Govt. speeds up Rs.37,883-cr e-way project

Nagpur Mumbai Super Communication Expressway
In order to provide hassle-free traveling facilities to the masses of the area, the state government in Maharashtra has decided to speed-up the construction work on the Nagpur-Mumbai Super Communication Expressway at an investment of Rs. 37,883cr. The eight-lane project crisscrossing through 25 townships, is also popularly called the Maharashtra Prosperity Corridor, which will be completed over a period of 36 months and for financing the mega national project, government has tied up with financial institutions for Rs. 24,363-cr equity required for the civil construction of the 706 km road stretch. To be built under the land-pooling model, the total land required for the project is 10,463 hectares, of which 9,500 hectares is private land and the rest 963 hectares is government or forest land. The project will be implemented by a special purpose vehicle (SVP), a subsidiary of the Maharashtra State Road Development Corporation (MSRDC). To meet the equity requirements and cash shortfall, the MSRDC has decided to monetize the available Bandra land area of 12 acres to generate Rs. 14,400cr, said official sources.

Realtors bet big on co-living building segment

Real estate developers across NCR are increasingly opting for the co-living segment as demand for independent houses continues to be sluggish. Delhi-based ASF Group, which has a residential complex in Gurgaon, has decided to construct Read More ...

TN sets up single window for building clearances

To bring relief to people in getting clearances and approvals for construction of buildings, the Tamil Nadu government is bringing in a single window clearance system through which people can apply online for different building approvals Read More ...

AP approves building bonanza for construction sector

In order to ensure smooth and inclusive regional development and also to provide justice to protesting Amaravati farmers, Andhra Pradesh Assembly has passed a Bill to develop three capitals in Visakhapatnam, Kurnool and Amaravati. The Region Read More ...

Demand for tipper trucks rising: Ashok Leyland

With the Centre's infrastructure push and growth in e-commerce, demand for tipper trucks and intermediate commercial vehicles (ICVs) is going up, while demand for multi-axle vehicles continues to be sluggish, said CEO of Ashok Leyland Read More ...

AAI inks MoU for international airport in HP

The process of building the first international level airport in Himachal Pradesh in Mandi district gained momentum as the state government has signed a MoU with the Airports Authority of India (AAI). The greenfield airport at Nagchala Read More ...

Make in India opens up ₹22,600-cr infra biz avenues

The rapid expansion in city gas infrastructure undertaken by the government will open a ₹22,600 crore 'Make in India' market for ancillary equipment needed for piping natural gas to households and refueling CNG vehicles, said official sources Read More ...

iQuippo becomes India’s first digital platform to digitise co-lending programs of Banks and NBFCs

iQuippo, India's first digital marketplace for infrastructure equipment, launched its upgraded financing portal (www.iquippo.com) to become the first digital platform in the country to digitise the co-lending programs of Banks and NBFCs Read More ...

Govt ready to award ₹3.1-tr NHs under Bharatmala

The road transport and highways ministry is in the process of awarding 7,500 km of new highways projects, with an investment of ₹3.1 trillion, as part of the second phase of Bharatmala Pariyojana. The projects include six Read More ...

Govt plsns ₹25,000-cr infra investment in J&K

The Central government has decided to invest ₹25,000 crore in building infrastructure in Jammu and Kashmir, said Union Railway Minister Piyush Goyal. The government has identified 25 projects covering sectors like irrigation, power Read More ...

MoRTH approves Aurangabad-Shirdi road widening project

The road between Aurangabad and Shirdi will be widened into four-lanes for which construction work is slated to start shortly once the ongoing road projects in and around Aurangabad are completed. The locals were demanding a super Read More ...

World Tunnel Congress 2020 in Kuala Lumpur.

The world's greatest meeting of tunnellers, the ITA-AITES World Tunnel Congress (WTC) and the 46th ITA General Assembly 2020, is being organized by the Institution of Engineers, Malaysia (IEM) in Kuala Lumpur from 15 to 21 May 2020 Read More ...

MMRDA launches longest sea-bridge on ₹14,260-cr project

The Maharashtra government has launched construction work for the country's longest sea-bridge on the Mumbai Trans Harbour Link (MTHL) project involving an investment of ₹14,260 crore at the Mumbai-end in Sewri. The CM unveiled the Read More ...

Railway rolls out ₹22,500-cr projects for private players

In a bid to put rail transportation services on fast-track, the Railway Board has unveiled an ambitious plan to allow private trains on the Indian Railways network. The move was recently sanctioned by NITI Aayog and the Indian Railways Read More ...

MoRTH releases ₹1,455-cr for NH-21 project in HP

The Central government has released funds worth ₹1455.73 crore for completion of the four-laning of Kiratpur to Nerchowk National Highway (NH). Once completed, it will facilitate people of the state to travel from remote areas Read More ...

AIIB injects ₹2,306-cr in Chennai metro project

The Asian Infrastructure Investment Bank (AIIB) has agreed to inject ₹2,306 crore for the construction of a 18-km elevated stretch between Meenakshi College in Kodambakkam and Poonamallee bypasses, which are part of Chennai Metro Rail Read More ...

DDA unveils 11 residential luxury towers in Dwarka

Delhi Development Authority is set to make its most high-end residential offering in the city with 11 residential towers comprising 1,114 flats, which would include 14 penthouses, 168 super-HIG flats and 932 HIG flats. These flats in Read More ...
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