UNDER CONSTRUCTION METRO PILLAR
![Bengaluru's Namma Metro Green line extension to start in October: Here are station details and latest update](https://img.etimg.com/thumb/msid-112189149,width-100,height-75,resizemode-4/news/bengaluru-news/bengalurus-namma-metro-green-line-extension-to-start-in-october-here-are-station-details-and-latest-update.jpg)
Bengaluru's Namma Metro Green line extension to start in October: Here are station details and latest update
Namma Metro's Green Line extension from Nagasandra to Madavara on Tumakuru Road is set to begin operations by October. This new stretch introduces three additional stations. The trial runs are likely to start soon. Upon completion, the extension will boost the metro network to 76 kilometers. The extended line is likely to alleviate traffic congestion, improving accessibility for Bengaluru residents.
South India's first double-decker rail-cum-road flyover opens for trial run today
Deputy Chief Minister and Bengaluru Development Minister D K Shivakumar conducted a 'trial walk' on the newly built flyover, which stretches from Ragigudda to Central Silk Board, and is part of the Yellow Line of the Bengaluru Metro.
![Prices of premium residential under-construction properties continue to rise in top cities](https://img.etimg.com/thumb/msid-111396537,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/prices-of-the-premium-residential-under-construction-properties-continue-to-rise-in-top-cities.jpg)
Prices of premium residential under-construction properties continue to rise in top cities
According to Savills India, prices of premium under-construction residential properties surged up to 53% in major cities like Gurugram, Delhi, Noida, Bengaluru, and Mumbai. Gurugram led with the highest increase. North Goa also saw a 28% rise in villa prices, driven by remote work trends and high rental yields.
![Chaos at Delhi Airport: Flights & metro shuttle suspended. Here is all you should know](https://img.etimg.com/thumb/msid-111330471,width-100,height-75,resizemode-4/news/india/roof-collapses-at-delhi-airport-flights-metro-shuttle-suspended-here-is-all-you-should-know.jpg)
Chaos at Delhi Airport: Flights & metro shuttle suspended. Here is all you should know
Delhi Airport Roof Collapse: A roof collapse at Terminal 1 of Delhi Airport on Friday resulted in one death and five injuries. The incident, caused by heavy rains in the Delhi-NCR region, also damaged several cars. Flights to and from Terminal 1 have been cancelled, and alternate arrangements are being made. The Aerocity Metro shuttle service to Terminal 1 has been suspended. Heavy rains caused waterlogging and traffic jams across the city, with major roads like Outer Ring Road, ITO, and Dhaula Kuan affected.
![How MSMEs can boost India's real estate market](https://img.etimg.com/thumb/msid-111247736,width-100,height-75,resizemode-4/small-biz/sme-sector/how-msmes-can-boost-indias-real-estate-market.jpg)
How MSMEs can boost India's real estate market
With streamlined regulations and increased credit access, MSMEs have the potential to boost India's real estate sector.
![Under-construction bridge collapses in Bihar's Motihari, third one in less than a week](https://img.etimg.com/thumb/msid-111204718,width-100,height-75,resizemode-4/news/india/under-construction-bridge-collapses-in-bihars-motihari-third-one-in-less-than-a-week.jpg)
Under-construction bridge collapses in Bihar's Motihari, third one in less than a week
An under-construction small bridge collapsed in Ghorasahan block, East Champaran district, Bihar. No casualties. Departmental inquiry initiated. District Magistrate investigating locals' objections.
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Bihar cabinet gives nod to metro projects in four more cities
Bihar Chief Minister Nitish Kumar's cabinet approved metro projects in Patna, Muzaffarpur, Gaya, Darbhanga, and Bhagalpur, sharing costs between the central and state governments and financial institutions. The first phase of Patna Metro, with five operational stations by March 2025, will have both elevated and underground tracks. The cabinet also authorised conducting recruitment exams in two phases if there are a large number of candidates and approved opening sports clubs in all panchayats.
