PMC’s riverfront development project gains traction

22 Nov 2021 CW Team

The Pune Municipal Corporation's riverfront development project, which is modelled after the Sabarmati riverfront development project, has piqued the interest of twelve companies.

In October, tenders worth Rs 360 crore were issued for the first phase. Due to a cost increase of around Rs 2,000 crore, the project is facing opposition. Activists and environmentalists have raised concerns about the project, claiming that it could result in flooding. They also claimed that cost-escalation occurred without proper public input.

On Wednesday, the tenders were released. Work will start five years after the announcement was made.

A senior PMC associated with the project, Mangesh Dighe, told the media that the tender received a lot of positive feedback. A total of 12 companies have expressed an interest. After a fortnight, when the deadline expires, the final figure will be known. Dighe said that the tender received a lot of positive feedback. A total of 12 companies have expressed an interest. After a fortnight, when the deadline expires, the final figure will be known.

The first phase will be completed from Sangam Ghat to Bund Garden, according to the tenders. Beautification of the banks, cycle paths, and Naik Island are all part of the project. This phase also includes a boating activity. Greenery will be developed on the tracks to maintain the temperature, according to the proposal. The project will be completed in 11 phases in total.

Image Source

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..