Budget 2024 Maintains Status Quo

02 Feb 2024 CW Team

The recently unveiled Budget 2024 has cast its financial gaze on the infrastructure sector, notably revealing a steady allocation for the crucial Ministry of Road Transport and Highways. The figures, unveiled by the Finance Ministry, indicate a continuation of funding levels for vital road projects across the nation.

Despite expectations of increased funding to accelerate the pace of road development, the decision to keep allocations flat has sparked discussions among policymakers and industry experts. The National Highways Authority of India (NHAI), a key player in executing road projects, will navigate the upcoming fiscal year with a budget mirroring the previous financial period.

While stability in funding provides a sense of predictability for ongoing projects, some voices within the industry express concerns about the potential impact on the ambitious targets set for infrastructure expansion. The government's rationale behind maintaining the status quo in the allocation raises questions about its strategy to address the growing demands of an evolving transportation landscape.

This decision comes at a juncture when the nation grapples with the need for robust and well-connected road networks to support economic growth. The implications of this budgetary choice extend beyond the balance sheets, affecting the pace of infrastructural development that plays a pivotal role in shaping India's future.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..