News

Banihal-Qazigund Tunnel In Kashmir Likely To Be Operational Soon

The ambitious double-tube tunnel from Banihal to Qazigund along the 270km long Jammu-Srinagar NH is currently going through the process of testing and commissioning and it is likely to become operational in coming weeks, the construction company officials said on...

Delhi-Jaipur Stretch Could Be India’s First E-Highway By Mid-2022

The e-highway project has been a keen focus area for Union Road Transport and Highways Minister Nitin Gadkari and the first stretch of e-highways is likely to be completed by mid-2022. An electric highway or electric road recharges the batteries of vehicles driving on...

About 1470Kms Of National Highways Constructed In The First Two Months Of FY 2021-22: MoRTH

There has been a massive push for highway construction in the last few years as the government of India is giving utmost priority to the development of infrastructure. The Ministry of Road Transport and Highways (MoRTH) has confirmed that about 1,470km of National...

Embassy Industrial Parks Acquired By Blackstone Real Estate In A $700-M Deal

Blackstone Real Estate took over Embassy Industrial Parks from Warburg Pincus and Embassy Group in a $700-million deal comprises 22 million sq. ft. of Grade A logistics and warehousing assets located in urban centres catering to tenants in major sectors. Asheesh...

Structural Boom This Decade Expected
For Real Estate Industry

The structural growth expected in housing over the next few quarters is likely to strengthen the real estate industry’s role towards the country’s economic prosperity. Deepak Parekh, chairman of Housing Development Finance Corporation, while speaking, was quoted as...

2-3 Million Sq. Ft. Development To Be Started By Sunteck Realty In FY21

In addition to the 5.6 million sq. ft. under development, Sunteck Realty is planning to start development of 2-3 million sq. ft. of real estate projects in this financial year, expecting a rise in demand in Mumbai Metropolitan Region (MMR). The company will also...

NHAI To Award ₹ 2.25 Trillion Projects This Fiscal Year

The National Highways Authority of India (NHAI) is planning to award projects worth around ₹ 2.25 lakh crore in the current fiscal. The authority awarded 141 projects (4,788 km) worth ₹ 1.71 lakh crore in 2020-21. The share of engineering procurement and construction...

Highway Construction In India To Hit Record Pace of 40 Km Per Day In FY21

Highway construction has already exceeded the current fiscal year’s target of 11,000 km (30 km per day), itself a record, and is poised to touch 40 km per day by the end of the year, Union Minister for road transport and highways Nitin Gadkari said on Wednesday. The...