Motilal Oswal secures ₹1,150-cr for realty projects

Motilal Oswal Real Estate (MORE) has generated ₹1,150 crore from high networth individuals to invest in housing and commercial ventures across six cities in the country. The fund raising exercise for its India Realty Excellence Fund IV (IREF IV) started in September 2018, and now the final closure has been achieved, revealed Director & CEO Sharad Mittal, who also said that that company has made an investment commitment of around ₹550 crore in nine projects from this fourth fund. Its average investment size is around ₹75 crore as about 80 per cent of its portfolio is residential projects and 20 per cent commercial. The company would be cautious in making further investments from its fourth fund and would wait and watch to understand the impact of global economic slowdown caused by the coronavirus outbreak, he said.

: Published: 22 April 2020

NHIDCL floats tenders for ₹277-cr highway in Sikkim

The National Highways & Infrastructure Development Corporation (NHIDCL) has floated tenders for a two-lane road project in Sikkim in the northeastern region. The scope of work includes the construction and upgrading Read More ...

Kolkata metro invites bids for ₹103-cr metro car depot

The Kolkata metro floated tenders for the construction of ₹103.1 crore New Garia Metro car depot, which will enable the crucial work as the completion of the depot is key to the truncated New Garia-Ruby Park (Hemanta Mukherjee) Read More ...

Komatsu Excavators works wonder for BRO's project

Around 20 units of the Komatsu PC210-8M0 Hydraulic Excavators worked arduously at over 17,000 ft high altitude for a new 80 km mountainous road to Kailash Manasarovar constructed by the Border Roads Organization (BRO) Read More ...

MoRTH disburses ₹18,700-cr to contractors in two months

To offset the adverse impact of Covid-19 on the road infra developers reeling under severe cash crunch, the ministry of road transport and highways (MoRTH) and the NHAI have adopted faster payment mechanisms and disbursed Read More ...

AIIB extending $3-bn financing for infra projects

Beijing-based multilateral funding agency AIIB is contemplating to provide loans worth USD 3 billion for various big-ticket infrastructure projects, including the Delhi and Meerut Rapid Rail, Mumbai Metro Rail and Read More ...

DFCCIL connecting Haldia Port with Ludhiana

A K Sachan, MD, Dedicated Freight Corridor Corporation Indian Ltd (DFCCIL) informed that being one of the most prestigious infrastructure projects in the country, the Dedicated Freight Corridor is a high priority area Read More ...

UP fixes funds for ₹36,000-cr Ganga Expressway

The state government in UP has planned to generate ₹2,900 crore from the Housing and Urban Development Corporation (Hudco) for the construction of 628-km Ganga Expressway project involving an investment of ₹36,000 crore Read More ...

Jewar Airport gets ₹5,000-cr infra booster

The Yamuna Expressway Industrial Development Authority (YEIDA) has signed an agreement to raise ₹5000 crore in three years for the development of residential and commercial projects in and around the upcoming Jewar Read More ...

MRIDCL unveils six lanes RoB in Reay Road

The Maharashtra Rail Infrastructure Development Corporation Limited (MRIDCL) has decided to build a six-lane road-over-bridge (RoB) between Reay Road and Dockyard railway stations. The bridge will have a width of 12 metres Read More ...

MoRTH approves ₹4,125-cr projects including a tunnel in U'khand

In a bid to decongest main cities in Uttarakhand, the Union transport ministry gave in-principle approval for the construction of a 2.74-km tunnel to be built in Mussoorie at a cost of ₹450 crore and other road projects Read More ...

PNC Infratech wins ₹1547-cr highway contracts

PNC Infratech has secured two highway contracts, parts of Delhi-Vadodara Expressway, involving an investment of ₹1,547.80 crore from NHAI. The projects have been secured on EPC basis under the Bharatmala Pariyojna and the Read More ...

NHIDCL floats tenders for ₹1,251-cr Bridge

The National Highways and Infrastructure Development Corporation (NHIDCL) has floated tenders for the widening of the NH-40 starting from Shillong to Tamabil linking Meghalaya with Bangladesh. Meghalaya Deputy CM, Prestone Read More ...

Decks cleared for ₹3,000-cr metro line in Kolkata

Decks have been cleared for the construction of Joka-Esplanade Metro line in Kolkata with the Ministry of Defence allowing the construction work in the defence land area. Defence secretary Ajay Kumar informed that the Metro Read More ...

Maligaon in Assam gets ₹420-cr four-lane flyover

In order to decongest the Maligaon area in Guwahati city, the transport ministry is set to start the construction work on the four-lane flyover involving an investment of ₹420 crore. The city gets congested during Read More ...

Quality Buildcon is lowest bidder for Patna Metro contract

The Delhi based Quality Buildcon has emerged as the lowest bidder (L1) among the seven other bidders for the construction of the New ISBT Depot of Patna Metro Rail project in the financial bids by DMRC. The scope of work Read More ...

Telangana takes up ₹523-cr elevated road corridor

Municipal Administration and Urban Development (MAUD) Minister KT Rama Rao laid the foundation stone for an elevated corridor worth ₹523.92 crore in Hyderabad. It will provide relief to traffic at IS Sadan junction and Read More ...