HUDCO Approves Rs 270 Bn Loan for Peripheral Road Project

02 Jan 2025 CW Team

The Housing and Urban Development Corporation (HUDCO) has approved a loan of Rs 270 billion for the Bengaluru Development Authority (BDA) to fund the much-delayed Bangalore Business Corridor. As per the BDA, this long-pending project, which has been delayed for 16 years, is now expected to begin within the next two months. Two agencies are set to finalise the agreement soon, leading to the commencement of the project. Compensation for the land acquired from farmers will follow the BDA Act and the Land Acquisition Compensation Act. Breakdown of Project Costs Out of the Rs 27,000 crore loan, Rs 210 billion will be allocated for land acquisition, while the remaining Rs 6,000 crore is designated for road construction. A senior BDA official noted that the project involves developing a 100-metre wide route. The official further stated that land acquisition has already begun, as reported by the media. To maximise visibility for the project, it has been suggested that both sides of the route be utilised. A six-lane road will occupy 50 metres of the corridor, while the remaining land will be designated for business and commercial use. The BDA aims to complete the project within three years.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..