Mahindra World City unveils newest zone

Mahindra World City Chennai
An arm of Mahindra Lifespace, Mahindra World City Developers, has launched a new phase in the industrial zone of Mahindra World City Chennai with focus on engineering, automotive, logistics, electronics, and pharma companies, on an area of 42 acres. The mega project, which is located in the Domestic Tariff Area (DTA) at Mahindra World City Chennai, already has got 29 global and Indian companies setting up their operations. The 1,500 acre Mahindra World City Chennai, launched in 2002, comprises over 64 companies including the likes of BASF, BMW, Fujitec, Infosys, and Nissan. Mahindra World City Developers has launched two integrated business cities in Chennai and Jaipur of 1,500 acres and 3,000 acres, respectively. The company is also planning to build a 300 acre industrial park in Gujarat and has got all the government approvals. This will be the second industrial park by the company after the 650 acre industrial park in north Chennai along with Japan's Sumitomo Corporation. Piramal Fund Management, the realty investment arm of Ajay Piramal-led Piramal Enterprises, has invested in Ahuja Constructions' premium residential project Altus in Mumbai's Worli locality to support the project's total construction cost of Rs. 100cr. The project with a total built-up area of 2.34 lakh sq. ft. is estimated to generate revenue of Rs. 700-cr based on the current property rates in the vicinity, said official sources.

CCEA approves ₹33, 690-cr for urban infra in Mumbai

The Cabinet Committee on Economic Affairs, which spearheaded by PM, recently approved Phase-III-A of the Mumbai Urban Transport Project involving an investment of ₹33,690 crore and the project is expected to be completed in the next five years Read More ...

DMRC delivers DPR for ₹3,300-cr twin metro corridors

The Delhi Metro Rail Corporation (DMRC) has submitted revised project reports for the Noida-Ghaziabad twin metro corridors involving about ₹3,300 crore investment. As per the revised DPR for the two Blue Line Metro extensions, Phase-3 involves Read More ...

PFC fires ₹28,500-cr in water infra projects in Telangana

In an encouraging development, Power Finance Corporation (PFC) has recently agreed to extend funds worth ₹28,500 crore for twin water infra projects in Telangana, PFC Chairman Rajeev Sharma said adding that in the first case the PFC agreed in principle Read More ...

Konkan Railway gets ₹600-cr for tunnel project

The state government in Kerala has selected Konkan Railway Corporation to execute the Wayanad-Kozhikode tunnel road, an alternative to the ghat road connecting Kozhikode and Bengaluru through Wayanad for which the state government has already Read More ...

NHAI unveils four-lane highway project in TN

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Pune Metropolis gets ₹1,722-cr funding booster

The state government in Maharashtra has made a provision worth ₹1,722 crore for the Pune Metropolitan Regional Development Authority (PMRDA) of which ₹320 crore has been allocated for the town-planning schemes undertaken by the nodal agency Read More ...

Hines in JV launches ₹1,900-cr project in Gurgaon

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NHAI takes up four-lane highway widening works

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GST Council offers two options for realtors

The GST Council in its recent decision has stated that real estate developers with unsold housing inventories can now choose either the old rate or the new one if the project is still under construction as on March 31. The decision also cleared Read More ...

NCR & MMR lead the way in affordable housing

According to ANAROCK Property Consultants' latest report 'Affordable Housing, the Delhi NCR and Mumbai Metropolitan Region account for 55% share of total 6 lakh affordable units launched across the top 7 cities in the country. NCR saw maximum supply Read More ...

ASK injects ₹326-cr in a real estate projects

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Railway rolls out ₹894-cr cross-country bridge ventures

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GDA goes for ₹649-cr Hindon-DND flyway project

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New policy to resolve ₹30,000-cr stalled NH projects

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Shapoorji Pallonji wins 7 Awards from CIDC

Shapoorji Pallonji's Engineering & Construction (SP E&C) Division has won 7 Achievement Awards for Construction Health, Safety & Environment (CODE – I). The Organization was recognized by the Construction Read More ...

Eicher Trucks & Buses Plans to Expand its presence in the African Market

Eicher Trucks and Buses commemorated the long-standing association with the Africa region with its participation at the 14th edition CII- EXIM Bank Conclave on India Africa Project Partnership at Taj Diplomatic Read More ...
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