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Reza Kabul Founder and Principal Architect at ARK Reza Kabul Architects

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    Reza Kabul Centralise Planning The Key to Unlocking Mumbai’s Land Potential

    The issue in Mumbai is not just the scarcity of land but the fragmented ownership of available land. Various entities, such as MMRDA, MHADA, BPT, and slum rehabilitation agencies, control large parcels. This fragmented ownership makes coordinated development extremely difficult. For example, a few refineries own over 2,000 acres of and, while Bombay Port Trust controls vast waterfront areas that need greater utilisation. A centralised authority to oversee urban planning could resolve this issue”

    With these insights, Reza Kabul, Founder and Principal Architect at ARK Reza Kabul Architects, shares his perspective on Mumbai’s urban challenges in an exclusive interaction with Titto Eapen.

    Mumbai has changed significantly over the past three decades. As someone who has contributed to its transformation, how do you view the city’s evolution?

    Over the last three decades, Mumbai has undergone a profound transformation, particularly in housing and urban planning. When I began my practice in 1988, the city was already grappling with rapid urbanisation. Population growth, combined with migration, significantly increased the demand for housing. This led to a rise in Floor Space Index (FSI) utilisation and the need for vertical development. Over time, redevelopment became critical, replacing older structures with modern, more efficient buildings to optimise land use. However,
    Mumbai’s evolution has not been without its challenges. The city’s geographical limitation as a cluster of seven islands has made land scarce, forcing us to build vertically. However, the supporting infrastructure hasn’t kept pace with this vertical growth. Outdated policies, high premiums, and fragmented land ownership have also constrained redevelopment efforts. Today, the focus is shifting towards mixeduse developments integrating residential, commercial, and recreational spaces. These projects aim to reduce travel, lower fossil fuel consumption, and create more self-sufficient communities. With new infrastructure like the coastal road and metro lines underway, Mumbai is on the path to becoming a more connected and efficient metropolis.

    Mumbai has yet to develop vital IT hubs like Bengaluru and Hyderabad. Did it miss an opportunity in business infrastructure?

    Mumbai’s lack of large IT parks and commercial hubs is primarily due to its high land costs. IT developments require expansive plots with flexible layouts, but such land is scarce in the city, making it financially unviable for many IT companies to establish large campuses. As a result, businesses often move to cities like Pune, Bengaluru, and Hyderabad, where land is more affordable and policies are more conducive. Another major challenge is the rigid approval system and high premiums faced by developers in Mumbai. Around 30-40 percent of project costs are attributed to government taxes and premiums, which ultimately get passed on to the consumer, creating a barrier for businesses looking to set up large-scale operations. To remain competitive, Mumbai must address these issues by reducing premiums, streamlining approvals, and incentivizing commercial developments. Without these changes, the city risks losing its status as a business hub to more affordable and business-friendly cities.

     

    How can Mumbai justify land scarcity when 75 percent of its land remains underutilised, including 10,000 acres held by a handful of entities like Indian Oil, MMRDA, RCF, BARC, and Bombay Port Trust?

    As you mentioned, the issue in Mumbai is not just the scarcity of land but the fragmented ownership of available land. Various entities, such as MMRDA, MHADA, and slum rehabilitation agencies, control large parcels. This fragmented ownership makes coordinated development extremely difficult. For example, a few refineries own over 2,000 acres of land, while Bombay Port Trust controls vast waterfront areas that need greater utilization. A centralized authority to oversee urban planning could resolve this issue. Developers face delays and inefficiencies due to overlapping jurisdictions and a lack of coordination among these agencies. By streamlining these processes under one governing body, Mumbai could unlock its development potential and address the housing and infrastructure deficits.

    Despite government efforts, challenges like slum redevelopment persist. Why hasn’t there been significant progress?

    One of the primary reasons for the lack of progress in slum redevelopment is the inconsistency in policies. With every change in government, new rules are introduced, disrupting ongoing projects and creating uncertainty for developers and residents. This lack of stability discourages long-term planning and investment. Political factors also play a role. Slums are often seen as vote banks, and policies sometimes unintentionally incentivize their growth by offering excessive benefits to slum dwellers. For redevelopment to succeed, there needs to be a unified, long-term approach that focuses on sustainable solutions rather than short-term political gains. The government must also create a transparent framework encouraging private developers to participate in slum rehabilitation projects. This includes streamlining approvals, offering financial incentives, and ensuring that projects are executed fairly. We can address this complex issue through a collective effort involving all stakeholders.

    Millennials and Gen Z seem hesitant about investing in real estate. How do you view their aspirations, and how are you addressing them?

    Millennials, often called the “renting generation,” prioritize flexibility and experiences over long-term commitments. They prefer renting homes as it aligns with their lifestyle of mobility and short-term decision-making. Homeownership becomes a priority for most of them only after they achieve financial stability, typically in their late 30s or 40s. To cater to this demographic, the real estate industry needs to innovate. Flexible ownership models, such as rent-to-own schemes or co-living spaces, could appeal to younger buyers. Projects incorporating modern amenities and tech-enabled features can also attract Millennials and Gen Z by aligning with their aspirations.

    Is sustainable architecture practically achievable, given the increasing urbanization?

    Sustainability is no longer a choice but a necessity. While building at scale presents challenges, innovation in materials and technology makes sustainable architecture more achievable. For instance, vertical development helps conserve farmland and reduces urban sprawl, while renewable energy solutions can offset the environmental impact of large projects. City planning must prioritize eco-friendly practices, such as integrating mass transit systems and using energy-efficient construction materials. While transitioning to sustainable architecture requires upfront investment, the long-term benefits outweigh the costs.

    Can Mumbai’s infrastructure handle the pressure of vertical growth?

    Mumbai’s infrastructure is currently struggling to support its vertical expansion. Overcrowded trains and congested roads highlight the urgent need for efficient mass transit systems, such as fast railways and electric buses. Without these systems, the city cannot sustain its growth. Cities like Gujarat have shown that prioritizing infrastructure before development leads to more balanced urban growth. Mumbai must adopt a similar approach, ensuring that new projects are supported by robust infrastructure.

