Decks cleared for ₹1,046-cr realty projects in NCR

realty projects
Supreme Court constituted Committee has allowed NBCC to start work on Leisure Park Phase one and two, Leisure Park- River View and Kingswood in Smart City, comprising 4489 units with a valuation of ₹1,046 crore. Last month, NBCC had started the process of completing nine housing projects of the Amrapali Group, including eight projects in Greater Noida - Leisure Valley Villas, Verona, Adarsh Awas Yojna, Golf Homes, Dream Valley Ph 1 Villas & Ph 2, Enchante, Terrace Homes and Tropical Garden in Centurian and Crystal Homes in Silicon at Noida, with a total of 27,223 housing units of valued at ₹.5,769 crore. Supreme Court, last year, had asked NBCC to start execution of two stalled projects to begin with, namely, Eden Park (Noida) and Castle (Greater Noida), comprising 618 iunits which the company has already completed and handed over. Apart from this, NBCC is currently executing 7 more projects in Noida and one in Greater Noida having a total of 12169 units and valued at ₹634 crore. More than 40,000 buyers were stuck with under-constructed projects, some for over a decade, after the Amrapali Group failed to deliver flats to the home buyers.

PM kick-starts ₹14,258-cr Road Projects in Bihar

Prime Minister, Narendra Modi, has laid the foundation stones of nine highway projects in Bihar through video conferencing. The total road length of these projects is about 350-km, involving an investment of Read More ...

NHAI plans to lay ₹1,200-cr four-lane Road in Tamil Nadu

The National Highways Authority of India (NHAI) is planning to build a four-lane road from Kurumbapalayam in Coimbatore district to Sathyamangalam in the Erode district, at an investment of ₹1,200 crore. The existing Read More ...

AAI to launch ₹995-cr Project in Arunachal Pradesh

The Union Ministry of Development of North Eastern Region informed that the Airports Authority of India is set to inaugurate a greenfield airport in Hollongi, Arunachal Pradesh, at an estimated cost of ₹995 crore Read More ...

L&T Realty forays into Commercial Market of Chennai

To make the most out of the emerging business avenues in the commercial real estate segment in the South, Larsen & Toubro Realty has planned to build its maiden commercial project in Chennai. The 6.85 million sq ft Read More ...

MoRTH approves ₹1,034-cr for Road upgrades in Bihar

Union transport minister has approved funds of ₹1,034 crore for repair and maintenance of two National Highways in Bihar and has issued orders to prepare the detailed project reports (DPRs) for five other projects Read More ...

Assam to get new Flyover at Maligaon Chariali, Guwahati

Assam state government has announced the construction of a four km long new flyover in Guwahati involving an investment of ₹321 crore 41 lakh. The State Minister, Himanta Biswa Sarma, informed that the flyover will Read More ...

Prestige Group announces the launch of Realty Project in Bengaluru

Prestige Group has announced the launch of its third premium residential property - Prestige Waterford at Whitefield in Bengaluru. Prestige Group has achieved a key milestone with the virtual launch of three Prestige Read More ...

Tata Projects emerges as Lowest Bidder for ₹889-cr Parliament Building Contract

Tata Projects has emerged as the lowest (L1) bidder for the construction of the new Parliament building in New Delhi involving an estimated investment of ₹889 crore. Out of the seven companies, which placed their technical Read More ...

CCEA approves ₹5,617-cr Orbital Rail Corridor Project in Haryana

The Cabinet Committee on Economic Affairs, headed by the PM, has approved the 121-km long Haryana Orbital Rail Corridor project connecting Palwal to Sonipat at an investment of ₹5,617 crore. The project, which is to Read More ...

NCC emerges as Lowest Bidder for Patna Metro Contract

The Delhi Metro Rail Corporation Limited (DMRC) opened the financial bids of the civil contract package PC-01 which was floated for the construction of 6.107 km stretch between Malahi Pakri – New ISBT section of the corridor Read More ...

IRB Infra inks pact with NHAI for ₹1,755-cr Vadodara-Mumbai Expressway

IRB Infrastructure Developers has entered into a pact with NHAI for executing a stretch of Vadodara-Mumbai Expressway in Gujarat at a cost of ₹1,755 crore for a project under the Bharatmala Pariyojna Phase 1. VM7 Read More ...

Tehri Lake to get over 230-km long Ring Road in Uttarakhand

Uttarakhand government has planned to build an over 230-km long ring road along Tehri Lake to bolster tourism in the rural heartland of the state which has a huge potential of becoming the future international tourism Read More ...

BMRCL floats PMC bids for 55-km long Metro Line

Bangalore Metro Rail Corporation (BMRCL) has invited bids to appoint a Project Management Consultant (PMC) for carrying out the civil construction works of Bangalore Metro's 55 km Line-5 (Blue Line) which will connect Read More ...

Survey work for Kozhikode-Wayanad Tunnel Road begins

The Kerala Government has initiated the survey works for the longest tunnel road in the state, connecting Kozhikode and Wayanad districts at an investment of ₹658 crore and the project is being financed through Read More ...

NHAI hastens ₹7,400-cr Mysuru-Bengaluru Expressway

The 118-km and ten-lane expressway between Mysuru and Bengaluru of ₹7400 crore has been fast-tracked by the NHAI and it is likely to be completed by 2022. NHAI Superintendent Engineer, Sridhar, informed that after Read More ...

thyssenkrupp inaugurates new Engineering Office in Pune

The thyssenkrupp group has inaugurated its new engineering office in Pune, India. It was inaugurated by Dr Sami Pelkonen, CEO thyssenkrupp Business Unit Chemical & Process Technologies Germany (tkIS- CPT) and P D Samudra Read More ...
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