Safety concerns over the vertical lift sea bridge at Pamban could impact the real estate and tourism sectors, raising questions about the project's long-term viability. This article delves into the details and potential implications.
Pamban Vertical Lift Sea BridgeSafety ConcernsReal Estate ImpactTourism ImpactNhidclReal Estate NewsNov 30, 2024
The Pamban Vertical Lift Sea Bridge is a unique bridge in Tamil Nadu, India, that connects the mainland to Rameswaram Island. It features a lifting mechanism to allow large ships to pass through.
The main safety concerns include mechanical failures, structural integrity issues, and maintenance problems. The bridge's lifting system has malfunctioned, causing delays and safety risks.
The safety concerns are making potential investors hesitant to invest in properties near the bridge, which could slow down real estate development in the area and affect property values.
The safety concerns could deter tourists from visiting Rameswaram Island, leading to a decline in tourist arrivals and a negative impact on the local economy.
NHIDCL has formed a committee to investigate the technical glitches and recommend solutions. They have also committed to enhancing maintenance and inspection protocols to ensure the bridge's safe operation.
A 12,000 sq ft penthouse has been sold in Pune's Lodha One, Bund Garden for ₹37 crore, making it the most expensive property deal in the city.
India's real estate market is undergoing a significant transformation, marked by the rise of smart cities and AI-driven homes.
The Bollywood mother-daughter duo, Sara Ali Khan and Amrita Singh, have made a significant real estate investment by purchasing two commercial office units in Andheri West, Mumbai, for a total of Rs 22.26 crore.
The Mumbai Metropolitan Magistrate has granted permission to register an FIR against the former SEBI chief and five other officials, raising significant questions about regulatory oversight and accountability in financial markets.
Investing in senior living housing can be a wise decision, but it requires careful consideration. This article explores the key factors to evaluate before making such a significant investment.
The Trump Organization is set to make its debut in India's commercial real estate market with the Trump World Centre in Pune. The project, which features two towers, is poised to become a landmark in the city's burgeoning business district.