    What changes do you foresee in Mumbai’s skyline by 2030?

    By 2030, Mumbai’s skyline will become more decentralized as luxury housing and commercial developments expand into suburbs like Borivali, Malad, and Thane. Infrastructure projects like the coastal road and metro lines will make these areas more accessible, reducing the dependency on South Mumbai as the primary hub. Mixed-use developments will gain prominence, creating self-sustaining communities where residents can live, work, and socialize within a compact area. This shift will reduce commute times and promote a more sustainable urban lifestyle.

    What is your vision for Mumbai’s future?

    Mumbai has the potential to rival global cities like Dubai, but its growth must be sustainable and inclusive. While technological advancements enable us to build taller and more efficient structures, we must prioritize environmental conservation and equitable urban planning. With the right policies, infrastructure, and collective effort, Mumbai can achieve its vision of becoming a world-class metropolis.

     

    Adani Green Withdraws from Controversial $442 Million Renewable Energy Project in Sri Lanka

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      Adani Green Withdraws from Controversial $442 Million Renewable Energy Project in Sri Lanka
      Adani Green Withdraws from Controversial $442 Million Renewable Energy Project in Sri Lanka

      Adani Green Withdraws from Controversial $442 Million Renewable Energy Project in Sri Lanka

      Adani Green has announced its withdrawal from a $442-million renewable energy project in northern Sri Lanka. The wind farm project, which had been mired in controversy and legal disputes, has faced strong opposition from local communities and environmental activists.

      The project, which planned to establish 484 MW of wind capacity in Mannar and Pooneryn, had been approved under the government of former President Gotabaya Rajapaksa in 2022. However, it quickly became the centre of intense controversy. The approval of the project bypassed a competitive bidding process, which led to accusations of lack of transparency and corruption. It also sparked fears among residents in the region, with many raising concerns about the environmental risks, particularly regarding the potential damage to a key aviation corridor.

      Adding to the project’s complexities, it faced legal challenges from local residents and environmental groups. The Supreme Court of Sri Lanka also saw petitions filed against the development, with activists warning that the wind farms would cause significant harm to the environment and local livelihoods. Despite the protests, the previous government under Prime Minister Ranil Wickremesinghe moved forward with the project. However, the political landscape in Sri Lanka changed with the election of President Anura Kumara Dissanayake in 2024. During his campaign, Dissanayake had strongly opposed the project, labelling it a “corrupt deal” and pledging to cancel it once in power. Upon assuming office, his administration revoked the power purchasing agreement (PPA) that had been signed in 2024, which had originally set the purchase price for electricity at $0.0826 per kWh. The new government sought to renegotiate the deal and push for a lower tariff.

      In a formal letter to Sri Lanka’s Board of Investment on February 12, Adani Green announced its decision to “respectfully withdraw” from the project following the government’s decision to renegotiate the terms. The company acknowledged Sri Lanka’s sovereign rights and choices while stating that the lengthy discussions with the Ceylon Electricity Board had been a significant factor in its decision. Adani Green also cited the uncertainty surrounding the future of the project as a reason for pulling out, especially as the investment, which included transmission networks, was expected to approach $1 billion. The withdrawal of Adani Green marks a significant retreat for the company from its ambitious push to expand its footprint in neighbouring countries. This exit is seen as a political victory for President Dissanayake, who had vowed to cancel the project during his campaign. His government’s decision to renegotiate the deal has, however, underscored the broader challenges faced by foreign investors in Sri Lanka, where political changes and local opposition can quickly alter the landscape for major infrastructure projects.

      For Sri Lanka, the withdrawal represents another setback in its push to develop renewable energy resources, which are essential for meeting the country’s energy needs and reducing reliance on fossil fuels. Despite the challenges, the Dissanayake government has expressed its willingness to renegotiate such agreements and ensure that new projects meet both economic and environmental standards. As Adani Green exits the Sri Lankan market, the future of the wind farm project remains uncertain. However, the political and legal obstacles that led to the company’s withdrawal highlight the complexities of large-scale energy investments in Sri Lanka, especially when local communities, environmental concerns, and shifting political landscapes come into play.

      Boman Irani Redefining Real Estate with Sustainability & Inclusivity

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        BOMAN IRANI, President of CREDAI and Chairman & MD of Rustomjee, in an exclusive interview with ADITI THAKUR, reflects on his illustrious journey in the real estate sector. From championing sustainable practices and addressing climate change to fostering inclusivity in the workforce, Irani shares his insights on navigating market shifts, regulatory reforms, and customer aspirations while shaping the future of Indian real estate.

        Can you share the legacy of the Rustomjee Group and how it has evolved over the years?

        There’s an old saying, “When life throws you a lemon, make lemonade.” That’s exactly how I got into this business, quite by chance. At 19, I was tasked with selling my family property to fund our existing business. During this process, I interacted with developers, brokers, architects, and others in real estate, and I realised it was the best industry to be in, provided you follow a few fundamental principles:

        a) Be process-driven.

        b) Your integrity must be unchallengeable.

        c) Stay focused on customer needs.

        d) Build a great team that embodies these values.

        Mumbai has always fascinated me, and architecture has been my passion since childhood. I remember standing outside the VT station, mesmerised by its beauty and intricate design. These experiences and my real estate encounters led me into this field. We began with a modest project in Dahisar developing 21-25 sq mt of property into 54 apartments.

        We are living in an era of tremendous opportunity. India is at a point where paradigm shifts in development are not just possible they are happening

        With just four team members, from the chairman to the watchman, everyone pitched in. We delivered on our promises and built a reputation by exceeding customer expectations. My late mother insisted the company bear my father’s name, Rustom, as a mark of respect. Naming the company after him became a personal commitment to deliver the best, and this philosophy remains central to our operations. At Rustomjee, we prioritise customer satisfaction. Every homebuyer becomes a lifelong member of the Rustomjee family, and we strive to keep the brand top-ofmind through trust and excellence. That’s how Rustomjee has grown, step by step, to where we are today.

