New Jogeshwari Terminus Set to Open This Year

12 Feb 2025 CW Team

The new rail terminus at Jogeshwari, located between Ram Mandir and Jogeshwari stations, is expected to become operational within the next six months. The terminus, which is situated near a former cement warehouse once operated by the railways, has been under construction for nearly two years at an estimated cost of Rs 690 million. The facility is expected to ease the pressure on the existing terminuses at Dadar, Bandra, and Mumbai Central by increasing train services.

The construction work has progressed significantly, with key milestones such as the completion of a labour shed and on-going work on the cover shed, service building, platform, and station building. Tracks are also being laid as part of the development. The island platforms, which will accommodate trains arriving from either side, are nearly ready. The island platform is 600 metre long, 12 metre wide, and designed to accommodate 24-coach trains. Additionally, the terminus will feature two berthing lines and a Power Run Down line for shunting movements, along with watering facilities for coaches.

Western Railway officials have set a target for 70-75 per cent completion of the project by the end of March. They are hopeful that the major portion of civil works will be completed by summer. The new terminus is designed to improve the overall train operations and ease congestion, benefiting passengers from both the western and eastern suburbs.

While the development has been welcomed by many, there are concerns regarding the scheduling of trains. The potential for crowding, especially during peak hours when multiple trains may arrive or depart at the same time, could pose challenges for passengers with luggage.

News source: Hindustan Times

Real Estate

14 Oct 2025

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

Norwegian Fund Invests $20 Million in IPO-Bound SAEL

SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions. The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capi..