GMDA Initiates Construction of Rs.1.15 Bn Office Building on NH48

18 Jun 2024 CW Team

The Gurugram Metropolitan Development Authority (GMDA) has commenced construction on a new ten-storey office building project along NH48 in Gurugram. Valued at ?115 crore, this initiative aims to enhance infrastructure and support commercial growth in the region.

Located strategically along National Highway 48, the office building project is set to become a prominent landmark in Gurugram's skyline. The development is expected to provide modern office spaces equipped with state-of-the-art facilities, catering to the needs of businesses and organizations operating in the area.

The project's initiation underscores GMDA's commitment to bolstering Gurugram's infrastructure and fostering a conducive environment for economic activities. With robust connectivity and proximity to key business hubs, the new office building is poised to attract tenants seeking prime office locations in Gurugram's thriving commercial landscape.

According to sources familiar with the matter, the construction of the ten-storey office building is part of GMDA's broader urban development plans aimed at accommodating the city's growing demand for office spaces. The project is expected to create employment opportunities during construction and contribute to Gurugram's economic development upon completion.

As GMDA progresses with the construction, stakeholders anticipate positive implications for Gurugram's real estate market and overall urban development. The new office building along NH48 is projected to play a pivotal role in furthering Gurugram's status as a leading business and commercial destination in the National Capital Region (NCR).

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..