Signature Global Awards Rs 5.6737 Billion Contract for Daxin Vistas

19 Feb 2025 CW Team

Signature Global (India), a leading real estate brand, has awarded construction contracts worth Rs 5.6737 billion (bn) for Daxin Vistas, an integrated township in Sohna, South of Gurugram. The announcement came during the Bhoomi Pujan ceremony, where the sample flat was also unveiled.

The contracts were secured by B. L. Gupta Construction (P) Ltd. for Rs 4.82 bn to develop 2,792 independent floors in 36 months, while Shri Balaji Construction will execute external works, including sewage treatment, stormwater drainage, irrigation, and rainwater harvesting, for Rs 853.7 million.

Lalit Kumar Aggarwal, Co-founder & Vice Chairman, Signature Global (India), stated, ""Daxin represents meticulous planning, superior craftsmanship, and sustainable development, reinforcing our commitment to quality and customer trust.""

Spanning 125 acre, Daxin is strategically located near the Delhi-Mumbai Industrial Corridor (DMIC), with seamless connectivity to Golf Course Road, Delhi-NCR, and the Gurugram-Sohna Elevated Expressway.

Designed by Hafeez Contractor and Aedas, Singapore, the township integrates luxury residences, commercial spaces, and IT/ITES plots. Amenities include Club Anandam, a mini theatre, co-working spaces, a laundromat, a doctor’s room, and a grand entrance lobby, along with green spaces like the Miyawaki Forest, Reflexology Garden, and Butterfly Garden.

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Govt Plans Six-Month Import Relief for E-Bus, Truck Makers

The government is considering a six-month relaxation for electric bus and truck manufacturers, allowing them to import fully assembled motors containing heavy rare earth materials without losing eligibility for incentives under the Rs 109-billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The relief is expected to benefit companies such as Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, Olectra Greentech, Propel, and IPLT Demo. The exemption will apply provided all other localisation requirements are met.However, officials clari..