Pune Ring Road Project Contractors Finalized by End of July

19 Jun 2024 CW Team

The Pune Municipal Corporation (PMC) plans to finalise contractors for the city's ambitious Ring Road project by the end of July. This significant infrastructure initiative aims to enhance connectivity and ease traffic congestion in Pune and its surrounding areas.

The Ring Road project, once completed, will create a vital bypass around Pune, diverting traffic away from the city centre and reducing travel time for commuters. The project is part of PMC's efforts to modernise urban transportation infrastructure and accommodate the city's growing population and vehicular traffic.

According to PMC officials, the selection process for contractors is in its final stages. The project involves multiple phases, including road construction, bridge building, and other associated infrastructure development. The contractors will play a crucial role in executing these phases efficiently and within the stipulated timelines.

The Ring Road is expected to alleviate congestion on existing arterial roads and improve overall traffic management in Pune. It will also enhance connectivity to neighbouring regions, promoting smoother movement of goods and people across different parts of the city.

PMC has prioritised transparency and efficiency in the selection of contractors, ensuring adherence to quality standards and timely project delivery. The civic body aims to collaborate closely with the chosen contractors to overcome any logistical challenges and ensure seamless execution of the Ring Road project.

Once the contractors are finalised by the end of July, PMC will proceed with the next phases of the project, focusing on rigorous planning and execution to meet the city's infrastructure demands effectively. The Ring Road initiative underscores Pune's commitment to sustainable urban development and improved transportation infrastructure for its residents.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..