Fall in property prices

01 Jan 2012 CW Team

Real estate prices in small pockets of Delhi-NCR and Mumbai may fall 20-30 per cent in the next six months. A study of India's top 10 listed developers' balance sheets by Hindustan Times revealed a massive oversupply and a slowdown in sales, with developers having unsold properties worth an estimated Rs 31,000 crore.

In fact, most developers are now resorting to offering freebies amounting to 5-8 per cent of the property value, while mid-rung developers are offering discounts of 10-15 per cent on a case-by-case basis.

Infrastructure Transport

16 Dec 2025

Western Railway Plans Rs 700 Mn Upgrade to Turn Dadar into Midtown Terminus

Western Railway has proposed a Rs 700 million capacity-augmentation plan to transform Dadar into a larger midtown railway terminus, a move aimed at accommodating more express services and reducing congestion at Mumbai Central. The project marks the most extensive remodelling of Dadar station in several decades.According to railway officials, the proposal includes the addition of new rail lines, extension of platforms, comprehensive yard remodelling, and major upgrades to overhead equipment (OHE) and signalling systems. The redevelopment is designed to integrate Dadar station with the upcoming ..

NFR Invites EPC Bids for Dimapur–Kohima Broad Gauge Project

Northeast Frontier Railway (NFR) has invited bids for an engineering, procurement and construction (EPC) contract linked to the Dimapur (Dansiri)–Kohima (Zubza) new broad gauge (BG) line project, a key infrastructure initiative aimed at strengthening rail connectivity in the Northeast.According to the tender details, the scope of work includes construction of reinforced cement concrete (RCC) substructures and composite girder superstructures for a viaduct at Pherima Yard. The contract also covers a range of associated and ancillary works required for the execution of this section of the proj..

Gujarat Launches Urja Sanvardhanam for Smarter Power Demand Planning

Gujarat’s Energy Minister Rushikesh Patel said the newly launched digital platform Urja Sanvardhanam will play a crucial role in advanced electricity demand planning and strengthening the state’s power network, aligning with India’s vision of becoming a developed nation by 2047. According to an official statement, the Gujarat government has introduced the online monitoring system in response to steadily rising electricity demand across both rural and urban regions. The platform is designed to enable efficient management and real-time control of the state’s power supply by continuo..