Delhi-Gurgaon expressway
With the Haryana Government’s Kundli-Manesar-Palwal (KMP) Expressway project having missed several completion deadlines, the Ministry of Road Transport & Highways has recently told the state government authorities to speed up work on the project. The delays-hit 135-km KMP Expressway was initiated in January 2006, with the aim of easing traffic on the Delhi-Gurgaon expressway. Though [...] Continue Reading »
IDFC Ltd is apparently set for a formal takeover of the Delhi-Gurgaon Expressway; with all the pre-requisites required for the imminent move having seemingly been put in place. In order to facilitate IDFC in formally taking over the Delhi-Gurgaon Expressway, a meeting is scheduled to take place – on Tuesday – between senior officials of [...] Continue Reading »
Row over toll plazas on Delhi-Gurgaon Expressway seemed to be over, the next day South Delhi Municipal Corporation asserted in the Delhi High Court that four proposed toll lanes, out of 16, would be grossly inadequate to levy tax on commercial vehicles entering the national capital. The court had recorded a consent order in terms of a tripartite settlement yesterday, among [...] Continue Reading »
With all stake holders IDFC, NHAI and DS Constructions arriving at a settlement to remove toll plazas on Delhi-Gurgaon Expressway, the HC likely to grant its consent today. Delhi High Court has been told by the stakeholders in the Delhi-Gurgaon Expressway project that a settlement between the IDFC-led consortium, National Highways Authority of India (NHAI) [...] Continue Reading »
Delhi-Gurgaon Expressway has collected around Rs.854 crore through toll tax since January 2008 till December 31, 2012. The amount collected has almost covered a huge portion of its initial construction investment of Rs. 1,240 crore. There were three toll plazas which are located at Delhi border (Sirhaul), Kherki Daula and Indira Gandhi International Airport (IGIA) [...] Continue Reading »
Dwarka expressway has become the latest destination for both middle class and upper middle class buyers. Investors with a budget between Rs 3,500-7,500 per sq ft can easily invest in Gurgaon real estate for end use and capital gain. Few renowned developers such as BPTP, Puri Constructions, Raheja Developers, Mahindra Lifespaces, Sobha, Indiabulls, M3M, Emaar [...] Continue Reading »
IDFC, the leading banker, is in talks over the takeover of the Delhi-Gurgaon Expressway project from the present concessionaire, Delhi-Gurgaon Super Connectivity Ltd (DGSCL). The NHAI has given its approval to IDFC’s purchase of 74% stake in the project. Reports said that the approval does not imply that the company had taken over the project [...] Continue Reading »
Gurgaon- The takeover of the Delhi-Gurgaon expressway by Infrastructure Development Financial Company (IDFC) has led to chaos in the maintenance of the project. Delhi-Gurgaon Super Connectivity Ltd (DGSCL) said that they had been working as per the memorandum of understanding (MoU) with National Highway Authority of India (NHAI). NHAI, IDFC and other stakeholders have scheduled [...] Continue Reading »
New Delhi- Delhi-Gurgaon expressway project is likely to be taken over by IDFC Limited, formerly Infrastructure Development Finance Company Limited, from the current developer DSC. Though the deal is still busy with negotiations, IDFC is believed to buy out the project completely, said sources. The National Highways Authority of India (NHAI) and IDFC are likely [...] Continue Reading »
New Delhi- The Infrastructure Development Financial Company (IDFC) is geared up to hold a whooping share of about 74 percent in the project of Delhi-Gurgaon Expressway, by relieving the project concessionaire. Despite the IDFC holding a greater share, there has not yet been any clarity about the IDFC’s move fetching benefit to the commuters. However IDFC refuses [...] Continue Reading »
