Kerala govt agrees to revised terms on NH-774 Highway Project

13 Feb 2024 CW Team

Union Road Transport Minister Nitin Gadkari announced that the Kerala Government has agreed to shoulder 25% of the land acquisition costs for the NH-774 greenfield highway, connecting Kollam in Kerala to Madurai in Tamil Nadu. This is a departure from the initial agreement of 50%, and Kerala has also waived the state GST of 9% for this purpose.

In response to a query from RSP member N K Premachandran, Gadkari stated that the Chief Minister of Kerala has accepted the proposal, pending a formal response from the state government. Emphasising the need for cooperation from state governments, Gadkari highlighted their essential role in granting permissions for activities like mining.

When asked about the scenario where the state government declines to contribute its share, Gadkari affirmed that the Chief Minister has agreed to the proposal, and they are awaiting an official reply from Kerala. He expressed optimism about completing the Chennai-Bengaluru greenfield expressway by December of the current year.

Addressing the Lok Sabha, Gadkari urged the governments of Tamil Nadu and Kerala to assist the National Highway Authority of India in securing construction materials like aggregates and fly ash for their respective projects. He assured the House of their commitment to finishing the highway by December, enabling a two-hour travel time between Chennai and Bengaluru. Additionally, Gadkari mentioned that he had discussed the challenges faced by the NHAI in highway construction with Tamil Nadu Chief Minister M K Stalin.

Resources

08 Sep 2025

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..