Source: NDTV December 3, 2013

New terminal building of Goa airport inaugurated

Manohar Parrikar said the state would require another airport as the existing facility has already been exhausted.

Panaji:  The new integrated terminal building at Dabolim international airport was unveiled today, expanding the capacity of the state's only airport.

Union Civil Aviation Minister Ajit Singh inaugurated the new building this afternoon, in the presence of Goa Governor B V Wanchoo and Chief Minister Manohar Parrikar.

The terminal building is an integrated facility handling both domestic and international operations.

Constructed at the cost of Rs. 345 crore, the building can handle peak hour passenger traffic of 2,750 at a time.

On the occasion, Ajit Singh said that the airport attains significance in the tourism sector as it handles 90 per cent of India's international tourism charters.

"Expansion of airport amounts to be a social connector and engine of economic growth," he said.

Source: The Times of India Mumbai June 28, 2014


Karjat, on the outskirts of Mumbai can be looked at as a future destination for homebuyers

karjat1Owning a second home in a city like Mumbai seems a distant dream because of high property prices. However, Karjat offers an opportunity to homebuyers to possess a property where they can relax with their family and relatives. The buyers can enjoy a leisure weekend at prices as low as Rs 2,700 per sq ft.

The area offers villas at a starting price of Rs 40 lakhs which includes amenities such as a swimming pool, a play ground and a gymnasium.

Such projects are available in localities like Neral, Ware Village and Kashle Kothimbe Road. The units available are of 2, 3 and 4BHK configuration with a built-up area of 2000-3000 sq ft. The price range of these housing options ranges within Rs 40-55 lakhs, depending upon the built-up area and the amenities. i “Most of the active developers in the market construct bungalows and offer amen b ities as per the individual rei quirements of the buyer,“ p says Amit Upadhyay, market d ing manager, PNJ Builders.

Source: Business Standard June 18, 2014

Phase-I of Navi Mumbai airport by Dec 2018: CIDCO

CIDCO pushes Rs 20,000 crore infra work in and around Navi Mumbai

The first phase of the proposed Rs 14,500-crore global airport at Navi Mumbai would be ready by December 2018, the City and Industrial Development Corporation (CIDCO) of Maharashtra Vice-Chairman and Managing Director Sanjay Bhatia said on Tuesday.

The body is the nodal agency for the project.

Bhatia said settlement of disputes with almost all villages for smooth land acquisition was CIDCO's priority. The agency is developing a 600-square-kilometre township for the airport, he added.

Source: Commonfloor August 1, 2013


Pune-Karjat is an attractive and preferred tourist spot located on the outskirts of Mumbai. It is situated in the Konkan coastal plains and lies on the banks of Ulhas River.

It was once a village which is now witnessing infrastructure developments, amenities and tourist facilities. The area is being developed tremendously by MMRDA (Mumbai Metro Region Mumbai Development Authority) and has been declared a Green residential zone.

Many people residing in Mumbai, Pune or Thane have their second home or farm house in this pollution free locality.

Source: itripto

About Karjat

karjat2Located near the basin of Ulhas River, Karjat is a popular weekend holiday destination from Mumbai. Scenic natural vistas, mountains, forts and ancient rock-cut cave temples make Karjat, about 68 km from Mumbai, popular with trekkers.

Karjat has an average elevation of about 636 ft. Karjat is serene and unspoilt, which makes it very popular with tourists.

Karjat has the distinction of having the largest number of farm houses. Its climate and scenic splendour make Karjat a popular weekend destination especially for people from Mumbai.

Karjat is also popular for adventure sports like trekking, waterfall climbing, rappelling and river rafting in the Ulhas River. Morbe Dam, about 10 km west, is a good place for boating and the perimeter of the dam is popular for having a leisurely picnic. Some scenes of the Oscar winning Movie, Slumdog Millionaire have been shot in Karjat.

