Karnataka floats tenders for Chandapura Lake clean-up

03 Nov 2022 CW Team

After being pulled up by National Green Tribunal (NGT), the Karnataka minor irrigation department last week floated tenders worth Rs 25.30 million to carry out the restoration of Chandapura and Muthanallur lakes in the Anekal taluk of Karnataka by clearing encroachments.

According to the department, the restoration work has to be completed by mid-2023, before the onset of monsoon. The work involves desilting the lakes and making arrangements for the natural treatment of untreated water flowing into the lakes. The revenue department has been asked to conduct surveys of the lakes and remove encroachments.

Moreover, the bidder will also be responsible for the maintenance of Chandapura Lake for a period of two years.

The NGT last month imposed an environmental compensation of Rs 5 billion on the Karnataka government for its failure to maintain Chandapura Lake. It had taken cognisance of a newspaper report and constituted a joint committee to look into the violation of buffer zone and solid waste management guidelines at the lake.

The minor irrigation department has specified that all the relevant designs and drawings by the bidder for the restoration plan should be scrutinised by institutions such as the Indian Institute of Science (IISc) or the Indian Institute of Technology (IIT).

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..