Sonowal Sets July 2026 Target for NMHC Phase One Completion

12 May 2026 CW Team

He framed the project as a landmark initiative to showcase India's maritime legacy and civilisational links with the seas under the prime minister's leadership and urged high quality standards. Officials were told to coordinate closely with the Ministry of Culture and the Ministry of Tourism to position the NMHC as a major tourism and cultural hub. A comprehensive calendar of events was requested to sustain visitor engagement and footfall.

The ministry highlighted the global dimension and the need for partnerships with neighbouring and maritime nations, including countries from ASEAN. It noted that India has already signed 10 MoUs with the Netherlands, Denmark, Germany, South Korea, the UAE and others, while four more countries are likely to sign for collaboration. Officials were instructed to pursue such agreements to raise the NMHC's international profile.

Phase one A, targeted for completion by July, will include six museum galleries, the Lothal township, aquatic and common area theming, a jetty walkway and the display of Indian Navy artefacts. Phase one B is expected to require an investment of approximately Rs 30 bn and will add eight museum galleries, a lighthouse museum, the Bageecha complex, Lothal?NI?VAV components and a 50?dome theatre. Once complete, the NMHC is intended to function as a global centre for maritime history and tourism.

The minister also reviewed measures for the safe passage of India bound ships in the Gulf of Straits near Iran and asked officials to take necessary steps. He sought clarity on the revenue model to ensure sustainable maintenance and long term viability. Officials were directed to prioritise timely completion while pursuing international collaboration and robust operational planning.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Union Minister Sarbananda Sonowal reviewed progress on the National Maritime Heritage Complex (NMHC) at Lothal and set July 2026 as the target for completion of Phase one, the ministry said. He directed officials to accelerate construction and ensure timely delivery of panels, mural work, ceiling fabrication and flooring. The minister stressed strict adherence to timelines to operationalise the complex. He framed the project as a landmark initiative to showcase India's maritime legacy and civilisational links with the seas under the prime minister's leadership and urged high quality standards. Officials were told to coordinate closely with the Ministry of Culture and the Ministry of Tourism to position the NMHC as a major tourism and cultural hub. A comprehensive calendar of events was requested to sustain visitor engagement and footfall. The ministry highlighted the global dimension and the need for partnerships with neighbouring and maritime nations, including countries from ASEAN. It noted that India has already signed 10 MoUs with the Netherlands, Denmark, Germany, South Korea, the UAE and others, while four more countries are likely to sign for collaboration. Officials were instructed to pursue such agreements to raise the NMHC's international profile. Phase one A, targeted for completion by July, will include six museum galleries, the Lothal township, aquatic and common area theming, a jetty walkway and the display of Indian Navy artefacts. Phase one B is expected to require an investment of approximately Rs 30 bn and will add eight museum galleries, a lighthouse museum, the Bageecha complex, Lothal?NI?VAV components and a 50?dome theatre. Once complete, the NMHC is intended to function as a global centre for maritime history and tourism. The minister also reviewed measures for the safe passage of India bound ships in the Gulf of Straits near Iran and asked officials to take necessary steps. He sought clarity on the revenue model to ensure sustainable maintenance and long term viability. Officials were directed to prioritise timely completion while pursuing international collaboration and robust operational planning.

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..

Real Estate

07 Jul 2026

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..

Infrastructure Urban

07 Jul 2026

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..