The Delhi Development Authority (DDA) is set to launch the e-auction process for its upscale apartments and penthouses from January 5, 2024, as part of its Festival Special Housing Scheme …
News
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Real Estate
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Blackstone Inc. is set to divest its entire 23.59% stake, valued at $833 million, in Embassy Office Parks, India’s largest real estate investment trust (REIT). This move comes four years …
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Real Estate
UP Cabinet Greenlights Amitabh Kant Committee’s Recommendations for Legacy Stuck Projects, Relief to Homebuyers
The Uttar Pradesh Cabinet, led by Chief Minister Yogi Adityanath, has approved the recommendations of the Amitabh Kant committee on legacy stuck projects. The move, aimed at providing relief to …
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Real Estate
ED Probes Tulsiani Builders’ CMD & MD for Alleged Rs 4.63 Crore Loan Fraud and Money Laundering
“Enforcement Directorate Initiates Money Laundering Probe Against Tulsiani Builders’ CMD & MD Over Alleged Loan Fraud” The Enforcement Directorate (ED) has initiated a case under the Prevention of Money Laundering …
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Finance News
Adani Ports Considers Closure of Krishnapatnam Container Terminal Amid Plummeting Volumes
Adani Ports and Special Economic Zone Ltd (APSEZ) is contemplating the closure of the container operations at Krishnapatnam Port in Andhra Pradesh due to a significant decline in volumes and …
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The Maharashtra government has given approval for the development of a new city named ‘Third Mumbai,’ aimed at addressing the increasing population and providing improved housing, infrastructure, and transportation in …
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Infrastructure News
Ambuja Cements Announces Rs 6,000 Crore Investment for 1,000 MW Renewable Energy Unit
Ambuja Cements, a company promoted by Adani, has revealed plans to invest Rs 6,000 crore in setting up a 1,000 megawatt (Mw) renewable power unit for captive consumption. The investment, …
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Roads & Highways
Completion of Kottakudi River Bridge Construction in Tamil Nadu Expected by February 2025
Residents of Melapravu village in the Bodinayakanur assembly constituency are eagerly anticipating the realization of their long-standing dream-a bridge over the Kottakudi River. The construction of this high-level bridge commenced …
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Nettoor, situated south of Kundannoor Junction on the Edappally-Aroor NH 66 bypass, is poised to become a central hub for four National Highway (NH) corridors, mirroring the success of Edappally. …
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NBCC (India) Ltd has announced the receipt of a substantial order worth Rs 1,500 crore from the National Cooperative Development Corporation (NCDC), a statutory Corporation under the Ministry of Cooperation/Primary …