The Minister of Finance stated at the announcement of the Union budget for 2023 that a 66% rise in the Pradhan Mantri Awas Yojana appropriation to around Rs 79,000 crore will improve the availability of affordable housing and develop dwellings for underprivileged and economically vulnerable populations. The budget also placed a strong focus on the connection while constructing the nation’s infrastructure. Tier 1 and Tier 2 cities will benefit from an infrastructure improvement. And in the years to come, this will indirectly stimulate real estate expansion.… Read more

The 135 km Eastern Perimeter Highway, which was constructed for Rs 11,000 crore, includes some distinctive characteristics and is the first highway in India to be illuminated with solar energy on an annual basis in addition to following rules for rainwater collecting. 40 fountains, together with 36 national monuments.… Read more

A greenfield highway project called the Delhi-Mumbai Expressway is being considered with the goal of linking Delhi and Mumbai, two of the biggest cities in India. The motorway would travel through the states of Uttar Pradesh, Haryana, Rajasthan, Gujarat, and Maharashtra over a distance of around 1,450 kilometers. The project is anticipated to cut the current 24-hour travel time between Delhi and Mumbai to only 12.… Read more

The Mumbai Trans Harbor Link (MTHL) is almost finished, and it will likely open to the public in time for the holiday season of 2023. The MTHL is almost 90% finished, and transfer loops and ramps currently link the main bridge to other highways. Eight ramps make up the Sewri Interchange, including two that link Hajibandar Road, four that connect Mumbai and Navi Mumbai to the Eastern Expressway, and two that do the same for the Sewri-Worli Connector. Six ramps at Shivajinagar Interchange lead to the coastal road that CIDCO is proposing. Navi Mumbai, JNPT, and MTHL would be connected to SH-54 by four ramps with 2+2 lanes each.… Read more

India is on the verge of expansion, with the infrastructure sector playing an important part in the country’s economic prosperity. The administration has prioritised the implementation of measures that would enable the countries develop of world-class infrastructure. The sector encourages the expansion of associated industries such as townships, housing, construction, and building development projects, acting as a driver for economic growth. The infrastructure industry in India is expected to increase at an 8.2% CAGR by 2027. The Government has also earmarked INR 10 Lakh rupees in the Union Budget 2022-23, indicating the need for significant sector improvement.… Read more

The Airports Authority of India (AAI) said on December 21, 2022 that more than half of the construction on the future Ayodhya Airport has been done, and the ‘design marvel’ might be finished by June 2023.… Read more