95 per cent private vehicle users open to Bengaluru metro shift
NaBFID to Raise $3.6B for Infrastructure
The National Bank for Financing Infrastructure and Development (NaBFID) is planning to raise up to $3.6 billion this quarter to fund infrastructure projects across India, according to Managing Director and CEO Rajkiran Rai G. NaBFID is on track to exceed its $12 billion loan sanction target for FY25, Rai said, adding that loan disbursements could reach $7.2 billion, though procedural delays might pose challenges. “In the infrastructure sector, there is always a gap between sanction and disbursement,” he noted. The development finance institution, set up in 2021, recently secured $600 milli..
Mumbai Road Concretisation Deadline Set for May 31
Mumbai’s road concretisation drive is racing against time, with BMC Commissioner Bhushan Gagrani setting a deadline of May 31 for completing all ongoing works. The directive aims to ensure the city’s roads are motorable before the monsoon arrives. The Brihanmumbai Municipal Corporation (BMC) has undertaken a massive project to concretise all tar and paver block roads across the city. So far, 1,333 km of roads have been concretised, with the remaining work divided into two phases. Phase 1 covers 324 km (698 roads), while Phase 2 includes 377 km (1,420 roads). By May 31, BMC targets to finis..
Mumbai Real Estate: Small Homes Lead, Bigger Units Gain Demand
Mumbai’s real estate market saw a significant trend in 2024, with 50% of registered properties being smaller than 650 sq ft, according to Maharashtra Real Estate Regulatory Authority (MahaRERA) data. Nearly 60% of these comprised 1 BHK and 2 BHK apartments, highlighting affordability as a key factor in homebuyer decisions. Despite this trend, the demand for larger homes is growing. The supply of apartments between 650 and 1,300 sq ft has nearly doubled over the past four years, indicating a gradual shift in buyer preferences. In 2024, Mumbai recorded 63,244 property registrations—4% higher..