Omaxe Launches Rs 10 billion Township Project in Amritsar
Real estate major Omaxe has launched a new integrated township, New Amritsar, on the GT Road corridor with an investment of over Rs 10 billion. The company has acquired 260 acres for the project, of which 127 acre will be developed in the first phase through its subsidiaries. Strategically located just 12 minutes from the Golden Temple, the township will include residential plots of 300, 500, and 1000 sq yards, along with commercial spaces, a school, a hotel, an exclusive clubhouse, and infrastructure amenities such as 24x7 security, wide internal roads, landscaped greens, and utility ser..
Johnson Controls Debuts OpenBlue Workplace in the Middle East
Johnson Controls (NYSE: JCI), a global leader in smart and sustainable building solutions, has announced the Middle East launch of its OpenBlue Workplace platform, with Dubai serving as the strategic hub. The launch comes as the MEA smart building market is projected to grow from USD 8.06 billion in 2023 to USD 47.52 billion by 2030, according to Grand View Research. OpenBlue Workplace is an Integrated Workplace Management System (IWMS) that enables organisations to enhance real estate efficiency through intelligent space use, workplace planning, asset management, and data-driven decision..
NHAI Unveils First Asset Monetisation Strategy for Road Sector
In a major step towards financial innovation in infrastructure, the National Highways Authority of India (NHAI) has released its first-ever Asset Monetisation Strategy for the Road Sector. The strategy aims to unlock the value of operational national highways and attract greater private sector participation via Public Private Partnership (PPP) models. The document outlines a comprehensive framework for raising capital through Toll-Operate-Transfer (ToT), Infrastructure Investment Trusts (InvITs), and securitisation. These instruments have already helped NHAI mobilise over Rs 1.4 trillion ..
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