Starting from April 2025, the Maharashtra State Road Development Corporation (MSRDC) will enforce the mandatory use of FASTag at all its toll plazas, marking a significant step towards streamlining toll payments and reducing traffic congestion.
FastagToll PlazasMsrdcElectronic Toll CollectionTraffic CongestionReal Estate MaharashtraMar 17, 2025
FASTag is a prepaid electronic toll collection system that uses Radio Frequency Identification (RFID) technology to automatically deduct toll fees from a linked account, allowing vehicles to pass through toll plazas without stopping.
FASTag is becoming mandatory to improve traffic flow, reduce congestion, and enhance the overall efficiency of toll payments. It aligns with the government's goals of digitization and promoting a cashless economy.
FASTag will become mandatory at MSRDC toll plazas starting from April 2025.
The benefits of using FASTag include reduced travel time, smoother traffic flow, and a more convenient and secure payment method. It also promotes a cashless economy, reducing the risk of theft and corruption.
Yes, there will be a grace period to allow users to get their FASTag devices and familiarize themselves with the system. During this period, vehicles without FASTag will be allowed to pass through toll plazas but at a higher rate.
The number of property owners in Pune receiving tax discounts for installing rainwater harvesting systems has seen a significant surge.
The Maharashtra government has signed significant Memorandums of Understanding (MoUs) worth Rs 15.70 lakh crore at the World Economic Forum (WEF) in Davos. These investments span various sectors, including petrochemicals, renewable energy, and real estate
Indian benchmark indices scaled new highs on Wednesday, with BSE Sensex rallying 620.73 points to end at 78,674.25. Here are the stocks that may remain under spotlight before the opening bell on Thursday.
The Chief Minister of Gujarat emphasized the significant role of the real estate sector in the Prime Minister's housing initiatives. CREDAI's recent change of guard ceremony marks a new era of leadership and commitment to sustainable development.
In the past 25 years, Chennai has experienced a major real estate transformation, particularly in the office space sector, as highlighted by JLL's latest report.
Jai Corp, a prominent player in the real estate and export sectors, has been facing a significant decline in its share price. Despite the growing export demand for its products, the company's real estate projects have not seen the expected traction. This