Union Cabinet Approves Rs 4,500 Crore High-Speed Highway To Enhance JNPA Port Connectivity
To improve connection between JNPA Port in Pagote and Chowk in Maharashtra, the Union Cabinet has sanctioned the construction of a six-lane, access-controlled greenfield high-speed National Highway. With a total expenditure of Rs 4,500.62 crore, the project, which would span 29.219 kilometres, will be developed under the build, operate, and transfer (BOT) approach. The decision, […]
Maharashtra Government would receive 256 acres of Salt Pan Land from the center for the Dharavi Redevelopment Project
The transfer of 256 acres of Mumbai salt pan land to the state government was approved by the Union cabinet on Monday, clearing the way for the Dharavi Redevelopment project to be implemented as soon as possible. The transfer of 283 acres was requested by the Shinde government in response to a cabinet decision made […]
Approval of two metro projects by the Cabinet in Maharashtra is anticipated to stimulate the real estate market
Two metro rail projects in Maharashtra—the state where assembly elections are scheduled for later this year—were authorized by the Union Cabinet on August 16. According to experts, this city’s authorized metro projects have substantial long-term real estate growth potential. At an estimated cost of ₹12,200 crore, the Thane Integral Ring Metro will link the city’s […]
Mumbai: Real Estate Sector Celebrates the Approval of PMAY-U 2.0 by Ensuring Housing for All
Over the course of the next five years, this project seeks to give one crore urban poor and middle-class households financial support so they can build, buy, or rent homes at reasonable prices. The Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 was approved by the Union Cabinet on Monday, and the real estate industry in the […]
CSEP report on PMAY: Insufficient funding and negligible slum rehabilitation
A recent working paper by the policy think tank Centre for Social and Economic Progress (CSEP) highlighted a number of problems with the union government’s flagship affordable urban housing scheme, including long delays, inadequate subsidies that force beneficiaries to seek out high-interest loans from non-institutional sources, and minimal slum redevelopment. PM Narendra Modi’s Union cabinet […]
PM Modi 3.0’s significant housing project under PMAY, welcomed by real estate experts
Prime Minister Narendra Modi’s new Union Cabinet made a bold decision just hours after taking office for a historic third consecutive term on June 10: to support the construction of an additional three crore rural and urban homes under the Pradhan Mantri Awas Yojana (PMAY). The goal of this large-scale project is to support the […]