Category: Urban development

DMCI Homes Tops Off Fortis Residences, a New 37‑Story Luxury Condominium in Makati

The recent topping‑off ceremony for Fortis Residences marks a major addition to Makati’s skyline, introducing a 37‑storey premium condominium under DMCI Homes’ Exclusive brand. Delivered by DMCI Holdings Chairman Isidro A. Consunji, the project aims to meet high‑end…

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Indian Finance Minister Calls for Stronger Municipal Finances and Urban Bond Market

Key developments: At a World Bank‑IMF session in Bangkok, Union Finance Minister Nirmala Sitharaman urged Indian cities to tighten financial discipline, boost own‑source revenues and adopt transparent accounting so they can tap capital‑market funds. She promoted municipal bonds…

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Indian Cities Push for Massive Funding to Sustain Rapid Urban Growth

India’s urban centres are confronting a financing crunch as they expand. In Lucknow, officials outlined a need for over ₹7,600 crore to upgrade newly‑added neighbourhoods, boost water and sewerage networks, and improve street lighting and civic services. Mayor Sushma…

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Indian Cities Prioritise Financial Self‑Reliance to Fund Massive Urban Infrastructure

India’s urban centers are confronting a mounting funding gap as they expand rapidly. In Uttar Pradesh, officials highlighted that Lucknow alone needs an estimated ₹7,603 crore to develop newly incorporated areas and upgrade water, sewerage and other civic services. State…

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Saudi Arabia’s Neom Urban Plans Shift Toward Heritage‑Focused Tourism Development

Key developments: Saudi Arabia’s flagship Neom project is being recalibrated under Vision 2030, prioritising revenue‑generating luxury coastal and mountain resorts while delaying the construction of its most ambitious, capital‑intensive urban experiments. Meanwhile, heritage‑driven sites such as Diriyah and AlUla…

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