mahindra lifespaces and actis
Actis and Mahindra Lifespace Developers have entered into an agreement to set up a joint platform for developing industrial and logistics real estate facilities across India. The total investment in the business over the initial years, including debt, is estimated to be ₹2,200 crore. Actis will own a majority stake, and Mahindra Lifespaces will have a significant minority stake.

Ashish Singh, Partner and Head of India and SE Asia Real Estate, Actis, said, “The warehousing sector in India is in early stages of a transformation, rapidly gaining scale while also undergoing modernisation. As experienced builders and operators of sustainable new economy real estate, Actis sees enormous growth potential in the sector as India grows to become the third largest consumption economy globally by the turn of this decade.”

“We are witnessing strong and accelerating demand for Grade A warehousing and manufacturing facilities from both multinational and Indian clients. With our experience in building and operating thriving integrated cities and industrial parks and our ready-to-market plug-and-play infrastructure in Mahindra World Cities in Chennai and Jaipur, we are well-positioned to cater to this demand,” added Arvind Subramanian, MD and CEO, Mahindra Lifespaces.
Nitin Gadkari inaugurates bauma CONEXPO 2023
Union Road, Transport and Highways Minister Shri Nitin Gadkari on Tuesday inaugurated baumaCONEXPO 2023 at India Expo Mart, Greater Noida highlighting the importance of construction equipment industry for the growth of the

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NHAI starts tunneling work on 464-km NH in Chhattisgarh
The National Highway Authority of India has begun building a 2.79 km tunnel in Kondagaon, Chhattisgarh, under the Bharatmala Project. The tunnel, the largest in Chhattisgarh, will connect Raipur to Visakhapatnam and reduce travel time from 13 hours

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DLF to launch 1,100 residential units in Gurgaon
Real estate giant DLF is starting construction on a luxury housing project in Gurugram with an estimated revenue potential of Rs 7,500 crore. The company plans to develop 1,100 apartments in the residential project located in Sector 63. The demand for real

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BRO plans new bridge across Indus connecting east Ladakh
The Border Road Organization is building a new concrete bridge at Loma across the Indus River to facilitate the movement of heavy military equipment to eastern Ladakh. The road from Chushul to the Loma Bridge is currently unpaved and outdated, but with

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CICEE 2023 Spring Symposium held in Beijing
The Organizing Committee of the Changsha International Construction Equipment Exhibition (CICEE) held a Spring Symposium in Beijing. Representatives and experts from various national business associations, such as the China Construction Industry Association

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King Willem-Alexander Opens New ELEO Battery Facility
His Majesty King Willem-Alexander of the Netherlands officially opened ELEO's new battery facility with a ceremonial unveiling using an electric excavator. The event, which took place at the Automotive Campus in Helmond, Netherlands, was attended

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Kohler celebrates 150 years of bold moves, creativity & impact
Kohler Co., a company founded in 1873, is known for its innovative products for kitchen and bath spaces, energy-efficient solutions, luxury hospitality experiences, and championship golf. The company's teams of creative designers are the driving force

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BRO to build 135-km Chushul –Demchok highway along LAC
The Border Roads Organisation (BRO) has recently invited bids for the construction of the 135 km long Chushul-Dungti-Fukche-Demchok highway, also known as the CDFD road along the Line of Actual Control (LAC) starting from Chushul to Demchok matching to

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NHAI floats tender for ₹952-cr Ambala RR project
The National Highways Authority of India (NHAI) has floated a tender for the construction of a 22.5-km long stretch, which is a part of the Phase-II of the Ambala ring road project aimed at decongesting the traffic scenario in and around Ambala city

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Railway unveils elevated inter-city semi-high-speed trains
Indian Railways is planning to construct intercity elevated semi-high-speed tracks for passenger trains on popular routes such as Delhi-Jaipur, Mumbai-Pune, Bangalore-Chennai, and Delhi-Amritsar via Chandigarh. The project, which is expected to cost

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CMRL secures CRZ clearance for Metro-3 Corridor
Chennai Metro's Corridor-3 has received clearance from the Ministry of Environment, Forest and Climate Change's expert appraisal committee for the construction of portions on the 45.8km route, from Madhavaram Milk Colony to Siruseri Sipcot. The

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NHAI takes over ₹500-cr Kullu-Naggar-Manali Left Bank Road project
The National Highways Authority of India (NHAI) has taken over the construction work of double-lanning the 38-km long Kullu-Naggar-Manali left bank road from the state Public Works Department (PWD). The project, which will involve an investment

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IRB Infrastructure secures ₹909-cr road project in Tamil Nadu
IRB Infrastructure Developers has announced that it has secured a road project worth ₹909 crore in Tamil Nadu, in the southern region of the country. The company will build the project using the Hybrid Annuity Model and has received an appointed date from

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Vasavi Group unveils 8.5m sqft gated community project in Hyderabad
The Vasavi Group has launched a new gated community project in Hyderabad, named Ananda Nilayam. The project will consist of 11 towers with 33 floors each, located opposite the LB Nagar Metro Station on the outskirts of the city. The project will span

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MoRTH plans ₹2,000-cr highway upgrade in MP
The Union Transport Minister has announced the construction of a 105-km long, four-lane greenfield road from Bamitha to Satna. The project will require an investment of ₹2,000 crore. This road will greatly boost tourism in the areas surrounding Tikamgarh

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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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