17 Jun 2025

Kamathipura, one of Mumbai's oldest and most historically rich neighbourhoods, is set for a major transformation. MHADA has opened bids for redeveloping this 34-acre area under a cluster redevelopment plan. Once Asia's largest red-light district, Kamathipura was originally a settlement for construction workers during British rule. Now home to over 8,000 homes and shops, the project will replace 900+ ageing buildings and create 4,500 new housing units. Over 44,000 square meters is also being reserved for public amenities. This project joins other large-scale makeovers across the city, including Dharavi, Bhendi Bazaar, and BDD Chawls, all aiming to modernise Mumbai's ageing infrastructure.Read more

13 Jun 2025

Coal India Ltd has partnered with Syama Prasad Mookerjee Port, Kolkata, to transform the iconic Howrah Bridge through a solar-powered dynamic illumination initiative. The project, aimed at showcasing the structural grandeur of the 80-year-old bridge, will feature volumetric and skeleton lighting synchronised with music. Officials confirmed that the upgraded lighting would vastly improve the existing setup and enrich the nightly experience for lakhs of commuters and visitors. The tendering process is currently underway, with the project expected to be completed within a year.Read more

13 Jun 2025

ACC Cement, part of the Adani Group's rapidly expanding cement vertical, is poised to benefit significantly from India's anticipated infrastructure investment of around USD 2.2 trillion by 2030. The company, which surpassed the 100 MTPA production milestone recently, has set its sights on reaching 140 MTPA by FY 2027-28. With strong backing from Adani Group's integrated logistics and energy infrastructure, ACC is enhancing cost efficiency, supply chain speed, and sustainability while playing a pivotal role in India's construction and economic development journey.Read more

13 Jun 2025

Indian Renewable Energy Development Agency (IREDA), a state-owned financial institution under the Ministry of New and Renewable Energy, has successfully raised over INR 2,000 crore through a Qualified Institutional Placement (QIP). The issue was open for subscription from domestic and foreign institutional investors, including banks, insurers, and foreign portfolio investors, and received bids worth INR 2,005.90 crore, overshooting the base size of INR 1,500 crore. The capital raised will boost IREDA's tier-I capital and improve its capital adequacy ratio, enhancing its ability to fund renewable energy initiatives nationwide.Read more

12 Jun 2025

Larsen & Toubro (L&T) recently secured a significant contract from JSW Energy, valued between INR 1,000 crore and INR 2,500 crore, to execute the Bhavali Pumped Storage Project in Maharashtra. The project, spread across Nashik and Thane districts, is designed for a total installed capacity of 1,500 MW through multiple smaller units. The contract includes comprehensive civil engineering works such as construction of reservoirs, tunnels, approach roads, and an underground powerhouse. Pumped storage projects like Bhavali are critical for grid stability as India integrates more renewable energy sources. This order bolsters L&T's portfolio in infrastructure development and supports Maharashtra's sustainable power goals.Read more

12 Jun 2025

Reliance Infrastructure is ambitiously expanding its defence division, focusing on aircraft upgrade programmes that could unlock an INR 5,000 crore opportunity in the coming 7 to 10 years. As the first private Indian firm to independently execute comprehensive aircraft upgrades without original manufacturer involvement, the company has already upgraded 55 Dornier-228 planes under a contract with Hindustan Aeronautics Ltd, collaborating with US avionics specialist Genesys. The upgraded aircraft now serve the Indian Air Force, Navy, and Coast Guard. With the global military aircraft upgrade market growing rapidly and India's ageing fleet demanding modernisation, Reliance's strategic move aligns with 'Atmanirbhar Bharat' and positions it strongly in a lucrative, evolving sector.Read more

12 Jun 2025

The Telangana government has unveiled plans to significantly expand the Hyderabad Metro Rail network by adding new corridors and extending existing lines. The initiative aims to meet rising transportation demands driven by rapid urbanisation and population growth. The expanded metro will connect key residential, commercial, and IT zones, promoting easier daily commutes and reducing traffic congestion. This development reflects the state's focus on sustainable, eco-friendly infrastructure, with expectations of lowering citywide pollution levels. Since its inception, the Hyderabad Metro has transformed public transport in the city; the planned expansion is set to further boost passenger capacity and network coverage. The project is also expected to drive economic activity in newly connected areas, support real estate growth, and enhance accessibility. Positioned as a key pillar of Telangana's smart city and sustainable development goals, the metro expansion underscores the state's long-term urban mobility strategy.Read more

