DARPG Releases 31st CPGRAMS Report for February 2025

Maharashtra, Blackstone Sign Deal for Logistics Parks

In a major boost to Maharashtra’s industrial infrastructure, the state government has signed a Memorandum of Understanding (MoU) with global investment firm Blackstone Group for the development of over 10 logistics and industrial parks across key locations in the state.The agreement, valued at Rs 51.27 billion in foreign direct investment (FDI), is expected to generate approximately 27,510 direct and indirect job opportunities.The MoU was signed by Dr P Anbalagan, Principal Secretary of Industries, and R K Narayanan, President of Horizon Industrial Parks — a Blackstone entity — at Sahyad..

NBCC Sells 446 Noida Flats for Rs 14.68 Bn

State-owned NBCC (India) Ltd has successfully sold 446 apartments in Noida for a total value of Rs 14.68 billion, conducted via e-auction.In a regulatory filing on Friday, NBCC confirmed the sale of 446 residential units at Aspire Silicon City, Phase IV, located in Sector 76, Noida, Uttar Pradesh. The total transaction amounted to approximately Rs 14.679 billion, and NBCC will earn a 1 per cent marketing fee on the sale value.The sales are part of the broader directive issued by the Supreme Court, which established the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE)..

Mahindra Lifespaces Eyes Rs 100 Bn Sales by FY30

Mahindra Lifespace Developers, the real estate arm of the Mahindra Group, is aiming to more than triple its sales to Rs 100 billion by FY30, up from Rs 33 billion achieved in FY25.Managing Director and CEO Amit Kumar Sinha stated that the company already holds 70–80 per cent of the land bank required to meet this target. “We’ve significantly scaled up our GDV (gross development value), but we’re not under pressure to chase land deals,” he said. GDV represents the estimated revenue a development project could generate upon completion.Mahindra Lifespaces’ annual GDV has expanded from..