India's data centre expansion requires 10 million sq. ft of real estate
Author : PNT Bureau
The Indian data centre industry is gearing up for exponential expansion, with experts forecasting a staggering increase in capacity to 791 MW by 2026. This growth will necessitate an additional 10 million square feet of real estate space and attract investments totaling USD 5.7 billion. The surge is fuelled by the rising adoption of Artificial Intelligence (AI), which is driving demand for data storage and processing power. Cloud Service Providers (CSPs) are leading the charge, aligning their infrastructure to accommodate the AI-driven demand. India's commitment to AI development, coupled with its growing digital reliance, positions the nation as a global data hub....
Madhya Pradesh government announces the construction of two new IT Parks by 2025
Author : PNT Bureau
The Madhya Pradesh government is taking a significant step in establishing Indore as a premier IT hub by constructing two new IT parks, set for completion by the end of 2025. The Madhya Pradesh Industrial Development Corporation (MPIDC) confirmed the development of "IT Park-3" and "IT Park-4," which will join the existing four IT parks, increasing dedicated IT park space by 50%. IT Park-3 on Khandwa Road will span six acres with a 19-floor building, while IT Park-4 in Pardesipura Electronics Complex will cover 3,785 square meters, focusing on the ESDM sector. These projects aim to attract diverse tech companies and create thousands of jobs, positioning Indore as a key player in India's IT industry....
YEIDA plans new affordable housing scheme near Noida International Airport
Author : PNT Bureau
The Yamuna Expressway Industrial Development Authority (YEIDA) plans to launch an affordable housing project providing 6,500 residential plots in sectors bordering the upcoming Noida International Airport. The bulk of plots (6,000) measuring 30 sqm each are priced at INR 8 lakhs to promote home ownership among lower-income groups. A further 500 larger plots from 200-4,000 sqm will be allotted via lottery following guidelines. The scheme aims to enable housing for all socioeconomic classes as the airport area expands. Launch is scheduled post-elections once final approvals are in place....
BMC issues INR 151-crore tender for Topiwala Market redevelopment in Goregaon
Author : PNT Bureau
After years of stagnation, the redevelopment of Topiwala Market near Goregaon railway station is set to progress with a new INR 151-crore tender issued by the BMC. Designed by Shashi Prabhu and Associates, the 16-story building will feature a market on the ground and first floors, parking podiums, an 800-seat auditorium, and residential floors for hospital doctors. Initial reluctance from vendors and legal hurdles delayed the project, originally started in 2017. After the COVID-19 pandemic caused further setbacks, the BMC terminated the previous contractor and issued a new tender. The modern complex will integrate market spaces, an auditorium, and residential units, prioritizing accessibility, sustainability, and community engagement....
Mumbai Monorail to improve frequency with arrival of new rakes
Author : PNT Bureau
The Mumbai Metropolitan Region Development Authority (MMRDA) aims to add 10 new monorail rakes to its existing fleet servicing the 17km Chembur-Wadala to Sant Gadge Maharaj Chowk corridor in Mumbai. The procurement is aimed at addressing frequent breakdown-related delays on the line by improving service frequency and passenger capacity. With the induction of higher capacity rakes that can accommodate over 600 passengers, along with more frequent services, MMRDA expects ridership to increase substantially on the monorail network. The modernization of Mumbai's public transport is vital to support the city's growing population and economy....
Roadway Solutions secures INR 4,900 crore projects, expands order book to over INR 11,000 crore
Author : PNT Bureau
Pune-based Roadway Solutions India Infra Limited (RSIL) has secured two major infrastructure projects in Maharashtra, valued at a combined total of INR 4,900 crore (USD 590 million). This win strengthens RSIL's position in India's infrastructure sector. The projects include constructing a 24.5-kilometer access-controlled Pune Ring Road and a 13.43-kilometer expressway connector between Jalna and Nanded. These projects, along with recent equity infusion of USD 120 million, boost RSIL's order book to over INR 11,000 crore. Senior VP B.K. Singh emphasized RSIL's commitment to innovation and excellence in transforming India's infrastructure landscape....
BMC awards INR 1,300 crore tender to NCC Ltd for concretization of 215 roads
Author : PNT Bureau
The Brihanmumbai Municipal Corporation (BMC) has awarded a INR 1,300 crore tender to NCC Ltd for the concretization of 215 roads, marking a shift from traditional asphalt to more durable concrete surfaces. This project follows a terminated INR 1,687 crore contract with Roadway Solutions India Infra Ltd (RSIIL) due to slow progress and a subsequent INR 64.6 crore penalty. NCC Ltd's bid represents a 10% cost reduction. However, the monsoon season and upcoming state assembly elections will likely delay project initiation. The BMC will use this period to finalize road sequencing, relocate utilities, and obtain traffic clearances....
The Adani Group plans a USD 3 billion investment to expand its presence in ports along the India-Europe trade corridor, reflecting confidence in global trade growth. Adani Ports and Special Economic Zone Ltd (APSEZ), which handles 600 million metric tonnes (mmt) of cargo annually, aims to increase this to 800 mmt in two years. This will be achieved through strategic acquisitions in Europe, Africa, and Southeast Asia. Funded by cash reserves, internal profits, and debt, this expansion aligns with India's vision of stronger trade ties. APSEZ's revenue reached INR 226,711 crore (USD 28.3 billion) in 2023-24, with a 50% net profit increase....
BMC approves reconstruction of Curry Road, Matunga, and Mahalaxmi bridges
Author : PNT Bureau
In a joint meeting with MRIDCL officials, the BMC approved the reconstruction of Curry Road, Matunga, and Mahalaxmi bridges. The preliminary phase is underway, aiming to alleviate traffic congestion and save time and fuel. The BMC will fund the project, with MRIDCL handling construction. Additionally, progress on Ray Road, Byculla, Tilak, and Ghatkopar bridges was reviewed. The Ray Road Bridge is 77% complete, targeting a November 2024 opening. Meanwhile, Olivant, Arthur, and S bridges were deemed in good condition and will not undergo immediate reconstruction....
MoRTH keen on awarding over 3000 km of new projects and constructing 1700 km of highways
Author : PNT Bureau
The Ministry of Road Transport and Highways has outlined an ambitious 100-day action plan which would be following the recent elections. Key priorities in the plan include awarding over 3,000 km of new highway projects, constructing 1,700 km of roads, and implementing initiatives to enhance safety. The ministry is awaiting Cabinet approval for its proposed INR 20 trillion funding proposal to allow projects to progress. Other goals are operationalizing roadside amenities, launching alternative fuel vehicles, rectifying 'blackspots' and providing cashless treatment for accident victims. This comes as road accidents continue rising in India, with over 460,000 reported in 2022 alone. The ministry hopes its 100-day agenda, if implemented successfully, can boost highway development and improve safety....
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