L&T wins two Delhi-Meerut RRTS corridor contracts

L&T wins two Delhi-Meerut RRTS corridor contracts
L&T Construction has bagged two contracts to build the Regional Rapid Transit System (RRTS) of the Delhi-Ghaziabad-Meerut Corridor from National Capital gion Transport Corporation (NCRTC) in Uttar Pradesh, informed Senior Vice Read More...

NHAI kick starting big ticket road infra projects

NHAI kick starting big ticket road infra projects
NHAI is launching 50-60% of the big-ticket expressway and highway projects where labor force is stationed in camps at project sites. The projects include the Delhi-Mumbai Expressway, Amritsar-Jamnagar Expressway, Dwarka Expressway Read More...

Centre allows construction work on key projects in Delhi

Centre allows construction work on key projects in Delhi
Construction work on several major infrastructure projects in the capital including building a tunnel under the Pragati Maidan redevelopment plan, the Barapullah-3 elevated road near Sarai Kale Khan, the Yamuna basin near Read More...

Govt pushes pace of project awards & clearance of dues

Govt pushes pace of project awards & clearance of dues
Road transport and highways minister Nitin Gadkari has stated that highway construction is to be increased up to two-three times to kick start economic growth. Infrastructure building, including waterways, power, transport and Read More...

NHAI to start Chandigarh-Ludhiana NH project

NHAI to start Chandigarh-Ludhiana NH project
Work on the Ludhiana-Chandigarh national highway, which stopped when curfew was announced, will start shortly with proper social distancing norms. A major portion of the work in Ludhiana has already been completed, and NHAI has Read More...

Planet City in JV launches 1,000 affordable units

Planet City in JV launches 1,000 affordable units
Planet Smart City in partnership with Kolte Patil Developers has planned to build 1,000 affordable apartments over an area of 21,000 sqm in Life Republic townships in Pune and Maharashtra. Planet Smart City, a global leader in Read More...

S. Pallonji starts construction of tallest towers in Bengal

S. Pallonji starts construction of tallest towers in Bengal
Construction of the tallest tower on the suburbs of Howrah city in West Bengal is set to start soon following the to the realty project from both the Centre and state agencies. The Shapoorji Pallonji Group, which is developing Joyville Read More...

Decks cleared for ₹1,046-cr realty projects in NCR

Decks cleared for ₹1,046-cr realty projects in NCR
Supreme Court constituted Committee has allowed NBCC to start work on Leisure Park Phase one and two, Leisure Park- River View and Kingswood in Smart City, comprising 4489 units with a valuation of ₹1,046 crore. Last month, NBCC had Read More...

Govt hikes road building targets to 60-km per day

Govt hikes road building targets to 60-km per day
The government has set an ambitious target of 60 km per day highway construction; this was confirmed by Union transport minister Nitin Gadkari, while addressing members of Credai-MCHI through a video conference. To achieve the Read More...

AAI starts work on Chennai airport

AAI starts work on Chennai airport
The Airports Authority of India (AAI) is set to start iconstruction of a terminal building at the Chennai airport, said a senior AAI official, adding that the agency is resuming construction of integrated terminal, which was stalled Read More...

Centre sanctions ₹300-cr for flyover in Kerala

Centre sanctions ₹300-cr for flyover in Kerala
A long-pending demand to construct a flyover at the busy Kittur Chennamma Circle has been fulfilled with the Union government sanctioning ₹300 crore for the project, Parliamentary affairs, coal and mines minister Prahlad Joshi has Read More...

Karnataka offers 12,000 prime plots for realty builders

Karnataka offers 12,000 prime plots for realty builders
With the coronavirus pandemic triggering a financial crisis, cash-starved Karnataka has decided to auction 12,000 housing sites to generate funds, the state government said in a statement, elaborating that the government will auction Read More...

DMRC finalizes designs for Phase-IV metro lines

DMRC finalizes designs for Phase-IV metro lines
The Delhi Metro Rail Corporation's (DMRC's) team of architects and designers have held online-meetings with locality personnel, design experts and contractors, and have finalized the designs for development of Phase-IV of the Read More...

NHAI asks for lax norms to start road projects

NHAI asks for lax norms to start road projects
National Highways Authority of India (NHAI) has approached district administrations of various states for relaxation in lockdown norms so that they could start pending works on the on-going road and highway projects across the country Read More...

States extend real estate projects completion period

States extend real estate projects completion period
The state governments in Gujarat, Uttar Pradesh and Karnataka have provided relief to real estate developers to help them mitigate the impact of the current lockdown. The state regulators have allowed realtors to apply for a one-time Read More...

