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The Uttarakhand Metro is a transformative 73-kilometre light rapid transit system designed to ease traffic congestion and improve connectivity between Dehradun, Haridwar, and Rishikesh. With two primary corridors, the project will feature modern trains, eco-friendly technology, and state-of-the-art amenities, aiming for completion by 2026. This ambitious INR 40,150 crore project, funded through a collaboration between the central and state governments, will also serve as a catalyst for economic growth, boosting real estate development and business activities along its route. The Uttarakhand Metro promises a cleaner, faster, and more sustainable transportation solution for residents and visitors alike.
As part of Maharashtra’s 100-day action plan, MHADA has launched a wide-ranging initiative to improve administrative efficiency, citizen services, and environmental sustainability. Under the leadership of VP & CEO Sanjeev Jaiswal, the organisation carried out a large-scale cleanliness and record classification drive, actively engaging over 700 employees. The initiative also includes introducing citizen-centric measures, enhancing digital services, and promoting eco-friendly waste disposal practices. By setting a benchmark for public-sector reforms, MHADA aims to improve its public image, employee morale, and operational efficiency, creating a replicable model for other government organisations.
The Eastern Peripheral Expressway (EPE), a 135-km six-lane corridor encircling the NCR, diverts over 50,000 non-Delhi-bound vehicles daily, reducing pollution by 27%. Officially inaugurated in May 2018 at an investment of INR 11,000 crore, it features electronic toll collection, weigh-in-motion sensors, and solar-powered lighting. Environmental measures include 250,000 trees and rainwater harvesting every 500 meters. With seamless connectivity via interchanges, flyovers, and underpasses, EPE has boosted real estate and industrial growth in Kundli, Palwal, and Baghpat, marking a significant step in India's sustainable infrastructure development.
India is set to approve upcoming highway projects under the Vision 2047 roadmap, as confirmed by Road Transport and Highways Minister Nitin Gadkari. He assured that sufficient funds are available for highway development, despite a flat budget allocation for the roads ministry for the 2025-26 fiscal year. He highlighted that the National Highways Authority of India (NHAI) has strong borrowing capacity, with investor confidence reflected in oversubscribed infrastructure investment trusts (InvITs). In 2023-24, the national highway construction rate reached 12,300 km, averaging 34 km per day. Delhi is witnessing significant infrastructure projects worth INR 1 lakh crore, including the Dwarka Expressway and Urban Extension Road-II.
Imagine Panaji Smart City Development Limited (IPSCDL) cited adverse weather, climate change, and a high water table as reasons for infrastructure project delays. Heavy rainfall, sandy soil, and early monsoons hindered sewerage and road construction, making excavation difficult. To ease traffic, temporarily restored roads were made operational. Work resumed in November 2024 after the monsoon subsided. The Smart City Mission deadline was extended to March 2025, with roads set for completion by then, while landscaping and tree plantation will finish by June 2025. IPSCDL stated that Panaji’s position below sea level and rising sea levels further complicated construction efforts.
Plastic pollution remains a critical global challenge, with 430 million metric tonnes produced annually, of which less than 10% is recycled. In India, rapid urbanization and inadequate waste management have led to increased plastic accumulation in landfills and waterways. Prestige Group has taken a significant step toward sustainability by incorporating plastic waste into road construction at Great Acres, The Prestige City, Sarjapur. Inspired by Dr. R. Vasudevan’s technique, the project integrates shredded plastic with bitumen, enhancing road durability while reducing plastic waste. Covering 7.17 km, this initiative serves as a scalable model for sustainable urban infrastructure worldwide.
The BBMP is launching 1,000 e-khata kiosks across Bengaluru to simplify property registration and reduce a backlog of 1.4 lakh pending applications. Currently, only 1.6 lakh out of 22 lakh properties have obtained e-khatas. These kiosks will be operated by volunteers who have successfully registered their e-khatas and can assist neighbors in uploading documents through BBMP’s system. A nominal fee will be charged for the service. The first kiosk will open in HRBR Layout next week. BBMP is also improving its online portal to enhance accessibility, aiming to ease Bengaluru’s rapid urban expansion challenges.
