Tamil Nadu Sets Compensation For Parandur Airport Land
The Tamil Nadu government has approved the compensation payable to landowners for the proposed second Chennai airport at Parandur in Kancheepuram district, fixing payments at between Rs 3.5 million and Rs 25.7 million per acre. The figures were calculated from guideline values, recent sale prices and state level negotiations, according to a government order issued on 25 June by the Industries, Investment Promotion and Commerce Department.Although officials insist the package sits “well above market price”, residents of thirteen affected villages—who have opposed the scheme si..
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..
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