News

NHAI unveils 1461-km Chennai-Surat NH corridor

The transport ministry has decided to develop the Chennai-Surat National Highway corridor under Bharatmala Pariyojana. The 1,461 km corridor will pass through Nashik, Ahmednagar, Solapur, Kalaburgi, Kurnool Read More...

Rajasthan clears Delhi-Alwar rapid corridor

The Rajasthan government has cleared the Regional Rapid Transit System (RRTS) between Haryana and Rajasthan — covering Delhi-Gurgaon-Rewari-Alwar. This comes more than four months after the Haryana approved the high Read More...

MMRDA launches track laying on Metro Line-7

Mumbai Metropolitan Region Development Authority has started laying tracks on Andheri (E) to Dahisar (E) Metro line-7. The 16.475-km long Metro line-7 will have 13 stations and is likely to be ready by mid-2020. The rails, which are Read More...

Kalpataru secures ₹975-cr construction contracts

Adding to its project portfolio in the EPC segment, Kalpataru Power Transmission (KPTL) has recently secured orders worth ₹975 crore, The work involves laying pipelines and allied infrastructures. There are two orders for design, supply Read More...

SMC injects ₹250-cr in Gujarat Metro Rail project

The Surat Municipal Corporation (SMC) will pay ₹250 crore over five years (starting 2020) to Gujarat Metro Rail Corporation (GMRC) as part of the new project financing worked out in the revised detailed project report (DPR). The Read More...

MSRDC awards ₹7,000-cr sea-link project to Rinfra

Maharashtra State Road Development Corporation (MSRDC) has awarded the ₹7,000 crore Versova-Bandra Sea Link (VBSL) project to the Reliance Infrastructure-Astaldi SpA (Italy) consortium. It will take five years to complete the Read More...

NHAI hastens ₹4,500-cr national highway projects

The construction work on the Satellite Town Ring Road (STRR) project, a newly-declared national highway 948A, is all set to start. The ₹4,500 crore project will involve six-laning of NH 948A for a stretch of 45-km in Tamil Nadu and Read More...

Railway rolls out ₹13,500-cr 100-day action plan

In a bid to cut commuting time on the Delhi-Mumbai and Delhi-Howrah rail lines, the Indian Railways rolled out its 100-day action plan to increase speeds of trains to 160 km/h on these routes by strengthening the lines. The ₹13,500 Read More...

UP pushes ₹70,000-cr infrastructure projects

The UP state government is set to launch infra projects worth ₹70,000 crore for which the MoUs were signed during the 2017 investors' summit. Of the 300 projects that are being launched in July, two are worth ₹12,000 crore. Samsung Read More...

NHAI eyes foreign funds for ₹10-lakh-cr green e-ways

The National Highways Authority of India together with the Central government has decided to generate foreign funds for construction of 22 green expressways across the country at an estimated cost of ₹10 lakh crores. NHAI Read More...

Railway plans ₹22,242-cr suburban rail network

The Railways will take over the implementation of projects worth ₹22,242 crore, which are a part of the suburban rail network across cities. The suburban project will be implemented with 20% share each by the State and the Read More...

World Bank injects $147-bn in urban infrastructure

The Union and the Jharkhand governments have signed a $147 million loan agreement with the World Bank to build basic urban infrastructure and allied services in Jharkhand by improving the management capacity of the urban local Read More...

KNR gets go ahead for ₹1,020-cr NH project in TN

KNR Constructions has announced that KNR Srirangam Infra, its wholly owned subsidiary, has received the appointed date to start construction on the highway project entailing an investment of ₹1,020 crore. The road infra builder Read More...

IL&FS gets nod to restart construction of road project

IL&FS Engineering & Construction Company has secured government's nod to restart work on one of its road projects, which was earlier up for foreclosure; the company has reached an arbitration agreement for two other projects. MoRTH Read More...

DDA unveils multi facet hubs across metro stations

As a part of its Transit Oriented Development (TOD) policy, Delhi Development Authority has decided to develop high-density commercial-cum-residential areas around the busy Delhi Metro stations. These include in areas like Mayur Vihar Read More...

