Karnataka Govt Allocates Rs 70 Bn to Boost Bengaluru's Infrastructure

11 Mar 2025 CW Team

Karnataka Chief Minister Siddaramaiah has announced a Rs 70 billionbudgetary allocation to upgrade Bengaluru’s infrastructure, more than doubling last year’s Rs 30 billion. The funding will drive transport, drainage, and urban development projects to enhance the city’s livability and economic growth.

Key Infrastructure Initiatives Rs 89 billion for a 40.5 km double-decker flyover alongside Namma Metro Phase-3, easing traffic congestion. Rs 30 billion for a 300 km road network along canal buffer zones to improve connectivity. Rs 18 billion allocated for 21 projects under the Brand Bengaluru initiative for 2024-25. Bengaluru Metro expansion to 98.60 km within two years, with a focus on connectivity to Devanahalli Business Park and two upcoming IT parks. Rs 30 billion set aside for drainage and sewage infrastructure, managed by BBMP and BWSSB. Peripheral Ring Road project renamed as Bengaluru Business Corridor, with 27,000 crore allocated and land acquisition in progress. The 73 km road will be funded with assistance from HUDCO Bank. Strategic Development and Economic Growth Bengaluru, home to over 875 Global Capability Centres (GCCs), is set to benefit from a Special Purpose Vehicle (SPV) to ensure efficient fund utilization and expedite priority projects.

The city's commercial corridor linking Karnataka with Andhra Pradesh and Tamil Nadu will see major improvements, boosting investment and economic activity.

These ambitious projects reaffirm the Karnataka government’s commitment to transforming Bengaluru into a world-class metropolis with robust infrastructure and sustainable urban planning.

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..