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Meenakshi Group, a diversified player based in Hyderabad, has announced the creation of a $10-million fund, ‘Meenakshi Multiples’, to invest in promising start-ups. Meenakshi Multiples announced its first investment by picking up a six per cent equity in Hyderabad-based co-working venture ‘iKeva’ for an undisclosed sum. https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/article26066403.ece

Global furniture major IKEA Group has entered into a strategic alliance with realty developer Rustomjee Group to provide furnished apartments in the latter’s residential project.  IKEA India will provide ready-to-assemble furniture for around 1,200 apartments in Rustomjee’s project Global City Virar near Mumbai. The project will offer 1 and 2 bedroom apartments at prices starting from […]

Arvind SmartSpaces, the realty arm of fashion and apparel brand Arvind said it plans to invest ₹ 250 crore this year for acquiring and developing new projects across the country. The company is also exploring and evaluating other markets such as Hyderabad for potential opportunities. In Pune, the company is developing a residential project ‘Arvind Elan’ spread […]

Diversified conglomerate Adani group will invest Rs 70,000 crore over the next 20 years to build solar powered data centre parks of up to 5 gigawatts in and around Visakhapatnam in Andhra Pradesh, its single largest investment till date. https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/andhra-pradesh-government-inks-pact-with-adani-group-for-rs-70000-crore-data-centre-parks/articleshow/67460172.cms

India has released Rs 193.16 crore from the Rs 1,830.87 crore fund approved for the construction of Kalewa-Yagyi road section and to build bridges on the India-Myanmar-Thailand trilateral highway. The 1,360 Km lone India-Myanmar-Thailand trilateral highway is an initiative of the three countries. https://www.business-standard.com/article/economy-policy/govt-releases-rs-193-16-cr-fund-for-india-myanmar-thailand-highway-project-119010300502_1.html

Larsen & Toubro (L&T) said its construction arm has won orders worth Rs 1,060 crore in the domestic market. The smart world and communication business has secured a major order from the Andhra Pradesh State FiberNet Limited (APSFL) for Bharatnet Phase-II works to establish an IP/MPLS Infrastructure covering the 13 districts of Andhra Pradesh. The […]

The Union Housing and Urban Affairs Ministry initiated several schemes in 2018 and plans to sanction construction of 10 million houses before 2020 under the Pradhan Mantri Awas Yojana (urban), a move aimed at ensuring ‘housing for all by 2022’. The ministry is mandated to implement a number of flagship programmes – Swachh Bharat Mission, […]

Larsen & Toubro (L&T) said its construction arm of has won orders worth Rs 23.57 billion in the domestic market. L&T’s water and effluent treatment and transportation infrastructure business has secured order worth Rs 12.81 billion from Andhra Pradesh Capital Region Development Authority (APCRDA). The order is for activities including investigation, design and construction of […]

Institutional investments in real estate sector touched $5.5 billion in 2018, the highest since 2009, on the back of transformative policy reforms and a growing risk appetite of foreign and domestic institutional investors. Institutional investments in 2014-2018 doubled to $20.3 billion compared to $9.4 billion during 2009-2013. The trend suggests that the market offers tremendous […]