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EIB to provide €300 million for Bangalore Metro Phase II - Line R6.
13 Oct 2017
Bangalore Metro Rail Project Phase II envisages extension of East-West & North-South lines for Bangalore Metro Rail which includes a total length of 72.095 km (13.79 km underground) and 61 stations with 12 underground stations....
MEPMA obtains sanction for more than one lakh new house construction in Telangana
13 Oct 2017
Mission for Elimination of Poverty in Municipal Areas (MEPMA) of the Department of Municipal Administration & Urban Development is designated as the State Level Nodal Agency (SLNA) for implementation of PMAY under ‘Housing for All Mission’ in Telangana....
Affordable housing shows upward trend
13 Oct 2017
According to a recent report released by Cushman and Wakefield, the affordable housing segment is showing upward trend. Due to Government incentivisation, the affordable housing has witnessed 27% jump in new units launched across top eight cities. Around 10,500 units out of 26000 units were launched in Mumbai alone in 2017 so far. The report is optimistic about the segment gaining momentum further....
SBI to fund affordable housing projects in Maharashtra
16 Oct 2017
Public sector bank, State Bank of India (SBI) is gearing up to fund the affordable housing projects in Maharashtra. The leading bank is likely to ink an MoU with the Maharashtra government-owned PSU Shivshahi Purnarvasan Prakalp (SPPL) for financing affordable housing projects under the State’s slum rehabilitation schemes....
Orient Cement targets 15 MTPA by 2020
13 Oct 2017
Orient Cement has an aggregate cement manufacturing capacity of 8 MTPA with a clinker manufacturing capacity of close to 6 MTPA. The company aims to touch 12 MTPA output in the current year after the acquisition of Jaypee Group's cement assets. The company is targeting a production capacity of 15 million tonne per annum production by 2020....
Power minister reviews Power sector development in J&K
12 Oct 2017
Union Minister of State (IC) for Power and New & Renewable Energy, Shri R.K. Singh has recently reviewed and emphasised on expediting power sector developmental projects in the State of Jammu & Kashmir...
German railways to collaborate on running high speed rail
12 Oct 2017
Indian Railways aims to run high speed trains on certain sectors across the country. As part of this scheme, the railways have signed Joint declaration of intent with German Railways to conduct feasibility study on existing Chennai-Kazipet corridor for increasing the speed trains to 200 kmph....
285 new irrigation projects to start by next year
12 Oct 2017
Nitin Gadkari, Union Minister of Water Resources, River Development and Ganga Rejuvenation, Road Transport & Highways and Shipping has recently said that 285 new irrigation projects will be taken up by next year to provide irrigation for 1 crore 88 lakh hectare of land....
Metro rail corridor grows to 386-km
10 Oct 2017
The metro rail corridor in the country is growing with every project commissioned. The Centre expects the total length of Metro rail corridor in the country to become 600 km by 2020. With the service extension of the Kochi Metro till Maharaja’s College Ground, the total length of the Metro rail corridor operational in the country has become 383 km. Various metro projects comprising 523 km are under construction across the country....
NHAI to upgrade NH-520 from Rimuli to Rajamunda
10 Oct 2017
National Highways Authority of India (NHAI) plans to upgrade NH-520 from Rimuli to Rajamunda on EPC (Engineering, Procurement, Construction) mode. The project is estimated to cost Rs 1,688 crore and will be implemented in two packages....
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