30 Jan 2025

The Pune Municipal Corporation (PMC) has requested 15 government land parcels from the state to fast-track several pending development projects. These include initiatives such as 24x7 water supply, road widening in various areas, and the creation of a playground in Shivajinagar. The civic administration highlighted that many projects have been delayed due to the unavailability of land. Once allocated, the state land will help move forward essential projects like roadworks, riverbank beautification, and construction of water tanks. The PMC has secured approval for the land acquisition, which will require INR 25 crore for the 15 parcels.Read more

30 Jan 2025

The Uttar Pradesh Cabinet has approved the issuance of municipal bonds worth INR 150 crore for Prayagraj, Varanasi, and Agra, offering an incentive of INR 13 crore per INR 100 crore raised. Each city will issue up to INR 50 crore in bonds to fund infrastructure projects, improving urban living conditions. This follows successful bond issuances in Lucknow and Ghaziabad. Additionally, a residential project, a 100-meter-wide inner ring road, and a land parcel scheme in Agra received approvals, supported by an ex-gratia allocation of INR 204.34 crore to bridge land price gaps for development.Read more

30 Jan 2025

CtrlS Datacenters, Asia's largest Rated-4 datacenter company, has announced plans to develop a 40-acre Datacenter Park at the upcoming Chandanvelly Industrial Park near Hyderabad. The new facility is set to boost the company's capacity and position Hyderabad as a major hub in India's rapidly growing datacenter industry. The planned facility will have an IT load capacity of over 600 MW, significantly enhancing Hyderabad's current datacenter capacity, which is estimated at 52 MW.Read more

29 Jan 2025

The Hyderabad Metropolitan Development Authority (HMDA) plans to raise INR 20,000 crore to finance major infrastructure projects, including two elevated corridors, a cable bridge, and nine radial roads linking the Regional Ring Road. To facilitate this, HMDA has invited expressions of interest (EOI) to appoint an advisor-cum-merchant banker for fund mobilisation via bond issuance. The advisor will oversee structuring, credit enhancement, and legal processes. With an immediate requirement of INR 5,000 crore, HMDA aims to pledge assets to attract investors after shelving its initial land auction plans due to weak market conditions.Read more

29 Jan 2025

The Greater Cochin Development Authority (GCDA) is seeking expressions of interest for two major infrastructure projects in Kadavanthra and Kakkanad through public-private partnerships (PPP). The INR 70 crore Kadavanthra twin-tower project will replace the existing 50-year-old GCDA quarters, with one tower serving as new GCDA quarters and the second managed by a private developer. The Kakkanad project, located on 129 cents along Seaport-Airport Road, will feature a modern mixed-use complex with office spaces, shopping malls, and residential units. These initiatives aim to revitalize urban infrastructure and promote economic growth in the Kochi region.Read more

29 Jan 2025

The Maharashtra Industrial Development Corporation (MIDC) is moving forward with the Purandar airport project by seeking financial support from banking consortiums and private institutions instead of state funds. The estimated cost of acquiring 2,832 hectares of land across seven villages ranges between INR 6,000-8,000 crore. With the Maharashtra government focused on welfare schemes, MIDC aims to avoid burdening the state exchequer. The land acquisition notification is expected by February, with the airport slated for completion by March 2029. Officials anticipate significant economic growth and job creation, positioning Pune as a key aviation and business hub in the region.Read more

28 Jan 2025

The Mumbai Metro Rail Corporation (MMRC) has cancelled its tender for property development at Nariman Point, a prime business district in South Mumbai, following a formal request from the Reserve Bank of India (RBI). The RBI requested the land for its offices, and the MMRC board approved the proposal accordingly. The project, initially promoted through extensive outreach and roadshows across major cities, was aimed at utilising a premium land parcel. MMRC did not disclose the size of the land but confirmed its decision aligns with the request made by RBI.Read more

28 Jan 2025

The Chandigarh UT administration is set to launch major infrastructure projects in the upcoming financial year, including the construction of over 600 new housing units and a state-of-the-art District Commissioner (DC) office in Sector 17, costing INR 125 crore. Plans also include INR 50 crore upgrades for heritage auditoriums in government colleges and a new INR 98 crore Police Training Centre in Sarangpur. Housing demand remains high, with new units planned in Dhanas and Sectors 20, 43, and 46. These initiatives aim to enhance administrative efficiency, education, and law enforcement facilities while addressing the city's housing needs.Read more

28 Jan 2025

Uttar Pradesh Chief Minister Yogi Adityanath has instructed officials to accelerate development projects in Gorakhpur by increasing manpower and ensuring strict accountability. He mandated the appointment of nodal officers for each project, with weekly updates to the District Magistrate and fortnightly reviews. Emphasizing public participation, Adityanath stressed prompt grievance redressal via the CM Helpline and proactive engagement with entrepreneurs to boost economic growth. Law and order were also reviewed, with a focus on curbing organized crime and regulating street vendors. The meeting concluded with the inauguration of a new conference hall to facilitate administrative discussions.Read more

28 Jan 2025

An Integrated Command and Control Centre (ICCC), designed as a critical component of the Advanced Traffic Management System (ATMS), is nearing completion near Breach Candy. This facility will centralise traffic monitoring, air quality assessment, and emergency response for the coastal road. Equipped with state-of-the-art technologies like CCTV, sensors, and SCADA systems, the ICCC will ensure seamless operations, even during power outages. The building’s strategic location close to the tunnel guarantees optimal technical efficiency. Once operational, it will serve as a backup disaster control hub, enhancing safety and functionality for commuters.Read more