Real Estate Booms in Emerging Cities

Smart Lockers Debut on Delhi-Meerut RRTS

The National Capital Region Transport Corporation (NCRTC) has launched smart lockers at Sahibabad and Ghaziabad stations along the Regional Rapid Transit System (RRTS) corridor, providing passengers with secure storage for luggage and e-commerce parcels. The initiative will be extended across all stations on the corridor in the future. The RRTS, a high-speed rail project spanning 82 kilometers, connects Delhi, Ghaziabad, and Meerut, offering faster and more convenient commutes. Currently, trains operate on a 55-kilometer stretch, covering two stations in Delhi, eight in Ghaziabad, and one in ..

JK Tyre Secures $100M Sustainability-Linked Loan

India’s tyre industry has achieved a significant milestone as JK Tyre secured a $100 million Sustainability-Linked Loan (SLL) from the International Finance Corporation (IFC). The first deal of its kind in the sector will drive the company’s growth plans and strengthen its sustainability initiatives. Boosting Production Capacity The loan allocates $30 million to JK Tyre & Industries Ltd and $70 million to its subsidiary, Cavendish Industries Ltd (CIL). The funds will enhance production at JK Tyre’s Banmore plant in Madhya Pradesh, focusing on Passenger Car Radial (PCR) tyres, and CILâ€..

Lucknow Approves ?60 Million for Imambara Restoration

The Lucknow Municipal Corporation has approved ?60 million for restoring three gates of the historic Chhota Imambara under the Smart City Project. This decision comes after the Allahabad High Court's intervention in a writ petition filed by Syed Mohammad Haider Rizvi. The High Court directed the Archaeological Survey of India (ASI) to submit a detailed repair plan within two weeks and instructed the district administration to remove encroachments around the gates. ASI, in its affidavit, estimated the restoration cost at Rs 61.7 million and confirmed that the work would be carried out by the I..