Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Chandigarh Proposes Uniform FAR of 2 for Industrial Buildings

Industrial establishments in Chandigarh’s Phase 3 could receive greater construction space for expansion and modernisation under a proposal to fix the floor area ratio (FAR) for industrial buildings at 2, regardless of plot size. The proposal was discussed by the Chandigarh Heritage Committee and covers buildings governed by both architectural controls and zoning parameters. The proposed change forms part of amendments being considered to the Chandigarh Master Plan 2031. If approved, it would replace the existing plot-size-linked approach with a uniform FAR of 2, allowing industrial units to..