The government of Uttar Pradesh is gearing up to launch private industrial and infrastructure projects worth nearly Rs 10 trillion by December, as part of its efforts to establish the state as a preferred investment destination. These projects stem from the 19,000 investment proposals totalling Rs 35 trillion received during the UP Global Investors Summit. Initially slated for August or September, the ceremony for these projects is now expected to be held in November or December due to departmental delays. The state aims to attract investors and industrialists to boost its economy and achieve the goal of becoming India's first $1 trillion economy....
Haryana CM greenlights Faridabad's visionary Development Plan-2031 near Jewar Airport
Author : PNT Bureau
Haryana Chief Minister Manohar Lal Khattar has given the green light to the Faridabad Development Plan-2031, a strategic vision for the city's growth. The plan designates the area near the Yamuna canal as a "controlled area" and capitalizes on the opportunities stemming from the development of the Jewar Airport in Noida. During a meeting of the Faridabad Metropolitan Development Authority (FDA), a budget of Rs 878.23 crore was approved for 2023-24, with a focus on infrastructure, citizen services, and environmental improvements. The plan addresses critical aspects like water supply and sewage treatment, as well as road enhancements and enhanced security measures through CCTV surveillance. This marks a significant step towards Faridabad's comprehensive development....
Chennai Airport initiates T3 Terminal demolition for major modernization project
Author : PNT Bureau
Chennai Airport is set to demolish its T3 terminal next month to make way for a modern integrated terminal as part of a major upgrade project worth Rs 2,467 crore. The initial steps involve dismantling electrical equipment, with the demolition expected to last 2-3 months, followed by construction of the new terminal. This project, spread across a vast area, aims to double the airport's passenger capacity to 35 million annually by 2025. The first phase of the new terminal has already opened, signalling progress towards this ambitious goal....
IRB Infrastructure secures financing for Gujarat's Samakhiyali-Santalpur Highway Project
Author : PNT Bureau
Samakhiyali Tollway Private Limited, a subsidiary of IRB Infrastructure Developers, has secured financial closure for the Samakhiyali-Santalpur BOT highway project in Gujarat, India, with a total cost of Rs 2,092 crore. The project will be executed under the Build Operate and Transfer (BOT) mode. Lenders have extended Rs 1,446 crore in debt support, while the remaining Rs 646 crore will come from equity contributions and internal accruals. This achievement follows the recent commencement of the Hyderabad Outer Ring Road project, and IRB has now achieved financial closure for all projects in its portfolio, with a focus on execution and future opportunities....
GIFTCL announces development plans for GIFT City's social infrastructure zone
Author : PNT Bureau
Gujarat International Finance Tec-City Company Ltd (GIFTCL) has announced plans for a dynamic social infrastructure zone spanning approximately 20.5 acres within GIFT City. This development will include entertainment, recreational, and retail facilities, as well as a massive Ferris wheel called the "GIFT Eye." The Ferris wheel, projected to reach 158 meters in height, aims to redefine the city's skyline. GIFTCL has invited bids for this ambitious project, with strict financial and experience criteria in place for potential bidders. This endeavour is expected to breathe life into GIFT City, solidifying its position as a global fintech and business hub....
Uttar Pradesh government launches a 750-acre township in Paratpur, Meerut
Author : PNT Bureau
The Uttar Pradesh Urban Development Ministry has recently granted approval for a 750-acre township in Paratpur, Meerut. Spearheaded by the Meerut Development Authority, this project is located near the Delhi-Meerut rapid rail transit system, with an estimated land cost of Rs. 2,000 crore. The government has pledged 50% of this amount as a long-term, interest-free loan. This visionary project aligns with the impending completion of the Rapid Rail Transit System (RRTS) by 2025, aiming to optimize residential, commercial, and recreational spaces near transportation hubs. It will significantly ease daily commutes to Delhi, Noida, and Gurgaon, while also enhancing property values and expediting infrastructure development along the rail corridor....
The Delhi Master Plan 2041 is set to generate economic opportunities worth $100 billion
Author : PNT Bureau
The approval of Delhi Master Plan 2041 is anticipated to unlock a substantial USD 100 billion economic opportunity over the next two decades, driven by increased development activities and private sector investments. Delhi Consortiums, specializing in real estate advisory and development under the plan, is leading this initiative. Policies like the Green Development Area Policy and Land Pooling Policy, especially in areas bordering developed sectors, have garnered investor interest. This transformative project will position Delhi as a key services hub, unlocking real estate opportunities across 165 villages and increasing per capita income significantly....
Bhopal's ambitious Smart City vision faces eight-year stalemate
Author : PNT Bureau
Despite grand promises and an estimated Rs 300 crore generated from land sales, Bhopal's Smart City Development Corporation Limited (BSCDCL) finds itself far from achieving its goals eight years into the project. Residents continue to grapple with non-functional LED streetlights, leaving certain areas in darkness. BSCDCL's focus on land monetization and a lack of progress in implementing essential features have fuelled frustration. Controversies over tree felling, outsourced projects, and political setbacks have further hindered the dream of a smart Bhopal. As another state election looms, the smart city project remains a symbol of unfulfilled aspirations....
VMRDA initiates development of 46 RC layouts to for Visakhapatnam farmers
Author : PNT Bureau
Visakhapatnam Metropolitan Region Development Authority (VMRDA) is embarking on a significant project, constructing 46 reconstituted (RC) layouts over approximately 1,215 acres for farmers who participated in the land pooling process for one-cent layouts. The initiative comes at a cost of around Rs 200 crore. This follows the pooling of 5,000 acres for one-cent layouts in the combined Visakhapatnam district, with VMRDA undertaking the responsibility to create these layouts. Notably, VMRDA has already developed 83 one-cent layouts, covering over 4,800 acres, benefiting around 1.42 lakh homeless individuals....
BDA's Holistic Approach: Six new town planning schemes for Bhubaneswar
Author : PNT Bureau
The Bhubaneswar Development Authority (BDA) is embarking on six new town planning schemes in Chandaka and Pahala areas to facilitate the holistic development of the city. Previously, BDA completed four similar schemes in Tamando and Chandaka, involving the acquisition of private plots from landowners and their subsequent development in an organized manner. These initiatives covered multiple villages and spanned approximately 1,596 acres. The BDA has a larger vision, with plans to execute 45 town planning schemes across 58 revenue villages, covering a total area of 9,171 acres, signifying a commitment to urban development and infrastructure enhancement....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
