Kolhapur Civic Body Accelerates Building Proposal Approvals

Kolhapur Poised as Auto Component Manufacturing Hub

Transport Minister Nitin Gadkari has identified Kolhapur as having the potential to emerge as a hub for auto component manufacturing. His remarks highlight the city's strategic advantages and its ability to attract investment and promote industrial growth in the automotive sector.

Kolhapur's strategic location, skilled workforce, and established industrial ecosystem make it an ideal destination for auto component manufacturing. Gadkari's endorsement further emphasises the city's potential to become a key player in India's automotive supply chain.

The development of Kolhapur as ..

Revamped Plan for Elevated NH Stretch near Kolhapur Unveiled

A comprehensive plan revision is underway for the National Highway stretch near Kolhapur, with authorities opting to elevate the roadway on pillars. This strategic move aims to enhance the infrastructure, addressing issues and optimise the transportation corridor's efficiency.

The decision to elevate the stretch showcases a commitment to innovative solutions for better road connectivity. The revamped plan reflects a forward-looking approach, seeking to improve both the functionality and durability of the National Highway infrastructure near Kolhapur.

By opting for an elevated d..

State greenlights Rs 2.21 bn for Karad Airport Development

It was announced by the state government that a sum of Rs 2.21 billion was approved for the transformation of the existing airstrip at Karad in Satara district into an airport.

Prithviraj Chavan, who was the Chief Minister at the time, championed this project. However, it faced delays due to the necessity of cutting hills and diverting transmission lines and roads for the expansion.

An airport already exists in Kolhapur, with a distance of approximately 75 km between Karad and Kolhapur. According to the civil aviation policy, the establishment of a new airport within a 150 km r..

Shriram Finance Sells Housing Finance Business

Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.

Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..

BMC Finds 188 Dilapidated Buildings in Mumbai

The Brihanmumbai Municipal Corporation (BMC) has identified 188 dilapidated buildings across Mumbai, with a significant concentration of 47 in the eastern suburbs alone. This move comes as part of the BMC's ongoing efforts to ensure structural safety and mitigate risks associated with ageing infrastructure in the city.

The identification of these dilapidated structures underscores the pressing need for proactive measures to address potential hazards and safeguard the lives of residents. The BMC's focus on monitoring and assessing the structural integrity of buildings reflects its commit..