Source: August 8, 2011

Pune Maharashtra’s biggest ever industrial park, spread over 27,000 hectares, will be set up near the Dighi port in Raigad district. Presently, the state has 55,000 hectares of land under industries.

The Dighi industrial park, for which 5,500 hectares have already been notified for acquisition, will invite all types of industries except chemical units.

Balasaheb Kolekar, regional officer of Maharashtra Industrial Development Corporation (MIDC) at Panvel, said the industrial park would fall in the Delhi Mumbai Industrial Corridor (DMIC), which is an ambitious $90 billion industry promotion project of the Union government. He, however, refused to divulge the names of companies which have shown interest in setting up plants in the industrial park, saying discussions with these firms were still on.

Source: Konkan World

South Korean steel giant POSCO plans to expand its projects in Raigad district of Maharashtra, with three more units at an investment of over INR 1,000 crore. As per report one of the three units a specialized steel mill would be set up jointly with Steel Authority of India Ltd.

In March, after two years of negotiations with MIDC, POSCO broke ground for its first facility at Vile Bhagad in Raigad where it will invest INR 4,000 crore. The continuous galvanized line plant with hot-dip facility has an annual production capacity of 450,000 tons.

Source: The Economic Times May 26, 2012

Bangalore has witnessed one of the most robust growth and higher price trajectory patterns in comparison to other cities in India. Real estate in Bangalore has been signified with robust growth, steadiness in prices and a positive purchasing pattern from customers who intend to purchase plots, flats and villas in and around Bangalore.

Across the world, the phenomenon of price growth has a very unique pattern and the same pattern is seen to be followed in every city in India, including Bangalore.

Detailed studies by various real estate funds, managements and related research organisations have confirmed this pattern. This pattern, in simple terms, means, 'The real estate prices in the outskirts of the city (whichever city you are in) grow faster than in the inner city or CBD area'. The CBD stands for central business district of the city or metro concerned. The CBD area would consist largely of BBMP areas in Bangalore.

As far as Bangalore is concerned, the outskirts includes Sarjapur, Hoskote, Bidadi, and Devanahalli areas including the new international airport areas, and other areas covering Bangalore as a shell to the CBD area.

I have been in the real estate business for the last one and half decades and have known this phenomenon for the same number of years, and have been personally tracking the data in Bangalore and Kerala. All my favourite investments have been based on this principle and have always reaped rich dividends by the 'investments in outskirts strategy'. Those who have purchased flats, villas or plots in the outskirts have earned higher returns on investments, which in financial terms means 'ROI' or returns on investments.

Source: The Times of India Bengaluru July 7, 2011

BANGALORE: The Indian Institute of Management-Bangalore (IIM-B), the country's third oldest IIM, will spread its wings to Anekal.

The state government has leased 110 acres for the second campus of IIM-B at Mahanthalingapura in Anekal taluk (Jigani hobli), which will be the hub of future expansion activities of the 38-year-old B-school.

The new campus __ almost the same size as that of the existing one in South Bangalore __ will host IIM-B's proposed incubation centre aimed at encouraging entrepreneurship besides executive education programmes. Unlike IIM-Ahmedabad and IIM-Lucknow which have opened campuses in other states, IIM-B says it doesn't favour having split campuses in other Indian cities.

Source: The Hindu December 17, 2011

It's Anekal, in spite of being away from the CBD, that is climbing up the popularity charts, feels R.Y.N. Rao

With the real estate scenario in Bangalore evolving all the time, it is natural for us to hear of newer places, further away from the CBD area, climb up the popularity charts.

One such place is Anekal. Situated in the southern part of Bangalore, it is around 40 km from the city centre.

The name of the area literally translates to ‘elephant stone' and is also known as ‘Gajashella Pura,' meaning the ‘town of elephant rock.'

Anekal has two primary stretches — one which goes from Chandapura to Anekal and the other is from Bannerghatta road to Anekal.

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