16 Jan 2025

At a real estate conference, Andhra Pradesh Chief Minister N. Chandrababu Naidu outlined his vision for revitalizing the state's real estate sector. Emphasizing the need for a robust construction policy, Naidu tasked Municipal Minister P. Narayana with drafting India's best real estate framework. The plan includes a streamlined permit dashboard, deemed approvals for delayed applications, and adopting successful policies from other regions. Naidu also urged developers to avoid unauthorized construction and integrate technologies like AI for efficiency. Highlighting urban development beyond metropolitan areas, Naidu aims to position Andhra Pradesh as a premier real estate investment destination through innovation and proactive governance.Read more

15 Jan 2025

Prime Minister Narendra Modi recently inaugurated and laid the foundation for multiple landmark projects in Andhra Pradesh, totalling investments exceeding INR 2 lakh crore. These initiatives include India's largest green hydrogen hub, the South Coastal Railway Zonal Headquarters, and the Krishnapatnam Industrial Node. Notably, the bulk drug park in Nakkapalli and the Krishnapatnam Industrial Area are set to create significant employment opportunities and promote economic growth. These ventures aim to enhance connectivity, boost Andhra Pradesh's infrastructure, and position it as a key economic player in India's economy.Read more

15 Jan 2025

The Pune Municipal Corporation (PMC) approved 16 high-rise projects in 2024, a 78% increase from 2023, marking the highest approvals since 2016. Defined under the UDCPR as buildings over 24 meters tall, some of these new projects reach up to 160.45 meters and are concentrated in areas like Balewadi, Kharadi, and Bopodi. While urban planners support vertical growth for urban densification, concerns remain about strained infrastructure. PMC officials emphasize rigorous scrutiny and improved infrastructure, including twin water pipelines, but residents fear increased traffic and water shortages. The PMC must balance urban growth with essential infrastructure to ensure sustainable development.Read more

15 Jan 2025

Maple Infrastructure Trust (MIT) is expanding its toll road portfolio with the acquisition of five key projects across West Bengal, Odisha, Karnataka, Maharashtra, and Chhattisgarh. Covering over 400 km, these assets include six-lane and four-lane tollways developed under NHAI concession agreements. Backed by CDPQ Infrastructures Asia and 360 ONE Private Equity Fund, MIT's move underscores its strategy to strengthen its road asset base. The acquisitions, cleared by the CCI, are part of a broader trend in infrastructure trusts leveraging global partnerships. This step enhances MIT's leadership in India's highway sector and aligns with the nation's infrastructure development goals.Read more

15 Jan 2025

The Brihanmumbai Municipal Corporation (BMC) has set a record budget of INR 60,000 crore for FY 2024-25, focusing on roads, bridges, stormwater drains, and sewage management. Major allocations include INR 12,000 crore for roads like the Goregaon-Mulund Link Road and INR 26,000 crore for sewage treatment plants in Dharavi, Ghatkopar, and Bandra. Despite these investments, critics highlight delays and lack of transparency in fund utilization, especially since the suspension of elected representatives in 2022. The BMC has invited public feedback on the budget by January 17, 2025, aiming to enhance citizen involvement and accountability in addressing Mumbai's pressing infrastructure challenges.Read more

14 Jan 2025

Telangana, aspiring to contribute USD 1 trillion to India's USD 5 trillion economic target, has sought Prime Minister Narendra Modi's approval for critical infrastructure projects, including Hyderabad Metro Rail's Phase 2 and the Kazipet railway coach factory. Chief Minister A Revanth Reddy emphasized the state's need for robust railway infrastructure, proposing a Machilipatnam-Telangana railway line and a regional ring rail system. Union Ministers highlighted transformative railway upgrades, including the INR 430 crore Charlapalli terminal and investments exceeding INR 2,000 crore in Telangana's railways. With major road and rail projects underway, Telangana is set to bolster its industrial growth and national economic contributions.Read more

14 Jan 2025

Tidel Park Limited, a joint venture between Tamil Nadu Industrial Development Corporation (TIDCO) and Electronic Corporation of Tamil Nadu (ELCOT), has made a payment of INR 12.8 crore to the Trichy corporation to begin the preliminary construction work for its upcoming park in Panjapur. This payment will facilitate the relocation of two underground drainage (UGD) pipelines passing through the site. With construction for phase I set to begin by the end of January, the park is expected to provide 5.5 lakh square feet IT office space and create over 5,000 jobs.Read more

14 Jan 2025

The Madhya Pradesh Industrial Development Corporation (MPIDC) has acquired over 400 hectares of private land to launch the second phase of the Vikram Udyogpuri industrial area in Ujjain, aimed at attracting more investments. With the first phase nearly at full capacity, MPIDC has started the process of acquiring land, and a detailed project report will be prepared soon. This project will be highlighted at the upcoming Investors' Summit 2025 in Bhopal. Already home to 58 industries, the industrial zone has attracted significant investments and aims to improve infrastructure with the installation of a 5.2 MLD common effluent treatment plant.Read more

13 Jan 2025

The finance ministry has recommended that banks and non-banking financial companies (NBFCs) increase their participation in financing large-scale infrastructure projects, crucial to India's goal of achieving developed nation status by 2047. M Nagaraju, secretary of the Department of Financial Services, emphasised the need for innovative financing and pooling resources for large projects. He further stressed the importance of risk management and maintaining timelines for project viability. India Infrastructure Finance Company (IIFCL) has sanctioned significant loans and is expected to lend more in the coming years. IIFCL's CEO P R Jaishankar expressed optimism that the upcoming Budget will prioritise infrastructure investments and advocated for private sector involvement in sectors like Indian Railways.Read more

13 Jan 2025

Ashoka Buildcon Ltd., through its subsidiary Ashoka Bowaichandi Guskara Road Pvt Ltd., has entered into a concession agreement with the National Highways Authority of India (NHAI) for a significant highway project valued at INR 1,391 crore. The project involves developing a four-lane economic corridor spanning 89.8 kilometres from Bowaichandi to the Guskara-Katwa Road Section. This initiative will enhance regional connectivity and contribute to local economic growth. Known for its reliable project execution, Ashoka Buildcon is further solidifying its position in India's infrastructure sector.Read more