Browsing Tag

infrastructure development

36 posts

Maharashtra Government to Fast-Track MSRTC Bus Depot Development, Invites Developers for 3,360 Acres of Land

The Maharashtra government plans to fast-track the development of MSRTC bus depots across district, taluka, and rural areas, inviting developers to utilize 3,360 acres of land. The government will soon float 150 to 160 tenders for the project. At the NAREDCO NextGen Conclave 2025, discussions covered real estate trends, AI adoption, and urban planning, with experts highlighting the impact of government reforms and tax policies on the sector.

Metro 2B DN Nagar to Mandale Project Sees ₹248 Crore Cost Escalation; Contractors Fined for Delays

The construction cost of Mumbai Metro 2B (DN Nagar to Mandale) has risen by ₹248 crore, reaching ₹3,304.83 crore. Delays in the project have led to penalties totaling ₹1.92 crore for contractors. RTI activist Anil Galgali highlighted concerns over cost overruns and project extensions, with completion now pushed to June 30, 2025.
Leasing

Net Absorption in Indian Office Markets to Surpass 60 msf in FY2026: ICRA

India’s top six office markets—Bengaluru, Chennai, Delhi-NCR, Hyderabad, MMR, and Pune—are projected to achieve a record-breaking net absorption of 60 msf by FY2026, according to ICRA. Vacancy levels are expected to hit decade-lows, while retail mall operators will witness steady rental income growth despite challenges from rising e-commerce competition.
Nagpur

Nagpur Tops List of Emerging Cities in India

Nagpur has emerged as the top-performing city among India’s 30 emerging cities, according to Colliers’ latest report. With expressway development acting as a key growth catalyst, Nagpur, Jaipur, and Lucknow are poised for significant real estate expansion.
Nirmala Sitharaman to present the union budget

NAREDCO Submits Budget Recommendations to Boost Real Estate Sector

NAREDCO, has submitted detailed recommendations for the FY 2025-26 Union Budget. The proposals focus on increasing funding for affordable housing, granting infrastructure status to the housing sector, improving urban infrastructure, and expanding rental housing. NAREDCO also suggests tax reforms and incentives to boost demand and support sustainable growth in the real estate industry.