Category: News

  • NCRTC Gives Nod to ₹15,000 Cr. Namo Bharat RRTS Project, Linking Key NCR Cities

    NCRTC Gives Nod to ₹15,000 Cr. Namo Bharat RRTS Project, Linking Key NCR Cities

    The National Capital Region Transport Corporation (NCRTC) has completed the Detailed Project Report (DPR) for the proposed Namo Bharat Regional Rapid Transit System (RRTS) corridor that will connect Gurugram, Faridabad and Noida. The project is estimated to cost around ₹15,000 crore.

    The 61-km high-speed corridor is expected to break ground in December 2026 and could take about four and a half years to finish. According to officials, the route will include two stations each in Gurugram and Faridabad, one in Noida and one in Greater Noida.

    As planned in the DPR, the alignment will start from the IFFCO Chowk Namo Bharat station, also part of the upcoming Delhi-Bawal RRTS line. From there, the corridor will move eastwards passing through Faridabad’s Bata Chowk and Noida’s Sector 142 before concluding at Surajpur station in Greater Noida. Surajpur will serve as a crucial interchange, connecting passengers to Ghaziabad and the Noida International Airport at Jewar.

    The proposed route will begin at IFFCO Chowk, pass Millennium City Centre and Brig. Osman Chowk, then head towards Gwal Pahari. From there, it will follow the Faridabad-Gurugram Road to Badkhal Enclave, continue via Shaheed Bhagat Singh Marg to Bata Chowk, and proceed towards the BPTP bridge. The line will then move through Amolik Chowk and Amrita Hospital, follow the FNG expressway, enter Noida near Sector 168 and finally reach Surajpur in Greater Noida.

    Initially, the system will operate 10 trains, each with six coaches and a total capacity of 1,928 passengers, including 408 seats. The project will require about 75 hectares of land.

    Speaking at the HT Leadership Summit, Union Housing and Urban Affairs Minister, Mr. Manohar Lal Khattar said, “The Centre is prioritising Namo Bharat corridors connecting Delhi with Bawal and Karnal, along with the Gurugram-Faridabad-Noida route.” He added that these projects would ease traffic, improve public transport and help cut pollution in the NCR. He also noted ongoing efforts to strengthen metro connectivity between Gurugram and Dwarka. According to projections, the new corridor is expected to serve around 3.84 lakh passengers daily by 2031, rising to 8.53 lakh by 2054.

    Follow us for more information:-

  • RBI Cuts Repo Rate to 5.25%, Making Loans More Affordable

    RBI Cuts Repo Rate to 5.25%, Making Loans More Affordable

    In a move aimed at bolstering economic growth, the Reserve Bank of India (RBI) has reduced its key repo rate by 25 basis points, lowering it from 5.5% to 5.25%. The decision, announced by RBI Governor, Mr. Sanjay Malhotra today, was taken after a 3-day meeting of the Monetary Policy Committee (MPC). This rate cut is expected to make loans more affordable, particularly in sectors like housing and automobiles.

    The RBI’s decision comes amid a balancing act between rising inflationary pressures and the weakening Indian rupee. Despite the rupee hitting a new low, the central bank has opted to prioritize stimulating growth in the economy. This is the second rate cut this year, following a reduction from 6% to 5.5% in June, prompted by easing inflationary concerns.

    Inflation and Economic Growth Projections

    The RBI has revised its inflation forecast for the coming years, predicting a softer retail inflation rate of 2% for FY2025-26, down from previous estimates. For the first quarter of FY2026-27, inflation is projected at 3.9%, lower than the earlier estimate of 4.5%. The central bank has also raised its Gross Domestic Product (GDP) growth forecast for FY2025-26 to 7.3%, up from the previous projection of 6.8%, citing better-than-expected growth momentum.

    The RBI’s latest monetary policy assessment also raised its GDP growth estimate for the third quarter of FY2025-26 to 6.7%, compared to the earlier projection of 6.4%. The country’s GDP recorded an impressive 8.2% growth in the previous quarter, marking a six-quarter high.

