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Tuesday, October 16, 2018

Keppel-Puravankara Development acquires Metro Cash & Carry India’s land for Rs 405 crore in Bengaluru In one of the largest commercial land deal in Bangalore, Keppel Puravankara Development...

Keppel Puravankara Development Pvt. Ltd. (KPDL), is an associate of Bangalore headquartered and Singapore based Keppel Land, one of Asia’s premier property companies. Ashish R. Puravankara, managing director, Puravankara said, “Over the last couple of years, there has been a conscious effort to diversify Puravankara’s existing commercial portfolio. The timing of the project could not be better, seeing as the...

Haryana RERA acts tough, notices sent to 52 developers for delays The Haryana Real Estate Regulatory Authority (H-Rera), which has received around 1,150 complaints from Gurgaon homebuyers against...

Officials from the authority said their first priority is completion of delayed projects. Of the 1,150 complaints received in the past year, as many as 950 are regarding projects that have been delayed by at least five years. A majority of these complaints are from around 30,000 homebuyers who are hassled over delay in delivery of their housing projects. They have...

AAI starts shuttle service at Srinagar airport The Airports Authority of India (AAI) ON Saturday started a shuttle service from the drop gate of the airport here to...

“Taking note of the inconvenience faced by air travellers at the Srinagar airport, the AAI has, on the instructions of K Vijay Kumar, advisor to the Jammu and Kashmir governor, started a ferry service from the drop gate to the terminal building,” an official spokesman said here. Kumar has hailed AAI authorities for launching the shuttle service which, he said,...

Accidents on Indian Railways reduce in last 12 months Safety comes first, says Indian Railways! Recently, in a safety performance review meeting of Indian Railways, it has been...

The safety performance review meeting was held by Chairman Railway Board Ashwani Lohani and the meeting was attended by all Railway Board members and General Managers of zonal railways and Chairman as well as Managing Director of Konkan Railway through video conferencing. In the safety performance review meeting, it has been found that with constant focus on safety and related...

Monsoon blues hit highway construction Monsoon blues hit highway construction the hardest in August. Data compiled by the Ministry of Road Transport and Highways (MoRTH) shows that highway...

As a result, the highway construction rate during the April-August period fell to 23.26 km/day from the 25.55 km/day logged during the April-July period of the current fiscal. On the positive side, the first five months of this fiscal have seen 3,490 km of highways being built, as against 3,067 km in the April-August period of FY17-18 – this...

Surat set to showcase development through construction of an iconic road SMC has approved the construction of an iconic road on a PPP basis. This will be the...

The Surat Municipal Corporation (SMC) has recently approved the development of a 2.1 km-long 200 feet wide road. The construction of an iconic road is to exhibit Surat’s onward march toward prosperity and development, standing committee chairman Anil Goplani said. The project will be taken up on a public–private partnership (PPP) basis with Rajhans Infra Projects Private Ltd spending Rs12...

MIL opened bidding for privatisation of Nagpur airport MIL, a JV between state government’s Maharashtra Airport Development Company and Airports Authority of India opened bidding for privatisation or...

Six private infrastructure players including GMR and GVK are bidding for the stake in the shares of the Nagpur airport. On September 28th, Mihan India Limited (MIL), the current operator, opened bidding for privatisation of Nagpur airport. According to reports, GMR has quoted a higher amount than the others. As part of the terms and conditions, the winning bidder will...

Development of new terminal at Chennai airport part of Phase-II Passenger traffic has seen a 20 percent increase in the last three months at the Chennai airport. The...

Phase-II of the modernisation programme will see the development of a new terminal at Chennai airport. The plan, according to G Chandramouli, Airport Director, Airports Authority of India (Chennai), will consist of a new terminal building with a parking bay for aircraft and a multi-level car parking facility – at a cost of Rs 2,500 crore. The aim is to...

Construction on Patna’s new domestic terminal building to commence soon A new terminal building at Patna airport received clearance and construction activities will commence soon. The new terminal...

Construction of the new domestic terminal building at Patna Airport is all set to begin from next month. The proposal which includes other allied structures was approved by the Cabinet Committee on Economic Affairs (CCEA). The cost of the project is estimated at Rs 1,217 crore. The new terminal building is expected to raise passenger handling capabilities from 0.7 million...

Global steel plant equipment makers keen on Indian operations The Steel Ministry aims to bring foreign technology and Indian manufacturers together to encourage the manufacturing of equipment in...

Global steel plant equipment makers keen on Indian operations The Steelindustry in India is projected to reach $28 billion by 2030. Global steel plant equipment makers are keen to tap into these opportunities. They aim to form joint ventures talks with domestic manufacturers to increase domestic manufacturing capabilities. The Steel Ministry of India is promoting these talks by organising a conference...

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Keppel-Puravankara Development acquires Metro Cash & Carry India’s land for Rs 405 crore in...

Keppel Puravankara Development Pvt. Ltd. (KPDL), is an associate of Bangalore headquartered and Singapore based Keppel Land, one of Asia’s premier property companies. Ashish R....

Haryana RERA acts tough, notices sent to 52 developers for delays The Haryana...

Officials from the authority said their first priority is completion of delayed projects. Of the 1,150 complaints received in the past year, as many as...

AAI starts shuttle service at Srinagar airport The Airports Authority of India (AAI)...

“Taking note of the inconvenience faced by air travellers at the Srinagar airport, the AAI has, on the instructions of K Vijay Kumar, advisor...

Accidents on Indian Railways reduce in last 12 months Safety comes first, says...

The safety performance review meeting was held by Chairman Railway Board Ashwani Lohani and the meeting was attended by all Railway Board members and...

Monsoon blues hit highway construction Monsoon blues hit highway construction the hardest in...

As a result, the highway construction rate during the April-August period fell to 23.26 km/day from the 25.55 km/day logged during the April-July period...