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<ul><li><keyword id="490067" type="ENTERTAINMENT" weightage="20" keywordseo="Bullet-train">Bullet train</keyword> tracks alongside the <keyword id="3120794" type="LOCATION" weightage="20" keywordseo="Mumbai-Nagpur-Expressway">Mumbai-Nagpur expressway</keyword> proposed. </li><li>When functional it will drastically cut down travel time along the 800 km stretch. </li><li>Spanish consultant Ineco’s feasibility study gave the project a green light </li></ul>A joint venture between the <keyword id="168381" type="ORGANIZATION" weightage="20" keywordseo="ministry-of-road-transport">Ministry of Road Transport</keyword> and Highways and the <keyword id="6356031" type="UNKNOWN" weightage="20" keywordseo="Indian-Railway">Indian Railway</keyword> might soon give rise to a first of a kind coordinated transportation project. The project is a rail line along the proposed Nagpur Mumbai expressway for Bullet train and once functional, this will cut down the travel time between the two cities drastically. The ministry is already in the process of acquiring land for it and the rail lines might come up in the middle or parallel to the 800km highway. For this, bridges, tunnels and flyover constructions will also be necessary and will be done in accordance with the ground situation and the feasibility report drawn up by Spanish consultants Ineco. “Spanish consultant <a href="https://www.ineco.com/webineco/">Ineco</a> has conducted a feasibility study on constructing a high-speed rail line along the proposed Mumbai-Nagpur Expressway and the reports are positive,” a senior <keyword id="54441" type="ORGANIZATION" weightage="20" keywordseo="Railway-ministry">Railway Ministry</keyword> official told <a href="http://www.ians.in/">IANS.</a> The Mumbai-Nagpur expressway is a part of the diamond quadrilateral, and this rail project will reduce the travel time for both on road and train travellers since the elevated rail tracks and fully <a href="https://www.financialexpress.com/infrastructure/railways/bullet-train-to-come-up-along-new-mumbai-nagpur-expressway-first-of-its-kind-project-likely/1191774/">access-controlled expressway</a> will ensure an uninterrupted high-speed journey.

India’s first-of-its-kind Bullet train project might be a reality soon

Be it land, apartments or commercial realty, every investor wants to own a property on which he can get attractive returns. But, investing in <keyword id="6354553" type="COMPANY" weightage="20" keywordseo="real-estate">real estate</keyword>, especially in cities and metropolitans, is an expensive affair. 
 
In such a scenario, investing in offbeat locations, which require modest investment, could prove to be beneficial. It is the fringes of the cities that are giving attractive investment options today. 
 
The potential is being tapped by developers, who are offering better options to investors in these suburbs. If chosen wisely, these offbeat options can offer significant returns over low investments. 
 
Earlier also, we had highlighted few offbeat locations in Maharashtra and Tamil Nadu that could be a great investing option. Here are few more places that have great scope for investment. 
 
Nagpur, Saswad, Raigad- Maharashtra 
 
These three places in Maharashtra are well-connected with rest of the Maharashtra and are becoming popular among investors. Let’s start with Nagpur. 
 
Nagpur: It is the third largest city of Maharashtra and as per a recent survey, conducted by ABP News-Ipsos, Nagpur has been identified as best city in India. 
 
Nagpur is one of the emerging metropolises and has registered significant growth, making it an attractive destination for real estate developers. There are several development projects underway here. The multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) is the biggest development project, which aims to convert airport into a cargo hub with integrated road and railway connectivity. 
TCS, one of the India’s largest IT company, is building campus in the city and Infosys has also started construction of its Nagpur campus. The city has several prestigious educational institutes as well. 
 
Nagpur will soon have its own metro. Recently, the Maharashtra government signed a Memorandum of Understanding (MoU) with Cisco for making Nagpur a smart and safe city. 
 
Also, Nagpur is a few hours away from Mumbai and Pune. Besides the economic and infrastructural developments, the city also has various public attractions. Sitabuldi Fort and Seminary Hill are few of the attractive tourist locations in Nagpur. 
 