    Other Key Measures

    Apart from the repo rate cut, the MPC has adjusted the Standing Deposit Facility (SDF) to 5% and the Marginal Standing Facility (MSF) to 5.5%. In a bid to enhance liquidity and facilitate smoother monetary transmission, the RBI will also carry out forex swaps and buy bonds worth Rs 1 lakh crore through Open Market Operations (OMO).

    Reflecting on the year, Mr. Malhotra noted that 2025 saw resilient growth and stable inflation despite global uncertainties. The RBI’s stance remains neutral as it heads into 2026, with continued focus on sustaining economic stability. 

    Follow us for more information:-

  • Namo Bharat Train to Connect Delhi-Alwar, Gurugram Set to Gain

    Namo Bharat Train to Connect Delhi-Alwar, Gurugram Set to Gain

    The plan to run the Namo Bharat train between Delhi and Alwar is moving forward, and people living in Gurugram are also expected to benefit from the project. Most station locations on the proposed corridor have been finalized, except for the one planned near Udyog Vihar.

    The NCRTC had suggested building a station at Shankar Chowk, but the HSIDC has objected. According to HSIDC, traffic at Shankar Chowk is already very heavy throughout the day, and with a Delhi Metro station also proposed nearby, building another station, whether elevated or underground, would increase congestion even more.

    To resolve this issue, the state government has formed a committee led by the Additional Chief Secretary of the Town and Country Planning Department. The committee will decide the most suitable location for the station near Shankar Chowk, and a decision is expected within ten days. Once the location is finalized, work on the ground can begin.

    The Delhi–Alwar Regional Rapid Transit System (RRTS) is being developed to reduce both population and traffic pressure in the NCR. The plan is to run the corridor along the Delhi–Jaipur Highway. The central government believes that fast and direct connectivity will encourage people to live farther from Delhi, even up to Alwar, which will help ease congestion in the capital region.

    The project will be developed in three phases by NCRTC:

    1. Phase 1: Delhi-Gurugram-SNB (Shahjahanpur-Neemrana-Behror), covering 106 km
    2. Phase 2: SNB to Sotanala
    3. Phase 3: Sotanala to Alwar

    There is also discussion that Phase 1 may be limited to Delhi–Dharuhera, as traffic pressure is highest only up to Dharuhera.

    NCRTC maintains that a station should be built where maximum commuters can easily reach, and Shankar Chowk fits that requirement. However, HSIDC argues that building a station there will worsen traffic in the coming years. They suggest that land slightly ahead of Shankar Chowk may be suitable. A final decision will be made by the committee.

    Preliminary work such as soil testing, relocation of electricity towers, and mapping of pipelines and utility lines was completed a year ago. Once the Udyog Vihar station site is approved, the central government is expected to give permission to start construction.

    The Namo Bharat trains on this corridor will run at speeds up to 160 kmph, with an average speed of 100 kmph and trains arriving every 10 minutes. To improve connectivity with the Metro, links are planned toward Hero Honda Chowk and Cyber City. The entire corridor will include 19 stations.

  • Gurgaon Gets New Pedestrian Subway at Shankar Chowk

    Gurgaon Gets New Pedestrian Subway at Shankar Chowk

    The newly built pedestrian underpass at Shankar Chowk, designed to link both sides of the Delhi-Gurgaon Expressway, was opened for a traffic trial on Thursday, 4th Nov. 2025. Developed by the DLF Foundation, the subway provides a safer crossing between Udyog Vihar and the National Media Centre, an area that previously required pedestrians and cyclists to navigate the busy expressway at ground level.

    According to officials from DLF, the underpass is expected to significantly reduce the risk of accidents, as Shankar Chowk experiences heavy traffic throughout the day. The facility aims to streamline movement for commuters who regularly travel between the two commercial hubs.

    In addition to the completed subway, DLF has submitted a proposal to the Haryana government seeking approval for another underpass from Moulsari Avenue Road to the Delhi-bound side of the highway. This project is intended to ease congestion near Shankar Chowk, one of the city’s busiest intersections.

