+
Dilip Buildcon bags LoA for road project in Karnataka
ROADS & HIGHWAYS

Dilip Buildcon bags LoA for road project in Karnataka

The National Highways Authority of India (NHAI) has granted Dilip Buildcon Ltd a Letter of Acceptance (LoA) for a Rs 15,890 million road project in Karnataka, the infrastructure and construction company announced on December 17. According to a regulatory filing, the letter was received by the company on December 16.

From Maradgi S. Andola to the Baswantpur portion of NH150C, a six-lane "access-controlled greenfield highway" will be built. In the exchange filing, Dilip Buildcon indicated that the highway segment would be built over 65.50 km and would take 30 months to complete.

It further said that the project's operational duration would last for 15 years following the start of commercial operation.

The project is a component of the Center's Bharatmala Pariyojna programme, which aims to increase the nation's highway network.

Two days after the company's joint venture with RBL Bank completed the contract execution for a 10,610 million project that it had won from the Surat Metro Rail Corporation, Dilip Buildcon made its announcement.

The National Highways Authority of India (NHAI) has granted Dilip Buildcon Ltd a Letter of Acceptance (LoA) for a Rs 15,890 million road project in Karnataka, the infrastructure and construction company announced on December 17. According to a regulatory filing, the letter was received by the company on December 16. From Maradgi S. Andola to the Baswantpur portion of NH150C, a six-lane access-controlled greenfield highway will be built. In the exchange filing, Dilip Buildcon indicated that the highway segment would be built over 65.50 km and would take 30 months to complete. It further said that the project's operational duration would last for 15 years following the start of commercial operation. The project is a component of the Center's Bharatmala Pariyojna programme, which aims to increase the nation's highway network. Two days after the company's joint venture with RBL Bank completed the contract execution for a 10,610 million project that it had won from the Surat Metro Rail Corporation, Dilip Buildcon made its announcement.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?