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      • 22nd May 18

        To Decongest East Delhi, Centre Proposes A 19-Km Highway

        The Centre is planning to build a 19-km highway starting from Loni near the Delhi-Ghaziabad border to the Akshardham flyover. The new highway will allow commuters to avoid the congested areas of east Delhi and reach the Saharanpur-bound national highway NH709B near Loni from the NH-24 directly. The project has received an in-principle approval while it may take upto three months to file a detailed project report.
      • 3rd May 18

        Mumbai Metro Ridership Hits 400-Million Mark

        The Mumbai Metro has crossed 400-million ridership at a 12-km route between Versova- Andheri- Ghatkopar in a period of four years. Also, it has emerged as the only public transport infrastructure that witnessed an increase in passengers of up to 15 per cent annually. According to the data available with Mumbai Metro One, the network operates with around 378-382 trips on weekdays, with a punctuality performance of 99.9 per cent along what is the world's densest corridor. The route also connects the eastern and western suburbs via Andheri.
      • 16th May 18

        Did Not File Your Property Returns? Your Salary May Be Stopped

        When the government made over 80 per cent of the existing currency invalid on November 8, 2016, it primarily aimed to curb benami transactions, especially in real estate transactions. Since property deals are capital intensive, real estate was widely used by people to park their unaccounted money. From thereon, life of such persons has become much tougher, with the government launching new measure frequently to nab offenders.
      • 10th May 18

        Bombay High Court Allows State To Charge Share In Leasehold Profits

        When the state government made an insertion and created an amendment in the Maharashtra Land Revenue Code, 1966, in August 2016, real estate developers were among the parties that were terrified. The state added Section 37A in the Code, giving itself the right to charge and recover from lessees the unearned income—the money they earned by transferring lease-holding rights to another person or entity. Under the changed norms, lease-holders could not transfer their lease-holding rights to another party without a prior permission of the state. On May 3, the Bombay High Court allowed the aggrieved realtors great relief while upholding the validity of the amendment.
      • 23rd Apr 18

        Delhi-Mumbai Express Highway May Cut Travel Time By 8 Hours         

        Transport Minister Nitin Gadkari has announced that work on the Delhi-Mumbai Express Highway would start soon. The Delhi-Mumbai Expressway is a greenfield access-controlled highway developed at a cost of Rs 1 lakh crore and will take three years for completion. Aimed at reducing the travel time between the two cities from 20 hours to 12 hours, the project will also have a new alignment covering several backward areas of the country and lead to industrial growth.
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