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Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
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
Pune Municipal Corporation (PMC) has advanced a INR 1,500 crore flood mitigation and relocation plan for flood-prone areas-Ektanagari, Vitthalnagar, and Nimbajnagar-along Sinhagad Road. Under the Urban Redevelopment Scheme's cluster development provisions, 1,383 residential units and 67 commercial establishments in designated 'blue zones' will be relocated to Hingne Khurd, outside the floodplain. The proposal is currently under state government review. Meanwhile, PMC has initiated immediate flood control measures, including debris clearance and CCTV monitoring to curb illegal dumping. Approval and funding are critical to executing long-term relocation and redevelopment. Compensation for commercial property owners remains delayed due to legal gaps in current regulations. With monsoon-related flooding intensifying, PMC's comprehensive relocation strategy aims to provide a sustainable solution for vulnerable communities while improving overall urban resilience.Read more
06 Jun 2025
The Uttar Pradesh State Industrial Development Authority (UPSIDA) has allotted 113 plots-88 industrial, 2 commercial, and 23 via Nivesh Mitra-across key zones, aiming to attract INR 700 crore in investment and generate 4,800 jobs. Prime locations include Greater Noida, Kosi Kotwan, Varanasi, Unnao, Hapur, and Saharanpur. Notable allocations: Param Industries secured a warehousing plot for INR 36 crore; Shri Vinayak Group won a commercial plot for INR 31 crore; Evertouch Bioremedies will establish a pharma unit. UPSIDA CEO Mayur Maheshwari highlighted that digital, transparent allotments have boosted investor confidence. The move aligns with Uttar Pradesh's vision to become a USD 1 trillion economy, fostering industrial growth, regional parity, and sectoral diversification. More plots will soon be released as UPSIDA advances its industrial infrastructure agenda, positioning the state as a top investment hub.Read more
05 Jun 2025
Indian Oil Corporation (IOC), the state-owned oil major, has moved decisively into the green hydrogen sector by finalising the levelized cost of hydrogen (LCoH) for a 10,000 tonnes per annum green hydrogen facility at its Panipat refinery and petrochemical complex in Haryana. This is being touted as India's largest green hydrogen project so far. The upcoming facility, which aligns with the National Green Hydrogen Mission, is expected to replace fossil-based hydrogen in refinery operations, marking a significant stride in IOC's decarbonisation strategy and India's clean energy transition.Read more
05 Jun 2025
Larsen & Toubro (L&T) has secured significant EPC contracts from the Rajasthan government's Public Health Engineering Department, valued between INR 1,000-2,500 crore. The key project-Phase II, Package-1 of the Rajasthan Rural Water Supply & Fluorosis Mitigation Project-covers 5,251 km of pipelines, 38 ground-level reservoirs (40 ML), 20 pump houses, and 132 overhead reservoirs (25 ML), benefiting 285 villages and towns in Jhunjhunu district. Additionally, L&T will rehabilitate the water network in the Kekri-Sarwar sector, Ajmer, with 43 km of new pipelines. These projects aim to improve drinking water access and tackle fluorosis issues. L&T, a USD 30-billion infrastructure major, continues to lead critical infrastructure development in India. The new contracts further bolster its EPC portfolio while supporting India's rural water and infrastructure mission.Read more
05 Jun 2025
Waaree Renewable Technologies Ltd (WRTL) has secured a solar EPC contract worth over INR 345 crore in Rajasthan. The project, awarded by a major domestic renewable energy firm, involves building a 300 MW AC / 435 MW DC ground-mounted solar photovoltaic plant in Bikaner-a key solar energy hub. The scope includes engineering, procurement, construction, commissioning, and a 33/220 kV pooling substation for grid synchronisation. The project will feature robotic cleaning systems to optimise performance and reduce O&M costs. Scheduled for completion in FY 2025-26, it will contribute to India's renewable energy targets. Executive Director Sunil Rathi highlighted the partnership's alignment with WRTL's vision for sustainable growth. Part of the Waaree Group, WRTL continues to expand its solar EPC footprint across India, leveraging advanced technology to drive the nation's clean energy transition.Read more
04 Jun 2025
Adani Energy Solutions Ltd (AESL) recently announced its success in acquiring a major inter-state transmission project in Maharashtra, valued at INR 1,600 crore. The addition has pushed its transmission order book to INR 61,600 crore. The project will involve setting up 3,000 MVA of substation capacity, along with supporting infrastructure, further strengthening AESL's national transmission footprint. The project was awarded through the Tariff Based Competitive Bidding (TBCB) route, with REC Power Development and Consultancy Ltd (RECPDCL) acting as the bid process coordinator. AESL is expected to complete the project by early 2028.Read more
04 Jun 2025
Prime Minister Shri Narendra Modi inaugurated the first unit of the Ghatampur Thermal Power Project in Uttar Pradesh earlier this week. With an overall investment of INR 21,780.94 crore, this significant infrastructure initiative comprises three supercritical thermal units of 660 MW each, totalling an installed capacity of 1,980 MW. The project is spearheaded by Neyveli Uttar Pradesh Power Ltd (NUPPL), a joint venture between NLC India Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd. The remaining two units are anticipated to become operational within the current financial year, bolstering the region's energy reliability.Read more
03 Jun 2025
Construction of Jaipur Metro Phase 2 is expected to begin soon, enhancing the city's urban transport network. The 42.80 km corridor will stretch from Todi Mode to Prahladpura, connecting key residential, commercial, and industrial hubs, including VKI and Sitapura industrial areas. The Rajasthan Metro Rail Corporation (RMRC) has submitted the Detailed Project Report (DPR) to the Union Ministry of Housing and Urban Affairs; approvals and tendering are awaited, with construction likely to start before Diwali. The INR 12,260 crore project will feature 36 stations, including two underground, and will be financed through government funding and institutional loans. Designed to alleviate Jaipur's traffic congestion, Phase 2 will be implemented in stages to minimise disruptions. With completion targeted in five years, the metro's expansion will improve mobility, reduce commute times, and support Jaipur's growing urban infrastructure needs.Read more
03 Jun 2025
Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) and NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Ltd, inked a Joint Venture Agreement (JVA) in Mumbai earlier this week. This strategic alliance aims to spearhead renewable energy development across Maharashtra, beginning with 500 MW and scaling up to 5000 MW. The new joint venture company (JVC) will focus on solar, wind, hybrid, floating solar, battery energy storage systems (BESS), pumped storage, and solar parks. NIRL will hold a 74% stake in the JVC, while MAHAPREIT will hold the remaining 26%.Read more