Saswad: Saswad is just 31 km away from Pune railway station and is well connected via city buses too. 
 
The area is in proximity to Jejuri MIDC and Lonand MIDC, amongst others. Saswad also has a number of educational institutes such as Saint Joseph English Medium School, Waghire High School and Waghire College. 
 
Saswad is an ideal location for tourists and is a weekend getaway. The area has many attractive tourist destinations like Jejuri, Malhargad Fort and Purandar Fort amongst others. The place is a perfect match for trekking and exploring. The area has a rich history and cultural heritage. 
 
The location will be viable for land or second home investment. The city is still developing and owing to its proximity to Pune, it has the potential for growth. You can enter with low investment and end up getting profits. The prime benefit in investing in this area is in close proximity to industrial areas, metropolitan city and tourist spots. The infrastructural development in and around the area makes it ideal for investment especially in land. 
 
Raigad: Raigad, a district in Maharashtra, is 84 km away from Mumbai and 110 km from Pune. Panvel, Alibag, Mangaon, Roha, Pen, Khopoli, Kharghar, Taloja, Khalapur, Uran, Patalganga, Rasayani, Nagothana, Poladpur, Alibag, Karjat and Mahad fall under this district. 
 
Raigad is connected to Mumbai through Sion-Panvel Expressway and is accessible via Mumbai-Pune expressway, NH-7 and NH-17. The Maharashtra government is working on a proposal to develop a private smart city at Pen in Raigad district. 
 
Raigad is close to places like Lonavala and Khandala and the presence of Adlabs Imagica, Ballaleshwar Ashtavinayaka temple in the vicinity makes it an ideal location for a getaway. 
 
The area has institutes like Dr. Babasaheb Ambedkar Technological University, which is the only technical university in Maharashtra. The location has tremendous growth potential making it a promising investment destination. 
 
Trichy, Tamil Nadu 
 
Tiruchirappalli, also known as Trichy, is on the smart city list. Located 322 km south of Chennai and 379 km north of Kanyakumari, it is the fourth largest urban agglomeration in the state. 
 
The city was ranked second cleanest city, according to recent Swachh Bharat Abhiyan survey. 
 
Trichy is a major engineering equipment manufacturing and fabrication hub. Industrial units such as Bharat Heavy Electricals Limited (BHEL), Golden Rock Railway Workshop and Ordnance Factory Tiruchirappalli (OFT) have factories here. This has lead to significant rise in employment opportunities. 
 
The city is well connected with government owned buses and auto-rickshaws. Trichy is located in close proximity to two prominent National Highways, NH 45 and NH-67. The Railway Heritage centre was inaugurated in 2014 and International airport is only five km away from the main city. The city has various reputed educational institutes like Indian Institute of Management, National Institute of Technology amongst others. Buying land or second home in the city or at the outskirts will be beneficial because of the infrastructural growth in and around the city. 
 
All in all, adding these destinations in your investment portfolio can be a wise decision. Apart from selecting the right location, it is equally important to choose a well reputed developer. It would be ideal to select a developer who has lot of projects in the outskirts and considerable knowledge to manage such investments. 
 
(Author of this article is Lansel D`souza, Senior Vice President, Expat Projects and Development Pvt. Ltd.) 
 
(Image: Thinkstock)

Investing in these offbeat locations can promise huge returns. Find out

The government is planning to award 100 highway projects on PPP next year, Union Minister <keyword id="26680" type="PERSON" weightage="100" keywordseo="Nitin-gadkari">Nitin Gadkari</keyword> said today. 

