News

Srei Infra-UCO Bank inks JV to fund construction equipment

A wholly-owned subsidiary of Srei Infrastructure Finance Limited (Srei) and UCO Bank, a premier public sector bank, have announced a strategic alliance to fiancé the purchase of construction and mining, farm and medical equipment Read More...

UP approves ₹286-cr for Agra Metro rail project

The Uttar Pradesh Government has allocated ₹286 crore for Agra metro rail project where 27 stations are proposed to be developed along a 29.4 km long corridor. As of now, the state government has released ₹100 crore of the Read More...

Ayodhya airport gets ₹500-cr booster

The UP government has cleared ₹500 crore for Ayodhya airport project. Also in Uttar Pradesh Budget-2019, the government had allocated ₹200 crore for the same project. The allocation for Ayodhya airport has gone up significantly as Read More...

FM commits ₹18,600-cr for suburban rail network

The Finance Minister has committed funds for the 148-km suburban rail project in Bengaluru as the Cabinet has cleared the proposal for the project entailing an investment of ₹18,600 crore. The Centre and Karnataka will share 20% each Read More...

NHAI floats tenders for ₹265-cr road projects

The National Highway Authority of India (NHAI) has floated two separate tenders for the upgradation of the Ring Road at an estimated cost of ₹139.99 crore in Karnataka. The first tender is related to developing the Ring Road between Read More...

DDA invites bids for ₹550-cr CycleWalk track in Delhi

The Delhi Development Authority (DDA) has invited bids to appoint a consultant for the first phase of the 200-km CycleWalk and walking network and is set to start construction for Phase-1, 36 km long walking tracks in South Delhi Read More...

CREDAI hosts New India Summit at Naya Raipur

CREDAI hosted the 3rd edition of New India Summit at Naya Raipur to foster development in real estate in non-metro cities and address challenges faced by realty developers and discuss solutions. It also launched the 'CREDAI Awaas' Read More...

Goa gets ₹250-cr for road widening project

Union minister of state for road transport, V K Singh has approved ₹250 crore to complete the national highway widening work and assured the state government that the ministry would sanction an additional amount if needed Read More...

PM launches infra projects worth ₹1,254-cr

PM Narendra Modi has recently laid the foundation of infrastructure projects worth ₹1,254 crore in Varanasi and for half a dozen other projects. He also inaugurated the Deendayal Hastkala Sankul or Trade Facilitation Centre and Craft Read More...

NHAI launches ₹15,000-cr road projects in AP

NHAI has undertaken 18 national highway projects in Andhra Pradesh at an investment of ₹15,000 crore, Transport minister Nitin Gadkari informed that the Central government has undertaken 38 projects for expansion and development Read More...

Karnataka plans flurry of airport projects

Buoyed by the launching of Kalaburagi and Bidar airports, the Karnatak government is now set to build four more airports in the state for which it has in-principle approvals from the civil aviation ministry. The government is also Read More...

Goldman Sachs infuses ₹610-cr in realty project in NCR

US-based banking giant Goldman Sachs has invested ₹610 crore in Vatika Group's project in Gurgaon. Managing director Gaurav Bhalla informed that ₹245 crore will be used to expedite construction in the first phase of a commercial Read More...

Kerala steers clears ₹56,443-cr high speed metro project

The state government in Kerala announced that the semi-high-speed rail project, connecting Kasargod and Thiruvananthapuram, will be completed in three years at an investment of ₹56,443 crore, Finance Minister Thomas Isaac said Read More...

MMRDA plans flurry of skyscrapers with higher FSI

Country's premier business district, the Bandra Kurla Complex in Mumbai, is all set to rise higher and is going to witness more construction dotting skyscrapers with increased FSI, said official sources, claiming that MMRDA Read More...

Decks cleared to build bridge on Yamuna flood plains

The National Green Tribunal has approved the Delhi Metro Rail Corporation (DMRC) plans to construct a bridge on the Yamuna flood plains under Phase-IV of the metro rail expansion. To ensure additional environmental safeguards Read More...

