Expansion of RGIA airport on anvil

RGIA airport
In order to expand its passenger handling capacity, the GMR Group-operated Rajiv Gandhi International Airport in Kerala is all set to get nod for starting work on the second phase of expansion of the terminal, which has already reached its capacity of 12 million passengers. The airport operator is expecting regulatory nod Read More...

Highways on satellite surveillance radar

Close on the heels of tapping the Indian Space Research Organisation's (ISRO) famed frugal engineering skills to develop a battery prototype that can be retro-fitted into old diesel vehicles for delivering motive power, the Roads Ministry in a recent bid reached out to the ISRO again to deploy spatial technology Read More...

Govt targets Rs. 25 lakh-cr infra investment

infra investment
Targeting an astounding investment worth Rs. 25 lakh-cr in the country's infra segments comprising roads, railway, and shipping where projects included the development of 27 industrial clusters at ports at around Rs. 8 lakh-cr, Minister of Road Transport and Highways and Shipping, Nitin Gadkari said, elaborating Read More...

Embassy adds to Rs. 4,500cr realty projects

Injecting yet another booster to its ongoing realty projects worth Rs. 4,500 crore in Chennai, the Embassy Group has recently acquired a stalled SEZ project in the area from SNP Infrastructure, said sources, adding that the 26-acre property on Thoraipakkam-Pallavaram road is close to the airport on the Pallavaram road where Read More...

DoNER fixes Rs. 33,000cr investment for NE

DoNER Skill Development
In order to bring the region at par with other parts of the country, the Development of North Eastern Region (DoNER) Ministry has set aside an astounding investment targets worth Rs. 33,000-cr for the development of the north-eastern states in the current fiscal, secretary Naveen Verma, said in a recent statement, Read More...

Adani launches Rs. 10,000cr Dhamra Port project

Adani Dhamra Ports
The Adani Group owned Dhamra Ports Company Ltd (DPCL) has in a recent move initiated work on its second phase of expansion, after getting advance possession of 740 acres of land from the Odisha government where the expansion is expected to involve an investment in excess of Rs 10,000cr. The ongoing project would ramp up Read More...

Cabinet clears Rs. 5, 370cr private projects

Cement Power Construction Project
In a major booster to private investment, the Union cabinet has cleared private projects including cement, power, and construction worth Rs. 5,370cr. On this score, the cabinet approved a proposal for setting up of new cement unit having 3.30 MTPA capacity and captive power plant at Nawalgarh (Jhunjhnu) in Rajasthan Read More...

TN plans Rs. 538cr road upgrade

Tamil Nadu Road Upgrade
The State Highways department in a recent decision has cleared the widening of the Pollachi road into a four-lane with a length of 25-km from bypass road junction to Aatchipatti at an investment of Rs. 500-cr and construction work on the project in question is set to start very shortly. The project will include bridges Read More...

LMRC awaits Rs. 3,502cr funding booster

Lucknow Metro
In a major financial booster to the mega Lucknow Metro Rail Corporation (LMRC) the contractor of the project is all set to start construction work on an underground metro corridor, spanning from Charbagh to KD Singh Babu Stadium. In this connection, an empowered team of the European Investment Bank is currently Read More...

India surges ahead in green building footprint

India Green Building
Commanding a whopping space worth over 3.59 billion sq ft, covering 3600 projects built under the country's green building footprint, India has emerged as the second largest player in the segment in the world. If it keeps the momentum of the past three years, the coverage can go up to 10 billion sq ft by 2022 Read More...

DHFL plans Rs. 6,300cr for realty projects

DHFL Realty Projects
In order to push its footprint in the country's real estate sector and also adding to its project portfolio, the Dewan Housing Finance Corporation in a recent move has decided to generate Rs 6,300-cr via issuance of secured redeemable non-convertible debentures up to an amount of Rs. 5,000cr, unsecured non-convertible Read More...

Maruti Suzuki earmarks Rs. 800cr for realty infra

Maruti Suzuki Realty Infra
Exploring the possibilities to set up an assembly facility in Africa and investing in real estate in India to develop sales and marketing infrastructure, the Maruti Suzuki has laid out an ambitious plan to foray in the country's real estate sector and allocated Rs 800-cr for building the allied infrastructure Read More...

KPT plans expansion worth Rs. 1,256-cr

Kolkata Port Trust
In order to increase its cargo handling capacity, the Kolkata Port Trust has chalked out an ambitious plan to launch seven key projects amounting to Rs 1,256-cr in the current financial year to push its tonnage handling and cargo handling capabilities. Of the targeted investment, Rs 370-cr will come from internal accruals Read More...

BMC targets 1-mn affordable housing units

affordable housing
As per the newly rolled out city's revised development plan (RDP) Brihanmumbai Municipal Corporation (BMC) envisaged creating one million affordable housing units to be built on eco-sensitive salt pans and lands designated as no development zones (NDZs) and that it has already demarcated space for social housing comprising Read More...

K Raheja unveils 6-mn-sqft realty projects

K Raheja Infotech Parks
Adding to its project portfolio in the real estate sector, K Raheja Corp in a latest move has decided to build two InfoTech parks worth 6mn sq ft leasable space in Mumbai and Pune over the next two years thereby adding to the existing portfolio of the company, which is India's second largest developer of business Read More...

