The Maharashtra government has clarified that no land owned by the Brihanmumbai Electric Supply and Transport (BEST) undertaking will be sold as part of its proposed depot redevelopment programme. Instead, the state plans to modernise depot properties through a public-private partnership (PPP) model while retaining ownership of all land and
The Reserve Bank of India’s (RBI’s) decision to keep the repo rate unchanged at 5.25% has drawn reactions from industry stakeholders, with the real estate sector viewing the move as a measure that supports stability in borrowing costs and consumer sentiment. Commenting on the monetary policy announcement, CREDAI-MCHI President Sukhraj
Navi Mumbai Mayor Sujata Patil has instructed civic authorities to take stringent action against individuals and establishments found misusing potable water for non-essential purposes such as vehicle washing, gardening and construction activities. The move follows growing complaints regarding water wastage, discoloured supply in certain areas and concerns over ageing distribution
Maharashtra Chief Minister Devendra Fadnavis on Thursday directed government agencies to refrain from awarding new contracts to firms with a history of project delays, underscoring the importance of timely execution of infrastructure works across the state. Speaking at an Infrastructure War Room review meeting held at the Sahyadri State Guest
Maharashtra Chief Minister Devendra Fadnavis has directed state agencies to accelerate the execution of several high-priority infrastructure projects, including Mumbai Metro corridors, the Dharavi Redevelopment Project, twin tunnel links and other major developments across Maharashtra. Chairing the Infrastructure Chief Minister’s War Room Meeting at Sahyadri Guest House in Mumbai on
The proposed “Missing Link” between Mumbai and Pune has emerged as one of the most closely watched infrastructure developments in Maharashtra, with expectations extending far beyond reduced travel time. While positioned as a connectivity upgrade, its deeper implications lie in reshaping how distance is perceived, how investment decisions are made,
NCP-SP MLA Rohit Pawar has criticised Mumbai’s civic infrastructure and monsoon preparedness after waterlogging was reported in several parts of the city following relatively light rainfall. The legislator alleged that incomplete civic works and poor execution of infrastructure projects have contributed to recurring flooding issues despite substantial expenditure. Speaking on
Mumbai’s reputation for coming to a halt during heavy monsoon showers is often overstated, according to BMC Commissioner Ashwini Bhide, who said that images circulated on social media frequently exaggerate the extent of flooding across the city. Speaking to a Marathi news channel, Bhide said waterlogging is generally confined to
India’s residential real estate sector, which has enjoyed a prolonged period of strong sales and rising property values, may be entering a more challenging phase as construction activity slows and project execution pressures increase, according to industry experts and recent market research. A study by real estate analytics firm Liases
Navi Mumbai is entering a crucial phase of infrastructure-led expansion, with several large-scale connectivity, urban development and economic growth projects progressing simultaneously under the City and Industrial Development Corporation (CIDCO). In an interview, CIDCO Vice Chairman and Managing Director Vijay Singhal shared updates on key initiatives, including Metro Line 8,
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