PM e-Drive Centre Launches Rs.10,900 Crore EV Subsidy Scheme

03 Oct 2024 CW Team

The PM e-Drive Centre has officially launched an extensive Rs.10,900 crore electric vehicle (EV) subsidy scheme aimed at boosting the adoption of electric mobility in India. This initiative is part of the government's strategy to promote sustainable transportation and reduce carbon emissions.

Under this scheme, financial incentives will be provided to manufacturers and buyers of electric vehicles, encouraging the production and purchase of EVs across the country. The scheme is expected to enhance the domestic EV market, making electric vehicles more accessible and affordable to consumers.

With the increasing focus on green energy and sustainable practices, this subsidy program aligns with India’s broader goals of environmental conservation and energy efficiency. The government aims to support local manufacturers and develop a robust EV ecosystem, driving innovation and technological advancements in the sector.

This initiative reflects a significant commitment to the transition towards a greener future and is anticipated to create jobs, enhance infrastructure, and contribute positively to the economy.

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

India Real Estate Shifts to Institutional Capital

India’s real estate sector is undergoing a structural transformation, evolving from family-funded models into a globally integrated and institutionalised asset class, as highlighted at EXCELERATE 2026 organised by NAREDCO Maharashtra NextGen in Mumbai.The event saw participation from over 750 delegates, including investors, policymakers and industry leaders, who discussed the sector’s rapid evolution driven by urbanisation, regulatory transparency and innovative financing tools such as REITs and SM REITs.Dr Niranjan Hiranandani emphasised that urbanisation is expected to rise from 35 per c..

Dubai Q1 Property Sales Rise 23.4% in Value

Dubai’s real estate market recorded 47,996 sales transactions worth AED 176.7 billion in Q1 2026, marking a 5.5 per cent year-on-year rise in volume and a 23.4 per cent increase in value. As per a report by fäm Properties, the off-plan segment remained the key driver, accounting for 70 per cent of transaction volume and 71 per cent of total value, underlining the strong momentum of new project launches across the emirate.Data from DXBinteract showed that off-plan sales in March alone reached 10,303 transactions worth AED31.2 billion, up 5.4 per cent in volume and 8.9 per cent in value over ..