Infrastructure

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.

In Mumbai, a big project to connect two important bridges, Gokhale and CD Barfiwala Flyovers, is facing delays. The city's officials have shared that finishing this task might take until the end of the year. This news means more traffic jams for people driving on SV Road, especially when it rains.

The solar energy leader Waaree Energies has partnered with Mahindra Susten, a renowned renewable independent power provider, in a milestone deal. With Mahindra Susten receiving 280 MW of Waaree Energies' cutting-edge solar modules, this agreement will boost India's clean energy potential.

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.

Mumbai will complete an important infrastructural milestone when the first section of the Gokhale Bridge in Andheri is finished in March 2024. After a 15-month break, the bridge will partly open to light motor vehicles (LMVs) by the end of the month, easing commutes for many drivers.

Mumbai—the city of dreams—is about to revolutionise transit. Mumbai transport will alter substantially due to various major infrastructural initiatives. These high-tech city developments and high-speed rail lines establish new standards for urban life as well as connectivity.

Avaada Group has invested Rs 40,000 crore in 6,000 MW hybrid wind-solar projects in Gujarat, a historic initiative. At the Vibrant Gujarat Global Summit 2024 in Gandhinagar, Gujarat Chief Minister Bhupendrabhai Patel signed the historic agreement.

Narendra Modi opened the Mumbai Trans Harbour Link (MTHL), also known as Atal Bihari Vajpayee Sewri Nhava Sheva Atal Setu, for public commuters. This massive six-lane sea bridge, 21.8 km long and 16.5 km across the sea, shows India's infrastructure.

Singapore-based CapitaLand Investment Ltd. signed three significant MoUs with Tamil Nadu on January 9. The state would get around Rs 4,500 crore from this ambitious endeavour over five years.

Kavaratti, Lakshadweep, Prime Minister Narendra Modi unveiled and lay the foundation stone for around INR 1,150 crore developments. This enormous project encompasses technology, energy, water resources, healthcare, and education to improve the region's infrastructure and quality of life.

Prime Minister Narendra Modi inaugurated and started over Rs 20,000 crore in development projects in Tiruchirappalli to boost Tamil Nadu's economy. On January 2, 2024, these projects included rail, road, oil and gas, and shipping, signifying a major infrastructure investment in the state.

The Mumbai Trans Harbour Link (MTHL) will change Mumbai's transport dynamics. On January 12, 2024, India's longest sea bridge will cut travel time from two hours to 20 minutes. This 21.8 mile engineering wonder would connect Sewri in Mumbai to Chirle in Navi Mumbai, serving 70,000 trucks daily.

In an exciting development for Nashik residents, the National Highway Development Authority (NHDA) has announced a substantial investment to transform the travel experience between Mumbai and Nashik.

Afcons Infrastructure, the Ahmedabad Metro Phase 2 construction contractor, completed the Sabarmati River Bridge near Gandhinagar. At 962 metres, this Phase 2 Package C1 bridge connects the Gujarat National Law University (GNLU) to GIFT City.

Infracon, in partnership with Delhi Metro Rail Corporation, is the leading bidder for the Thane Depot, a significant component of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project. As the lowest bidder, the joint venture will do several responsibilities.