AMC Hit by Rs.459.4M Overrun

23 Dec 2024 CW Team

Ahmedabad Municipal Corporation (AMC) will incur an additional ?459.4 million (?45.94 crore) to engage new contractors for completing two delayed housing projects in Motera and Thaltej, following the blacklisting of the original firms.

The Housing Improvement and Urban Poor Housing Scheme Committee sanctioned the extra expenditure on Friday, authorizing fresh tenders to expedite the projects. While the housing committee chairman assured that the costs would be recovered from the blacklisted firms, insiders doubt the feasibility of reclaiming the funds.

In Motera-Koteshwar, the AMC had sanctioned a ?675.3 million (?67.53 crore) tender in 2019-20 for 1,520 housing units with infrastructure. However, Jyoti Infratech failed to deliver, leading to its blacklisting in June 2023 for five years. The revised tenders for the project now total ?1.0436 billion (?104.36 crore).

Similarly, a project in Thaltej, originally tendered at ?117.5 million (?11.75 crore) for 1,190 houses, was abandoned by Sanghani Infrastructure India Pvt Ltd. The AMC has approved a new proposal with a tender value of ?208.6 million (?20.86 crore).

Additionally, the housing committee extended project deadlines for Makarba, Sardarnagar, and Chandkheda, citing delays by contractors in meeting original timelines.

The escalating costs underscore the challenges AMC faces in managing urban housing initiatives amidst lapses in contractor accountability.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..