Projects

SBI expands to project and facility management.   State Bank of India (SBI) has formed a wholly owned subsidiary “SBI Infra Management Solutions Pvt. Ltd.” for providing real estate services to them. The role of the subsidiary is envisaged as...

51,300-km of roads declared as National Highways The Public Investment Board (PIB) has recommended a proposal for Phase-I of Bharatmala Pariyojana for investment approval from Cabinet Committee on Economic Affairs, said Minster of State for Road Transport & Highways and...

New regulations to ensure a level playing field. Enigma project. The Tamil Nadu residential real estate sector is all set to experience a tide of changes following the introduction of the regulation and development rules, Colliers International Group Inc said...

Upgrades of existing airports continues. The Ministry of Civil Aviation (MoCA) has granted 'in principle' approval for setting up of 18 Greenfield Airports and 'site clearance' approval for setting up of 7 Greenfield Airports across the country. Out of these,...

Funds will be for NWs development and maintenance. The Inland Waterways Authority of India (IWAI) permission has been revalidated to raise Rs.660 crore through Government of India Bonds for development and maintenance of National Waterways (NWs) in 2017-18. Funds received...

Govt grant provided to the State/UT Governments A total of 25 ‘50-bedded’ hospitals with an outlay of Rs.145 crore has been approved in the year 2016-17, the Rajya Sabha was told on 18 July 2017. Under Centrally Sponsored Scheme of...

199 projects to be done in 2016-2019. India’s Sagarmala program has identified an estimated 415 projects, an investment of approximately Rs.8 lakh crores, to be implemented between 2015 and 2035. The projects are in the areas of port modernization, new...

Shipyard works on new repair facility-dry dock. The Cochin Shipyard Limited (CSL) has proposed initial public offer (IPO) for two major infrastructure expansion projects, investing Rs.970 crore and Rs.1,799 crore. It has embarked on an International Ship Repair Facility at...

Builders told to improve operational efficiency. A Lodha Group property. India’s real estate industry was at an inflection point, and would leapfrog to US$350 billion in 10 years from $120 billion at present, said Abhishek Lodha, Managing Director of Lodha...

Work on major projects by October 2017.   Tendering is in progress for projects under the Rs.1,800 crore Smart City Plan of the New Delhi Municipal Council (NMDC) which has been told to complete the development well before 2020 deadline....