News

Joyville To Infuse Rs 400 Cr

Business conglomerate Shapoorji Pallonji’s real estate platform Joyville will invest around Rs 400 crore to develop Phase-III of its housing project in Gurugram, Haryana. Joyville is USD 200 million mid-income housing platform established by Shapoorji Pallonji, ADB,...

Odisha Govt Plans 25,000 Housing Units

The government of Odisha is planning to roll out housing projects with more than 25,000 dwelling units, mainly for lower and middle-income groups in Bhubaneswar and Cuttack. This will be one of the biggest housing stocks being built by the government at one go in...

Brixton Group To Set Up Smart City In Kochi

The Dubai-based Brixton Group has proposed to set up India’s first industrial smart city in Kochi, Kerala, at an investment of Rs 1,200 crore. The company expects to complete the project by 2023 and it will consist of five main sectors and 14 business divisions on 30...

L&T, IHI Infrastructure Systems Bags Contract

The National High Speed Rail Corporation (NHSRCL) has awarded contract for procurement and fabrication of 28 steel bridges (super structure) for crossing over railway lines, rivers, highways, road and other structures (P-4 Package) for the Mumbai-Ahmedabad High Speed...

NHAI Floats Tender For Economic Corridor

The National Highways Authority of India (NHAI) has floated tender for Delhi-Saharanpur-Dehradun economic corridor. The scope of work involves development of six lane access control greenfield highway of Delhi-Saharanpur-Dehradun economic corridor from design ch...

EPC Agreement Inked With NHAI

The Dilip Buildcon-Altis Holding Corporation (DBL-AHC JV) has executed an EPC agreement on 27 January 2021 with the National Highways Authority of India (NHAI) for an EPC project in the state of Rajasthan. The project involves construction of eight-lane...

Kerala Govt Completes 2.5 Lakh New Houses

The government in Kerala has announced completion of 2,50,547 new houses under the LIFE Mission, its flagship housing project that envisages total housing for all homeless in the state. The government has also plans to construct additional 1.5 lakh new houses in 2021...

GMR Airports To Raise USD 300 Million

GMR Hyderabad International Airport (GHIAL) has successfully priced an offering of USD 300 million bond in the international bond market. GHIAL, a subsidiary of GMR Airports and a step-down subsidiary of GMR Infrastructure (GMR Group), entered into a purchase...