News

M'rashtra clears redevelopment of 40,000 societies

Under the self-redevelopment plan of one lakh registered housing societies with 30 years age span, Maharashtra government and the owners have in principle agreed to redevelop 40,000 structures. The state government has Read More...

ADB inks $ 200-mn MoU for roads in Maharashtra

The Asian Development Bank (ADB) and the Maharashtra state government have signed a $200 million loan pact for upgrading rural thoroughfares to all-weather roads across 34 districts of the state and thereby Read More...

IIFL Asset Management invests INR 100 crores in CDE Asia Limited

IIFL Asset Management Limited (IIFL AMC), announced that an Alternative Investment Fund, managed by IIFL AMC has invested INR 100 crores into Kolkata-based CDE Asia Limited (CDE Asia), to help the company consolidate Read More...

Siddha Group launches Mumbai's first Rooftop Skywalk

Siddha Group announced the launch of their second project in Mumbai, Siddha Sky (a Sejal-Siddha project), city's first Rooftop Skywalk in Wadala. A first for the Indian real estate sector, Siddha Group's craftsmanship Read More...

Highbar Technocrat launches Digital Document Management Solution for Construction Industry

Highbar Technocrat Limited, an end-to-end Information Technology (IT) solutions provider for the real estate, infrastructure & construction industry with a global footprint, has added another jewel to its Read More...

New Cloud Solution TraceCost Launched to Automate Construction Management

TraceCost Inc., a Canada-headquartered project management technology company, launched its flagship product Tracecost, a "Made in India" cloud-based project management automation Read More...

Realtors relish ₹10,000-cr package for realty sector

Realtors have hailed the government's announcement of ₹10,000 crore special windows to provide last-mile funding for completion of ongoing housing projects which are not NPAs or facing bankruptcy proceedings Read More...

Prestige realty enters NCR' plans ₹500-cr project

Prestige Estates has decided to foray into the Delhi-NCR market and has tied up with local developer Ace Group to launch its first housing project in Noida with an investment of around ₹500 crore. Group CEO Venkat K Read More...

Govt awarding ₹2 lakh-cr tender for smart cities

In order to fast-track implementation of the Smart Cities Mission (SCM), the government is set to award tenders worth over ₹2 lakh crore. Apart from this, to complete these projects with finishing touches, smart city Read More...

DURASHINE® from Tata BlueScope Steel is India's Most Trusted Brand 2019

DURASHINE®, which has received this recognition for the third time under the Colour Coated Steel Sheets category, was once again unanimously chosen by consumers through a country-wide survey conducted by IBC Info Media Read More...

CDE attends the Urban Innovation Summit

CDE recently participated in the Urban Innovation Summit held in Lucknow. The Summit saw a formidable representation of industry experts, government officials, and corporate houses who are working towards the cause Read More...

Road projects of ₹5 lakh-cr reach contract award stage

In a major booster to the ailing construction equipment and commercial vehicle sector, Union road transport minister Nitin Gadkari has said that the government is rolling out mega road construction projects worth Read More...

PM launches ₹20,000-cr metro corridors in Mumbai

The Prime Minister during his recent visit to Maharashtra has laid the foundation stones for three metro projects, which will together add more than 42-km to the existing metro rail network in the city. The three corridors Read More...

Cabinet clears ₹3,439-cr for Konkan rail connectivity

The union cabinet has approved ₹3,439 crore for rail connectivity between Konkan and western Maharashtra linking Vaibhavwadi (Sidhudurg) and Kolhapur. The entire project will be commissioned by the year 2023. According Read More...

TN takes up ₹3,088-cr multi-deck elevated corridors

The Tamil Nadu government has decided to build a ₹3,088 crore multi-deck elevated transport corridor in Old Mahabalipuram Road (OMR) in a phased manner. The project is aimed at decongesting the road from Taramani to Read More...

