Delhi notifies premium bus aggregator policy

23 Nov 2023 CW Team

In a move towards providing more convenient and reliable public transportation in the national capital, the Delhi government notified its premium bus aggregator policy.

The newly notified Delhi Motor Vehicles Licensing of Aggregator (Premium Buses) Scheme 2023 aims to motivate residents to shift from their private vehicles to comfortable bus services for travel within the city.

Under the policy, an aggregator will receive a five-year licence to operate these buses. Licence holders will have the authority to fix fares specific to routes. While dynamic pricing is permitted, the base fare must not fall below the peak fare of DTC AC buses. To ensure customer convenience, only digital pre-booked ticketing is allowed.

The policy's primary objective is to incentivise the upper middle class to transition towards utilising public transportation services. In line with this directive, the forthcoming premium buses are slated to feature a range of amenities, including air conditioning, Wi-Fi connectivity, GPS navigation, CCTV surveillance, panic buttons, and a 2 x 2 seating arrangement, with optional reclining seats available.

The regulations specify that electric premium buses will be exempt from licence fees. However, for applicants other than e-bus operators, the rules outline a fee structure for licence grants.

These applicants are required to pay a total of Rs 5 lakh along with an interest-free security deposit. The security deposit amounts to Rs 1 lakh for 100 buses, Rs 2.5 lakh for 1,000 buses, and Rs 5 lakh for fleets comprising more than 1,000 buses.

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..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..