        How did your focus shift to the core luxury market, considering you explored markets in Virar and Thane a decade ago?

        Let me clarify, we’re not just a luxury developer we operate across all five residential price segments. From affordable housing in Virar to mid-mass projects in Thane and Borivali   (1-3 cr), aspirational housing in Andheri to Bandra (3-7 cr), and premium and uber luxury developments, we cover it all. Our approach is data-driven. We study market trends, infrastructure developments, and consumer needs to determine locations and price points. Infrastructure is a crucial indicator where infrastructure grows, prosperity follows, and we align our projects accordingly

        While our luxury projects, like Elements and Paramount, have elevated the brand’s perception, we remain committed to midmass and aspirational housing. We adapt lessons from luxury projects design, amenities, or experiences for mid-segment developments.
        This cross-learning has allowed us to serve a diverse customer base while maintaining our reputation for excellence.

        How have customer aspirations changed post-COVID, especially among Mumbai home buyers?

        COVID significantly accelerated changes in consumer behaviour. The “YOLO” (You Only Live Once) mindset became prominent, leading people to prioritise quality of life over saving exclusively for future generations. At Rustomjee, we’ve always been ahead of trends. For instance, we introduced large balconies in our projects even when the idea wasn’t mainstream. Post-COVID, we observed a surge in demand for such features and gated communities that offer open spaces, amenities, and flexibility.

        HNIs and well-travelled residents also seek international standards of living. Our partnership with Keppel Land, a government-backed Singaporean company, reflects this. We’ve elevated Thane’s residential offerings with projects like Word & Pistas. We also focus on lifestyle-enhancing amenities, from business centres and spas to distinct children’s zones. Our approach is data-driven, we collect feedback from completed projects to refine future developments. Every Rustomjee project is designed to cater to evolving customer needs, making each home a holistic experience.

        “Real estate is evolving, and women will lead companies in future. Their empathy and understanding of homebuyers’ need gives them a unique perspective”

        How have structural reforms like GST and RERA impacted the real estate sector in the last 10 years? How has it given a level of players for a few, and how harsh has it been on others?

        Through CREDAI, the largest real estate developer body in India with over 14,000 members, we have consistently educated our members about the importance of regulator changes. While reforms like GST and RERA may initially seem harsh, they bring long-term benefits. GST, for instance, brought all developers into the formal economy. It created a level playing field by ensuring transactions occurred within a structured framework, aligning developers and suppliers with compliance requirements. However, there’s room for improvement. We’ve recommended that developers be free to choose between the assessment mode (12 percent GST with input tax credits) and the 5 percent composite scheme at the project’s outset. This flexibility would be revenue-neutral for the government but greatly benefit developers.

        RERA, on the other hand, has been transformative. It introduced transparency and accountability, giving buyers confidence to invest in real estate. Like a stock market regulator reassures investors, RERA has brought trust to real estate transactions. The industry has embraced this change wholeheartedly, leading to significant growth across all segments. Combined with the government’s vision, these reforms will lead to sustained growth that benefits consumers, developers, and the economy.

        Could more significant consultation and a phased implementation by the government have mitigated the initial disruptions caused by structural reforms such as GST, RERA, and demonetisation?

        One critical challenge with structural reforms is their abrupt implementation. Sudden changes, such as announcing a reform overnight, can disrupt the ecosystem. Transition periods are crucial. Even breaking or developing habits requires time. Take demonetisation,
        for example. While a three-month transition period was provided, it could have been implemented more thoughtfully. The process might have been smoother if the 2000 note had been phased out gradually over 15 days instead of becoming invalid overnight.

        That said, structural reforms are essential, reflecting the larger vision of our Prime Minister’s goal of Viksit Bharat by 2047. As a real estate sector, we play a pivotal role in this vision. We drive GDP growth, work with over 250 allied industries, generate significant
        employment, and contribute taxes to enrich both state and country. The adage “first you build your home, and then your home builds you” captures real estate’s profound impact. Homes shape lifestyles, communities, and prosperity. While regulatory changes are vital, introducing them with transition mechanisms will ease implementation and benefit all
        stakeholders.

        Could you share your thoughts on achieving a carbon-neutral future in real estate? How are Rustomjee, as a brand, and CREDAI, the nation’s nodal agency for real estate, addressing climate change?

        At Rustomjee, we understood early on that sustainability is no longer optional but essential. Nearly two years ago, we committed to making our developments net carbonzero, taking proactive steps before legislation mandates such practices. One of our landmark projects, Kasara, is a testament to this vision. It has been designed with net carbon-zero principles, focusing on reducing environmental impact while creating a development aligned with global sustainability goals.

        Achieving carbon neutrality involves rethinking how we build. It’s about using less resource-intensive materials, adopting renewable energy, and integrating green technologies into every construction and operation phase. This includes solar energy installations, rainwater harvesting systems, waste recycling mechanisms, and energy-efficient designs that reduce the carbon footprint of our developments.

        At CREDAI, we are championing these practices across the real estate sector. We’re equipping developers with the knowledge and tools to embrace sustainable practices through collaborations with leading institutions like IIM Bangalore, IGBC, and GRIHA. This involves educating developers on energy-efficient building techniques, sustainable materials, and best practices for reducing emissions.

