No standardization yet of road resurfacing liability periods

02 May 2023 CW Team

When monsoon season arrives, the city's roads are inevitably dotted with potholes. The time frame for which road contractors are accountable for errors in their work has not been set, despite numerous interventions by the high court.

The Ahmedabad Municipal Corporation (AMC) approved 9,280 million worth of road resurfacing contracts in the previous year, with various defect liability requirements for various categories of roads.

For instance, 14 bitumen resurfacing contracts worth $2.67 billion were awarded for narrow roads. Even though the defect liability period was only three years, these were awarded at prices that were 20% to 30% higher than the estimated cost. Additionally, a tender worth 6,410 million dollars for roads wider than 60 feet was approved, with a five-year defect liability period.

Real Estate

09 Sep 2025

Max Estates acquires Gurugram land for Rs 3,000 crore housing project

Gurugram, 6 September 2025: Max Estates has acquired a 7.25-acre land parcel in Sector 59, Gurugram, to develop a premium residential project with an estimated sales potential of over Rs 3,000 crore. The project will have a total development potential of 1.3 million sq ft.The company’s board has approved the acquisition of Base Buildwell Pvt Ltd (BBPL), a special purpose vehicle holding the licence and development rights for the site on Golf Course Extension Road. The transaction involves purchasing 100 per cent of BBPL’s share capital, comprising 10,000 equity shares of Rs 10 each and 24,..

Mumbai to get 238 new AC local trains under MUTP expansion

Mumbai: In a major push to upgrade Mumbai’s lifeline, the Mumbai Rail Vikas Corporation (MRVC) has initiated the procurement of 238 fully air-conditioned trains, just four days after the Maharashtra Cabinet cleared the ambitious plan.The project, part of the Mumbai Urban Transport Project (MUTP) Phase III and IIIA, will add 2,856 Vande Metro coaches in 12, 15, and 18-car formations. The first prototype rake is expected to arrive in two years from the contract award date. Two dedicated depots will be developed at Bhivpuri (Central Railway) and Vangaon (Western Railway) for long-term maintenan..

Reliance Infra sells Rs 176 crore stake in Dassault JV to French partner

Mumbai, 5 September 2025: Reliance Infrastructure Ltd announced that its subsidiary Reliance Aerostructure Ltd (RAL) will transfer 2 per cent equity in Dassault Reliance Aerospace Ltd (DRAL) to French defence major Dassault Aviation for Rs 175.96 crore. The agreement was signed on 5 September and is expected to be completed by 1 November 2025.Following the transaction, Dassault Aviation’s stake in DRAL will rise to 51 per cent, giving it majority control, while Reliance Aerostructure will hold 49 per cent. This change will result in DRAL, which manufactures airframes and subsystems for Rafal..