GMR Infra earmarks ₹350-cr for biz-park in Hyderabad

GMR
GMR Infrastructure has planned to invest about ₹350 crore to set up its first office park on an area of over 1 million sq ft in Hyderabad in a phased manner. The group, which operates the Delhi and Hyderabad airports and has other infrastructure businesses in India, has been looking to monetize several non-core assets, including land parcels, to ensure adequate flow of funds to pare its debt and financing requirements for the on-going and upcoming projects, informed GMR's group CFO (strategic finance), Sushil Kumar Modi. Located in the vicinity of Rajiv Gandhi International Airport in Hyderabad, the 7-acre business park is being built as part of its planned GMR Airport City on a 1500-acre real estate development that would consist of hotels, retail space, logistics, entertainment, healthcare and educational institutions. Including the airport, GMR Airport Land Development - a subsidiary of GMR Infrastructure currently owns around 5,000 acres in Hyderabad comprising of five towers, with each spanning 2.4 lakh sq ft.

Schwing Stetter enters the mobile compact crushing space; joins forces with Rubble Master of Austria

Schwing Stetter India (SSI), signed a strategic partnership with global leader Rubble Master HMH GmbH, to enter the mobile compact crushing business. The partnership follows both the companies' recent participation in Bauma 2019 Read More ...

India poised to house 10 fastest growing cities in world

By 2035, the top 10 fastest growing cities in the world will be from India, stated a report by Oxford Economics. These are Surat, Agra, Bengaluru, Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirapalli, Chennai and Vijayawada. Taking the Read More ...

Govt takes over 3 road projects of debt-ridden IL&FS

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GMDA plans three roads at Udyog Vihar industrial hub

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World-class upgrades for Greater Noida e-way

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AFD inks Euro 100-mn MoU for Agartala Smart City

As a part of Agartala city development initiative under Smart City Mission, a team of Agence Française de Développement (AFD), French development bank, has signed an agreement with India to provide a loan of 100 million euros for 15 smart city Read More ...

Warbug-Runwal unveils $200-mn retail investment plan

Close on the heels of investing over $1-billion in Indian malls by US private equity (PE) firm Blackstone, another global PE player Warbug Pincus has indicated plans to pump a similar amount in malls together with its partner the Runwal group based Read More ...

Retail realty doubles investment to $1.2-bn in two years

India's retail real estate sector attracted private equity investment worth $1.2 billion in the past two years, doubling from the previous two years, according to Anarock property consultant, attributing the sharp rise in private equity Read More ...

CREDAI demands quicker clearances in Chennai

With real estate and housing sector facing various challenges in the country, the Confederation of Real Estate Developers Association of India (CREDAI) Tamil Nadu chamber has stressed the need for a single-window clearance for Read More ...

TSPD expands operational ambit into housing sector

After carving out a niche in setting up fuel stations, spas and food courts, the Telangana State Prisons Department has recently forayed into housing development for middle and lower middle class families. The activity is being Read More ...

KMRL cruises ahead with ₹1,987-cr Phase-II expansion

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NOIDA unveils twin metro connects to National Capital

The Greater Noida Industrial Development Authority (GNIDA) is planning two new Metro links to connect to the capital city. The plan is to extend the Delhi Metro Rail Corporation‘s (DMRC) Blue Line from Noida City Centre into a loop Read More ...

Plans afoot to widen NH-29 road stretch in Nagaland

In order to widen the National Highway 29 from Purana Bazaar to Chümoukedima stretch at Dimapur in Nagaland, the authorities have fast tracked the process of resolving pressing issues related to the 4-lane construction of the road Read More ...

LMRC marches ahead with ₹8,415-cr Agra metro rail project

Expanding the metro rail network across cities, the Lucknow Metro Rail Corporation (LMRC) is set to start construction of the Agra metro rail project involving an investment of ₹8,415 crore. It will provide respite from traffic congestion Read More ...

NHAI fixes ₹3 trillion roads & highways on radar

In a strategic move, NHAI has decided to consider only those projects that require minimal land acquisition. This is due to the increased compensation costs after the new Act — the Right to Fair Compensation and Transparency in Read More ...

Japan injects $5-bn in India's infra sector

In a major funding push, Japan has agreed to invest $5 billion in the current fiscal in the country's infrastructure sector covering surface and water transport, and power projects. More than 60 percent of the investment will be Read More ...
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