        India has set an ambitious target of achieving net carbon neutrality by 2070. However, at CREDAI, we’ve raised the bar. Our former president, Harshavardhan Ji, proposed achieving this by 2050. We can do even better, our goal should be 2047, the centenary of India’s
        independence. Achieving this would align with the national vision of Viksit Bharat and place Indian real estate at the forefront of global sustainability efforts. This isn’t just about compliance; it’s about responsibility. As developers, we must recognise that our actions
        directly impact the planet. We can’t continue taking from the earth without giving back. Sustainability has to become an intrinsic part of our mindset, guiding every decision. We are living in an era of tremendous opportunity. India is at a point where paradigm shifts in development are not just possible, they are happening. If we, as an industry, commit ourselves to sustainable and carbon-neutral practices, we can drive a change that benefits not only our businesses but also future generations. The time to act is now, and I am optimistic that together, we can create a greener, more sustainable future for real estate and the nation.

        How is Rustomjee encouraging women’s participation in the workforce, particularly in leadership roles?

        Good. You asked this question since I’m particularly passionate about it. Women have been given a secondary status in many industries for too long. At Rustomjee, we’re committed to changing that narrative. We actively promote women engineers on our sites and encourage them to take on leadership roles. Beyond gender inclusivity, we also work with differently abled individuals, providing opportunities for self-reliance and growth. Inspired by the Tata Group, we focus on equal opportunities across all levels. Talent and capability, not gender or physical ability, are the only criteria for selection. This approach delivers better results and fosters a sense of purpose and fairness within the organisation. Real estate is evolving, and women will lead companies in future. Their empathy and understanding of homebuyers’ need gives them a unique perspective. I’m optimistic about this future and committed to supporting initiatives that drive inclusivity and diversity in the workforce.

         

         

        Asukiqa’s Infrastructure Gains with New Developments

        Asukiqa's Infrastructure Gains with New Developments
        Asukiqa's Infrastructure Gains with New Developments

        Asukiqa’s Infrastructure Gains with New Developments

        On February 14, significant strides were made in the development of Pughoboto’s Asukiqa area with the inauguration of two newly constructed cement concrete roads and a multipurpose building. These projects, funded through the MLA Local Area Development Fund (LADF) for 2024-25, aim to improve connectivity and bolster public infrastructure.

        The event, which was attended by several distinguished officials, including MLA Dr Sukhato A Sema, marks a pivotal moment for the region. The newly inaugurated roads—located in Tsaphimi and Ghokimi villages—are set to enhance accessibility and ease transportation across this key area. As Dr Sema remarked during the event, the long-term sustainability of these infrastructure projects depends heavily on their maintenance and responsible usage by the public. He urged the local community to take collective responsibility for preserving these assets, which will ultimately benefit future generations. he inauguration also saw the opening of a multipurpose building funded under the Special Assistance to States for Capital Investment (SASCI) Scheme.

        This facility, supported by the Youth Resource & Sports Department, is expected to serve as a hub for various community activities, further fostering growth and collaboration among residents. In his address, Dr Sema underscored the importance of education and healthcare facilities in the area. He highlighted the essential role government schools and primary healthcare centres play in community development and called on parents and stakeholders to engage actively in nurturing a productive learning environment. Dr Sema stressed that quality education remains a cornerstone of progress for Asukiqa, urging the public to make full use of the available educational resources. The inauguration ceremony was attended by prominent figures including ADC Pughoboto, Executive Engineer PWD Pughoboto, representatives from the Asukiqa area Joint Council and Peoples Forum, along with local church leaders and members of various civil society organizations.

        Nitish Kumar Inaugurates Key Development Projects in Buxar During Pragati Yatra

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          Nitish Kumar Inaugurates Key Development Projects in Buxar During Pragati Yatra
          Nitish Kumar Inaugurates Key Development Projects in Buxar During Pragati Yatra

          Nitish Kumar Inaugurates Key Development Projects in Buxar During Pragati Yatra

          Pragati Yatra, Bihar Chief Minister Nitish Kumar inaugurated and laid the foundation stones for several key development projects worth crores. This visit was seen as an essential step towards accelerating growth and improving infrastructure in the district.

          Among the significant projects unveiled, the long-pending multi-village water supply scheme in Keshopur stood out. This project had been stalled for a staggering 15 years, but with the Chief Minister’s intervention, it is now set to provide much-needed access to clean water for local residents. Alongside this, Kumar remotely inaugurated the Nikrish Pump Canal in Chausa block, a crucial development aimed at improving irrigation in the region. Another major project launched was the construction of a railway overbridge near Raghunathpur railway station, which is expected to enhance transportation and ease traffic congestion in the area. The Chief Minister also took time to inaugurate a light and sound show building at Buxar’s iconic Ramrekhaghat, a move that is expected to promote tourism in the region.

          Kumar further laid the foundation stone for the Vishwamitra Tourist Hotel at Buxar Golambar, a project by the Tourism Department aimed at boosting tourism and providing better accommodation facilities for visitors to the area. These initiatives, alongside various infrastructure projects, are poised to have a long-lasting positive impact on Buxar’s economy. After the inauguration of these projects, the Chief Minister proceeded to the Buxar Collectorate, where he held a review meeting with senior officials. The discussions focused on the progress of ongoing development works and local issues that require immediate attention. This engagement underscores Kumar’s commitment to hands-on governance and his focus on delivering tangible results for the people of Bihar.

          Tight security measures were put in place ahead of his visit, with the District Magistrate and Superintendent of Police conducting a joint meeting with police officers and magistrates to ensure the safety and smooth conduct of the event. This careful planning reflected the significance of the visit and the anticipation surrounding the inauguration of these projects. As part of his Pragati Yatra, which sees him touring districts across Bihar, Kumar has been reviewing government schemes, inaugurating projects, and addressing local concerns. His visit to Buxar is expected to accelerate development initiatives and bring about substantial benefits for local residents. The Chief Minister’s efforts to push for development in smaller towns and districts have been well-received by local populations, as they witness long-awaited projects finally being brought to fruition. These efforts align with his broader vision of transforming Bihar into a more prosperous and modern state.

