News

Govt offers seven oil and gas blocks for exploration

According to an official statement, the Directorate General of Hydrocarbons (DGH) has offered seven new blocks for bidding to explore oil and natural gas on revamped exploration terms that look to expedite cut in Read More...

Sobha sharpens ₹4,500-cr real estate plans

Realty firm Sobha Developers has decided to venture into the Hyderabad and Delhi residential property market, for which it has entered into a joint development agreement with local landlords to build high Read More...

Centre clears ₹1,000-cr for Nagaland airport

Union minister for Development of North Eastern Region (DoNER), Dr. Jitendra Singh, informed that the Centre has approved a proposal of ₹1,000 crore for setting up an airport at Ciethu, which is about 50 Read More...

Govt targets 1.12-cr housing units under PMAY

The ministry of Housing and Urban Development (MoHUA) has planned to build about 1.12 crore houses under the Pradhan Mantri Awas Yojana (PMAY) by next year, which is two years before its scheduled deadline Read More...

DMICDC Logistics Data Services appoints NEC’s Ichiro Oshima as new CEO

NEC Technologies India (NECTI) announced that DMICDC Logistics Data Services Limited (DLDS), a joint venture between Government of India represented by National Industrial Corridor Development and Implementation Trust (NICDIT) and NEC Read More...

UP approves funds for ₹20,000-cr twin e-ways

The UP cabinet has approved ₹454 crore more for building two highways which will link backward regions of the state. The 296-km Bundelkhand Expressway and the 91-km Gorakhpur Link Expressway will cost ₹14,849 crore and ₹5,876 crore Read More...

DMRC floats tenders for elevated metro corridor

Delhi Metro Rail Corporation (DMRC) has floated tenders for the design and construction of the 5.5km long elevated section of the 20-km Aerocity-Tughlaqabad corridor of the Phase IV project. The stretch will have four elevated stations Read More...

M’rashtra clears ₹8,294.26-cr river linking project

The state government in Maharashtra has resolved to make Maharashtra drought-free by interlinking Wainganga and Nalganga rivers in Vidarbha and also planned to divert rain water in eastern Vidarbha to western Vidarbha. This project recently got Read More...

Decks cleared for 900-km Chardham road project

Decks have been cleared for Char Dham highway project, which will connect four holy places in Uttarakhand through a 900-km all-weather road, with the SC clearing the decks by modifying an NGT order and that the apex court has allowed various works Read More...

Arunachal pushes ₹900-cr road & highway project

Arunachal Pradesh has urged the National Highways and Infrastructure Development Corporation Limited (NHIDCL) to expedite the work on the strategic road which is being delayed for various reasons. In this connection, the state Read More...

Railway fast tracks ₹137-cr Bridge on Yamuna

Troubled by speed restrictions of 30-km/hr and stoppage of rail traffic during the floods, Northern Railway in a latest move has decided to expedite work on the New Yamuna Bridge, which is being built parallel to the old one (Loha Pul), at an investment Read More...

Ranchi metro rail project back on track

In view of the rapid expansion of the city, the state government of Jharkhand plans to build a mega metro rail project. The proposed monorail and metro project for Ranchi, which chief minister Raghubar Das had announced earlier, and was struck off Read More...

Real estate awaits quicker eco clearance norms

Environmental clearance for real estate projects is being reduced to 60 days, said the Union Environment and Forests Minister. He said that small procedural delays are being eliminated without compromising on environmental concerns Read More...

Assam pushes a flurry of bridge and road projects

In order to kick-start scores of road and bridge projects across the state, the Assam CM has urged the Union Transport Minister to launch the construction work of the bridge connecting Jorhat and Majuli for which the foundation stone has already Read More...

Experts bet on J&K real estate market

The realty market of J&K is now open for non-residents. All standard rules and regulations of the Central government will apply in J&K, however, a state RERA policy must be formed to make the procedure and rules explicitly clear, said Anuj Puri Read More...