The Haryana Real Estate Regulatory Authority (H-RERA) has ordered a developer to refund INR 5.8 lakh with 11% annual interest to Bharat and Poonam Gupta, citing violations of the Real Estate (Regulation and Development) Act, 2016. The buyers alleged that after booking a flat in Mahira Homes in 2019 and paying the required amount, the builder failed to issue receipts, provide a sale agreement, or secure necessary approvals. After the builder cancelled the booking and refused a refund, H-RERA intervened, finding the developer in breach of legal requirements. The ruling underscores the importance of stringent enforcement of real estate laws to protect homebuyers.
Authorities in Gurugram launched a major enforcement drive last week, targeting illegal constructions across the city. The Department of Town and Country Planning (DTCP) led the operation, demolishing unauthorized structures at Idea Cosmic Plaza, Alipur, and Raiseena villages. Officials dismantled two ramps, a gym, and two offices at Idea Cosmic Plaza while clearing 69 acres of illegal developments in Alipur and Raiseena. Legal action is underway against developers and brokers responsible for misleading buyers. Authorities urge prospective investors to verify land approvals to avoid financial losses. Strict enforcement measures will continue against future violations.
The Visakhapatnam Metropolitan Region Development Authority (VMRDA) is mapping land use for newly merged mandals, covering 2,456 sq km, to develop a master plan. Using DGPS and topographic surveys, VMRDA will digitize cadastral data and overlay satellite imagery for accurate land assessments. The expansion follows the 2020 and 2021 jurisdictional extensions, adding 14 mandals. The maps will integrate utility data, infrastructure networks, and approved layouts to ensure sustainable urban development. This initiative aims to provide structured regional planning for Visakhapatnam’s growth, aligning future infrastructure needs with expanding urbanization.
The Uttar Pradesh state's planning department has introduced an SOP for all government projects exceeding INR 50 crore under the EPC mode to enhance quality and durability. Independent auditors and civil engineers will evaluate raw materials and structural integrity. Departments must allocate 0.5% of the project budget for third-party audits. Quarterly technical reviews will be conducted at key construction stages. The PWD’s 2023 guidelines will aid implementation. Final-stage checks will ensure proper drainage, waterproofing, and firefighting systems. Officials believe early independent assessments will improve project outcomes, reduce long-term maintenance costs, and uphold high construction standards for state infrastructure projects.
Residents from 32 societies in Noida, including sectors 7x, 137, 141, and 167, staged a protest over delays in property registries, affecting nearly 100,000 homebuyers. Around 25,000 pending registries belong to the 7x sector alone, impacting over 150,000 residents. Some homebuyers even took their protest to the Mahakumbh in Prayagraj, seeking wider attention. Protesters demand the implementation of the Amitabh Kant Committee report and UP CM's intervention, urging local authorities to auction builders' assets if necessary. Frustration grows as delays, especially in Supertech projects, stretch for years, leaving buyers in financial distress and uncertainty.
The Yamuna Expressway Industrial Development Authority (YEIDA) successfully auctioned multiple hotel plots near Noida International Airport, generating INR 106 crore—12% above the reserve price. Equasocio Digital Technologies secured the highest bid at INR 31 crore for a 4,000-sqm plot. Other notable buyers include Balaji Enterprises, Ranchor Infra Developers, and Net2Source Consulting. Additionally, Bharat Petroleum acquired a fuel station plot for INR 12.2 crore. With investments exceeding INR 200 crore, these deals reflect strong investor confidence in the region’s hospitality and commercial growth ahead of the airport’s opening, positioning Noida as a key business and tourism hub.
The first general house meeting under Chandigarh’s new mayor, Harpreet Kaur Babla, turned heated as the Municipal Corporation (MC) proposed a property tax hike, which was unanimously rejected. The proposal suggested raising commercial property tax from 3% to 12% and residential tax by 5% to address financial struggles. Opposition parties strongly opposed the move, citing economic hardship. Despite the MC’s comparison with Mohali’s higher tax collection efficiency, officials emphasized improving compliance before imposing hikes. As financial challenges persist, the MC faces pressure to enhance revenue without burdening residents.