          On the same day of his visit to Buxar, Nitish Kumar inaugurated over 230 development projects across Arwal and Jehanabad districts, worth ₹352 crore. These included a variety of public facilities such as government colleges, health and wellness centres, sports complexes, and infrastructural developments aimed at improving the quality of life for Bihar’s citizens. In Arwal, Kumar launched 114 projects, including a new sluice gate in Mahavirganj village and a renovated Surya Mandir, among other facilities. In Jehanabad, 116 projects were inaugurated, including a senior secondary school in Kazisarai Village and a government OBC residential girls’ school. This wave of development activity is set to enhance Bihar’s infrastructure, promote tourism, and improve the overall living standards of its residents, with the Pragati Yatra playing a pivotal role in bringing these long-awaited projects to life.

          SMT. SUJATA SAUNIK Driving Maharashtra’s Transformation

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            Hon. Chief Secretary of Maharashtra outlines the state’s ambitious vision for integrated development, connectivity, and economic opportunities to meet future urban challenges.

            In an exclusive interview with Ronita D’souza for H&B Media Network, Smt. Sujata Saunik, Hon. Chief Secretary of Maharashtra, shares her visionary approach to transforming the state into an economic and urban powerhouse. She outlines Maharashtra’s roadmap to becoming a $2 trillion economy while fostering inclusive, sustainable growth, from enhancing connectivity and infrastructure to addressing climate challenges and empowering women

            Driving Maharashtra’s Transformation

            You scripted history by becoming Maharashtra’s first female Chief Secretary after 64 years; how does that feel? And why do you think it took so long from a gender equity perspective?

            It is truly an honour and privilege to serve as the first female Chief Secretary of Maharashtra, one of the critical states of the Indian Union. This milestone represents the progress our State is making towards greater gender inclusivity. This is one of the first steps towards the journey of equity that the State has initiated, and we still have a long way ahead of us. With greater involvement of women in setting development agendas with policies promoting gender equity and greater acceptability of capable and eligible women in key leadership roles, we can slowly dismantle the barriers women face for selection in leadership posts across sectors.

            As someone of immense responsibility, how do you see your leadership influencing policy and inspiring more women to pursue leadership roles in government and public administration?

            My effort is always that my tenure sets an example of efficient and effective governance that prioritises innovation and a fresh approach to chronic problems and allows more views to be a part of the policy-making process. I hope that by my example, I can inspire more women not only in public administration but in other streams as well to aim to reach the pinnacle of their professions on merit. And that women are unafraid to explore their full potential professionally. Ultimately, leadership is not only about holding positions but being able to deliver on shared goals and pave the way for others to follow. I am committed to ensuring my legacy reflects all the above and contributes to the overall empowerment of women.

            What are the first five priority tasks on your agenda to make Maharashtra a vibrant destination for investment?

            The government is advancing Maharashtra as a prime investment destination through key initiatives that are: Lay the groundwork by ensuring safety and liveability across Maharashtra. Initiatives like expanded CCTV surveillance, Nirbhaya squads, and advanced AI tools like MARVEL will prevent crime and provide rapid response. In addition, a focus on creating green spaces and disaster-resilient infrastructure will improve the quality of life. End-to-end connectivity will transform how people and goods move across the state. MMRDA will deliver seamless integration of 14 metro lines covering 337 km. Projects like Atal Setu, Coastal Road, and the planned service between Mumbai and Navi Mumbai Airport will improve transit options. Strengthening efforts will be made to enhance existing regional development boards in Pune, Nagpur, and Nashik, and we will establish new regional development and investment boards to create opportunities across the state, preparing our cities for the projected 50 per cent urban population by 2047.

            We will also enhance Direct Benefit Transfers (DBT) to empower citizens, particularly in rural areas. More than 80 DBT schemes will focus on school education, health, and skill development. These efforts will ensure citizens receive the education and skills needed to meet future industry demands, fostering equitable growth across the state.

            Today, MSMEs contribute 30 percent to the nation’s GDP. Maharashtra will solidify its position as a hub for MSMEs and start-ups by providing soft loans, training, and capacity-building programmes to encourage entrepreneurial activity. Collaborations with foreign universities will enhance startups’ capabilities in advanced technologies. Incubation programmes, MUDRA loans, and robust industry linkages will ensure start-ups thrive. Maharashtra, already leading with 50 lakh MSME registrations, will continue to empower
            entrepreneurs, particularly women, with 20 percent of these enterprises already women-led. Finally, we are driving efforts to attract new industrial setups in Maharashtra. The upcoming Industrial Policy will prioritise providing land, skilled manpower, and streamlined processes to make Maharashtra the first choice for investors. We are developing corporate and logistics parks, such as the 500-acre semiconductor park in Taloja, which has already secured investments from RRP Electronics. These initiatives will create jobs, boost the economy, and establish Maharashtra as an industrial powerhouse. We are also planning to develop the Konkan and Marathwada region further. These plans are not aspirations; we will deliver actions to ensure Maharashtra emerges as a safe, connected, and investment-ready destination, fostering growth for all.

            The government has set a bold target to become a $2 trillion economy by 2035. Given the current economic scenario, how achievable is this goal, and what is your roadmap?

            Maharashtra’s strategy to achieve a $2 trillion economy by 2035 closely aligns with the vision of the Viksit Bharat 2047 and the Global Growth Hub Report for MMR. The state emphasises infrastructure and industrial expansion, focusing on data centres, ports, and industrial hubs as crucial drivers of national economic growth. Women-led development is another cornerstone, with initiatives in affordable housing, skill development, and entrepreneurship aimed at increasing women’s participation across sectors, including leadership roles, to foster inclusive growth. Collaborative efforts between state and Central governments are also crucial for executing large-scale projects, supported by policies promoting FDI and infrastructure development to attract investments and ensure sustained progress for Maharashtra and India.

            Economic prosperity must be aligned with sustainability. What is the Maharashtra government’s roadmap for achieving carbon neutrality, especially in a densely
            populated city like Mumbai?

