Nirala World Plans Rs 10 Billion Mixed Use Duo in Noida
Real estate developer Nirala World will invest about Rs 10 billion in two mixed use schemes—Nirala Gateway in Sector 12 and Nirala Diadem in Sector 10—both in Greater Noida West. Each project covers roughly 10,600 square metres and will combine retail floors, office space and serviced studio apartments.Land acquisition is budgeted at around Rs 2 billion per project, while construction is estimated at Rs 3–3.5 billion for each site. More than 500 studio units, priced at about Rs 6.5 million apiece, will be managed by an international operator.Nirala World..
Titagarh Wins Rs 4.31 Billion Order For Pune Metro Trains
Shares of Titagarh Rail Systems advanced on Monday after the company announced a fresh contract for the Pune Metro Rail Project. The stock touched an intraday high of Rs 961.80 on the NSE, up 2.72 per cent, before easing to Rs 949.20—still 1.37 per cent above Friday’s close.In a regulatory filing, the consortium of Titagarh Rail Systems and its associate, Titagarh Firema S.p.A., said it had received a Letter of Approval from Maharashtra Metro Rail Corporation Ltd for the supply of 12 additional electric multiple unit trainsets. The order, issued under a quanti..
Western Railway Seeks Rs 3.95 Billion Fee for BMC Water Pipelines
Western Railway has invoiced the Brihanmumbai Municipal Corporation for Rs 3.95 billion in Right of Way (RoW) licence fees covering a ten year period for underground water pipelines laid beneath railway land across Mumbai. The demand, disclosed through an RTI query by railway activist Samir Zaveri, requires payment in advance.These pipelines deliver filtered drinking water to millions of residents. Railway officials have based the charge on current market values of the land above the pipes, a valuation that has astonished civic authorities and policy experts.Zaveri points out that BMC su..
Latest Updates
