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1.UP promoting high-tech townships

Uttar Pradesh Government is promoting high-tech townships, which promise an advanced lifestyle for residents with better quality of living, work and entertainment facilities.

2.Mending Fences

Aradhana Bhansali, Partner-Rajani, Singhania and Partners gives us an insight into dispute resolution in FIDIC-based PPP contracts.A JV operated through the partnership of government and private sector to carry out public service or a public project

3.UP to build 170 km expressway

The Uttar Pradesh Expressways Industrial Area Development Authority (UPEIDA) signed an agreement with Infrastructure Development Corporation Limited (IIDC), the advisory and project development wing of IL&FS, to develop a 170 km expressway along the Upper Ganga Canal (UGC).

4.Parsvnath raises Rs 100 cr

Parsvnath Developers has raised Rs 100 crore by selling 49.9 per cent stake in a housing project at Ghaziabad to private equity (PE) firm Sun Apollo.

5.Paramount Group commences Noida project

Paramount Group of Companies has commenced work on Rs 400 crore housing project in Noida and is slated for completion in next 30 months.

6.ICICI Pru to invest Rs 75 cr in Kanakiya Group project

ICICI Prudential Portfolio managers are planning to invest Rs 75 crore in the upcoming commercial project of the Kanakiya group in Mumbai.

7.Parsvnath plans to raise Rs 200 cr from PEs

Parsvnath Developers, a real-estate firm, plans to raise Rs 200 crore by offering stakes in its projects to private equity investors.

8.Uttar Pradesh

Real estate in Uttar Pradesh, the fifth largest state in India, is booming.

9.RIL, IL&FS JV to set up model township in Haryana

Reliance Ventures has formed a JV with Infrastructure Leasing and Financial Services (IL&FS) to develop a model economic township and other infrastructure facilities at Jhajjar in Haryana.

10.Work on Ghaziabad-G Noida link road set to begin

Work on the proposed link road between Ghaziabad and Greater Noida is finally set to take off after a delay of almost seven years.