Bollywood actor Shahid Kapoor has leased his lavish apartment in Mumbai's Three Sixty West, an exclusive development by Oberoi Realty in Worli. The 5,395 sq. ft. property, co-owned with wife Mira Kapoor, was acquired earlier this year for INR 58.6 crore. The five-year lease, registered this month, includes a tiered rental structure starting at INR 20.5 lakh per month, along with a 10-month rent-free period. Kapoor joins other Bollywood stars, like Kartik Aaryan and Ranveer Singh, in monetising premium properties amid rising demand for luxury rentals in Mumbai's prime locations.Read more

The Orange Line's Phase II extension, from Ruby to Sector V, has faced delays, with the revised deadline now set for March 2025. RVNL, the implementing agency, acknowledged that an 800m viaduct gap at Chingrighata and a 125m gap at Metropolitan have hindered progress. Despite these setbacks, the project has overcome significant land hurdles and received safety approval for the Ruby-Metropolitan section. The 29km line is expected to eventually connect New Garia to the city airport, but several gaps in the viaduct, caused by land issues, have prolonged the construction process.Read more

Nagpur has inaugurated Asia's first four-tier flyover, featuring a Metro line, vehicular flyover, railway line, and road stacked in layers near Gaddigodam Gurudwara on the National Highway. Built jointly by MahaMetro and NHAI, the 5.6-kilometre Kamptee Road flyover links LIC Square and Automotive Square, costing INR 573 crore. Completed despite challenges, it reduces travel time between Kamptee and Nagpur Airport to 20 minutes. The project highlights Nagpur's pioneering infrastructure, which enhances urban connectivity and reduces congestion. This innovative design serves as a model for multi-tiered transit solutions, influencing future urban projects across India.Read more

Yatin Shah, co-founder of 360 ONE, has purchased a sea-view penthouse in Mumbai's upscale Worli area for over INR 158.51 crore. The luxury duplex, spanning 10,312 sq ft across two top floors, was bought from Prime Realty LLP. The deal, valued at nearly INR 1.54 lakh per sq ft, includes significant stamp duty charges. Mumbai's prime property market continues to perform well, driven by high demand across various segments. This sale adds to the city's record-setting property deals, attracting wealthy individuals from diverse industries.Read more

The Bruhat Bengaluru Mahanagara Palike (BBMP) has announced a significant policy change, halting the issuance of A and B khata certificates for sites in layouts lacking official approval from planning authorities. This move targets unauthorised developments, many on Bengaluru's outskirts, that lack essential infrastructure. The policy aims to enforce stricter urban planning regulations, ensuring that only layouts with approved infrastructure qualify for certification. Experts believe this will encourage adherence to planning protocols and potentially boost property values in authorised layouts. This policy shift is a step towards sustainable urban development, fostering organised growth and improving the quality of life for residents.Read more

The Andhra Pradesh government intends to issue additional tenders to finish the development of Amaravati within three years. Minister P. Narayana indicated that between 2014 and 2019, tenders of INR 41,000 crore were issued, with work costing INR 35,000 crore completed. The World Bank agreed to provide INR 15,000 crore, but demanded immediate flood protection efforts. New tenders for critical buildings will be announced shortly. A technical committee report will steer the new tenders. Plans include the construction of reservoirs, architecture inspired by the Netherlands, and ring roads.Read more

Tamil Nadu Chief Minister M.K. Stalin recently launched the state's first co-working space, "Mudhalavar Padaipagam," in Chennai. It is located in Agaram near Perambur. This new space aims to support local professionals and students by offering high-quality facilities, including high-speed internet, meeting rooms, and a learning centre. Built with an investment of INR 2.85 crore, the project is part of the "North Chennai Development Scheme." Mudhalvar Padaipagam provides affordable, modern workspaces with simple online booking options.Read more

The Kabra family, promoters of the USD 1.25 billion RR Global conglomerate, recently purchased two luxury apartments in Mumbai's Oberoi Three Sixty West for a combined INR 198.17 crore. These sea-view residences on the 62nd floor include a 6,642 sq. ft. unit bought by Kritidevi and Shreegopal Kabra and a 7,167 sq. ft. apartment purchased by Rajesh and Monal Kabra. Other notable buyers in the same tower include leaders from the corporate world such as B K Goenka and Radhakishan Damani, adding to the project's prestige.Read more

The Thiruvananthapuram metro rail project's revised alignment is under active review by the state government, with a final decision expected soon. Kochi Metro Rail Ltd (KMRL) conducted a preliminary study on the updated alignment, running from Kazhakkoottam to East Fort via Sreekaryam and the Medical College, which aims to improve practicality and reduce disruption. Once approved by the finance department and cabinet, KMRL will revise the Detailed Project Report (DPR) for state and central approvals. The project prioritizes heritage conservation by avoiding elevated lines in central areas. Concurrently, Sreekaryam flyover construction is set to start soon, contributing to the city's infrastructure development.Read more

The Telangana government has initiated the Metro Rail Project Phase II, covering a total of 116 km, including a significant stretch from Shamshabad Airport. While field surveys are ongoing for this section, the remaining five corridors totalling approximately 76.4 km will be taken up immediately. Emphasising the project's importance in reducing traffic congestion and pollution in Greater Hyderabad, officials highlighted the successful completion of Phase I. The government has also reassessed and revised the Phase II proposals based on experiences from the first phase.Read more