Defence stocks have done it, will the infrastructure sector follow suit? 6 stocks of the highway makers
There are four sectors, Railways, Defence, Infrastructure and PSU as a set of stocks where election results were important due to the fact that policy continuity was seen as major tailwinds. Because the results were not exactly the way the street had expected, there was a sharp reaction in all these stocks after the election results. But within ten days, the majority of the defence stocks are already higher than what they were quoting on the day of elections. The question is whether other sectors also will see a catch up or not. Now there cannot be any doubt that political noise levels are going to remain high and that might create uncertainty at times. It might take a while for some of the sectors to get the momentum back on the street but probability of getting back on track is high as and when the street gets an indication that it is work as usual in the sector.
PM GatiShakti: 3 infra projects worth Rs 6,000 cr evaluated
The MoR project pertains to Gudur-Renigunta Third Rail Line in Andhra Pradesh for the construction of a third rail line between Gudur and Renigunta stations in Andhra Pradesh’s Tirupati district involves an 83.17 km line aimed at enhancing the capacity of the existing double line.
BMC says not appropriate to issue stop work notice to Godrej Properties’ Kandivali project
The Municipal Corporation of Greater Mumbai (MCGM) has decided against issuing a stop work notice to Godrej Properties’ ongoing residential project in the Kandivali suburb of Mumbai as suggested by the defence ministry’s Central Ordnance Depot (COD).
Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%
Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.
Mumbai Metro Aqua Line 3: BKC to Aarey Phase 1 operations set to start from July. Check route map and stations
Mumbai Metro Line 3 Phase I operations on the Aarey to Bandra-Kurla Complex route are set to begin in July. The Mumbai Metro Rail Corporation Limited (MMRCL) expects to start phase I operations of Mumbai Metro Line 3 on this route by then. Necessary dry runs have been completed, with some assessments and approvals pending. The Metro agency is ready to operate over 260 services with its fleet of 19 trains.
SC upholds acquisition of land by DDA, DSIIDC, DMRC between 1957 and 2006 for public infra projects
After hearing arguments on a batch of hundreds of petitions, a bench of justices Surya Kant, Dipankar Datta and Ujjal Bhyan passed the verdict on May 17 setting aside a Delhi High Court order, which had declared the acquisition proceedings to have lapsed in terms of Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act, 2013.
Infrastructure stocks: Stay bullish, hedge to participate in next round of re-rating: 6 infra stock with an upside potential of up to 39%
Among the sectors which have seen a strong re-rating in the last five years, probably infrastructure is amongst the top ones. Like many other sectors here also the re-rating has been largely due to policy push and government spending. If one looks at the performance of the companies in the last five years, there has been clearly strong growth across the board. So, policy continuity becomes critical for this sector and the stocks. The
The Importance of Passive Investing to Achieve Your Wealth Goals
Gaurav Doshi, Principal Officer & Fund Manager at 360 ONE Wealth Open, advocates passive investing as crucial for long-term portfolios amidst the debate between Active and Passive strategies.
Anand Mahindra shares video explaining why Indore is India's cleanest city
Mahindra Group chairman Anand Mahindra highlights Indore's seventh consecutive win as India's cleanest city. His tweet emphasizes the city's commitment to cleanliness, resonating with its recent accolades, including the best 'National Smart City' award. Despite ongoing development projects like the metro, Indore maintains its cleanliness standards, promising improved quality of life for its citizens. The metro's upcoming launch signifies a leap in transportation, symbolizing Indore's progress and sustainability.
Chennai to get relief from traffic congestion with two new flyovers by the end of this year
Chennai to improve traffic with flyovers in Tondiarpet and Vyasarpadi by year's end. Construction updates, benefits, Ganeshapuram subway impact, and Korukkupet congestion relief highlighted.
"India to have world's second-largest urban metro system over next 2 years": Hardeep Singh Puri
Union Minister Hardeep Singh Puri highlighted the remarkable growth of India's urban metro transport, noting that the country is on track to have the world's second-largest urban metro system in the next two and a half years. He emphasized the success of Delhi's metro system, with 73 lakh riders daily, contributing to easier city commutes despite its expanding population. Puri also discussed advancements in the criminal justice system and police modernization under Prime Minister Narendra Modi's leadership.
