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1.300 realty developers approach the Rs 125 bn AIF for financial support for projects

The government’s Rs 125 billion Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two housing projects. And, it reportedly expects to fully deploy its money in two years.

2.189.6 km Goa-Karnataka border highway project commissioned

Built at Rs 34.47 billion by IRB Infra, the project has a concession life of 28 years

3.Railways Capex for 2020-21 pegged at all time high

Target of new lines, gauge conversion and doubling/tripling for 2020-21 is 3,750 route km against 3,150 in 2019-20

4.Builders in Gurugram may face penalty of up to Rs 3 billion

The Haryana Real Estate Regulatory Authority (HRERA) will reportedly impose a penalty of about Rs 3 billion to Gurugram developers. As reported, the authority has, in the last two years, received 9,496 complaints, of which 6,598 have been disposed off or resolved. It has also issued 509 penalty notices to builders who have defaulted in terms of complying with various provisions of the real estate law. HRERA has imposed penalty of about Rs 400 million on builders so far.

5.Tenders floated for redevelopment of Nagpur station at Rs.4.65 bn

The Indian Railways Station Development Corporation has floated tenders for redevelopment of the Nagpur railway station at Rs.4.65 bn.

6.Rs.17.50 bn port planned at Bhavnagar

The Gujarat Maritime Board is planning to develop a brownfield port at Bhavnagar at over Rs.17.50 bn under the Swiss Challenge Route (SCR)

7.MADC awaits government order on proposed Purandar Airport

The Maharashtra Airport Development Company is reportedly awaiting an order from the state government regarding the proposed airport in Purandar.

8.Ludhiana to begin second phase of solar project soon

Ludhiana Smart City will soon begin Phase-2 of installing rooftop solar panels, under which government schools and colleges will also be covered.

9.RSP Developers to invest Rs.5 bn in Gurugram

Gurugram-based real estate firm RSP Developers is planning to invest about Rs.5 bn in a 12-acre R&D centre and co-living facility in the city by 2023.

10.Avighna, HBS Realtors in talks to jointly develop residential project in Mumbai

Realty developer Avighna Group is reportedly in advanced talks with HBS Realtors to enter into an agreement to jointly develop a Rs.18 bn residential project in Mumbai.

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