Flexible Space Take-Up In India Reaches 4.6 Million Sq. Ft. In H1 2019

CBRE South Asia Pvt. Ltd, India's leading real estate consulting firm, announced the findings of its latest report titled 'India Flexible Space Digest – H1 2019'. According to the report, the overall flexible space take-up in India Read More...

Wienerberger India Enables Significant Savings in Water Consumption at Construction Sites with its Novel Offering Porotherm Dryfix. System

As part of its strategic focus on developing sustainable and innovative processes in building construction, Wienerberger India has come up with a simple yet innovative solution through its Porotherm Dryfix. System that can help Read More...

NHAI hastens Delhi-Jaipur road corridor

The Rajasthan government has fast tracked the process to acquire land for the northern corridor of the Ring Road connecting Jaipur-Agra NH with the Jaipur-Delhi National Highway. After identifying land in 26 villages of three tehsils Read More...

WeWork forays into commercial realty space in Pune

While foraying into Pune’s commercial realty market, US-based co-working operator WeWork has taken on lease over 1.22 lakh sq.ft of office space to launch its 24th centre in the country. The company has taken over Panchshil Realty's Read More...

200-acres of land parcels being auctioned in Hyderabad

The Hyderabad Metropolitan Development Authority (HMDA) has decided to auction 200 acres of land at Kokapet in Rajendranagar Mandal, which is expected to fetch it ₹5,000 crore. The state government is keen on auctioning the land Read More...

KEC International gets ₹845 crore order from Railway Infrastructure sector

KEC International Ltd. a global infrastructure EPC major, has secured its first orders of ₹845 crore in the emerging sectors of Regional Rapid Transit System (RRTS) and Metro in India, The first ₹580 crore order is for construction Read More...

Industry giants make beeline for J&K

Shortly after Article 370 was scrapped, both big and small firms namely Trident Group, Medanta Group, Reliance Industries, CureFit, and Policybazaar, have announced plans to invest in the Union Territory of J&K. From fitness centres Read More...

MMRDA unveils integrated transport hub in Wadala

The Mumbai Metropolitan Region Development Authority (MMRDA) has recently secured approval from Brihamni Mumbai Electricity Supply and Transport (BEST) for setting up an integrated transport hub (ITH). The project has Read More...

Delhi ranks high in luxury realty pricing

The NCR has ranked 10th globally in price movement of luxury housing properties, with rates rising by 4.4 percent annually during the second quarter of 2019, stated the Prime Global Cities Index report by property consultant Knight Read More...

Hyderabad metro unveils Airport Express

Telangana will soon get an Airport Express metro rail link from Mindspace to Shamshabad airport with the state cabinet having cleared the project and construction work set to start soon, said fficial spokesperson KT Rama Rao. He Read More...

IOC earmarks ₹25,000-cr for green energy generation

Indian Oil Corp ((IOC) plans to invest ₹25,000 crore in green energy projects, including wind and solar power plants, among others. The company has developed a road map and action plan to usher in clean and green energy generation Read More...

UP infuses ₹600-cr in airport project in Ayodhya

The Uttar Pradesh government has fast-tracked a clutch of developmental projects in Ayodhya including a Sri Ram airport project, for which ₹600 crore has been released. The state government has up till now infused ₹1,000 crore Read More...

PM rolls out ₹100 lakh-cr infra building plans

The PM has announced that ₹100 lakh crore will be spent towards infrastructure creation in the country as in the last five years his government has seen massive spending on roads, railways, water, irrigation and urban infrastructure Read More...

Softbank sharpens realty plans in Punjab

Evincing keen interest in the real estate sector of Punjab, Japan's Softbank Group will be investing in Punjab's realty sector, with a focus on student housing through Indian hotel start-up OYO, which is backed by SoftBank Group. A high Read More...

Hyderabad gets ₹10,000-cr realty investment

Hyderabad has secured about ₹10,100 crore worth of investments in its real estate sector since the beginning of 2015 till the first half of 2019 as against ₹1,800 crore from 2008 to 2014, a latest JLL study said. Focus on infrastructure Read More...

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