Infrastructure
The Rs 2,494-crore project to extend the Delhi Metro from Badarpur to YMCA Chowk in Faridabad has been delayed and services are now expected to begin in May 2015. A delegation of the Confederation of Resident Welfare Associations recently met Delhi Metro Rail Corporation (DMRC) managing director Mangu Singh to seek adequate feeder and link [...] Continue Reading »
Just like the metro rail project was scrapped for the city, the eight-laning project on Ferozepur road may meet the same fate as the state government is planning to give priority to Bus Rapid Transit System (BRTS) over the road project. According to MC sources, the Rs 235-crore eight-laning project has been sidelined even though [...] Continue Reading »
Government has approved construction of a road connecting Faridabad and Greater Noida that will improve connectivity between NH-8 in Gurgaon and Yamuna Expressway. The missing link on this stretch—where fresh road has to be built or existing road to be strengthened—is about 24.6 km, which will be developed into a two-lane all-weather road including construction [...] Continue Reading »
Post the Modinomics wave, the ailing infrastructure sector is reviving. The infrastructure sector, which saw acquisition and fund-raising deals in the last three months after a three-year lull, is getting ready for a boost. It is poised for a flurry of deals that will revive stranded projects and help the sector to bounce back in 2015. [...] Continue Reading »
According to real estate developers in Kolkata, the prospects of the realty market in many localities of the city have witnessed a substantial improvement of late, thanks largely to the upcoming Kolkata Metro project. As per the market-trend watchers, one of the several Kolkata localities which are apparently benefitting from the Metro project is Madurdaha. [...] Continue Reading »
Assam’s Chief Minister TarunGogoi today asked the state’s Urban Development Department to prepare the terms and conditions of the ‘Smart City‘. Gogoi mentioned that Guwahati has found a place in the list of 100 such cities envisioned by the Centre and he wants to see the dream take shape soon. The sources in the Chief [...] Continue Reading »
It is being said that India’s construction sector will grown at 7-8 percent each year through the next decade. Post the new government the country hopes to see an increased growth and removal in the barriers to foreign investment which will help in hurrying the demand for construction over the upcoming 12 to 18 months [...] Continue Reading »
According to the findings of a study carried out by Assocham, crucial manufacturing projects have had to deal with cost overruns of Rs 4.5 lakh crore, as of FY 2013-14, because of delays in the roll out of the projects. As per the study, the delays in the roll-out of manufacturing projects are generally caused [...] Continue Reading »
In Dwarka, 18B block houses over 930 apartments that were part of the 2010 DDA Housing Scheme. These G+10 structures are divided into two societies known as Golf Links and Samridhi apartments. A tour of the site revealed that around 200 flats were still empty and finishing touches were being given to the remaining units. [...] Continue Reading »
According to the latest statistics shared by the Delhi Metro Rail Corporation (DMRC), the Delhi Metro ridership touched 27.1 lakh on Monday, August 4; marking the highest number of commuters to have travelled on the Metro thus far in one day. The previous highest Delhi Metro ridership record was 26 lakh commuters. With regard to [...] Continue Reading »
