PM Modi to unveil segment of Coastal Road

02 Feb 2024 CW Team

It has been announced that Prime Minister Narendra Modi is set to inaugurate a partial stretch of the ambitious coastal road project by the Brihanmumbai Municipal Corporation (BMC) on February 9. Originally, the groundbreaking ceremony was intended to be led by Shiv Sena UBT chief Uddhav Thackeray, but the swift inauguration by the Bharatiya Janata Party (BJP) has raised concerns, especially with the upcoming Lok Sabha elections and the enforcement of the election code of conduct.

As per reports, the inaugurated segment will be the southbound stretch from Worli to Marine Drive. The coastal road, spanning from Princess Street in Marine Drive to the Worli end of Bandra-Worli Sea Link, addresses the long-standing issue of traffic congestion. It is anticipated to be operational from Monday to Friday, between 8 am to 8 pm, with closures on weekends to facilitate ongoing construction. Chief Minister Eknath Shinde rejected the proposed toll of Rs 85 for using the coastal road.

The total project cost of Rs 139.84 billion includes a construction cost of Rs 93.84 billion, with the remaining funds allocated for administrative charges, physical infrastructure, water and sewerage facilities, cost contingencies, supervision, compensation for mangroves, and the relocation of utilities. The project's overall progress currently stands at 84 percent.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..