            Maharashtra is working to balance economic growth with sustainability, especially in a bustling city like Mumbai. Disaster Management and Climate Action Plans, such as the Maharashtra State Action Plan on Climate Change (MSAPCC), the Mumbai Climate Action Plan (MCAP), and heat action plans for cities like Nagpur and Thane, are at the heart of this vision, shaping city planning to address challenges like heatwaves and flooding. These plans focus on building resilience through early warning systems, adaptive infrastructure, and targeted use of SDRF funds to protect vulnerable areas. Programs like AMRUT complement this by driving green projects, using solar energy, and more green spaces, while partnerships boost initiatives like electric vehicles. Most importantly, citizens are adopting small but impactful habits, creating a carbon-neutral, climate-resilient future for everyone.

            MMR is often assumed to become a $1 trillion economy independently to achieve the $2 trillion economy target. What initiatives or strategies have you planned for MMR to contribute significantly to Maharashtra’s vision?

            To achieve this, the government is focusing on seven major growth drivers, which will be shaped through the concerted efforts of various vital agencies such as MMRDA, CIDCO, MHADA, SRA, MTDC, MIDC, NMMC, MCGM, and TMC. These seven growth drivers are:

            • Global Services Hub: Establishing data centres across various locations in Maharashtra is a priority that aims to position the state as a major hub for global services and digital infrastructure.
            • Affordable Housing and Slum Redevelopment: We are committed to addressing housing shortages by planning for 3 million affordable housing units and creating women’s hostels to uplift marginalised communities and contribute to urbanisation.
            • Global Tourism and Urban Recreation Hub: Developing world-class recreational and tourism projects like the Biome in Gorai will enhance Maharashtra’s global tourism profile and attract investment in the hospitality and service sectors.
            • Port-Proximate Integrated Manufacturing and Logistics Hub: By developing warehouses, logistic and industrial parks, a new ring road, and the Vadhavan Port, we will establish Maharashtra as a critical player in the manufacturing and logistics sector and improve trade and economic linkages.
            • Planned Urbanisation: We focus on efficient town planning and regional development, utilising advanced technologies such as GIS mapping to ensure sustainable growth. Key agencies like CIDCO, MHADA, and SRA are at the forefront of driving this transformation.
            • Inclusivity and Sustainability: Maharashtra aims to become a leader in inclusivity and sustainability by focusing on equitable growth that benefits all sections of society and ensures environmental sustainability.
            • World-Class Urban Infrastructure and Transport: We are committed to upgrading urban infrastructure and transport systems to world-class standards, ensuring smooth connectivity and enhancing citizens’ quality of life. These strategic initiatives, underpinned by strong collaboration among government agencies, will ensure that MMR contributes significantly to Maharashtra’s growth. In line with this, we have also set
              up two committees, chaired by me, with directives to roll out this comprehensive plan and drive its successful implementation.

            Mumbai’s land-scarce location presents uniquechallenges in expansion and development. How do you plan to address these challenges, and what is your long-term vision for Mumbai as a global city?

            As the nation’s financial capital, Mumbai has seen increasing demand for expansion beyond the city to neighbouring districts and new cities. To manage this growth, the Maharashtra government has appointed MMRDA as the special planning authority to develop comprehensive plans for the North and South regions beyond Mumbai. In collaboration with CIDCO for Navi Mumbai, the government has identified land for key development projects, focusing on:

            Affordable Housing: Ensuring accessible homes for a growing population.

            Integrated Industrial and Logistics Parks: Promoting manufacturing, trade, and commerce.

            Liveability & Talent Attraction: Providing quality amenities to attract skilled professionals.

            Tourism & Heritage Preservation: Developing tourism infrastructure while preserving the cultural heritage.

            Disaster Management & Green Spaces: Creating resilient urban spaces with adequate environmental conservation

            An example of this planned approach is the NAINA City (Navi Mumbai Airport Influence Notified Area), which spans 226 sq. km. This city will be a model of balanced growth, maintaining the original cultural identity of the region while modernising infrastructure. My vision for Mumbai is to continue developing the city as a global city interconnected with its neighbouring areas. This expansion will help create a more distributed economy, where Mumbai no longer bears the entire economic burden but thrives alongside cities like Navi Mumbai and others. This will allow for financial resilience and provide opportunities for growth in sectors like manufacturing, logistics, services, and tourism. Soon, we aim to build a self-sustained economy in the region by fostering talent, encouraging investments in both traditional and emerging sectors and creating a thriving urban ecosystem that can compete with the world’s leading cities while retaining its cultural identity.

            Vidarbha is becoming a hotbed of extreme heat, while Mumbai risks sinking due to rising sea levels. How is the government addressing these critical climate change crises, and what action plan is in place to mitigate their effects?

            The Maharashtra government is taking a multi-faceted approach to address climate crises in Vidarbha and Mumbai. The Climate Action Plan for the region focuses on renewable energy, climate-resilient agriculture, afforestation, and water conservation measures like
            Jalyukta Shivar and rainwater harvesting. Heat Action Plans in the region emphasise public awareness, emergency responses, and health advisories. At the same time, initiatives like Saur Krushi Pump Yojana and agro-meteorological support enable farmers to adapt to heat and drought. In Mumbai, improved stormwater systems mitigate rising sea levels and urban flooding risks. Preserving mangroves, sustainable urban planning, and adherence to updated building codes strengthen the city’s resilience. The BMC and Railways coordinate,
            supported by dedicated funds, to ensure effective management during heavy rains. The BMC has also introduced the MyBMC mobile application, leveraging IT to provide quick and reliable access to information and services, enhancing citizen engagement during
            emergencies. Solar power initiatives and sub-city-level heat resilience assessments shape policies for longterm sustainability and disaster preparedness

            Looking ahead, where do you see Maharashtra in 2030 in the context of India’s $7 trillion economy dream? What key sectors or areas do you see contributing the most to this ambitious goal?

