BMC launches Rs. 2,000-cr twin-tower complex

twin tower complex
In a first of its kind project in the construction sector on the salt pan land in the city, the Maharashtra government has recently announced the construction office-cum-residential complex entailing an investment worth Rs 2,000-cr on the 41-acre plot (16.5 hectares) at Wadala. The site is currently known as the Suleman Read More...

Piramal infuses Rs. 425-cr in realty project

Piramal Realty Project
At a time when the whole scenario in the country's real estate sector is gathering momentum as it in the recent past witnessed a flurry of investment proposals in realty projects across the country. Close on the heels of the global investment firm, KKR announced plans to invest Rs. 145-cr in Mantri Developers in Bengaluru Read More...

Odisha awaits Rs. 4,000cr NIMZ project

Odisha NIMZ project
In yet another booster to the industrial projects in the state, the Central Government is all set to clear NIMZ project spreading across over 163 sq. km and entailed a whopping investment worth Rs. 4,000cr. On this score, the DIPP is currently waiting for an official communication from the state government. It may Read More...

Hybrid model turns out a big draw

Highway Projects on Hybrid Annuity Model
After initial hiccup, the hybrid annuity model for awarding highway contracts introduced by the government is turning out to be a big draw as it is attracting more and more infra builders and bidders in the road sector, ratings agency ICRA said in a recent report, adding that in beginning with no bids for the first project Read More...

IDFC secures Rs. 475-cr for realty projects

IDFC Fund Realty Projects
In an attempt to make the most out of the emerging business avenues in the country's real estate sector, the IDFC Alternative funds, the asset management arm of infrastructure-focused lender IDFC, has secured funds to the tune of Rs. 475-cr under its real estate focused IDFC Score Fund, said an industry insider, claiming Read More...

Altico infuses Rs. 130-cr in realty projects

The Nest Residential Project
Altico Capital, which is a Mumbai-based non-banking finance company, in a recent development has invested Rs. 130-cr in two residential projects in Mumbai and National capital whereby the financer has closed Rs. 50-cr transaction with Noida based Lotus Greens group for a residential project named 'Arena I' Read More...

KMDA speeds up Rs. 7,600cr metro projects

Kolkata Metro Project
In its quest to provide complete connectivity for habitants across the city, Kolkata Metro Development Authority (KMDA) is cruising ahead with world class metro network with a length of 50 km and entailing an investment worth Rs. 12,000cr. The projects included a 17 km long Joka-BBD Bagh line via Majerhat at a cost of Rs 2,913cr, Read More...

AP announces Rs. 18000-cr road project

Sidda Raghava Rao
In order to provide top class connectivity to its new state capital, the state government of Andhra Pradesh has planned a mega road project worth Rs. 18,000-cr from Anantapur to Rayalaseema and then to the new Capital City of Amaravati, said Transport and R&B Minister, Sidda Raghava Rao, adding that the straight Read More...

BMRC plans 102km Phase-III expansion

Bangalore Metro Rail Corporation
Adding to its existing 156km length of metro network, the Bangalore Metro Rail Corporation has decided to add 102km length to cater to the increasing numbers of commuters in the third phase of the Metro project. In this connection, the feasibility study has been carried out by the railway subsidiary RITES to connect Read More...

J&K clears Chushul-Demchok road project

Chushul Demchok Road Project
In a bid to match road infrastructure exactly to that of built by China across the LAC, Jammu and Kashmir government has recently cleared the construction of 150 km long Chushul-Demchok road project on the Line of Actual Control (LAC), connecting the state with China as this spot is the last inhabited space on the LAC, Read More...

M’rashtra steers clears Pune metro project

Pune metro project
The state government in Maharashtra has recently cleared the proposed Pune Metro Rail project and the proposal is being sent to the Center for final clearance after which tenders will be floated and work on the mega project will be placed on fast track, said the state Chief Minister Read More...

Dholera SIR readies plan for anchor investors

Dholera SIR
The Special Investment Region of the Delhi-Mumbai Industrial Corridor (DMIC) is all set to allot land to anchor investors very shortly, official sources said. Explaining that monthly meetings to assess the status of the various trunk infrastructure projects in the 22.5 sq km activation area in Dholera were held recently Read More...

NMC unveils Rs. 3,577.77cr smart city plans

NMC Smart City Projects
In order to build a world class smart city project, the Nagpur Municipal Committee has proposed a staggering sum worth Rs. 3,577.77-cr for the mega project. Under the Smart City provision, projects have been divided into two components and works of Rs. 223.29-cr were proposed for making the city clean and safe whereas Read More...

Haryana clears Rs. 2,600cr infra projects

Manohar Lal Khattar
Haryana Chief Minister, Manohar Lal Khattar, announced a package of Rs 2,600-cr for development of Faridabad as a Smart City and on this score the state will request Union Urban Development Minister, Venkaiah Naidu, to include Faridabad in the list of first 20 smart cities. Haryana government is launching an air Read More...

RVNL bags Rs. 34,000cr metro contracts

RVNL Kolkata Metro
Riding high on the back of the on-going metro projects in Kolkata being built by the Kolkata Metro Development Authority (KMDA) the state capital of West Bengal, Railway Vikas Nigam Limited, currently commanded an order book worth Rs. 34,000-cr of which about Rs. 13,000-cr projects are under execution and others about Rs. 6,700-cr Read More...

