07 Jan 2025

The Andhra Pradesh Capital Region Development Authority (CRDA) has called for tenders for construction projects worth INR 1206 crore as part of the Greenfield Amaravati Capital project. The tenders focus on developing basic infrastructure such as roads, drainage, and water supply in specific zones of the capital region. Bids are due by January 21, with work expected to commence in February. The CRDA is also preparing additional tenders for major constructions, including key government buildings. The residential quarters for government officials, previously halted, are expected to be completed soon, marking a significant milestone.Read more

07 Jan 2025

India has committed INR 29 crore to the rehabilitation of the Karainagar Boatyard in Sri Lanka's Northern Province. The project, undertaken by the Cey-Nor Foundation Ltd under the Ministry of Fisheries, will involve civil works, installation of equipment, and services to revitalise the facility. The rehabilitated boatyard aims to enhance local fishermen's livelihoods, generate employment, and boost the fisheries sector. With a development assistance portfolio of over USD 5 billion, India has undertaken numerous people-focused projects in Sri Lanka, including housing, cultural, and infrastructure developments.Read more

06 Jan 2025

The development of Infopark Phase III in Kunnathunadu is facing delays due to unclear land pooling regulations. The Kerala government plans to acquire 300 acres under a pioneering scheme where landowners retain 60% of their land post-development, with its value expected to rise three to four times. Managed by the Greater Cochin Development Authority (GCDA), the project is critical as the existing Infopark campuses are fully occupied, with 120 companies awaiting space. Expected to attract INR 12,000 crore in investment and generate over 100,000 IT jobs, stakeholders urge swift resolution of regulatory ambiguities to maintain Kerala's competitive edge in the tech sector.Read more

06 Jan 2025

The Gelephu Mindfulness City project in Bhutan, championed by King Jigme Khesar Namgyel Wangchuck, promises to redefine regional connectivity and development, with Assam playing a pivotal role. Assam Chief Minister Himanta Biswa Sarma announced plans for a six-lane highway and a railway connecting Bongaigaon and Gelephu, enhancing bilateral trade and tourism. Additionally, Bhutan's proposal to share water resources with Assam for irrigation and renewable energy marks a step towards sustainable growth. The collaboration aims to position Assam as an investment hub complementing Gelephu's luxury-centric vision, fostering long-term economic synergies between the two regions.Read more

03 Jan 2025

Chhattisgarh is establishing a 141.84-acre pharmaceutical park in Naya Raipur's Sector-22, aiming to position itself as a central hub for pharmaceutical innovation and investment. Spearheaded by the Chhattisgarh State Industrial Development Corporation (CSIDC), the park will feature advanced infrastructure, including a flatted factory complex and a CETP. Supported by the 2024-30 industrial policy, incentives include SGST reimbursements, grants up to INR 300 crore, and tax exemptions. The park aligns with state healthcare initiatives like the Shaheed Veer Narayan Singh Ayushman Health Scheme, bolstering local employment and production of essential medicines, while attracting domestic and international investors.Read more

03 Jan 2025

State-owned NBCC has secured contracts worth INR 368.75 crore for various projects. A INR 300-crore order involves developing the Jawaharlal Nehru Commercial Complex in Varanasi on a self-sustainable model. Additionally, NBCC received a INR 24.38-crore contract for constructing the Mehta Family School of Data Science and Artificial Intelligence at IIT Roorkee, including internal systems like firefighting, lifts, and CCTV. Another INR 44.37-crore project from Power Grid Corporation entails building a 500-bed multi-storey Vishram Sadan at AIIMS Gorakhpur. Operating in PMC, EPC, and real estate, NBCC highlighted these orders as part of its regular business operations.Read more

02 Jan 2025

The central government has paused the Global City project in Ayyampuzha, part of the Kochi-Bangalore Industrial Corridor, citing a shift from its industrial focus to residential and real estate developments. Initially designed to complement the Industrial Manufacturing Cluster in Palakkad, the project envisioned IT hubs, financial institutions, and a tourism hub. Despite HUDCO's funding interest and land acquisition progress, concerns over its deviation from industrial goals stalled its approval. The state and central governments must collaborate to realign the project with KBIC's objectives, ensuring its industrial and economic potential is realized. Local demands for state intervention are growing.Read more

02 Jan 2025

The Chennai Metropolitan Development Authority (CMDA) is spearheading efforts to revitalise the Chennai Outer Ring Road (CORR) by initiating e-auctions of land parcels along the 62-km stretch. This project aims to convert the corridor into an economic powerhouse with industrial zones, urban forests, premium housing, and logistics hubs. Drawing lessons from successful corridor developments like the Delhi-Mumbai Industrial Corridor, the plan integrates modern infrastructure and sustainability. Strategic connectivity through metro expansions and a comprehensive flood management system underscores the project's long-term vision. If executed well, CORR could redefine Chennai's urban and economic landscape.Read more

02 Jan 2025

Bayview Projects, supported by filmmaker Boney Kapoor and Bhutani Infra, has submitted the master plan for the first phase of Noida International Film City. The project, located in Sector 21 along the Yamuna Expressway, is being developed in a public-private partnership on a 1,000-acre site, with 230 acres earmarked for the initial phase. Kapoor emphasised its potential to transform India's filmmaking industry by providing state-of-the-art facilities, including virtual studios, underwater filming capabilities, and a dedicated film university. Targeted for completion within three years of approval, the film city aims to attract global talent and position Noida as a leading international filmmaking destination.Read more

02 Jan 2025

The Haryana cabinet, led by CM Nayab Singh Saini, has reclassified Pataudi-Hailey Mandi and Farrukhnagar from 'low' to 'medium potential' zones under the Haryana Development and Regulation of Urban Areas Rules, 1976. This strategic move aims to spur economic growth and increase state revenue via higher development and license fees. While developers see this as an opportunity for modern projects and infrastructure improvement, residents express concerns about rising property costs and sustainability. Strategically located near Gurugram and key expressways, the zones are poised for growth, but balancing rapid urbanization with existing community needs remains a critical challenge.Read more