Infrastructure

Mumbai Infrastructure Update Guide 2024

The state cabinet adopted Arunachal Pradesh's logistics strategy, assuring PM Gati Shakti compliance. The goal of this strategy is to optimise state integrated development by 2047.

By 2027, the Indian construction market is anticipated to have grown at a CAGR of 17.26%, from 2022 to 2027, and reach $1.42 trillion.

Bhumika Group, a major New Delhi retail real estate developer, received the Letter of Acceptance (LOA) for the NHPC Metro station project from the Delhi Metro Rail Corporation (DMRC) to enter the metro mall sector.

NDITA inked an MoU with Mumbai, Bengaluru, Chennai, Kochi, and Noida World Trade Centres during the Urban Infrastructure session of Biswabanga Mela Prangan of Bengal Global Business Summit, 2023.

Arete Group announced that Silox India purchased 35 acres of prime industrial land at PIP (Payal Industrial Park) in Dahej, Gujarat. Land was bought by Arete Group. Inorganic chemical company Silox India is based in Belgium.

ABB and Titagarh Rail Systems are partnering to offer metro rolling stock propulsion systems in India. The partnership has won contracts to design and supply Gujarat metro carriage equipment.

Ginger Mumbai Airport is new from IHCL. Ginger will showcase its lean luxe style and service of vibrant, contemporary, and seamless hospitality in its flagship 371-key hotel near the domestic airport.

In an effort to transform the six-lane, 94-kilometer speed corridor into an eight-lane segment, MSRDC has initiated the enlargement of the Mumbai-Pune Motorway at two toll plazas.

Beginning on October 29, 2023, Oman Air commenced direct service between MOPA Airport in Goa and Muscat, Oman. Significant developments are anticipated in the vicinity, particularly in the real estate sector, as MOPA, the most recent airport in Goa, comes into operation.

After over two decades of uncertainty, Lokhandwala-Yari Road vehicular bridge work in Andheri has commenced. This will enhance real estate in Lokhandwala, Yari Road, and other Andheri west neighbourhoods. Developers' newly launched Lokhandwala and Yari Road projects will also be affected.

Using technology to boost construction efficiency, Mycrane has expanded globally thanks to Series A investment.

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.

On November 4, 2023, Dilip Buildcon (DBL) received a provisional completion certificate (PCC) for completing the public-private partnership (PPP) four-laning of the Dhrol-Bhadra Patiya sector of NH-151A in Gujarat.

Dilip Buildcon is the single responder (L1) for the Goa twin-tower project. Union Ministry of Road Transport and Highways (MoRTH) has not yet awarded the job to the business.