Real estate construction costs in India to rise 6% in 2024

State Clears International Loan Guarantee for Six Mumbai Metro Corridors

The Maharashtra government has approved a financial framework allowing the Mumbai Metropolitan Region Development Authority (MMRDA) to raise international loans against six on-going Metro projects. The move is expected to expedite infrastructure development across key corridors in the Mumbai region.The corridors that will benefit from this funding mechanism include Metro Line 5 (Thane–Bhiwandi–Kalyan), Line 6 (Swami Samarth Nagar–Vikhroli), Line 7A (Dahisar East–Mumbai Airport), Line 9 (Dahisar East–Mira Bhayander), Line 10 (Gaimukh–Shivaji Chowk, Mira Road), and Line 12 (Kalyan–..

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..