Mumbai's roads are worsening despite quick fixes, experts criticise the approach, Real Estate news and more
MumbaiRoadsPotholesInfrastructureReal EstateReal Estate NewsJul 24, 2024
Mumbai's roads are plagued by potholes and cracks, causing inconvenience to commuters and damaging vehicles.
Experts argue that the quick fixes are not a long-term solution and that a more comprehensive approach is needed to address the issue, including improving the drainage system, strengthening the road foundation, and using better construction materials.
The Brihanmumbai Municipal Corporation (BMC), the Maharashtra State Road Development Corporation (MSRDC), and the Public Works Department (PWD) are among the agencies involved in road maintenance.
The transport industry loses crores of rupees every year due to damaged vehicles and wasted fuel.
The BMC has launched several initiatives to repair and upgrade roads, including the use of advanced technologies like road sensors and drones. The Maharashtra government has also announced plans to improve the road network in the state.
PNB Housing Finance shares declined over 2% amid heavy trading volume following reports of Carlyle Group's plan to offload a 12.8% stake in the company.
Shriram Properties Ltd aims to triple revenues and double sales volume over the next three years, focusing on medium housing segments.
The company's emphasis on financial discipline will likely attract further investments and partnerships in the competitive real estate market.
In July, Bengaluru-based real estate developer Puravankara Ltd acquired a 7.26-acre land parcel in the Hebbagodi suburb of Bengaluru to develop a mixed-use project with residential and commercial spaces. The move highlights the growing interest in the are
The recent rate cut is expected to have a significant positive impact on the real estate sector by making home loans more affordable and stimulating demand for housing.
The stock markets have seen their most significant weekly gain in four years, prompting investors to adopt a 'buy on dips' strategy. Despite some setbacks, such as Omaxe's shares hitting a new 52-week low, the overall market sentiment remains positive.