NDB Approves Tenders for Shimla Ropeways

18 Oct 2024 CW Team

The New Development Bank (NDB) has approved the process to float tenders for the development of ropeway projects worth ?1,734 crore in Shimla, Himachal Pradesh. These projects aim to enhance the city’s urban transport system and boost tourism infrastructure by providing an eco-friendly and efficient mode of transportation for both residents and visitors.

Shimla, known for its picturesque landscapes and heavy tourist influx, has long been grappling with traffic congestion, particularly during peak tourist seasons. The ropeway system, expected to span across various routes in the city, will help alleviate traffic burdens while offering a sustainable transport solution. The NDB’s approval for these tenders is a significant step toward the actualization of the project, which has been in planning to modernize the city's transit infrastructure.

Once implemented, the ropeway system will not only improve local connectivity but also provide a scenic and quick alternative for tourists, further boosting Shimla’s appeal as a major tourist destination. The project will be rolled out under the public-private partnership model, ensuring collaborative efforts between the government and private players in the infrastructure sector.

The investment aligns with the state’s broader goal of promoting eco-friendly and sustainable transport options in hilly regions. With the NDB's backing, the ropeway projects are expected to contribute significantly to Shimla’s development, ensuring better mobility for its residents and enhancing its tourism potential, positioning it as a model for urban transport solutions in India’s mountainous regions.

Infrastructure Urban

04 Aug 2026

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..