	Asking investors to change their perception about public-private-partnership (PPP), the Road Transport and Highways Minister said all problems pertaining to the mode have been addressed and this year seven projects worth Rs 11,500 crore have already been awarded in contrast to a nil last year.
 "The government will award 100 projects on PPP mode next year. Under the hybrid model, we will give you on platter projects with land acquisition and <keyword id="6356826" type="COMPANY" weightage="100" keywordseo="environment">environment</keyword> clearances. 40 per cent cost will be borne by us while 60 per cent will be funded by you. Of the 60 per cent, banks will provide 30 per cent of the requirement," Gadkari said at India PPP summit by FICCI. 

	He said investors need not worry at all and just "change their perception about PPP" as in the present hybrid model even the toll collection will be done by the government adding PPP has received good response this year.
 

	The Minister said the government was planning to float tenders for about 18 projects by December.
 

	He said 95 per cent problems pertaining to PPP projects have been addressed and of the 283 projects, 44 were terminated.
 

	About Delhi-Jaipur Highway, he said the Rs 1,700 crore project will be completed by December as 85 per cent of the long-delayed project is completed while problems related to Delhi-Haridwar and Ranchi-Jamshedpur highways were being addressed.
 

	He said highways ministry has no dearth of funds but was lacking on two fronts - shortage of contractors and capacity constraints.
 Expressing commitment to transform highways network, he said Prime Minister <keyword id="6354477" type="PERSON" weightage="100" keywordseo="Narendra-Modi">Narendra Modi</keyword> will do "bhoomi pujan" for access-controlled Rs 7,000 crore eastern highway project to decongest Delhi soon while Delhi-Meerut highway will be developed as a green expressway with 14 lanes on NH-24. 

	The national highways length would be increased to 1.5 lakh km from 1 lakh km at present as it does not match up to the 10 per cent annual growth in vehicles, he said.
 

	He added that apart from Buddha circuit, 1000 km of highways will be constructed to link 'char dhams'. Besides, one per cent of the highways construction cost will be set aside for plantation along the roads, which in turn would generate five lakh employment. He added that government also plans to build a number of expressways including Delhi-Mumbai, Mumbai-Nagpur, Delhi-Ludhiana and Bengaluru-Chennai.
 

	The Minister said both shipping and highways would contribute at least 2 per cent to the country's GDP.
 

	Also, he added that all the 12 major ports and SCI, DCI and Cochin Shipyard would post a profit of around Rs 6,000 crore this year.
 Gadkari said three new ports would be built in <keyword id="20154" type="ORGANIZATION" weightage="100" keywordseo="tamil-nadu">Tamil Nadu</keyword>, <keyword id="6357783" type="CITY" weightage="100" keywordseo="West-Bengal">West Bengal</keyword> and Maharashtra. 

	He said 1,200 roadside amenities will be built besides 5,000 driving centres across the country to check corruption. 
 

	NHAI and builders would now solve their disputes amicably instead of going to courts as the PMO also is of the view to solve them through talks, he said. 
 

	Road Transport and Highways Secretary Vijay Chhibber said the PPP mode picked up last year after going through a rough patch for three years and this year, the government will award road projects totalling 10,000 km and complete 6,500 km, he said. 
 

	Last year, the government awarded projects totalling 8,000 km and completed 4,000 km. 
 

	Of the 1 trillion investment in infrastructure as per the 12th Five Year Plan, one-tenth ($95 billion) will go to road sector and private players will contribute about 50 per cent of it, he said. 
 

	Chhibber said the government had taken a number of initiatives to address the issues including rescheduling of premium, easy exit policy, one-time fund infusion and 20 amendments in concessionaires agreements. 
 

	Also, the government is considering compensation to developers in case the delays in projects were attributable to authorities. 
 

	He also said that a Rs 6 cess on diesel and petrol was contributing Rs 50,000 crore to the sector annually. 
 

	He said the government is considering monetisation of highways and of the 6,000 km under EPC, 200-300 km will be monetised this year.

	 
	 
	(Image credits: Indiatimes)

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India’s first-of-its-kind Bullet train project might be a reality soon

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Investing in these offbeat locations can promise huge returns. Find out

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100 highway projects on PPP on its way next year: Nitin Gadkari

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