    The developer has also proposed the construction of three more underpasses to improve connectivity between its upcoming projects- DLF Downtown and DLF Mall of India, and Moulsari Avenue Road. These planned routes would enable smoother movement of vehicles towards both Gurugram and Delhi, helping decongest surface traffic and enhance access to the new commercial and retail developments.

  • MCG Clears Rs.165 Crore Infrastructure Push for Gurgaon, Approves 26 Civic Projects

    MCG Clears Rs.165 Crore Infrastructure Push for Gurgaon, Approves 26 Civic Projects

    The Municipal Corporation of Gurugram’s (MCG) finance and contracts committee on Thursday cleared 26 development projects worth Rs.165 crore, paving the way for a major upgrade of the city’s basic infrastructure.

    Several key road and sewer projects received approval, including Rs.9.85 crore for construction work in Sushant Lok Phase-1. The committee also sanctioned funds for multiple model road projects-Rs.6.09 crore for the stretch from South City-2 Block A to Nirvana Country Road, Rs.6.15 crore for the road linking SPR Road to Bani Square, and Rs.6.32 crore for the route from Omaxe Mall to Rosewood City.

    A significant allocation of Rs.6.84 crore was made for developing a road and laying a 700 mm sewer line from Nurpur Mod to Aklimpur. Other approvals include Rs.6.6 crore for road works in Sector 5, Rs.4.05 crore for roads in Sushant Lok-3 (Blocks B and C), Rs.8.25 crore for roads in Sushant Lok-1 (Blocks A and B), and Rs.5.53 crore for a stormwater drain between Euro School and the GMCBL bus stand.

    The committee also cleared several other civic projects:
    – A 2 MLD sewage treatment plant and sewer network in Ward 17 for Rs.8.02 crore.
    – Road construction from Khedki Daula to Sihi village for Rs.4.63 crore.
    – A stormwater drain from Begampur-Khatola to Behrampur Road and NH-48 for Rs.6.58 crore.
    – A water supply network in Darbaripur for Rs.2.96 crore
    – Sewer and stormwater drain works up to Sihi CPR Road costing Rs.5.98 crore

    Proposals for Rs.9.93 crore for a gaushala in Baliawas and Rs.2.93 crore for internal roads in Sector 47 were forwarded to the corporation for further review. The committee also discussed projects worth Rs.9.42 crore and Rs.6.13 crore for road, sewer, and water supply improvements in various blocks of New Palam Vihar.

    Mayor Raj Rani Malhotra said the approved works will significantly boost Gurgaon’s infrastructure and help tackle long-standing issues related to drainage, sewerage, sanitation, and road maintenance.

    MCG commissioner- Mr. Pradeep Dahiya added that strengthening the city’s essential services is a top priority. He said all approved development projects will be closely monitored to avoid delays and ensure smooth execution.

  • Two New Footbridges Planned to Boost Safety on Golf Course Road

    Two New Footbridges Planned to Boost Safety on Golf Course Road

    Two new foot overbridges (FOBs) are in the design phase for Golf Course Road, a high-traffic corridor that has long been vulnerable to pedestrian accidents. Detailed drawings of the structures are expected to be submitted to the Gurugram Metropolitan Development Authority (GMDA) within a month.

    The project, undertaken by the DLF Foundation as part of its CSR efforts, aims to offer safer pedestrian access on the busy stretch. One of the proposed bridges is likely to come up near La Lagune, while the second is being planned in the Paras Downtown area. The La Lagune site was not part of the original plan, which had earlier marked the Times Centre as a FOB location.

    GMDA officials said they have not yet received the detailed proposals. “No drawings have been submitted so far. Once we get them, the project will proceed only after thorough technical evaluation,” an official confirmed.

    Golf Course Road has seen multiple proposals for pedestrian bridges in recent years. One of the planned FOBs, relocated from the MPD Tower area because of encroachment, was eventually constructed at Chakkarpur and opened to the public in November last year.

