Bengaluru approves Rs 6.94-billion plan to repair 390 km of roads

27 Nov 2024 CW Team

The Urban Development Department (UDD) has approved BBMP’s action plan for repairing 389.7 km of arterial and sub-arterial roads, with an estimated cost of Rs 6.94 billion. The project is scheduled to commence in January 2025 and will involve several components: milling damaged roads, de-silting and re-roofing drains to ensure efficient rainwater flow, installing NP-3 pipes in areas lacking roadside drains, constructing pavements with concrete bases, grating to channel water from roads to drains, and installing and levelling curb stones to delineate road lines and footpaths.

To manage funding, BBMP will execute the works over two financial years. Rs 3 billion will come from the 2024-25 budget, and Rs 3.94 billion will be allocated from the 2025-26 budget.

Of the 389 km of roads, 101 km—approximately 26 per cent of the total—are located in the Mahadevapura zone, which is part of the IT corridor. This zone has been allocated the highest funding of Rs 1.75 billion. Conversely, Dasarahalli zone will receive the least allocation, Rs 200 million, for the repair of 14 km of roads.

BBMP Chief Commissioner Tushar Giri Nath explained that several roads had not undergone significant development or resurfacing for over five years, leading to recurring potholes and patchy stretches. He stated that the agency now aims to address these issues through comprehensive resurfacing. Following the UDD's approval, Nath mentioned that the tendering process would be initiated by Thursday. He anticipated that the process would conclude by the end of December 2024, enabling work to begin in January 2025.

Additionally, the UDD directed that the works be packaged into contracts of no less than Rs 100 million each. It also instructed that all packages comply with the Karnataka Transparency in Public Procurement Act, 1999, and the associated rules framed in 2000.

Real Estate

03 Dec 2025

Noida Office Rentals Rise 18% in Six Years, Prime Districts up 29%: C&W

Noida’s office market has recorded an 18 per cent rise in average rentals over the past six years, underscoring the city’s growing appeal as a corporate hub, according to a new report by Cushman & Wakefield.In its study, Noida – Runway for Growth, the consultant noted that prime locations such as Sector 16 and Film City logged a sharper 29 per cent jump in rents, reflecting sustained demand and improving business infrastructure. As of September 2025, Noida’s office stock stands at 43.4 million sq ft, including 26.6 million sq ft of Grade A+ space.The report shows average rentals no..

Mount K Kapital Launches Rs 40-Bn Second Fund for Pan-India Real Estate Bets

Mount K Kapital, the realty-focused investment platform backed by the Rustomjee Group, has raised its second real estate fund of about Rs 40 billion, marking a major scale-up in its investment strategy.Binita Dalal, founder and managing partner, said the fund will finance 10–15 projects currently being identified across the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru and Pune. The vehicle—supported by strong but undisclosed general and limited partners—will step in at the acquisition stage and continue funding through the development cycle in partnership with developers.Dalal ..

Kesar India Buys Key Nagpur Land for Major High-rise Project

Kesar India has expanded its national footprint with the acquisition of a 24,256 sq m land parcel in Hingna, Nagpur, paving the way for a large mixed-use high-rise development. With an estimated development potential of over 1.50 million sq ft, the project will cater to the city’s growing need for integrated residential and commercial spaces.The company expects the development to generate around Rs 9 billion in revenue, reinforcing its growth plans in one of Maharashtra’s fastest-expanding urban centres. The acquisition also strengthens its project pipeline as it continues to build a prese..