Mumbai's ambitious coastal road project reached a milestone this week when the 44-meter length linking the northbound coastal road to the Worli sea connection was erected. This improves city connections, although project completion is projected to take place next year.

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.

Four girders for the bridge connecting Worli to the Coastal Road and Bandra-Worli Sea-Link will be installed in March, with the entire bridge expected to be operational by May, 2024. This step is part of the larger Mumbai Coastal Road Project (MCRP), aimed at enhancing connectivity in the region.

Southern Mumbai's new Eastern Freeway from Orange Gate to Grant Road will be built by the Municipal Corporation of Mumbai. Transport times and connections will be greatly reduced by this 5.5-kilometer corridor. Project completion is scheduled in three and a half years by J. Kumar Infra.

Given the large number of stalled housing projects, the SWAMIH fund, which finances their completion, has demonstrated potential but has scalability issues. Despite completing over 26,000 residences and recovering a major share of investor funds, it needs to expand its reach and efficiency.

With the completion of the Coastal Road project, Mumbai, known for its energy and drive, is about to change. This modern motorway along Mumbai's western shoreline is expected to change the metropolitan environment, particularly in luxury residential areas.

In the real estate realm, "stalled projects" are those that have ceased construction entirely, contrasting with "delayed projects" which progress slowly due to various factors.

The Government of India is urging banks to use the'special window' it has opened up to expedite the completion of large-scale real estate projects worth more than 3 lakh crore.

Real estate development and construction company BCD Group has teamed with real estate consultancy firm ArisUnitern to expedite the completion of residential projects in South India.

West Bengal's new property regulator expects to register all current projects under the Real Estate (Regulation & Development) Act, 2016 within three months, easing buyer concerns regarding completion dates and quality.

Following a Supreme Court directive, a consortium of seven banks would pay Rs 1,500 crore in loans to finish the building of the former Amrapali group's delayed projects.

The body is asking the ministry for prompt action for the benefit of the real estate sector and home buyers.

In the backdrop of the disruption caused by Covid-19, the government will look into the demands of the real estate industry, including an extension of project completion timeline by 6-9 months and extension of building permissions secured already as per Ministry of Housing and Urban Affairs.