12 Jun 2025

The Yamuna Expressway Industrial Development Authority (YEIDA) has initiated land acquisition of 5,000 acres from around 2,000 farmers near Noida International Airport to establish Japanese and Korean industrial cities and a fintech hub. The Korean city will span 365 hectares and focus on electronics manufacturing, while the Japanese city will cover 395 hectares with a semiconductor and advanced-tech cluster. A 250?acre Fintech City will also be developed, alongside residential and civic spaces. This expansion builds on the 5,232 acres already acquired since 2021 and aims to transform the region into a global investment centre.Read more

11 Jun 2025

IRB Infrastructure posted a near 9% rise in toll revenue for May 2025, reaching INR 581 crore, compared to INR 536 crore in the same period last year. The company's largest toll projects, including the IRB MP Expressway in Maharashtra, Golconda Expressway near Hyderabad, and Ahmedabad Vadodara Super Express Tollway, contributed significantly to this growth. The addition of the Lalitpur Lakhnadon NH44 TOT-12 project also helped boost collections. The company attributed the growth primarily to the holiday season and a surge in new commercial and passenger vehicles. IRB remains India's largest private toll road developer, managing assets worth over INR 80,000 crore across 12 states.Read more

11 Jun 2025

The National Highways Authority of India (NHAI) has announced plans to introduce a public Infrastructure Investment Trust (InvIT), aimed at expanding its investor base by including retail investors alongside institutional players. This initiative follows NHAI's earlier success with a private InvIT that monetised over 2,300 km of highways. NHAI intends to offer three Toll-Operate-Transfer (ToT) bundles quarterly of varying sizes and hold one to two InvIT phases annually, adapting bundle sizes based on market conditions. The move seeks to attract expertise-driven institutional investors and provide broader access to infrastructure assets, under a regulated framework governed by SEBI.Read more

10 Jun 2025

The Patna Metro Rail Project is progressing well, with the priority corridor between Patna Junction and ISBT nearing completion. Bihar Urban Development Minister Jibesh Kumar recently inspected key sites, including the ISBT metro station and depot, and expressed satisfaction with the project's pace and quality. The 6.6-km priority corridor features five elevated stations: Malahi Pakri, Khemnichak (interchange), Bhoothnath, Zero Mile, and Patliputra ISBT. Inauguration is slated for August 15 this year. The ISBT depot, spanning 30.5 hectares, is being built at a cost of INR 142 crore and will support operations with maintenance facilities, a stabling yard, control centre, and sub-station. The Delhi Metro Rail Corporation (DMRC) is providing technical support. Once operational, the metro promises to improve urban mobility, offering Patna residents faster, safer, and eco-friendly transport options, marking a major step in Bihar's urban modernisation.Read more

10 Jun 2025

Kochi Metro Rail Limited (KMRL) has invited tenders for constructing five new stations under Phase II along the JLN Stadium Kakkanad corridor at the Palarivattom bypass, Padamugal, Vazhakkala, Chembumukku, and Alinchuvadu. Earlier delayed due to the land acquisition issues and local protests, especially at Chembumukku and Padamugal, the project will now proceed using vacant government land. Construction, to be completed within a year of contract award, includes full station infrastructure. The tender mandates traffic diversion plans, road strengthening, safety measures, and signage. KMRL will coordinate with traffic police to maintain lane access during work, ensuring minimal disruption and enhanced public convenience.Read more

10 Jun 2025

Three prominent tech companies Ascent-K Circuit, Aurionpro ToshiAutomatic Systems, and Amber Enterprises India Ltd received letters of intent from YEIDA to set up manufacturing units near the Noida International Airport. With a total proposed investment of around INR 4,000 crore, the companies will utilise land parcels in Sectors 8 and 10 to produce electronics and home appliances. These developments are part of a larger push by Uttar Pradesh to position the region as a global manufacturing hub, aided by favourable policies and rapid infrastructure development.Read more

