Ashoka Buildcon bags major electrification contract from North Western Railway
Indian Railways to Build Mega Coaching Terminals in 20 Cities
Indian Railways is preparing to develop Mega Coaching Terminals in 20 major cities as part of its plan to ease congestion and expand train-handling capacity. The initiative aims to ensure smoother operations during peak travel periods, including festival seasons and the high-demand summer and winter months. According to reports, the cities identified include significant railway hubs such as Delhi, Mumbai, Chennai, Kolkata and Ahmedabad, all of which experience heavy volumes of incoming and outgoing trains. Construction of one such terminal is already in progress in Ahmedabad, where around 45..
Joon Realty acquires Jaipur’s Joy City project, rebrands as Adi Bagh
Joon Realty, a Gurugram-based real-estate developer, has acquired majority development rights of the Joy City project in Jaipur and rebranded it as Adi Bagh. The development is registered under RERA number RAJ/P/2021/1563 along the Jaipur-Bhilwara corridor, a growing destination for second-homes. The first phase of Adi Bagh will offer 218 villas in a low-density layout. Joon Realty is targeting gross sales of around Rs 2.1 billion and expects to make the project operational within six months. This acquisition supports Joon Realty’s strategic shift from land-banking to full-scale lu..
Zomato Hyperpure leases 0.55 million sq ft warehouse in Bhiwandi
Zomato Hyperpure, a wholly owned entity of restaurant aggregator Zomato, has leased 5.5 lakh sq ft of warehousing space in Bhiwandi, one of the Mumbai Metropolitan Region’s key logistics hubs. The lease begins at a monthly rent of Rs 17 million, marking Hyperpure’s third warehousing deal in MMR in 2025.According to documents accessed via real-estate analytics platform CRE Matrix, the space near Mauje Pogaon has been leased from Zuijin Developers for a tenure of four years and seven months.Key Lease TermsThe facility was handed over on 1 September, with a lock-in period of 48 months. The re..
