Tuticorin's New Container Terminal Launches

16 Sep 2024 CW Team

The Tuticorin International Container Terminal (TICT), South India's latest private port facility, is set to commence operations on Monday. This new terminal represents a significant boost for the region’s maritime infrastructure, enhancing its capacity to handle international shipping and cargo efficiently.

TICT’s opening marks a notable development in the region’s port operations, aimed at boosting trade and logistics capabilities. Equipped with advanced technology and infrastructure, the terminal is expected to streamline cargo handling processes, reduce turnaround times, and support the growing demand for containerized cargo.

This development aligns with broader efforts to enhance port facilities across India, improving connectivity and operational efficiency in the maritime sector. The terminal will serve as a critical node in the country's shipping network, facilitating smoother trade flows and supporting economic growth in South India.

By providing a state-of-the-art facility for container handling, TICT is poised to become a key player in the region’s port infrastructure, offering competitive advantages and strengthening the overall logistics network.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..