real estate project
Singapore-based sovereign wealth fund GIC has decided to invest ₹2,800 crore in a commercial project in Bengaluru being built by the Bhartiya Group. In return, GIC will pick up 3 million sq. ft. of commercial assets in Bhartiya City, a 125- acre township project, along with some revenue from its facility management business. Bhartiya City’s commercial property has offices of some big players like IBM and Infosys.

GIC is the world's sixth largest sovereign wealth fund with $440 billion in assets under management and the newest would be its second largest deal in south India this year. Together with the Brigade Group, the fund is also in the final stages of buying 5.5 acres of prime property from the TVS Group along Chennai's famous Mount Road (Anna Salai) in a deal worth over ₹550 crore and has also recently invested over ₹5,500 crore in Reliance Retail Ventures. It is worth mentioning here that private equity investments continue to be driven by foreign investors, whose pension and sovereign funds are betting on income-yielding assets in the office, retail and industrial sectors. Global funds like Blackstone, Hines, Brookfield Asset Management, Ascendas, CPPIB, Mapletree, and Goldman Sachs are going all out to expand their portfolios in India.
The Union Shipping Ministry has targeted a pipeline of 81 public private partnership (PPP) projects worth ₹42,300 crore for developing berths and

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The Union Transport Minister has laid the foundation stones for eight National Highway Projects involving ₹3,000 crores in Godawari, Andhra Pradesh

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The Maharashtra Metro Rail Corporation Limited (Maha Metro) has submitted a DPR to the Pune Municipal Corporation for the construction of

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The Union Railway Ministry has approved the rail line connecting Sangareddy with Medak to Jogipet involving an investment of ₹2,000 crore. It will

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The National Highways Authority of India has floated tenders for multiple road infra projects involving ₹1,897.47 crores. It has invited bids for the

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German transnational company, Continental Automotive, has bought 8.5 lakh sq. ft office space in Bangalore for around ₹850 crore. The office property in

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The Noida Authority has decided to restart the construction work of the Chilla elevated road corridor starting from Sector 14A Chilla regulator near Mayur Vihar

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A contract for USD 136 million Maldives Hanimaadhoo International Airport Development Project was signed between the Government of Maldives and JMC Projects

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Due to the government’s current Covid-19 policy and Messe Muenchen’s concern for the health and safety of the exhibitors and visitors

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Kolkata Port, which is also known as Syama Prasad Mookerjee Port, has appointed a consultant to carry out a techno-feasibility study for a tunnel under Hooghly

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AA Holdings has partnered with Logiy Spaces to build ₹400 crore Industrial and Logistics Park in Karnataka. The project, spreads across one million square feet

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Kerala government has planned to build a sports city on an area of 50 acres at an investment of ₹2,000-crore in the Ernakulam district in a phased manner

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Brihanmumbai Municipal Corporation (BMC) has floated tender for the construction of ₹350 crore bridge between Juhu Versova Link Road (JVLR) and Mayor Hall

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Ashoka Buildcon has received a letter of acceptance (LoA) from the South Western Railway (SWR) involving an investment of ₹258.12 crore. It involves the

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India will get its first undersea tunnel as a part of the Ahmedabad-Mumbai high speed rail (bullet) train project. NHSRCL, which is implementing the project

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National Highways Authority of India has been tasked to construct triple-deck flyovers — two flyovers and a metro lane — on the city's national highway segments

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Birla Estates will develop a housing project on 10 acres of land parcel in Bengaluru. It is located at Raja Rajeshwari Nagar, South Bengaluru and requires a

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Chennai Metro Rail in an official statement said that its Phase II will cover 118.9-km long network, covering another 93 km extension up to Parandur, the site for a greenfield airport. In fact, three corridors have been planned with an investment of ₹61,843 crore

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M.S.Ramaiah Developers and Builders (MSRDB) has decided to invest ₹3,000 crore to expand its retail and commercial real estate footprint across Bangalore, Goa, and Andhra Pradesh. With the targeted investment the company is doubling its retail and commercial

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The Karnataka government has announced that the existing Bidar-Ballari road will be widened to a four-lane express highway for improving road connectivity in the region. Steps have been initiated to build airports in Raichur and Ballari and adding a ring road

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