Cities
Delhi Metro said in a Tuesday announcement that it has completed the boring of two twin tunnels on the Janakpuri (West)-Botanical Garden corridor. The announcement implies that the work on Phase III is currently in full swing, in the wake of its approaching 2016 completion deadline. According to the announcement made by Delhi Metro, the [...] Continue Reading »
An amount of Rs. 400 crores (US$ 66 million) will be invested by Singapore-based realty investment division of The Xander Group in Supertech Ltd’s Township and Group Housing projects in Sector 79, Gurgaon. With the Supertech Township located at a strategic location in one of the fastest growing sectors south of the NH-8, the township [...] Continue Reading »
The Golden Gate Properties which is a leading property developer in the south has announced about the launch of its new project Presidential Tower in Yeshwantpur, Bangalore. The project which will be built at 50 storeys and 151 metres high will be the tallest residential tower in Bangalore, as stated by the developers. It is [...] Continue Reading »
The City and Industrial Development Corporation (Cidco) will soon build a modern township. It will take up the pilot project of 38 sq km on the 600 sq km of the Navi Mumbai Airport Influence Notified Area (NAINA), close to the new airport in Panvel taluka. The plot earmarked for the pilot project, is as [...] Continue Reading »
Within the end of the year, you might find yourself walking into one of the now unused buildings in your neighbourhood to watch a movie. The Corporation officials have identified land and buildings in several neighbourhoods to set up air-conditioned Amma theatres that will offer tickets at less than 25 which are very cheap as [...] Continue Reading »
Months after scrapping the relaxation the previous Left Front government had given on land holdings beyond ceiling, the Mamata Banerjee government has taken a similar route to boost urban infrastructure. Another new decision has occurred as all building plans will be sanctioned online from now on. The government has come up with a policy for [...] Continue Reading »
Post a hiatus of nearly five months, the stalled tendering process for the Rs 23,126-crore Colaba-Bandra-Seepz Metro will be again back on track from the next week with the first board meeting of the reconstituted Mumbai Metro Rail Corp (MMRC) that is scheduled to be held on the 12th of August. The Mumbai Metropolitan Region [...] Continue Reading »
Realty firm Supertech has raised Rs. 400 crore from the private equity firm (PE) Xander to finance its upcoming township and housing projects in Gurgaon.The company will develop plots, villas and independent homes in the 140-acre township at an investment of about Rs 1,100 crore. The company said in a statement that Supertech has received [...] Continue Reading »
The IL&FS Engineering Services Ltd has said that it has received a letter of Intent for Rs. 105 crore worth buildings work in Mumbai. According to a company statement, the contract is from the Lodha Group for civil construction works. The contract is for the 18 proposed G+15 residential buildings in Phase II of its [...] Continue Reading »
The Supreme Court on Monday said it will hear DLF Ltd.’s petition on August 7. DLF has placed the petition challenging the Rs. 630 crore penalty imposed by the competition commission of India (CCI) of India on the company. The court also mentioned that its July order restraining the anti-trust body from taking any action [...] Continue Reading »
