PPT launches Rs. 5, 300cr port project

Paradip Port Trust
The Paradip Port Trust, which is currently constructing a deep draft iron ore berth on BOT model at an investment worth Rs 740.19cr, has also decided to build Rs. 4,600-cr deep draft coal berth and allied facilities under the Central government's Sagarmala programs. In an encouraging development, PPT retains second position Read More...

Sixteen coal blocks up for grab

Coal Mines
Going ahead with its decision to open up the coal sector for commercial mining perhaps for the first time in over 40 years, the government is throwing open the coal sector for commercial mining. On this core, the government this month is inviting proposals from public sector undertakings for the allotment of 16 mines, Read More...

WB injects $1.5-bn in SBM mission

World Bank Swachh Bharat Mission
In a major morale booster to the on-going Swachh Bharat Mission (SBM), the World Bank has recently injected a staggering sum worth US$1.5 billion and to this effect the Government of India and the World Bank have signed a loan agreement to support the Government of India initiative. Among other things, the mission has been Read More...

Krishnapatnam port gets Rs. 10,000cr hub

Krishnapatnam Port
The Hyderabad-based CVR Navayuga group, which owns the Krishnapatnam port in Nellore district of Andhra Pradesh, has decided to inject Rs. 10,000-cr to expand the port facilities and to set up a world class industrial hub, Managing Director, Chinta Sasidhar, said adding that the group is in the process of setting up an Read More...

UP unveils Rs. 1,937.73-cr e-way project

Samajwadi Purvanchal Expressway
In an attempt to improve the road network in the state, the state government has decided to upgrade state highways across regions and planned to build the Lucknow-Ballia Expressway, which was renamed as Samajwadi Purvanchal Expressway on Engineering, Procurement and Construction (EPC) Model at an investment worth Rs 19437.73cr Read More...

Brigade Group launches Rs. 1,000cr trade tower

Brigade Group Trade Tower
The Brigade Group, a Bangalore-based real estate and infra builder holding licences to build World Trade Centers across five southern cities, will build its third WTC after Bengaluru and Kochi in Chennai with an investment of Rs. 1,000 crore. In the project, the company is developing over 2.5 million sq. ft of commercial Read More...

Panaji smart city gets Rs. 1,099.94cr

Panaji Smart City
In order to build a classic city in the state capital of Goa, the council of the corporation of the City of Panaji (CCP) has recently cleared Rs 1,099.94-cr under the Smart City Mission, Commissioner Sanjith Rodrigues said adding that the St Inez Creek is a political-socio-economic problem and not a technical issue Read More...

PNC sets to win Rs. 1155.70cr contract

PNC Infratech Nagina Kashipur Road
The renowned infrastructure player of the national repute, the PNC Infratech has turned out to be the lowest bidder for the four laning of Nagina-Kashipur section of NH-74 project stretching across Uttarakhand and Uttar Pradesh under NHDP-IV program. The project, which is to be executed on EPC model entailed an investment Read More...

GDA launches 6-km elevated road project

Ghaziabad Elevated Road
To further strengthen the road network in the area, the Ghaziabad Development Authority (GDA) has recently started the construction work on the second section of Hindon elevated road. While the first section of the stretch, which is 6.3 km long, runs from UP Gate to Vasundhara, the second section stretch from Vasundhara to GT Road Read More...

MEP Infra sniffs mega highway project

MEP Infra Highway Projects
Adding to its project portfolio in the road and highway sector, MEP Infrastructure Developers which is a renowned construction and infra builder of repute, in a joint venture with Sanjose India Infrastructure & Construction, is all set to bag a road project as that the joint venture entity has been declared as the lowest Read More...

HUDA plans new road to Manesar

HUDA Manesar Road
To facilitate smooth flow of vehicular traffic from Delhi to the industrial area of Manesar in Haryana, the Haryana Urban Development Authority, has decided to construct a Greater Southern Peripheral Road (GSPR) crisscrossing the southern fringes of Gurgaon. The GSPR, which will start from Mehrauli in Delhi and connect NH-8 in Manesar Read More...

Kolkata bridge collapse: Govt ups ante against contractor

Kolkata Bridge Collapse
Getting tough in the aftermath of the Kolkata flyover tragedy, state's agencies cracked the whip against the contractor and arrested three of the mid-level officials of the Hyderabad-based firm and detained five others, sealed their Kolkata office and directed its CMD to join the probe as death toll rose to 24, besides Read More...

Architect Dame Zaha Hadid dies at 65 after heart attack in Miami

Architect Zaha Hadid
The world-renowned architect and the first woman to win the Pritzker prize, Zaha Hadid has unexpectedly passed away on Thursday (31st March 2016) due to a heart attack while in hospital in Miami where she was being treated for bronchitis. Died at the age of 65, Hadid is largely regarded as the most influential female architect Read More...

Karnataka gets Rs. 925-cr infra projects

Karnataka Infra Projects
In order to add to its infra facilities including road network, the transport ministry has recently cleared infra projects for Hubballi-Dharwad area entailing a whopping investment worth Rs. 925cr, which is also expected to boost other infra activities in around the twin-cities, said transport minister,  adding that Read More...

IKEA inks realty deal worth Rs. 214cr

IKEA Realty Deal
Accelerating the process of expanding its operational ambit to more and more areas across the country, the Sweden-based furniture retailing giant Ikea is all set to acquire 26-acre plot on the outskirts of Mumbai from Tata Group involving an investment worth Rs214-cr and is in the process of building the required infrastructure Read More...