    Originally proposed in 2020, GMDA had planned to build five FOBs along the stretch. However, one of them, near the Vipal Belmonte complex, was dropped after residents objected to the structure. The metropolitan authority later granted in-principle approval for four locations: Bristol Chowk, Times Centre, MPD Tower, and Paras Downtown. With the MPD Tower site no longer feasible, its replacement at Chakkarpur became the first to be completed.

    The upcoming FOBs are expected to reduce jaywalking and improve overall road safety, especially at intersections that witness heavy vehicular movement throughout the day.

  • ASK Property Fund Invests Rs. 245 Cr. in Satya’s Upcoming 500-Unit Gurgaon Project

    ASK Property Fund Invests Rs. 245 Cr. in Satya’s Upcoming 500-Unit Gurgaon Project

    ASK Property Fund has made a strategic investment of Rs 245 crore in a new housing project by Satya Group along the Dwarka Expressway in Gurugram. The project will cover 4.6 acres and include approximately 500 residential units, as stated in a release on Wednesday. The total saleable area of the development is about 12 lakh square feet, with the potential to generate revenue of Rs 1,600 crore over the next five years.

    Mr. Bhavin Jain, the Chief Investment Officer of ASK Property Fund, emphasized that the investment strengthens their position in the Gurugram market, particularly in the rapidly developing Dwarka Expressway area. The project will target buyers in the mid-to upper-mid-income brackets and will be used for land acquisition and funding the project’s working capital.

    Mr. Manish Agarwal, Founder of Satya Group, expressed that the project presents an excellent opportunity for both end-users and investors in one of the most exciting real estate markets in Gurgaon. Satya Group, with over 40 years of experience, has developed more than 100 lakh square feet of commercial and residential space across Delhi NCR, Bangalore, Punjab, and Madhya Pradesh.

  • Experion Aims for Rs. 5,000 Crore Revenue in FY26 with Major Expansion Plans

    Experion Aims for Rs. 5,000 Crore Revenue in FY26 with Major Expansion Plans

    Experion Developers, the Indian arm of Singapore’s Experion Holdings Pte Ltd, is targeting a revenue of Rs. 5,000 crore for the financial year 2025-26, more than doubling its FY25 revenue of Rs. 2,200 crore, according to a senior company executive.

    The firm has recently launched projects in Gurugram’s Sector 48 and Sector 112, and is also offering a high-end luxury development, One42, located along Golf Course Road. In a notable move earlier this year, Experion acquired a 5-acre plot in Sector 151, Noida, for Rs. 450 crore, with plans to launch a project on this site within the ongoing financial year.

    “We are experiencing strong year-on-year sales growth, supported by a robust pipeline of acquisitions over the past few years. We continue to explore new opportunities in Noida and Gurugram and are focused on building a rental portfolio,” said Mr. B.K. Malagi, Vice Chairman of Experion Developers.

    As part of its ongoing development strategy, Experion has also appointed Tata Projects Ltd (TPL) as the primary contractor for The Trillion, a major residential project in Sector 48, Gurugram. With a value exceeding Rs. 800 crore, The Trillion will offer 2.5 million square feet of space across two towers, each rising to 45 floors.

    “We are excited to partner with Tata Projects, marking a significant step in our commitment to creating sustainable, world-class residential communities. With an overall investment of around Rs. 2,500 crore, The Trillion will set new standards in high-rise living,” said Mr. Malagi.

    In recent years, Experion has acquired multiple land parcels worth over Rs. 3,000 crore, primarily in Gurugram, where several new projects are in the pipeline. The developer also holds prime land in Amritsar, Goa, and Panipat, which it intends to develop in the near future.

    Experion is actively involved in the development of townships, group housing projects, commercial landmarks, retail destinations, as well as hotels and resorts in key regions across Andhra Pradesh, Delhi NCR, Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh.

  • Pataudi Road Gets a Major Upgrade as Global City Project Nears

    Pataudi Road Gets a Major Upgrade as Global City Project Nears

    Gurgaon: The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has been entrusted with a major task, upgrading Pataudi Road in preparation for the upcoming Global City project. The road, which spans a 6 km stretch connecting several residential and industrial areas, has long been a source of civic concern due to its poor condition. With open drains, overflowing wastewater, and a muddy, broken surface, the road has caused significant inconvenience for daily commuters. Additionally, the dilapidated state of the road has contributed to worsening air quality, as dust and vehicular emissions add to the pollution levels in the area.

