Decision on Bengaluru's Second Airport Location Imminent: Minister

11 Jul 2024 CW Team

An important decision regarding the location of Bengaluru's second airport is expected soon, according to a recent announcement by Karnataka's Minister for Infrastructure Development. The state government is gearing up to finalise the site for this crucial aviation project, aimed at easing congestion and accommodating the growing air traffic demands in Bengaluru, India's technology hub.

The initiative comes in response to the city's rapidly expanding air travel needs, which have placed strain on Kempegowda International Airport (KIA), the current primary airport serving Bengaluru. The proposed second airport aims to enhance capacity and provide additional facilities to support future aviation growth.

Various potential locations have been under consideration, taking into account factors such as accessibility, land availability, environmental impact, and economic feasibility. Once finalised, the new airport is expected to not only alleviate pressure on KIA but also stimulate economic development in the surrounding regions.

The decision-making process involves consultations with stakeholders, including aviation experts, environmentalists, and local communities, to ensure a balanced approach that addresses both infrastructure needs and environmental concerns.

The establishment of a second airport in Bengaluru is seen as a critical infrastructure development project that will enhance the city's connectivity, attract investments, and bolster its position as a leading business and technology hub in India. Stakeholders eagerly await the announcement that will pave the way for the commencement of this significant aviation initiative.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..