Govt clears 118 port projects worth Rs. 53,354-cr

Port Projects
Injecting a major booster to the port sector, the Union government has approved 118 port projects entailing a staggering investment worth Rs. 53,354-cr in the first 5 years of the 12th Five Year Plan as against 27 projects during the Eleventh Plan at an investment of Rs.13,195.85cr. Most of the projects entailed Read More...

AP gets Rs. 2,000-cr concrete roads

Ayyanna Patrudu Concrete Roads
Improving the road connectivity across the rural belt of the state, the Andhra Pradesh government has decided to construct cement roads with a whopping length of 5,000-km at an investment of Rs 2,000cr, Panchayat Raj Minister, Ayyanna Patrudu said, adding that the government has identified the villages where CC roads Read More...

Jharkhand clears 1,428-km road upgrade

Pon Radhakrishnan
The Transport Ministry has in a recent move cleared road projects with a length of 1,428-km whereby most of the road projects involved laying new road lengths and upgrading the existing ones. On this score, the Ministry of Road Transport & Highways has accorded In Principle 'approval for declaration of new National Highways' Read More...

Railway plans Rs. 40,000-cr projects in Mumbai

Suresh Prabhu Mumbai Railways
Accelerating the rail network building process in the Mumbai metropolitan city, Indian Railways has chalked out a plan to invest Rs 40,000-cr in different projects in Mumbai, blueprint of which will be prepared before August 15, railway sources said, claiming that the foundation stone laying ceremony of a FOB (Foot Over Bridge) Read More...

Radius Developers in JV for realty project

Radius Developers Joint Venture
Radius Developers, which is a Mumbai-based property developer, in a recent development has entered into a joint venture with Rohan Lifespaces to execute the latter's redevelopment project at Hughes Road in South Mumbai, said official sources claiming that as a part of the alliance, Radius will execute and market Read More...

NHAI launches FASTag on toll plazas

NHAI Toll Plaza FASTag
Ensuring smooth and hassle free movement of vehicular traffic across the country, the National Highways Authority of India has recently rolled out cashless payment mechanism (FASTag) on toll plazas on the national highways. The FASTag, which was formally launched at a toll plaza of NH-8 at CTM in Ahmedabad, offers near Read More...

AP launches Rs. 1,000-cr Plastic Park

Central Institute of Plastic Engineering and Technology
In an attempt to provide world class plastic engineering training to youth, Andhra Pradesh govt. has decided to set up another Central Institute of Plastic Engineering and Technology (CIPET) to train 5,000 plastic engineers and technicians every year, which will be set up in Anantapur district, said Union Minister Read More...

Eight waterways projects up for grab

Waterways Projects
Fast tracking the process of building waterways projects across the country, the Union Government is all set to invite bids for developing eight rivers as National Waterways very shortly by injecting a major booster in the movement of goods and passengers through rivers via cheaper mode of transport. On this score Read More...

Smart cities get $1.5-bn WB, ADB booster

ADB World Bank Smart City Projects
In a major financial booster to the much hyped smart city projects, the multilateral funding bodies including Asian Development Bank and the World Bank have agreed to provide $1-bn and 0.5-bn respectively to build these projects, Secretary, Urban Development, Rajiv Gauba, said in a statement. Adding more information to it, Read More...

Aviation sector awaits Rs. 6,000-cr investment

Indian Aviation Sector
In order to provide air connectivity across the country, the Union government is contemplating to investment a staggering sum worth Rs 6,000-cr this fiscal on building 75 regional airports. On this score, the civil aviation ministry will soon send a formal proposal to the Finance Ministry and both have already discussed Read More...

Railway launches Rs. 140-cr road projects

Link Road Connecting NH 24 NH 58 Ghaziabad
In an attempt to provide top class connectivity by joining the two sections of NH-24 & 58 link road over the Delhi-Howrah near Ghaziabad, the Railways will soon start the work on the road project. The scope of work in the venture included 3.65-km elevated link road, which will connect the two major highway Read More...

Govt clears highway project in NE

Itanagar Banderdewa Highway Project
The Ministry of Road Transport & Highways of North East Region has sanctioned the 4-laning of Itanagar to Banderdewa Highway Project and three Flyovers in the capital complex of the state, Chief Engineer, MoRTH for the region, V K Rajawat said, adding that the project will be steered cleared once the DPR Read More...

Govt fixes 25,000-km targets at 40-km per day

Highway Building Target
Setting an astounding highway building targets of 25,000kms at 40km per day, the central government has decided to award contracts worth Rs. 2.5 lakh-cr in the current financial year and funds worth Rs. 1 lakh-cr are likely to flow from LIC and EPFO. In the current budget, Read More...

UP unveils Rs. 28,095-cr metro rail projects

Uttar Pradesh Metro Rail
Apart from making major headways in building multiple e-way projects, the state government in Uttar Pradesh has chalked out an ambitious metro rail network plan entailing a staggering investment worth Rs 28,095-cr across the state. In the road sector, the state has planned inter-city and intra-city road and transport Read More...

Govt fixes Rs. 25,000-cr for roads in hilly states

Roads in Hilly States
In its quest to build a classic road infrastructure across the Himalayan belt, the Union government is preparing a Rs 25,000-cr plan for construction of about 2,000 kilometres of highways in 12 hilly states in the country, said official sources, claiming that the highest number of highway length will be awarded Read More...

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