Godrej Properties on land-buying spree for housing projects

17 May 2023 CW Team

Real estate company Godrej Properties will buy many land parcels this fiscal year with sales revenue potential of about 150 million after development in an effort to capitalise on the robust home demand. Godrej Properties was highly aggressive in its land purchase strategy during the most recent fiscal year, adding 18 additional land lots with a 320,000 million dollar post-development sales potential.

In response to a question regarding the FY24 guidance for new business development, which includes outright land purchases and joint development agreements (JDAs) with landowners, he stated that the amount has now been set at $150,000 million in this fiscal.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

29 Jun 2026

Third Railway Line Between Tatanagar And Adityapur Likely By September

The third railway line between Tatanagar and Adityapur is expected to be commissioned by September as work on the corridor advances, according to railway sources. The project to add a fourth line on the busy route is progressing and has been allocated Rs 50.89 billion (bn) in funding. The allocation underscores the focus on increasing capacity and easing congestion on the corridor. Relevant timetables are being adjusted to integrate the new capacity into regular operations. Construction activity has involved track laying, formation work and signalling upgrades along strategic stretches, with m..

Infrastructure Transport

29 Jun 2026

Indian Railways Approves Rs 2.7 bn Kavach Rollout in Odisha

Indian Railways has approved a Rs 2.7 billion (Rs 2.7 bn) plan to install the Kavach train collision avoidance system on 631 route kilometres in the East Coast Railway zone. The Ministry of Railways said the work will form part of a wider Kavach deployment programme that relies on an LTE based communication backbone rather than a standalone installation. The approval marks the latest stage in the steady expansion of the indigenous safety technology across the national network. The decision aims to enhance safety and reliability on corridors serving Odisha and adjoining areas. The project will ..

Infrastructure Transport

29 Jun 2026

Indian Railways Accelerates Modernisation Drive

Indian Railways utilised nearly 30 per cent of its capital expenditure budget for FY2026-27 within the first two months of the financial year, spending more than Rs 840 billion (bn) in April and May against a planned outlay of Rs 2.93 trillion (tn) for the year. The Union Budget allocated Rs 2.93 tn in total capex, comprising Rs 2.81 tn through gross budgetary support and Rs 120 bn from extra-budgetary resources. The early absorption indicates robust project execution and an aggressive infrastructure push. A significant share of the spending is being channelled towards track infrastructure, in..