Projects

COVID-19 has derailed office segment Housing sales witness a 25-35% yearly drop in 2020 against the preceding year, reveals the ANAROCK report 'COVID-19 - Will it Reset Indian Real Estate?' Residential sales in 2019 stood at approx. 2.61 lakh units...

Total takes indirect 50% of JV for $500m The Competition Commission of India (CCI) has approved formation of 50:50 Joint Venture between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India....

India seeks German rail expertise The Cabinet has approved a Memorandum of Understanding (MoU) signed between Ministry of Railways and DB Engineering & Consulting GMBH of Germany for technological cooperation in Railway Sector. The MoU, signed in February 2020, was...

Project to be completed by 2024-25 The Cabinet Committee on Economic Affairs has approved construction of Rs.1,285 crore Aligarh-Harduaganj flyover by Ministry of Railways.  The 22-km project is expected to be completed by 2024-25, said the Ministry on 25 Mar...

Govt will have to dole out economic measures A lot is currently at stake for Indian residential real estate as cities go into complete lockdown mode to battle the spread of Covid-19, writes Prashant Thakur, Director & Head – Research,...

Goyal’s update on rail projects Contracts have been awarded for redevelopment of Gomtinagar (North Eastern Railway), Anand Vihar (Northern Railway), Bijwasan (Northern Railway) and Chandigarh (Northern Railway) railway stations. Giving this update to Rajya Sabha on 20 Mar 2020, Railway...

Revised Estimates: Rs.53,370cr for 2019-20 A total of 548 of projects are at various stages of implementation in the North Eastern Region, Dr Jitendra Singh, Minister of State for the Development of North-Eastern Region (DoNER) told the Rajya Sabha on...

Feasibility study on for Delhi-Gurugram road The Detailed Project Report (DPR) for Western Airport Connectivity from Dwarka Expressway through tunnel and Rangpuri Bypass has been initiated, said Minister for Road Transport and Highways Nitin Gadkari in a written reply in...

Govt has take steps to increase capacity The Ministry of Shipping has identified 58 projects worth Rs.49,950 crore have been identified as part of National Infrastructure Pipeline (NIP) for infrastructure augmentation and development at major ports up to FY 2025,...

Railways: $1,071 million FDI up to Dec 2019 Up to 100% Foreign Direct Investment (FDI) has now been opened up and permitted in some of the main areas of the high cost-technology-requiring Railway Infrastructure, Minister of Railways Piyush Goyal has...