Progress Update: Mumbai-Ahmedabad Bullet Train Tunnel Construction

09 Oct 2023 CW Team

Prestige Group, a prominent player in the Indian real estate sector, has reported robust sales worth Rs 7,092 crore in the second quarter of the fiscal year 2024. This achievement showcases the company's resilience and continued growth despite challenges in the real estate market.

During this period, Prestige Group successfully navigated through the evolving market dynamics, capitalizing on its diversified portfolio of residential, commercial, and retail projects.

The impressive sales figures demonstrate strong demand for their properties, reflecting the trust of customers in the brand.

The company's commitment to innovation, quality, and timely project delivery has played a pivotal role in attracting buyers.

Prestige Group's strategic locations and attractive amenities have further bolstered its appeal to homebuyers and investors.

This remarkable performance in Q2 FY24 positions Prestige Group as a frontrunner in the Indian real estate industry. It reaffirms the company's commitment to providing exceptional real estate solutions and underscores its ability to adapt to changing market conditions

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..