DMRC fast tracks IGIA metro station project

DMRC IGI Metro Station
The domestic terminal of Delhi's Indira Gandhi International Airport, is all set to get a metro station by the end of this year thereby bringing huge relief to flyers from NCR. Terminal 1D that serves low-cost domestic carriers on the 34.2km-long Janakpuri West (Delhi)-Botanical Garden (Noida) corridor. The corridor, Read More...

Smart city expo evokes huge response

Smart Cities Expo 2016
The three-day 2nd smart city expo held in the national capital recently received an overwhelming response and was concluded with Smart Cities India 2016 Awards. The inaugural ceremony witnessed by world leaders such as H.E. Mr. Harald Sandberg (Ambassador to India, Embassy of Sweden), H.E. Mr. Chung-Kwang Tien (Ambassador Read More...

NBCC fixes Rs. 25,000cr projects on radar

Construction Projects
In view of the burgeoning business opportunities in the country's construction sector, National Buildings Construction Corporation (NBCC) has targeted construction projects worth Rs. 25,000-cr on its radar in the national capital during the current fiscal. Its order book currently stands at over Rs 35,000-cr and is likely Read More...

Govt clears for Rs. 10,000cr NIMZ project

Manufacturing Zone
Fast tracking the investment zones building process in the country, the Centre has given the approval for the proposed National Investment Manufacturing Zone (NIMZ) to be set up at a cost of Rs 10,000-cr at Kalinganagar area in Jajpur district of Rajasthan and that the location has been touted as the emerging steel hub Read More...

France injects Rs. 850cr in Kochi metro project

Kochi metro project
The metro agency, which is currently engaged in building a pedestrian walkway-cum-cycle track matching global standards with French technical help in Panampilly Nagar, posh residential area at Kochi area of Kerala, has secured Rs. 850-cr loans from France. It has mooted a similar project linking Ernakulam Boat Jetty with Read More...

M’rashtra speeds up Rs. 4,000cr realty project

Bhendi Bazaar Redevelopment Project
The first phase of the redevelopment of the slum clusters 1 and 3 popularly known as the Bhendi Bazaar Redevelopment Project, which has been coined as the Smart City project in this densely-populated locality of south Mumbai, is currently in full swing at a total investment of Rs. 4,000cr. The project, which is being developed Read More...

NHAI fast tracks Sangli-Kolhapur road project

Sangli-Kolhapur road project
Stung by the inordinate delay in the completion of Sangli-Kolhapur four-lane road project, the National Highway Authority of India (NHAI) has decided to complete the pending works of the mega highway project. Prior to this, the public works department (PWD) had handed the road's development to a private contractor, who left Read More...

DMRC plans 100 tunnel connecting underpasses

DMRC Cross Passages Subways
Ensuring free flow of footfalls across stations, the Delhi Metro Rail Corporation (DMRC) is constructing over 100 cross passages in the underground sections of its upcoming Phase 3 project, said official sources adding that cross passages in underground sections of the Metro connect two parallel underground tunnels which are Read More...

Smart City summit offers Rs. 50,560cr projects

Smart City Summit
In a major international outreach to garner investments in the flagship Smart City programme, the government has invited ambassadors of 150 countries to India in a grand investment summit slated for May 19. The government would pitch projects worth Rs 50,560-cr across 20 cities, chosen through a competitive process conducted Read More...

Railways targets Rs. 80,000-cr biz vistas

Indian Railways
Under the increased focus on rail network expansion, Indian Railways has decided to push the pace of laying new track to 19-km per day from the current 7.8-km which will generate Rs 80,000-cr business avenues from the procurement of cement, steel and cable among others in the next three years. Besides, the Railways Read More...

NMC plans six concrete road projects

Concrete Road Projects Nagpur
The Nagpur Municipal Corporation (NMC) has planned to construct six more cement roads in city under phase II of cement roads building initiative of the local body. The total cost of the roads is Rs. 25-cr and that RPS Infraprojects has bagged the tender for the first two roads at 12% below the estimate, which included Untkhana Read More...

Cabinet clears Rs. 1,983.51-cr highway project

Delhi Meerut Expressway Project
In a move that will go a long way in smoothening traffic flow in and around the National Capital, the union cabinet recently approved the third stretch of the Delhi-Meerut expressway project entailing an investment worth Rs. 1,983.51cr. The project, which will help reduce the travel time between Delhi and Meerut by 45 minutes Read More...

NHIDCL awards Rs. 3,799-cr road projects

NHIDCL Road Projects
The National Highways and Infrastructure Development Corporation (NHIDCL), which has decided to award 500 km of road projects in the current financial year, has recently awarded 15 projects covering 333 km with an estimated cost of Rs 3,799cr. The Nodal Road Building Agency has been mandated to fast-track road projects in tough Read More...

TN awaits Rs. 80,000cr infra projects

Transport Minister Nitin Gadkari
According to the Transport Minister, Nitin Gadkari, Tamil Nadu is turning out to be a major beneficiary under Sagarmala, Rs.4 lakh-cr Flagship River and allied infra building program of the Centre envisaging port-led development and that the initiative, which was conceived as a 10-year project, is going to be completed in Read More...

MSRDC floats bids for highway project

Pune Mumbai Highway
In its quest to ensure smooth flow of vehicular traffic on the 6.3km Pune-Mumbai highway, the Maharashtra State Road Development Corporation (MSRDC) has invited bids for the widening of Dehu Road Cantonment Board stretch. The work has failed to start in the last 10 years for various reasons but now the MSRDC is determined to build Read More...
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