PSP Projects wins Rs 1 billion GIFT City contract

23 Apr 2025 CW Team

PSP Projects has secured a Rs 1 billion order for civil and finishing work on the BIFC-2 building at GIFT City, Gandhinagar. The contract was awarded by Brigade (Gujarat) Projects and is scheduled for completion within 24 months.

The company clarified that this is not a related-party transaction, as neither promoters nor their associates have any stake in the awarding entity.

Known for its diversified construction portfolio, PSP Projects operates across industrial, institutional, government, and residential sectors.

Financially, the company reported a sharp 83.8 per cent drop in consolidated net profit to Rs 50 million in Q3 FY25, while revenue declined 10.6 per cent year-on-year to Rs 6.30 billion.

Despite the earnings slump, shares of PSP Projects inched up 0.13 per cent to Rs 636.95 on the BSE.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..