Mahalaxmi Railway Land Fetches Record Rs 22.50 Bn in RLDA Auction
The Railway Land Development Authority (RLDA) has received its highest-ever bid of Rs 22.50 billion for a railway land parcel at Mahalaxmi in south Mumbai, setting a new benchmark for long-term lease auctions in the city’s real estate market.The land parcel, spread over about 2.67 acres or 10,801 square metres, was offered on a revenue-share model with a lease tenure of 99 years. The reserve price for the plot was fixed at Rs 9.93 billion, while the permissible floor space index (FSI) stands at 4.05, making it one of the most attractive redevelopment opportunities in a prime urban location.T..
Seven of 14 National Waterways in Maharashtra Cleared for Development
The Centre has identified 14 national waterways in Maharashtra, of which seven have been found feasible for development, marking a significant step towards strengthening inland water transport infrastructure in the State. The seven waterways together have a navigable length of 662.97 km, according to the Union Ministry of Ports, Shipping and Waterways.The waterways cleared for development include National Waterway (NW)-4 on the River Godavari, NW-11 on the Arunavati–Aran rivers, NW-28 covering Dabhol Creek and the Vashishti River, NW-53 spanning the Kalyan–Thane–Mumbai waterway along wit..
Govt Steps up Move to Lease 11 more Airports under PPP Model
The government is accelerating efforts to lease out 11 more airports under the public–private partnership (PPP) model, with the proposal gaining significant momentum following its review and approval by the Ministry of Civil Aviation (MoCA), according to sources.Airports proposed for leasing in this tranche include Amritsar, Varanasi, Bhubaneswar, Raipur and Tiruchirappalli, among others. Sources indicated that the final contours and parameters of the scheme could be announced during the upcoming Union Budget, marking a key step in the next phase of airport monetisation.“The Ministry condu..