Vizag Metro rail project gets 80-km extension

The state government in Andhra Pradesh has decided to stretch the distance of the Vizag Metro Rail up to 79.91 km, in the first phase and has accordingly directed the Amaravati Metro Rail Corporation (AMRC) to appoint a consultant Read More...

Synq work launches 55,000 sq ft co-working project

Adding to its project portfolio in the realty space, Synq.work has launched 55,000 sq ft co-working space at the SAS Tower in Gurugram in the NCR region where the centre will have a capacity of about 820 seats. The rent in Read More...

State Cabinet in Bihar clears ₹1,030-cr road project

The state cabinet in Bihar has recently cleared the government proposal to build four-lane road, which would have both surface and elevated sections, connecting Mithapur in Patna with Ramgovind Singh Mahuli halt to the east Read More...

Karnataka fast tracks ₹780-cr road project

In a bid to provide hassle free transport services in the area, the state government in Karnataka has speed up the construction of Mangaluru-Athradi State Highway- 67 and a DPR of the project has been submitted by Coastal Read More...

Govt hastens deployment of ₹12,500-cr AIF fund

The government's ₹12,500 crore Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has fast tracked the disbursement of funds and the targeted task has to be completed in two years, MD and Read More...

Maharashtra orders reconstruction of old structures

In a recent development, the state housing minister Jitendra Awhad has directed the Maharashtra Housing and Area Development Authority (MHADA) to fast track the cluster redevelopment of old and dilapidated buildings in Kamathipura Read More...

Luxury housing records resounding recovery

Market surveys indicate sale of luxury realty went up in the year 2019 as over 2.3 lakh new housing units, which were launched in the top seven cities including Bengaluru, Chennai, Hyderabad, Pune, Mumbai Metropolitan Region Read More...

Goa Housing Board launches housing projects

Goa Housing Board (GHB) has launched three projects through private investment at Colvale, Davorlim and Xeldem wherein 100 flats will be developed on similar number of plots, Chairman GHB Subhash Shirodkar said, elaborating Read More...

Japanese realty investors descend India in droves

In a bid to make the most out of the opportunities in the Asia's largest economy. a large number of Japanese investors and developers are keen to increase their investments in India's real estate sector. In fact, it is the high Read More...

IRB Infra sets to win Mumbai-Pune e-way contract

IRB infrastructure Developers is all set to win the contract for operating and collecting toll for Mumbai-Pune Expressway, after it emerged as the only player in the race for the bids invited by the Maharashtra State Road Read More...

Central Park launches ₹. 1,000-cr project in Gurgaon

Adding to its project portfolio in the NCR real estate sector, Central Park, a renowned realty builder, has announced an investment of ₹1,000 crore in developing a luxury housing project in Gurugram. The company will develop Read More...

L&T wins $ 509-mn and 139-km long rail contracts

In a recent development, Etihad Rail, which is UAE's National Rail Authority) has awarded a contract worth $ 509.1 million to a consortium of Larsen & Toubro Limited (L&T) and Power China International for the formation of Package Read More...

Pennar Industries acquires Oneworks BIM Technology

The board of directors of Pennar Industries recently approved the acquisition of Oneworks BIM Technologies. Oneworks engaged in supporting clients through the technical processes of Building Information Modeling Management and Data Read More...

Kone Elevator India commissions warehouse at Andheri Marol Road, Mumbai

In line with its strategy to enhance customer experience with minimized downtime of elevators & escalators with swift deliveries of spares, Kone Elevator India has opened a warehouse at Andheri in Mumbai housing more than 2,000 different Read More...

AAI awards airport project in Arunachal Pradesh

The Airport Authority of India (AAI) has launched the ground work for construction of a greenfield airport at Hollongi area of Arunachal Pradesh. The mega aviation project has been awarded to Gujarat-based Dinesh Chandra R Agrawal Read More...

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