Four major REITs—Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust—distributed INR 1,505 crore to over 260,000 unitholders in Q3 FY25, marking a 17% annual increase. The total Assets Under Management (AUM) of Indian REITs now stands at INR 1,52,000 crore, with a market capitalization exceeding INR 95,000 crore. The rise in distributions is attributed to higher rental collections and strong asset management. With growing investor confidence and a stable regulatory framework, Indian REITs continue to offer steady returns, making them a lucrative investment option.
Ajax Engineering, a leading manufacturer of concrete equipment for the construction industry, is set to raise up to INR 1,269.4 crore via an offer for sale by its promoters and investor Kedaara Capital. Kedaara Capital will divest its entire 6.5% stake, reducing the promoter group's holding from 93.5% to over 82% post-IPO. The company dominates the self-loading concrete mixer (SLCM) market with a 75% share and benefits from the government's infrastructure push. However, its performance is tied to economic conditions, and the promoter group must reduce its stake to 75% over the next three years. With a robust business model and an asset-light approach, the company offers an attractive investment opportunity for long-term investors.
The 22nd Property Expo, organised by CREDAI MCHI Thane, concluded recently after a four-day showcase that drew a remarkable response from homebuyers and industry stakeholders. The event featured over 100 projects from 40 renowned developers and 10 financial institutions, attracting more than 20,000 families. Attendees explored a diverse range of properties, and organisers expect many serious buyers to proceed with purchases in the coming months. The expo also hosted insightful seminars and panel discussions on emerging real estate trends and sustainable development. The digital version of the expo will remain active for the next year, ensuring accessibility for those who missed the physical event.
Suraksha Group has secured re-validation of RERA registration for seven stalled Jaypee Infratech projects in Delhi-NCR, comprising over 10,000 residential units. This approval, following Suraksha Group's takeover of Jaypee Infratech through insolvency proceedings last year, paves the way for expediting construction and providing relief to homebuyers. The projects, including Jaypee Greens Kosmos, Krescent Homes, and Pebble Court, are set for phased delivery starting December 2025. The resolution plan also involves significant investment to revive stalled projects and settle debts with lenders and authorities. Efforts are underway to secure re-validation for more projects to ensure timely completion.
CapitaLand Investment Limited (CLI) will develop its first data-centre in Japan, investing over USD 700 million on a newly acquired freehold land-parcel in Osaka with 50 MW power capacity secured. This expands CLI’s data-centre portfolio to 27 facilities across Asia and Europe, managing assets worth SGD 6 billion and 800 MW of power. Positioned in Osaka’s established data-centre hub, the facility will be AI-ready, incorporating sustainable designs in line with LEED standards. Japan’s growing data centre market, projected to reach USD 38.7 billion by 2028, aligns with CLI’s strategy. Major cloud providers like AWS and Google already operate there.
Titan America successfully raised USD 384 million in its U.S. IPO, pricing shares at USD 16 each, valuing the company at USD 2.95 billion. The offering included 9 million shares from Titan America and 15 million from parent firm Titan Cement International, which retains 87% voting control. The move highlights growing European interest in U.S. listings, particularly in the construction sector amid ongoing infrastructure expansion. With Citigroup and Goldman Sachs as lead underwriters, Titan America’s market debut will be closely watched as investor sentiment remains cautiously optimistic in the evolving IPO landscape.
A residential flat spanning 1,411 square feet sold in Oberoi Garden City Thane Phase I in Thane's Pokhran Road for INR 3.25 crores
? A residential flat spanning 735 square feet sold in Lodha Amara Tower 6,22 in Thane's Balkum for INR 1.05 crores
? A residential flat spanning 800 square feet sold in Thane's Kavesar for INR 1 crore
An encumbrance is a claim made against a property by someone other than the current title holder. The term encumbrance covers a wide variety of financial and non-financial claims that may or may not affect the value of the property. It is important, from a buyer�s perspective, to be aware of any encumbrances on a property, as these will often transfer to them along with the ownership of the property.
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