Latest news with #067
Time of India
14-05-2025
- Business
- Time of India
Rs18,585Cr Mobility Masterplan Set To Zoom City Into Future
1 2 Nagpur: Imagine a Nagpur where your daily commute is smoother, faster, and greener. That's the vision behind the city's ambitious Rs18,585.5 crore Comprehensive Mobility Plan (CMP), designed to revolutionise urban travel over the next several years. Drafted by MahaMetro in partnership with Rail India Technical and Economic Service (RITES), this multi-phased blueprint is nearing final review and promises a complete overhaul of Nagpur's transport landscape — from footpaths and flyovers to electric buses and mass rapid transit ambitious CMP breaks down its budget into three implementation phases. Phase 1, the most expansive, will require Rs14,067 crore. Phase 2 will follow with Rs3,637.8 crore, and Phase 3 will round off the execution with Rs880.7 crore. The core focus areas for this extensive development include Non-Motorised Transport (NMT) facility improvements, mobility management measures, public transport enhancement, freight infrastructure development, and road improvement projects.A closer look at the project reveals that the lion's share of funding is reserved for creating High Capacity Mass Rapid Transit Corridors (MRTCs). The 36.5 km long stretches of high capacity corridors are planned at a cost of Rs9,125 crore, making it the single largest investment item in the proposal. Following this is the Medium Capacity MRTC, spanning 40.5 km with a budget of Rs4,455 crore. Interestingly, electric buses stand as the third-largest expenditure, with an allocation of Rs3,493 crore, underlining a serious push towards clean, sustainable public transport. The plan also includes city forecasting till from the MRT systems and electric fleet, the plan includes a range of other major infrastructure developments. These include road widening, flyovers, underpasses, Road Over Bridges (ROBs), and upgraded bus terminals. A strong emphasis has also been placed on improving pedestrian infrastructure. About 156km of footpaths have been proposed in Phase 1 alone, with a standard minimum width of 1.8 meters and a curb height of 150 mm for pedestrian comfort and mobility also plays a key role in the CMP. An Intelligent Traffic Management System (ITMS) is proposed at 175 strategic locations across the city, backed by a budget of Rs175 crore. To tackle the city's growing parking woes, the plan proposes four new off-street parking facilities with over 1,400 Equivalent Car Spaces (ECS) and 27 on-street parking zones covering groundwork for the plan is already set through comprehensive surveys. A 650 km road network survey, speed and delay assessments, and vehicle counts at fuel stations were carried out. In addition, three bus terminals and four railway terminals were studied to assess multimodal the blueprint is elaborate and forward-looking, it is still under review. A second round of stakeholder discussions was recently held at the divisional commissionerate. Officials confirm that a final review meeting is expected soon, after which the proposal will be sent to the state govt for approved and executed as envisioned, this CMP has the potential to completely reshape how Nagpur commutes, making it one of the most modern, connected, and commuter-friendly cities in India.
Qatar Tribune
08-05-2025
- Business
- Qatar Tribune
Real estate trading volume exceeds QR1 bn in a week
DOHA: The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice from April 27 to May 1 amounted to QR1,004,647,349, while the total sales contracts for the real estate bulletin for residential units during the same period amounted to QR68,035,067. The weekly bulletin issued by the department shows that the list of properties traded for sale included vacant lands, residential homes, apartment buildings, commercial buildings, shops and residential units. The sales operations were concentrated in the municipalities of Doha, Al Wakrah, Umm Salal, Al Rayyan, Al Dhaayen, Al Khor and Al Dhakira, and Al Shamal, in addition to the areas of the Pearl, Lusail 69, Ghar Thuaileb, Umm Al Amad, and Umm Ebairiya.
Khaleej Times
26-03-2025
- Business
- Khaleej Times
UAE: Ras Al Khaimah real estate transactions surge 25,000% in 7 years
The real estate market in Ras Al Khaimah has grown significantly, with transaction volumes increasing by nearly 250 times or 25,000 per cent over the past seven years, according to the latest data from the Ras Al Khaimah Statistics Centre. The total value of real estate transactions in June 2024 reached Dh2,535,067,291, up from Dh10,113,300 in June 2017. Similarly, mortgage values rose to Dh3,475,928,534 in July 2024, compared to Dh15,836,398 in July 2017, an increase of approximately 21,849 per cent. This reflects growing investor confidence and the emirate's position as a real estate hub. The transaction increase comes as Ras Al Khaimah continues to attract investment through strategic initiatives, including the expansion of Ras Al Khaimah International Airport, significant hospitality and entertainment projects, and a growing focus on sustainable urban development. Christopher Cina, Director of Sales at Betterhomes, told Khaleej Times the surge in transactions is linked to increased development, improved connectivity, and growing demand for beachfront properties. 'The integrated gaming resort is expected to bring 4 million tourists a year to Ras Al Khaimah. Naturally, people prefer beachfront property as well,' he said. He also pointed to the rising number of completed projects and growing market confidence. 'Mortgage activity shows that lenders are taking the market seriously, and more importantly, it indicates that many developments are now complete. The numbers have gone up, and market sentiment has improved because, while there was limited development five years ago, today, there is a significant amount.' Andrei Charapenak, CEO of Major Developers, commented on the market growth: 'Ras Al Khaimah is no longer an emerging player it has established itself as an investment destination. The increase in real estate transactions and mortgage values reflects the emirate's economic development, driven by leadership, infrastructure projects, and demand for residential and commercial spaces.' He added: 'We are seeing a shift in investor sentiment, with luxury, sustainability, and lifestyle integration playing a major role in purchasing decisions. The real estate sector in Ras Al Khaimah is evolving to meet global standards, and new developments are catering to both local and international buyers.'
Arabian Business
26-03-2025
- Business
- Arabian Business
Ras Al Khaimah real estate ‘no longer an emerging player' as transactions up 25,000% since 2017
The real estate market in Ras Al Khaimah has witnessed unprecedented growth, with transaction volumes skyrocketing by nearly 25,000 per cent over the past seven years, according to the latest data from the Ras Al Khaimah Statistics Centre. The total value of real estate transactions in June 2024 reached AED2,535,067,291 ($2.535bn) an exponential leap from just AED10,113,300 ($2.8m) in June 2017. Similarly, mortgage values have soared, recording AED3,475,928,534 ($946.5m) in July 2024, compared to AED15,836,398 ($4.3m) in July 2017—an unprecedented increase of approximately 21,849 per cent. Ras Al Khaimah real estate This surge underscores the growing investor confidence and the emirate's rising prominence as a real estate powerhouse. Andrei Charapenak, CEO of Major Developers, said: 'Ras Al Khaimah is no longer an emerging player—it has cemented itself as a prime investment destination. 'The staggering increase in real estate transactions and mortgage values reflects the emirate's economic momentum, fuelled by visionary leadership, strategic infrastructure developments, and a strong appetite for premium residential and commercial spaces. 'We are seeing a paradigm shift in investor sentiment—luxury, sustainability, and lifestyle integration are driving purchasing decisions'. The surge in transactions comes at a time when Ras Al Khaimah is attracting heightened interest due to its strategic initiatives, including the expansion of Ras Al Khaimah International Airport, hospitality and entertainment investments, and a strong push toward sustainable urban development.
