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Germany: Vonovia CEO Predicts Rise in Real Estate Bankruptcies
New terminal to open at Vijayawada Airport before year end
Vijayawada MP and Vice-Chairman of the Airport Authority, Kesineni Sivanath (Chinni), announced that a new terminal at Vijayawada Airport is set to open by the coming summer, marking a significant enhancement in the region's aviation infrastructure. The announcement was made during the inauguration of IndiGo's new flight service from Vijayawada to Mumbai, flight no. 6E 943, by Machilipatnam MP Vallabhaneni Balashowry, who also serves as the Chairman of the Airport Authority. The event was attended by MLA Yarlagadda Venkata Rao, MLA Kolikapudi Srinivasa Rao of Thiruvuru, and other dignitaries...
Andhra Pradesh to get seven new airports: Naidu
Andhra Pradesh Chief Minister Nara Chandrababu Naidu is currently on a two-day visit to Delhi, where he is meeting with Prime Minister Narendra Modi and other union ministers. The Chief Minister met with Union Civil Aviation Minister Rammohan Naidu at the Ministry of Civil Aviation. Following their meeting, Rammohan Naidu announced that Andhra Pradesh's airport network will expand from the current seven airports to a total of 14. The Chief Minister has expressed a desire to increase the terminal capacity of existing airports and enhance facilities at Rajahmundry, Vijayawada, and Kadapa. The ..
Phase 3 of Namma Metro to boost property prices by over 30%
The Union Cabinet's approval for Phase 3 of the Bengaluru Metro Rail Project is anticipated to drive up property prices in select localities by more than 30%, according to real estate experts. Manoj Agarwal, Founder, Agarwal Estates, predicts an immediate 10% price increase, with an additional 20% rise expected over the medium term. He emphasised that this increase is separate from the annual appreciation driven by inflation. "The mere announcement of Phase 3 will push prices up by 10%, with developers likely to hike prices for projects along the new metro lines within the next one to thre..
