India recently welcomed its deepest metro station! Under the strong leadership of Satya Narayan Kunwar, Deputy General Manager of Afcons Infrastructure and Project Manager of the Kolkata Metro project, the country’s deepest metro station at Howrah has been structurally completed in a record time of 17 months.
India will soon have its first underwater train in Kolkata, as most of the work for the train project has been completed and the metro train services will start soon. The 16.6-km-long Kolkata East West Metro project, to be completed by 2021, will have the county's first underwater tunnel.
The Kolkata Metro Railway Corporation (KMRC) notified the Calcutta High Court that the construction it had undertaken on the East-West Metro corridor had been stopped due to the incident that took place where numerous houses in the central parts of the city were damaged during tunnel-boring work.
Mumbai alone has about 5 lakh vacant houses, followed by Delhi and Bengaluru at 3 lakh, Pune and Ahmedabad at 2 lakh, Jaipur at 1.2 lakh, Hyderabad at 1 lakh, Kolkata at 80,000, Bhopal and Gurugram at 75,000, Lucknow at 65,000 and Ghaziabad at 55,000, as per the Knight Frank report.
Residential unit launches in H1 2019 increased by 21 per cent YoY to 0.11 mn units while sales grew by a steady 4 per cent YoY to 0.13 mn units. The residential market witnessed growth in supply as well as sales for the third consecutive half year period, both hitting their highest level since demonetisation during H2 2016