            By 2030, Maharashtra aims to play a pivotal role in realising India’s $7 trillion economy dream, leveraging its strengths across diverse sectors. Agriculture focuses on transitioning to intelligent farming practices and adding value by turning perishables into long-lasting,
            market-ready products. This boosts farmers’ income and enhances the agricultural supply chain. The state drives equitable industrial expansion across regions, fostering balanced growth and creating job opportunities. A key priority is increasing women’s workforce participation, engaging Self-Help Groups (SHGs) through cluster  development, and empowering them to contribute significantly to the economy. Additionally, Maharashtra is investing in skill development and upskilling programs to ensure a workforce ready to meet domestic industry demands and secure jobs abroad. These efforts collectively position the state as a leader in economic growth, innovation, and inclusivity by 2030.

             

             

            Topcem Cement Launches Smart Mix Technology Product

            Topcem Cement Launches Smart Mix Technology Product
            Topcem Cement Launches Smart Mix Technology Product

            Topcem Cement Launches Smart Mix Technology Product

            In a groundbreaking development for the construction industry, Topcem Cement, a prominent cement manufacturer in Northeast India, recently launched its latest innovation – Topcem SDC FTR++ – in Guwahati. The launch event, held under the leadership of Dr. Anil Kapur, Senior President of Sales & Marketing at Meghalaya Cements Ltd, showcased the company’s commitment to providing high-performance, eco-friendly cement solutions to meet the evolving demands of modern construction.

            Topcem SDC FTR++ is an advanced cement product that integrates Smart Mix Technology, a cutting-edge formulation designed to elevate energy efficiency, reduce environmental impact, and deliver exceptional strength and durability. As the construction industry increasingly turns towards sustainable practices, this innovative product addresses critical challenges, including reducing carbon emissions and improving energy consumption during construction. The new cement is not only environmentally responsible but also highly versatile. Dr. Kapur emphasized that Topcem SDC FTR++ is the ideal choice for a wide range of construction projects, including residential, commercial, and infrastructural ventures. From foundations to roofs, the cement ensures superior performance in columns, slabs, and structural elements. Its formulation provides added strength, reduces permeability, and prevents seepage, making it a trusted choice for quality concrete construction.

            With an eye towards long-term sustainability, the cement’s eco-friendly composition enhances its ability to withstand harmful external factors, including chloride and sulphate attacks, common issues in construction. The product also boasts resistance to harmful gases and ingredients, ensuring the longevity and safety of built structures. Topcem SDC FTR++ is packaged in high-quality Adstar bags, which safeguard the cement from moisture and make it easy to transport and handle on-site. This product will be available in leading outlets across Assam and Northeast India, further solidifying Topcem Cement’s position as a leader in the regional construction market. This innovative launch aligns with Topcem Cement’s broader commitment to advancing energy efficiency and environmental responsibility, as the company continues to lead the charge in offering next-generation solutions to meet the needs of today’s construction sector. With the introduction of Topcem SDC FTR++, the company is setting new standards for quality, performance, and sustainability in the cement industry.

            Mysore Road Real Estate Set for a Major Transformation

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              Mysore Road Real Estate Set for a Major Transformation
              Mysore Road Real Estate Set for a Major Transformation

              Mysore Road Real Estate Set for a Major Transformation

              Mysore Road, one of Bengaluru’s key arterial corridors, is set to undergo a dramatic transformation as part of the Greater Bengaluru Development Authority’s (GBDA) ambitious suburban expansion project. This initiative, focusing on the Ramanagara district and regions including Bidadi Hobli, Byramangala, Bannigiri, Hosur, and Harohalli Hobli, aims to address urban congestion and promote sustainable expansion. With approximately 6,023 acres earmarked for acquisition and development, the project is expected to boost residential and commercial real estate significantly. As Bengaluru’s urban sprawl extends outward, Mysore Road is rapidly emerging as a preferred investment destination, offering affordability, infrastructure upgrades, and improved connectivity to the city’s core.

              Infrastructure Growth to Boost Real Estate Market

              The large-scale development of Mysore Road is poised to reshape the real estate landscape, attracting homebuyers and investors alike. With new infrastructure projects such as expanded road networks, metro connectivity, and enhanced public transport systems, the region is becoming increasingly accessible. Developers are eyeing this expansion as an opportunity to introduce premium residential projects, commercial hubs, and mixed-use developments. Real estate experts predict a surge in property demand as young professionals and families seek well-planned urban environments with improved amenities. Moreover, the rising influx of businesses into Mysore Road is expected to drive commercial real estate growth, positioning it as a viable alternative to Bengaluru’s saturated core areas.

              Sustainability and the Future of Mysore Road

              Amid the rapid urbanisation, sustainability remains a key focus of the development. Authorities are integrating eco-friendly practices such as water conservation measures, green spaces, and sustainable housing solutions to ensure balanced growth. The project also incorporates new public parks, better waste management systems, and the preservation of water bodies, aiming to create a healthier urban ecosystem. With Bengaluru facing challenges such as traffic congestion and pollution, the emphasis on sustainable infrastructure in Mysore Road could serve as a model for future suburban expansions. However, ensuring that rapid development does not compromise environmental integrity remains a challenge, necessitating strict regulations and responsible urban planning.

              Civic Challenges and the Road Ahead

              While the project promises significant economic and social benefits, challenges such as land acquisition, relocation of existing communities, and maintaining a balance between development and heritage preservation must be addressed. Ensuring affordable housing for all income groups will be critical in preventing displacement and fostering inclusive growth. Civic authorities must also prioritise seamless urban integration to prevent the kind of haphazard development seen in other suburban expansions. As Mysore Road evolves into a major real estate hotspot, a well-coordinated approach between policymakers, developers, and environmentalists will be crucial in shaping a thriving and sustainable urban centre.