10 Jun 2025

Prime Minister Narendra Modi has inaugurated the Chenab Railway Bridge, now the world's highest railway arch bridge, towering 359 metres above the Chenab riverbed-higher than the Eiffel Tower. Spanning 1.3 km, the steel deck-arch bridge is designed to withstand extreme temperatures, high winds, and seismic forces. It forms the final link in the Udhampur-Srinagar-Baramulla Rail Link (USBRL), giving Kashmir its first complete rail connection to mainland India. Built at a cost of INR 1,486 crore, with a 120-year design lifespan, the bridge features 93 deck segments and a 467-metre main arch. Alongside the newly completed Anji Khad bridge, this milestone enhances connectivity and resilience in the region.Read more

10 Jun 2025

A growing demand for adaptable, technology-driven, and wellness-oriented workplaces is pushing Asia-Pacific landlords to rethink traditional office setups. Amid rising vacancy rates and evolving tenant expectations, landlords especially those of older buildings are turning to innovation to remain competitive. The shift is driven by increased emphasis on employee experience, digital infrastructure, and ESG goals. Smart building features like facial recognition systems, AI-based design tools, EV charging, and community lounges are becoming essential. As the region sees a sharp transition to hybrid work culture, investment in digital and physical upgrades is becoming key to office relevance.Read more

10 Jun 2025

The Indian electric vehicle (EV) sector is set to catalyse massive real estate demand and investment, according to a recent report by Savills India. Projecting a requirement of nearly 6,900 acres and USD 9 billion in investments by 2030, the report highlights the critical need for facilities related to EV manufacturing, lithium-ion battery production, and public charging stations. Supported by strong government policies and rising environmental and fuel cost concerns, the EV market is accelerating rapidly. This surge is anticipated to significantly boost demand for industrial, warehousing, and logistics real estate, underlining a transformative impact on the real estate landscape aligned with India's EV adoption targets.Read more

09 Jun 2025

The Maharashtra State Road Development Corporation (MSRDC) has opened the final 76km stretch of the 701km-long Samruddhi Mahamarg, connecting Igatpuri in Nashik to Amane in Thane. With this final phase inaugurated last week, the expressway is now fully operational, reducing the travel time between Nagpur and Mumbai to just eight hours. The six-lane expressway, which cost approximately INR 55,000 crore, spans 10 districts and connects major economic hubs and tourist destinations, while also offering significant logistical advantages for farmers, pilgrims, and industries alike.Read more

09 Jun 2025

Adani Airports Holdings Limited secured USD 750 million in external commercial borrowings from an international banking consortium led by First Abu Dhabi Bank, Barclays and Standard Chartered. The proceeds will refinance debt and fund infrastructure upgrades and capacity expansion at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports. Last fiscal year, AAHL handled 9.4 crore passengers against an 11 crore capacity. The funds aim to strengthen non-aeronautical revenues through retail, F&B and duty-free offerings across its network.Read more

09 Jun 2025

The reconstruction of Mumbai's iconic Byculla bridge, officially the Dr Babasaheb Ambedkar Railway Bridge, has reached the halfway point, with completion targeted by late 2025. The bridge connects NM Joshi Marg to Rani Baug and Clare Road, serving as a vital east-west link over Central Railway tracks. The revamped structure will enhance connectivity to key routes like the Eastern Express Highway, P D'Mello Road, and Mohammed Ali Road. MMRDA officials reported near-completion of substructure work on the eastern side, with western-side construction underway. Steel girder installation will begin shortly. The old bridge was dismantled following safety concerns flagged by IIT Bombay and Central Railway. Phased construction, night work, and coordination with rail authorities have helped the project regain momentum after earlier delays. Once completed, the bridge will significantly ease traffic flow and improve transport connectivity in South Mumbai.Read more

06 Jun 2025

India plans to add 50 new airports over the next five years, Union Minister K Rammohan Naidu announced at IATA's annual meeting. The country now operates 162 airports, up from 74 in 2014, driven by initiatives like the UDAN scheme, which has launched 619 regional routes connecting tier-2 and tier-3 cities. The government also aims to make India a global Maintenance, Repair and Overhaul (MRO) hub, targeting USD 4 billion in MRO market value by 2031. Naidu called for global collaboration on sustainable aviation fuel (SAF) to decarbonise the sector. With India among the world's fastest-growing aviation markets, these expansion plans will strengthen domestic and international connectivity, boost industry partnerships, and promote greener air travel. The move signals a strong, future-forward vision for India's aviation sector.Read more