Bengal to Sign Centre Agreement for Purulia Airport

Southern Railway Line Expansion Cost Rises to Rs 705.6 mn

Southern Railway has invited fresh tenders for constructing the third and fourth railway lines along the 23-km Athipattu-Gummidipundi section of the North Eastern suburban network. The revised project cost is Rs. 3.56 bn, an increase of Rs. 705.6 mn from the initial estimate of Rs. 2.86 bn issued in March. Official documents indicated that the earlier contract could not be finalised because the project cost was considered insufficient. The project includes laying both lines, upgrading station infrastructure and executing general electrical and overhead electrification works. Utility shifting i..

DivyaSree, HDFC Capital Set Up Rs. 15 bn Residential Platform

Bengaluru-based DivyaSree Developers has partnered with HDFC Capital Advisors to establish a Rs. 15 bn residential platform, marking a significant expansion of its presence in India’s housing market. The partnership aims to create a development pipeline worth Rs. 67.5 bn over the next three to four years. The platform, established with the real estate private equity arm of HDFC Group, will provide growth capital for acquiring and developing residential projects. The proposed investments will cover multiple cities and are intended to accelerate DivyaSree’s expansion in key Indian property m..

Lodha Developers Enters Delhi-NCR with Rs 12 bn Office Project

Lodha Developers has entered the Delhi-NCR property market with the launch of Lodha Pantheon, a Grade A++ office project on Golf Course Road in Gurugram. The Mumbai-based real estate company plans to invest around Rs. 11-12 bn in the development, which has a saleable area of 400,000 sq ft across 27 floors. The project is spread over 1.2 acres and will offer office spaces for sale. Its floor plates range from 13,000 sq ft to 15,000 sq ft and from 20,000 sq ft to 25,000 sq ft. The company said it had received a positive initial response from prospective customers. Lodha Developers said demand fo..