Hiranandani diversifies into affordable housing

After a successful stint in commercial and luxury residential development, Mumbai-based Hiranandani Communities, a real estate firm of Niranjan Hiranandani, is diversifying into affordable housing and industrial warehousing parks. The company is negotiating with a strategic partner to start work on its first warehousing park spread across 5 million sq. ft on a 250-acre plot it owns in Pune. The plan is to create a new industrial warehousing business worth ₹3,000 crore over the next few years. Besides Pune, it is also working on building industrial logistics and warehousing parks in Chennai and Nashik, where it owns around 200 acres and 77 acres, respectively. It is also scouting for land at other warehousing hubs such as Bhiwandi (near Mumbai), Kolkata, the NCR and a few locations in Bangladesh. In December, Hirananandani had launched GreenBase, a warehousing and logistics parks vertical.

: Published: 19 April 2019

DMICDC Logistics Data Services appoints NEC’s Ichiro Oshima as new CEO

NEC Technologies India (NECTI) announced that DMICDC Logistics Data Services Limited (DLDS), a joint venture between Government of India represented by National Industrial Corridor Development and Implementation Trust (NICDIT) and NEC Read More ...

UP approves funds for ₹20,000-cr twin e-ways

The UP cabinet has approved ₹454 crore more for building two highways which will link backward regions of the state. The 296-km Bundelkhand Expressway and the 91-km Gorakhpur Link Expressway will cost ₹14,849 crore and ₹5,876 crore Read More ...

DMRC floats tenders for elevated metro corridor

Delhi Metro Rail Corporation (DMRC) has floated tenders for the design and construction of the 5.5km long elevated section of the 20-km Aerocity-Tughlaqabad corridor of the Phase IV project. The stretch will have four elevated stations Read More ...

M’rashtra clears ₹8,294.26-cr river linking project

The state government in Maharashtra has resolved to make Maharashtra drought-free by interlinking Wainganga and Nalganga rivers in Vidarbha and also planned to divert rain water in eastern Vidarbha to western Vidarbha. This project recently got Read More ...

Decks cleared for 900-km Chardham road project

Decks have been cleared for Char Dham highway project, which will connect four holy places in Uttarakhand through a 900-km all-weather road, with the SC clearing the decks by modifying an NGT order and that the apex court has allowed various works Read More ...

Arunachal pushes ₹900-cr road & highway project

Arunachal Pradesh has urged the National Highways and Infrastructure Development Corporation Limited (NHIDCL) to expedite the work on the strategic road which is being delayed for various reasons. In this connection, the state Read More ...

Railway fast tracks ₹137-cr Bridge on Yamuna

Troubled by speed restrictions of 30-km/hr and stoppage of rail traffic during the floods, Northern Railway in a latest move has decided to expedite work on the New Yamuna Bridge, which is being built parallel to the old one (Loha Pul), at an investment Read More ...

Ranchi metro rail project back on track

In view of the rapid expansion of the city, the state government of Jharkhand plans to build a mega metro rail project. The proposed monorail and metro project for Ranchi, which chief minister Raghubar Das had announced earlier, and was struck off Read More ...

Real estate awaits quicker eco clearance norms

Environmental clearance for real estate projects is being reduced to 60 days, said the Union Environment and Forests Minister. He said that small procedural delays are being eliminated without compromising on environmental concerns Read More ...

Assam pushes a flurry of bridge and road projects

In order to kick-start scores of road and bridge projects across the state, the Assam CM has urged the Union Transport Minister to launch the construction work of the bridge connecting Jorhat and Majuli for which the foundation stone has already Read More ...

Experts bet on J&K real estate market

The realty market of J&K is now open for non-residents. All standard rules and regulations of the Central government will apply in J&K, however, a state RERA policy must be formed to make the procedure and rules explicitly clear, said Anuj Puri Read More ...

Flexible Space Take-Up In India Reaches 4.6 Million Sq. Ft. In H1 2019

CBRE South Asia Pvt. Ltd, India's leading real estate consulting firm, announced the findings of its latest report titled 'India Flexible Space Digest – H1 2019'. According to the report, the overall flexible space take-up in India Read More ...

Wienerberger India Enables Significant Savings in Water Consumption at Construction Sites with its Novel Offering Porotherm Dryfix. System

As part of its strategic focus on developing sustainable and innovative processes in building construction, Wienerberger India has come up with a simple yet innovative solution through its Porotherm Dryfix. System that can help Read More ...

NHAI hastens Delhi-Jaipur road corridor

The Rajasthan government has fast tracked the process to acquire land for the northern corridor of the Ring Road connecting Jaipur-Agra NH with the Jaipur-Delhi National Highway. After identifying land in 26 villages of three tehsils Read More ...

WeWork forays into commercial realty space in Pune

While foraying into Pune’s commercial realty market, US-based co-working operator WeWork has taken on lease over 1.22 lakh sq.ft of office space to launch its 24th centre in the country. The company has taken over Panchshil Realty's Read More ...

200-acres of land parcels being auctioned in Hyderabad

The Hyderabad Metropolitan Development Authority (HMDA) has decided to auction 200 acres of land at Kokapet in Rajendranagar Mandal, which is expected to fetch it ₹5,000 crore. The state government is keen on auctioning the land Read More ...