Projects
The infrastructure company, Sadbhav Engineering informs that it has bagged a project from NHIA for development of highways. The company also informed that it is a successful bidder by National Highways Authority of India (NHAI) for the development of Jodhpur- Barmer Section of NH-112. This project comes under the National Highway Development Project (NHDP) and [...] Continue Reading »
The major real estate firm won contracts worth Rs. 1,981 crore in housing sector including major order in Bangalore. The company says that the building and factory business of L&T has grabbed the housing order of value Rs. 1,981 crore in March 2014. A main residential order is taken up in Bangalore from one of [...] Continue Reading »
By setting up eateries and hotels Polo Towers group would invest Rs 100 crore by 2016 and it already owns hotels in Shillong, Cherrapunji and Tura in Meghalaya. CEO of the group Deval Tibrewalla told reporters that we are investing Rs 100 crore for setting up eateries and hotels by 2016. After getting franchisee from [...] Continue Reading »
It has been seen that buyers are tempted to buy a house at a price 20-30 percent lower than the market price that is why buyers book houses projects that are sold even before all clearances are in place. There are cases where builders accept bookings, when given profligate delay in getting these, before they [...] Continue Reading »
Kent RO Systems water purifier maker would be investing Rs 100 crore to set up a new manufacturing unit at Noida. The required land for its third manufacturing unit has been allotted to the company and construction would commence soon. Mahesh Gupta, Kent RO Systems Chairman informed that the construction would commence as soon as [...] Continue Reading »
Supreme Infrastructure has got 3 orders of total worth Rs 617.7 crore for different developments activities. The highest amount is from the National Highway Authority of India (NHAI), Rs337 crore for the two laning of Chhapra-Rewaghar-Muzaffarpur section of NH-102 in Bihar. The company has also received the amount of Rs 237 crore from the Brihan [...] Continue Reading »
The biggest parcels of land in Mumbai are believed to collect the highest bid of Rs 1,155 crore. It is rumor that the Oberoi Realty may be the highest bidder. A source of Tata Housing says that they are still in the race. The bidder has not been finalized yet and the process is still [...] Continue Reading »
The Jaiprakash Associates group with a total debt of over R60, 000 crore, recently announced that they are going to sell 74 percent of its holding to Dalmia Bharat. The total amount collected by JP associates from this deal is around Rs 690 crore. It is concluded in a statement that the board of directors [...] Continue Reading »
The weakened highways sector could get a boost with the government planning to do new construction and development model that will make it cheaper to build and operate projects. This modified annuity-based model is expected to help the government to build highways owing to lack of interest by the private sector of late, towards a [...] Continue Reading »
In the third year of the UPA-II regime a large part of the project to build 2,500 km of highways was awarded which has now been cancelled. In 2011-12 most of these projects were awarded by the National Highways Authority of India (NHAI). Because of the economic slowdown in the succeeding years 2012-13 and 2013-14 [...] Continue Reading »