    Despite numerous complaints, no significant repair work had been undertaken in the past few years by the Municipal Corporation of Gurgaon (MCG). Initially, HSIIDC had planned to focus on upgrading only the section of Pataudi Road near the Global City site as part of its ongoing infrastructure development efforts. However, following a recent review, the government decided that the full stretch of the road, currently under MCG’s jurisdiction, should be included in the upgrade.

    An HSIIDC official confirmed the decision, saying, “We initially planned to upgrade only the part of the road near the Global City. But now, the government has instructed us to develop a comprehensive upgrade plan for the entire stretch.”

    The project is in its early stages, with a preliminary survey already completed. The next step will be hiring a consultant to design a detailed scheme for the road’s strengthening and widening. The official explained, “We are evaluating the available right of way (ROW), which ranges from 23 to 30 meters. Based on this, we will finalize the design, which will also include improvements to the sewerage and drainage systems. In some areas, the sewer lines already exist, while in others, they will need to be installed.” The consultant will prepare an integrated plan that covers the entire stretch of the corridor.

    The cost of the project will be shared between HSIIDC and MCG. A senior MCG official also confirmed the shift in responsibility, stating, “The government has decided that HSIIDC will now manage the entire upgrade. The original plan for partial redevelopment has been expanded to include the full stretch of Pataudi Road.”

    Earlier this year, MCG had announced a ₹34 crore plan to redevelop Pataudi Road as a model corridor, but the project failed to get off the ground. With the government’s latest directive, HSIIDC will now take charge of the road’s upgradation, incorporating it into the broader infrastructure planning for the Global City project.

    Spanning nearly 1,000 acres near the Dwarka Expressway, the Global City project aims to be a world-class mixed-use urban hub, combining residential, commercial, and institutional spaces. Pataudi Road, as a key access route to the site, will play a vital role in ensuring smooth connectivity once the project is up and running.

  • M3M India to Invest ₹7,200 Crore in 150-Acre Urban Development in Gurgaon

    M3M India to Invest ₹7,200 Crore in 150-Acre Urban Development in Gurgaon

    M3M India has announced its grand vision for Gurgaon with the launch of the Gurgaon International City (GIC), a massive 150-acre integrated urban development along the Dwarka Expressway Link Road. This landmark project, which will eventually expand to nearly 200 acres, is set to receive an investment of ₹7,200 crore and aims for an estimated revenue of ₹12,000 crore. GIC marks M3M’s ambitious foray into the integrated township sector, complementing its established reputation for luxury residential and commercial spaces.

    Designed as a Live-Work-Unwind ecosystem, GIC will blend residential, commercial, industrial, and recreational zones into a self-sustained, modern urban community. The first phase of the development will cover 50 acres, featuring 300 RERA-approved plots dedicated to data centers, innovation hubs, electric vehicle (EV) hubs, retail spaces, and premium homes. Its strategic location near NH-48, the Delhi International Airport, and major expressways adds to its connectivity, while its proximity to natural attractions like the Aravalli Range, Sultanpur Bird Sanctuary, and the Adani Logistics Park ICD enhance its appeal.

    Mr. Pankaj Bansal, the Promoter of M3M India, expressed, “GIC is not just a city; it’s a forward-thinking vision for India’s urban evolution. We are crafting a world-class destination designed to foster innovation, while providing sustainable and human-centric living for residents.”

    The master plan incorporates green mobility, low-carbon infrastructure, and a Forest Living concept that integrates shaded boulevards, walking paths, and landscaped recreational zones to encourage ecological balance and well-being. GIC will house clean industries and advanced manufacturing hubs that align with India’s digital and industrial policies, contributing to the nation’s growth trajectory.

    As the development landscape of North India continues to evolve, GIC offers a modern alternative to traditional industrial zones such as MET City in Jhajjar, presenting a tech-forward, environmentally conscious model of integrated living.