Gujarat Boosts Urban Landscapes with Rs 253 Crore Initiative

15 Nov 2024 CW Team

On Tuesday, Gujarat Chief Minister Bhupendra Patel approved a substantial budget of Rs 253.94 crore for development projects in 14 towns and one city, aligning with the Swarnim Jayanti Mukhyamantri Shaheri Vikas Yojana. This initiative, originally launched by former Chief Minister Narendra Modi during Gujarat's golden jubilee celebrations in 2010, has now been extended until 2026-27. The scheme aims to address urban challenges arising from rapid industrialization and development, providing essential funds to local bodies to enhance urban welfare and infrastructure.

A portion of the budget, Rs 6 crore, has been allocated to Jasdan Municipality for the development of a riverfront along the Bhadar River. Additionally, Rs 10.29 crore will fund the construction of a new town hall in Halol, and Rs 8.64 crore is set aside for road and heritage wall projects in Viramgam. The Junagadh Municipal Corporation has received Rs 40 crore for significant projects, including a sports complex and heritage restoration at Narsinh Vidya Mandir. These funds are intended to improve key aspects of city development, such as heritage, tourism, and aesthetic appeal, thereby enhancing the urban identity.

Further investments are directed at critical infrastructure, with Rs 25.29 crore, Rs 25.52 crore, and Rs 26.69 crore allocated for stormwater management and drainage projects in Pardi, Patan, and Veraval-Patan municipalities, respectively. The funds also cover water supply systems, sewer management, and essential services in slum areas. Other developments include road construction, street lighting, and water pipeline installations across various municipalities, focusing on both aesthetic and functional improvements to urban areas.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..