Maharashtra Policy to Back Iconic Buildings in Mumbai

31 Mar 2025 CW Team

Mumbai, renowned for its colonial-era architecture, will soon see the development of more distinctive buildings following the introduction of a special government policy to promote iconic structures. The move aims to enhance the city's visual identity and strengthen tourism, according to Deputy Chief Minister Eknath Shinde.

Mumbai's architectural charm has long been defined by British-era buildings. To preserve this and encourage new landmark developments, a special policy has been launched,芒鈧� Shinde informed the Maharashtra Legislative Council.

Highlighting the global significance of architectural planning and iconic landmarks, Shinde added that Mumbai, as a world-class city, deserves landmark buildings that enhance its aesthetic and tourism value.

Currently, Development Control and Promotion Regulations (DCPR) restrict certain design freedoms. The state is proposing amendments under Section 37(1) of the Maharashtra Regional and Town Planning Act to introduce special provisions for iconic constructions.

Shinde noted that the Brihanmumbai Municipal Corporation (BMC) has been instructed to implement these amendments. This will enable the creation of modern, visually significant buildings that could redefine Mumbai's skyline for generations to come.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..