Lulu Group rolls out multiple investment plans in India
Lulu group, which has built five shopping malls in India worth over ₹7,000 crore, now plans to develop about a dozen more malls as the group sees huge growth opportunities in the Indian retail sector. Director-shopping malls in India, Shibu Philips said that the group has five operational malls at Kochi, Trivandrum, Thrissur, Bengaluru and Lucknow, comprising about 3.7 million square feet of leasable area; six shopping malls are currently in the pipeline in Chennai, Ahmedabad, Prayagraj, Varanasi, Bengaluru & Noida; and the company is looking for land in Ahmedabad for a one million square feet mall and has planned a similar project in Chennai.

Philips informed that the Indian retail market is still "under-utilised" with the share of organised retail being still low as such the country is an extremely important market for the group. Country’s young population’s per capita income and consumption is increasing by the day. Last month, the group launched a large shopping mall, comprising 2.2 million square feet of built-up area and one million square feet of leasable area, in Lucknow.

About future expansion of mall business in India, he said that the company is planning to have smaller malls of around 0.5 million square feet in the major districts of Kerala and it is currently constructing malls in Kerala in Calicut, Kottayam, Tirur, Perinthalmanna and Palakkad. Some of these properties will be fully owned and some will be on lease basis. That apart, it is refurbishing an existing mall in Hyderabad which will be operational in early 2023. On planned investment for the second phase of expansion of mall business in India, he said the company is finalizing a roadmap and will be announced shortly.
ADB approves ₹1,066-cr for JNPT terminal upgrades
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) have signed a loan agreement worth USD 131 million (equivalent to ₹1,066 crore) to upgrade the Jawaharlal Nehru Port Container Terminal in Navi Mumbai

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NHAI invites bids for ₹1180.83-cr Atal Progressway in MP
The National Highways Authority of India (NHAI) has invited bids for the construction of a four-lane, access-controlled greenfield Atal Progressway (Chambal Expressway) in the Morena district of Madhya Pradesh. The project will be executed under the

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DMRC plans pedestrian subway to improve airport accessibility
The Delhi Metro Rail Corporation (DMRC) plans to construct a pedestrian subway to connect the Aerocity Metro Station with the nearby Mahipalpur area, improving accessibility to Indira Gandhi International Airport. The 270-meter-long subway will pass

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Elevated road with flyovers planned to alleviate congestion on South Delhi's Ma Anandmayee Marg
The Public Works Department (PWD) in South Delhi is planning to construct an elevated road with flyovers along the Ma Anandmayee Marg, which connects Kalkaji Mandir on the Outer Ring Road to the Mehrauli-Badarpur Road at the Lal Kuan T-point. The 5.5 km-long

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Union Minister inaugurates 28 NH Projects worth Rs 6,800-cr in MP
Union Minister Nitin Gadkari has inaugurated 28 national highway projects worth Rs 6,800 crore in Orchha, Madhya Pradesh. The projects have a total length of 550 km. The Minister for Road Transport and Highways stated that the construction of

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MoRTH to build ₹6,000-cr OFC infra along highways
'The Union Ministry of Transport plans to invest over ₹6,000 crore to develop an Optical Fiber Cable (OFC) infrastructure along 25,000 km of national highways in the next few years. The ministry has already invited tenders for the development of OFC

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New Noida Economic Hub to be Built Along Eastern Peripheral Expressway
The Uttar Pradesh government, in partnership with the Centre, is focusing on building a new economic hub in Noida-Greater Noida, known as New Noida. This area will be located on either side of the Eastern Peripheral Expressway and will feature two

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DMRC takes over general consultancy of Jaipur Metro
The Delhi Metro Rail Corporation (DMRC) has been appointed as a general consultant for the two upcoming corridors of the Jaipur Metro. The move is aimed at ensuring the quality and timely completion of the projects. DMRC has previously been

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MoRTH lines up ₹12,600-cr road infra projects in Gujarat
The Union Transport Ministry has announced a significant allocation of funds worth ₹12,600 crore for the construction of roads, bridges, and logistics parks in Gujarat. The central government will provide an additional ₹6,000 crore for the development

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CSMT Station gets ₹1,813-cr makeover in Mumbai
The Central Railway has begun construction on the redevelopment of the Chhatrapati Shivaji Maharaj Terminus (CSMT) railway station, with an investment of ₹1,813 crore. The project, which was recently inaugurated by the Prime Minister, aims to decongest the

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GPT Infra wins ₹270-cr contract for Rail Flyover construction in Allahabad
GPT Infraprojects, a premier infrastructure company and a division of the GPT Group, has secured a contract worth ₹270 crore from Bridge & Roof Company (India) for the construction of a rail flyover between the Allahabad and Bamrauli rail line. The scope of

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PM Modi launches ₹38,000-cr infra projects in Mumbai
Prime Minister Narendra Modi has inaugurated and laid the foundation stones for a series of infrastructure, transportation, and healthcare projects worth over ₹38,000 crore in Mumbai. He also dedicated the Mumbai metro rail Lines 2A and 7, worth around

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NHAI expedites ₹5,855-cr elevated corridor in Chennai
The National Highways Authority of India (NHAI) has fast-tracked the ambitious elevated corridor project between Chennai Port and Maduravoyal, which is expected to involve an investment of ₹5,855 crore. The 20.6-km long, four-lane double-decker elevated

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MMRDA floats tender for ₹11,000-cr Borivali-Thane Twin Tunnel Project
The Mumbai Metropolitan Regional Development Authority (MMRDA) has floated a tender for the construction of an 11-km-long Borivali-Thane twin tunnel project beneath the Sanjay Gandhi National Park. The project, which is expected to involve an

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RLDA invites bids for development of 22,182 sqm space in Bengal
The Rail Land Development Authority (RLDA) has invited bids for residential and commercial development on a 22,182 sqm parcel of land near the Bagdogra Railway Station in West Bengal. The land will be leased for 99 years and has a reserve price of ₹73

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Kolkata Port expedites ₹17,000-cr Great Nicobar port project
The Kolkata Port has released an Expression of Interest (EoI) for the country's first mega container transhipment port to be built in a phased manner at Galathea Bay in the Great Nicobar Islands. The project is expected to involve an investment of ₹17,000

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MMRDA fast-tracks ₹3,140-cr Eastern Freeway Extension Road
The Mumbai Metropolitan Region Development Authority (MMRDA) has accelerated the construction of the Eastern Freeway extension project, extending from Ghatkopar to Thane, with four entry-exit ramps at a cost of ₹3,140 crore. The 14-km extension will

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PM launches ₹6,000-cr infra projects in Karnataka
During a recent visit to Karnataka, the Prime Minister launched several construction and infrastructure projects worth a total of ₹6,000 crore. Included in these projects is the laying of the foundation stone for a 65.5 km section of NH-150C, a 6-lane greenfield

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Maharashtra clears ₹2,000-cr for road projects in Pune
The Maharashtra government has approved a budget of ₹2,000 crore for the construction of several roads, including the Katraj-Kondhwa road within the Pune Municipal Corporation (PMC) limits. The Deputy Chief Minister announced that the state government will

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₹30,274-cr Rapid Rail Project to connect Noida to Delhi & Meerut
The Delhi-Ghaziabad-Meerut rapid rail corridor project, which involves an investment of ₹30,274 crores, will provide direct access to the residents of Noida and Greater Noida through the Sahibabad, Ghaziabad, and Guldar stations. The trains will have a design

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