MoRTH launches Rs. 1,860-cr highway project

Four Laning National Highway
Adding to the country's road and highway network, the Union transport minister has recently laid the foundation stone for the four-laning of a 257-km stretch of National Highway near Kudligi bypass in the Andhra Pradesh at an investment worth Rs. 1,860cr. The present two-lane stretch from Hosapete linking NH 4 at Chitradurga Read More...

DMRC secures Rs. 763-cr in Delhi’s Budget

DMRC Delhi Budget
Close on the heel of securing a staggering sum worth Rs. 5,579-cr in the Union Budget, which marked a jump of about 31% over the previous year, Delhi Metro Rail Corporation (DMRC) has also secured Rs. 763-cr from the Delhi government in its recently announced Budget proposals. The fund flow Read More...

HCC secures contracts worth Rs. 623-cr

Hindustan Construction Company
Adding to its project portfolio in the construction sector, the Hindustan Construction Company has been awarded two contracts worth Rs 623-cr in the hydro power and tunneling sectors, President & CEO - E&C, Arun Karambelkar, said, adding that the first order, Read More...

Govt launches road projects in M’rashtra

Road Projects in Maharashtra
The transport minister has recently launched three major road projects, including two critical, providing Shiradi Ghat direct connectivity to the coastal city and then to state capital by building a four-lane roads. While the first two packages involve widening of the NH-75 Read More...

Real Estate Bill-2016: Triggers ripple impact in realty sector

Real Estate Bill 2016
The news of the clearance of Real Estate Regulatory Bill-2016 in both houses of Parliament cheered players across segments in the construction and real estate sector. The move will not just destined to bottom out recession from the country's realty sector but also expected to have a ripple impact on the entire economic scenario Read More...

Govt unveils Rs. 1 lakh-cr roads in NE

Road Projects in North Eastern Region
Accelerating the road building process in the north eastern region of the country, the transport ministry has decided to award road projects worth Rs. 1 lakh-cr during the next five years. The targeted road projects would be built by the National Highways Read More...

Residential realty awaits $1-bn infusion

Residential Real Estate Sector
In view of the availability of multiple sops in the residential real estate sector including attractive rate of returns averaging at a high of 20-22% per annum, the residential real estate in the country is all set to get investment worth $ 1 billion in the new financial year, said industry expert. Read More...

Govt takes up Rs. 15,000cr road upgrade

National Highways
In a major initiative to match the road infrastructure deficit in the country, the transport ministry has decided to upgrade state roads into national highways entailing a staggering investment worth Rs 15,000cr. In this connection, the Union transport ministry has already made a budgetary allocation to undertake expansion Read More...

MP takes up Rs. 3,000cr smart city project

Madhya Pradesh Smart City Project
In its quest to build world class smart city in its state capital, the state government in Madhya Pradesh has recently roped in a leading Real Estate and Infrastructure Consultants, Rudrabhishek Enterprises Private Limited (REPL), in consortium with PricewaterhouseCoopers and that the Union Ministry of Urban Development Read More...

BMC plans mega tunnel project

BMC Tunnel Project
In an attempt to ensure smooth movement of vehicular traffic on the Pedder Road in the Mumbai Metropolitan city, BMC, the civic body has decided to build a 2-km long tunnel project between Priyadarshini Park to Princess Street flyover opposite Taraporevala Aquarium said Municipal Commissioner Ajoy Mehta, adding that in the project the committee Read More...

Tamil Nadu gets 693-km road upgrade

Tamil Nadu Road Upgrade
Ministry of Road Transport and Highways (MORT) in a recent move has cleared 693 kms of of State Highways to be constructed as NHs and the targeted road length is being handed over to the National Highways Authority of India (NHAI) for widening of the length. The list of roads that are having high volume of traffic, lengthy Read More...

M'rashtra earmarks Rs 400-cr for left out cities

Sudhir Mungantiwar
Ensuring balanced development in cities across the state, the Maharashtra government has set aside an annual funds worth Rs. 400 crore for the eight cities that lost out on being included in the Centre's Smart Cities list, finance minister Sudhir Mungantiwar said, adding that the Union government selected Pune and Solapur from Maharashtra Read More...

PropTiger fixes Rs. 2,100cr sales on radar

Buoyed by the emerging scenario in the country's real estate sector, News Corp-backed realty portal PropTiger.com has targeted to sell about 3,500 housing units worth Rs 2,100-cr during the fiscal, up 17% from the last year. The company had sold about 3,000 units worth Rs 1,800-cr in the fiscal 2015, CEO and founder Dhruv Agarwala said Read More...

Puravankara plans Rs 480-cr project in Pune

Puravankara Residential Project
In view of the emerging future business avenues in the property segment of the region, Puravankara Projects, a renowned property builder of the country has decided to develop a residential project on an area of 20 acres at Mundhwa in Pune, said official sources, claiming that the Bangalore-based developer had entered into a joint venture Read More...

KPTL wins orders worth Rs. 1,320cr

Kalpataru Power Transmission Limited
Adding to its project portfolio in the power sector, Kalpataru Power Transmission Limited, a global EPC player in the power & infrastructure sector, in a recent cache has secured contracts worth Rs 1,320cr, said the company in an official statement, adding that it has secured a turnkey transmission line project of 765 KV D/C Read More...

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