Rs 3.65 Billion Rail Upgrade Planned Near Chennai
The Railway Board is evaluating a Rs 3.65 billion proposal from Southern Railway to construct third and fourth lines along the 22.52 km stretch between Attipattu and Gummidipoondi. This segment forms part of the high-traffic Delhi–Chennai route and is a critical connector in both the Chennai–Visakhapatnam and Chennai–Bengaluru industrial corridors.Planned under the national programme for multi-tracking and bypass routes, the project aims to alleviate congestion and support increasing freight demand. It has secured interdepartmental clearances and now awaits formal approval from the Minis..
Adani Signs Deal for Rs 360 Billion Goregaon Project
Adani Properties, the real estate arm of the Adani Group, has signed an agreement with the Maharashtra Housing and Area Development Authority (MHADA) to undertake the redevelopment of Motilal Nagar in Goregaon (West), Mumbai. The deal marks one of the largest urban renewal projects in the country, valued at approximately Rs 360 billion.MHADA has appointed Adani Properties as the construction and development (C&D) agency to redevelop the Motilal Nagar 1, 2 and 3 colonies. In March, Adani Properties emerged as the highest bidder for the 142-acre project, outbidding L&T Realty. This will ..
Omaxe to Build Rs 12 Billion Township in Indore
Real estate developer Omaxe Ltd has acquired 450 acres of land in Indore, Madhya Pradesh, to develop an integrated township, marking a significant expansion into Tier-II cities. The project will involve an investment of Rs 12 billion and is expected to generate revenue of around Rs 25 billion over the next three years.In a regulatory filing on Tuesday, the company announced its plans to expand operations in Madhya Pradesh with this acquisition. The development will be carried out in multiple phases and financed through internal accruals.The planned township will feature residential plots, hous..
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