Government to Utilize PPP Mode for Majority of National Highway Projects
In a significant change in policy, the National Highways Authority of India (NHAI) will now use the Public Private Partnership (PPP) mode for most new national highway (NH) construction projects. This means that private investors will play a more significant…
Builders in Mumbai Shell Out Rs 5,400 per Sqft as Premium to Authorities
Builders in Mumbai are paying a hefty average fee of Rs 5,400 per square foot for various approvals required from government authorities, according to a report from an organization representing top builders. This high fee is impacting Mumbai’s growth as…
EFC, a Co-working Firm, Explores FPO and Other Avenues to Secure Funding for Expansion
Co-working firm EFC India is considering multiple avenues, including a Follow-on Public Offer (FPO), to secure funding for expanding its capacity to 60,000 seats by the close of this fiscal year. According to a company statement, EFC has recently entered…
Stamp duty rebate results in the registration of over one lakh homes in two years
Since the introduction of the stamp duty rebate a little over two years ago, more than a hundred thousand apartments have been registered in the Kolkata Metropolitan Area (KMA). Initially introduced in the state budget of July 2021 to offer…
DDA has granted approval for multi-modal integration plans at metro stations
On Wednesday, September 27, the planning body of the Delhi Development Authority (DDA) approved several significant projects aimed at improving the city’s transportation infrastructure. These approvals included multi-modal integration plans for metro stations at Tis Hazari, Rithala, and Seelampur, along…
Six infrastructure projects approval worth Rs 52,000 crore under PM Gati Shakti initiative
In an official statement, it was revealed that six infrastructure projects encompassing roads and railways, with a combined value of Rs 52,000 crore, have been proposed for approval within the framework of the PM Gati Shakti initiative. This development raises…
Infra development is key for making India a $5 tn economy
“Without water, power, transport and communication, we will not get industry and capital investment. Without industry and capital investment, we cannot create employment potential. And without employment potential, we cannot eradicate poverty. The dream of our Prime Minister is to…
Private port terminal operators may get pricing freedom
The government is preparing a tariff migration system to grant pricing freedom to current private terminal operators. This move aims to ensure that the government’s revenue remains unaffected if existing concessionaires transition to the new tariff system, according to government…
Swaminarayan City presents enticing Ganesh Chaturthi offers for Dombivli residents.
With the ongoing festival season such as Ganesh Chaturthi, real estate players are offering lucrative offers favoring buyers’ interest. The Swaminarayan Group, dominating the Dombivli- Kalyan region has also launched their “Grand Ganesha Offer” where they offer upto Rs.1,00,000 at their upcoming Swaminarayan City township on 1,…
Godrej Fund Plans to Offload Three Floors in BKC Project
Godrej Fund Management, the real estate private equity arm of the Godrej Group, is nearing the sale of office space spanning three floors within the Godrej BKC commercial project situated in Mumbai’s Bandra-Kurla Complex. The prospective buyer is Max Life…