M’rashtra clears Rs. 16,000-cr airport project

Navi Mumbai International Airport
After much dilly dallying, the state cabinet in Maharashtra has recently given its approval to the City Industrial Development Corporation to issue a Request for Proposal (RFP) for the proposed Navi Mumbai International airport entailing a staggering investment worth Rs. 16,000cr. A RFP, which is in fact a solicitation, made through a bidding process by an agency or company seeking to procure a commodity, service to potential suppliers to submit business proposals for project and is being implemented through Public-Private Participation and CIDCO has a 26% stake in it. CIDCO already has 80% of the land in its possession and nearly 95% of the land has been acquired through consent award, said, official sources, adding that in the first phase which will handle one crore passengers will be commissioned by 2019. The consortium will be allowed to operate flights even earlier as the airport is being built in phases and that the four companies that have been short-listed include GMR Group, the GVK-led MIAL (which has the first right of refusal), Hiranandani Developers along with Zurich airport and Mia Infrastructure with Tata Realty and Infrastructure whereby the Hiranandani Developers - Zurich airport consortium failed to obtain security clearance, they added.

NHAI hastens Delhi-Jaipur road corridor

The Rajasthan government has fast tracked the process to acquire land for the northern corridor of the Ring Road connecting Jaipur-Agra NH with the Jaipur-Delhi National Highway. After identifying land in 26 villages of three tehsils Read More ...

WeWork forays into commercial realty space in Pune

While foraying into Pune’s commercial realty market, US-based co-working operator WeWork has taken on lease over 1.22 lakh sq.ft of office space to launch its 24th centre in the country. The company has taken over Panchshil Realty's Read More ...

200-acres of land parcels being auctioned in Hyderabad

The Hyderabad Metropolitan Development Authority (HMDA) has decided to auction 200 acres of land at Kokapet in Rajendranagar Mandal, which is expected to fetch it ₹5,000 crore. The state government is keen on auctioning the land Read More ...

KEC International gets ₹845 crore order from Railway Infrastructure sector

KEC International Ltd. a global infrastructure EPC major, has secured its first orders of ₹845 crore in the emerging sectors of Regional Rapid Transit System (RRTS) and Metro in India, The first ₹580 crore order is for construction Read More ...

Industry giants make beeline for J&K

Shortly after Article 370 was scrapped, both big and small firms namely Trident Group, Medanta Group, Reliance Industries, CureFit, and Policybazaar, have announced plans to invest in the Union Territory of J&K. From fitness centres Read More ...

MMRDA unveils integrated transport hub in Wadala

The Mumbai Metropolitan Region Development Authority (MMRDA) has recently secured approval from Brihamni Mumbai Electricity Supply and Transport (BEST) for setting up an integrated transport hub (ITH). The project has Read More ...

Delhi ranks high in luxury realty pricing

The NCR has ranked 10th globally in price movement of luxury housing properties, with rates rising by 4.4 percent annually during the second quarter of 2019, stated the Prime Global Cities Index report by property consultant Knight Read More ...

Hyderabad metro unveils Airport Express

Telangana will soon get an Airport Express metro rail link from Mindspace to Shamshabad airport with the state cabinet having cleared the project and construction work set to start soon, said fficial spokesperson KT Rama Rao. He Read More ...

IOC earmarks ₹25,000-cr for green energy generation

Indian Oil Corp ((IOC) plans to invest ₹25,000 crore in green energy projects, including wind and solar power plants, among others. The company has developed a road map and action plan to usher in clean and green energy generation Read More ...

UP infuses ₹600-cr in airport project in Ayodhya

The Uttar Pradesh government has fast-tracked a clutch of developmental projects in Ayodhya including a Sri Ram airport project, for which ₹600 crore has been released. The state government has up till now infused ₹1,000 crore Read More ...

PM rolls out ₹100 lakh-cr infra building plans

The PM has announced that ₹100 lakh crore will be spent towards infrastructure creation in the country as in the last five years his government has seen massive spending on roads, railways, water, irrigation and urban infrastructure Read More ...

Softbank sharpens realty plans in Punjab

Evincing keen interest in the real estate sector of Punjab, Japan's Softbank Group will be investing in Punjab's realty sector, with a focus on student housing through Indian hotel start-up OYO, which is backed by SoftBank Group. A high Read More ...

Hyderabad gets ₹10,000-cr realty investment

Hyderabad has secured about ₹10,100 crore worth of investments in its real estate sector since the beginning of 2015 till the first half of 2019 as against ₹1,800 crore from 2008 to 2014, a latest JLL study said. Focus on infrastructure Read More ...

AAI earmarks ₹19,000-cr for aviation infrastructure

Looking to upgrade India's airport infrastructure, the Airports Authority of India (AAI) has decided to invest about ₹19,000 crore in the next couple of years, claimed official sources. The investment is being made to improve runway capacity Read More ...

APIIC allots 2,600-acre for ₹15,000-cr infra projects

Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has allotted about 2,600 acres of land for four major projects being set up by Bharath Electronics Limited (BEL), National Academy of Customs, Excise and Narcotics (NACEN) Read More ...

Allianz launches $150-mn commercial realty expansion

Munich-based Allianz SE has committed $150 million to an office development platform managed by Godrej Group. The investment is part of Allianz's strategy to allocate 50-60% to its real estate exposure within the Asia Pacific to fast Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week