Centre wants airport at Sriperumbudur, to cost Rs 20,000 crore
Union civil aviation ministry officials are slated to meet bureaucrats from the Tamil Nadu state government to push for the proposal of a new airport at Sriperumbudur. According to Airports
Japan to aid India in enhancing Chennai-Bangalore infrastructure corridor
The meeting between Anand Sharma, Minister of Commerce and Industry of India and Toshimitsu Motegi, Minister of Economy, Trade and Industry of Japan held in Tokyo considered the strengthening
Chennai Metro’s first line to be operational by mid-2014, all by end-2015
The rapidly progressing construction of Chennai Metro rail project has made it possible for the first line to go into operation by mid 2014, the government announced deadline for its commissioning.
Arm of Shriram EPC bags Rs 126 crore contract in Chennai
Shriram EPC’s municipal services vertical has bagged a Rs 126 crore order from the Chennai Metropolitan Water Supply and Sewerage Board.
Mahindra Lifespace arm enters into agreement for group housing project in Gurgaon
Mahindra Lifespace Developers last weekend announced that its subsidiary has entered into a collaboration agreement to undertake a group housing project at Gurgaon in Haryana. The project has a
Private sector reluctant to invest in ports, may jeopardise 12th Plan target
While the shipping ministry has set a target of attracting private investment worth Rs 171,548 crore in the port sector, private investment seems to be running away when the government says it wants to
Indo-Israel JV to invest Rs 1,500 crore in residential project in Chennai
A joint venture between Israeli real estate firms PBC and Electra Real Estate Ltd. along with Hyderabad-based Incor Infrastructure, PBEL Property Development India Private Limited plans to invest Rs 1,500
JICA will commit funds only to green cleared and most land acquired infrastructure project
The Japanese International Cooperation Agency (JICA) has decided to sign loan agreements for projects only when most of the land acquisition and environment clearance is done. JICA lends money to the
Rs 387,000 crore capex required for urban development in 12th Plan
The requirement of capital expenditure from all sources for urban sector during the Twelfth Plan as estimated by the Working Group on financing urbanisation is Rs. 387,576 crore. Details of fund required
Olympia ropes in McNally to construct luxury residential project in Chennai
Olympia Infratech, a leading Chennai-based developer is all set to develop a Rs 900 crore luxury residential project in Chennai through a joint venture. The company has tied up with Apollo Group
Slow office space absorption in Q12013
According to a report by global real estate consultants Cushman & Wakefield, office market in India has seen a significant drop of 37% in absorption rate at 3.6 million square feet (msf) in the first quarter of 2013. However, there has been an increase of 18% in fresh supply at 7.9 msf this year against the same period a year ago.
Golden Quadrilateral project connecting four metros on finishing line
A major showcased infrastructure project, the Golden Quadrilateral (GQ) highway network connecting Delhi, Mumbai, Kolkata and Chennai is closing towards the completion line after fourteen years of its launch.
Record growth in new realty projects launch in Q1, focus on premium and luxury housing
After many months of lull, developers are on a spree to launch residential projects leading to a record growth in new realty projects in the first three months of 2013. This is also gauged by the thousands of promotional messages flooding mobile phones over the past few months
JICA provides Rs 11,400 crore soft loan to 3 infra projects
The Government of India and Japan International Cooperation Agency (JICA) has signed an agreement with the latter providing soft loans of up to Rs 11,400 crore for three infrastructure projects in India.
Juhu Airport is being developed to augment capacity of Mumbai airport
Ajit Singh, union civil aviation minister said on 26 March that the AAI could set up joint ventures with major foreign airport operators to carry out operations and management of two crucial metro airports