MMRDA hastens ₹10,986-cr Metro 2B corridor

MMRDA
The Mumbai Metropolitan Region Development Authority (MMRDA) has finalized designs for the upcoming ₹10,986 crore Metro-2B (DN Nagar to Mandale) corridor, said RA Rajeev, metropolitan commissioner, MMRDA. On the upcoming route, the Vakola nullah bridge (80m and towards Kurla) will have a digital zero element as a dedication to Aryabhata. The bridge near Kalanagar will have two swords inspired by the Bhawani sword of Chhatrapati Shivaji Maharaj. This bridge, at the entry of the Bandra-Kurla Complex (BKC), will be 73m in length. For the 120 m Mithi River bridge, the authority is looking at a semi-circular structure representing the sky. The MMRDA is currently undertaking civil works for the project and has incurred a cost of Rs 196 crore on the corridor up till now.

Industry giants make beeline for J&K

Shortly after Article 370 was scrapped, both big and small firms namely Trident Group, Medanta Group, Reliance Industries, CureFit, and Policybazaar, have announced plans to invest in the Union Territory of J&K. From fitness centres Read More ...

MMRDA unveils integrated transport hub in Wadala

The Mumbai Metropolitan Region Development Authority (MMRDA) has recently secured approval from Brihamni Mumbai Electricity Supply and Transport (BEST) for setting up an integrated transport hub (ITH). The project has Read More ...

Delhi ranks high in luxury realty pricing

The NCR has ranked 10th globally in price movement of luxury housing properties, with rates rising by 4.4 percent annually during the second quarter of 2019, stated the Prime Global Cities Index report by property consultant Knight Read More ...

Hyderabad metro unveils Airport Express

Telangana will soon get an Airport Express metro rail link from Mindspace to Shamshabad airport with the state cabinet having cleared the project and construction work set to start soon, said fficial spokesperson KT Rama Rao. He Read More ...

IOC earmarks ₹25,000-cr for green energy generation

Indian Oil Corp ((IOC) plans to invest ₹25,000 crore in green energy projects, including wind and solar power plants, among others. The company has developed a road map and action plan to usher in clean and green energy generation Read More ...

UP infuses ₹600-cr in airport project in Ayodhya

The Uttar Pradesh government has fast-tracked a clutch of developmental projects in Ayodhya including a Sri Ram airport project, for which ₹600 crore has been released. The state government has up till now infused ₹1,000 crore Read More ...

PM rolls out ₹100 lakh-cr infra building plans

The PM has announced that ₹100 lakh crore will be spent towards infrastructure creation in the country as in the last five years his government has seen massive spending on roads, railways, water, irrigation and urban infrastructure Read More ...

Softbank sharpens realty plans in Punjab

Evincing keen interest in the real estate sector of Punjab, Japan's Softbank Group will be investing in Punjab's realty sector, with a focus on student housing through Indian hotel start-up OYO, which is backed by SoftBank Group. A high Read More ...

Hyderabad gets ₹10,000-cr realty investment

Hyderabad has secured about ₹10,100 crore worth of investments in its real estate sector since the beginning of 2015 till the first half of 2019 as against ₹1,800 crore from 2008 to 2014, a latest JLL study said. Focus on infrastructure Read More ...

AAI earmarks ₹19,000-cr for aviation infrastructure

Looking to upgrade India's airport infrastructure, the Airports Authority of India (AAI) has decided to invest about ₹19,000 crore in the next couple of years, claimed official sources. The investment is being made to improve runway capacity Read More ...

APIIC allots 2,600-acre for ₹15,000-cr infra projects

Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has allotted about 2,600 acres of land for four major projects being set up by Bharath Electronics Limited (BEL), National Academy of Customs, Excise and Narcotics (NACEN) Read More ...

Allianz launches $150-mn commercial realty expansion

Munich-based Allianz SE has committed $150 million to an office development platform managed by Godrej Group. The investment is part of Allianz's strategy to allocate 50-60% to its real estate exposure within the Asia Pacific to fast Read More ...

Delhi building ₹800-cr flyovers across Yamuna

PWD Delhi has decided to build two flyovers and an underpass in northeast Delhi en route to Ghaziabad, which will be commissioned in two years. The projects, estimated to cost ₹800 crore, have been approved by Unified Traffic and Read More ...

ADB invests $23-mn in GR Infra road projects

The Asian Development Bank (ADB) has signed an agreement to invest $23 million with GR Infraprojects Limited (GRIL) to help the company scale up its speed of construction of roads and highways through purchase of new construction equipment Read More ...

Sattva Infratech plans ₹500-cr affordable housing project

Realty firm Signature Sattva Infratech in a recent development has planned to invest ₹500 crore to develop its first project in Alwar, Rajasthan, under the state government's affordable housing scheme. The Gurugram-based firm has acquired Read More ...

NHAI clears ₹600-cr double-decker flyover in Pune

The National Highways Authority of India (NHAI) has finally cleared the double-decker flyover of MahaMetro on Kamptee Road entailing an investment of ₹600 crore. Metro work on the Sitabuldi to Kamptee Road stretch was stuck due to Read More ...
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