Embassy Group plans 30-acre SEZ project

In a major booster to the otherwise dormant Special Economic Zones' sector, property developer- Embassy Group has emerged as the exclusive co-developer for setting up a 30-acre special economic zone in the heart of the Chennai city, said an industry insider, adding that the project is ideally located on the Thoraipakkam Pallavaram Radial Road in the city and it would be known as "Embassy Splendid Tech Zone". The first phase of the project is expected to be completed by 2019. Embassy Group has received approval from the Board of Approval to act as exclusive co-developer for the Notified SEZ. Commenting on the development, Chairman and Managing Director, Amassy Group, Jitu Virwani said that the company is excited to move ahead with this new partnership and add to its existing multi-SEZ portfolio and with the latest initiative, the player planned to strengthen its foothold in the city.

: Published: 03 July 2016

JK TYRE LAUNCHES NEWEST 23.1-26 SIZE V-COMPACT TYRE AT EXCON 2019

Indian Tyre Industry major and market leader in Truck Bus Radial tyre segment, JK Tyre & Industries launched the new V-Compact R3 tyre at the on-going EXCON 2019 trade show. The 23.1-26 V- Compact R3 has been designed especially for soil Read More ...

JAI bags Jewar Airport project and will invest ₹4,500-cr

The state government in Uttar Pradesh has approved a proposal to award the contract for construction and operation of the mega Noida International Greenfield Airport in Jewar, Greater Noida, to Switzerland's Zurich Airport Read More ...

DBL wins ₹1,250-cr expressway project in UP

In a recent development in the country's road and highway sector, Dilip Buildcon (DBL) has received letter of acceptance (LoA) for Gorakhpur Link Expressway Project involving an investment of ₹1,250 crore. The scope of work envisages Read More ...

Gaur Group goes for ₹750-cr realty projects

In a bid to add to its project portfolio in the realty sector, Gaurs Group has decided to invest ₹750 crore over the next three years to develop commercial projects in Greater Noida. The company will develop 12 lakh sq ft areas Read More ...

Hines unveils $500-mn investment plans in India

In a bid to make the most out of the emerging biz avenues in Indian realty sector, the US-based realty firm Hines has decided to invest $ 500 million to develop new commercial and housing projects in the country. The offshore firm Read More ...

DMRC goes vertical in Phase-IV of the project

In a major designing shift, the size of the stations coming up under Delhi Metro's Phase IV project, DMRC is contemplating going vertical in creating spaces in existing depots to park trains that will run on the upcoming lines. So far Read More ...

GMRCL fast tracks ₹12,020-cr metro in Surat

The construction work on the first phase of a 40.35-km metro rail network in Surat in Gujarat is all set to start very shortly and the entire project is slated to be commissioned in four years at an investment of ₹12,020 crore, said Read More ...

Adani led consortium sets to bag ₹8,000-cr HCMTR contract

A consortium comprising Adani, Welspun and China Third Engineering has placed a bid of ₹8,000 crore for the upcoming High Capacity Mass Transit Route (HCMTR) project in Pune. The bid is about 40 per cent higher as compared to the Read More ...

Godrej in JV unveils ₹700-cr commercial project

Godrej Group, through its arm, Godrej Fund management (GFM), a real estate private equity player, has entered into a strategic partnership with the Centruy Group of Bengaluru to develop a commercial asset at an investment of ₹700 crore Read More ...

AP pushes ₹1,300-cr infrastructure projects

The state government in Andhra Pradesh has launched infrastructure projects worth ₹1,300 crore in the Greater Visakhapatnam Municipal Corporation (GVMC) and Visakhapatnam Metropolitan Region Development Authority (VMRDA), said an official Read More ...

Railway approves ₹2,410-cr projects in TN

A staggering sum worth ₹2,410 crore has been allotted to build railway infrastructure including safety measures in Tamil Nadu during the current fiscal, Union railway minister said adding that budget allocation for the same in 2014-19 Read More ...

Puravankara targets ₹8,000-cr from new realty projects

Real estate building major Puravankara has recently entered the luxury real estate segment under the Purva WorldHome collection brand, targeting a niche demographic of home buyers. The company plans to add 3-4 properties in next Read More ...

DDA rebuilding 378 slum clusters in Delhi

The Delhi Development Authority in a recent move has decided to redevelop 378 JJ clusters under the Pradhan Mantri Awas Yojana (urban), Union Housing and Urban Affairs Minister Hardeep Singh Puri said. In this connection, a decision Read More ...

Chandigarh gives go ahead to ₹200-cr structure

Chandigarh administration has given green signal to construct a multi-storey hostel in Sector 48, area of the Union Territory involving an investment of ₹200 crore. The building will house 1,495 rooms for doctors, nursing staff and Read More ...

AIF achieves first closure at ₹10,530-cr

Special Window for Affordable and Mid-Income Housing Fund (SWAMIH) Investment Fund I, sponsored by the government for providing last-mile funding enabling completion of construction of stalled projects, has achieved its first closing Read More ...

JCB India displays newest technological innovations at Excon'19

JCB India, country's leading manufacturer of Earthmoving and Construction Equipment, showcased a wide range of new, smart, technology-driven machines at the 10th edition of Excon'19 in Bengaluru. Riding high on the back of Excon'19 Read More ...