ICRA: Covid-19 to pose significant challenges to the real estate sector

ICRA: Covid-19 to pose significant challenges to the real estate sector
Retail and residential segments to bear the brunt of near-term impact whereas structural changes are likely in the long term in the office segment. Covid-19 outbreak poses significant challenges to the overall economy and the real estate Read More...

Highway contractors seek quicker credit at lower rates

Highway contractors seek quicker credit at lower rates
In a letter to Prime Minister Narendra Modi, the hard pressed road and highway infrastructure building contractors have sought instant credit at concessional rates from banks. In addition, they also want a quicker clearing Read More...

Industry asks for ₹16 lakh-cr financial package

Industry asks for ₹16 lakh-cr financial package
Various industry bodies across the country have called upon the Central government for a ₹14 lakh crore to ₹16 lakh crore to revive the economy even while supporting the PM's decision to extend the lockdown to May 3. The Federation Read More...

GMR secures Bhogapuram Airport project in AP

GMR secures Bhogapuram Airport project in AP
Bhogapuram Airports (GAL), a subsidiary of GMR Airport, has received letter of award (LoA) for the development and operations of a greenfield international airport at Bhogapuram in Andhra Pradesh from the state government Read More...

ASK Group unveils ₹1,000-cr realty fund

ASK Group unveils ₹1,000-cr realty fund
The Mumbai-based fund manager ASK Group, in a recent move, has plans to launch a ₹1,000 crore domestic property fund once the lockdown is lifted. The company feels there is good demand from first time homebuyers and developers Read More...

Road construction work resumes in four states

Road construction work resumes in four states
The local administrations of four states have granted permission to road building agencies and their contractors to start construction work in their respective states. The states included Bihar, Maharashtra, Madhya Pradesh and Read More...

Kolte-Patil in JV plans 5.4-acre realty project in Pune

Kolte-Patil in JV plans 5.4-acre realty project in Pune
The Pune-based realty developer Kolte-Patil Developers has entered into an agreement with UK-based realty developer Planet Smart City to jointly develop a 5.4 acre land parcel in Pune. In this connection, Kolte-Patil's subsidiary Read More...

BMC launches infra projects despite lockdown

BMC launches infra projects despite lockdown
BMC has started construction of bridges and other road infra leftover works including resurfacing and de-silting jobs despite the lockdown in order to complete these projects before the on-set of monsoon season to avoid accidents Read More...

BMRCL start tunneling work on 6.29-km stretch

BMRCL start tunneling work on 6.29-km stretch
Bangalore Metro Rail Corporation Limited (BMRCL) is set to start tunneling work on the new Green line extension to add 6.29 km to the existing 24.2 km stretch covering Nagasandra to Yelachenalli areas on the metro line. It has also Read More...

NHAI floats tenders for ₹3,367-cr road projects

NHAI floats tenders for ₹3,367-cr road projects
NHAI has recently floated tenders for different packages under Ahmedabad-Dholera Greenfield Alignment entailing a combined investment of ₹3,367 crore. The projects and packages include construction of a four-lane expressway Read More...

Task Force drawing ₹100 lakh-cr infra project pipeline

Task Force drawing ₹100 lakh-cr infra project pipeline
The Union Government has constituted a task force spearheaded by Secretary Department of Economic Affairs to draw up the National Infrastructure Pipeline (NIP) involving an investment of ₹100 lakh crore to be invested till Read More...

Larsen & Toubro secures ₹5,000-cr EPC contract

Larsen & Toubro secures ₹5,000-cr EPC contract
Larsen & Toubro has won an EPC contract of about ₹5,000 crore in Bihar. The mega contract, which was secured through an international competitive bidding on Lump Sum Turn Key (LSTK) basis, has been bagged from Indian Oil Corporation Read More...

Maharashtra earmarks ₹63,557-cr for infra projects

Maharashtra earmarks ₹63,557-cr for infra projects
The Maharashtra government has earmarked investments of ₹63,557 crore in addition to the ₹2 lakh crore infra projects currently under various stages of implementation in the Mumbai Metropolitan Region and in other parts of Read More...

UPMRC plans six new metro corridors in Lucknow

UPMRC plans six new metro corridors in Lucknow
The Uttar Pradesh Metro Rail Corporation Ltd (UPMRC) has decided to extend the services of metro rail in every nook and corner of the state capital. After the North-South Corridor, a DPR of the East-West Corridor has been prepared and Read More...

GHMC fast tracks ₹834-cr flyovers in Hyderabad

GHMC fast tracks ₹834-cr flyovers in Hyderabad
The Greater Hyderabad Municipal Corporation (GHMC) has expedited construction of flyovers and grade separators under the Strategic Road Development Plan (SRDP). The companies, which have taken up the construction works, have pressed Read More...

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