The Mumbai Metro

Several years after New Delhi, the country's political capital, witnessed a transformation with the implementation of the Delhi Metro, the financial capital of Mumbai is set to experience a similar phenomenon with the imminent commissioning of the Versova Andheri-Ghatkopar (VAG) corridor of the Mumbai Metro. With equity participation from Reliance Infra and Veolia (a French transportation major), this PPP initiative has all the hallmarks of a game-changer for the city's transportation and realt ..

Real Estate Share gain on Budget Plan

MUMBAI: Real estate stocks surged as much as 11 per cent after Finance Minister Arun Jaitley today announced plans to provide incentives for establishment of real estate investment trusts. Reacting positively to this, shares of DLF zoomed 10.66 per cent, while HDILBSE -3.50 % jumped 10.49, Prestige Estates ProjectsBSE -1.57 % (10.23 per cent) and Indiabulls Real EstateBSE -5.38 % (9.12 per cent) on the BSE. Oberoi RealtyBSE -3.84 % climbed 7.22 per cent, UnitechBSE -5.64 ..