MAHSR Corridor to Be Fully Operational by 2029

Kokrajhar-Gelephu Rail Line Gets Special Project Status

The Northeast Frontier Railway (NFR) has declared the Kokrajhar-Gelephu New Rail Line — Bhutan’s first-ever railway link — a Special Railway Project (SRP), enabling quicker land acquisition and faster execution. The 69-km project, which runs through Assam and extends into Bhutan, was granted SRP status under the Railways Act, 1989.According to a Railway Ministry official, the project is strategically significant, advancing India’s Act East Policy and boosting cross-border trade and connectivity with Bhutan. The SRP classification allows land to be acquired under the streamlined provisi..

CLINT Sells Chennai, Hyderabad Assets for Rs 11 Billion

Commercial real-estate trust CapitaLand India Trust (CLINT) has divested its stakes in CyberVale, Chennai, and CyberPearl, Hyderabad, to an unrelated third party for Rs 11 billion (approximately S$161.7 million). The two assets were sold at a 3 per cent premium to their independent valuations as of 31 December 2024. Net proceeds from the deal are expected to be Rs 10.8 billion (around S$158.8 million).CyberVale comprises 0.8 million sq ft of IT Special Economic Zone space and 0.2 million sq ft of Free Trade Warehousing Zone in Mahindra World City, Chennai. CyberPearl is a 0.4 million sq ft IT ..

PM Modi to inaugurate Navi Mumbai airport and Metro-3 final phase on Oct 8–9

Prime Minister Narendra Modi will inaugurate the Navi Mumbai International Airport (NMIA) and the final phase of Metro-3, along with key stretches of the city’s metro expansion, on October 8 and 9.Earlier reports suggested a September 30 inauguration, but the programme has now been confirmed for the second week of October, coinciding with the Prime Minister’s participation in the International Fintech Festival in Mumbai.With the completion of Metro-3, the 33.5 km Colaba–Bandra–SEEPZ line will become fully operational. The first phase (Aarey to BKC) was inaugurated in October 2024, foll..