Godrej Plans Rs 12.5 Billion Plotted Township in Panipat
Godrej Properties Ltd has entered the Panipat market with a 43 acre residential plotted scheme in Sector 40, its fourth such venture in North India. The land, bought at auction for about Rs 1.6 billion, will host roughly 9.5 lakh sq ft (1.02 million sq ft) of plotted development, offering around 420 plots. The company pegs the project’s revenue potential at more than Rs 12.5 billion.Managing Director and Chief Executive Officer Gaurav Pandey said the project aligns with the builder’s strategy of widening its plotted development footprint. “Haryana has long been a ..
Sobha To Invest Rs 8 Billion In Greater Noida Luxury Towers
Bengaluru based developer Sobha Ltd will invest about Rs 8 billion in a new luxury residential scheme in Greater Noida, expanding its footprint in the Delhi NCR market.Branded Sobha Aurum, the project comprises two towers of more than 45 storeys and 420 premium flats in Sector 36. Prices start at Rs 11.2 million for a one bedroom home, rising to Rs 34.8 million for a four bedroom unit. Select apartments feature private terraces and corner balconies.Sobha acquired the 3.46 acre plot for roughly Rs 1.6 billion at auction and expects total development outlay to reach about..
Power Mech Wins Rs 1.6 Bn Solar Contracts in Bihar
Power Mech Projects Ltd has secured grid connected distributed solar contracts worth about Rs 1.59 billion from Bihar State Power Generation Company Ltd (BSPGCL). Awarded under the PM KUSUM scheme and delivered via the RESCO model, the scheme will solarise agricultural mixed load feeders through several substations across the state.The three projects together provide 13.66 MW (AC) of capacity: Rajoun (4.221 MW, Rs 482.9 million), Sakahara (4.285 MW, Rs 490.2 million) and Sambhuganj (5.155 MW, Rs 617.8 million). Each megawatt will attract central subsidies of Rs 10.5..
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