MCGM targets multiple realty projects

MCGM Affordable Housingy
In its attempt to provide affordable housing units to the urban poor, the Planning Committee of Municipal Corporation Greater Mumbai (MCGM) has recently decided to increase the total area available for low-cost housing units in the city on an area of about 787.28 hectare in its Development Plan for 2034. The Revised Draft Development Plan 2034 (RDDP 2034) had earlier provided for 707.13 hectare of land for affordable housing in the form of reservations, the civic body said in a release. In fact, affordable housing has now been termed as social housing meant for economically weaker section, lower income group, mid-income group, and also includes rental housing. Going by the large number of requests from citizens, the committee has termed erstwhile no development zone (NDZ) lands, those do not fall in natural areas (NA), with unauthorized protected occupants termed as Special Development Zone I (SDZ I) land. For these lands, amended provision of slum rehabilitation 33(10) has been made applicable. The panel has also suggested that the successful online lottery system of disposal of Maharashtra Housing & Area Development Authority (MHADA) tenements could become the basis for MCGM to formulate its scheme of tenement disposal, it added.

JCB Group appoints Deepak Shetty as Dy. CEO & MD in India

The JCB Group has announced the appointment of Deepak Shetty as Deputy CEO and MD of JCB India. He has been with JCB for over 10 years in various leadership roles. He takes over the new assignment after having been Read More ...

Railway floats tender for ₹142-cr bridge in UP

To ensure smooth flow of train traffic on the Jhansi-Manikpur section in UP, North Central Railway has floated tender for the construction of two bridges on this stretch. The scope of work involves the construction of Read More ...

Embassy Parks fixes ₹1,500-cr realty space on radar

Embassy Office Parks REIT has decided to invest ₹1,500 crore over a period of time to add 2.6 million square feet of commercial space into its portfolio of 26 million square feet of operational office space. This additional Read More ...

India plans 13th Japanese industrial townships in Assam

To promote domestic manufacturing and strengthening economic ties between the two countries, India has decided to set up the 13th Japanese industrial township in Assam. Secretary in the Department for Promotion of Industry Read More ...

LiuGong India Appoints New President & Sr. Vice President

LiuGong India announced the appointment of A Krishnakumar as the new President – India effective July 2020 and Alok Jha as new Sr. Vice President – Sales & Marketing effective August 2020. A Krishnakumar brings with Read More ...

BMRCL launches ₹30,695-cr Phase-II of metro rail venture

The Bangalore Metro Rail Corporation has launched the tunnelling work on the Phase-II of the metro project involving an investment of ₹30,695 crore and the CM has set in motion the work by one Tunnel Boring Machine (TBM.) Read More ...

Dilip Buildcon bags ₹1,140-cr highway contract

Dilip Buildcon has bagged a road and highway project worth ₹1,140.50 crore in Telangana. The company has been declared as L-1 bidder in the tender floated by the National Highways Authority of India. The project, having Read More ...

NHAI invites bids for road linking Gurgaon-Mumbai expressway

To accelerate the construction work for the extension of Gurgaon-Mumbai expressway to DND Flyway in Delhi, NHAI has bid out first two packages from DND to Ballabhgarh where the work is scheduled to complete by mid-2023. NHAI Read More ...

Decks cleared for Metro Line 4 in Mumbai

Decks have been cleared to start the construction work on the Metro Line-4. The Bombay high court (HC) has allowed Mumbai Metropolitan Region Development Authority (MMRDA) to cut 357 mangroves for the construction Read More ...

KEC International wins ₹1,192-cr multiple contracts

MD and CEO Vimal Kejriwal informed that the RPG firm KEC International has won contracts worth ₹1,192 crore across its business segments in the domestic and international arena. The engineering firm has secured ₹821 Read More ...

NHAI steers ₹4,000-cr Chandigarh-Ludhiana NH project

NHAI has cleared a ₹4,000 crore project that includes faster connectivity to Chandigarh from Ludhiana. Ministry of Road Transport and Highways informed that this will be part of the upcoming Delhi-Amritsar-Katra Expressway Read More ...

MoRTH speeds up 401-km four-lane new NH project

The National Highway Authority of India has fast-tracked the project of building 401-km long four-lane highway project crisscrossing Andhra Pradesh and Chhattisgarh. The new road covering 90 km of length in Vizianagaram district Read More ...

AP unveils ₹16,000-cr metro corridor along coastline

The state government in Andhra Pradesh is contemplating to launch a metro rail on the Visakhapatnam coast at an investment of ₹16,000 crore. The DPRs for light metro rail and modern tram corridors is being prepared by the Read More ...

KMDA kick-start ₹600-cr flyover at Ruby crossing

Kolkata Metropolitan Development Authority (KMDA) has hastened the construction work of the 12m high flyover on an elevated corridor at Ruby crossing at an investment of ₹600 crore. The design for the six-lane Ruby flyover Read More ...

Mysuru-Chennai high-speed rail on the anvil

The railway has fast-tracked the 435-km long high-speed rail (bullet train) corridor between Mysuru-Bengaluru-Chennai. NHAI will acquire land to lay tracks for high-speed trains along the greenfield expressways for Read More ...

RBI infuses ₹5,000-cr in National Housing Bank

The Reserve Bank of India (RBI) has extended an additional liquidity facility (ASLF) of ₹5,000 crore to National Housing Bank (NHB). It is over and above ₹10,000 crore already provided for supporting the housing 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