Five ring roads are being built as part of a megacity inter-linking project to improve traffic flow and connectivity. The proposed Orange Gate tunnel will link the Freeway and Coastal Road at Marine Drive on the southernmost ring road. Mumbai will connect to Thane, Palghar, and Alibaug.

To finish the Mumbai coastal road tunnels, Larsen & Toubro (L&T) has asked an extension until September 30. Two tunnels are online, but significant integration tasks remain, necessitating this request.

The Pradhan Mantri Awas Yojana (PMAY)'s financial assistance for 30 million more housing units will boost affordable housing and move closer to the government's goal of housing for all.

In a symbol of Gurugram's rise as India's real estate capital, Godrej, Oberoi, Adani, and DLF have begun building luxury residential projects in the city. Prestige and Sobha are also competing in the city's property market, which is booming and attracting attention.

The Infibeam Avenues-commissioned Artificial Intelligence and Technology Extension Hub in Ahmedabad will be built by Colliers. With plans to open within 18 months, this new building is an expansion of the planned AI centre in GIFT City, Gujarat.

Indian real estate is hopeful for major improvements when Finance Minister Nirmala Sitharaman presents Budget 2024. The business anxiously awaiting affordable housing definition extension, industry classification, and tax benefits for homebuyers and developers.

The Union Cabinet has extended the Pradhan Mantri Awas Yojana (Urban) till December 2024. This decision, announced in an official statement, extends the June 2015 plan. The original March 2022 'Housing for All' Mission aims to provide pucca dwellings to all qualified urban inhabitants.

Despite rising interest rates over the last 18 months, asset quality has improved in the Indian home financing market. Rising incomes have offset greater monthly payments, ensuring stability.

Wave City in Ghaziabad added Tower H to its residential project 'Eligo'. This newest extension provides luxury living with most apartments overlooking the park.

The MMRDA may extend the Versova-Virar Sea Link to Palghar, good news for Mumbaikars.The Mumbai Metropolitan Region Development Authority (MMRDA) is seeking DPR consultants for the Versova-Virar Sea Link project to Palghar.

Mumbai, the city that never sleeps, will soon add another significant transit upgrade with Metro-3 Line Phase-1, which will link Aarey to Bandra Kurla Complex.

Major Real Estate Developers Announce New Projects in the Delhi-National Capital Region in 2023-2024

Godrej Properties Obtains Nine Acres and Enters the Gurugram Golf Course Road Extension Market

Cinepolis bought Raj Nagar Extension's Migsun Migente Mall's 35,000-square-foot property. Cinepolis will provide the best visual experience with cutting-edge technology on four screens.

Noida real estate is turning a fresh leaf, and developers' interest in land near Noida Expressway is proof. M3M, DLF, and others are expanding in Gurgaon's Golf Course Road Extension and Sectors 128-35.