1.MEIL to construct Zojila Pass Tunnel

In a major development in the Zojila Pass Tunnel project in Jammu Kashmir - Ladakh, Megha Engineering and Infrastructure (MEIL) emerged as the lowest bidder by quoting Rs 45.099 million. The other two bidders in the running were Larsen & Toubro (L&T) and Ircon International JV. The contract was awarded to MEIL thus giving impetus to the long-stalled project in the right direction. National highways and Industrial Development Corporation (NHIDCL) had opened the bids on 14 August 2020.

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2.REITable office assets expected to be valued at $ 35 billion: JLL India

Bengaluru will provide highest REITable assets worth $10.7 billion

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3.JLL: Potential value of REITable office space assets at $35 billion

India has already seen its first REIT listing from Embassy Group-Blackstone JV in March this year

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4.Indian real estate market gets new boost with REIT

Marking a major milestone in the Indian real estate sector, ‘Embassy Office Parks’, a JV between the real estate company Embassy and private equity firm Blackstone has launched the country’s first Real Estate Investment Trust (REIT).

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5.Maharashtra Government to uplift the face of Dharavi

Approval for a SPV; global tenders to be invited for the project

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6.Transcon has about 8 million sq ft under development across Mumbai

Built on the idea of transformation, Mumbai-based Transcon Developers follows only one approach: future-centricity. From buying huge land banks to developing sustainable projects, the company is a vanguard of change in the edifices it constructs

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7.What do foreign investors in real estate look for?

Here’s how reforms have impacted the interest of overseas funds in India…

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