Indian Railways is considering a new public-private partnership (PPP) model to attract private investment to redevelop railway stations. Under this model, investors would receive up to 40% of the total project cost as viability-gap funding (VGF) and would be permitted to commercially use the space above platforms and tracks According
February has seen the highest revenue collection in Mumbai in the last five years. Even in the entire FY23, the month recorded the maximum revenue collections. Luxury home sales have pushed up revenue collections 79% in Mumbai in February Compared to the same month last year. Mumbai, the country’s most
The Phase 1 of the Mumbai coastal road project, from Marine Drive to Worli, is expected to be completed by November 2023. The first phase of the coastal road is being built by the Brihanmumbai Municipal Corporation at an estimated cost of Rs12,500 crore to speed up the suburban commute
CM makes promise at event on Sunday but activists point out traffic police permissions take time. Even though Chief Minister Eknath Shinde promised a pothole-free Mumbai in the next two years with a target of concretising 400 km of roads in the city during an event on Sunday, it appears
The Brihanmumbai Municipal Corporation (BMC) on Sunday announced a series of 320 new civic projects as part of the second phase of BMC’s ambitious Mumbai Beautification Project, which was announced by Chief Minister Eknath Shinde last year The new series of works include concretisation of Mumbai roads, new sewage treatment
A former corporator, who has been pursuing the matter with officials of the BMC, alleges political pressure for the delay. A former corporator of the Shiv Sena has alleged that repair work for a road in Mazgaon Brahmanwadi, that was to start in December 2022, has not yet been started
The 10.58 km-long Metro Line-9 comprises eight stations and will connect the Mumbai suburbs to Mira-Bhayandar city. More than 60 per cent of the work on the Medetiya Nagar station on the under-construction elevated Metro Line-9 (Dahisar East-Mira Bhayandar) is now complete, MMRDA has said The MMRDA is the nodal
Acknowledging the demand put forth by former state minister and Airoli’s BJP MLA Ganesh Naik, the state government has allocated a special development fund of Rs 10 crore and ordered its speedy release for a number of developmental works across Airoli constituency covering areas from Digha to Koparkhairane This was
The Panvel Municipal Corporation (PMC) has received administrative approval for creating infrastructure for water supply and sewerage systems. The project cost has been approved at over Rs 355.74 crore and the civic body will float tenders for these works soon Of the total Rs 355.74 crore, Rs 148.16 crore has
Vasant Prabhu, secretary of MahaRERA, issued a circular on February 20, which will come into force immediately, making it compulsory for builders to inform the authority of any change or transfer of bank account Builders carrying out real estate development projects in Maharashtra from now on can change the designated
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