Infrastructure
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 »
“We have seen interests from both global as well as domestic investor that is why there is a huge potential for investment in the infrastructure projects. Although we have seen a downfall recently but the market will be in pace in the coming months, “said by IL&FS Financial Services Managing Director and Chief Executive Officer [...] Continue Reading »
Mr. Francois Richier, French ambassador to India, says that the French Government is ready to invest in Indian market. He also added that French companies are among the biggest investors in India and there are 350 French companies with nearly $19 billion worth ready to invest in India. He further says that the French companies [...] Continue Reading »
Over the past seven years streets and flyovers silently invaded into the city’s green cover, intensifying the prickly heat. Since 2007, around 8,500 trees were brought down across the city for various construction and infrastructure projects, including widening of roads. Environmentalists alleged that the extensive tree-felling over the years contributed to the rise in average [...] Continue Reading »
IDFC Alternatives raised its first fund of Rs. 750 crore focused on residential sector in India. IDFC Alternatives is a wholly owned subsidiary of IDFC Ltd. The fund is called IDFC Real Estate Yield Fund and will invest Rs 60-80 crore and will target gross returns of 22%. It is a four year close-ended private [...] Continue Reading »
Soon there will be a change witnessed at entrance to the Panaji city from chaotic and the ambience not eye-catching to a developed ‘entrance zone’ to the capital city with requisite infrastructure. The directorate of municipal administration (DMA) in a scheme recently has sanctioned a grant of Rs 50,000 by a pattern of financial assistance. [...] Continue Reading »
The Airports Economic Regulatory Authority (AERA) has ordered to scrap the user development fee at Rajiv Gandhi International Airport here. GMR Hyderabad International Airport is considering challenging the order as this will have a negative impact on the company’s financials, said Siddharth Kapur, CFO, GMR Infrastructure’s airport business. Kapur said on the sidelines of India [...] Continue Reading »
The National Highways Authority of India (NHAI) has blamed the state government for delay in 4-laning of Yamunanagar-Panchkula highway stretch of NH-73. Infrastructure major Gammon has walked out of the project on grounds of non-availability of land, delay in environment and forest clearances, besides scarcity of construction material in the state. Gammon was to invest [...] Continue Reading »
The deficiency of skilled personnel in India’s real estate sector is responsible for slowing down construction activity by an average of six months to a year, that’s why project cost increases. In India Development activity is at all time high and is only expected to increase further in future, According to the rate of urbanization [...] Continue Reading »
GMR Infrastructure Limited, an infra-major, informed that a consortium led by the company has bagged its first rail project. The company is the lead member of the consortium with Tata Projects and Kalindee Rail Nirman Ltd as the partner for OHE (overhead electrification), track works and S&T (signalling and telecommunications) works respectively. The work involves [...] Continue Reading »
