9 Companies Submit Bids for Southern Peripheral Road Upgrade Contract

03 Feb 2025 CW Team

Nine companies have submitted bids for the strengthening and upgradation of a 5.5-kilometre stretch from Vatika Chowk to the clover leaf on NH 48, according to GMDA officials. The project, valued at Rs 900.65 million, is expected to be awarded to one of the bidders soon. The upgradation will involve overlaying the existing road with bituminous concrete, enhancing ridership, and reducing congestion. Additionally, slip roads will be constructed, and pedestrian footpaths will be repaired for safer and smoother movement of vehicles and pedestrians. The contract is expected to be finalised by the end of February.

The GMDA is also advancing the process of hiring a consultant for the construction of a five-kilometre elevated road along the Southern Peripheral Road (SPR). Five companies have placed bids for the consultancy work, which is worth Rs 5 million. The elevated road project, with an estimated cost of Rs 7.50 billion, aims to alleviate congestion, especially during peak traffic, at key intersections such as sectors 69, 70, and 71/72, among others. Traffic studies predict that grade separation will be required at these junctions within the next decade due to expected traffic volumes exceeding 10,000 cars per hour.

Furthermore, the GMDA has opened a tender to hire a consultant for the preparation of the Detailed Project Report (DPR) for the elevated road connecting Vatika Chowk and the clover leaf on the Dwarka Expressway near NH 48. The 5.5-kilometre-long elevated road, already approved by the state government, will cost Rs 7.50 billion and is expected to improve traffic flow on the Dwarka Expressway and NH 48. The award for the DPR work is also anticipated by the end of this month.

News source: Hindustan Times

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..