BMC Plans Property Monetization

06 Feb 2024 CW Team

The Brihanmumbai Municipal Corporation (BMC) in Mumbai has revealed plans to monetize its properties, as announced by the municipal commissioner, according to Economic Times. The move is part of an initiative to leverage the civic body's assets for financial gains.

The announcement signals the BMC's strategic approach to optimize its real estate holdings and generate revenue. The details of the property monetization strategy, including which properties will be involved and the intended use of the generated funds, are yet to be disclosed.

Monetizing municipal properties can offer a valuable source of income for local governing bodies, enabling them to fund infrastructure projects, civic amenities, and other public initiatives. The decision aligns with the broader trend of municipalities exploring innovative financial avenues to enhance their financial stability and address urban development needs.

As the BMC progresses with its property monetization plans, stakeholders and residents will be keenly observing how the funds are utilized and the impact on the overall development and well-being of Mumbai. This move reflects a proactive stance by the civic body in managing its assets to support the city's growth and address various urban challenges.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..