NHAI sets record with Rs 156.24 bn concession value in InvIT Round-3

13 Feb 2024 CW Team

NHAI has achieved a record concession value of Rs 156.24 billion through 'InvIT Round-3', marking the highest ever. This milestone was reached by monetising 10 stretches, totalling approximately 890 km. Impressively, the Letter of Acceptance (LOA) was issued within two hours of the bid opening.

NHAI employs three monetisation modes: Toll Operate Transfer (TOT), InvIT, and Securitisation. In the current financial year, NHAI has already awarded four TOT Bundles, resulting in a monetised value of Rs 159.68 billion. The success rate in the TOT mode for FY24 stands at 100%, with LOAs issued within one day of the financial bid opening.

Previously, under the TOT Mode, NHAI successfully monetised six rounds covering 1614 km, generating Rs 263.66 billion, and two rounds of InvIT (635 km), bringing in Rs 102 billion. Additionally, through Securitisation, NHAI has raised about Rs 370 billion thus far, with an anticipated Rs 50 billion by the end of FY24.

As a result, the Total Asset Monetisation Program of MoRTH and NHAI has surpassed Rs 1 trillion, comprising Rs 423.34 billion through TOT, Rs 261.25 billion through InvIT, and Rs 420 billion through Securitisation. This achievement aligns with the Government of India's vision outlined in the National Monetisation Plan and reinforces the fulfilment of budgetary announcements by the government of India.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..