NHAI plans to raise Rs 3,000 cr from second InvIT in January

18 Dec 2021 CW Team

The National Highways Authority of India (NHAI) has planned its second Infrastructure Investment Trust (InvIT) to raise Rs 3,000 crore in January 2022.

According to an official, two to three road projects would be taken for monetisation through the InvIT to be launched. The InvIT, launched in October, had a portfolio of five operating toll roads of 390 km in length. These five roads are in Gujarat, Karnataka, Rajasthan and Telangana. NHAI has granted a new concession period of 30 years for these roads.

The units have been issued under the private placement route in the upper band of 101 per unit. These units were listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The first InvIT brought two foreign pension funds, including Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board, with 25% holding each.

These were listed with the domestic institutional investors, including pension funds, insurance companies, mutual funds, banks and financial institutions.

The InvIT, being a part of the government's scheme, plans to raise Rs 1.6 lakh crore by monetising 27,000 km of roads in the next four years under the National Monetisation Pipeline. The monetisation will be via toll-operate-transfer (ToT) and InvIT models.

Image Source

Also read: NHAI to increase size of InvIT to Rs 15,000 crore

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..