STC of Italy secures Dharvi slum project worth ₹22,000-cr

Dharvi Slum Project
The ambitious Dharavi Redevelopment Project has finally been awarded to Dubai-based Seclink Technology Corporation (STC) at an investment of ₹22,000 crore. The mega housing project is located close to suburban railway stations and Mumbai's Bandra Kurla Complex business district as such the treasure trove bustling area alone commands a land value worth ₹10,000 crore.

The slum project to be redeveloped with 80 per cent private stake and 20 per cent contribution from Dharavi Redevelopment Authority STC has already cleared the technical scrutiny. The bid winning firm's current plan is to use 200 acres for rehabilitation of residents and commercial units, 100 acres for a large garden and 300 acres for constructing commercial complexes. The plan promises 350 sq ft houses for the slum's dwellers even as earlier estimates of 58,000 required tenements have gone up to 1 lakh but the company is backed by the royal family of the United Arab Emirates (UAE) and funds are not likely to be the problem. While the land use plan for the slum is ready, STC is to prepare the master plan, with the project expected to be completed in nine years.

One-week online faculty program on Performance of Engineering Structures Under Extreme Loading from 8th to 13th June 2020

Department of Civil Engineering, Vignana Bharathi Institute of Technology (Autonomous), Hyderabad is organizing a One Week Faculty Development Program on “PERFORMANCE OF ENGINEERING STRUCTURES UNDER EXTREME LOADING (PESUEL-2020)" Read More ...

MoRTH fast-track ₹35,000-cr Katra-Delhi expressway

The first-of-its-kind Katra-Delhi Express Road Corridor involving an investment of ₹35,000 crore is all set to e commissioned by 2023, Union minister Jitendra Singh, said, elaborating that the corridor will reduce the Read More ...

Kerala floats tenders for ₹1,621-cr road & flyover project

The state highways department in Kerala has invited tender for the ₹1,621.3-crore Avinashi Road flyover project for which the tender will be finalized on July 18 and the flyover work will be completed in four years Read More ...

NOIDA Metro invites bids for ₹2,682-cr extension

Noida Metro Aqua Line is all set for an expansion and has recently floated tenders for extension of the Noida Metro rail network. The network is set to be extended with five more metro stations namely, Noida Sector 122 Read More ...

BMRCL launches tunneling at Shivajinagar & Vellara junctions

Launching work on Phase II of BMRCL's extension, underground metro line, the Bangalore Metro Rail Corporation Limited (BMRCL) has launched tunneling work and deployed four tunnel boring machines for the purpose Read More ...

YEIDA plans six lanes road connecting Yamuna e-way

The Yamuna Expressway Industrial Development Authority (Yeida) has decided to build a six-lane road directly connectivity Yamuna Expressway and the upcoming international airport at Jewar. It will also construct a six Read More ...

MMRDA invites bids for ₹139-cr Metro Line 7 contracts

The Mumbai Metropolitan Region Development Authority (MMRDA) has invited three separate bids for works of Mumbai Metro Rail Project Line-7. The scope of work involves external facade works for four elevated stations Read More ...

NHAI unveils 1,735-km long NHs as model roads

National Highway Authority of India (NHAI) is planning to develop 57 highway stretches across the country in and around the states' capital areas as model roads with a length of about 1735 km. The roads aimed at helping Read More ...

NMRCL floats bids for ₹430-cr project

In an attempt to build hassle free transport facilities in the area, the Noida Metro Rail Corporation (NMRCL) has invited bids for works of Noida-Greater Noida Metro Rail Project in UP in the NCR region. The scope Read More ...

Deconstructing a slump - The construction industry in a pandemic-hit fiscal

The extended lockdown to stem the Covid-19 pandemic has compounded India’s growth woes. Along with external risks such as weak global demand, supply disruptions, and global financial shocks, the economy now faces factory Read More ...

Telangana takes up ₹2,518-cr road & bridge projects

In order to build trouble free road network across the state including its rural heartland, the government in Telangana has decided to invest ₹2,518 crore on building 1,875 mandal headquarters roads and will also convert Read More ...

Kochi Metro Rail plans Phase-II extension

The Kochi Metro Rail Ltd (KMRL) has decided to extend the existing metro rail project into phase two of the project starting from Jawaharlal Nehru stadium to Kakkanad and is hopeful about getting the required Centre Read More ...

WeWork-CBA seals office space deal Bengaluru

WeWork India is all set to seal a 2,400 seats office deal with Commonwealth Bank of Australia at WeWork's Manyata tech park facility in Bengaluru. The workspace will be fully equipped by WeWork and has a 4 years lock-in period Read More ...

Relief Package is insufficient for road developers: ICRA

The credit rating agency, ICRA in a recent announcement said that the relief measures extended by the Ministry of Road Transport and Highways (MoRTH) are insufficient for road developers who did not collect toll tax Read More ...

Decks cleared for ₹230-cr Tidel Park in TN

After a series of legal hurdles and delays, construction of the over two decades old Outer Ring Road project is set to start shortly and is expected to be commissioned as quickly as possible. The project has paved the way Read More ...

AP approves DPR for tram system in Visakhapatnam

The AP government has approved the lowest financial offer of ₹337.67 lakh quoted by Urban Mass Transit Company Limited (UMTC) for preparing a Detailed Project Report (DPR) for a project, which is aimed at extending the modern 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