'People think what is special in bullet train...': Jaishankar opens up on 'benefits' of project
External Affairs Minister Jaishankar highlighted the benefits of the bullet train project, emphasizing reduced distance, urbanization, and collaboration with Japan. He also criticized the Opposition for delaying the project, supporting technological progress and the Mumbai-Ahmedabad bullet train connection.
Metro finally reaches South Mumbai, successful trial run conducted on Metro 3 line. Here is latest update
Mumbai's metro rail achieved a milestone as a trial run train entered the island city via the Colaba-Bandra-Seepz (Metro 3) route, reaching Dadar. The train's journey began at Aarey metro station. Metro 3 is crucial for south Mumbai commuters, with other corridors under construction in suburbs. Trials between Aarey and BKC stations are ongoing, aiming for further expansion southward. Operational phases and deadlines may be affected by trial progress.
Bankruptcy court disposes off insolvency applications against Mumbai Metro One
Mumbai Metro One was the first metro project awarded in the country on a public-private partnership (PPP) basis and entails the design, financing, construction, operation and maintenance of about 12 km elevated metro operating between Versova and Ghatkopar with 12 stations en route, connecting the western and central suburbs of Mumbai.
Chennai Metro will get first driverless metro train soon: Here is the latest update
Chennai Metro Rail Limited introduces autonomous trainsets on phase-2 corridor 4 with unique features like standing perch seats, CCTV cameras, and regenerative braking system. The trains will extend to 116.1 km with an 80 km/h operational speed.
Portion of under-construction bridge over Ganga collapses in UP's Bulandshahr; no casualty
The Ganga bridge in Gajraula collapsed during construction, criticized by Akhilesh Yadav. Investigation ongoing. Quality concerns raised by Yadav against BJP. No casualties reported. Strict actions promised against guilty parties.
Infrastructure projects worth Rs 8 lakh crore under execution in Maharashtra: CM Shinde
Shinde promised to make Mumbai roads free of potholes in the next two years. Speaking on the occasion of the dedication of the newly-constructed building of civic-run Nair Hospital's Dental College in Mumbai Central, Shinde said infrastructure development remains his government's top priority.
PM Modi to inaugurate India's first underwater metro service in Kolkata today
In a monumental development set to transform urban transportation, PM Modi is slated to inaugurate several key metro and rapid transit projects across countries, marking a significant stride towards enhancing urban mobility and connectivity.
Delhi CM Arvind Kejriwal approves signing of MoU on first three metro corridors under Phase-4: Statement
Chief Minister Arvind Kejriwal has approved the signing of a memorandum of understanding (MoU) between the Delhi government, the Centre, and the Delhi Metro Rail Corporation (DMRC) for the first three corridors of Phase-IV of the metro project. These corridors include Janakpuri West-RK Ashram Marg, Majlis Park-Maujpur, and Aerocity-Tughlakabad, totaling 65.2 km and 45 stations.
Bankruptcy court approves listed firm J Kumar Infraprojects’ bid for Pranav Construction
The tribunal, while setting aside the objection petition, observed that the successful bidder had offered a better plan as compared to the objector and more importantly, the committee of creditors, after keeping in mind all the factors such as feasibility and viability of the plan, has unanimously approved the plan. A total of 7,058 companies across sectors were brought into administration from the inception of the Insolvency and Bankruptcy Code in 2016 until September-end 2023, according to the latest data from the Insolvency and Bankruptcy Board of India.
NHAI to undertake safety audit of 29 under-construction tunnels
To move is aimed at ensuring safety and adherence to the highest quality standards during construction and has been triggered by the recent Silkyara tunnel incident in which 41 workers were trapped on November 12.
Why cleaner Mumbai is witnessing a Delhi-like air pollution
Mumbai is experiencing a concerning rise in air pollution levels, with October being one of the most polluted months. The city's air quality index (AQI) reached over 300 in some suburbs, surpassing even Delhi's levels. This increase in pollution has led to a surge in respiratory complaints, particularly among children. Ongoing construction projects, metro construction, high density of private cars, and climate change are believed to be contributing factors.
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