Project and the Bharatmala Yojana.
HUDCO has signed an MoU with the Delhi Development Authority (DDA) to provide consultancy services for urban infrastructure projects in Delhi. This partnership aims to develop affordable housing, commercial, and mixed-use spaces to address rising urban demands. HUDCO will also conduct capacity-building programs for DDA officials to improve project execution efficiency. Given Delhi's rapid urbanization and challenges like population growth and housing shortages, the collaboration focuses on inclusive development. By leveraging HUDCO's expertise, the DDA aims to enhance urban living conditions, promoting a more sustainable and livable environment for residents of the capital.
The Indian government has introduced a self-survey feature via the Awaas+ 2024 mobile app under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) to streamline beneficiary identification for rural housing. Announced by Union Minister Chandra Sekhar Pemmasani, PMAY-G’s extension for five years aims to construct 2 crore houses, benefiting 100 million people. Over 2 lakh surveyors have been trained across 26 states and 8 UTs to assist with data collection. This initiative enhances efficiency, promotes citizen participation, and supports sustainable housing. The self-survey feature empowers rural communities, ensuring assistance reaches those in need while improving living conditions and quality of life.
The Lucknow Development Authority (LDA) conducted a lottery under the Pradhan Mantri Awas Yojana (PMAY), allocating 369 houses to waiting list applicants. Supervised by Vice-Chairperson Prathmesh Kumar at Baradari Lawn, the event allowed participants to draw their own lottery slips. The allocation included 209 houses from the Sharda Nagar Extension Scheme and 160 from Sector-N of Basant Kunj Yojana. The entire process was videographed to ensure transparency, enabling even absent applicants to receive their housing allotments. This lottery marked a significant moment for many hopeful recipients, transforming their long-standing housing aspirations into reality.
Sumadhura Group has launched a premium 180,000 sq. ft warehousing facility for Zepto and NX Logistics India at Sumadhura Logistics Park, Bengaluru’s largest Grade-A+ warehousing hub. Spanning 100 acres, the park aims to deliver 2.5 million sq. ft of space in its first phase with a INR 600 crore investment, expanding to 6 million sq. ft. Zepto’s new facility, subleased through NX Logistics, will enhance its supply chain efficiency and support growth. Currently, 500,000 sq. ft is operational, with 300,000 sq. ft more to be completed by March 2025, reinforcing Sumadhura Group's role in Bengaluru’s logistics infrastructure development.
ESR Group, a Hong Kong-based real estate and logistics firm, has announced plans to raise approximately 2.10 billion yuan (289.24 million dollars) by spinning off and listing its Jiangsu Friend logistics projects on the Shanghai Stock Exchange. The assets will be offered as a Real Estate Investment Trust (REIT), with units priced at 2.628 yuan each. ESR will retain an ownership stake of at least 39.37 percent in the newly listed entity. This move is part of ESR’s broader strategy to monetise its logistics assets, raise funds, and support the continued expansion of its logistics and real estate portfolio.
Blackstone has agreed to acquire the 36-storey Tokyo Garden Terrace Kioicho for USD 2.6 billion, marking the largest-ever real estate investment by a foreign investor in Japan. The mixed-use development includes premium offices and a luxury hotel. Seibu Holdings' decision to sell aims to strengthen its financial position. This deal highlights Japan's appeal to global investors, driven by low borrowing costs and stable rental yields. The acquisition underscores growing confidence in Japan's commercial real estate market and economic resilience, reinforcing its status as a prime investment destination for high-value properties.
Britain unveiled plans to build 1.5 million new homes over five years, addressing the housing crisis and stimulating growth. Prime Minister Keir Starmer’s reforms aim to fix a planning system that has hindered development. Local authorities face mandatory housing targets, with a 12-week deadline for plans or risk ministerial intervention. Development will focus on brownfield sites and review lower-quality "grey belt" land. The government allocated GBP 100 million to support councils. Experts caution that workforce shortages, rising construction costs, and infrastructure needs must be addressed for these ambitious targets to succeed.
? A residential flat spanning 1,330 square feet sold in Lodha Divion - T2 in Mumbai's Sion for INR 4.47 crores
? A residential flat spanning 768 square feet sold in L&T Island Cove in Mumbai's Mahim for INR 3.19 crores
A double glazed unit refers to a sealed unit consisting of two panes of glass, a metal spacer that runs between the two panes on the periphery, and an inert gas or nitrogen-filled cavity between the two panes of glass. These units are most commonly used for windows. The cavity in the unit should filled with a gas that is completely moisture-free, as otherwise it can condense into droplets and obscure the view. The gap serves to provide both heat and sound insulation.
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