Wadhwa secures Rs.2,000 cr for realty projects

Wadhwa Group
Wadhwa Group, which is launching six new residential projects, has secured funding commitment worth Rs.2,000 crore from Piramal Fund Management to cater to the investment requirement of the upcoming projects. The investment will be made in the form of lease rental discounting that will refinance the developers existing debt facilities. The developer had availed Rs.1,200 crore debts funding through lease rental discounting at three of its commercial projects. The financing transaction is expected to be concluded shortly. The refinancing will also allow the developer to consolidate its earlier lease rental discounting finance that was availed from several banks. Piramal usually offered funds against income-producing commercial assets such as office properties, retail malls, and logistic parks. Wadhwa Group has score of commercial projects with leasing space of around 2 million sqft, mainly in Mumbai‘s secondary business district Bandra-Kurla Complex (BKC).

Govt kickstarts ₹2,428-cr housing project on K G Marg in New Delhi

Union Minister of Housing and Urban Affairs has launched the redevelopment of Kasturba Gandhi Marg GPRA project where the residential complex is to be constructed by the CPWD at a cost of ₹2,428 crore, in two phases. This Read More ...

NBCC launches reconstruction of ₹4,525-cr complex in Delhi

In a bid to reduce debt of Air India by ₹4,500 crore through redevelopment of its residential colony in Vasant Vihar areas of Delhi, NBCC has submitted a detailed plan for monetization of the 30-acre space involving an Read More ...

GPL lines up ₹5,000-cr for residential & retail realty projects

According to executive chairman of Godrej Properties (GPL), Pirojsha Godrej, the company intends to invest ₹5,000 crore in the next two years, mainly on construction of mid income housing. In fact, shortly after clocking Read More ...

Kerala cruises ahead with ₹50,000-cr infra building plans

The Kerala government has readied an ambitious ₹50,000 crore plan not just to tackle the economic slowdown but also to give a major push to infrastructure building across the state. State FM Thomas Isaac said that the original Read More ...

Govt unveils Metrolite system on Phase-IV corridors

The Ministry of Housing & Urban Affairs has decided to introduce Metrolite system for three corridors of Delhi Metro Project Phase IV. These will include Inderlok to Indraprastha, Lajpat Nagar to Saket G Block and Rithala- Read More ...

DFCCIL-UP inks MoU to build 29 RoBs

A MoU for construction of Road Over Bridges has been inked by DFCCIL, state government of UP, and the North Central Railway to build 29 RoBs on the Eastern Dedicated Freight Corridor on a cost-sharing basis in the state Read More ...

BRO concretizing Zojila tunnel on Srinagar-Leh highway

The Border Roads Organization has decided to concretize the Zojila tunnel section of the Srinagar-Leh national highway for easy passage of small and heavy vehicles and protect the strategic road that is vulnerable to landslides Read More ...

Five architecture firms in fray to rebuild Parliament House

Five Indian architecture firms are in the race for the Centre's ambitious plan to redevelop the Parliament building and the Central Vista. Prior to this, the Union Housing and Urban Affairs Ministry had invited proposals Read More ...

Kalyan Developers launches three projects in Kerala

Kalyan Developers is all set to start construction of three new premium residential projects in Kerala's Thiruvananthapuram, Thrissur and Kochi areas. The projects named 'Gateway' (Thiruvananthapuram), 'Meridian' (Thrissur) Read More ...

Railway approves double tracks on Ludhiana-Mullanpur lines

The Northern Railway Board has sanctioned the proposal for laying double-lane tracks to run more long-distance high-speed trains on the Ludhiana-Mullanpur-Ferozepur rail route. Construction of the ₹20 crore project will Read More ...

Bachchan enters building biz; plans two projects in Mumbai

Amitabh Bachchan has reportedly marked his entry into the real estate business with a 25 percent shareholding in Anand Pandit's next two projects. One is a five-star business premise in Andheri West, and the other Read More ...

Govt and construction equipment makers to discuss eco norms

The Union government plans to hold discussions with CE manufacturers on development of clean fuel variants. The move comes in the wake of EPCA advocating clean fuel in the CE sector with an upgrade from BS-III to BS-IV fuel emission norms Read More ...

Govt approves ₹1,400-cr airport in Gujarat

The Centre has given its approval for developing a commercial airport in Kutch, Gujarat, at a cost of ₹1,400 crores. Mundra International Airport Pvt Ltd has secured clearance from the Union Environment Ministry, subject to compliance of certain Read More ...

Karnataka takes PPP route to redevelop slums

The Karnataka government is taking the PPP route to build four lakh houses for slum-dwellers across the state as part of its slum redevelopment program. The draft of the policy will soon be brought before the CM and housing minister Read More ...

BCM realty enters B'luru; plans 1.2-mn sqft project

Indore-based BCM Group has forayed into Bengaluru's real estate market after inking a JV ith manufacturing firm Natesh Impex to develop a 1.2-million sq ft commercial-cum-retail project at Yeshwantpur. MD, BCM Group Read More ...

CPWD sets up cross-country P&D Centres

The Central Public Works Department (CPWD) has set up dedicated Planning and Design Centres across the country. Chief Architect (Planning and Design) will look after the designing work of not only a particular project 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