India targets single-digit logistics costs in five years

Subway Work Starts on Chennai-Bengaluru Highway

Construction has commenced on a vehicular subway along the Chennai-Bengaluru highway in Ranipet, a move expected to ease traffic congestion and improve safety for commuters. The subway is being built as part of the National Highways Authority of India’s (NHAI) larger initiative to enhance infrastructure along one of the busiest national highways in Tamil Nadu. The project aims to provide a smoother, more efficient route for vehicles, particularly in areas where traffic bottlenecks and pedestrian movement often lead to delays and safety concerns. The subway will allow uninterrupted vehicular ..

Centre to Review Real Estate Act

The Central government is set to conduct a review of the Real Estate (Regulation and Development) Act (RERA), which was introduced eight years ago to bring transparency, accountability, and fairness to the real estate sector. The review aims to evaluate the enforcement of orders issued by RERA authorities and assess the overall impact of the act in protecting the interests of homebuyers while ensuring a fair regulatory environment for developers. As part of the review, the Centre has sought detailed reports from state-level RERA authorities on the current status of enforcement, focusing on the..

IndoSpace to Invest Rs.4,500 Crore

IndoSpace, one of India's leading developers of industrial and logistics parks, has announced plans to invest  Rs.4,500 crore in establishing new logistics parks across Tamil Nadu. This significant investment aims to boost the state's industrial growth by enhancing warehousing and supply chain infrastructure. The logistics parks will cater to the growing demand for efficient storage and transportation facilities in various sectors, including e-commerce, automotive, and manufacturing, which rely heavily on seamless logistics operations. The new logistics parks are expected to spread acros..