              Tier-2 Cities Witness ₹1.5 Trillion Real Estate Boom, 20% Surge in Sales

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                Tier-2 Cities Witness ₹1.5 Trillion Real Estate Boom, 20% Surge in Sales
                Tier-2 Cities Witness ₹1.5 Trillion Real Estate Boom, 20% Surge in Sales

                Tier-2 Cities Witness ₹1.5 Trillion Real Estate Boom, 20% Surge in Sales

                India’s tier-2 cities are witnessing an unprecedented boom in real estate, with property sales across the top 15 cities surging to ₹1.5 trillion over the past 12 months, marking an impressive 20% growth. This rapid expansion reflects shifting buyer preferences, increasing migration, and infrastructural upgrades transforming these cities into prime real estate destinations. Unlike tier-1 metros, where affordability has become a major concern, tier-2 cities offer relatively lower property prices, better living standards, and emerging job opportunities, making them attractive for homebuyers and investors alike. As the demand for housing intensifies, developers are accelerating new launches, further driving growth in these expanding urban centres.

                What’s Driving This Growth?

                Multiple factors contribute to this remarkable surge in real estate activity. The rapid expansion of business hubs, improved connectivity through new highways and metro projects, and the rise of IT and startup ecosystems in tier-2 cities have significantly boosted demand. Homebuyers, especially millennials and first-time purchasers, are increasingly looking at cities like Indore, Jaipur, Lucknow, Coimbatore, and Chandigarh for more spacious and affordable housing. Additionally, work-from-home trends post-pandemic have encouraged migration away from congested metros, further strengthening real estate sales in these cities. The mid-income and luxury housing segments have particularly benefited, as buyers seek larger homes with better amenities. Investor sentiment has also turned bullish, with property appreciation in tier-2 cities outperforming several tier-1 locations in percentage growth.

                Sustainability and the Future of Urban Expansion

                With this real estate boom, sustainability has become a crucial consideration. Rapid urbanisation often strains resources, leading to inadequate waste management, water shortages, and increasing pollution. However, many tier-2 cities are integrating green building practices, solar energy adoption, and rainwater harvesting into new developments. State governments are also prioritising sustainable urban planning by implementing smart city initiatives that promote eco-friendly housing, better public transport, and enhanced green spaces. The real challenge remains ensuring that the pace of development does not compromise environmental and civic sustainability. The need for robust infrastructure planning is more pressing than ever, ensuring tier-2 cities can handle the influx of new residents while maintaining a high quality of life.

                The Road Ahead: Growth with Challenges

                As tier-2 cities continue to gain prominence in India’s real estate sector, industry experts predict sustained double-digit growth in the coming years. However, challenges remain, including regulatory hurdles, land acquisition complexities, and the need for stronger civic infrastructure. Addressing these bottlenecks will be crucial to ensuring a balanced and sustainable expansion. Additionally, developers and policymakers must work towards building not just homes but well-planned urban ecosystems with robust healthcare, education, and transport facilities. With increasing demand, rising property values, and ongoing infrastructure upgrades, tier-2 cities are poised to reshape India’s real estate landscape, offering both affordability and quality living to millions of aspiring homeowners.

                Europe Real Estate Market to See 23% Investment Growth in 2025

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                  Europe Real Estate Market to See 23% Investment Growth in 2025
                  Europe Real Estate Market to See 23% Investment Growth in 2025

                  Europe Real Estate Market to See 23% Investment Growth in 2025

                  Real estate investment in Europe is poised for a significant rebound, with projections indicating a 23% surge in 2025, bringing the total investment volume to an estimated €214 billion. This resurgence is largely attributed to shifting investor sentiment, particularly following a strong close to 2024, where real estate transactions across the continent reached €53 billion in the final quarter—31% higher than the previous year. The momentum has carried forward into 2025, driven by declining interest rates, improving economic conditions, and increased allocations to real estate from global investors. Analysts note that this surge signals a strong recovery from the slowdown observed in recent years, reflecting renewed confidence in the sector’s long-term stability.

                  Spain Emerges as the Prime Investment Destination

                  Spain has overtaken traditional frontrunners to become the most attractive real estate market in Europe for 2025, as per a survey of global investors managing assets exceeding €800 billion. The United Kingdom and France follow closely, completing the top three preferred destinations for real estate capital deployment. More than 50% of surveyed investors have indicated plans to expand their real estate portfolios across Europe and the Middle East, reflecting a strategic shift towards asset-backed investments in response to global economic uncertainties. Assets valued between €20 million and €60 million remain in highest demand, with experts forecasting an uptick in transaction volumes as financing conditions improve. Additionally, the growing interest in mixed-use developments, hospitality assets, and financial district office spaces is reshaping investment strategies.

                  Sustainability Takes Centre Stage in Investment Decisions

                  With ESG (Environmental, Social, and Governance) considerations becoming a priority, investors are increasingly seeking sustainable real estate opportunities. The demand for green-certified buildings, energy-efficient infrastructure, and adaptive reuse projects is rising, with many institutional investors aligning their portfolios to meet stricter regulatory requirements. The scarcity of high-quality, energy-efficient properties has heightened competition, further increasing asset valuations. Additionally, the European market’s push towards carbon neutrality and urban regeneration initiatives has spurred interest in repurposing obsolete commercial buildings into eco-friendly mixed-use spaces. This shift not only enhances long-term asset value but also contributes to sustainable urban development, making ESG integration a crucial factor in real estate decision-making.

                  Market Dynamics and the Road Ahead

                  The trajectory of European real estate investment in 2025 will be shaped by macroeconomic factors, including geopolitical developments, global trade policies, and technological advancements. The rise in cross-border transactions and intra-European investments is expected to accelerate, particularly in sectors offering higher yields such as logistics, data centres, and rental housing. Notably, 45% of investors surveyed expressed a willingness to take on greater risk, a significant increase from the 28% recorded in the previous year. This growing risk appetite reflects a recognition of constrained new supply and heightened competition for prime assets. With rising rental yields and an increasingly dynamic office market, real estate in Europe is set to witness a period of sustained capital inflows, reinforcing its position as a resilient asset class in the evolving economic landscape.