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Jaiprakash Associates said today that alongwith JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan. Jaiprakash Associates Ltd (JAL), part of the Jaypee group, also said that the Jaypee Infratech LtdBSE -0.71 % (JIL) has more assets than liabilities and it is […]

Rai Saheb Rekhchand Mills (RSR) has entered into a joint venture (JV) with Armors Developers for the multi-use development of its infrastructure project worth Rs 90 crore. Project, under Mohota Realities and Infra with a development target of 3,00,000 sq ft, will be completed in 19 months with the help of a special purpose vehicle […]

Real estate developers, Ruparel Realty has launched two signature projects in Kandivali West, Mumbai. In the affordable housing segment, the company has launched Phase-II of Ruparel Optima, while the other project, Ruparel Palacio will be a luxury property.Ruparel Optima Phase-II will have a total of 40 storeys. The one BHK furnished apartment will cost Rs […]

Piramal group today said it has sanctioned Rs. 400 crore loan to realty firm AIPL for the development of commercial assets in Gurugram. “Piramal Group has sanctioned Rs.400 crore loan against AIPL group’s commercial assets including ‘AIPL Joy Central’ which will be the group’s marquee commercial mixed use project located in Sector 65, Gurugram just […]

Simplex Infrastructure has bagged a contract to design and construct the Metro-2B Corridor from D N Nagar to Mankhurd. Government nodal agency, Mumbai Metropolitan Region Development Authority (MMRDA) has given its approval to Simplex Infrastructures which was the lowest bidder at Rs 1,080 crore.Company will construct 11 elevated stations from ESIC Nagar, Prem Nagar, Indira […]

In a major boost to the proposed Jewar International Airport project, estimated to cost Rs.20,000 crore, the UP government has appointed Yamuna Expressway as the nodal agency of the project and directed officials to expedite the land acquisition process for early launch of the ground work. CM has also asked for selecting the consultant soon […]

Airports Authority of India (AAI) plans to spend Rs.20,000 crore in the next five years in building new airports and upgrading the existing ones across the country. Airlines have already given estimate to add about 200 planes in the near future and to cater to the emerging requirement of the nodal agency that has decided […]

In a bid to de-congest heavy traffic at Chheda Nagar, the Mumbai Metropolitan Region Development Authority has planned three flyovers and one road construction work at an investment of Rs.249.29 crore. Tenders for the project have been floated in October and the submission date is in December. Work is expected to start by January 2018 […]

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs.4,023 crore across business segments. “Construction arm of L&T has won orders worth Rs 4,023 crore,” the engineering and construction major said in a BSE filing.L&T said its heavy civil infrastructure business has bagged orders worth Rs 1,906 crore in the domestic […]

Work on the elevated stretch of the phase I extension of the Chennai Metro Rail Limited (CMRL) is all set to start as the Rs.3,770 crore contracts for the mega project has been awarded for the construction of the viaduct and stations from Tondiarpet to Wimco Nagar. According to sources NCC Limited and Simplex Infrastructure […]