BoB approves ₹2,000-cr for Bundelkahnd e-way project

Bank of Baroda has sanctioned ₹2,000 crore for the ambitious Bundelkahnd Expressway project in Uttar Pradesh. With this initiative, other banks would also be able to fast-track the loan proposals under their consideration Read More...

Railway explores PPP funding for ₹36,000-cr projects

The Mumbai Railway Vikas Corporation (MRVC) has initiated steps for funding two of its three projects worth ₹36,000 crore proposed under the Mumbai Urban Transport Project (MUTP)-4 on PPP model. The three projects Read More...

Haryana clears ₹2,196-cr rail lines

The decks have been cleared for construction of two rail lines in Haryana as the Haryana Rail Infrastructure Development Corporation has completed its DPR for ₹2,196 crore rail projects. With the construction Read More...

Blackstone in JV plans 20-mn sqft realty project

American private equity major Blackstone Group and realty developer K Raheja Corp in a joint venture have decided to take up a jointly-owned 20 million sqft commercial project, said official sources adding that the Read More...

BEML delivers first driverless coach to Mumbai metro

BEML has recently supplied the first driverless metro coach to Mumbai Metropolitan Area Development Authority's (BMRDA). A part of the order by Mumbai Metro Rail Corporation (BMRC) for 500 coaches, it will be used Read More...

Decks cleared for riverfront projects in Thane

Decks have been cleared for the river front projects in the Thane area of Mumbai with the Bombay High Court having recently allowed the development of eight waterfront projects, a pet project of the city's municipal Read More...

BRO launches Miao-Vijoynagar road project in NE

The inspection and soil testing has been initiated by the BRO on Miao-Vijoynagar road project in Changlang district of Arunachal Pradesh, Additional Director General (East), BRO, PKH Singh, said that a meeting Read More...

Terex celebrates 10 years of success in India; announces new expansion plan

Terex is celebrating a decade of successful operations in India with the announcement of new expansion plans for its 45-acre site in Hosur, Tamil Nadu facility to drive Terex's next growth phase in India, Terex started Read More...

Valvoline Partners with LiuGong, Enhancing Market Commitment to Customers

Valvoline Inc.and Guangxi Liugong Group Co., Ltd. (LiuGong) held a signing ceremony today in Shanghai to announce a global partnership. Sam Mitchell, CEO of Valvoline, and Mr. Zeng Guang'an, Chairman of LiuGong Group Read More...

CII CBRE Conference Identifies 'Building Green Real Estate as the Need for a Sustainable Ecosystem

CII in association with its knowledge partner CBRE concluded the 9th Regional Conference on Infrastructure Management with the theme ‘Building GREEN Real Estate'. The CII CBRE conference aimed to focus on building a Read More...

NHAI unveils ₹868-cr new connect to DME e-way

To deal with the likely traffic congestion once all phases of the Delhi-Meerut Expressway is commissioned, NHAI has decided to develop a portion of NH-235 to serve as an alternative route to the Hapur-Meerut stretch of Read More...

L&T Construction bags ₹2,500-cr offshore contract

L&T, through its wholly owned arm L&T Oman, has bagged a contract in Muscat to build a hotel and residences at an investment of about ₹2,500 crore. The company in an official statement said that its buildings and factories Read More...

ONGC targets ₹13,000-cr for drilling wells in Assam

Oil and Natural Gas Corporation (ONGC) in a recent statement has said that it will invest over ₹13,000 crore for exploration of over 220 oil wells across Assam in the next five years, and has signed an MoU with the Read More...

PWD Chennai invites CDE Asia on Good Quality M-Sand Production Discussions

On August 8, 2019, PWD Chennai called CDE Asia along with its high-level assessment committee and outlined the urgent need to increase M-Sand penetration and accessibility as a sustainable alternative to natural construction Read More...

Capacit'e Infra wins ₹4,502-cr CIDCO contract

Capacit'e Infra has bagged an order of ₹4,502 crore from City & Industrial Development Corporation of Maharashtra (CIDCO), stated managing director Rahul Katyal. The order will entail construction of about 21,346 dwelling units, commercial Read More...

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