IGI airport heads for ₹9,800-cr upgrade

IGIAirport
To cater to increasing number of passengers at the IGI airport in Delhi, the GMR-led consortium has decided to invest ₹9,800 crore towards construction of a fourth runway, expanding parking stands for aircraft to 82 meters from the current 55 meters and increasing the airport’s handling capacity to 140 million passengers annually. The Delhi airport is run by the Delhi International Airport Ltd (DIAL), which is a consortium of the GMR Group, the Airports Authority of India and Franport. The consortium has the mandate to finance, design, build, operate and maintain the airport for 30 years with an option to extend it by 30 years. In the proposed new plan, the entire T1 apron will be demolished and a new and expanded structure constructed to provide for 82 aircraft stands, informed Deputy Managing Director, GMR Group, Prabhakara Rao. The progressive completion of the T1 apron will be from July 2020 to June 2022. The arrival and departure terminals in T1 will be integrated under one roof. Plans are also afoot to build a flyover at the aerocity metro station junction to reduce travel time between Terminal 1 and Terminal 3. L&T has been entrusted with the entire EPC work in the latest phase of development for which work has already started.

Railway targets ₹7,500-cr under TOD scheme

Indian Railways has targeted ₹7,500 crore from three land parcels near metro stations in Delhi through monetization under the Transit Oriented Development (TOD) scheme. The Rail Land Development Authority (RLDA) has written Read More ...

AUDA earmarks ₹1,431-cr for urban infrastructure

Ahmedabad Urban Development Authority (Auda) has chalked out an ambitious plan to invest ₹1,431 crore for construction of new housing units, bridges and roads, and new drainage lines. In addition, the urban development Read More ...

HDFC sets up ₹250-cr fund for residential housing

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4iR R&D alliance between Highbar of India and eGeneration of Bangladesh

The India-Bangladesh Business Forum aims to accelerate bilateral ties by transfer of knowledge and technology between the two neighboring nations. This year, the forum assembly was highlighted by a landmark 4iR R&D alliance Read More ...

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

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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

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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

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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

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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 ...
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