bids
The Tata-owned Indian Hotels Company got another chance to operate the iconic Taj Mansingh hotel as the New Delhi Municipal Council did not have any feedback from the Solicitor General on the auction and the current lease expires on March 31. Mr. Jalaj Srivastava, chairperson of NDMC, says that the council has decided to give a four-month extension, [...] Continue Reading »
The financial capital of India is still witnessing property transactions under astronomical price tag despite the fact that the country is struggling with high property prices. Lately, there have been reports of the iconic Bhabha bungalow on sale, which can prove to be the costliest affair in the market with the buyers. The property, located [...] Continue Reading »
The highways ministry is seeking Election Commission’s nod to award works for over 60 road projects involving over Rs 22,000 crore investments. In the past one month, finances for the first set of about 55 works have been sanctioned by the ministry. National Highways Authority of India (NHAI) has called financial bids for 22 projects, [...] Continue Reading »
Around five years after Mumbai got its first road bridge over sea between Bandra and Worli in Central Mumbai, the state government has cleared another such proposal. The “sea link” will connect Bandra and Versova in the suburbs. Work has been initiated by the Maharashtra State Road Development Corporation (MSRDC) on the facility. The Maharashtra [...] Continue Reading »
Visakhapatnam Urban Development Authority (VUDA) is reviewing bids by 7 companies for preparation of a master plan, including review and revision of the existing master plan and zonal development plans. The notification was issued by VUDA in February seeking consultancy support and preparation of the master plan for an area of 5,573 sq km. Seven [...] Continue Reading »
In highway projects, the Centre needs to re-analyse public-private partnership (PPP), such that primary spadework and the garnering of statutory approvals is done by the government, before inviting bids. Or else, the absolute uncertainty over environmental, forest and other clearances would not just incredibly delay projects, however also unnecessarily shoot up costs and, indeed, make [...] Continue Reading »
Air India is planning to monetise 105 realty assets to lower its debt burden. According to industry sources, the debt ridden national carrier had invited bids from real estate consultants and Jones Lang LaSalle India is close to seal the deal. The financial bids opened last week and based on the financial proposals submitted by [...] Continue Reading »
