State govt allocates Rs 6,683 cr for Coimbatore metro rail

Johnson Controls Debuts OpenBlue Workplace in the Middle East

Johnson Controls (NYSE: JCI), a global leader in smart and sustainable building solutions, has announced the Middle East launch of its OpenBlue Workplace platform, with Dubai serving as the strategic hub. The launch comes as the MEA smart building market is projected to grow from USD 8.06 billion in 2023 to USD 47.52 billion by 2030, according to Grand View Research. OpenBlue Workplace is an Integrated Workplace Management System (IWMS) that enables organisations to enhance real estate efficiency through intelligent space use, workplace planning, asset management, and data-driven decision..

NHAI Unveils First Asset Monetisation Strategy for Road Sector

In a major step towards financial innovation in infrastructure, the National Highways Authority of India (NHAI) has released its first-ever Asset Monetisation Strategy for the Road Sector. The strategy aims to unlock the value of operational national highways and attract greater private sector participation via Public Private Partnership (PPP) models. The document outlines a comprehensive framework for raising capital through Toll-Operate-Transfer (ToT), Infrastructure Investment Trusts (InvITs), and securitisation. These instruments have already helped NHAI mobilise over Rs 1.4 trillion ..

IHCL Signs Vivanta Hotel in Mysuru to Expand Karnataka Presence

Indian Hotels Company (IHCL), India’s largest hospitality company, has signed a new greenfield hotel in Mysuru under the Vivanta brand. This marks a strategic addition to IHCL’s growing footprint in Karnataka. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Mysuru, with its cultural heritage and diverse economy, is emerging as a key urban hub. Infrastructure upgrades like the Bengaluru-Mysuru Expressway are further catalysing travel and tourism. This signing aligns with our strategy of expanding in high-potential destinations. We are pleased ..