MMRDA seeks project funding from German bank KfW

01 Sep 2019 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has been engaged in talks with KfW, the German state-owned development bank, to explore possible funding opportunities for its urban infrastructure projects. An ‘appraisal mission’ was conducted on an official 10-day visit where German delegates assessed the various metro projects in the city. They were also briefed on Metro Line 4 and the multimodal integration project.

“MMRDA is on a mission to create a Mumbai of the future. We are delighted to announce that Germany’s third largest bank has expressed interest in funding our projects. This association will be a boon to MMRDA’s flagship project, the Mumbai Metro,” says R A Rajeev, Metropolitan Commissioner, MMRDA. “I have personally briefed the bankers on the details of the project and emphasised upon our need to protect the environment while being socially responsible. The MMRDA Metro project will be one of the best in the world and we look forward to working with KfW.”

The delegates further visited several other sites under construction and were keen on discussing MMRDA’s future development plans in the city.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..