GHMC plans ₹263-cr flyover in Hyderabad

In a bid to resolve traffic congestion at Botanical Garden, Kothaguda and Kondapur junction areas of the city, the Greater Hyderabad Municipal Corporation has planned to build a ₹263 crore, 3-km long flyover with entry points Read More...

Decks cleared for Bridge on Ghaggar River in Panchkula

The Punjab Government has in-principle approved construction of a bridge over Ghaggar River in sectors 26-27 and 20-21 in Panchkula on the outskirts of Chandigarh. The bridge and connecting roads fall under the jurisdiction of Haryana Read More...

Phoenix Mills readies five towers in Bangalore

Phoenix Mills, a Mumbai-based developer, has secured Occupancy Certificate for its five towers named Sora, Niwa, Mizu, Faia, and Zefa. Located at Dr. Rajkumar Road in Bengaluru, the towers have beautiful landscaped grounds and exude Read More...

Electrosteel unveils ₹5,000-cr expansion plans

Electrosteel Steels Ltd (ESL) will invest around ₹5,000 crore to double the production capacity of its Bokaro plant to nearly 3 million tons (mt) in the next two years from the current 1.5 mt. revealed Deputy Chief Executive Officer Read More...

Govt targets ₹70,000-cr rural road network

The Union government has decided to invest a massive ₹70,000 crore on rural road-building projects connecting vegetable markets to nearby villages. The project would seek to build roads spanning 125,000 km, 40 percent of which would Read More...

Parliament approves new bill for SEZ projects

The Lok Sabha has approved SEZ amendment bill that seeks to allow trusts to set up units in special economic zones. Introducing the bill, the Commerce and Industry minister said that SEZs play an important role in promoting exports Read More...

NHBs new guidelines to boost housing sector: Crisil

According to credit rating agency Crisil, the National Housing Bank’s (NHB) new and revised guidelines for housing finance companies (HFCs) will structurally strengthen the sector and increase investor confidence at a time when NBFCs are Read More...

JMC secures ₹514-cr construction contracts

JMC Projects (India) has won contracts worth ₹514 crore for residential and commercial projects including industrial. The company, a subsidiary of Kalpataru Power Transmission, undertakes projects pertaining to civil engineering, Read More...

L&T launches tunneling works for Bangalore metro

Tunnelling for the much-hyped and the longest underground Metro corridor — between Dairy Circle and Nagawara (14-km) — in Bengaluru is set to start shortly. For the tunneling works, which is a part of the Gottigere-Nagawara Read More...

Lodha and ESR to develop Industrial Park in Mumbai

Lodha Group has announced a JV with ESR India, the India platform of leading Asia Pacific logistics real estate platform, for the development of ESR-Lodha Industrial Park at Palava City, which will comprise of 17 institutional Read More...

Realtors ink JV to build country’s biggest mixed-use project

The Singapore-based GIC fund and India's realty builder DLF have joined hands to build a mixed-use project on a 23-acre land parcel in Gurugram. Named Down Town, it is located on the highway opposite DLF’s 2.5 million Read More...

Paradigm launches realty project in Mumbai

Paradigm Realty has launched a residential project in Ghatkopar East. Named Prime Vista, it is being developed under a JV with Bilakia Group along with Atmiya Properties. The 16-storey tower will comprise 107 units spread Read More...

ADB injects ₹1,650-cr infra push to Tripura

The Asian Development Bank (ADB) has approved ₹1,650 crore to develop infrastructure across seven district headquarter towns of Tripura. of which 80 percent will be grant-in-aid and the state ill have to repay 20 percent Read More...

J&K fast tracks ₹15,881-cr Srinagar Metro Project

The Jammu & Kashmir government has fast tracked construction of the ₹15,881 crore Srinagar metro rail projects informed DM Srinagar Shahid Choudhary. He said that the much hyped project will be completed in four Read More...

DMRC takes up ₹4,570.34-cr metro contract in Mumbai

The CIDCO Board has accorded in-principle approval to appoint Delhi Metro Rail Corporation (DMRC) to undertake work on the Navi Mumbai's Metro Lines 2 & 3. A letter of appointment has been sent to DMRC to prepare the Read More...

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